Bitcoin Forum

I am a total newbie to this forum and don't know very much about crypto currencies.

What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?

Supply and demand is one factor, but here the bitcoin is not like other currencies, it is not regulated so the supply and demand doesn't impact it that much. Major trading is one of the major factors that determines the bitcoin price. There are other factors too, technological advancement which can only be accessible with bitcoin give bitcoin a huge boost. By technological I mean that you can save your money in your PC and this is a big advancement in technology. This only is reason enough for the price of bitcoin to be up or at least a bit more than gold.

First of all welcome on board, trust me you will learn a lot here. Spend some time in reading the topics, posts and do use that search box from the upper right corner.

Now coming back to your topic, Mining/difficulty etc factors affect the supply and it has nothing to do with the demand directly. The main reason of price fluctuation is the relation and volume of demand and supply. It is directly related to each other so when demand rises the price rises and vice versa. Any news or incident can affect the demand and indirectly the price of Bitcoin (eg - recent fork). Now Bitcoin has grown so big that the movement of traders don't affect the price of it because there are normal users and long term holders which keep the demand intact even if traders are highly selling it.

You forgot about the fact that mining difficulty increases over time and this results in the need to get bigger mining rigs and hardware and makes it harder to acquire Bitcoin in general which leads to the price increases like we are seeing today.

i don't think that increase in cost mining bitcoins is proportionate to increase of bitcoins price.

what really amazes me is the recent volatility of bitcoin, the price is changing plus/minus hundred of dollars within single day.

I think bitcoin market is not that huge (yet), can there be some "shadow market makers" manipulating the price and making huge profits from this crazy volatility?

To understand how the price changes you have to understand how exchanges work. Only a small fraction of all coins in circulation are deposited on exchanges, and an even smaller fraction is being traded regularly, so most of those price movements are due to a small percentage of coins being traded. That is why the price can change only by a small percentage in a given time and it moves in waves.
When something happens in the world, like a country accepts BTC or there's a fork, like the one with BCC, traders react first and you get first wave. If that wave is big enough or the news significant and proven, investors will start moving money to exchanges to buy or coins to sell and start another wave. What affect the price the most is news.

It is the demand that affects the price of any cryptocurrency. Same as in Bitcoin wherein its market value depends on the market's demand. Bitcoin at this moment is expensive, which means it is now, in demand. And anything that is in demand will have a high value. It's a matter of supply and demand relation. The size of community will also count. Bitcoin is still the best cryptocurrency because it has a bigger and larger community compared to other cryptos, which also made its price, high.

The major factor that make bitcoin fluctuation price is because of high demand in the market but limited supply. Mining can affect the supply of bitcoin because it depend on them how many bitcoin are they mine in a day  in order to supply a huge number of users and investors.
Today's bitcion price attract more investor because their is a big chance for them to a big profit in return. And if still there is a lack of supply probably it will continue going up.

Bitcoin prices are determined in absolute terms by supply and demand. If someone buys or sells Bitcoin in a big price, then the price will move in the extreme. Bitcoin price volatility will be dampened if more and more Bitcoin users are scattered and the number of Bitcoins scattered is also higher.

Currently there are positive news about bitcoin all over world which create more demand for it, and since the demand has become so high the holders becomes skeptical about whether to sell   or not and if we are to sell it should be on the higher side. That is to say, the demand for Bitcoin is higher than the supply of Bitcoin and that makes it price to go up.

The factors that affects Bitcoin's price, in my opinion, is the market's demand and the size of community Bitcoin has. All cryptocurrency depends on the demand in terms of their market value, and Bitcoin is a cryptocurrency ,so it also does. The size of its community will trigger the demand. The reason why Bitcoin remained the no. 1cryptocurrency is because of its big community that also made its demand high.

In my opinion, the factors that most affect the bitcoin price are demand and supply, just like the other friends' opinions. Limited supply of Bitcoin, and the decreasing amount of Bitcoin produced every 10 minutes making bitcoin prices higher. Besides that the number of bitcoin enthusiasts is increasing

It is all about what you have said, the supply, demand, difficulty in mining, transaction fee and the other issue in bitcoin, but whatever it is, it could affect the peice of bitcoin in a good way or in a bad way, for example is this SegWit activation, since this has been trashed by the people who supported bitcoin.

This SegWit warning caused a huge dumped, that is why there was so many people who sold their bitcoin in a low price, worrying that they could lost their profit if they are not going to sell it, it was like a big whale, then caused a huge pump price after this, and I know many people regretted their action when they sold their bitcoin on a low price.

Well the main factor is the supply and demand of it. When the demand increases the price increases also. So it is directly proportional. And for the supply, it is also involved for the growth of bitcoin. If the market cap is so high so as the price of it will also go high.

For me I think the supply and demand , just like in economics class, if the demand is high the supply was shortened and producers raise its value so that they can get more profit than how it should.

Is the fact that between mining difficulty and transaction fees have a relation? We've seen the bitcoin take a new ATH this week, but then, users are talking about the transaction fee also increase that must they pay for every transaction. Do you think there a relation between both things? more higher the bitcoin price, the lower the transaction fee, why doesn't like this.

Absolutely, In my opinion,the news was made intentionally and unintentionally, but it could affect the price. Like we've see right now, the good news about bitcoin are more often to show than a bad news, So it makes a wave that affect the bitcoin price to climb up. if both are showing together and have it balanced, that will affect the bitcoin price stay still or stable.

