what affects the bitcoin currency?

[clubminer]

Hi,
is there anything else, which affects up and down the bitcoin currency?
why go up and down so sharply?

Thanks before 

[keithers]

The price at which people are willing to buy and sell bitcoins affects the price.  This is affected by the negative or positive perception of news regarding bitcoins...

[SirBitsalot]

The price at which people are willing to buy and sell bitcoins affects the price.  This is affected by the negative or positive perception of news regarding bitcoins...

^ yes. Think of it like stocks. The general demand for exchange is what fuels current exchange rate for Bitcoins

[ning]

To paraphrase a cool statement from a friend, "A Bitcoin will always be worth a Bitcoin." Just thinking out loud:)

[aminorex]

rabid fear and greed

[pungopete468]

That's exactly how a free market looks.

Until recently it was very easy to manipulate the price. If you sold off a thousand BTC (just to throw out a random amount) and then bought after the sledding stopped you could multiply your stash.

It's not as easy to do that now and will become much harder as time goes on. The amounts required to scare the market will become increasingly higher as confidence goes up and the possibility of a return decreases.

[TheButterZone]

Leaves falling in the forest.

Potato.

[Erdogan]

The single most importan parameter is the number of users. On top of that, we have speculation. The speculators considers the news, and different speculators make wildly wrong short time predictions in both directions based on it.

[RenegadeMind]

One thing that people are forgetting is how many new technologies, products, and services come out for Bitcoin. They make Bitcoin more attractive, draw in new users, and also accelerate the velocity of money. They are key drivers for Bitcoin.

[qiwoman]

Bitcoin is functioning in a chaotic free market economy and is dictated by that. If say there is Bad news in China or another country regarding Bitcoin there is usually a sell off. If the big whales decide to do a pump and dump there is a sell off. If there is good news regarding bitcoin like some new business taking it on or another bitcoin startup is successful then price goes up as well as the demand driving the price up more and more over time as more and more people want to own and buy bitcoins.

[hilariousandco]

Hi,
is there anything else, which affects up and down the bitcoin currency?
why go up and down so sharply?

Thanks before 

Panic sellers effect the price.

To paraphrase a cool statement from a friend, "A Bitcoin will always be worth a Bitcoin." Just thinking out loud:)

Yeah, a Bitcoin will always be worth a Bitcoin. Maybe one day we will peg $ & £ to BTC instead.

[brewok]

and the number of stores that accept bitcoin.

[CaptainBeck]

Idiots who listen to the troll box on blockchain.

So many things affect and effect the cost of BTC i dont think we could name more than 50% of all the things that effect the price.   

[mhmgs]

If every country brings regulation to trade these currencies, it grows slowly. Is there any base value to these currencies?

[cheeseburger123]

  Scam and Sensibility

[abacus]

This -> Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1

[keithers]

the rise and fall in values of bitcoin is pretty close to the way mortgage interest rates increase and decrease.   They shift back and forth from economic reports and speculation almost exactly the same

[el_Tico]

Currently, the biggest factor in the price is the adoption rate. ie: Number of bitcoin wallets created.

In the future, the movement of other currencies will affect it's price. That is when adoption rate maxes out.

[miketonic]

Leaves falling in the forest.

Potato.

Many markets seem exactly like this

[Sonny]

Currently, the biggest factor in the price is the adoption rate. ie: Number of bitcoin wallets created.

This is the long-term factor.
The short-term factor are FUD and pump and dump.