Bitcoin Up and Down how

[LimLims]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?

As like other asset, Bitcoins too follow the era of supply and demand.
As there is a fixed amount or supply of Bitcoins, so when the demand is high, the supply becomes less.
And sadly this leads to the rise of the price.
And the reverse happens when the demand is less.
You can easily see and demonstrate it yourself in any exchange’s trading area.

[michellee]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?

As like other asset, Bitcoins too follow the era of supply and demand.
As there is a fixed amount or supply of Bitcoins, so when the demand is high, the supply becomes less.
And sadly this leads to the rise of the price.
And the reverse happens when the demand is less.
You can easily see and demonstrate it yourself in any exchange’s trading area.

Yes, besides of that supply and demand, sometimes news can give effect to the crypto market. But there is no valid reason for how bitcoin price goes up and down. I guess that many reasons that can make it like that, but I will not bother to think about why the important thing for us is always ready for any situations that can happen to the market. If he just thinks about the reason, I am afraid that he will forget to analyze and use the time to buy or sell because I guess in that time, we can use it for our benefits.

[Lorence.xD]

Demand is reason for increase the bitcoin price. It any time to up and down. So we can't easy to analyse the bitcoin price. Check the bitcoin price every Day. It useful to invest the bitcoin on time. Bitcoi is future digital currency. It helpful for future growth and get more information.

I think that the quote above is the only answer plausible besides bitcoin being a volatile market. There isn't anything that does not involves economics in the ups and downs of bitcoin, the need for a verified reason is enough with the basics of supply and demand.

To OP, the reason that we are buying bitcoin through the use of fiat I assume is because it was tied to fiat in the first place and you have a choice not to store your money on banks so that means that being monitored is not the banks problem because that is their job, to prevent possible laundering. Isn't not having a middle man a good thing? If you want to use bitcoin as a currency for daily transactions, you can do it but you have to understand that there isn't any big adoption for most businesses yet and we are not fooling ourselves.

[zvs]

It goes up a lot when it gets a ton of press, because saturation level (knowledge of existence) amongst the 'average' investor is still low.  Additionally, the number of people rubbishing it as a joke continues to drop. 

Random people invest in it, w/o regard to the price, since they see a nice chart and don't want to miss out.  This has happened.... at least three times in the past, maybe four.  One of the other massive runs was when MtGox was manipulating the price.

I sold half of mine at $36,500.  I was thinking I'd be able to rebuy at ~$18,500 level, ~$22,500 level, or around the 50 day MA when I sold (at the time it was ~$24,500). 

It appears that someone wants to keep it above $30,500'ish, which is actually close to the 50 day moving average now (think it's around $29,500).  There was that 'flash crash' down to $29,000, but it immediately went back up.  If it holds the $30,500 - $31,000 for another week or two, I may cave and re-buy at this $31,000 or so.  Probably not, though.  I still think the price is massively inflated.

But I guess with virtually every govt going massively into debt and the Federal Reserve printing untold amounts of "funny money" to keep the US stock market from crashing, who knows. 

I'm unsure why we aren't already seeing massive inflation in the US.  Probably the low cost of energy has cancelled out a lot of it.  This low cost of gas and such shouldn't last too much longer w/ Beijing Biden.  China needs to sell some solar panels.

[KEN D]

Bitcoin has been gaining momentum recently, but beware of the possibility of it falling. It is recommended to buy rationally and sell in time.

[Keila Faith Villanueva]

price is always going down because the "demand" for bitcoin is increasing more that the "supply" has been increasing. the increase of demand is also called adoption and these days we are having a ton of it from average Joes buying bitcoin to big institutional investment groups buying bitcoin so that a lot of their users can own bitcoin to big players buying bitcoin. so there is no way to go but up.

meanwhile there is a lot of panic and newbies who came in recently (some of them whale newbies) are easy to manipulate and scare into selling. for example the FUD about the double spend today has been hitting these weak hands pretty hard and we can see how they are panic selling into the hands of other accumulators.

buddy, just HODL if you are not that in need of money. Some articles may suggest that you sell your bitcoin, just ignore it. Keep it and see how much money it will cost. Or you may regret like me

[AakZaki]

In my opinion, no one knows when bitcoin will go up or down, unless someone asks to increase the price or lower the price, therefore it is best to keep checking the price of bitcoin every day, because seeing the growth of bitcoin with your own eyes is much better.

Indeed no one will know, but the ups and downs of bitcoin can be predicted using technical and fundamental analysis. Demand for increases and decreases in prices must include whales as large holders of bitcoin, but cannot fully control the market. If you do a day traser you do have to check the price of bitcoin every day, but if only as a long-term investor you don't need it, stay focused on the main goal for the long term and the price that has been set.

