What factors can affect to price of bitcoin?

[Weirdwas]

Simply pit, supply and demand. if people aren't buying and using bitcoin then that means there is no demand which means there is way too much supply and prices go down.

[Oliver2]

All kinds of bad news affect BTC's price, and many people who buy BTC when they are cheap, they have been selling BTC.

[TeraBitHoven]

Supply and Demand are one those several factors that affect bitcoins price, I think when supply is high the price goes lower but if the demand is high the price goes up. Demand is also affected, whether a country accepts or prohibits use of bitcoin.

[rafit09]

I think the Bitcoin movement is very sensitive to the actions of its holders. When a person buys or sells Bitcoin in large quantities, then the price can instantly move extreme. If in the future the volume of Bitcoin increases and the distribution is evenly distributed, then the volatility will slack off by itself.

News such as the refusal of a country to legalize the use of Bitcoin can be bad, so often Bitcoin traders respond by opening sell orders. On the other hand, positive news such as the growing number of big merchants like Amazon that receive Bitcoin, can be greeted with the purchase of Bitcoin in large quantities by traders.

if you learn a lot from the cases of financial fraud that have been detrimental to investors, such a mode should be immediately wary of. The first to third month there may be a return shown, but next you will have trouble contacting the account manager. In the end, the investment company disappeared without a trace by carrying off all his clients' money, including your Bitcoin.

[Pistachiop]

Well FUDs and whales buying and dumping seem to affect and sway the price and the market a lot. I guess demand also plays a role in all of it too.

[redhondaxrm125]

What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?

A lot! in fact, too many that we won't be able to count them will even with the help of all our fingers! And yes, you are absolutely right. world economic factors and economic occurrences really do contribute too to the prices of not just bitcoins but also to all the other crypto currecies here in this industry or the crypto world. Which is why the prices are down at the moment and has stayed in the bearish season for a long time since there were a lot of fuds that were spread all throughout the internet regarding various issues including economic occurrences.

[markian]

Following factors affect the price of bitcoins:

1) Latest news related to bitcoins. Positive news will push up the prices.

2) Launch of other coins. If a promising coin is launched, it encourages other people to invest by selling their bitcoins.

[Xanxus024]

With Bitcoin prices soaring past $20,000, the cryptocurrency has broken all predictions about its impending crash. The price has increased over 500 percent since July 2018, which is a never before seen phenomenon in history. This has sparked warnings about it spiraling beyond control. There are several influential factors that bring about such a landmark change. Here are the 5 crucial factors that impact the price at present.

[shaadsufi]

At this time news is the only thing which is affecting the bitcoin price. When bad news comes bitcoin starts to go down and when some good news comes bitcoin start to rise and at this time there are so many bad news around and because of that bitcoin is kept going down.

[talldude]

One of the major factor that affect bitcoin is panic,  people panic and sell at a cheaper rate than what is trading at in other not to loss there coin more than what they have already lost,  this is why the press , central bank and other government body are trying to create FUD news so that we all can panic sell.  We all tend to forget that when you sell,  someone else buys.

[surgical_duude]

What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?

There are a lot of factors that affect the price of Bitcoin, I think it is possible that the supply of energy is the most influential, now the virtual currency is the trend of business investment of investors, with the way They can achieve the wealth and profit quickly, possibly in the future Bitcoin will improve and less risky than.

[LuffyD.Monkey]

The price of bitcoin depends on many factors. High tech development creates a valuable digital currency in the market. The price of bitcoin is high if many people in the world participate in bitcoin. The country's economy also has a strong impact on bitcoin prices. Often rich people make big investments.

The most important factors which can play a very much significant role in deciding the market value of the bitcoin soon includes the demand of the bitcoin in the international market, the number of people knowing about bitcoin and above all the response of the governments of different countries like the way they handle all these crypto currencies. All these factors will then decide the market value of any of the crypto coin.

[cacchiem]

Marinecoin just opened their ico last week so the price is as low as it likely will ever be.  But you really don’t need to buy any you can earn a lot fast.  You can get 20,000 MTC for using proof of promotion artificial intelligence guided tasks.  Time dilution technology gives everyone a fair chance so there is plenty of time for everyone to get a bunch of them.  time tested - zero fees - mtc -   marine co.in/ico

[bitcoinskyrocket09]

There are many factora that hinders and affect bitcoins, first the advertisers that is being banned through this whole time, the advertisement that which help bitcoin to be popular and known are being banned to other social media, just like the ads in twitter and google, they are not letting that happen to bitcoin.

[btcprospecter]

There are many factors that affect the value of bitcoin. Media plays a big part of the value. If good news is in the media many want to buy when bad news and fud hit the headlines people tend to sell.

[molenracing]

I think the factor that greatly affects the price of Bitcoin is the trust of the Society. And that trust can come and go because of the news. If there is good news about Bitcoin, such as Bitcoin has been accepted as a means of payment in a country, or there is a Store or what buying and selling place that has received Bitcoin as a means of payment, then people will increasingly trust Bitcoin. so they buy Bitcoin and hold it, so the price becomes high. but if there is bad news about Bitcoin, then people's trust will be lost, then Sell and do not want to save Bitcoin. so the price is falling.

[MBAPOLIN]

In my judgement, the availability of local bitcoin retail brokers is the major factor.
Bitcoin price is determined by supply and demand. Supply is well defined and well controlled. New coins only enter the system through mining. Mining generates new coins as an incentive for proof of work. This process generates new coins at a fixed rate. The number of bitcoins in circulation at any time is calculable. (One factor that should not be forgotten is the amount of bitcoin that are being kept in reserves. In velocity of money calculations these are considered out of circulati.

[WorldBiz project]

If big companies such as Amazon integrate it in their payments

[zngit]

The factors that affect bitcoin are the following:
Government
Media
Investors/supporters/people
Supply/demand
Price roll
Fake news

My major idea of factors that affect bitcoin value. Maybe there are more that I did not include.

[Aleksablack]

What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?

I believe that the price of bitcoin can depend on the big players we call the whales. Of course, it can also depend on economic phenomena, but to a small extent.