One of the major factor in bitcoin price is it is a limited coin so does the smaller the stock left the higher the price will be. And also it is the faith and hope of the people that bitcoin is a better currency than fiat.

Usually the significant influance cause different major events like SegWit. But on short periods you can also see how market reacts on different exchange hacks, spam attacks and any other technical issues of any large service.

you are asking a very general question and it is different for altcoins.
for bitcoin it is currently based on supply and demand. the supply is not changing so it is the growing demand that changes the long term price.

for other altcoins depending on the size of their market and many other factors like if they have a pre mine or ICO,... they act differently. for example a small market there can easily be manipulated so it no longer is "supply and demand" it is what the manipulator says it is.
things like mining can affect it too. for example when a coin is profitable for mining, many will start doing it and while mining they will also advertise the coin and increase its popularity because their investment is at risk!!!
but also when mining reward is ridiculous and big it can cause a big sell pressure not letting price go up.

The recent rise of price in bitcoin one the reasons of it is supply and demand the higher the demand the higher the price will get that's is why the price is increasing but in bitcoin crypto currency you can expect some crazy stuffs like the price leaping forward to newer highs. One of the reasons of this it's because it's great features that lets you send payments securely in other words anonymous without giving away your personal info and and also segeit getting activated bitcoin can be once again be used for micro-payments.

Same thoughts. Supply and Demand is one  of the thing that may affect the price of a bitcoin. Bitcoin is mined online and sell online. Just like a piece of gold that can have a high price if the supply is lower than usual and have a high demand.

One of the definite answer would probably the supply and demand. It is simple. When the demand is high, bitcoin automatically price up, well just like anything under the sun. When customers tend to seek for bitcoin it has its idea to price up and when nobody does it goes down just like a sale on any mall nearby. It is the same with any other product on the market. Sometimes long term users tend to sell their bitcoin as a return of investment for them that's when bitcoin is also priced up.

will give different answer, in my opinion what affect bitcoin price maybe the news. good news means price rise and bad news cause bitcoin get dumped. some people still believe news and sell/buy this coin because of it. same with another cryptocurrency

Yes, news is very important. Most recently, we heard news that bitcoin will be divided and this greatly influenced the price. I think it was a few hours when the price dropped to $ 1,800. But soon people realized that there was no danger and the price rose sharply upwards

I think that the group of people who buy bitcoin has evolved.
In the early times there were the technical interested people and the traders.
Both groups bought bitcoin and sold it again or used it as payment.
Now normal people join who want to make investments. And they do not sell.
Their plan is to keep bitcoin for a long time. And I suppose plenty of ordinary people went in bitcoin during the past months.

Fixed supply and high demand, no other strong factors other than that.

But what is the reason make Bitcoin have high demand? I think because the value of it higher than other cryptocurrency on market and have old age than other crypto.

Expected Bitcoin value may suddenly change: Bitcoin has gold-like properties. The maximum number of bitcoins extracted is fixed at 21 million. When a local currency of a given country seems to be at risk, investors may decide to place some of their funds at Bitcoin, thus raising the exchange rate (vide the situation in Cyprus). The same holds true for gold, which is seen as a safe investment, not necessarily profitable but stable.

it happen so many times people like tiny fish who follow what the news said, when something bad about bitcoin, the price will dumped fast, but if nothing happen the price rise back and stable

A lot of factors may affect bitcoin price, the environment of course but supply and demand could be a main reason for its price change.
Bitcoin nowadays is already known by most and many are having investment with bitcoin but its supply could'nt enough to provide them. The more investor to come, price also will still go higher.

I think the fluctuation of supply and demand of bitcoin on online market is main factor that affect the price to change. In addition to that, I  guess the number of people who have or buy it is also factor that affect the price to change. Lastly, every time the price of bitcoin is always change and I think the reason is the fluctuation of supply and demand.

mostly major factors that is affecting bitcoin is come from supply and demand, without this, the price will not be like now and it will stuck on the lower price. the other thing that could give affected with bitcoin price is the news around us because something we are reading article that makes us confuse about the situations and finally attracting people to panic selling.

The main factor is the supply and demand of the people. The demand and the supply has really effect to the price of the bitcoin. The reason why the bitcoin price is now so high is because of the demand of the people.

to me i think that the fluctuation is due to the interest of the people, some time when people become interested in bitcoin the the price increase, but when they want to secure their position they sell and the price drops a  little. but this is a continuous process, but over  all the trend  of bitcoin is increasing and therefore currently people are trying to accept bitcoin.

Basically it is just simply supply and demand, may be there would be also some other factors affecting its price but the main factor is supply and demand. Value of a currency depends upon its circulation in the market and number of users, same as here when bitcoin have maximum number of users the price gradually rises but when the users cash out from the market the price will fall down.

Actually, there are lot of factor that affect the price of bitcoin. Furthermore, the fluctuation of supply and demand of bitcoin is one of the factors that affect the price to change. In every second, minute, and hour the price is change and Its because of the demand of bitcoin on online market.

