What factors can affect to price of bitcoin?

[bitctrimor1]

The negative or the fake news brings big impact in the behavior and decision or those who wants to try to invest, those who already invested, because negative feedback  about bitcoin creates panic to people which will leads to panic selling of all people.

I agree. This plays such a critical and important role because of the fact that since cryptocurrencies gain value by way of the increase in its usage rate, plus through how people transact and do business with it, then all bad comments, news and propaganda coming out to ruin its reputation would always have a part in the minds of people with regards to what cryptocurrency, specifically Bitcoin, really is. I think that's the reason why, up to now, some people are still hands tied if venturing in the cryptocurrency market would be a good thing or not.

[Colt22]

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

the world's economic factors have little to do with the decline in Bitcoin's price and almost no impact on Bitcoin I think,
it is Supply and Demand that greatly affects the price of Bitcoin..

That is right and nowadays the supply of bitcoin is increased over the demand because some people who often have weak hands cannot hold bitcoin for longer time when they see any bad news. But still it do not affect much as the supporters do not care for that and they hold so the price recovers easily when a good time come for bitcoin and for other crypto.

[jerry3k5jamiso1]

There are many factors that affect the price of BTC, in short, the supply and demand on the market will affect the price of BTC. But supply and demand are influenced by policy from their own country. They will buy more or sell more depending on the government. Currently, many investors are not interested in BTC. Like the Chinese people they have sold the BTC to the market too much, because their government prevented them from accepting the BTC.

[jhonjhon]

We cant certainly point out which have certainly give a huge effect to the market bloodbath that we today.  Cause a lot of factors causing these things and make the market price so badly.  FUD,  dump sellers, government regulations in all exchanger, all of these are the major contributor and mostly these we totally blame but still more, and definitely we can't figured it out right now.

[Inzanne]

A lot of factors can bring bit coin price down such as rumours and some countries like china that are refusing bitcoin as a currency so many investors will hold back on investing but look at the positive side BTC will rise if a lot of countries recognize BTC as a currency and japan is leading by example.

[nguyenkhanhhung14]

The most influential factor in the exchange rate of Bitcoin is the psychology of investors. Excessive negative news has sent investors nervous, anxious to panic sell, which has kept the exchange rate low. Investors need to be alert and calm to be able to identify where the news is real or fake to avoid selling the cryptos to cut loss.

[GeorgiyBilyk]

now it will be very good if, in South Korea, ico is allowed! After South Korea banned bitcoin immediately sank! but I'm sure that now the doors in different countries for bitcoins are opening! soon there will be positive news and will grow bitcoin!

[mcconah]

The main factors are demand and supply. If more and more demand the bitcoin value will rise and vice versa. The world economy clearly indirectly affects the value of bitcoin. Why? because the world economy is very close to people's purchasing power.

[Desscount]

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

I think not, bitcoin is not related to the world economy. but the world can be a factor that lowers bitcoin prices, such as bans on some countries, with this inevitably making the situation worse and panicky. the market has dropped to rumors and massive sales.

[Jessica2009]

           There are several  factors that affects the prices of Bitcoins, now a days the demand for Bitcoin has increased . Due to the decentralized nature and no third party influence  on the transaction of this virtual currencies influences more people on demanding Bitcoin. One of the factors that affects the price of Bitcoin is  that the government brings some regulations to the digital currencies . Social medias are another source that  can influence the price of Bitcoins by giving negative news  and positive news this gives Bitcoin negative and positive values.

[ityandsyn]

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

         In economics, the term supply and demand are always been the factors of price hike but the questions are what activities behind this supply which really affect the price?
        1. If too many bitcoin users going to hold for long time.
        2. If many bitcoin users going to dump simultaneously.
        3 . If no more people interested to buy bitcoin.
And these are the activities that push the demand high and reflect to bitcoin.
       1 . more investor going to buy bitcoin.
       2 . more project that needs  bitcoin.
       3 . many countries are already accepting bitcoin as payments.
      

[Al Amin]

After I learned there are some things that can affect the price of bitcoin. Like market availability and consumer demand, the negative info about bitcoin as it happens lately that Twitter bans ads about Cryptocurrencies and makes the market now down.

[Crislyn4116]

They have some factors that affect the price of bitcoin. They have the fake news can affect the price of bitcoin the weak hands people sell there bitcoin because they scared. And next is the whales they will create a price wall that makes the price pump but the whales is the cause that the price pump they sell all there holdings.

[Borisov]

Bad news around the entire cryptocurrency market has a negative impact on its price. People are starting to sell more than buy thereby bitcoin becomes less popular and its price falls. Now more and more positive news - and I hope for good volumes and a speedy recovery of the entire market.

[Jazvebtc18]

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

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies.       Below are some of the main factors that can influence the bitcoin price:

1. Government Regulation = Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected.

2. Media Influence = The media can also influence the bitcoin price significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price.

3. Stability of the Bitcoin Network = Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money.

4. The Bitcoin Demand and Supply = The price of bitcoins is largely depended on the demand and supply. This means that high demand and low supply often leads to an increase in the price.

[rawafe]

Prize of Bitcoin depends of a lot of causes, for instance:

Regulations enforced by governments on Bitcoin transactions, , demand and supply in fiat currencies, technological Changes and Innovations,market Manipulation

[Beabtc11]

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 can affect the price of bitcoin. Here are some of them:

1. Wider Mainstream Acceptance = This is another major factor that influences the price of this crypto-currency significantly. Even if it has faced a number of challenges and detractors, many well-known companies and businesses have started accepting bitcoins as a means of transaction.

2. Large Businesses Dumping to Fiat Currency = Given that bitcoins are not widely accepted as a means of transactions or payment, not many people and institutions can accept them. Because most things still have to be paid for in fiat currencies, many businesses often sell large portions of bitcoins so as to pay for their business expenses. This is normally referred to as “dumping” and it can keep the value and price of bitcoins in a depressed state

3. Technological Changes and Innovations = Technological advancement and innovations also have the ability to influence the bitcoin price. For instance, the integration of bitcoins in PayPal’s payment system has raised awareness and stimulated a lot of interest in digital currencies among most people.

4. Market Manipulation = This is another major factor that can influence the bitcoin price. For instance, traders can sometimes purchase huge chunks of bitcoins from the market so as to make the price to appear like it is rising before dumping them back to the market, hence making unheard-of profits from the same.

The factors that influence the price of bitcoins are quite diverse. Some of them are slow but quite steady, such as the gradually rising supply and demand curve.

[Tambu]

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

Supply and demand or course. But whales are the big contributor for the price huge fluctuations. They can pump and dump which can sore the price deeply.

[syamster]

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

I think not, bitcoin is not related to the world economy. but the world can be a factor that lowers bitcoin prices, such as bans on some countries, with this inevitably making the situation worse and panicky. the market has dropped to rumors and massive sales.

No it is not like this as it is hard to clap with single hand, so as the economy is making bitcoin good and bad the same way bitcoin is making the economy well and good, bitcoin is growing because our economy is accepting bitcoin but, to be honest the people around us are living a good life only because bitcoin is providing them a lot of money to live better life, so yeah acceptance of bitcoin by the people has very great effect on the price of bitcoin, banning is not a big deal as only few countries are banning bitcoin but most of them are accepting only.

[inactivechorley5]

Na impirtant issue these days are like bitcoins price is falling because there is probably some issues in blockchain, I heard it