What is the main reason for the bitcoin price?

[KalaiBTC]

some are saying that some exchanges might increase the price and decrease as they wish. I really hope this is not happening.
In the end it should be offer and demand

Exchanges do play a vital role in up and down of the prices. And like you have said the fee factor matter a lot while deciding the coming price of a coin. On this basis, people are taking the thing and going off of it. Like if bitcoins are high in fees and people can’t afford this thing, how they can continue. Rather they left them. Hence the ultimate results are effected, prices get down immediately.

[RenBct]

It's mainly the market cap and the volume, the price is made because of people investing on it which will be in the volume and market cap so the larger the market cap the larger the price.

[wildflower18]

I think bitcoin price depend on demand. if demand high then price is high and if demand low then price is low it fully depend on demand. the main thing for its price is for sure demand .

The demand is the main reasons for the bitcoin price fluctuations. Once demand is their users comes and go or buy and sell bitcoin. Like if we offer goods or services to the people definitely it will increased if the products is good somehow it will give benefits to the users. Same like in bitcoin demand is always present at all times.

[minthit]

Because  news or futures or ...etc^^?

Thank you for answer

I think the main reason is people. No matter what kind of news come out, it doesn't affect bitcoin. The program keeps doing what it's supposed to do and price is determined by people.

[mornabo]

Because  news or futures or ...etc^^?

Thank you for answer

the main reason of the bitcoin price is purely from the demand and availability is very limited to make the price of bitcoin more expensive, it is in because also the miners have trouble getting bitcoin so bitcoin circulation is now very limited and the price is also higher from year to year. so that's what I can catch and I explain from the main reason for the rise in bitcoin prices.

indirectly news, speculation, issues, etc affect to bitcoin price because of the things that make the user feel to selling or buying, for example a lot of news that makes bitcoin image becomes ugly then news about bitcoin ban appears, from it makes the user afraid to buy even many users sell their bitcoin and then affect the demand is declining, sometimes many things are interrelated and affect to bitcoin price

[ToyotaFortuner]

Because  news or futures or ...etc^^?

Thank you for answer

the main reason of the bitcoin price is purely out of demand and from the issues that exist in some countries in the world, when there is a positive issue then the price will go up but when there is a negative issue it is certain the price will come back down.

[Jay Jay crypto]

The Bitcoin price factor for mining in general is a slight decrease in value for a couple reasons. Some miners save their ... Adoption: There is major push
One of the reasons why bitcoin price increase and decrease is becuase the Bitcoin price factor for mining in general is a slight decrease in value for a couple reasons. Some miners save their ... Adoption: There is major push in price of Bitcoin whenever there is new News about companies accepting Bitcoins.

[jaocoincrypto18]

Because  news or futures or ...etc^^?

Thank you for answer

The most likely answer is due to the law of supply and demand of the Bitcoin in which if many are holding and many wants to buy the price will rise up but if no one wants to hold because many wants to sell then the price will go cheap like what happen to some altcoins in which some coins become crap or no more value because no one wants to buy and keep it.

[super5star]

some are saying that some exchanges might increase the price and decrease as they wish. I really hope this is not happening.
In the end it should be offer and demand

Exchanges do play a vital role in up and down of the prices. And like you have said the fee factor matter a lot while deciding the coming price of a coin. On this basis, people are taking the thing and going off of it. Like if bitcoins are high in fees and people can’t afford this thing, how they can continue. Rather they left them. Hence the ultimate results are effected, prices get down immediately.

The reason for the price of Bitcoin is rate of demand and availability, and same things can also be the reasons for fluctuations. The news and social medias can also play a part in fluctuations depending on what they say, though it’s not really good to depend on what they are saying some of the times, cause some are bad news to kick against Bitcoin. Well, those bad news can favor people with patience. Just like what happened in 2017, lots of medias were carrying bad news about Bitcoin and it made lots of people to withdraw, creating a chance for others to invest at cheaper rate.