Bitcoin is volatile and its price can get fluctuated a lot with the external and internal factors. External factors will include Investors, Fund raiser projects, Pumping groups etc while on the other hand Internal factor includes development on the blockchain technology, hard forks etc. The former is very important because investment is what drives the price of bitcoin up and down. With simple correlation, bitcoin is directly proportional to money invested into the bitcoin, if it is more per 24 hours then the price will start moving upward and vice versa. The later, development in blockchain is important because it makes bitcoin more easier to use or work with and due to that more investors are attracted towards it. So overall bitcoin is viable with these main factors according to me.

Yes mostly price of every trading assets including cryptocurrencies is affected by supply and demand.

Other additional factor includes ;
- Mining difficulty
- Manipulation from whales (large coin or fiat holder)
- Hype/Fud around some particular coin (like hardfork fear before august)
- Pump/dump groups (there are few telegram groups that pump/dump coin within few minutes)
- Private investor buying before announcement of big news.
- and many more it is hard to list all possible factors in few words...

The first, welcome to the forum. In my opinion, I think there are many factors that affect the value of Bitcoin and its price as high as it is now, with supply and demand being a factor but not all. I think the first factor is the multiplicity of Bitcoin. Bitcoin has a lot of functions and uses, Bitcoin is used as a currency, Bitcoin as a means to store and trade value, it is also considered as a tool and commodity market. Bitcoin technology also has a bit of influence, the blockchain network uses modern technology to make it easier for people to interact with each other. The speculative market for Bitcoin price trading is quite large. Bitcoin's performance as a market instrument is breathtaking and it is considered a super-commodity and of course it will attract people and push the price up. This is only my opinion, hopefully it can help you understand bitcoin as well as crypto currencies

Bitcoin is still a relatively small market compared to the actual potential it can achieve, so it does not require a large amount of money to drive up or down market prices.
When demand for bitcoin increases, prices increase and as demand falls, prices fall.

Wah, so it is not only influenced by demand and supply factors. Even from systems and investors also have a big effect on bitcoin prices. Besides that the amount of bitcoin is limited and is now a bone of contention.

to me i think that the interest of the people is the major factor which is influencing the price of bitcoin. in fact people are still interested in bitcoin and they are still trying to invest more money in bitcoin therefore there are more chances that the price of bitcoin will continue increasing for a long time.

News is the most important factor weather hard fork is going to happen or any major price increase has occured or any billionaire tweeting about that he is planning to invest. If that happens people will be aware that price will increase because he is investing so it will cause a demand effect

I think the major factor affecting the price of bitcoin to change is the fluctuation of supply and demand of bitcoin on online market. In addition to that, I think the number of people who have it is also the reason because some of them are still holding their bitcoin and I think they will sell it when the price is high.

The rise of Bitcoin is connected with people who buy. And if demand is high, it will naturally increase and if the demand falls automatically, the price that traders want is likely to happen for traders to buy cheaply and wait for price increases and sell expensive. So it's up and down. And it will only increase if there are good improvements to be laid out. As it is now due to bitcoins split the bitcoins nearly 2x increased to its normal price during the first month of the year. So it's really the reason I've come to know

With what as far as I know, one major factor that affects bitcoin price are the investors. Well if major investors give big investments then there will be big fund for bitcoin but if there were just few amounts that were invested bitcoin price would go down. But it's only from what I know. I'm not really sure if that really is a factor. Please let me know whether I'm correct or not. Thank you :)

There are many major factors are affect bitcoin. BTC mining and number of digital currencies. These are main reason for demand the bitcoin, lot of invester are buying the bitcoin due to increase the value of bitcoin. Many of the problems are create only the demand of bitcoin. Seller also affect the these types of problem.

good point! But why do you think like that

Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already limited in number and new bitcoin is made with predictable levels

I think the most important factor which influence the price of Bitcoin is the popularity and acceptance of Bitcoin. The more popular Bitcoin becomes, the more it's demand will increase and a high demand means a higher value.
More number of altcoins can also influence the price of Bitcoin. More altcoins simply means more competetion which can affect the prove of Bitcoin.

Government regulations and bans have big influence on the short term price. Big adoption news do the opposite.

News is one big factor in my opinion that can affect bitcoin prices. and for example today there is hardfork news we can see how the bitcoin price movement. very crazy

Yes as all people have been telling, the demand and supply have a direct affect on the bitcoin price. When you have a limited stock (the fact that there are only 21 million bitcoins and no more can be generated) the value automatically increases.
With increase in popularity of bitcoins the number of investors are increasing which affects the market price.
Also the value of dollar also has a direct influence on the value of the bitcoins.

Bitcoin rate and other currencies on specialized exchanges are formed on the basis of supply and demand, as it should be to any similar asset.However, due to the comparatively low total capitalization of bitcoin, the mass exchange rate of the crypto currency is heavily influenced by mass panic and major players.

How many people ask for bitcoin vs how many miners create blocks.

The factors that affect the cost of bitcoins are very various. Some of them are moderate yet very relentless, such as the gradually rising supply and demand curve.

Others are sentimental and violent, like the speculative trade, which influences the trading of bitcoins each day. Each time a government releases official statements about the regulation of digital currencies, the cost of bitcoin is ordinarily affected.

Bitcoin has a lot of influencers. One major bitcoin price influencer that works magic is media news about cryptocurrency. It can make a $20,000 worth of crypto to crash to $10,000 in 1 hour. It can still make a 50 cent worth crypto to rise to $10 in 1 hour.

