What major factors affect bitcoin price?

[Bukx]

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?

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.

[hghcoin]

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.

[BitNinja2017]

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

[Decorsair23]

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.

[honeyira]

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?

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.

[chimcoin]

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.

[godrey123]

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.

[Azzhan]

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

[thenameisjay]

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?

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.

[vv181]

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.

[JerryJam]

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.

[Erichallig]

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.

[kofibee12]

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

[cybersofts]

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?

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.   
 

[levvv]

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

[ramzhies]

typically a supply demand scenario..

[dbutp]

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?

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.

[johnyespapa]

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.

[Heyyyrenz]

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.

[bisdsad]

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.