Quote from: StarofBTC on June 27, 2018, 06:53:57 AM

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Quote from: Mickznet on March 08, 2018, 03:13:31 AM

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?

A lot of factors are there in the market which control the price of Bitcoin and other currencies, every currency has its own market factors. For Bitcoin the major factor is demand which is the people interest and encouragement. When people encourage the market demand rate will go high and similarly the price of Bitcoin will go high in the air. We should wait for our turns in order to sell out in high market as the current market is low so we can not sell here.

In general the major factor which affects the price of Bitcoin is the demand of people, if the peoples demand increases the value of Bitcoin will also increase and will follow the increase trend. On the other hand it will follow the decrease trend if the peoples demand decreases.

So the market is dependant of its demand and this is the controlling factor, besides this the negative and positive speculations also affect the Bitcoins market.

There are so many things that affect the prices of Bitcoin. Market demand is very important in this regard and any rise or fall in the level of market demand changes the price directly.

Besides, the government regulations also discourage the investment in Bitcoin and results the price depreciation. Selling in the red market also contributes to depreciation. But still people are holding their portfolios and hope for the boom.

I only think about the effects of the bitcoin price which is people getting panic if the price is up or it's down. I see this before that when the price is up, people start to panic because they think that they can be too late to have bitcoin. but on the other side, if the price is down, people in a panic because they think that the price will fall too deep without any chance to back to the price before. this is happening too many times before and still many people that getting panic because of the situations in the market.

Your strategy is suit for beginners not all the peoples because everyone expection is earn some profit in Crypto investment. But few peoples only panic in every time because they expect more comfort zone but we should take risk then only we will earn something so they are all unmatured peoples in this industry so is not depends on these kind of peoples.

It is actually the demand of people for the Bitcoin and for other currency or product which is responsible for the increase and decrease in value of product. Now we are discussing the Bitcoin so it means that the demand rate is decreasing these days sue to which is price dropped many times and finally reached at 5.8k dollar yesterday but today the price improved a little to 6.1k dollar back which indicates that market can go high in the upcoming days.

I just hope that the market will really have to go higher in value for the upcoming days to come. But how can we encourage other people to withstand on their emotions? In order to do that, stop listening to negative rumors and don't monitor blockfolio from time to time. We must encourage everybody to have positive mindset, for them to gain confidence despite of the falling market value. On this matter, I think this will help suppress the panic that has occurred lately which affected bitcoin price.