Supply and demand is one of the factors affecting the price of bitcoin, national ban and social media reports may affect the price of bitcoin.

The two major factors affecting bitcoin is demand and supply. More and more people are beginning to see the benefits and potentials of bitcoin and as such more investors are coming in but those holding bitcoin are unwilling to sell. This makes investors offer higher prices and thus increase in price

I know supply demand is the most affect to bitcoin price because without demand bitcoin will not grow up.
But now what is affect to demand itself, i think thats news. News can make demand blow up and of course the price is following the demand.

Economic decision politics, and supply and demand affect the economy, the price fluctuation of bitcoin is determined by a number of factors, the main factor is probably the supply and demand situation.

The usability of the currency is one of the major factors in the future. Right now mostly speculation

News can be considered as a big factor on changes of bitcoin's price. Fake news which create FUD's and scare to people and do panic selling causes big dips to coins.

Price is always derive base on the supply and demands. If the supply is high then the price will fall and vice versa.
Price hike happened someone hoarding the btc then the supply circulating in the market is few.

Try to compare the price during holidays and regular days. Price of btc on holiday is more cheaper than regular days.

Yes! the law of damand amd supply play vital roll in determining the price of Bitcoin and altcoins and these are additional factors.
1.Regulation
Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected. Even if the actions of that government are not related to the virtual currencies directly, the impact will still be felt. A good example of this can be derived from the Cyprus banking crisis, where the government seized funds. This prompted discussions on whether Cyprus should adopt Bitcoins as their new currency.

2.Bitcoin network stability:Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.

3.Technological Changes and Innovations: Technological advancement and innovations also have the ability to influence the bitcoin price. For instance, the integration of bitcoins in PayPal’s payment system has raised awareness and stimulated a lot of interest in digital currencies among most people. Moreover, many startups have also started utilizing crowdfunding platforms which accept crypto-currencies, with Ethereum being the best example. Blockstream is another innovation that could provide added functionalities to bitcoins, which will in turn boost their overall value and price. The platform was started so as to develop new ways of accelerating innovations in these types of currencies and smart contracts.

one major factor that affects the price of bitcoin is its number of users and the total amount of bitcoin, we all know that tge number of bitcoin is limited ang because of its many users the demand increase causing the price to also increase.

I think it is the policy of all countries that influences the price of bitcoin, so the speculation will affect the price of bitcoin.

Let me name you two major factors that mainly affect the price of bitcoins. 1st off is supply and demand. Supply and deman usually dictates the price of bitcoins specially when there is a dump of bitcoins with lower price, then the overall price will decrease slowly; likewise when there is a demand, the price goes up, and then other sellers will follow the price point as well. Another factor that affects bitcoin price is the competition. A lot of competition may arise during bitcoin's stay, some present better features which may come at a better price. This may lower or even increase bitcoin's price by some margin.

Supply and demand are essential in all kind of economic system. From supply and demand, the problem is can be diversified to another section which is like the network stability, governance influence,etc. I'm sure despite Bitcoin is decentralized, goverment is still a big part of user, I mean many bitcoin user still relying on the goverment about Bitcoin legality because the didn't well-understood about Bitcoin.

No expert can give an accurate forecast about the currency fluctuations. This also applies to bitcoin. But they all agree on one And called several factors affecting on the fluctuations of bitcoin. one of them is the speculative factor. That is, the ratio of supply and demand. Another factor is the complexity of its production.Maintenance costs of equipment increase according to the increasing price of bitcoin.

Like all things, bitcoin  value is determined by basic demand.The value is determined by the free market, no central authority handle the price. bitcoin is limited to only 21 million tokens, and this create rarity.

Demand of bitcions is the first thing I think causes bitcoins price to rise higher. Again, network fees charged by miners is also another factor

There are basically two major factors that affect the bitcoin price which are the demand and supply. Therefore, whenever there is a high demand of bitcoin the price will get higher, and when it is low bitcoin price will fall. The bitcoin is very valuable today because it has a limited supply of only 16.7 million bitcoins in circulation worldwide at the moment, and the demand of bitcoin is higher than the supply.   
 

I am a newbie too, but somebody give me the link that explain what factors that affect bitcoin price. Here it is :

Topic: What major factors affect bitcoin price? https://bitcointalk.org/index.php?topic=2097964.0
Topic: Reasons Why Bitcoin Price Drops https://bitcointalk.org/index.php?topic=2290127.0
Topic: What determines the value of the bitcoin? https://bitcointalk.org/index.php?topic=26280.0

Two Factors Influencing Bitcoin's Price Right Now https://www.investopedia.com/news/two-factors-influencing-bitcoins-price-right-now/
Some Factors That Influence The Bitcoin Price https://totalbitcoin.org/some-factors-that-influence-the-bitcoin-price/
What are the major factors that affect the bitcoin price? https://www.quora.com/What-are-the-major-factors-that-affect-the-bitcoin-price

typically a supply demand scenario..

There are many factors that affect btc prices. But the most important thing is the number of buy or sell transactions, which represents the need to own and sell btc. This has a direct impact on the price of btc. There are also other factors, including the government's btc policies. For example, ban or apply btc in payment transactions.

Theres a lot of factors to consider like mining difficulty,tx confirmation,network congestion,FUD news?hardforks maybe but not like in the early days.

