what could cause bitcoin prices to go up and down?

[tuturutmunding]

Of course, with the many mining and market demands, of course, it will have a positive effect on the surge in bitcoin prices, it will greatly stimulate everyone to invest in bitcoin. while bad news that blasphemes bitcoin will greatly affect the drop in the price of bitcoin which is what causes the decline in the price of bitcoin

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[MiukoOk]

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 

The one factor that I think affects the price of bitcoin is the supply and the demand in the market if the supply is low and the demand is high then the price of bitcoin will go up and if the supply is high and the demand is low the price of it will go down.

In my opinion, Bitcoin prices increase only when governments around the world recognize the legitimacy of the money. Of course, the communication of the benefits of Bitcoin in particular, electronic money in general will be for the state media. And there's no reason Bitcoin's prices do not go up dramatically. And of course the electronic money market will be hotter than ever.

[AbduRRozzaqAbduLLah]

This depends on the demand for bitcoin,  the higher the demand,  the higher the value and price of a commodity and vice-versa. If man at large welcome bitcoin with an open arm,  this incentively skyrockets the value and price of bitcoin and makes it stable.

[DaWidyaa]

In my opinion, influencing the rise and fall of bitcoin prices is bitcoin investors and sellers, with the price agreement they make to make the price of bitcoin.

[Akany]

There are a lot of variables that add to the vacillation of Bitcoin value;
Programmers can upset the circulation of the digital currency in the market.
Public sentiment is basically the perspectives that people have toward Bitcoin. This is constantly ascribed to the picture given to Bitcoin by the financial specialists and media platforms.

[mifanmuzny]

To say bitcoin is volatile is an understatement. Its price can swing wildly on the turn of a dime, making and breaking fortunes in the process. That might lead you to ask: What affects the price of bitcoin, anyway? Truth be told, it’s a complicated question we might not be able to answer for sure. However, you have a few ways that might help you see where bitcoin’s price is headed. If you keep an eagle eye on cryptocurrency news, you just might be able to buy or sell bitcoin profitably before everyone else catches on. But a big caveat that comes with all cryptocurrencies: There’s no guarantee. To keep up with events that may affect the price of bitcoin, check out our bitcoin newsfeed.

[Baekhyun]

So, actually the reason why Bitcoin prices are more volatile than other currencies is; the absence of any entity that controls the price of Bitcoin. The price of Bitcoin is determined by all people who have Bitcoin (regardless of number). If you have Bitcoin now, you are one of the people who determine the price of Bitcoin. If you suddenly sell all of your Bitcoin, the price will move down (because supply / supply is now increasing). Likewise, if you suddenly want to buy lots of Bitcoin, you have contributed to the number of Bitcoin requests, so the price will move up.
Now, imagine there are millions of people who have Bitcoin in the world with different selling prices and buying prices.

By gathering them all, you will get the market value between the request price and the bid price - and that is the price of Bitcoin at that time.

[DIA7]

Most of the time Bitcoin dips is some wall street guy comes and tells us that Bitcoin is a bubble and in a few years it will not be wortging a thing and the second one is when a country bans trading especially when there is a large number of users there third reason is the market when there is low demand and more supply prices goes down slightly and it's all at the end comes In media coverage when Bitcoin was in 15k going up to 20k the media and the internet was crazy about it until it plumped down then it ignored it again now you can see that the mainstream media have zero coverage on Bitcoin situation now they are waiting for the prices to spoke up again so they can have a story to tell.

[GreatArkansas]

For now, I think there are some people behind pump and dumps of Bitcoin, like there are some manipulation happening now. You can also consider fake news or people spreading FUD to to other people to make the price of Bitcoin dump.

[biskitop]

because bitcoin is not related to economic conditions, the most influential on the price of bitcoin is supply and demands. consider it when the demands increase, or it can be called the volume of buying bitcoin rises then the price is likely to rise. and vice versa.

[jtrapirap]

I agree to the previous replies stating that no single entity/regulating body that controls the price of Bitcoin causing the volatility behavior of the cryptomarket itself. Also news whether positive or negative also greatly influence the trend of the market. FUD and news regarding regulatory threats or worst banning on crypto brings negative impact to the market, while positive news about adoption of the crypto gives extra boost and confidence to the investors to purchase more. Anyways, it just still follow the basic law of economics which is the law of demand and supply.

[Dadaro]

the recent rejection from sec is one factor of bitcoin price to go down. another factor is the large player or the whale that manipulating the price in their favors. buy to increase the price then dump when it reaches their target price.

[kalstarzz]

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 

what I know about what can affect the rise and fall of bitcoin prices is news from the media, and the game of big fund holders.

[Pinkprint]

It is bound to fluctuate.
Bitcoin and cryptocurrencies are not backed by any financial system to keep the price sfable.
Volatility is an intrinsic quality of cryptocurrency.

[Faroxx]

I think the good news most affects the price fluctuations of cryptocurrencies, so we just have to wait for the good news to start green.

[agimat]

I think the regulatory policies of the United States, Japan, South Korea and China are too big for the cryptocurrency market.
When China and South Korea have regulatory information, the cryptocurrency market immediately turns red.

It really affects the price of bitcoin if there is an negative report or news to all individual who given bad detail or fake news regarding reputation of said coin, but still the coin normally will going up in unpredictable time.

[Kupid002]

I think the good news most affects the price fluctuations of cryptocurrencies, so we just have to wait for the good news to start green.

Good news is nothing more than effect in the Bitcoin price, but if you spreading a bad news it may cause to the newcomers an fear or panic selling.

[airdrophunter]

Cryptocurrencies especially bitcoin is basically a demand and supply scenario that's when the market price goes down, you can also see a slight change of its market price in the last 24 hours. How much more if whales are buying or selling their voluminous cryptos to the market? They really play a major role in the market's condition.

[Dwey]

More the demand, higher will be its value. Value can increase when popularity  of exchanges increase, exchanges are access points for bitcoins. When exchanges become more people, more people will be using bitcoins due to the ease of accessibility.

[Parodium]

Right now there appears to be rampant price manipulation on bitfenix, the BTC price is often over $100 higher than other sites like Binance or Poloniex, causing all short positions to be liquidated and forcibly moving the average price higher. I think that there are definitely some whale movements getting involved nowadays fucking things up.