Post
Topic
Board Speculation
Re: What effects the bitcoin price?
by
hydeevanz
on 09/03/2018, 03:44:55 UTC
Since I started with bitcoin saw the rapid rise and decrease of the price, so as I read the news and other blogs about bitcoin this is the things that constantly alter bitcoin value.

1. Government policies and regulation (sometimes banning of bitcoin), like Russia, India, S. Korea and others.
2.  News and media sites ( closing of related bitcoin site and hacking like $60m cryptocurrency hacked https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/
3. Intended market manipulation. Some player buy large amount of bitcoin it causes the bitcoin rise in the market.
4. Limited supply of bitcoin not more than 21M tokens, in high demand.
5 Other policy of central bank.

This is few reason why bitcoin alter rapidly.
To be honest, I only know about the banning of bitcoin in some other countries that causes bitcoin prices to fall. About the gamer or player, I never knew that they are one of the factors about the current bitcoin price. These past few days, I heard about the limited supply of bitcoin and I never knew that it really exists. Do you think that there are more factors about the bitcoin price?