There are many different factors that affect the bitcoins price but here are some of the major factors that really affects the bitcoins price:

•   Supply and Demand of the Bitcoin
•   Handforks
•   Regulation of a certain country
•   Media/Social Media Influence

But i think the most factor that really affects the bitcoin price is the supply and demand of the bitcoin, the supply of Bitcoin determines the amount of units in circulation and thus its scarcity on the market this means that high demand and low supply often leads to an increase in the price.

1 bitcoin attention: the more people who know about bitcoin, the more attention they get, the more likely it is that bitcoin is going to rise
2 Use of bitcoin: The wider the use of bitcoin, the more likely it is to rise
3 Bitcoin Mining Cost: The lower the cost of bitcoin mining, the less likely it is for the transaction price to rise, and the easier it is for the opposite (and of course for the short term, as Bitcoin will always be close to completion)
4 Governments' Attitudes Towards Bitcoin: This is Plus The more countries recognize, the better, the more countries are blocked, the negative.

Supply and demand are essential in all kind of economic system. From supply and demand, the problem is can be diversified to another section which is like the network stability, governance influence,etc. I'm sure despite Bitcoin is decentralized, goverment is still a big part of user, I mean many bitcoin user still relying on the goverment about Bitcoin legality because the didn't well-understood about Bitcoin. Supply and demand are essential in all kind of economic system. From supply and demand, the problem is can be diversified to another section which is like the network stability, governance influence,etc. I'm sure despite Bitcoin is decentralized, goverment is still a big part of user, I mean many bitcoin user still relying on the goverment about Bitcoin legality because the didn't well-understood about Bitcoin.

There are different factors that affect the price of Bitcoin some are:

• Supply and Demand of the Bitcoin
• Peoples Involvement
• Government Policies and Influence
• Social Media Influence

There are a lot of essential factors in all kinds of economic system, starting from the supply and demand, peoples involvement which determine the power of a business to get to people's interest and attention, going to the government's policies and influence to it's people and as well as the influences brought by social media which is the most powerful source in this generation.

bitcoin price is reducing now and then because money people holding bitcoin for more profits and they holding other bitcoin related altcoin instead of trading.

A country's policy will have an impact on bitcoin.
The idea of control also has an impact.

As we have studied in commerce about deman and supply,bitcoin prices are majorly affected by it. Butcoin is a cyrptocurency and all cryptocurrencies depend on demand. Accoding to me bitcoin is too effecual these days and talking about the price it is fluctuationg a lot in past few months.

In the past bitcoin price gets affected when negative statements come out of expertise people who have invested into bitcoin. Other than this price manipulation happens when whales make large scale transactions. These day the regulations were the one that affects the bitcoin price.

The high market demand for bitcoin is a major factor that makes bitcoin value high but bitcoin is also created limited unlike paper money that can be printed at any time if it is exhausted. And I think this is a trick from Satoshi that deliberately makes bitcoin with a limited amount to keep the bitcoin priceless.

I have my own idea, based on my experience in the economic field.

The price of bitcoin I think is influenced by differents factors, the two main drivers are:

Bitcoin prices are determined in absolute terms by supply and demand. Despite the recent storm in the market, we are in the condition of high demand in a limited (and well determined) supply market.

Influence of media with negative or positive publicity - This is another factor that influences the price of the crypto currency. News play a role in the price of cryptos in fact the vast majority of people act on news. Media hype lead to increase in the prize, while negative news lead to decline in the price.

according to my point of view demand from the people is the main factor for the price of bitcoin or any crypto currency.if the supply is low price will increase with the demand.and also the government also another factor for price of crypto currency.we had that experience in past few weeks.if the government  increase rules and regulations it will affect crypto currency prices.and also social media also a another main factor.social media can hype any coin(even coins without any value) and increase price.

The factors which affects on price of bitcoin are
1) FUDs
2) Pumping and Dumping
3) Negative or Fake news
4) Major Positive news
5) Forks
6) Scams
All this are the reasons due to which the fluctuations in prices comes.

I think the major factor which affects bitcoin price is the legality of bitcoin, everytime some countries announced bitcoin illegal, we saw the price falling

Whales manipulating the prices. They use the FUD to sell out, because they know they will push the price far down, and when it hits bottom, they stack up and the price rises....

In theory anyways....

The major factor that affect bitcoin  most if all investor will withdraw there investment,by selling all there cryptos because of some implementation of ban in operation of cryptocurrency into there country,while the other factors that affecf the dropping or pumping of bitcoin price is the particioation  of whales or big players innthe world of virtual currency because maybe they can manage  or control the bitcoin price either they dump its price or pump,

Bitcoin is affected by the price of Bitcoin demand in the world market, but the supply is low. If someone buys or sells at a higher price then the price will go upwards. Trading is also the main reason for determining the price of Bitcoin. Moreover, people are investing more than ever before, this could be the reason.

I think one of the major factors that affects in bitcoin price is the availability of local bitcoin retail brokers  the supply and demand. Negative news from the media's is also can affect the bitcoin price because some people heard the fake news doubt to invest or buy bitcoin instead.

The main factor affecting bitcoin price is Volume And Bitcoin Distribution As the digital currency is still fairly young, Bitcoin voluem is still very small when compared to other assets such as gold, especially conventional currency such as US Dollar. As of Q4 2015, the amount of Bitcoin in circulation is only about 14 million, or much smaller than the US Dollar total of 1.3 trillion USD.

