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.

These days I would not consider news as a factor that actually affects the market than FOMO and FUD. This market is highly speculative in nature and it is not like it is being used by many in real life as a currency which makes us to even remove the real demand and supply out of the equation. As far as I am concerned, manipulations by whales, traders trying to do their thing by spotting the movement, and so on are just the things that are driving the market as it is.