What factors can affect to price of bitcoin?

[klimenok1991]

The price of bitcoin clearly depends on demand. With the increase of possible channels for the use and application of cryptocurrencies, as well as the popularization of bitcoin, the demand for currency is growing. With ever-increasing demand and limited supply, the price increases. Taking into account the dynamics of supply and demand, it can be judged that in the long term the price can only grow to tens and hundreds of thousands of dollars per bitcoin

[rokergila01]

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

Factors that affect the price of Bitcoin:

1. Bitcoin Volume and Distribution

The existence of Bitcoin which is still fairly new makes the volume of distribution is still small when compared with the assets of US Dollars or gold. The amount of Bitcoin in circulation reaches only 14 million.

Bitcoin fluctuation base is influenced by supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar up. Conversely, if many bitcoiners are selling Bitcoin then bitcoin prices may drop sharply.

The uneven distribution of Bitcoin and the unbearable volume of Bitcoin, makes Bitcoin extremely sensitive to Bitcoiners' actions. If in the future there is a uniform circulation of Bitcoin and its volume is high, then the volatility will decrease by itself.

2. Speculation of Trader

Until now there has been no one bank that validate Bitcoin as a legal means of payment. Bitcoin is mostly used as a trading asset rather than used as a medium of exchange or a means of payment.

This happens because of the minimal relevance of Bitcoin in the midst of society. The use of Bitcoin is not yet familiar and spread evenly among the wider community. So this results in more use of Bitcoin as an investment trading asset.

The number that uses Bitcoin as an investment trader's asset is the main thing that traders aim to gain from the Bitcoin price fluctuations. Profit is gained from the difference between the buying and selling price.

The actions of traders who respond very quickly to global issues greatly affect the volatility of Bitcoin. Whether many do sell Bitcoin or who do Buy Bitcoin.

Sometimes issues such as Bitcoin's rejection of a country can have a bad effect on the Bitcoin price. Many sell Bitcoin when such an issue occurs. Conversely, if spread of news about a large merchant like amazon that can receive Bitcoin it will have a positive impact on Bitcoin.

3. Fraud Mode Involving Bitcoin

Bitcoin's high enough value against other currency exchange rates makes it vulnerable to fraud. Many investors are deceived against other investors with the lure that Bitcoinnya will experience profit on a regular basis.

In fact, there are so many fraudulent cases with such lure that have much harm to investors. You should also be aware of such things. Usually in the first one to three months of the agreement does show a good profit. But in the next month there is usually no news or even disappeared.

Your money including Bitcoin that you own has been taken away by investors who cheat you. When the level of public confidence decreases, this will affect the bitcoin price. Usually bitcoin prices will go down.

Although there are other factors that can influence the movement of Bitcoin, but these three things can be regarded as the main cause affecting the rate of currency movement Bitcoin.

In conclusion, because Bitcoin is a currency whose value is very sensitive to global news and fluctuations, it is better if you should pay attention to some of the above factors before you make a transaction on Bitcoin.

In addition, you should also be aware of any form of fraud that can threaten you at any time. Fraud can happen when you do not realize it. It could be a scam going on from someone closest to you. So be careful in doing business. Especially Business Online like Bitcoin.

[icaica22]

Bitcoin's pricing 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 sell, recognize the high demand, also set their selling price so high.

[BlackRacerX]

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

The law of supply and demand. This usually is the case as to why bitcoin price is very volatile. A lot of people are rush selling or buying that's why the price moves fast. The next one is whales that have a lot of bitcoins on them and sell at a different price. Because of this, the price of bitcoins ripple hard.

[freesia_pnp888]

half of them comes from users' trading, buying and selling.

[pekavcilar01]

The biggest factor is the whales. Those who are coin in the loaded amount play with prices by making money in and out. The agendas of governments are also factors in the change of prices.

[xiboothrezi]

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.

The whales who have a lot of capital can indeed monopolize the market, small investors just follow the flow and learn the pattern. News and rumours also greatly influence speculation.

[LogitechMouse]

The news that is being spread in the internet is one that affects the price of bitcoin the most because many people now are searching everyday on the internet about bitcoin. When they saw a good news then they will buy and if they saw bad news, they will sell their BTC (Weak Hands).

One reason is the whales who are pumping and dumping bitcoin in short "manipulators" (for me). I think bitcoin has been manipulated by a large group of rich investors and that is the reason why bitcoin doesn't rise in the past months.

[oloveloveo]

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

Yeah when a country or representatives of it approved the use of bitcoin or try promoting it, bitcoin price will surely skyrocket.
High influential people could also help to make the other invest.
Also promoting social media and on this forum can help gain more investors. The more bitcoin investors or holders there is the greater the value of bitcoin will be.
But also all of it will become a downfall of bitcoin if we follow the opposite.
A lot of new to bitcoin got panicked easily causing them to sell their bitcoin when the price got fall a little bit.
The more bitcoin being exchange to currency the lower the price of it. Also when people start spreading negative information about bitcoin, the price of bitcoin will surely drop.