The supply and demand over bitcoin is a factor, as well as the maturity of bitcoin in the market. However, one factor that affects bitcoin's price stands out the most and that is it's high volatility rate. Because of bitcoin's high volatility rate, the price fluctuates like crazy and therefore makes bitcoin's value unstable.

One of the major factor why increasing or decreasing value of bitcoin is the supply and demand of the community. Second is the regulation enforced by the goverment for example japan legitimates bitcoin in some stores thus making bitcoin more in demand. Also the media take part of the bitcoin value that garners positive or negative publicity.

really the main factor affecting bitcoin prices is demand and offer but news will also affect the price because news can affect the hearts of investors and can determine that it has the potential to hold or sell.

there are so many factors that affects the price of bitcoin, supply and demand based on the market, popularity of bitcoin, mining, FUD, fake news, negative write-ups and misleading information regarding bitcoin's legality, lack of institutions that accepts bitcoin as payment, scams all over the internet and mostly the fabrication of other cryptocurrencies that took a huge part of the total market share of bitcoin. but i think the most influential factor are the big whales that makes a synchronized waves to HODL coins.

these factors are being addressed and survived by bitcoin so do not worry, these are part of the cycle in bitcoin world. 

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Note that because of the decentralized nature of this currency, the bitcoin price is not normally controlled by any company, organization or government. This means that before you try to predict the rise or fall in the price of bitcoins, it is important to understand what causes the same. Below are some of the main factors that can influence the bitcoin price:

1. Government Regulation
2. Media Influence
3. Stability of the Bitcoin Network
4. The Bitcoin Demand and Supply
5. Wider Mainstream Acceptance
6. Large Businesses Dumping to Fiat Currency
7. Technological Changes and Innovations
8. Market Manipulation

The factors that influence the price of bitcoins are quite diverse. Some of them are slow but quite steady, such as the gradually rising supply and demand curve. Others are sentimental and violent, like the speculative trade, which influences the trading of bitcoins each day. In spite of the opposing forces, which often exert their influence on the bitcoin market, the long-term average price seems to be on the rise. Note that learning about these factors will not necessarily make the bitcoin price more predictable. However, understanding them can help you to be more comfortable with the price fluctuations and make informed decisions at the right time.

 I think bad news is most affective factor.

I think the major factor that affects bitcoin price is as its demand in the market. Coz if the demand is low the price will also get low so that the consumer will buy a bitcoin coz its price is low.

The attitude of governments and BTC's good and bad news have a great impact on the price of BTC. But in the long run the price of BTC should continue to rise,

I think the major factors that are affecting bitcoin and any other cryptocurrency is demand and supply. the demand for a certain coin will determine its true value. The second thing is market speculation and FUD, FUD plays a significant role in pumping or dumping a coin in the market.

Yes I believed it is supply and demand are the major factors affecting bitcoin and other Cryprocurrency price. It is the basic fundamental economics. Once the population of bitcoin will decreased, automatically the demand will be affected and will got decreased. As what we observed if you noticed it, when China did banned Bitcoin, the priced of bitcoin is being changed rapidly. That's how it goes. It just say's clearly that major factors affecting the price of Cryptocurrency  is supply and demand.

the major factor that affect bitcoin price is the issue about regulations in crypto.
If there are some bad regulations applied to bitcoin, many peoples may afraid and sell their bitcoin.

Factors that affects of bitcoin price.The price of a bitcoin is determined by supply and demand.When demand for bitcoins increases,the price increases,and when the demand falls,the price falls.the most affecting factor is the number of people using it.The higher the demand grows the higher will be the price.

that's right man. The price of bitcoin is not based on any platform of technological development and it is always affected by the supply and demand of the market. The sharks have taken advantage of this to make FUD and FOMO to fool the minds of small traders for redeeming. So be careful and check carefully with any news that is widely available. That will help you get a good decision.

There are many factors affecting the bitcoin price and they are like Supply and demand, Events and announcements against the bitcoin and other altcoins, difficulty in the mining and government plans and decision against the Mining and their farms. Yes, all these really plays a major role in the bitcoin price and i think we can really gauge the trend and price action of the bitcoin if we stay alert with all these factors. Don't worry mate if you are newbie we are here to help everyone, just post your query and we all will try to solve it.

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Bitcoin which is the foremost cryptocurrency has some influencing factors for it's exponential increase and downs. some of these factors are Technological integration, Market Manipulations, Mainstream Market acceptance, Government regualtions and media influence among others

Bitcoin price is determined by supply and demand. Supply is well defined and well controlled. New coins only enter the system through mining. Mining generates new coins as an incentive for proof of work. This process generates new coins at a fixed rate. The number of bitcoins in circulation at any time is calculable. (One factor that should not be forgotten is the amount of bitcoin that are being kept in reserves. In velocity of money calculations these are considered out of circulation)

In order to translate these ideas into reality, when writing the program code of the system, the conditions for the extraction of new coins and the limit of 21 million Bitcoins were included in it.

