what affects the price?

[godrey123]

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

there are many things that contributes to the increase and decrease of cryptocurrency price in the market, one of which is the number of users/investors on the crypto, When more people invest in crypto, because of its limited supply,its value will increase. But in the past months many of the investors sold their coins. Because some people created fear by publishing fake news that lead the investors to sell their investments.

[DimensionsOfHell]

The state of overbought and a serious decrease in the price of an asset are quite normal consequences of rapid growth and normal elements of general growth. If we look at the bitcoin rate in 2017, we see that with a positive price trend over the past year, the price growth was based on the principle of "two steps forward, one step back."

[CryptopreneurBrainboss]

Mostly the news and people emotions.
FOMO and FUD affects the price greatly
But don't forget the Whales controlling and manipulating the market. They create Pump and Dump, especially in small Alts market.

The above user have said it all.

But if you were following the market you will notice it's recovering beside what do you expect after a major pump from 3k last year to 20k? A big correction that's the answer. So definitely it was just a correction and also the ban news played a key role in dipping of price.

[raddish]

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

Although we know that bitcoin prices is determine by the supply and demand, after some research i done i also believe that the how the global market perform and the governments regulations do play a big part in determine the prices of bitcoin too.

[wasaisisisi]

It depends on the investors who sell it because it is one example that gives a big effect on bitcoin prices. But I'm sure by the end of the year like last year bitcoin will increase again as more and more new investors are starting to invest in bitcoin. I hope to new investors in bitcoin not to drop the bitcoin price.

[vonnyaries]

for the Q1 of bitcoin i dont know why the price of bticoin is down, but some people said that its because the price of bitcoin is too high and that is the time of correction, which mean that the price of bitcoin will go down. but usually the price of bitcoin is affected by the news in the public

if for now as far as I know the bitcoin is going up bit by bit and that's also a lot of bitcoiners who are excited about all this. so we should be grateful for what we hear, this news is very difficult. hopefully also the price will add up again.

yeah right now the price of bitcoin is going up, maybe the price of bitcoin is going to $20000 again, or maybe makes the highest price again? maybe $30000 or more? and i hope that it will happen soon, or maybe stay stable right now

[cunese]

The different news in the society will always affect the price of BTC, because the good or bad news will cause the price of BTC to fluctuate continuously.

[danbitcoin1]

There's many reasons for the price rising and falling. The liquidity is still so low though that a single person/company can still easily crash or pump the market if they want to.

[Choghonl]

The thing that affects the price of the bitcoins is simple economics its about demand and supply bitcoins price inflate so much last December because of the demand the more demands the higher to price gets but after that people,investors and bitcoin holders panic sell their coins afraid that it will decrease in value and which also resulted in the price decrease of the coins the small market of the coins also come to play here which means that small amount of money can affect the price so much causing it to fluctuate.

[kariky_123]

Furthermore, I hope in the near future it will rise again and I do believe that it will gradually go up.I believe that demand plays a major role in any industry based on my classes in Economics. We all know that the price of bitcoin is volatile and it always changes and it is normal to happen so that there is nothing to worry if the price of bitcoin fall down.

[Minionnn]

There are many reasons affect the price of bitcoin. The price of bitcoin depends on the needs of the user. Not only that, the media also greatly influenced the price of bitcoin. I remember when the media reported that the US will prohibit bitcoin, many people confused and they sold bitcoin. Then the price of bitcoin has dropped sharply.

[00DKM@]

Yes, the crypto market is very young and has not been properly managed and controlled in terms of information as well as legitimacy. It is easily compromised by any FUDs from communication, government, turmoil and paranoia by investor and user psychology. The most basic is still dependent on the mining process versus the user needs.

[shanewolff]

In any market  what affects the price is SUPPLY &DEMAND , considering the circulation is low and DEMAND is high for brtcoin that is the most affecting factor,  news from different government actions and rumours also can affect the price up and down time to time.

[mdripon]

They have many different types that make the bitcoin price dump and pump. Because of the fake news the newbie will make panic selling of the holdings so the price will go down. Because of the big investors the price will pump.

Bitcoin prices have many cases to affect. firstly, It is said at one time that Bitcoin will be banned in America. Due to the fact people gave up Bitcoin. secondly ,Investors from other countries lifted their investment from Bitcoin. Moreover, the price of Bitcoin has been affected due to the arrival of other coins in the crypto market.

[Victorias]

The price is affected by supply and demand in the market. Doing news with the FUD can be manipulated and managed by the price. Everything happens exactly in this scenario.

[Thomas petersen]

Bitcoin price is similar to the principle of gold price. In case of gold the price depends on the mining cost, same goes for bitcoin when it need to solve more complicated equations. Also the demand and supply another cause of price shifting. Some factors regarding govt. issues and media's bad perspective about bitcoin are also responsible for increasing the price.

[iL_P4driNo]

Bitcon price or value is defined by demand and supply in the market. Many factors can affect the demand for Bitcoin:
https://theconversation.com/four-factors-driving-the-price-of-bitcoin-87244

[barsametu01]

Most Price affects reason is false and panic news and false rumor via media . also political and international news also affects the price most , different ,different news of the media and social media also cause of the price down.

[popoyuyun]

What affects the bitcoin price is the investors who invest in bitcoin. Because that's where I see the market price is seen in the hands of investors. At this time bitcoin prices are stable also the influence of the investors.

[abiola1]

To my own sensible conclusions, the availability of local bitcoin retail brokers is the major factor. because Bitcoin price is determined by supply and demand. Supply is well defined and well controlled. New coins only enter the system through mining. Mining generates new coins as an incentive for proof of work. This process generates new coins at a fixed rate. The number of bitcoins in circulation at any time is calculable. (One factor that should not be forgotten is the amount of bitcoin that are being kept in reserves. In velocity of money calculations these are considered out of circulation)