what affects the price?

[tramadols]

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

Have you missed the news? do not you know what happens to the development of crypto especially bitcoin? the results of corrections and prohibitions are the masterminds of this decline. almost three months we have seen the market is always red. maybe you should be more diligent again looking for information

[deepakg2m]

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

A major factor affecting bitcoin is the government. Governments plays their games just to decrease the price of bitcoin by making it illegal which is it is not. Another factor that influences bitcoin are the exchanges and I am sure that you are aware of that as of now. Lastly, if you would do your research, you will see that the movement of the price of bitcoin is slightly similar than the past few years which tells us that for this moment, bitcoin is consistently repeating its trend.

You are correct.The major factor is government which influences the price of BITCOIN as well as another cryptocurrencies .But sometimes it has a positive effect and some times a negative one.

[adekunleoyediran]

 i think one of the things that affected the most is price of btc is the big amount of miners

[unknown-user]

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

All I know is that, the biggest thing which affects the market demand of a crypto such as Bitcoin is the demand that it is having from the market. That's because a prixe of something in the market is dependent with the demand. Such that if one thing is in demand, surely it will have a high price. Demand changes a lot and it can be surely seen on how it reflects to the market value of Bitcoin at this moment.

[klebsiella]

I think the reason why bitcoin's price is going down is because of government restrictions on bitcoin. Aside from the regulations enforced by government on bitcoin and it's transactions, factors such as the demand, supply, positive and negative publicity from the media has an impact on bitcoin's price.

[Maikl]

Most likely, the price is strongly influenced by the news background around the cryptocurrency and bitcoin in particular. Now it continues to ban all social networks to advertise ico. Accordingly, fewer people began to enter this market, the demand is less. (sell more than buy) hence the market decline. For good growth we need a lot of positive news and a lot of new investors)

[natalagerman95]

I think that the price is influenced by different factors and it most likely could be that the price is controlled by people standing higher and bought bitcoin in large numbers.

[NeverSop]

I market the cryptocurreny price adjustment is very normal. Affecting the price of coin in the cryptocurrency market has many causes. It has the dynamics to grow. Having overcome that volatility, the cryptocurrency market will confirm its strength in the future and grow.

[Latviand]

I market the cryptocurreny price adjustment is very normal. Affecting the price of coin in the cryptocurrency market has many causes. It has the dynamics to grow. Having overcome that volatility, the cryptocurrency market will confirm its strength in the future and grow.

There are many reason that affecting the price of bitcoin. Bitcoin is volatile, means unpredictable, and i think thats normal. The bad news about bitcoin, spreading on the social media. The big whales are doing some strategy, they are using social media to manipulate the value of bitcoin, and because of that they can harvest bitcoin on panic seller, so that they can earn high profit when the value of bitcoin increase.

[ronsaldo]

selling the bitcoin of people is effect with the price if you sell your bitcoin price will dump.

[nsasuiteb]

I think, it decreased because of more than one reasons, profit realizations of many people, being bubble/overpriced and panic sells. Looking at the market right now, in fact I can't see anything going wrong. This crash was not spontaneous.

[therhslv]

You need to understand that crypto still is kinda new and there needs to be some regulations , so this year goverments did some corrections in law about cryptos , tax and ofcourse ICO regulations . Thats why alot of projects ask's for KYC now . But Price drop is pretty normal in crypto . When you go from 3k USD to 20K usd then thats where you need to be very careful if you thinking buying on 20k range price . Give it a time and maybe we will see 20k soon . What will happen next , nobody knows

[davhek]

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

Futures entering the game messed everything up. The price is highly manipulated, same as they did with the gold...

[rexona]

Many factors are making bitcoin down, one of which is a lot of negative news, which makes bitcoin now down, coupled with its many investors who panicked. afraid of getting big losses, and selling his assets before the price drops lower, whereas the more that sell bitcoin, it will make bitcoin prices, falling even lower.

[adlsai]

The major impact on Bitcoin pricing is the deterioration of the governments of some countries. When the regulatory framework for the Cryptocurrency market as well as Bitcoin is not finalized, the governments of several countries issue a ban on the use of Bitcoin as a trading currency. For example: China, Korea ... That has caused bad impact on the psychology of investors. Along with a large number of investors from these countries withdrawing from the Crypto market has negatively affected the value of Bitcoin.

[Brigalabdis]

Many factors are making bitcoin down, one of which is a lot of negative news, which makes bitcoin now down, coupled with its many investors who panicked. afraid of getting big losses, and selling his assets before the price drops lower, whereas the more that sell bitcoin, it will make bitcoin prices, falling even lower.

yes, when there has too many negative news regarding bitcoin, the demand was getting poor and also it is the reason why the price are still dump.  Actually, one of the reason are when one of some big country who has a big contribute by bitcoin was planned to ban it, the price was getting low and almost it is low.

[MBAPOLIN]

I think, when price is decriesd totally mind is chage. one the others issue BTC no permit government., one of the reason are when one of some big country who has a big contribute by bitcoin was planned to ban it, the price was getting low and almost it is

[Joyawan13]

Many factors are making bitcoin down, one of which is a lot of negative news, which makes bitcoin now down, coupled with its many investors who panicked. afraid of getting big losses, and selling his assets before the price drops lower, whereas the more that sell bitcoin, it will make bitcoin prices, falling even lower.

yes, when there has too many negative news regarding bitcoin, the demand was getting poor and also it is the reason why the price are still dump.  Actually, one of the reason are when one of some big country who has a big contribute by bitcoin was planned to ban it, the price was getting low and almost it is low.

lately there's a lot of negative news about bitcoin, maybe it's true that you talk about it, more and more investors are selling bitcoin of course bitcoin prices will decrease, now many new investors are buying bitcoins at high prices, and they believe only about negative news that leads to bitcoin, so they panicked and sold some of their bitcoin even though it was a huge loss, because they were afraid that there would be more losses.

[MonaLeeTracy]

Many factors are making bitcoin down, one of which is a lot of negative news, which makes bitcoin now down, coupled with its many investors who panicked. afraid of getting big losses, and selling his assets before the price drops lower, whereas the more that sell bitcoin, it will make bitcoin prices, falling even lower.

yes, when there has too many negative news regarding bitcoin, the demand was getting poor and also it is the reason why the price are still dump.  Actually, one of the reason are when one of some big country who has a big contribute by bitcoin was planned to ban it, the price was getting low and almost it is low.

the price of bitcoin down it does bring bad influence for its users, especially with the gosib that is not true also, then increase the unbelievers.

[oni4an]

Many factors can affect the price of crypto. Today one of the most important factors are the news. If someone significant in world crypto said bad news, the market goes down.