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I think the investors demand on bitcoin is one of the main thing that affects bitcoin's price. We all know that bitcoin's value follows the law of supply and demand so we should expect it would go down if the demand is decreasing. This is one thing we should observe before selling or buying bitcoin, carefully observe the volatility to avoid further disappointments or regrets.

buyer and seller is one of the main factors of rising or falling bitcoin prices, the more demand or buyers, the greater the bitcoin price, and vice versa.
#CMIIW

mainly the market forces has the major affect on the price of bitcoin.... the amount of quantity demanded and the amount of quantity available will affect its price

The main factor affecting bitcoin prices, depending on supply and demand, if more demand will make, bitcoin prices are higher, but if more and more offers, it will definitely make the bitcoin price even more plummeted.

The market demand I thjnk has the biggest influence on the market value of bitcoin. Whenever the market demand is increasjng same thing happens with the market price of Bitcoin and I do think of the same thing whenever the market demand is falling. The demand on the other hand is affected by issues such as countries who are banning cryptoexchanges.

The other factors that are highly effective in deciding the overall price of the digital currencies are the economic map of the world which truly depicts the keen and steady development in terms of gross products. This has a deep effect on the buying and selling process of these digital assets and marks the actual price of coins.

I think the one factor that may affects the price of bitcoin is the demand of bitcoin on the market, for an example if the demand of bitcoin in the market is high then probably the proce of bitcoin will getting higher and if the demand is low then it will go down.

the following are some of the major factors that i think influence the price of bitcoin
1. the rate  at which the coins are being soled.
2. the price that individual sellers sell to their customers
3. the nature of comments that major stakeholders like governmens, investors etc. say about the coin

Presently there are certain news about bitcoin all finished world which make more interest for it, and since the request has turned out to be so high the holders winds up doubtful about whether to offer or not and in the event that we are to offer it ought to be on the higher side. In other words, the interest for Bitcoin is higher than the supply of Bitcoin and that influences it to cost to go up.

Fake news can make the prices of bitcoins to decrease drastically because those wealthy people are hoarding a huge amount of coins and if they sell  all their coin in the market then the supply will increase and it will affect the price to decrease even more.

what major factors affect bitcoin price?

Demand (demand) and Supply (supply) on the market.
Actually physical market and digital market always influenced by basic law of Supply and Demand (Supply and Demand). If the offer is more than the demand, then the price will fall. Vice versa.

Total Number of Bitcoins and Holders.
The total maximum amount of Bitcoin is 21 million, although it is in production gradually. Currently there are about 16 million BTC and more than 14 million people have wallets with BTC. Because the amount of Bitcoin remains, but people who want to have more and more, then the price will continue to increase.

News
Lots of news that could affect the human factor (market sentiment) in the crypto currency market. For example, the news about the capture of Ross Ulbricht, the operator of Silk Road site that uses Bitcoin a lot, makes the price of Bitcoin down by 25%.

There are many reasons why bitcoin drops of price. Bitcoin is volatile, it means that the price is changing rapidly and unpredictable if the price will increase or decrease. Bitcoin drops price because of the bad news spreading on the social media, and i believe that the government and big whales have part of that. Government want to kill bitcoin because they cant control it and they think that it will be their biggest competition in the future. Big whales using media to harvest bitcoin on the panic  seller, so that they can get high profit when the price of bitcoin increase.

I think the price of bitcoin will be greatly affected by the amount of investors. If the market capitalization falls sharply, the price of bitcoin will decrease accordingly.
In addition, the price of bitcoin is based on the news. We call it FUD or Fomo. The price of bitcoin will fluctuate according to the bad news or good. So update your news quickly so that you can make a profit from your investment.

bitcoin price is reducing now and then because money people holding bitcoin for more profits and they holding other bitcoin related altcoin instead of trading.

The major factor of bitcoin price are so high is because due low supply
And with high demand of people need bitcoin in their pocket. So we know when product are so demanded will making peole want to getting more and make the price are so high

I think that there are many factors affecting the bitcoin price.These factors can be regarded as economic and political. Under their influence, the demand and supply for bitcoins are formed in the market of crypto-currencies.It should also take into account the decentralized nature of this currency, the price of bitcoins is usually not controlled by any company, organization or government. But the restrictions and prohibitions of governments, as well as the legal regulation of the bitcoins, can influence the stability of the crypto-currency network in a particular country.

Supply and Demand are major factors, it is common for any market. Government also affecteds. When crypto is getting restricted in a one country, it affects on the whole market.

I think the price movement of bitcoin is strongly influenced by the very high demand and the very limited supply and not only that for now it seems that the media can also trigger the increase and decrease of bitcoin price.

One factor that affects bitcoin and the price is how people thinks, a lot out there that cryptocurrency was encountering because some people and companies does not want this crypto to exist, so they are doing anything to make fake news in the public so it is up to us how we are going to affect on this.

From historical data, I believe investor sentiment is the most critical factor which in turn depends on how governments reacts to cryptocurrencies. Furthermore there a rumors and false information spread by major players in the cryptocurrency social media platforms which also causes erratic and unpredictable prices in the cryptocurrencies, especially Bitcoins.

According to this page https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894 that some factors that can affect bitcoin price is if the demand is high and the supply does not meet the demand, this causes a spike in the Bitcoin rate. Bitcoin prices fluctuate whenever there is an official statement regarding digital currency regulation. And whenever a government imposes a ban or restriction on the Bitcoin use, there is a drastic change in the price. And also the News related to hacking the exchanges or bankruptcy can create bear rumours among users causing the price to plunge. News about the currency being used for selling drugs, laundering money, and other illegal activities can also impact the value of Bitcoins.