[k@suy]

Supply and demand of ppl buying and selling. Plus speculation on prices. Corporates are starting to put Bitcoin on their balance sheets though and taking supply out of the market which is positive for prices.

Yes this is the reason why bitcoin and other coin in the market crashes it is normal due to the law of supply and the demand we cannot change the fact that some people hoard to much quantity and it makes the bitcoin price go higher and then when these people dump it instantly those who are affected are those who only have a limited and small buying power. Sometimes we can understand that maybe it is only a price correction.

[serjent05]

Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?

Price speculation. The factors of demand and supply determines the price. Look up order books on various exchanges, when a bid or ask order is filled the price on that exchange adjusts to the most recent trade amount, reason why prices vary on different exchanges.

Don't forget the price manipulation, FUD, hype and many other factor that affect the price of Bitcoin.  Sometimes the market does not follow the supply and demand law due to the meddling of these so called whales that often alter the flow of the market to their own benefit.

Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks?

What do you mean by 'monitorized'?
You can buy Bitcoin using fiat, altcoins, gold or any other thing of value, properties and luxury items have been sold for Bitcoin, it's also being used as payment for service rendered.

Probably he wanted to say "monitored" by banks.  Well, the price of Bitcoin can be monitored but can't be regulated because as stated, it follows the Law of supply and demand.

And there is no middle man in between and it is peer to peer currency?

The objective of a P2P network is the absence of a third party or middle man.

But sadly most Bitcoin users had been meddled by the third party company that gives custodial wallet/exchange service.

[Sebas.tian]

In my opinion, no one knows when bitcoin will go up or down, unless someone asks to increase the price or lower the price, therefore it is best to keep checking the price of bitcoin every day, because seeing the growth of bitcoin with your own eyes is much better.

it is true that many predict the price of bitcoin but most of them are wrong so don't be too easy to believe in predictions if there is no clear source so I totally agree with you that no one knows when the price of bitcoin goes up or down if someone is right, it's just a guess.

Bitcoin be a speculative assets made it more difficult to know it price per time, this has been in existence from inception. Although there are experts in this ecosystem that truly understand the technology but still be able to tell the exact figure of Bitcoin up and Downs at a particular time. Basically, bitcoin price in future will be determine by demands when global adoption set inn.

[Nice-Block]

Price goes up when buying pressure increases, and goes down when selling pressure increases.

[Spielbevk]

Prices fluctuate up and down recently. But as the supply decreases and people buy more and more, prices will rise.

[NathanielParker]

I think these ups and downs are fairly normal because it's generally a bull market there. except that the government intervenes, which might make some holders to sell their coins.

[Mituletr]

I also want to know what determines the price of Bitcoin and want to learn from the experience.

[Kudrowet]

Bitcoin prices fluctuate and it is difficult to predict the future price, but I hope the price can rise.

[Pattiefll]

Bitcoin prices are difficult to predict, and I also want to know if prices will rise in the future.

[jamesde]

Bitcoin price is based mostly on speculation. If a currency's value fluctuates a lot, or if it is quite volatile, nobody wants to use it, but rather to store it. Bitcoin currently acts more like gold than currency, which deviates from bitcoin's original objective of building a cash system for p2p. The price of bitcoin is difficult to predict.

[Serious475]

I'm not knowledgable person like you are looking for but I have an answer to the marker price ups and down are cost with the traders and investors if there is no movement on these transactions there is no any kind of chance it will pump or dump movement are all about the people who would like to buy and sell. Market graphs are just a guide what is the possible outcome but it can't tell you the exact and accurate outcome of the price. Supply and demand are still part of the crypto currency.

[NeverSop]

Bitcoin rises and falls like a spring, depending on many factors, peripheral reactions or expertise influencing supply / demand.  when the necessity is serious, the spring will expand.  Sometimes it's like a ship, dropping its anchor and swaying.  I imagine this past week is at the anchor, the wave will move to drive the rise and the ship goes to sea.
A rule that has no standards.

[TheGreatPython]

Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

Bitcoin is peer-to-peer in the sense that you can send it directly to anyone without the need for any middleman, that’s why it’s called peer to peer. Take for example, if you have to send money to someone abroad using banks, banks will serve as the middleman between you and the person receiving the money and it can take the money days to arrive, whereas when you are making use of cryptocurrency you can send the money to them directly and they will receive it at that moment. I don’t see anything difficult to understand in this. Bitcoin is truly peer to peer.