what affects the price?

[TrufieldICO]

Demand and supply, good old economics

[carlisle1]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

Natural movement of prices,and normal behavior of market ..having corrections,panic sellers,whale manipulations,more fuds and fake news this are what affects the prices ..but this is not in here permanently because the trend is changing maybe sometimes tooking long before recovery and getting slow but it will.

[wormgummy019]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

In my own opinion, I think the things that affects the price are the investors, the people , the demand from users. If the demand is high, the price is low. When the demand is low, the price is high. The fake news also affects the price because when the fake news will spread, many investors will not invest money so the price will change.

[Hallmader]

Many things affect bitcoin price ,like peoples perception,global economy,fake news,negative news.also supply and demand from user will be essence  to affect its price value.social medias fake news affect its price so much.also human greed affect its price so much.

There are indeed several factors why Bitcoin went down that huge after the 2017 strong rally. In addition to the factors that you mentioned, the correction following the aggressive surge in Bitcoin's value in 2017 was quite deep as there were definitely several dumpers. That cannot be avoided as the price was really very high at that time. But now we are beginning to recover.  

[Searing]

My view on how all crypto prices are derived:







http://www.8-ball-magic.com/index.php#anchor Magic 8 Ball.

[xwshamim]

The good news and bad news of exchanges and countries effects its price increase and decrease

[doodle07]

Its the "demand and supply" that affects the price. The more the demand is high the price will surely high hence the supply is low. Yet if the the supply is high and the demand is low the price is will drop and that is the number one cause that price is affected to. lets us just continue to use bitcoin and I am hoping that more countries will embrace it for our own sake, and for the accessibility and convenience of it.

[robynmario]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?

Bitcoin tends to go down at a sensitive time in the early months of the new year. That is not the first time.

what are the major things that can greatly influence bitcoin?

In my opinion, the biggest impacts on bitcoin's increase / decrease are: government bans, FUDs from dump (Mtgox) processes, or panic attacks from user psychology. The most important source still is from the mining process and the demand for use in popularity.

[kiemponxs]

a lot of negative news about bitcoin affects bitcoin prices, with a lot of negative news like google, facebook and twitter that will close all ads concerned with bitcoin or crypto, it's pretty influential that keeps bitcoin prices down.

[toiratdeptrai13]

Organizations, credit unions and decks are the ones who have the biggest impact and benefit the most from the market price. Another impact on price is market sentiment. Only traders lose money in this market

[ClackKendi]

These are the needs of investors as well as the quality and prestige of the ico programs and do not exclude government policies and the source of electricity for digging bitcoins if they are good. will greatly affect bitcoin

[icecube45]

down and rising bitcoin prices can still be tolerated, for now bitcoin prices around 7k to 10k because in the world of cryptocurrency the price is already high, which causes bitcoin prices down the biggest factor is news, for example news about bitcoin which causes investors fear and reluctance to invest in bitcoin and a lot of news that impressed "disfigure" bitcoin, news about the vulnerability of bitcoin security, news about applying the tax on bitcoin. then affecting the bitcoin price is supply and demand, etc.

[pabpete]

These are the needs of investors as well as the quality and prestige of the ico programs and do not exclude government policies and the source of electricity for digging bitcoins if they are good. will greatly affect bitcoin

Demand for Bitcoins, which is based on the awareness about Bitcoin, its popularity, trust among crypto community members, and even more. If the demand is high and the supply does not meet the demand, this causes a spike in the Bitcoin rate.Thus it is expected that the price will keep on increasing.That affects the price.

[maxman190]

Public perception has a huge impact on the value of the currency. So, in the case of bitcoin, people who react positively to innovation can act as a driving force. Another incentive is that the very idea of a crypto currency is attacking a corrupt banking system, and it will not be possible to cope with an emerging competitor using traditional methods. Negative reactions can be caused by the fact that crypto-currencies are often associated with illegal activities.

[Rollkal]

As far as I can not say clearly any reason affecting the price of the BTC. They rise dramatically, no one can advance. But perhaps due to some deliberate whaling the market and the price of BTC increase and decrease as they want.

[DimensionsOfHell]

Successful hacker attacks on large crypto-exchange exchanges, such as Mt. Gox, undermine the reputation of digital currencies, adversely affecting their prices. But such innovations as increasing the security of wallets through the use of several signatures and the emergence of new opportunities for online payment can give a positive impulse to the price.

[mrben77]

Many crypto currencies cost less Bitcoin, Litecoin or Ethereum due to the fact that they are not widely known about the masses. Many crypto-currencies duplicate the code of bitcoin, differing from its predecessor by only minor technical nuances - the number of coins in circulation, the algorithm of proof of work, etc. The degree of similarity with bitcoin without radical improvements in technology or increase in utility also affects the reputation of the currency.

[traderethereum]

many things that could affect the price to increase or even to decrease and it's not just by supply and demand and how people react because of one news. but as long as we can prepare for the worst thing, then I am sure that we are fine and we can continue to do trading in many exchanges. the most important to avoid the effects of the price, we need to have calmed down and don't panic when we hear one news, bad news or good news, so we can make a decision with care.

[c_20]

Factors Influencing Bitcoin Price

With Bitcoin prices soaring past $20,000, the cryptocurrency has broken all predictions about its impending crash. The price has increased over 500 percent since July 2017, which is a never before seen phenomenon in history. This has sparked warnings about it spiraling beyond control. There are several influential factors that bring about such a landmark change. Here are the 5 crucial factors that impact the price at present.

- Bitcoin supply and increasing/decreasing demand
- Regulations enforced by governments on Bitcoin transactions
- Bitcoin in news: Influence of media on garnering negative and positive publicity
- Bitcoin users and developers influence the rise and fall of price
- New technological changes to Bitcoin

[funyjackson]

it may be related to the Mt.gox event . after this exchange filed for bankruptcy , they had at least 165000 bitcoins . they may have quietly sold all their bitcoin. selling so many bitcoins in the short term has led to a bear market .