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Author Topic: Factors that affects the value of bitcoin...  (Read 3052 times)
Underlord
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August 15, 2018, 03:12:15 PM
 #861

I think the factor that most influences the price of bitcoin is our behavior towards bitcoin, because bitcon works according to the principles of supply and demand. If we don't believe in bitcoin and act in the short term in selling and buying, of course the price will be very volatile.
So it would be better to reconsider the decisions you will make in the trading strategy and do not be swiftly affected by issues and predictions.
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Minh maluco
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August 15, 2018, 03:51:23 PM
 #862

One of the most important factors is the relationship between supply and demand. In the last few months, there has been no big money to enter the market, so it is clear that the market has been falling. Cheesy Cheesy
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August 15, 2018, 04:32:19 PM
 #863

Hey guys,  i need some suggestions and opinions about this.
The first end the main factor which is affecting the price of Bitcoin and cause it to decline is the postponing their EFT decision, and hopefully one day we'll decide and accept those things 2019 will face their recovery.

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yvesp110
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August 16, 2018, 07:15:30 PM
 #864

I think the factor that most influences the price of bitcoin is our behavior towards bitcoin, because bitcon works according to the principles of supply and demand. If we don't believe in bitcoin and act in the short term in selling and buying, of course the price will be very volatile.
So it would be better to reconsider the decisions you will make in the trading strategy and do not be swiftly affected by issues and predictions.
Well you are right with your thinking and your views but I think apart from all this some other basic and important factors are here which can affect the price of bitcoin just like demand and supply, when more people buy bitcoin it makes the price high but when more people sell it so the price gets down, so supply and demand according to me are the basic things which use to effect the price.

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September 13, 2018, 03:57:18 PM
 #865

I think one of the factors that affects the value of coin is the fake news being heard by people who holds Bitcoin and this cause a panic and sold their bitcoins because they fear that its price will fall.
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Inikoo
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September 14, 2018, 11:29:18 AM
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 #866

I think we can agree, that while the price of Bitcoin in Fiat currency is very volatile, it's true value is constant. Unfortunately there are way more people, care about the actual Fiat price.
We have seen in the past, that media news can move the price of Bitcoin very easily, but I kindof have the feeling, that is not the case lately. Because in the current bearmarket, negative news has more effect, while the market is more resistant to positive news. Actually that is just the opposite, than the situation in the end of last year.
In the 31st of October 2017, CME announced the launch of Bitcoin Futures. The price of Bitcoin was than the same as now, around 6000$ , and we all know what happened. The price went up to 20000$, within less than 2 months. and other Altcoins made even crazier returns within this short period of time.
Now everybody is waiting for an ETF approval, after several proposal have been already rejected, or postponed. It is quite clear, that a futures based ETF will not be approved, and the CBOE is the only one right now, which has a realistic chance to be approved. The decision was postponed in august, and it is expected to hear decision from the SEC on the 30th of September, so we can schedule a big price movement that day. If it gets approved, I think there is a good chance, we will see something, like last year after the futures approval. Unfortunately, there is a good chance, that it will be postponed again, until february, and than it is hard to tell, what catalyst could cause the typical 'end of the year bullmarket' this year. Or maybe 2018 will be just a genuine bear year.

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September 14, 2018, 12:02:58 PM
 #867

I think there are several factors that influence the price of bitcoin and among them are economic conditions, politics or some news and also the government's actions on bitcoin

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September 14, 2018, 12:22:37 PM
 #868

Speculation is the strongest factor influencing the value of Bitcoin. At the same time, Bitcoin value is also affected by the mining process.
liliano
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September 14, 2018, 12:30:28 PM
 #869

I strongly agree that market behavior affects the price of bitcoin, daily trading behavior, price settings by whales and many more that provide price dynamics every time
fivejonnyfive
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September 14, 2018, 01:14:37 PM
 #870

Truly, ETF decisions have probably the most effect on the price these days. Hope the SEC will approve the CBOE proposal.

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September 14, 2018, 01:32:46 PM
 #871

The price of Bitcoin is still mostly speculation, people making rush decisions according to the actual news, and in the same time, whales having significant effect on the market.

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September 14, 2018, 01:44:46 PM
 #872

I think one about the components that can influence the bitcoin cost is awful news or FUD's that would holders be able to offer their bitcoin in light of the fact that they feel that the cost of bitcoin will drop and the other factor is there are some gathering of a pump and dump that can control the estimation of bitcoin and the other thing is there are numerous tricksters out there that utilization bitcoin as their introduction that is the reason individuals didn't trust bitcoin as a result of this reason.
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September 14, 2018, 01:53:12 PM
 #873

Factors affecting the price of bitcoin are bitcoin supply and government policies that affect the price of bitcoin as well as they will affect the cryptocurrency market.
Wajan
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September 14, 2018, 02:08:19 PM
 #874

The factors that influence the value of bitcoin because most coins are scam, so bitcoi is considered to be of no use anymore, lately bitcoin cannot generate maximum income
yamete kudasai
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September 14, 2018, 02:12:57 PM
 #875

Hey guys,  i need some suggestions and opinions about this.

As an additional i think the factors that affects the value of bitcoin are are government regulations because some government in the country illegalized using of cryptocurrency think to them its dangerous , self regulations on internet or social media that takes firm measure against bitcoin and whole new animal means some people predict that crypto can't be success in the future.

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September 14, 2018, 02:42:19 PM
 #876

I think that at this stage of development Bitcoin depends on the government that is, it is from the decision of the ETF and of course from the bullish mood in the market !)
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September 14, 2018, 04:38:44 PM
 #877

The factors that affects the bitcoin price or value are the bitcoin users, scam coins,the waves and many things. but for me, mostly it would be bitcoin itself being there is no direct stable source of currency but just an intangible money.

Impulseboy
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September 14, 2018, 05:43:55 PM
 #878

I think one of the factors that can affect the bitcoin price is bad news or FUD's that can holders sell their bitcoin because they think that the price of bitcoin will drop and the other factor is there are some group of a pump and dump that can manipulate the value of bitcoin and the other thing is there are many scammers out there that use bitcoin as their presentation that is why people didn't trust bitcoin because of this reason.

I agree to this, but other than pump and dump as well as scammers, I think that hackers also affects the value of bitcoin. Because of this, some people who are interested in joining the crypto world get disheartened and does not push through with it. How do you think we solve this?
NelfiNovita
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September 14, 2018, 05:52:04 PM
 #879

Hey guys,  i need some suggestions and opinions about this.

yes there are several factors that influence the price of bitcoin, namely: bad news about bitcoin, if bad news that often appears in this forum then the price of bitcoin will go down and if there is a lot of good news in this forum then the price of bitcoin will be more expensive.

Glok17
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September 14, 2018, 07:36:39 PM
 #880

Worlds economical situation, governments position regarding crypto - these are the main things that affect value of BTC and other crypto.

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