what affects the price?

[WellDogeo]

This market has a lot of causes that affect its value, but one of the main reasons is market news. When there is bad news, the market will go down quickly, and vice versa it will go up very fast.

[tarolina vida]

Panic selling mostly happened to people that is new to industry and sell their bitcoin like crazy, country is not friendly that cause the price to goes down, altcoin that sell into bitcoin then sell bitcoin to fiat and lastly is scammed, lot of people is scammers.

[alazne lily]

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.

[schmeckles22]

basically it all comes down to supply and demand. what affects those though is a whole mess of things from the news to other markets economys and all kinds of stuff. basically anything that is remotely connected to btc will affect the price .

[cmacwiz]

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

This is nothing but the natural behavior of all the market and this is how they used to behave, and this is how the professional used to sell their stakes to the amateur traders. The price is going down because of huge selling off from the Big exchange Mt.Gox and demand & supply are the major things which really influence the bitcoin price to a great extent. If you are thinking to buy the bitcoin in the bad market situations like right now going on then you just need to eliminate the emotions and then plan your trades to face the win to win situation.

from my experience there are lot of things that's affect the price of bitcoin . The most important one is the demand of bitcoin among the people thats affect the price of bitcoin when the demand of bitcoin increase towards the people the price of bitcoin will increase and when the demand of bitcoin is decrease towards the people the price of bitcoin will decrease . Now a days bitcoin become the number one cryptocurrency in all over the world that's also affect the price of bitcoin.

[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

I think that the drop of price of bitcoin is just normal. In tge market price may suddenly drop or go up depending on the number of investors. Also fake news also contributes on how the price of bitcoin go down. Fake news make people be afraid of bitcoin and they began to panic sell.  But I think vitcoin will go back up again and exceed the peak that it reach before

[riplete]

no one would have perfect answer for that, but I heard there is a law from US called CLOUD, which enables government to track crypto holders or something

[JiuMiBe]

Many people will buy and sell an electronic money based on its utility. In the present context, gadgets are simply useful ones that bring something to the user. In general, the possibility that an electronic currency can bring the user is solving the problem, the more solved the problem, the more it will buy more, because a kind of electronic money is useful Is it well worth it.

[crisnel26]

basically it all comes down to supply and demand. what affects those though is a whole mess of things from the news to other markets economys and all kinds of stuff. basically anything that is remotely connected to btc will affect the price .

I agree to this one, of all the answers. I also think that price varies directly from the law of supply and demand. It is the people that affect the price of Bitcoin. Every day, more people join and get involved into it, while the supply is very limited. That causes the changes that is happening to the value of Bitcoin over time.

[nakamita]

Shark

[mkcube]

I think the price varies directly from the law of supply and demand. It is the people that affects  the price of bitcoin. Another is the fake news make people be afraid of bitcoin and they began panic and sell.

[dongyi17]

Season come and goes and so is the price of bitcoin perhaps those miners or investor himself are factors that affect the prices...and also because of the demand of the supply of bitcoin that causes changes, and those speculating news even then the only thing we can do now is to wait. 

[santafewarrior1980]

Season come and goes and so is the price of bitcoin perhaps those miners or investor himself are factors that affect the prices...and also because of the demand of the supply of bitcoin that causes changes, and those speculating news even then the only thing we can do now is to wait. 

There are many reason affecting the price of crypto particularly for bitcoin, one is the circulating bad news from social media and television destructing the image of bitcoin which is manipulated by some people who wants to buy bitcoin in low price.

[canadinhano]

Supply and demand on the market will affect the price of the altcoin.

[Austin Alexis]

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

1) Skills investors taking profits
2) Change in market sentiment
3) Regulatory uncertainty
4) Countries banning exchanges
5) Speculators buying at the top without really understanding the technology
6) Transaction speeds
7) Transaction prices
The worlds economy


there are probably more.

[soraxas01]

i think it is because of economic changes in cyptocurrencies.

[hashshashin]

As we all know, a lot of factors influence the market of crypto currency, and the market situation can not be the same, because there is always a decline and an increase in prices. After such a rapid growth, which was at the end of the year - this decline was not surprising.

[lqqbyook]

In fact, all markets are the same. The most important factor affecting prices is supply and demand. But in the encrypted market prices will also receive a lot of media news, the market is not a mature market, all the news received a great impact.

[KingOfWinterfell01]

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'm thinking about the media and hacks that were recently reported in the past months. The hacks really affected the balance of pricing of almost all cryptocurrencies out there. We also have the supply and demand which is fairly obvious because bitcoins are easily sought after by everyone.

[tony kurniawan]

many things that could affect the price to increase or even to decrease and it's not just by supply and demand and how people react because of one news. but as long as we can prepare for the worst thing, then I am sure that we are fine and we can continue to do trading in many exchanges. the most important to avoid the effects of the price, we need to have calmed down and don't panic when we hear one news, bad news or good news, so we can make a decision with care.

Too many factors affect the price of bitcoin, among others, government policy, news circulating in the community up to panic sellers can affect bitcoin prices.