Ninjastic
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Board Economics
Re: Factors that affects the value of bitcoin...
by
Reagan_alvaro
on 03/07/2018, 15:08:52 UTC
Quote from: kidd07 on June 22, 2018, 01:54:23 AM
Quote from: 19spawnfeed on June 21, 2018, 03:35:41 PM
Quote from: Jamescur on June 20, 2018, 02:08:17 PM
The attitude of the government and the law to Bitcoin has a great influence on this.
Hacking (hacking), although this is not a definitive factor, once Bitcoin is stolen, especially at a certain exchange, many Bitcoin players lose confidence in Bitcoin and form a sell-off.

There's a big factor that affect to the bitcoin price if people are lack of knowledge through cryptocurrency and they really don't believe that the bitcoin will never be crash. Panic selling is one of the factors that affect to the bitcoin price. They do panic selling because they are afraid that the bitcoin will going to crash. The negative news and FUD that poisoned the mind of the people to do panic selling and dumping the bitcoin price.
For me, the factors that affects the value of bitcoin is determined by the demand and supply by the investors. The continuous threats of hackers of bitcoin will definetely change it's value in the market.



I think highlighted is the emergence of new competitors, the pointer other way cryptocurrency new injected into the cryptomarket, will not be a long time when bitcoin will have a competitor serious and may affect the value. but until then bitcoin still a cryptocurrency best of the most important is the policies and the law of the government. many government not buy the whole idea of the reasons bitcoin because he is discouraging value for money paper, so they try to make a policy that affect the market.