Ninjastic
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Re: what could cause bitcoin prices to go up and down?
by
KingdomHearts
on 02/10/2018, 08:18:19 UTC
Quote from: drachman on September 29, 2018, 02:25:42 AM
Quote from: Boys27 on January 27, 2018, 03:46:12 AM
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  Huh
Everything affects the price of bitcoin so to try to guess which factors are going to be more important or more influential during a specific amount of time is just a waste of time, why do you want to know what affects the price of bitcoin, that is not going to tell you at what price is going to trade today or at what price is going to trade tomorrow?
Price movement is controlled by the demand rate as much as the demand rate increases the price of Bitcoin also act in the same direction. On the other hand if demand rate decreases the value will also follow that direction and will drop.

As long as investors hold their coins tightly till high market and leave this perception of selling for small profit then they will successfully reach at bull market where they can sell for huge profit.