What's the reason behind increasing or decreasing price of bitcoin daily?

[x4]

I am newbie at bitcoin and always i saw a change in bitcoin value. What are the factors that affects the change in bitcoin value? Is it also same like real money? Like if value of Gold decreases then value of US dollar increases and vice versa.

As what others said, supply and demand that causes the bitcoin price increases, and it also decreases because there so many people and companies big/small accept bitcoin already, so there will always change if price but the thing is it always increase and growing.

[zoose]

I also think a lot of people are speculating that Bitcoin is going to spike in vale over the next few months but I think that is overly optimistic. Some people compare Bitcoin as a safe haven hedge against global market uncertainity like Gold. But Gold's price/value has been plummeting.

[Seansky]

The main reason behind increasing or decreasing price of bitcoin daily is because of demands like others said but there are other reasons why it happens. One reasons why it happens is because of what happens daily in the crypto world. The investments on exchanges also affects bitcoins price since one needs to buy bitcoin first before entering altcoin trading using fiat from payeer etc. Also one known reason why it decrease or increase is because of whales. Those are the ones who got a lot of bitcoin and fiat to buy bitcoin.

[pooya87]

I also think a lot of people are speculating that Bitcoin is going to spike in vale over the next few months but I think that is overly optimistic. Some people compare Bitcoin as a safe haven hedge against global market uncertainity like Gold. But Gold's price/value has been plummeting.

whoever thinks bitcoin is a safe haven is wrong, and it probably is best if he stops investing at once. but also at the same time you can not deny the potential that bitcoin has for growth.
and it has already been showing that price tends to go up and more people are coming along more willing than ever to invest in bitcoin. and demand alone is driving the price up.

[Cactushrt]

The main reason why bitcoin is increasing or decreasing because of the demand and supply. I wonder also why the price of bitcoin increasing because many of us use it to pay for such online jobs with less hassle and taxes.

[equator]

The main reason why bitcoin is increasing or decreasing because of the demand and supply. I wonder also why the price of bitcoin increasing because many of us use it to pay for such online jobs with less hassle and taxes.

What you are telling is well know by most of them, but their is also some reasons are their are so many altcoin ICO are going so join them their are users who are buying bitcoin from exchange and investing in that ICO apart from that their are also so many gamblers who are gambling with bitcoins so when they are loosing it they buy more to recover their loss. So their are so many reason behind bitcoin price fluctuation, even their are so many day traders who are buying and selling bitcoins daily. So their is no one reason but lot of different reason for the price fluctuations