Sentences with phrase «driving prices of bitcoin»

A recently published academic paper in the Journal of Monetary Economicsfound that a single trader likely drove the price of bitcoin from $ 150 to $ 1,200 during a two - month period in 2013 on the Mt. Gox Exchange.

In the upcoming months, an increasing number of institutional investors and retail traders in Japan and South Korea will drive the price of bitcoin to all - time highs.

Then, there's all the bitcoiners» FUD: «Here comes Wall Street to drive the price of bitcoin down, manipulate the market and ruin it for us!»

The halving on 9th July was preceded by speculation that the event would drive the price of bitcoin to new heights.

Bitcoin experts speculated that Brexit concerns drove the price of Bitcoin to new highs before the vote.

Firstly, the bad news that drove the price of Bitcoin down, notably, the regulatory pressure, seems to be fading.

That interest further drives the price of Bitcoin.»

Not exact matches

Just last month, another unfounded rumor about Amazon's acceptance of bitcoin drove up bitcoin's price immediately.

But rather than a growing use throughout the financial sector, it seems growing public awareness of bitcoin is what's driving the price surge.

An increase in trading volume on Chinese markets has been seen as driving much of the most recent gains in Bitcoin's price.

Details of Kobayashi's transactions published earlier this week indicate that the mass sell - off was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump.

The last Scaling Bitcoin conference drove down the price of bitcoin as the trading community saw a lack of progress in reaching consensus on the block size Bitcoin conference drove down the price of bitcoin as the trading community saw a lack of progress in reaching consensus on the block size bitcoin as the trading community saw a lack of progress in reaching consensus on the block size debate.

Bitcoin Cash, which forked off from Bitcoin in July 2017 is not even one year old - but has gathered a massive community of supporters who have been pumping huge volumes of money into the platform, helping drive the currencies prices.

There is also no scope for a bitcoin miner to ramp up production in an attempt to price out competitors by driving down the value of bitcoin, as is possible with gold.

Bitcoin speculators have driven significant price volatility, reducing Bitcoin's utility as a medium of exchange.

Bitcoin price suddenly shot up from $ 6800 to $ 8300 over the week - which drove the entire market into a process of recovery.

It might go down slightly, because miners can no longer drive up prices by hoarding 100 % of the bitcoins they mine.

It's unlikely that the degree of adoption so far however has driven it to this level, and the fact that bitcoin can be broken up into very small chunks means that the big boom in price of individual bitcoins causes the demand - side pressure from the actual use of bitcoins to be alleviated (as there is now 1 / 10th the demand for bitcoins from people who use them for non-speculative reasons).

He continued to point out that further regulation and normalization of Bitcoin «in the US, China and other markets may drive prices even higher in the coming years.»

Although some have attributed the rally to the election of Donald Trump, Thomas Glucksmann, Head of Marketing at Gatecoin, a regulated Bitcoin and ethereum token exchange based in Hong Kong, says there's more to it than that:, «With Japan officially regulating Bitcoin exchange activities, a swarm of institutional players in the country have flooded the market with liquidity, driving prices higher and ensuring that Japanese yen dominates the lion's share of Bitcoin trading worldwide.»

Critics of the two companies, most prominently the blogger who goes by the handle Bitfinex'd, have claimed that Tether had been printing tokens out of thin air to drive up the price of bitcoin on the exchange.

«Large holders sold at a high price driving the price down on the back of FUD about the «Tokyo Whale» about to dump 160k more Bitcoin because he's been recklessly selling using market orders.

These uncertainties are driving down the price of Bitcoin.

Progress in Bitcoin scaling discussion, miners agreement on SegWit adoption, rising global awareness of Bitcoin and the increase in the interest of institutional investors all drive Bitcoin Price to all - time highs.

With the new supply of bitcoin halving, this could also drive the price up.

However, with the ballooning prices of Bitcoin driving the crypto sector, Litecoin has seen some pretty substantial growth itself.

Richards feels that the «substantial increases» in prices of Ether and Bitcoin was powered by «speculative demand» driving factors along with their usage in ICOs (Initial Coin Offerings) which is a coming - of - age fundraising method being used increasingly by startups.

