What Factors Decide The Price Of Bitcoin? Demand, Production, & Media
Bitcoin’s decentralized nature drives it apart from the traditional factors that affect other financial instruments in the macroeconomic scenario. Monetary policy, inflation rates, etc., do not affect the previous or current BTC price. Bitcoins can rather be compared with commodities, and it is used as a commodity to store value. Bitcoin’s price factors are multiple, mainly: […]
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The luxury Italian sports car, Lamborghini, otherwise referred to as the “Lambo” has become a ‘holy grail’ for some cryptocurrency enthusiasts. As ridiculous as $200K+ automobile may sound to some individuals after bitcoin’s rise in 2017 that dream is now attainable for a lot of early adopters. Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners […]
The price of bitcoin has seen some corrections over the years, but really there have only been a few deep cuts. With the bearish dips in price over the past five weeks it’s always good to look at the historical view of value drops and the long-term achievements of the cryptocurrency economy in general. Also […]
You might have heard about this bitcoin thing; it’s been in the news a lot. Something to do with it passing $8,000…no $9,000…no, wait, where are we now? It’s hard to keep pace. No one knows where bitcoin will be a day, week, or year from now, but at this moment in time, bitcoin is […]
The price of bitcoin has crossed the $9,000 USD zone across global exchanges on November 26, 2017, at approximately 10:40 am EDT. Earlier this year, bitcoin’s meteoric price rise had crushed those who believed it would tank when it passed $2K, and has continued to exceed some of the more modest expectations. See also: New Trading […]
On September 15, after a couple of Chinese cryptocurrency exchanges announced they were closing, bitcoin’s price dropped to a low of $2,970. Following this dip, BTC trade volumes began to surge as the price per bitcoin rose over $600 in less than an hour and during the course of the afternoon bounced back to a high […]
The internet is replete with people referring to bitcoin as a “bubble.” They are spreading fear, uncertainty, and doubt galore. They believe bitcoin’s high price spells impending doom, but their criticisms move beyond mere skepticism. It seems like they just hate cryptocurrency. Yet many of these pundits do not fully grasp bitcoin…or even economics. Also […]
