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MyThoughts

What determines Bitcoin rise or Bitcoin fall?

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Because bitcoin is not regulated by the government, so in my opinion what determines the price of bitcoin is supply and demand. If there are many people who buy bitcoin, the price will automatically go up


 

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On 10/5/2019 at 12:38 PM, MyThoughts said:

What do you think, what determines the rise or fall of Bitcoin?
Could Bitcoin fall be the result of so many people buying it?

Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other.Therefore, all users and developers have a strong incentive to protect this consensus.

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I think bitcoin will rise and it is already rising slowly I think it will still much longer. we should hold and we should not sell now.

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The 24 hours high and low is something that's clearly shown if the bitcoin if it rises or it fallen, because you will be know the currently price and its 24 hours change

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The fall in Bitcoin I think is that more and more adopters want to buy and fewer people will sell it, which is a factor in the bear market.

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Basically,price of bitcoins can be determined by the demands of people. The more who bought it the higher price but the more who panic and sell it it make the price drops.

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The main reason behind the rise of bitcoin price and fall in its price is its investment the more of investment will increase the price of bitcoin and the less investment will reduce the rates of bitcoin so if you want high rates of it then there must be increase in its demand and investment. 

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On 10/5/2019 at 12:53 PM, MyThoughts said:

What do you think, what determines the rise or fall of Bitcoin?
Could Bitcoin fall be the result of so many people buying it?

I think it only happen for market volume. If there any fund remove from the market then we see market crash. And add some fund on the market make bitcoin price rise up. That's how it works.


 

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Well its all depend on public demand. If bitcoins demands are high then its price rise and when its demand is low its price falls. But bitcoins value are increasing every year and this year its worth is o er 10k USD per bitcoin. Bitcoins also dominates tge 63% of crypto markets in the world.

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Bitcoin's decline and rise is affected by many factors, including supply and demand, and is affected by whales, and manipulation, and is affected by market volatility .. And others

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The price of Bitcoin depends on the fundamentals of supply and demand. There are many factors that can manipulate both supply and demand and make the price of Bitcoin move into different directions. I.e. it is manipulation if a few whales that hold most of Bitcoins in trading circulation co-operate and stop selling for a while. Price will certainly be higher. But if noone follows with buying Bitcoin then they fail and price will have to go lower again. So the "invisible hand" of the free market will once again set the correct price by moving it lower. Economy works like that. Then there is marketing that will push adoption and help with demand. We see what ads in google/facebook etc did in 2017 and this was also the reason ads for crypto were banned by these services. Marketing is a tool companies use to make demand rise and consequently their profits.

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I think the price of Bitcoin is determined by the supply and demand of Bitcoin.  When the demand for Bitcoins increases, the price goes up and when the demand goes down, the price goes down.

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The cryptocurrency market is strongly influenced by news and politics, when the Chinese president announced the adoption of blockchain technology, the price of bitcoin rose to more than $ 10,000 within one day and then returned to the gradual decline until it reached approximately $ 6,400 and then rose back to $ 10500 due to the approach of the halving, but the effect of Corona on China and the global economy made the market heavily affected and retreated to record today a new low price of $ 8,400

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On 10/5/2019 at 12:23 PM, MyThoughts said:

What do you think, what determines the rise or fall of Bitcoin?
Could Bitcoin fall be the result of so many people buying it?

Hello my dear friend. As a newbie in the cryptoworld i dont have much idea about it. But as crypto currency is decentralized so no one control it. So i think the market supply decides the price. 

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Most likely the opposite. If so many people start selling bitcoin, then the price will drop. If Bitcoin is bought, the price will rise. 

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On 10/5/2019 at 12:53 PM, MyThoughts said:

What do you think, what determines the rise or fall of Bitcoin?
Could Bitcoin fall be the result of so many people buying it?

There are many things that determine the price of bitcoin. One of the most and big reason is manipulation. Whales manipulate the crypto market to get more profit.


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the price of bitcoin is affected by the rules of supply and demand and this is why the price is so dependent on the position of the economies in the world. For example, when there is a lot of bitcoin available in the market the price of bitcoin will be low to encourage people to buy the excess supply. However a smaller supply will result in a higher price if the demand is high.


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Clearly artificial falls as well as the rise depend on those who have a large number of coins this is manipulation. There are also external factors such as bad news, creating fake news to spread panic.

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Beside demand and supplies, I think news and what going in the world like crisis, corona virus and stuff like these are having a part in influencing crypto 

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On the contrary, its rise is linked to a large number of buyers, which increases its price inflation. Also, as I read from one of the articles published in the forum, the number of transfers that take place from one portfolio to another and between one currency and another also contributes to the growth of its price.


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On 10/5/2019 at 2:53 PM, MyThoughts said:

What do you think, what determines the rise or fall of Bitcoin?
Could Bitcoin fall be the result of so many people buying it?

In every business there is a thing called supply and demand. I think that supolay and demand is the one that determinies the rise and fall of bitcoin and every other cryptocurrencies in this world. The prices can go up and it can also go down. 

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Nothing can determine the movement of bitcoin, bitcoin can rise or fall in price due to some events that happen worldwide, but as the same as whales in action

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