what could cause bitcoin prices to go up and down?

[Coroline]

I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again 

it all depends on the volume of the market, if the market volume increases auto bitcoin will increase, and that makes the bitcoin price rise is a lot of people who buy when there is a good issue, and vice versa

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[marlouied04]

of course if its in demand it will rise. Thats a basic in business world. Like for example, few years ago bitcoin suddenly boom and their price also rise because people wants to try on it.

[fomiche]

Bitcoin prices will go up whenever whales start pouring in money in the market. This way they can also manipulate the prices.

[xcajun21]

I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  

These big swings are cause by:
Inside news or tips about big trend changers, ETFs, etc.
Market trading analysis at a turning point, Inverse head and shoulders, like we had at 6400, and broke to 7800, 8400+
Market short squeeze, where investors buy back bitcoin they borrowed.
The big facilitator is, of course, adoption. Back in 2017 we had 10.000.000 Wallets. Now we have 23+ million. Coinbase alone had about 13m+

No one really knows why it drops. If they knew, would make billions, wouldn't it?

[SaiWAFU]

Law of supply and demand. Since there's a lot of supply than demand in the market nowadays bitcoin's prices go down.

Now why are there a lot of supplies? Because bad news about bitcoin causing users to panic sell.

[Allura74]

I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  

These big swings are cause by:
Inside news or tips about big trend changers, ETFs, etc.
Market trading analysis at a turning point, Inverse head and shoulders, like we had at 6400, and broke to 7800, 8400+
Market short squeeze, where investors buy back bitcoin they borrowed.
The big facilitator is, of course, adoption. Back in 2017 we had 10.000.000 Wallets. Now we have 23+ million. Coinbase alone had about 13m+

No one really knows why it drops. If they knew, would make billions, wouldn't it?

I think the very most reason affecting bitcoin price to go up and down is because of market vulnerability of any changes of supply and demand, so its very volatile. Dumping and selling of any crypto coins particularly in bitcoin will abruptly affects its price. The whales and the day traders are the main subject contributing market changes.

[ignatii]

If there is some major negative news related to bitcoins, prices will go down. For instance, some major economy banning crypto.

[stepanovage]

It is simply because of supply and demand situation. When there is more demand, you will see prices rising.

[mathtoughfat]

Investors are really big factor on why the price of bitcoin spike up or down. The more investors bitcoin have the more positive input it will provide to the price of bitcoin. However, scams and other security issues that bitcoin face and as well with the government not supporting it fully it really negatively impact the image of bitcoin to possible investors.

[Kate Beckett]

Public perception has a huge impact on the value of the crypto currency. In the case of bitcoin, people who react positively to innovation can act as a driving force. Another incentive is that the very idea of a crypto currency is attacking a corrupt banking system, and it will not be possible to cope with an emerging competitor using traditional methods.

[yoshua27]

if there is good news about bitcoin then the price will go up but if there is bad news about bitcoin then the price will go down

[Muhraj1]

It's all about demand, but when the big investors like china get a bad news or vice versa market is affected greatly. Also, the news of an upcoming hard fork or futures afects the market

[kulagina]

Major price change will be caused by some big news. If the news is positive, price will move up.

[stepanovage]

 Exact price movement is not possible to predict. But  You can make assumptions based on news.

[stepanovage]

If someone was able to predict whether price will increase or decrease exactly, he could become the richest person on earth. It is very hard to predict this.

[eipeng]

I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin,

Major Events is one of the key factors when will bitcoin bull. News the more the news about bitcoin the more it will go high, well people make fud and itso affect bitcoin. Remember the last news about sec? SEC Delays Decision on Asset Manager's Bitcoin ETFs Until September. We all thought that bitcoin will bull but the price pull down when sec declared it.

[temperatunre]

From my point of view, news related to bitcoin is the cause of bitcoin' s price. It can go up or down depend on this news is good or bad

[CharlieKoala]

The prices depend on the people Demand. But lately, I think people now start to use altcoin than btc.

[martynovro]

You can just make some guesses based on current trends, news related to bitcoin. With experience, you will be able to make better guesses.

[Abdul Wasay]

If some big company adopt it the price will rise and similarly ban of any company or country will decrease the price