What factors can affect to price of bitcoin?

[crustycrab666]

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.

So, the existence of news related to cryptocurrency, such as about the legality, greatly affect the trust of society. Then significantly affects the number of requests and offers that impact on the increase or decrease in the price of cryptocurrency.

[Wahyu aep]

Bitcoin's price is based on the principle of demand and supply. Bitcoin prices rise very high when there is a high demand for it and those who want to buy higher set high prices and also those who want to menjua they read and see is the word prohibition. It causes a negative reaction in the market, even though the news is positive. Simply if you think about it, but not all smart market players or can not handle their emotions well and that non-ban is a prime example of this.

[wozzek23]

Some of the factors that can affect the price of bitcoin is the demand and also the news about bitcoin, those two are very powerful in affecting the price because when the demand goes down then it is easy to tell that the price will go down also because the supply will increase and it will not be enough to sustain the high price because the asking price will be lowered and also the news is a very powerful because the cryptocurrencies are very vulnerable to that.

This isn’t new for bitcoins. Since the development day, these amazing coins have been under critic from different people related with different walk of life, but still bitcoins are doing incredible. Many groups of bankers and investors are trying continuously to demoralize and demolish bitcoins but I believe bitcoins will never be ended in this way. So don’t worry and just invest more.

[gohan21]

the things that affect the downside of bitcoin prices are because they hear bitcoin scams so their price drops because they are afraid to invest in bitcoin.

[hoomg]

The negative information released by social platforms, people’s demand for Bitcoin, and the country’s recognition and supervision of Bitcoin will all affect Bitcoin prices.

[Momoamzad]

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

there are many factors affect bitcoin one of them is demand and supply.  also early seller is the reason too. people are selling their btc.  so that price becoming low and investors are afraid to invest in it

[Crislyn4116]

the things that affect the downside of bitcoin prices are because they hear bitcoin scams so their price drops because they are afraid to invest in bitcoin.

Yes because of the fake news that spread in the social media some of the weak hands people or a begginer sell there holdings or bitcoin to prevent for the scam. And the bitcoin dump almost 50% so some of the investors afraid because they think the bitcoin dump. So the people who spread the news they have a plan to buy some bitcoin.

[antliafightingR]

I wish bitcoin price once fell doesn't hikes up. it will make others to restrain from it majing them safe

[Ayush rana]

Yes Bitcoin price depends upon the world economic factors but the main reason of dropping price is the fake or negative news. Due to such news investors loose their minds and start selling their coin and stop buying them back. Due to this the supply increase and demand decrease which reduces the price of Bitcoin at the end.

[riuzfairus]

It may be a hacker, who is troubling bitcoin owners, and they are selling their bitcoins quickly so as not to be taken by the hackers.

[l0uisStanley]

One of the biggest factor that influences the bitcoin's price is the guys that owe many bitcoins. When they sell they dictate the market

[Hillthy]

In my opinion, the reasons for impacting bitcoin values ​​are:
- Distributed supply. This is certainly a recognizable trait to affect the value of bitcoin.
- Psychological panic of users and investors.
- Information disturbed by the media.
- government ban.
- popularity and consumer base.

[GawirZZ]

many factors that can affect the price of bitcoin one of them is to prohibit advertising as it is now done by google, advertising bans have a very large impact and affect the price. Moreover factor factor about state security and negative news about crypto.

[heryalfian1981]

There are several factors affecting bitcoin prices, for example the negative issue of investors, the state forbade to trade bitcoin, limited bitcoin supplies, lack of bitcoin users.

[marabanda]

The cost of bitcoin is always influenced by only one factor. This is news.
If there will be good news, saying that this is the currency of the future and blah blah blah ... everything will be fine with him.
However, once again, when they say that bitcoin wants to be banned in this or that country, then its price will fall.

[infested]

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

Many factors like: miners, global adoption, market sentiment etc. Currently the biggest difference is made by whales especially the MTGox owner and his big sale off...

[gtx1060aa]

Of course, it depends not only on the world financial factors, it also depends on the number of investors, news about the Crypto currency

[belousov]

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

Following factors affect the prices of bitcoins mainly:

1) Latest news related to bitcoins. For instance, a negative news will result in price falling down.

2)

[ArnoldChippy]

Of course, it depends not only on the world financial factors, it also depends on the number of investors, news about the Crypto currency

I think that the most important factor that can effect the price of bitcoin is the interest of the investors, if people are interested in bitcoin they will try to purchase bitcoin even if it is trading in a high price, and therefore the demand of bitcoin will increase continuously, therefore i think that the interest of the people in bitcoin is the most important factor which can effect the price of bitcoin too much.

[gtx1060aa]

Crypto news is the most influential tool for regulating the price of bitcoin, as well as how many coins are currently on the market in the form of a sale, if the percentage of purchase / sale ratio exceeds the sale, then the price will fall all the time