what affects the price?

[Magkirap]

Its mostly demand and supply that affects the price, but when it comes to bitcoin the price is manipulated by the whales by creating two conditions according to their needs, hype and panic. By doing this they become successful in controlling the price.

Actually, the fluctuation of supply and demand of bitcoin is most common factor why the price change. In addition to that, the whales are also can manipulate the price of bitcoin and I think the number of people who buy and use bitcoin can also affect the price of bitcoin. Lastly, the supply and demand is the main factor that affects price to change.

[1715146810]

1715146810

[Omosomofa]

Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected. Even if the actions of that government are not related to the virtual currencies directly, the impact will still be felt. A good example of this can be derived from the Cyprus banking crisis, where the government seized funds. This prompted discussions on whether Cyprus should adopt Bitcoins as their new currency. Anytime there are restrictions on the use of bitcoins, their price changes drastically. Another reason why Bitcoin can price can go down is that..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. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips. Negative news about government involvement and regulations as well as news on the use of bitcoins in illegal dealings such as drug transactions and money laundering tends to have the same impact on the bitcoin price.

[Standon1]

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

The governments of major countries are to blame for that as they think it can be used for money laundering and fraudulent means, also they didn't want to accept it because bitcoin is not under their jurisdiction

[C. Bergmann]

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

Well it's normal though bitcoin is very volatile it can increase and decrease gradually , but then again the big whales are one of the main factors that affecting the price of bitcoin. It's not consistent but it's persistent though , and it's by the demand and supply on the marketplace.

[Robertqueen2]

Bitcoin as a new and innovative concept of money and transactions is undergoing a phase of instability so that it reaches a stage of stability and constancy. Generally speaking, there are some common factors that affect the price of Bitcoin such as the total market demand, the community influence, spreading rumors, etc.. . Besides, there are some backstairs influences people may not notice such as the impacts of media which, sometimes, release negative news. Moreover, some countries are still having some doubts about Bitcoin, and that is why they fluctuate between regulating it or not.

[Tigorss]

Actually physical market and digital market always influenced by basic law of Supply and Demand (Supply and Demand). If the offer is more than the demand, then the price will fall. Vice versa.

[nyerok]

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

I think that the main factor causing the price movement is from very high demand and from the total supply is very limited but now the news of cryptocurrency can also trigger the movement of coin.

[mostkey]

actually a lot, there are some things that affect for example. The demand for goods or services increases, while the number of goods or services is limited. Future views from producers or consumers. so the price is unstable and uncertain.

[ogini]

So many factors contributed to the drop or to what affected the price,the Fud,government banning cryptocurrency exchange, petitions for strict regulations.

[dekafee79]

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

I think, Its mostly demand and supply that affects the price, but when it comes to bitcoin the price is manipulated by the whales by creating two conditions according to their needs, hype and panic. By doing this they become successful in controlling the price. but, it need a big money to controll the price

[quirman77]

I think this is because many countries are still banning the circulation of this crypto currency. that's why I think the bitcoin price goes down.

[Jcabudx]

For me the supply and demand of bitcoin in the market affects its price. Because if the supply and demand of it is too low bitcoin price has to lower their price too. And if the supply and demand is high they have to make a high price too. But it is only my opinion. So what's yours?

[JiuMiBe]

supply and demand of any kind of electronic money will affect its price. An electronic currency has a lot of supply, but less demand, its price can not be increased. While an electronic currency has a limited supply, it is expected to see significant price increases. To a certain extent, this particular factor is the driving force for Bitcoin to rise.

[traderethereum]

for me, the most affect the price is because people panic with the price and they don't think twice before they made a decision. and if people panic, they can do whatever they want including to fast selling their coins and this will cause the price down too deep and imagine if more than 30% trader do this, it will make the price fly to down.

[Tipsters]

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

It always goes slowly down at the beginning of the year. It is because ICOs and projects involving cryptocurrencies for this year are only starting. By the ber months however, we could see that the price of bitcoin rises up as seen from last year. Another thing that can greatly influence bitcoin are the investors. Most investors follow the pattern so that they can buy bitcoin at the right time.

[XpanderaX]

I think that most affect the price of Bitcoin is the people that exist or play Bitcoin itself. Indeed there are influences from outside, such as bad news that he said could reduce the price of bitcoin. but I think the biggest one is the people who hold the Bitcoin itself, if they do not panic and continue to hold their Bitcoin. Bitcoin prices will not go down that far.

[Crypto26]

people who panic easily sell their btc. lack of knowledge is a big factor, knowing which one is fake news and not.

[SellBuyAcc]

When the price of btc turn so high up to its highest peak, people really went to panic selling which really really affect the value of btc at all, because once someone is selling their coins even in small amount of btc, it affect because that is how btc working it's in every cents no matter how high or low it.

Anyway, I hope someday people will be enlighten to invest again for long term in bitcoin.

[InterFinex_JB]

Like in any economy, supply and demand! Supply in crypto is the number of coins currently out in the market and its corresponding volume while demand is the number of players who are willing to utilize coins and invest in crypto. The influx of various alt coins made the supply volume big while demand is low because of the fewer number of people willing to invest. Also outside factors should be considered. One is the  gold price becoming cheaper than crypto making investors buy gold instead of coins since gold is non-volatile as compared with cryptocurrency.

[sari_]

which affects the price of cryiptocurrency among the bitcoin buyers. especially people who have large capital they can raise the price of coin in quick time.