[kofibee12]

Technical analysis through chat reading, is one of the factors that affect bitcoins prices. But fundamental analysis with world economic news such as government regulations and banks attitude towards bitcoins is a major factor that move prices of bitcoins through demand and supply.

[Nasty23]

The news that is being spread in the internet is one that affects the price of bitcoin the most because many people now are searching everyday on the internet about bitcoin. When they saw a good news then they will buy and if they saw bad news, they will sell their BTC (Weak Hands).

One reason is the whales who are pumping and dumping bitcoin in short "manipulators" (for me). I think bitcoin has been manipulated by a large group of rich investors and that is the reason why bitcoin doesn't rise in the past months.

Yes one of the factors that affects the price is the news because it spread the awareness to the people who doesn't know anything about bitcoin that encourage them to invest and news also affects the mind of every investors that can help them to minimize the risk of lossing a money and know what is the latest happenings about it.

[universal3ee]

The things that can affect the price of btc most probably is the supply and demand of the general public, i do suppose that the global economy do plays a part in deciding the price of btc as well.

[XpanderaX]

Many factors affect the price of Bitcoin, but News I think to be a factor that is very influential on the rise and fall of Bitcoin prices. let's look back, every bad news about Bitcoin, the price dropped directly. This may also be influenced by individual investors who are easily affected by the news. so it can be said also, The thing that plays a major role against Bitcoin Price is the person holding the Bitcoin itself.

[noelanora99]

I think that the first major factor that influence of bitcoin price and it's progress is the media influence.
The media can influence the bitcoin price significantly. It can manipulate the people beliefs, causing to easily swayed a person trust with each positive and negative news or articles. but of couse there are also other factors like government regulation, pretty resounding now a days. as for the rest of the factors, it's a hassle to mention them all, and the most frustrating fact is that there's too little that we could do about them whether the news or articles are true or for malicious intention only. So Meh.

[LanzCoinPress1994]

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

Hi!

Bitcoin is the first most popular digital cryptocurrency. Bitcoin price changed due to many reasons. That is important to understand the reasons before predicting the price of bitcoin. The main factors that can influence the bitcoin price:

1. Government Regulations
Many governments release official statements about the regulation of digital currencies. That affect good or bad in both ways. As an example, The news about “Chain banded bitcoin exchanges " causes to drop Bitcoin market.

2. Media Influence
The media can also influence the bitcoin price significantly. Many FUDs and fake news spread through social media. That makes people panic about bitcoin. That cause to drop the bitcoin market.

3. Supply and demand
High demand and low supply often lead to an increase in the price. The total amount of bitcoin is 21 million. Hence supply is fixed that lead to high demand.

4.  Technological Changes and Innovations
The advancements and innovative efforts in technology have the power to influence the price of Bitcoin.
•   The launch of various ICOs with the aid of decentralized platforms that include the Ethereum-like smart contracts.
•   Another innovation is using blockchain technology for streamlining supply chain and improving transparency in various systems.

5. Market Manipulation
Traders can sometimes purchase huge chunks of bitcoins from the market. That makes the price to appear like it is rising before dumping them back to the market, hence making unheard-of profits from the same.

The main factors that can influence the world economic differ from bitcoin. You can refer those things to below links;
1. http://www.managementguru.net/factors-influencing-global-economy/
2. https://www.cfr.org/article/global-economy-2018

Personally, I believe bitcoin price will not completely be related to the global economy. But some of the factors will influence the price of bitcoin.

Thanks
Have A Nice Day!

[alihasangoto]

Panic selling of bitcoin by the investor due to some fake news regarding it is the main cause which affect the price of it. Otherwise  it will varry with regards to the market.

[kangbasir]

I think the fact that affect the price of Bitcoin one of them is the price movement significantly. Bitcoin users who hear negative news about bitcoin will feel panic and end up selling their bitcoins to secure assets and impact on bitcoin prices going down

[Queen Esther]

I made a research as to inform myself as well how these prices are affected and I would like to share some.Here it is, 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. Others are sentimental and violent, like the speculative trade, which influences the trading of bitcoins each day. In spite of the opposing forces, which often exert their influence on the bitcoin market, the long-term average price seems to be on the rise. Note that learning about these factors will not necessarily make the bitcoin price more predictable. However, understanding them can help you to be more comfortable with the price fluctuations and make informed decisions at the right time.

[danggoron]

I made a research as to inform myself as well how these prices are affected and I would like to share some.Here it is, 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. Others are sentimental and violent, like the speculative trade, which influences the trading of bitcoins each day. In spite of the opposing forces, which often exert their influence on the bitcoin market, the long-term average price seems to be on the rise. Note that learning about these factors will not necessarily make the bitcoin price more predictable. However, understanding them can help you to be more comfortable with the price fluctuations and make informed decisions at the right time.

So, there are many factors that affect especially in terms of which affect the amount of supply and demand. Another factor that is quite influential is the rumour spread in the media, both positive and negative news, and the issue of legality.

[KingOfWinterfell01]

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

News. News greatly affects the price of bitcoins because of how much it can stir people's minds and emotions. The thing is, everything the news and the media reveals is the "truth" and every sucker who watches them are easily fooled by these news.