Quote from: Sim_card on Today at 08:22:45 PM

Quote from: Samlucky O on Today at 05:49:40 PM

Quote from: Salahmu on Today at 04:27:15 PM

Quote from: Pi-network314159 on Today at 03:44:45 PM

1 demand and supply 2 market sentiment 3 rumor
4 media and news 5 regulation

and the number 5 which is regulation, falls under government or politics that affect bitcoin. in which ever way you guys put it politics have a role to play in bitcoin growth not saying it as if you are not sure.

However even the five factors you believed has influence on Bitcoin growth actually had nothing to do with politics and also we know that market is all about demand and supply but in terms of media I don't think it has any serious effect on Bitcoin because Bitcoin is not any kind of coin that would possibly be manipulated by media influencers however on the aspect you mentioned Rumors I don't really understand what you meant by that.

@Salamuh I think what pi network is saying is true demand and supply is not the only thing that drive bitcoin adoptions or increase or decrease bitcoin growth as the case may be, from my understanding the media influencers influences bitcoin decrease in a situation where by they mislead people in social media to invest in some shitcoins, in hope of getting a big return, motlsly in telegram, YouTube and other social media platforms and this cause a distraction making most bitcoin investors to move there fund from bitcoin and invest is scam projects and they lose in turn an cause decline in bitcoin. Emagine if an influencer distract an investors and they pull out 50000 numbers of bitcoin from the market, wount it cause a decline? And vise versa if an influencer leure people to invest 50000 number of bitcoin to the market wount it cause an increase? So surely media influencers have a role to play in bitcoin.

And rumours is more likely to function as social media influencers too. In rumour people get a wrong speculation about bitcoin like "there will be a sudden dip in price of bitcoin"predicted by some bitcoin analyst which might not be true and some fear minded investors will likely pull out some liquid from bitcoin and sell due to panic and I believe that surely this has a role to play in bitcoin decline in my own understanding and research.

And Morover politics/regulation has a big role to play too. Most countries today would have adopted bitcoin massively like El Salvador but due to government regulations and strick ban in bitcoin transaction has cause a decline in bitcoin adoption. Just like Nigeria government delisted NGN from exchange shows that they have a role to play and even if they decide that all exchange should delist all Nigerian fiat P2P it will clamp down on all. Government has place ban on bitcoin transaction in many countries and that has decrease people's interest in bitcoin investment/adsorption. So how can you say politics and regulations has no role to play. Why is El Salvador popular today ? Isn't it because of government regulations and making it massive for all?

Demand and supply is the major factor that controls the price of any commodity and the same applies to bitcoin. Bitcoin started growing from the scratch and got to this price because a lot of people have adopted it and the demand increases while the supply decreases every four years during the halving.

Other factors are minor factors and they are short-term but demand and supply is are long-term factor.

Quote from: AirtelBuzz on Today at 05:45:49 PM

Quote from: Kliss on July 21, 2024, 11:43:58 AM

Investing in Bitcoin is not risk free especially to investors who do not invest appropriately with the right approach and strategy, and also not sticking to their investment plans (long-term).

I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly. This is the picture we see in the cryptocurrency market.
However, although the investment involves risk, the level of risk in Bitcoin investment is relatively low. The risk level of Bitcoin investment is low because investors buy and hold the currency for a long period of time by buying and accumulating small amounts in what we call the Dollar Cost Averaging method. If you want to earn substantial profits, investing in this method requires you to plan to hold the investment for a long period of time.

In addition, DCA limit the risk in bitcoin because it gives you the opportunity to buy bitcoin at various price interval, and very easy to implement. Since DCA is done with our discretionary income, it means that even if we lose that money it does not matter to us because bitcoin price might go against us and that will not be a problem. However, the odds of bitcoin price going against us is low and that is why one need to invest regularly and consistent as a new investor using DCA for up to 4-10 years and above because long term investment is the best.

The DCA strategy is absolute unique, being applied with no chances of affecting one's cost of living. Much is not expected to be wholesomely invested, it goes with little fractions that later on builds into bigger portion of what becomes in our portfolio. Maybe not just the DCA alone I have also learnt a few other strategies that can aswell be compiled with the DCA method to achieve greater results.
Investing in DCA method seems to me to be a simple and recommended strategy. There are many of us who cannot afford to buy a large amount of bitcoins at once but buy bitcoins in fractions through this method. Those of us who invest in the Dollar Cost Averaging method have a specific goal in mind which is to invest in Bitcoin with whatever money we have left over excluding our necessary expenses, be it monthly or weekly. There are many investors or members who regularly invest in DCA method. By investing in this way we can grow our investment portfolio if we do it patiently for a long period of time.