What major factors affect bitcoin price?

[kucritt]

the price of bitcoin is affected by demand of bitcoin and stock of bitcoin in the market, if the demand is higher than stok in the market the price of bitcoin will rising up otherwise if the demand is lower than the stock the price will going down, its an economy law. and as you know that the demand is affected by news about bitcoin in the public. if there are many bad news about bitcoin the price will going down and if there are many good news the price will going up

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[lhea056]

there are lot of factors that affect bitcoin price one  is the media if media made negative report about bitcoin the price will dump . next if some countries release news that they banned cryptocurrency in their country price will dump rapidly . next if the whales pull out their bitcoin price will dump . next if some exchanger were hack expect the price of bitcoin to fall . next expect the price of bitcoin dump on the first quarter of the year . always expect bitcoin price will get dump if there are negative reports from blogs , television or in social media  because we can't control it .  the community has the capability to make the price increase

[Aryadwipanggah]

I think there are two main factors that affect the bitcoin price of the seller and buyer. when the bitcoin seller is increasing automatically the bitcoin price will drop so the reverse. The second factor is the fundamental, where lately a lot of good news or bad about bitcoin also have an effect the occurrence of its rise and fall in bitcoin prices

[anzhanbei1214068]

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?

The price fluctuation of bitcoin is mainly affected by the following factors:

1; Industry exposure (media attention), the Internet age, this point is particularly important and fast;

2; The attitude of the government and the law to bitcoin has a big impact.

3; The cost of bitcoin "mining" (the production of bitcoins) is due to the large amount of resources required to dig up the bitcoins, mainly the cost of electricity and the mining machine, which affects their prices to a certain extent.

[vonnyaries]

as i know the big factor thats makes bitcoin price change faster is because the media, what media said, if media said the bitcoin is good and profitable in the next year or good for investment i think it will makes bitcoin price will rising up more and more. otherwise that if media makes the news about how bad bitcoin is, bitcoin price will going down more and mores

[kaisul67]

one that affects bitcoin prices is social media and advertising. jiga all supports definitely bitcoin prices will go up. but if not vice versa. and government is also a factor in the rise and fall of bitcoin

[adpinbr]

I already said it multiple times that the bitcoin price is directly proportional to the number of bitcoin users.so imagine if a country bans bitcoin the bitcoin price will suddenly decrease.

[skibikipapa69]

I think one of the biggest factor that affects bitcoin price is supply and demand. The price of bitcoin depends on how big the demands. If there is no demand and the supply is abundant then the price will go down but when the demand is high resulting to supplies getting low rhe higher the price will be.

[alfs75]

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?

In my own thoughts,the major factors why bitcoin price will going down in the market,because some implementation of banning the bitcoin in differrent country,thats why some investor withdraw all there capital or investment of cryptocurrency,because they thinks thats everythings now in investment in there country is useless without digital currency system,and second this implementation of three consecutive drops of bitcoin price,why now the market  is down and all crypto price will turns to  blow away at this moment.

[brontosafar]

from my point of view, the major factors that affecting bitcoin price was new technological changes to Bitcoin. the reason was the latest advancements and innovative efforts in technology have the power to influence the price of Bitcoin. for example, now Bitcoin has integrated with the payment system of PayPal. this is one of many factor that attract people to use this currency  

[Tisubasha]

I think that affects the decrease of bitcoin.volume and the spread of bitcoin.
This volume greatly affects the movement of Bitcoin? To see the relationship between the two, we can first understand the basis of Bitcoin fluctuations that are really determined by supply and demand in the market. If many people buy Bitcoin in large quantities, of course the price will rise sharply. In contrast, the value of Bitcoin may decline if many of its owners sell in large quantities.

[blacksnapper94]

the major factors affecting bitcoin prices may be one of them is the Number and Distribution of Bitcoin That Still Slightly
Bitcoin volume is still very little while the demand for fans is getting bigger. This resulted in Bitcoin price increase as one of the investment commodities. And it is said that Bitcoin will continue to restrict circulation to keep its price.

[rhana_]

I think the factors that affect the price bitcoin is ,, 1. volume and distribution of bitcoin, conditions circulation bitcoin the uneven and volume bitcoin that have not been a lot of making bitcoin very sensitive to the action of the bitcoiners. 2. speculation trader ,, action traders very fast response to the issue -isu global influence the volatility bitcoin. whether much do sell bitcoin and buy bitcoin. 3. mode fraud involving bitcoin ,, value bitcoin high enough to Exchange rates other makes vulnerable to fraud. many investors fooled against other investors with lure - lure that bitcoinnya will experience profit a regular basis.