ExtraLicense - Buy, Sell, & Trade Your Licenses

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

What usually affects the price of cryptocurrency?

Robertoo

Well-known member
I have always keep wondering what are the factors that always makes the price of cryptocurrency to go up and down in a very erratic manner? Does inflation affect the prices of cryptocurrency or just regular news?
 
I think how much a crypto currency is trading with by the buying volume or selling volume Influences the price and sometimes the owners of the crypto currency could decide to reduce supply and increase liquidity or just outright burning it off.
 
Before I used to think that I know what affects the price of cryptocurrency which is the demand and supply rate in the market as well as world news but now, I'm no longer sure. This is because cryptocurrency have gone so down the dive and it's still going.
 
Top