Bitcoins value

[Etanllah]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that.

Exactly. As the price has gone up more and more people have become interested in it. Additionally people love that's its not governed by any body.

As people keep buying more Bitcoins, the prices keep going up.

[eaLiTy]

If today all the countries started to adopt Bitcoin as their official digital currency for everyone to use, if people favor Bitcoin more than PayPal on the Internet, then BOOM! Buy BTCBTCBTC, Prices goes ⬆⬆⬆. Since BTC is limited, there would be competition as more and more people gets Bitcoin.

The fact is no government will adopt bitcoin as their official digital currency,they can regulate it and give the citizens a freedom to use any currency,bitcoin is not meant for the entire world and it has some serious scaling issues to adapt to those levels,so lets forget about that,all you need is big investors for the price to go up and with the limited amount of coins it is bound to go up .

[bettercrypto]

If today all the countries started to adopt Bitcoin as their official digital currency for everyone to use, if people favor Bitcoin more than PayPal on the Internet, then BOOM! Buy BTCBTCBTC, Prices goes ⬆⬆⬆. Since BTC is limited, there would be competition as more and more people gets Bitcoin.

The fact is no government will adopt bitcoin as their official digital currency,they can regulate it and give the citizens a freedom to use any currency,bitcoin is not meant for the entire world and it has some serious scaling issues to adapt to those levels,so lets forget about that,all you need is big investors for the price to go up and with the limited amount of coins it is bound to go up .

I agree, no countries will use it as their primary currency, but it would be as an alternative currency I think.  I also agree that investors are needed to push bitcoin value higher, and adoption is one key factor to have investors.  With the acceptance of countries I believe the coin is destined to go up in price as time goes by.

[northstarh]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that.

Bitcoin is growing around the world, so the demand of people everywhere is growing fast, while few people want to sell bitcoin, so its value is rising fast.

[Prodigan786]

If your doing any trades you will get to know bitcoin value how increase and decrease main thin is that demand and supply that is transaction and miners seconed news third some countries taking stand on bitcoin

[orarider]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

The answer is simple, bitcoin depends on the market, so the factor that affects its value is the supply and demand.

[Wayan_Pedjeng]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

Here are some which comes to my mind right now:

1. The balance between supply and demand
2. Mining difficulty
3. Legal status of Bitcoin
4. The number of unconfirmed transactions
5. Competition from the altcoins

[jc89]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

The main factors would be the supply and the demand. Supply is the total number of bitcoin available in the market that are ready to be bought by users. Another for supply is the total number of bitcoin in circulation or bring used in the market. Demand is the amount of bitcoin needed or wanted by users.

There are external factors that affects the main factors. The best example is the announcement of Japan that they will start to accept Bitcoin as a mode of payment. That event triggered more users to engage in bitcoin, thus, increase in demand as well as in price. Another is rumors about the death of bitcoin or anything alike that might trigger panic selling. That will result to increase in supply but decrease in price. There are many more factors but the main factors are the dictator of the price of bitcoin.

[Mike Mayor]

It's mostly supply and demand. You can say use but use will increase demand. The more people who use Bitcoin the more it will be worth. There other short term factors like price manipulation and things like that. In the long term though it's about the supply and demand. It is an easy and basic concept but in practice becomes very complicated. Trying to understand it is what we all want to do in order to make big profits. 💰 💰 💰

[1Referee]

4. The number of unconfirmed transactions
5. Competition from the altcoins

4 - If you look closely, the number of unconfirmed transactions has gone through the roof, and it didn't have a single bit of negative effect on the price.

5 - Altcoins have been experiencing a tremendous amount of growth during the last years, and especially this year, but again, it didn't have a single bit of negative effect on the price.

[coinfast]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

One of the factors that affecting the Bitcoin value is 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. and the Media can also influence the Bitcoins value significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price.

[Vaculin]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

Just like about anything in the world. Supply and Demand. If more people are buying it price will go up, and more miners there are price will go down. Simple as that.

Bitcoin is growing around the world, so the demand of people everywhere is growing fast, while few people want to sell bitcoin, so its value is rising fast.

Definitely.Bitcoin is now popular to almost everyboday and  some preferred to use it already especially in online transactions.The more people patronizes it,the higher its value becomes.When its price depreciates,less people will likely to use.But as far as bitcoin is concerned,its value continues to rise making bitcoiners beneficial.

[farharhadi]

I will create the best place nag better than gold, maybe many people are amazed at bitcoin, see the high value.
Then the money will be in huge amount.

[Distinctin]

I will create the best place nag better than gold, maybe many people are amazed at bitcoin, see the high value.
Then the money will be in huge amount.

You will probably get a higher value of your money if you will invest and hold.
The price will not grow abruptly but it needs time to grow, if you see an abrupt increase never buy that price
because it is just the whales, always buy on dip.

[Scorpion]

It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high. 

[dillpicklechips]

It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high. 

That's right. The fiat system that we have now are centralized and hence they can release money (supply) proportional to the demand of the people that's why it is stable while in cryptocurrencies including bitcoin the supply has a market cap of 21M BTC hence the supply is fixed that's why it all depends with the demand that is if the demand rise up so thus the price will.

• When the demand increases then also the price increases and vice versa. (directly proportional)
• When the supply increases then the price will decrease and vice versa. (indirectly proportional)

[kelceyott]

It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high. 

In fact, supplies are not scarce. The market is still functioning well, but the demand has surged sharply, supply can not keep up.

[TravelMug]

It's quite simple - supply and demand. The supply is becoming scarce and the demand is becoming high. 

In fact, supplies are not scarce. The market is still functioning well, but the demand has surged sharply, supply can not keep up.

But the supply is getting difficult now as miners has a difficulty finding blocks. And it will be getting scarce in the next halving in 2020 I think. So imagine that the demand is high but the supply is getting very low. That means that the price will really increase in the future. So you will see a lot of predictions saying that bitcoin can reach $10000.

[Cofee.BLUE]

The factor that affects its value is the demand.If more people are gonna use and buy bitcoin then the value will go up.The seceond is the supply if the supply,if the supply goes down but the demand goes up the value will also increase.But in reality,the supply doesnt go down,the demand increases but the supply cannot keep up with the demand.

[Peashooter]

What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.

One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also.

There are lots of factors that can affect the value of bitcoin to change. I guess the supply and demand of bitcoin also can affect its price. I think the value or price of bitcoin will depend on the market.Also, i guess the number of bitcoin users can also have affect to the price of bitcoin to change.