«When Coinbase's customers» trades were finally executed, it was only after the insiders had driven up the price of BCH, and thus the remaining bitcoin customers only received their BCH at artificially inflated prices that had been manipulated well beyond the fair market value of BCH at that time.»

This implies that futures trading has been driving up the price of bitcoin and might continue to do so.

While none of these factors are confirmed as the main reason for driving Bitcoin prices, the cumulative effect of these gains has made cryptocurrency more popular in October than pumpkin - spiced lattes.

Bitcoin's price surges past $ 9,000, its fastest thousand - point milestone ever, as «fear of missing out» drives investors https://t.co/avmjmO6Wqv via @srussolillo

Analysts indicate that bitcoin prices are further receiving support from a handful of macroeconomic developments that have helped drive market participants to the digital currency.

Few would realistically argue that bitcoin will service 100 % of even these silos in the near term, but the volume / supply ratio is the starting point for understanding bitcoin price — as more consumers or organizations choose to use bitcoin, increased volume will drive the price up.

You could interpret the price increases as reflecting increased optimism about the future volume of transactions, driven by China implicitly signaling that it will allow bitcoins to be used for commerce there.

This dynamic is obscured by the fact that investments in mining hardware have driven GHs / kWh up relentlessly over the last few years, so difficulty rarely declines with bitcoin price, but the dynamic still applies: the price of bitcoin determines the cost of mining.

At most, SegWit is a short - term supposed solution that will not create the velocity of use needed to drive up the market price of bitcoin to its highest potential, while SegWit2x will only modestly increase the block size to 2 MB.

In addition to the possibility of an inside job, the study also notes that an early Bitcoin adopter could have artificially driven up the bitcoin price via a security vulnerability on the exchange in an effort to increase the value of his or her own hoBitcoin adopter could have artificially driven up the bitcoin price via a security vulnerability on the exchange in an effort to increase the value of his or her own hobitcoin price via a security vulnerability on the exchange in an effort to increase the value of his or her own holdings.

Data from Bitcoin Charts shows the price reached a low of $ 451.10 on 13th February, a figure that was less than its 18th December low of $ 455, when prices nosedived on the news that China, the market then responsible for driving bitcoin price growth, would be severely limited by reguBitcoin Charts shows the price reached a low of $ 451.10 on 13th February, a figure that was less than its 18th December low of $ 455, when prices nosedived on the news that China, the market then responsible for driving bitcoin price growth, would be severely limited by regubitcoin price growth, would be severely limited by regulation.

This was satisfactory in the early days of bitcoin, as global price discovery was the driving requirement - but now there is a growing need for in - country exchange transactions, due in part to prevailing regulations.

There are a lot of unique factors driving BCH prices up as bitcoin itself dipped, stabilizing around $ 6,544 per BTC by Monday.

The impending launch of ETFs will drive speculation of Bitcoin price.

Regardless of which factors are driving bitcoin's price movements in the near - term, these fluctuations ultimately come down to supply and demand, Enneking noted.

«There is enough evidence to suggest that the ability to effectively short the price of Bitcoin will drive the price downwards and correct (it),» he pointed out.

Both have their own advantages over their traditional alternatives, but the real driving forces behind bitcoin's development are rarely discussed — the conversation hangs largely around bitcoin's price, and whilst that is an exciting topic, it does not inspire those who are truly interested in the power of

The price of bitcoin continues to drive higher as the decentralized currency's value has reached a high once again this week, touching $ 6,915 per BTC on November 1.

Since it only takes a few big players using a similar strategy to drive the value of Bitcoin up or down, when an opportunity like this presents itself (a hardfork), the price of Bitcoin may not reflect the true value of Bitcoin.

The piece's author, Wei Liang, even hints at possible insider trading, suggesting bitcoiners with a large amount of bitcoin manipulated investors to fuel speculation and further drive the cryptocurrency's price up.

Because there are multiple people like Randy who have a relatively large position in the Bitcoin market, when these people decrease their position in Bitcoin to an amount that they are comfortable owning during a bear period (and that number may be zero) their collective ask offers are capable of creating a sell - wall that drives down the price of Bitcoin.

The disappointing price performances of the cryptocurrency markets in January and February have apparently driven many bitcoin traders to avoid checking on their exchange accounts.

Among other things, it appears that China is a big part of the engine that drives the Bitcoin price.