what affects the price?

[alvinmtp]

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 demand is a major factor that affects price (all other factors being kept constant e.g FUD). However, we know thaat manipulation is now the order of the day since the futures guys started bitcoin business in December 2017. But really the main factor should be demand, i did not mention supply because i take it to be almost constant since the number of people adopting bitcoin daily far outweighs the rate at which new bitcoin come into existence and with increasing difficulty rate of mining. So increase in demand keeps pushing the price higher

[Dimon8]

I believe that the price is most affected by human greed, and other negative character traits.

[cutecute]

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 it's because of the user so that it affect the price. When there are so many user here the price of it becomes low and that's only my opinion. Other said that the price of bitcoin is affected by the investor's but for me the major factors that affect it is the market.

[Dudesss]

One thing I am sure of the reason is because of the whales who can manipulate the rice of Bitcoin which making the price either high or low.

[Twinscoin2017]

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 it's because of the user so that it affect the price. When there are so many user here the price of it becomes low and that's only my opinion. Other said that the price of bitcoin is affected by the investor's but for me the major factors that affect it is the market.

The price is become affected during the bitcoin faces some negative issue which leads every investors lost their trust and their faith on bitcoin. So then the direct effect regarding to the price on the market place may take its place. And then the volume of the investors decrease leading on to the price goes down low.

[Blekok001]

Things that greatly affect the price of the bitcoin is how market response against the Bitcoin is accompanied by a clear rule of law to be able to protect the perpetrators of the Bitcoin market personage who would commit fraud or any form of cheating with on behalf of Bitcoin.

[sneeze11]

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 the user is the reason so that the price of bitcoin is changing. If there are many users , the price falls down because if there are many users,  the demand is high so the price is falling which makes the price change.  I think this is the one factor.

[oniracnai]

I cant answer the question. I'll make a follow up question rather. Does the economy and status of world affect also the price?

[DatKing]

The governments can effect Bitcoin and cause its price to go down and up.  People can effect Bitcoin price too. For example; when the number of Google searches start to decline, Bitcoin price is effected in a bad way too.

[olyolali]

in my opinion that affect the price down is a lot of people who sell than people who buy so no wonder the price goes down
so if you expect the price to go up then be patient

[NinjaCryp]

Practical in the crypto market. bitcoin to me is a kind of investment, a real product. Therefore, the supply and consumption from the user will be the essence to affect the bitcoin value. In addition, the market has not been managed and controlled, and efforts to generate FUDs and distractions have always affected the market. In other words, the reaction and impact from the consumer and external influences will affect the bitcoin value and the market.

[izanagi narukami]

Let's compare on 2009 price and 2018's

What's affect the price ?
People's demand but why every people seek bitcoin ?

In this digital era, people prefer something fast and cheap transaction so yeah.. bitcoin is the answer and become the salvation !

[piebeyb]

I'll give you a little bit of my analysis of the bitcoin price next

2012 - bitcoin halving
2013 - moon
2014 - problems created from mtgox and others
2015 - re-build
2016 - bitcoin halving
2017 - moon
2018 - the problem is still being created
2019 - re-build
2020 - bitcoin halving
2021 - ? you know that

http://www.bitcoinblockhalf.com/

Do you see bitcoin going to the moon, somehow it happens a year after bitcoin halving, so what do you think is affecting bitcoin prices you can get a little answer above 

[nerlial]

The price of bitcoin depends on 1. News 2. Governments 3. Whales who have a lot of bitcoin and which can influence the market 4. The faith of people in Bitcoin. Before the new year, many bought bitcoin for 16,000 - $ 20,000. And then they sold it with a minus. And they have repulsed all the desire to enter this unstable crypto currency.

[harobaru]

when people invests money in bitcoin. than its affected to bitcoin price. in digital currency you should take patients to sell bitcoin.

[Duogembrot]

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

just calm now has been running for half a year and in my opinion for now bitcoin prices have shown price increases so to return to the price of $ 20k again seems very easy and it will happen in the near future. at least bitcoin from year to year will create a price difference and create a record for the highest price.

[Rrotess]

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

Mate the reason is simply to us which we always dump our coins and less buying it.when we always dump or sell our coins the big possibility of this was the market turns into red that the value will goes down.

[conceivedspoon2]

The usage and the acceptability of the cryptocurrencies. Once there is usage of the cryptocurrenies and compare to the emerging market, the price is bound to increase

[bellakrstna]

some people with a great amount of coins may affecting the market price because they can dump the coin anytime.
they are called "whales". but this is just one of many factors that can affect coin price.

[MD Milon]

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.