Re: What effects the bitcoin price?

Quote from: LuciferEveningStar on June 30, 2018, 10:19:06 PM

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.

Every news can actually affect the prices in the market either it was a fud or government decisions because investors are always waiting for the speculations so obviously the traders will change their mind depending if it was a good speculation or bad.

and if there is any bad news that comes out, I think there are people that waiting this moment because they know that this will makes the price is down and even it's down too deep. they will make an order buy at the low price and perhaps, they can buy much of bitcoin because I am sure that they will prepare much money too.