What are the impactors of Bitcoin price?

[charlzyeby]

Basically bitcoin market is driven by the forces of demand and supply. However, the demand and supply forces are also dependent mostly the news, whether good or bad news. When there are good news about bitcoin moving around on the internet and social media, people begin to develop strong interest in buying bitcoin. The reverse case also affects the price of bitcoin.

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[batang_bitcoin]

1. Law of supply and demand. (Number of bitcoins in the market and in circulation)
2. Volume of trades
3. News
4. Speculations
5. Whales manipulation

Almost the same factors with the others in my own point, these are the things that what gives bitcoin a wave for its price.

[Pearls Before Swine]

Hi, I always try to understand the science of bitcoin.

There is no science as far as the factors affecting bitcoin's price.  I'm not an expert in economics of finance by any means, but I have observed that bitcoin is very sensitive to rumors and bad news.  Good news like when Overstock.com started accepting it tends to get absorbed pretty quickly, but negative events (or the possibility thereof) and uncertainty definitely play a role.

As of right now I cannot figure out why bitcoin has dropped so drastically in the past couple of months, since there hasn't been any bad or even lukewarm news to account for it.  People just seem to have got their fill of it and we're in a lull.  So if you are looking for factors to analyze, I would say keep your finger on the pulse of how people are feeling about cryptocurrencies in general.  There doesn't seem to be much else to look at.

1. Law of supply and demand. (Number of bitcoins in the market and in circulation)

That seems to be the majority of what accounts for price fluctuations.

[iqlimasyadiqa]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

factors that greatly affect the price of bitcoin is the demand factor. where as more and more bitcoins are used then the price will increase and as fewer are attracted to bitcoin the price will decrease. that's why the bitcoin price always fluctuates every time.

[Caxton10]

You can see in this link
http://forexindonesia.org/bitcoin/the-factory-factors-price-prices-bitcoin.html
in the reality there are three factors that affect the movement of bitcoin, including:
1 Volume And Bitcoin Distribution
2 Speculation of Trader
3 Fraud Mode Involving Bitcoin
the rest you can read on the link

This was helpful, myself have also been trying to figure out the price determinants of bitcoin

[batang_bitcoin]

1. Law of supply and demand. (Number of bitcoins in the market and in circulation)

That seems to be the majority of what accounts for price fluctuations.

Yep majority as is.

factors that greatly affect the price of bitcoin is the demand factor. where as more and more bitcoins are used then the price will increase and as fewer are attracted to bitcoin the price will decrease. that's why the bitcoin price always fluctuates every time.

Correct, if the demand goes high and people are buying bitcoin then it makes the price fluctuates higher. But expect that this won't last as there will be swings that will come. If bitcoin won't fluctuate or it will only move with a positive line, it won't be the best coin of all.

[ov3rflow9x]

The science of bitcoin is not so easily understandable, sometimes I am rellying only on my intuition and luck even.

[Claudyah]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

Very fast price movements occur because many people are afraid of losing profits quickly and if we ask who those people are big investors who keep some of the money in a very large capacity in bitcoin. And that becomes a benchmark for an increase or a decrease in prices.

[imstillthebest]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

Very fast price movements occur because many people are afraid of losing profits quickly and if we ask who those people are big investors who keep some of the money in a very large capacity in bitcoin. And that becomes a benchmark for an increase or a decrease in prices.

Almost all of us are afraid to loose profits but selling isnt the only solution to our problem because if we did sell we will only help bitcoins value to go down evenly. thats why if i were you i would not sell my coins , instead i will just wait for a while , i will wait until bitcoin reaches again its new ath which is 19 to 20k usd and i guess that is the perfect time to sell because the value is verry sufficient to inflict sudden changes or further price fluctuations.

[miyaka26]

You may add the regulations, upgrade or innovation overall, cryptocurrency bans, fraudulent news, hacks and phishing sites, downtime, sometimes other cryptocurrencies may affect the bitcoin price, P&D groups, hard forks because it is free money and a lot, you can check these points from the history of the coin itself the rest has already been mentioned tons of times on the other thread.

