Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 04, 2018, 03:06:01 AM
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
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I think the major reason why the price of bitcoin increase and decrease is the whales and the deficiency of investors that no increase of demand but it decrease. That is my opinion.
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The price of Bitcoin is affected by so many factors that it's easier to say that it does not affect it. At the moment, because of the bearish trend in the market, many people are afraid to enter Bitcoin, because there are many chances that it will continue to fall further. Bitcoin depends on demand, and demand falls with the release of negative news about crypto currencies and is growing with the release of positive news.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
Bitcoin is the KING of crypto currency, I think Bitcoin price will affect the value of all altcoins.
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The price of Bitcoin is affected by so many factors that it's easier to say that it does not affect it. At the moment, because of the bearish trend in the market, many people are afraid to enter Bitcoin, because there are many chances that it will continue to fall further. Bitcoin depends on demand, and demand falls with the release of negative news about crypto currencies and is growing with the release of positive news.
Yes, it's true, the price of Bitcoin is influenced by many different kinds of factors. Today I just read an interesting article about why we see such a drastic drop in the price of Bitcoin and what affects it: https://medium.com/@lucidfunds/the-bitcoin-hyperwave-the-bear-market-continues-to-growl-32cc723de95e
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which affects the price of bitcoin.
1. the person who created bitcoin itself.
2. news of negative and positive issues with bitcoin.
3. Bitcoin investors are good at buying and selling ..
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many things can affect the decline in bitcoin prices. for this year's price reduction I don't know what the cause is. one of them might be because many people sell bitcoin. or people are starting to be skeptical about investing in bitcoin.
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Investors plays big role on crypto industries, if you notice from the latest news for the past weeks btc price pump up because of investors. Also government decisions plays a lot on crypto price movement.
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A lot of factors affect the price of bitcoin, the giant in the field, investor and many others. some just want to wait till the end of the year in order to make their investment. government being afraid of bitcoin to try so many another way to defame it. and the giants in the ecosystem trying to manipulate it. for the rest, you can picture
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
Bitcoin is the KING of crypto currency, I think Bitcoin price will affect the value of all altcoins.
Absolutely bitcoin is the king in crypto. It is the main reason why there are some changes because bitcoin can do it. I don't know if the demands is the reason why it affected the market system.
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in my opinion, one that can influence the value of bitcoin is news about it, both positive and negative, besides that large investors also influence the value of bitcoin, but of all these factors the value of bitcoin is volatile or unpredictable
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Like any other business, bitcoin price is greatly affected by its demand and supply in the market. If there's a limited supply in the market while demand is increasing, I think bitcoin price will go bullish. If everyone panicly sell off their coins, the bitcoin price will drastically fall down. And that's what normally had happened every year in crypto business industry.
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Bitcoin drops its price when many sell it, and the buyer is lacking.
the influencing factor is news from the government or financial institutions against Bitcoin.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
I think demand and supply are major factor to affect the price of bitcoin. The negative issue also will affect the demand.
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which affects the price of bitcoin
from investors both small investors to large investors.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
I think It is affect of the negative issue and many government ban bitcoin.But I think Bitcoin will rise again soon.
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May be one of the reason why bitcoin price is falling down is due to continue increase of the number of altcoins in the crypto market and instead of investing in bitcoin some investors a re selling their bitcoin investment and diverted their investment into new altcoins or ain ICOs project.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
Due to some government issue on banning bitcoin on other countries plus to add some hacking issues on exchanges that lead to panic those investors and sell their bitcoin at cheaper price.
It can also a reason of dumps from those big investors that already get profits after holding of many years as they bought their bitcoin at cheaper price and they wanted to get their profits while still at higher price.
So many issues that may affects the bitcoin price as those investors will follow on the issues around the crypto..bad news will hurt the market while good news will turn it into green.
Indeed, it's unpredictable market due to volatility.
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I think global regulations and also negative news greatly contribute to the decline of bitcoin, and therefore the market is filled with panic sellers so that the price of bitcoin falls.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
The major factor that affect bitcoin is demand and supply. If demand is High, The price will rise.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
I think they many reason why bitcoin slowly going down. For me because i think they have other country is banned and they have other country close the bitcoin in there area that i think why bitcoin is going down the price. I search the site they have a reason why bitcoin is down. This is the link of site.
https://www.express.co.uk/finance/city/964720/bitcoin-price-news-why-is-BT-falling-today
Check the source why bitcoin going down.
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What I have learnt is that there is group known as the Whales and they are those people who manipulate the market. The pump and then wait for people to sell and then they buy back.
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I thinknthere are several factors but the two most prominent may be government policies and media reports.
For instance a policy by a government to legalise btc in a country will attract more investors and hence a push in btc value and vice versa.