what affects the price?

[Coffeehot]

i think the government's policies have led to a drop in the price of bitcoin . bitcoin is more than $20000 , which scares a lot of governments , who believe that bitcoin will absorb all of the world's wealth , so they made some bad policies about bitcoin .

[kissme09]

Many countries banned Bitcoin because of speculation and investors did not invest in social projects that left the nation losing significant taxes. Many criminals use Bitcoin for illegal money laundering so many countries have banned Bitcoin from influencing its price, as many investors worry that the government knows they are holding Bitcoin out of business.

[dvillier]

i think the government's policies have led to a drop in the price of bitcoin . bitcoin is more than $20000 , which scares a lot of governments , who believe that bitcoin will absorb all of the world's wealth , and that their policies are making bitcoin cheaper .

Nope, government policy have not such a big affect on price of bitcoin. But it totally depend on the demand and supply of bitcoins in market. Sometime demand of bitcoin is increased too much in market due to which price get pump with a quick speed while sometime demand got down due to which price is also got down graph mean dumping. As that is the main logic behind the price pump and dump.

[dogz12]

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 law of supply is the main basis of why prices fluctuates from time to time. Demand can be affected by a lot of factor and a very good example is negative reports and articles. I think the recent dip was mainly caused by it. It resulted for hodlers to get emotional that resulted to panic selling.

[Opalcoin4.r]

The more people are aware of bitcoins the more they embrace them and the demand for them increases.

[Xester]

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 primary reason why the price of bitcoin fell from 20k dollars is because of bitcoins overvalue. Because of this a correction happened and bitcoins value fell down to 10k$. But after it fell to 10k$ many bad publicity and unprecedented events have impacted bitcoin such as MT. GOX selling huge amount of bitcoin, banning of cryptocurrency by Google, Facebook and Twitter and lastly the paying of taxes by the exchanges.

[Mwalshe89]

The extent to which the effectiveness of transactions, the number of exchanges, companies, entrepreneurs who are ready to accept a certain crypt for payment, the level of security and confidentiality, the number of exchange offices in which it is possible to exchange crypto-currency for traditional money and, of course, will affect the extent to which the crypto currency is needed. same, investment attractiveness.

[hot_ads]

Volatile markets and volatile policies have always affected the price of BTC, and there are too many uncertainties.

[Restmand]

Volatile markets and volatile policies have always affected the price of BTC, and there are too many uncertainties.

There's too many reason that affects the price of the cryptocurrency in the market. And one of the most common reason is the lessen of the investor. Investor have a big factor in the lower the price of the crypto currency. And if the investor are more and more newcomer then the price is rising up it can maintain the price if the investor amd always present

[molenracing]

Many factors affect the decline in Bitcoin prices this year, Bitcoin dropped the first time this year when it will enter the Chinese new year. then people assume the price will rise after passing the new year. continued negative news about Bitcoin, the price dropped again. and people assume because of this negative news bitcoin prices are going down. obviously I'm not sure why prices can go down that far, there is also a saying that the price of this Bitcoin turunya because there is a price game. as a newcomer like me, can only keep up with developments and price changes, can not do anything!

[CryptoMoar]

In my opinion. many factors have resulted in lower bitcoin prices such as negative issues, banning of bitcoin in various countries, banning advertisements in some electronic media, mass media, social media. causing fear and lack of confidence in investments in digital currencies.

[Pan Troglodytes]

I don't know why everybody is looking for the one why behind the price movement. There are multitudes of reasons and all of them boil down to the empirical fact that after the price hits an unsustainable heights (like the 20k the OP discusses) it must and shall go down for a correction. It is inevitable and no thinking why is really necessary nor productive.

[batang_bitcoin]

what might be the reason why bitcoin's price is going down?

Plenty of traders are selling including those young lads that are panicking.

what are the major things that can greatly influence bitcoin?

News today has the biggest impact that is greatly influencing bitcoin and it's not only for bitcoin but for the rest of crypto's.

[Mudah_rezeki]

This is the result of bitcoin karna If you have Bitcoin at this time, you are one of those people who determine the price of Bitcoin. If you get there, you will sell more, then the price will move down (as the offer / offer now increases)

[N.nayem]

I think that now there is a market manipulation. Because all the emerging news in the media necessarily try to give a negative connotation, even if they are not of the original negative color. In fact, BTC becomes faster and cheaper, other new is just a noise, it could be an official payment only in Japan and Korea and nothing changed other counties just study it and started work on laws.

[Harpawan]

Many factors that make bitcoin sales value. Among them is so incessant news in mass media or electronic media that connects bitcoin negatively.
So many bitcoin holders crowded to sell it.

[castellodocet]

I'm not sure about what I'm going to say, but there's a combination of everything that floats around it.
Mainly it's because of its decentralyzed nature that keeps market floating, then you need to add every ban that got in some countries due to fear and censorship, some fake news here and there and people leaving the system because of all this negative stuff

[hajimasan]

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 actual when we were in the last of year 2017 then at that time lots of fork were going on and that was greediness for many people who were thinking to make free coins earnings that comes from fork of bitcoin , so due to this reason many people bought bitcoin and that results into increase in the demand of the bitcoin buy and that leads into increase in price of bitcoin .
But after the end of the year 2017 we find that the value of the bitcoin forked new new coins are launching at low low prices that why results into many people to sell Thier bitcoin and that results into down in the price of the bitcoin .

[Google+]

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

normally bitcoin price movements are caused by very high demand and very limited bitcoin supply but for now it seems that already it is not very applicable now bitcoin prices are influenced by the news circulating, if there is good news for bitcoin and digital currency other then the bitcoin price will go up but if there is bad news then the price will go down.

[kynaz]

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 price of bitcoin depends entirely on the investor's capital. Many people will keep it in large quantities and the price of bitcoin will increase, it is also affected by the volume of the market.
If the volume is high, the liquidity will be higher and the bitcoin value will increase and vice versa. That's my understanding of this, hope it helps you.