What moves bitcoin price?

[emelac]

Supply and demand, china sometimes, gox and bad news moves price really fast

I forgot about Gox and China. When Gox announced the hack and bankruptcy the bad news moved the price immediately down big time. Bad news of China's first bitcoin ban also crashed the price, but news of each successive ban is having less effect because we know they aren't serious bans now.

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[MatTheCat]

While Chinese market has major impact on BTC price, it is not the only factor, and it is not like China has monopoly and owns bitcoin.
Bitcoin is influenced by overall economic situation of the markets, bad or good news, whales who tries to earn by pumping and dumping and god knows what else.

Mostly this.

[johnyj]

No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never

[OrientA]

No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never

The media exposure of bitcoin is not a lot. In 2000 and a few years later, there were many TV ads about internet companies such as Amazon or ebookers.com. They used traditional bill post. So many people saw the ads on road. There are not many bitcoin servicing company facing the general public. We should build the infrastructure around bitcoin so it can be accepted by most people.

[richardsNY]

No serious players so far, mostly speculators and manipulators. If there are more people who understand why bitcoin is much more superior than fiat money, then situation will be totally different, but it takes lots of effort for anyone to understand that, maybe decades or never

The media exposure of bitcoin is not a lot. In 2000 and a few years later, there were many TV ads about internet companies such as Amazon or ebookers.com. They used traditional bill post. So many people saw the ads on road. There are not many bitcoin servicing company facing the general public. We should build the infrastructure around bitcoin so it can be accepted by most people.

We must establish trust and knowledge. These two things are essential when it comes to convincing new people to step into Bitcoin just to try and experience the benefits. There is already plenty of infrastructure available. We just need to convince the average joe's to make use of it.

[sana9821]

i believe it depends on a wide variety of reasons such as the interest of people and economical happenings in the world

[mirakal]

At present, the bitcoin price is moved by news mainly. Any news about adoption will increase the price.

[fravia]

people interest in bitcoins

[Rostadom]

The  price is news driven at the moment. When there is good news, the price will rise. vice versa.

[Nunu]

Yeah, interesting, what does move bitcoin price? 

What makes bitcoin of value? 

[HarryKPeters]

The  price is news driven at the moment. When there is good news, the price will rise. vice versa.

Nah I don't think so. The last pump was not backed by any news. It just went op.

Currently the price is manipulated by some big whales. In the future i am quite positive we will have btc price with is driven by news though.

[avw1982]

i believe it depends on a wide variety of reasons such as the interest of people and economical happenings in the world

your point some how right but Exactly miners are constantly mining new Bitcoins are selling them for Dollars to cover their costs. It would created a constant down pressure on the price and merchants Like Dell, Okcubid are receiving Bitcoins are selling them for profit in dollars.

[vasrasus]

The long term price is determined by the adoption of bitcoin. If there is no use of bitcoin, the price will be zero.

[QuintLeo]

LONG term, adoption of Bitcoin.

 Short term, how the China market feels about it given the volumes and many or most of the BIG farms and MOST HARDWARE MANUFACTURERS are there.

[afbitcoins]

One that hasn't been mentioned yet is capital controls by banks. When they start limiting how you can get at your own fiat in your own bank account bitcoin starts getting more notice. Wait until banks start trying to actually ban cash and impose negative interest rates on us. What do you do, leave your money in the bank or change it to something that avoids the negative interest rate ?

Capital controls was at least partially behind spike when Cyprus happened and recent spike due to Chinese.

[Edsemen]

News moves the bitcon price. Ultimately, the usefulness determines the bitcoin price. If there is no use, the price is 0.

[LuckyYOU]

The  price is news driven at the moment. When there is good news, the price will rise. vice versa.

This does not apply everyday. Nothing bad or necessarily good is happening right now.

I think what moves bitcoin price the most is when people are buying more bitcoins. The more demand there is for bitcoins, the higher the price will be.

[afbitcoins]

At the moment I think people are trying to get in before the halving mania takes hold

[1Referee]

At the moment I think people are trying to get in before the halving mania takes hold

It's easy to say so, but no one knows exactly what is making the price go up right now. People said in the previous rally that it was due to people who are buying before the block halving, and people were guessing the price would reach a minimum of $700. But the opposite happened. It went down very HARD after reaching $500. Whatever it is causing the current rise, it's nice

[Pollak]

I believe the Chinese market has something to do with it

But overall it's the demand and supply. Also the dumping and pumping of bitcoins.