What are the major factors that affect the bitcoin price?

[sepeda karat]

there are several factors that affect the price of Bitcon
1. Volume and Distribution of Bitcoin
As a relatively young digital currency, Bitcoin voluem is still very small when compared with other assets such as gold, let alone conventional currency such as US Dollar.
2. Merchant Speculation
Believe it or not, the number of Bitcoin users who make it a trading asset more than those who actually use it as a medium of exchange.
3. Fraud Mode Involves Bitcoin
Due to its large potential, many irresponsible parties then make Bitcoin a new fraud object involving investors.

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[aleenoe335]

Drastic changes in Bitcoin prices in a short time can make us feel trapped, especially after buying Bitcoin but the price suddenly dropped so that its value is not enough to be used to pay for the goods we want. If we panic, we may soon buy Bitcoin again to get an equivalent value. And if we know the determinants of Bitcoin prices, we can predict when the price of Bitcoin can rise again, so that the value will be sufficient to buy the desired goods.factors that influence. Volume And Spreading Bitcoin, Trader Speculation, Fraud Mode Involving Bitcoin.

[tdtduy]

In my opinion, there are three factors that affect Bitcoin pricing:
1. Popularity: This is the government's approval for Bitcoin trading in trading activities.
2. Market information: Experts, investors on the growth and decline of the value of Bitcoin. This often affects small investors.
3. Value of Bitcoin: The appeal of Bitcoin to investors, especially large investors. It will greatly increase the value of Bitcoin.

[Coffee135]

I think that big whales now replaced the smaller whales. There are many orders on the exchanges that are placed to create panic among small traders. I do not know how to fight this phenomenon, but we are completely in the hands of large capital. I have now paused in the trade and will look at the development of the situation.

[BurakTurk]

One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin.

[DMCR lah]

the factors that affect bitcoin
1. Volume And Distribution of Bitcoin
As a relatively young digital currency, Bitcoin voluem is still very small when compared to other assets such as gold, let alone conventional currencies like the US Dollar. As of Q4 2015, the amount of Bitcoin in circulation is only about 14 million, or much smaller than the US Dollar total of 1.3 trillion USD.
2. Speculation of Trader
Believe it or not, the number of Bitcoin users who make it a trading asset is more than those who actually use it as a medium of exchange. This is because the relevance of Bitcoin itself is still minimal, so its use has not been spread and familiar among the wider community. For example, you may find it difficult to find a nearby store that accepts payments with Bitcoin.
3. Fraud Mode Involving Bitcoin
Because of its large potential, many parties are not responsible then make Bitcoin as a new object of fraud involving investors. They will persuade potential investors to entrust their Bitcoin with the lure of being able to grow profit on a regular basis.

[Peashooter]

I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply.

Whales are one of the factor that affect the price to change because they can easily manipulate the price and they can dump or pump the price of bitcoin. In addition to that, I think the supply and demand of bitcoin is the main factor why the price is always change.

[Cherylstar86]

I think whales can cause bitcoin's price to rise and fall since they do have enormous holdings of bitcoin. So when they sell it, a dip will occur or it will rise if they buy it in volume. Another factor is the people's demand over bitcoin since it is a basic principle of economics about demand and supply.

Whales are one of the factor that affect the price to change because they can easily manipulate the price and they can dump or pump the price of bitcoin. In addition to that, I think the supply and demand of bitcoin is the main factor why the price is always change.

Exactly, those big whales gives a big rule here in crypto currency community. I believe someday those red days in the market will definitely recover as soon those big whales will invest huge amount in the crypto currency community. As the red days in the market getting longer, it gives a huge chance by those investors to buy back and soon it will give a great amount of profit in the next coming days.

[spyerf]

Factors affecting bitcoin prices !! Possibly affecting bitcoin prices is due to the large number of enthusiasts and the limited total supple, and the number of people investing in bitcoin also includes things that affect bitcoin price increases, and the number of new businesses that can influence the rise in bitcoin prices, the more ICO is launched then will also rise bitcoin prices.

but I think something that greatly affects the value of every crypto coin is good news and bad news spread all over the media. because it strongly encourages the sale and purchase of crypto coins in large quantities thus making the change in value.

[Nboramir]

I think bitcoin is affected by many things. Like all other currencies its value is decided by huge multinational corporations and very strong lobbying systems. Other than that whenever a country decided to legalize or use bitcoin or bitcoin is mentioned in the media it’s value increases and whenever a country decides to block bitcoin’s usage or something negative is mentioned in the media it’s value decreases.

[laravuemaster]

Bitcoin 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. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.

Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.

2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.

3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform

4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.

Hope this helps a little! Happy bitcoin-ing!!! 

Supply and demand is the biggest factor in the market because if most of the people will prefer on investing more than selling then the demand will increase and the price as well.

[sana54210]

One of the main factors affecting the price of bitcoin and generally, the rest of cryptocurrencies would be the supply availability for bitcoin.

Availability of other coins for bitcoin, this might be one of the major issue bitcoin is now facing. We all know that bitcoin was the first coin that happened to exist and create a new world of crypto, but now as many coins just showed up, you can’t just say this would be better enough for bitcoin. There are mix effects of these coins for bitcoin so let’s be them to be there in market.

[zakariajaki]

additional opinion from me which is the factor of ups and downs of the price of crypto: the first politics is very influential with the existence and sustainability of the future crypto, because related to the legalization of crypto as one of public investment, politics related to regulation from the government, the second public news is now an uptodate society always curious about the news, the three socio-culture when a preaching news related to the news will definitely have a big impact on the issues that reached the community and it becomes an addition of me hopefully useful and successful for all of us

[MiXxe]

I think the price depends on demand, popularity on bitcoin. News and announcements about bitcoin play no small role. Another price may well depend on holders of large assets.

And it actually depends on us as well as how each of us,bitcoin users and investors move to help bitcoin go back to it's peak price. The movement is within all of us. We are the answer how to add more market, by the word of mouth. Through sharing about bitcoin. Through allowing other people to know about bitcoin. By sharing some of our earnings to people in need especially in charity so they could see how bitcoin have helped us financially. With that, they will be encouraged to be one of us, Traders and investors of bitcoin.