Bitcoin Forum

Until Bitcoin becomes the dominant currency for payments around the world, it will be more popular among traders and price speculators. As a result, the price is subject to the market forces of supply and demand which, at this point in time, goes hand in hand with the trends and whims of speculators – as a result, the price can move suddenly and sharply up or down in response to news events.

As a rule of thumb: if a piece of news makes Bitcoin more likely to be widely adopted, the price rises. If it places extra hurdles towards mass adoption, the price will fall.

You can track all the latest Bitcoin price movements in real time with Bitcoin.com’s data charts, and convert the price to your local currency with our instant Price Converter.

These events may be based on issues affecting the Bitcoin world only – such as a large scale hack affecting a key Bitcoin exchange, wallet or essential software which causes the price to dip. This happened after the Mt. Gox meltdown in 2014 and thefts at Bitstamp and Bitfinex, plus numerous other smaller companies.

A large market such as the EU, China, Japan or US may announce new regulations either favorable or restrictive to Bitcoin, causing the price to rise or fall respectively (when the Chinese government restricted Bitcoin exchanges’ practices in 2013, the price fell from its record high). It may be an internal issue, such as a miners’ conference or meeting to decide changes to the Bitcoin protocol; the price sometimes dips if a block size or scaling consensus cannot be reached, or seems to be too far off.

News which affects the price may be only vaguely related to Bitcoin, or sometimes not at all. Dramatic economic/financial news like new tax policies, bank runs or bailouts, negative interest rates, stock market crashes, banking instability or government bankruptcies all suggest a new kind of asset class may be preferable, and the Bitcoin price rises.

The price sometimes fluctuates wildly for no apparent reason at all. Sudden crashes, massive increases and up/down volatility can happen and, even after the fact, traders debate over what may have caused it. A large price build-up may suddenly reverse when it hits a certain price level, at which point traders set limit orders and/or take profits. The inverse happens if the price drops too far.

Some have suggested Bitcoin can never be adopted as a regular currency while prices are so volatile. In truth, if there was a sudden rush to Bitcoin among the general public (maybe due to a crisis in a major fiat currency) the price would probably rise dramatically and then stabilize – especially if there was nothing to swap it for, or no reason to do so.

In the meantime, if you think you can predict the big movements then good luck on the trading exchanges! But be careful, it can also be inexplicable and unpredictable.

Bitcoin have a good price in market but sometimes it's price up and down. Someone want to buy bitcoin and someone want to sell it, as a result sometimes bitcoin price is so high that people can't buy it. Bitcoin is the best way to earn money in this cure. So sometimes people makes it price so much.

At present, bitcoin is the best way to achieve rapid growth of wealth. I think within a short period of time. Bitcoin's boom and bust will continue for a long time. After a long time, most people accepted bitcoin for daily life. With bitcoin and lots of commodities anchored, prices aren't going to be like this. The price of bitcoin was estimated to have reached $100 thousand

There's no surprise in the price of bitcoin because the market is based on pure speculation. Maybe today we have a breath of good news that's why the price is going up today, but a sudden negative publicity will turn the price red in matter of minutes or hours if investors panicked. So that's' one reason as to why the price moved so much. Then there also the basic economic law, supply and demand. If the supply is limited but the demand from the market is big, then it will moved the price as well, and so as the opposite, more supply less demand equals low price.

Noone can predict price movements, do not believe anyone who says they can. They are lying through their teeth. Yes, we can do all the technical and fundamental analysis and still be wrong. Why Bitcoin moves so much is due to market sentiment, and what is going with in the space. It is how the market reacts that we have zero control over and makes it difficult to predict the price.

Bitcoin unstableness is a result from investors changing of mind. Buying and selling attitude of human can’t really be manipulated or stopped by any groups. It is a one man decision that he makes, even planned but can be alter if he wants to.

This demand and supply thing is hard to predict. And I doubt it will change in the future. We can’t see a much longer stable price of bitcoin wether we like it or not.

As its a speculative asset any changes might take effect without any prior signals causing price increase or decrease in no time. Apart from the speculative move, the increasing flow of bitcoin with the local fiat too contribute to the growth which is the real or the gradual growth. Next the supply to demand availability as explained in the above quote contributes to some extent. Altogether in a combined manner the growth looks high taking place in smaller time.

It's very hard to tell why bitcoin prove moves so much.. it's literally because of millions of transactions and micro-transactions per days.

If we take a quick glance over at coinmarketcap.com you can see that in the last 24 hours there were $2,018,350,000 worth of transactions, that's HUGE. It's no wonder that the BTC fluctuate so much.

Correct. speculative asset, supply and demand and people discovering bitcoin as a good form of investment as some of the factors for the price to moved upward and downward. In essence, bitcoin price prediction is really hard to predict. However, as bitcoin matured and gain trust by the community of investors the flow of price now is very positive that favors all of us. We want to see it go further, but the growth will sometimes hit a wall causing the price to go down again.

Yes it is true, but bitcoin grows and evolving as more and more users.
Maybe bitcoin will not be until now, bitcoin prices are rising due to increasing market demand. if we as a user bitcoin can handle and set it is all, will surely there is a good thing of rising prices bitcoin.

Since bitcoin is an investment of masses. Bad news and good news can change a man decision in the period of time. The speculation and predictions of one influential identity can change the price of bitcoin in both direction. Positive or negative and that can be seen when bitcoin is on dip and in peak.