The main factor in Bitcoin price increase is Market Demand. The second factor is the ups and downs of marketcap (the overall fund of the world crypto).

Actually, there are many reasons why bitcoin price affected. On my opinion, is that those big whales could affected since they have a huge amount of shares of bitcoin as the time they will cash out bitcoin fluctuates tremendously. Also, those small amount of shares may feel panic and sell their shares as they dont want to loss too much. Well, this kind of situation is just a supply and demand in times of ups and down of value but I believe soon in the future the value of bitcoin will sky rocket as the performance of last year.

of course the main factor that makes the price up and down is demand and supply but what matters here is what makes the demand rise or fall? you're right that things like rumors, speculation, news, issue, etc will change the user's psyche, for example if the good news about bitcoin, certainly the feeling of the user will be happy and more trust on bitcoin, so it will push up demand in the market

I think the major factors that affect bitcoin price is the user. If there are so many user the price of it will become high that's my opinion. Other said that that the biggest influence in bitcoin price is the market demand or the value of bitcoin.

the price of bitcoin is affected by demand of bitcoin and stock of bitcoin in the market, if the demand is higher than stok in the market the price of bitcoin will rising up otherwise if the demand is lower than the stock the price will going down, its an economy law. and as you know that the demand is affected by news about bitcoin in the public. if there are many bad news about bitcoin the price will going down and if there are many good news the price will going up

there are lot of factors that affect bitcoin price one  is the media if media made negative report about bitcoin the price will dump . next if some countries release news that they banned cryptocurrency in their country price will dump rapidly . next if the whales pull out their bitcoin price will dump . next if some exchanger were hack expect the price of bitcoin to fall . next expect the price of bitcoin dump on the first quarter of the year . always expect bitcoin price will get dump if there are negative reports from blogs , television or in social media  because we can't control it .  the community has the capability to make the price increase

I think there are two main factors that affect the bitcoin price of the seller and buyer. when the bitcoin seller is increasing automatically the bitcoin price will drop so the reverse. The second factor is the fundamental, where lately a lot of good news or bad about bitcoin also have an effect the occurrence of its rise and fall in bitcoin prices

The price fluctuation of bitcoin is mainly affected by the following factors:

1; Industry exposure (media attention), the Internet age, this point is particularly important and fast;

2; The attitude of the government and the law to bitcoin has a big impact.

3; The cost of bitcoin "mining" (the production of bitcoins) is due to the large amount of resources required to dig up the bitcoins, mainly the cost of electricity and the mining machine, which affects their prices to a certain extent.

as i know the big factor thats makes bitcoin price change faster is because the media, what media said, if media said the bitcoin is good and profitable in the next year or good for investment i think it will makes bitcoin price will rising up more and more. otherwise that if media makes the news about how bad bitcoin is, bitcoin price will going down more and mores

one that affects bitcoin prices is social media and advertising. jiga all supports definitely bitcoin prices will go up. but if not vice versa. and government is also a factor in the rise and fall of bitcoin

I already said it multiple times that the bitcoin price is directly proportional to the number of bitcoin users.so imagine if a country bans bitcoin the bitcoin price will suddenly decrease.

I think one of the biggest factor that affects bitcoin price is supply and demand. The price of bitcoin depends on how big the demands. If there is no demand and the supply is abundant then the price will go down but when the demand is high resulting to supplies getting low rhe higher the price will be.

In my own thoughts,the major factors why bitcoin price will going down in the market,because some implementation of banning the bitcoin in differrent country,thats why some investor withdraw all there capital or investment of cryptocurrency,because they thinks thats everythings now in investment in there country is useless without digital currency system,and second this implementation of three consecutive drops of bitcoin price,why now the market  is down and all crypto price will turns to  blow away at this moment.

from my point of view, the major factors that affecting bitcoin price was new technological changes to Bitcoin. the reason was the latest advancements and innovative efforts in technology have the power to influence the price of Bitcoin. for example, now Bitcoin has integrated with the payment system of PayPal. this is one of many factor that attract people to use this currency  ;)

I think that affects the decrease of bitcoin.volume and the spread of bitcoin.
This volume greatly affects the movement of Bitcoin? To see the relationship between the two, we can first understand the basis of Bitcoin fluctuations that are really determined by supply and demand in the market. If many people buy Bitcoin in large quantities, of course the price will rise sharply. In contrast, the value of Bitcoin may decline if many of its owners sell in large quantities.

the major factors affecting bitcoin prices may be one of them is the Number and Distribution of Bitcoin That Still Slightly
Bitcoin volume is still very little while the demand for fans is getting bigger. This resulted in Bitcoin price increase as one of the investment commodities. And it is said that Bitcoin will continue to restrict circulation to keep its price.

I think the factors that affect the price bitcoin is ,, 1. volume and distribution of bitcoin, conditions circulation bitcoin the uneven and volume bitcoin that have not been a lot of making bitcoin very sensitive to the action of the bitcoiners. 2. speculation trader ,, action traders very fast response to the issue -isu global influence the volatility bitcoin. whether much do sell bitcoin and buy bitcoin. 3. mode fraud involving bitcoin ,, value bitcoin high enough to Exchange rates other makes vulnerable to fraud. many investors fooled against other investors with lure - lure that bitcoinnya will experience profit a regular basis.