hi all steemian friends all good night and good night rest. according to the topics and titles that I will discuss this time why the price sbd can continue to rise even if down can be drastic. I was also still confused because of the situation but I also still do not have extensive knowledge and do not know much about it.
I will try to discuss about it but I also need a lot to learn to know more about the influence that influenced the rise and fall of sbd graph.
sbd is also the same as deposit interest is everyone's dream. It would be nice to earn more money just by investing your money on an investment product with very low risk. Without the need to control the investment, you can benefit.
It's just that there are times when the interest rates on deposits can go up and down. Similar to the stock market whose price can always change. What factors influence the price change?
Based on the research result of a journal entitled Factors Affecting the Interest Rate of Time Deposits at Commercial Banks in Indonesia (Almilia, L. S. Utomo, A. W. 2006) it is concluded that there are 6 factors that influence the change of deposit interest rate.
Here are some products that influence the rise or fall of deposit rates:
1. Bitcoin volume is still small
The determining factor is supply and demand. That is, if many users who make a bitcoin purchase then the price will be rising up. Vice versa, if many are selling bitcoin then the price will decline.
Based on data from blockchain, the current volume of bitcoin is still small. This is what causes bitcoin prices to rise or fall drastically when there is a sale transaction and buy bitcoin with a large volume.
2. The existence of Bitcoin Trading
The more phenomenal bitcoin, so no wonder if many who wrestle profession as a bitcoin trader. This is the factor of rise and fall of bitcoin prices significantly. Traders will buy large amounts of bitcoin at a low price then store it for some time, and will sell it when the price is high.
The result is when the process of buying, auto prices will go up and the price will come back down when the process of selling bitcoin. Plus, users who use bitcoin for other purposes are still few when compared to users who use bitcoin just as trading.
3. Good and Bad News About Bitcoin
News is one of the factors that influence the price movement significantly. Bitcoin users who hear negative news about bitcoin, will feel panic and end up selling their bitcoins to secure assets. The impact, bitcoin prices will drop because of the sale of bitcoin on a large scale.
Vice versa, if there is positive news about bitcoin then many users who make buying transactions. Of course with the purchase of bitcoin on a large scale impact on drastic price increases.
4. Bitcoin Investment Fraud
The rise of investment fraud using bitcoin currencies makes bitcoin prices plummet significantly. This is because users will sell the remaining bitcoin they own shortly after the investment fraud occurs. Usually this happens to those who still do not really understand the potential of bitcoin.
The bitcoin price briefly rises when the user buys bitcoin to allocate bitcoin through an investment firm that accepts payments using bitcoin. However, when the investment is scam then automatically bitcoin prices again dropped.
5. Hacker's Crime
The issue of hackers is also the decisive factor of fluctuating bitcoin prices. Investors, traders and bitcoin users will experience panic when there are parties who lost a lot of bitcoin because the hack. Because of the panic will increase the sale of bitcoin in bulk.
These are some of the factors that affect the price of bitcoin in general. By looking at these factors then you will understand about the fluctuating bitcoin.
quite so ya friends according to what I know the rise and fall of bitcoin prices and sbd if less please be added because I also still need to learn a lot of profit to know more in that
That is all and thank you