But those out of this bitcoin community like Jamie Dimon can’t make any difference now on bitcoin prices only because we bitcoin users/investors look at him as useless and not worthy to be heard.

This is the nature of all crypto currency. They are all volatile. But since Bitcoin is approaching to make a huge dump for the start of ABC correction. Theres a huge price pumps and dumps. Until now traders are still guessing if Bitcoin would make a huge dump, or will go up more for 6300.

Welcome to crypto!

Higher Demand, Low Supply, and Good Investment - People always rush for good investment, and no doubt Bitcoin is one of the highest return type investment for now.

There are more users, who register more wallets, the number of transactions increases, and creating more new companies who take advantage of bitcoin. In the media, there is mainly negative information about what is happening with bitcoin. Only large failures are widely covered: when a certain exchange is hacked or when illegal transactions occur with bitcoin.

this, bitcoin is very limited which mean that the demand will grow stronger each year while the inflation increase will reduce every year by few %

there are a number of things which influences the value of bitcoin
and there are a number of things which may or may not happen
in the future which may affect the value also.

the market is open to manipulation by those who have a great amount
of coins and they can affect the market in one way or the other at a
certain time or during the natural fluctuation of the value especially
around key events such as the upcoming forks and also big news
like we heard from China over the last few weeks.

There is also a lot of new comers to the crypto world and a lot of
new users here on BCT all this adds to the general trading and price
movements

I think of the people are always invest of bitcoin and it will be demand on the market.
As of now the bitcoin it was have in a good situation to encourage bitcoin users.

Bitcoin is like any other currency available for trading it knows pumps and dumps, you can predict its value for a long term if it is going to succeed or not but in the meanwhile you can never know what will happen in short term due to many factors involved in determining and affecting the value.
After taking a good look at charts and expert analysis and the contradiction between their analysis, I started to believe that it is a question of faith, you believe in Bitcoin or you do not.

Bitcoin prive always has swing between prices. You can chech yourself the price history of bitcoin and see the rollercoaster. However the bitcoin price is big now , you're right , maybe a little too big and a fork is coming so better keep an eye at your $ for now and then look again on btc.

may be in my opinion, because bitkoin can be profitable and generate a lot of money with a relatively short time. Bitkoin also many who perceive as a daily livelihood and also manage it does not need much power, because what we just sit sweet in front of the computer and done anytime. so naturally if bitkoin prices move a lot and high.

You have created a good summary of what affects bitcoin price, making its up and down movement. Since hearsay circulate about this and that, bitcoin will be adapted, bitcoin will be banned, people respond in such a way according to their belief, understanding on the market, risk tolerance, and amount of bitcoin to lose. The more positive the speculations and trajectory of bitcoin, the more people are encouraged to buy, thus increases bitcoin value. On the other hand, if speculations are negative, people will fear and panic, thus selling their shares and lowering the bitcoin value. It becomes a cycle, because when price is low, people will buy again looking forward to higher profits when the price rises.

It's really a question of faith, if you belive in bitcoin, you look at a price fall as a correction before the next raise that will push the price even higher than before. If you don't belive in bitcoin, you look every raise in price that it's the end of the bull and bear will start immediately. But it's the same if you have shares in the real world. Everything is based on your expectations (faith).

For me no one can tell price movement of bitcoin because it has too many ways to affect the movement of the bitcoin price like the supply and demand the supply means the seller the demand is the buyer if too many seller and only few are buyers im sure the price of bitcoin will goes down so if we want to invest here you must be ready to gamble your money.

The Bitcoin price move so much because of her rapidity of the transaction and very powerful economic country invest and uses bitcoin

This particular question have been asked over and over again on the forum with several people trying to give reasons for the high disparity in price based on their own level of understanding. The simple truth is that, its based on the forces of demand and supply and since there is no way to confirm the invisible human factor attached other than speculation, we just have to settle for that.

The biggest factor in the price of bitcoin is the chain of supply and demand. As the supply increases the price decreases and as the demand increases the higher the price gets and increases. The price of bitcoin will only be stable if the supply and demand will not move which is very impossible to happen.

Yes,yes. I agree! When people know that you can earn into something,  it will really be popular because people really wants money! And that's the reason why bitcoin's price soar high because more people crave for it. Technology  also made it known to many.

The dominance of bitcoin over other digital and virtual crypto currencies are due to the multi dimensional benefits for example bit coin is easily convertible to all other currencies in the market, you can buy your desirable good and commodities by online payments etc for such reasons as noted above all the people are demanding for bitcoins so the price of bitcoin are becoming higher and higher.

I think the reason is a part of amazon and Bitcoin Gold

There are so many ways in which bitcoin price is moving so much. First of the volatility of the market, second is the news about  bitcoins. The FUDS and everything, might affect the price wildly. And many more, the rice of alts might put bitcoin down.

There are many factors why bitcoin prices move so much, but for this moment I just think because there will be segwit2x later, so bitcoin prices move so much. It is also possible if many investors do not want to lose their assets so they can manipulate the price. idk...

the bitcoin price move so much because we have only about 20million bitcoins now  everybody wants to have bitcoin.
the price will increase much more in 2018.

It is not stable because it is decentralized and people are free to dump or pump their bitcoins and this results to volatility of its market price. This is a disadvantage to bitcoin users.

according to my suggestion bitcoin price so much because of the influence of investors and users a lot therefore the price is high and also good ...

for now bitcoin pioneered at the highest price again ...