What factors can affect to price of bitcoin?

[Jhun030383]

Just like what others have said, there are various factors that affect the price of bitcoin. However, I would like to focus in only one, and that is the volume of people who are investing in bitcoins. The more investors do bitcoins have the more chances of its price to get higher, and less investors the lesser its value price.

[Antivoid]

there are many reason that can affect bitcoin price, actually, the price is always changing in a completely free market, dump and pump is a normal phenomenon, the price have risen so much in the last year, and it need a correction for the next skyrocket

[laryillary]

The exchange rate of such currency as bitcoin is formed due to active demand, as it is with other currency assets. But since bitcoins have low overall capitalization, the bitcoin rate is heavily influenced by mass hype and big players.

[MoeKaloolon]

Simply put, supply and demand. If supply surpasses demand then the price will drop which is what we are experiencing now, once the demand begins to climb the price will start going back up again.

[poletando]

the biggest factor that i know is become from the trader and bitcoin user, there are demanding about bitcoin, its mean that if bitcoin demand is high, this is good because the price of bitcoin will going up, and ask we know that demand of bitcoin is affected by bad news and other news about bitcoin in public, if there are good news the demand of bitcoin will increase, otherwise if there are bad news about bitcoin the demand of bitcoin will decreases

[charlystriker]

To those patronize bicoin, investors and news can affect the price of the bitcoin.  Any kind of ways to attract the people most specially to the investors can affect the price it may range higher than we expect.  The more investors and users of bitcoin the more increase of price we have.

I agree with you. The biggest factors that can affect the price of bitcoin are investors. The more investors who  invest in bitcoin the more demand in the market. So the  prices will become pump up in the market. If the demand in the market are less so the prices will going down. Bad news and other country banning bitcoin are biggest factors that affect bitcoin prices become low in the market. Because many investor are backed out their investments because of bad news or fake news.

[paynercash]

Bitcoin prices are very sensitive to many factors. But I think the main factor is the policies of big countries that have influence on Bitcoin like Korea, USA ... etc. If they have strict decisions in trading Bitcoin will make investors Stop buying Bitcoin and demand will decrease, Bitcoin prices will drop sharply. And vice versa. I think that is the main factor that drives Bitcoin prices.

[Doych]

Yes! But we all understand that little depends on small investors!
In general, the course depends on the major players!
Thus, they twist the course, where they want ...

[BlockFolksHQ]

Well i think the main factor that affect to the price of bitcoin is due to the demand and supply. Thanks to the arise of bitcoin recent years, more and more people know about bitcoin, thus the demand will increase and the price will inflation. But when there are some negative news, people might sell off their bitcoin due to scare of losing money, thus the only reason that can affect bitcoin's price is the supply and demand of public.

[jerowacik]

Now one of the main factor that affect to price of bitcoin is a fake news.. About China ban, G20 ban, SEC ban and etc. Media is looking for a hype subject and provoke panic than it has a big impact.

[bit-freedom]

IMO, demand and supply are the main factors affecting Bitcoin price. Good news and bad news affect the decision of buyers and sellers of Bitcoin which explain the high and low prices.

[Benarand]

The main factors are:
- high volatility
- an increase in the number of transactions
- the state's attitude to the crypto currency at the legislative level
- coverage of the crypto currency in the media

[Mhedz]

Bitcoin price depends on supply and  demand. Also,One factor that cause pump and dump of coin is that Fudd ,it brings too much negativity to the market

[tungaqhd]

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

Sometime, a big country like China have a stricter rule for bitcoin, it affects on bitcoin price too. Or more serious, an exchanger is hacked, a thousand of bitcoin is steal, the price goes down too.

[fanBit101]

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

I think the effects on the bitcoin value include:
1. dispersed supply.
2. User needs
3. influence from the government
4. media
5. consumer and investment.

[tonysitaly]

There are many factors affecting bitcoin, but the most direct factor is supply and demand. We all know that the total amount of bitcoin is fixed, only 21 million. But when a large number of funds enter the market and the price of bitcoin is pushed up rapidly, the relationship between supply and demand of bitcoins is broken, and some of them may wish to earn profits for cash. The market does not need so much bitcoin at this time, then the price will land quickly. Of course, the bitcoin is able to recover, and we don't have to worry about that.

[daarul50]

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

Some economic events can indeed affect bitcoin prices but most affect the bitcoin price movement is a fundamental factor such as news circulating about bitcoin. If the news is positive then bitcoin will move up but if otherwise then bitcoin also tend to decrease the price.

[StonedWolf]

There are many factors that can influence the price of bitcoin , like : the demand for Bitcoins, which is based on the awareness about Bitcoin, its popularity, and trust among crypto community members. For example , if the demand is high and the supply does not meet the demand, this can cause a spike in the Bitcoin rate.

[Ejanend]

Bitcoin prices are very sensitive to many factors. But I think the main factor is the policies of big countries that have influence on Bitcoin like Korea, USA ... etc. If they have strict decisions in trading Bitcoin will make investors Stop buying Bitcoin and demand will decrease, Bitcoin prices will drop sharply. And vice versa. I think that is the main factor that drives Bitcoin prices.

Indeed, the banning and supporting of anyone affects bitcoin as well as all other digital currencies. Bitcoin is the most volatile crypto currency so the effect is also amplified. FUDs and FOMOs also cause changes as due to these, many investors sell out their coins. Last but not the least, the biggest factor in my opinion are big whales. Those investors who spend millions of dollars in bitcoin and hold a very good amount of this digital asset, have the authority to decide market to some extent.

[SiDtHeBeSt]

Well there are various factors which can affect the price of bitcoins. First of all, the media has a big effect in the price drop/rise of bitcoins. When the media tries to spread negativity about bitcoin/there are some fake or half-true news, the price goes down. Market manipulation by whales might cause people to quicksell, which leads to price drop. The demand-supply ratio also affects btc's price a lot.