[bozo333]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

The exact reason is not concluded but some major reasons are, Bad rumours in Crypto investment and panic selling. Most of the peoples are investing in last dip so it will growing continuously In the market but some issues are occur again so again panic selling in market. So I hope this will going to peak in future.

[garybyerz]

There are many factors which affect bitcoins price but mostly i think when demands are high then price will be increased and when demands are low then price will be decrease.

[andyward]

Bitcoin is increasing day by day whatever I think the primary factors in the development of Bit coin’s cost are request and supply, which are influenced by news: specialists, the legislature of various nations and everything that influences the authorization of bitcoin. This is the common rule of any market that affects the price. Moreover the amount and distribution of bitcoin is the another factor. So invest money in btc is great idea for new investors.

[winterland]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

There are many factors that affect the price of bitcoin, the most simple is the supply and demand, the supply of bitcoin is fixed at 21 million coins however not all of those coins are always up for sale and the second factor is the demand, the demand can change very wildly in a matter of a few hours that is why you can see drops in the market of 10% in less than a day.

[tokensupermarket]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

Bitcoin is improving day by day and its innovation really helped it a lot on attracting more investors and to become more influential in different part of the world. Investing on bitcoin is one of the best thing you could do right now since its value has become more expesive nowadays. It is not too late and you should not hesitate anymore about investing on bitcoin, do it while you still can.

[tailwate07]

1. Law of supply and demand. (Number of bitcoins in the market and in circulation)
2. Volume of trades
3. News
4. Speculations
5. Whales manipulation

Almost the same factors with the others in my own point, these are the things that what gives bitcoin a wave for its price.

You have enumerated the major factors that leave deep impact on the bitcoin prices. If we look at the prices of bitcoin two months ago, they were soaring because there was less demand of bitcoin. People were getting rid of it just because of continuous decrease in its values. Now when the prices have started recovering, people are buying again increasing the demand. All other factors also contribute to all this.

[Schmutzfrosch]

1. Law of supply and demand. (Number of bitcoins in the market and in circulation)
2. Volume of trades
3. News
4. Speculations
5. Whales manipulation

Almost the same factors with the others in my own point, these are the things that what gives bitcoin a wave for its price.

You have enumerated the major factors that leave deep impact on the bitcoin prices. If we look at the prices of bitcoin two months ago, they were soaring because there was less demand of bitcoin. People were getting rid of it just because of continuous decrease in its values. Now when the prices have started recovering, people are buying again increasing the demand. All other factors also contribute to all this.

You guys nailed it!

[winterland]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

Bitcoin is improving day by day and its innovation really helped it a lot on attracting more investors and to become more influential in different part of the world. Investing on bitcoin is one of the best thing you could do right now since its value has become more expesive nowadays. It is not too late and you should not hesitate anymore about investing on bitcoin, do it while you still can.

I agree that bitcoin is improving thanks to the efforts done by the developers but the big problem is that many of the people that should benefit the most from investing in bitcoin like poor people do not know that bitcoin exists or they are simply too afraid to invest in it despite all the benefits they could get by investing in it and that is a shame since they could change their life by investing in bitcoin before the price goes up.

[Clemcout]

This thread has many opinions: https://bitcointalk.org/index.php?topic=3215998.0

Basically no one knows for sure, but it's related to supply and demand, FUD, market manipulation, policy implementation, etc. Everything and anything at times!

Yeah, and the thing here is that even though a lot of people keep saying demand and supply which is the normal economical stuff we all know, but what we really need to know is what drives this? Certainly, we cannot say usage, because virtually everyone is investing and the percentage of people really using bitcoin as a currency is low, and to me, presently, it is just all about the whales and traders doing their thing and nothing else.

[ausbit]

Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.

Well, it is a market and it is more like an auction market with all the traders bidding which all balls down to how high demand is as compared to supply or vice versa. However, news and some other few things can have an effect on how traders perceive the market at certain points in time.

So, one may actually want to be looking at that aspect as well. Regulation is just one of the few things, which to me, I do not even believe should really be a lot of issue anyway.