Ninjastic
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Board Speculation
Re: What effects the bitcoin price?
by
StarofBTC
on 30/06/2018, 06:45:43 UTC
Quote from: kuncimobil on June 26, 2018, 10:45:44 AM
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.

I think that's some of the reasons that affect the bitcoin price in addition to the fact that bitcoin is a crypto currency that has a fluctuating price character
In my opinion the reason that you mentioned here are correct and due to these factors the price of bitcoin takes effect. Some decisions are for the growth of bitcoin like Australia announced that they legalized bitcoin which is good for bitcoin investors in Australia and some countries banned bitcoin and Altcoin which is bad for bitcoin growth. Manipulation is also a problem in the way of bitcoin success.