What are the major factors that affect the bitcoin price?

[Shimmiry]

I think there is only one great factor that affects the price of bitcoin which is the Demand and Supply, because it is all that affects the bitcoin's price. Low demand = low price : high demand= higher price, its the basic analysis for that then the other factors such as market news and Mining difficulty would be the factors affecting the demand and supply not the bitcoin itself.

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[BarbusseH]

Another factor about which this number of people using crypto currency did not say. The more people companies use for accumulation or operating activities, the higher the price of coins.

[Caelanpelley]

In my opinion, the main factors that affect the price of bitcoin are: speculation, economics and players. Speculation has a huge impact on prices. If you boldly will earn a huge amount of money. Bitcoin players can "stack up", demand will increase and vice versa, when they "discharge" makes the supply increase. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin. Economic development will also help many people invest in bitcoin.

[Elseye]

The most major ones lately are news and different goverment statements. That's sad that this things affect price of BTC so much, but that's nothing to do with it.

[mOgliE]

Hi,

I think we can add two things to your list:

1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly.

2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say.

[Rooster101]

Aside from the already mentioned factors that affect bitcoin price, another one is the market manipulations where traders or the so called whales purchase large amount of bitcoin to pump the market temporarily then dump them later. Technological changes and innovations can also influence the market of bitcoin like its recent hardforks. The stability of bitcoin network and the wider mainstream acceptance can also moves the price of the bitcoin.

[gua86402]

The influence of government policy on BTC is huge!

The United States began to regulate ICO, and Google and twitter were affected and began to ban the advertising of digital encryption money!

The impact on digital encryption is huge!

[portotoi]

Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!

That also affect the bitcoin price. When more negative news will exist in the crypto market then more bitcoin investors will halt and the bitcoin demands will goes slower and slower.

[Mevz]

Agreed with the 4 major factors its really happening and now we are suffering from the FUD spreading like fire that is why the market is so bloody. I think it would take more time to recover because its not just arbitrarily. Its a natural phenomenon of bitcoin and it always base on the supply and demand and the most important the whales are controlling the movement of the price.

[South Park]

Now policy impact has very important effect to the price of the currency, in September 2017, the Chinese government's policy led to a bit of a drop in prices, in January 2018, South Korea and the policy of the Chinese government and lead to decline in the currency price!

The policies of the governments around the world can affect the price but it depends on the government, for example the Chinese government was very influential but it has lost part of that influence, South Korea is also very influential since it has a huge volume and many exchanges but a very tiny country with almost no bitcoin presence will be unable to affect the bitcoin price.

[HasHe]

The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors,nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause for the higher fluctuations in bitcoin price.

[Wandika]

The basic factor is the increase and decrease in demand for bitcoins.Even though there exists lots of global factors, nowadays FUD spread by big whales play an important role in determining bitcoin price.It remains the major cause of the higher fluctuations in bitcoin price.

FUDs affect crypto a lot ,we never know now what is really the news since their putting ad on in every detail just to drop the price of BTC, now it's on exchanges news again from bittrex  to binance we will be needing more patience to be successful in crypto.

[genocide]

It is just base on my observation and analysis that the factors affecting the bitcoin price are the supply and demand; the negative and positive news from social media; the government policy; the economic situation; and the investors itself.

[Direwolve735]

1. Number of investors. With the increase in the number of people investing their funds in virtual currency, the cost of each coin increases.
2. People's interest in Bitcoin. If people refuse to use bitcoins, their intrinsic value will be zero.
3. News about Bitcoin. The virtual currency needs publicity to attract new investors and encourage commercial companies to cooperate. Negative news in turn is hitting the price of the crypto currency and it is falling.

[wxa7115]

Hi,

I think we can add two things to your list:

1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly.

2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say.

And the worst part about overreaction has to do that all the community is affected by a small number of traders, they see the news and think it's going to have a bad impact on the price they begin to sell and this in return creates a domino effect since other traders begin to see the charts are indicating that people are selling off and they do to the same, this is how crashes are made.

[19spawnfeed]

Hi,

I think we can add two things to your list:

1- Over-reaction from the community. Some market announcements should not have such an impact, but people tend to freak out quite rapidly.

2- Impact of the period of the year. Trends tend to be different according to when we are. July or December are important turning points I'd say.

And the worst part about overreaction has to do that all the community is affected by a small number of traders, they see the news and think it's going to have a bad impact on the price they begin to sell and this in return creates a domino effect since other traders begin to see the charts are indicating that people are selling off and they do to the same, this is how crashes are made.

Bitcoin price is not normally controlled by any company, organization or government. it is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. 
Below are some of the main factors that can affect the bitcoin price:

1.Government Regulation
2. Media Influence
3. Stability of the Bitcoin Network
4. The Bitcoin Demand and Supply
5. Wider Mainstream Acceptance
6. Large Businesses Dumping to Fiat Currency
7. Technological Changes and Innovations
8. Market Manipulation

[Dudeperfect]

Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment.

[sutil]

OP, you posted a nice list. I think, FUD is the major reason of dumping. Without these FUD, Bitcoin should be 15k again by now.

[joebrook]

Price always follow the law of demand and supply, there are multiple factors which affect the demand and supply in the market for example we have recently experienced the price rally and when we saw the correction was coming there was a wave of panic selling, most of the holders especially newbies were liquidating their Bitcoins and that was the reason why price fell down. The initial fall was a result of exit from the big whales but it somehow created the domino effect in the market. I believe that mass awareness is one of the characteristics of an ideal market and we don't have this at the moment.

In recent times, we have things like media backlash and FUD confusing investors and making them sell their bitcoins in a panicking moment and this drives the value even lower and this really affects the price.

[carodupuis]

The most major ones lately are news and different goverment statements. That's sad that this things affect price of BTC so much, but that's nothing to do with it.

Although these stamens have an element of worry regarding bitcoins position in international market. But as it has been evident from the history that only few amongst so many were true. Rest all were just false news that were created and spread over the world just to demolish the goodwill of bitcoins that have been made in hearts of users. So we have to avoid such fuds that are making bitcoins notorious.