What factors can affect to price of bitcoin?

[Kray]

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

Of course, Bitcoin runs based on the market rules of supply and demand, the price’s determined by this. What affecting demand is the good news and FUD news related to Bitcoin, especially if it released by a major state governments because it will provide tremendous impact for the Bitcoin ecosystem. As a savvy user, we have to keep an eye on what's going on with Bitcoin.

[Crislyn4116]

the demand factor in my opinion will greatly affect the bitcoin price, as very little demand for bitcoin prices will also be low and vice versa will be a high bitcoin price if a lot of demand for bitcoin.

Yes a lot of demand it makes the price going to high. But because of some of fake news the people who are have a weak hands scared about a single fake news. So it will sell there holdings and make the demand low so the price will be make also low there doing panic selling.

[Getcoinsite]

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

economic occurrences may effect everything that has monetary functions worldwide since this defies how every countries worth of living..but this factor is smaller than what this community expected because only the Big investors gives wide effect to the price of bitcoin,if they withdraw their investments surely the price will drop..and other than that are those Fud,fake news and banning/regulating by countries

[mkcube]

The factors that adfect the price if bitcoin is a lot of demand.What affecting this demand is the good news that we have brought to this forum.Also the market economyand also dependibg on the market buying and selling.

[Pamela Jobelle]

The sure thing is the supply is miners and the rate at which they are introducing bitcoin to the market, which is the people actively looking to sell their bitcoin at any point soon, this changes based on the feeling of the future prices.

[WolkGold]

Bitcoin and crypto markets are a new and potential market. Of course, its risk is unmanaged and under control. Therefore, any information, impact on the market can affect the value of the coin. The decentralized supply and diffusion are all different to create the value and variability of bitcoin and crypto. On the other hand, the crypto market is really fragile under the pressure of legal issues from governments around the world. This, is causing serious effects on the value of bitcoin.

[DarkIT]

Bitcoin and crypto markets are a new and potential market. Of course, its risk is unmanaged and under control. Therefore, any information, impact on the market can affect the value of the coin. The decentralized supply and diffusion are all different to create the value and variability of bitcoin and crypto. On the other hand, the crypto market is really fragile under the pressure of legal issues from governments around the world. This, is causing serious effects on the value of bitcoin.

perhaps the most influential impact is, when a country develops bitcoin, or cryptocurrency, or when a CEO develops or errors. it will make a big enough effect for cryptocurrency, either increase the price, or make the price fall.

[Genemind]

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

It can since bitcoin can be converted to fiat, if there's an economic problem in a certain country people will surely convert their crypto to fiat. Just take a look how a certain economic issue affect the crypto market. Everything that can affect the supply and demand of crypto market can affect it directly and can cause an impact on the price.

[gaurav82]

The price of bitcoin is totally depend on demand and supply. If buyer is more than seller then demand increase and price will rise. And when seller is more than buyer due to any reason then demand will fall and then price will down.

[illbaker8]

Legality and illegality, controversial issues and proper  publicity also contributes to its price

[freshm4ker]

Changes in price factors are caused by the number of coins on the market or coming to the market because they divide the investor's money, just imagine if thousands of bakeshops in one street then one person came to be able to buy his breakfast how you imagine can choose which store you can buy it.

[Brangos99]

There are several things that affect the price of bitcoin. The first factor is, the number of market demand for bitcoin that causes bitcoin prices to rise. The second factor is that there is negative news about the current bitcoin, which causes the bitcoin price to fall.

[hsyncl]

Another most important feature of Bitcoin is its limited supply. In economics, it is believed that value increases as the amount of any commodity increases. As the amount of money increases, the value goes down. If the program remains as defined, the maximum amount of Bitcoin determined is 21 million. Initially, the Bitcoins that are sold to the market are changing hands by buying and selling, while the amount of Bitcoin in the market can be increased by 'Bitcoin mining'. If you can extract the gold mine from nature by mining methods, there are bitcoin miners in the digital environment that extract the bitcoins by solving the complex passwords. Each password found is rewarded with 50, then 25, and now 12.5 Bitcoin. Bitcoin mining consumes electricity in such a high amount that it will keep environmental organizations on the ground. As the amount of extracted bitcoins increases, it becomes more difficult to solve new passwords; at the same time, the amount of Bitcoin given as a prize is decreasing. Bitcoin miners - according to the current program - will not have to spend more than 21 million bitcoins completely removed. The steady supply, in contrast to national paper money, makes Bitcoin a rising currency against the national currency. Bitcoin is similar to gold and silver, designed to be a mine that will be consumed one day and can not be produced anymore.

[NathanJB]

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

I guess there will be some reactions of the crypto market when there is something big happening in the world economy. For sure, everything will be affected. But if the occurrence is relatively small, it might not cause a big problem at all. But if, for example, there is a global recession, the crypto market would not be exempted with its effects. The last time there was a strong recession around the world, the effect was very huge. I think it was the time when even the huge Lehman Brothers Holdings, Inc. went bankrupt.

[BitcoinLoan]

There are several things that affect the price of bitcoin. The first factor is, the number of market demand for bitcoin that causes bitcoin prices to rise. The second factor is that there is negative news about the current bitcoin, which causes the bitcoin price to fall.

There is quite a large diversity in the factors which impact the value of Bitcoins. The first factor, which is Bitcoin supply and demand, is a slow-but-sure way to affect the price. In case of the media influence, the change is more drastically leading to speculative trade.

[Bitcoinismylife12345]

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

Demand and supply are the two major factors that affects the price of bitcoin. The supply is a passively factor while the number of demand is caused by the loss of interests and negative news of the people. Those investors doubt their decision because of negative feedbacks about bitcoin and make panics to the people which will lead to them to sell their bitcoin to cut the possible losses they may have.

[Viyamore]

There are various factors that are being considered for the sudden change of the bitcoin price. Number one is the demand and supply of countries. Just like any other products, price is being stabilized by the demand and supply of bitcoin. Of course, the acceptance of government also becomes a reason why bitcoin is either high or low. Then, we can also consider the big or top companies that manipulates the price.

[laryillary]

The prospects for bitcoins, both currencies and capital, depend heavily on a social network that controls the market characteristics of a virtual currency. At this stage of existence, both bitcoins and the social community are not always stable and any major changes are harmful to both sides. However, in the future, the bitcoins have very good prospects to become a full-fledged means of payment and get universal recognition.

[mudasarali43]

Recently Reserve Bank of India ban the bitcoin in India, The good traffic of bitcoin is in india that effected the price of bitcoin in the same way these types of bad news impacting the price of bitcoin that make the price more down,

[zwiggel]

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.