Factors that affects the value of bitcoin...

[GeniusAko]

Demand and the supply of the bitcoin are the main factors that influencing the price of the bitcoin. The price of the bitcoin will only goes up if the demand of the people to bitcoin will go up as well.

[zabizana]

The price of bitcoin is determined by demand and supply. When demand for bitcoin increases, prices increase and when demand decreases, prices fall. Bitcoin that has been circulating is limited and new bitcoins are made at predictable and declining levels, which means that demand must keep up with inflation to keep prices stable. Because Bitcoin is still a relatively small market compared to the actual potential that can be achieved, it does not require a large amount of money to move the market price up or down, and therefore the price of bitcoin is still very volatile.

Source: https://bitcoin.org/

[hh4mmm]

I think one of the factors that can affect the bitcoin price is bad news or FUD's that can holders sell their bitcoin because they think that the price of bitcoin will drop and the other factor is there are some group of a pump and dump that can manipulate the value of bitcoin and the other thing is there are many scammers out there that use bitcoin as their presentation that is why people didn't trust bitcoin because of this reason.

wow that is really true about this case, even me i have been wondering how it and how can bad news affect this bitcoin moreover is the global currency and also the first digital currency so i don't think if negative news can bring down.

[Pemburu dollar]

The big Powers ' attitude towards Bitcoin directly affects the mood of the market, which leads to the tendency of most people to invest.

I think there are many scammers out there who use bitcoin as their presentation that is why people don't trust bitcoin for this reason. And one of the factors that can influence the price of bitcoin is bad news or FUDs that can sell their bitcoin because they think that the price of bitcoin will go down and another factor is that there are several pump and dump groups that can manipulate the value of bitcoin

[thefatman82]

Hey guys,  i need some suggestions and opinions about this.

There is a big amount of those but one of the main that I can point out right now is that that EFT thing, that everybody are talking about, so we can see it as postponing of that decision is affecting the price negatively.

[Stac]

  Bitcoin is a digital decentralized currency that helps people to transfer fund  in a peer to peer way without a third party influence. Since Bitcoin is a decentralized Bitcoin is not controlled by the government or any  other banking sectors .Bitcoin  is supported by blockchain technology and it keeps the ledger of all digital transactions that are made through the Bitcoin network . The blockchain  technology serves as  the major issues  in digital transaction that is double spending is not possible .

[Omighty28]

The main reason for the fluctuation of Bitcoin is due to the stage that it is in. Currently, the coin is still in the development and nascent stage. Too many rumors exist around how legal the currency is. The common citizen is learning about the existence of the currency.
Presently, the digital currency can be compared to a young child growing up; it becomes hard to determine the growth pattern of the child until they reach a certain stage of maturity.

In the short term, though, there are plenty of factors that contribute to the fluctuation of Bitcoin value. These factors include; Hacking, awareness & recognition, Fear of Missing out (FOMO), and Fear, Uncertainty & Doubt.

[Omighty28]

Nevertheless, when people invest in Bitcoin and end up selling in huge numbers, it can end by having the market crushed. This always is the case when the merchants invest too much Bitcoins in the market with the primary intention of accumulating profits within the shortest time possible. When they are done with their mission, they dump everything, and this leads to the crypto market being adversely affected.
Many people always tend to rely on media as the most reliable primary source of information. The only problem is that when media collects data and uses that to draw conclusions, they don’t always present things as they really are

[Michelle_Wood]

When people sell their bitcoins, they help banks to dump it. People should avoid selling when they hear negative comments on virtual money. The more we panic and sell, the more the currencies lose their value. On the contrary, talking about the crypto everywhere and every time is good. More ads are good to boost the value of products. It is a simple marketing principle. It does not matter if the comments are negative or positive. Let us just keep chatting about cryptos and this will boost somehow their value. Remember not to panic and to sell everything. Be patient and the market will do the rest.

[DiabolicAnt]

There are lots of them, but the main is the influence of the crypto community. These people are the closest to the crypto world so their opinions mean a lot.

[Eigig]

One of the simple reasons that affects the value of the value of bitcoin and other altcoins in the market, is the supply and demand of coins in the market, In economic if the supply of coins in the market is plenty the price of it will goes down, while when the supply is scarce ,the price value will goes up because of the high demand and little supply.

[Kita Kita]

There are lots of them, but the main is the influence of the crypto community. These people are the closest to the crypto world so their opinions mean a lot.

For me the factors that affects the value or the price of bitcoin is all those people who are not holding there bitcoin when the market will be red. And i also think that we the traders are the one who are really affecting the price of bitcoin.

[zwiggel]

The most influential factor, quite clear and obvious, is speculation. Bitcoin speculation can bring huge profits because folk often have the phrase "high doses". The risk of this currency makes it attractive to speculators. As a commodity, the value of Bitcoin is determined based on supply and demand.

[ziac]

Bitcoin price determined by that demand, finite supply causes the demand thus making the prices of bitcoin rise.. Regulations and attack from the mainstream media could cause small dump from weak hands also  negative news against bitcoin could cause price fluctuation nowadays

[Darz299]

There are many that affect the decline of bitcoin, including regulations and government policies, some state governments prohibit bitcoin trading in their countries, the negative news that circulates on social media also affects the decline in bitcoin prices, investors become doubtful because of the negative news they hear, there are many hackers also become a trigger for the bitcoin price breakdown,

[meaamir86]

Bitcoin (and cryptocurrency and general) is such a young concept that many traditional systems of belief about the way that assets behave don’t really apply to it.

While the decision of whether or not to ‘hodl’ your coins is tough, no one can say for certain what the right thing to do is–anyone who does is lying.

The truth is that no one can predict the future. However, we do have the unique opportunity to watch the future of Bitcoin unfold. If nothing else, we know that’s going to be damn interesting.

[pungopete468]

The issue is a big factor that I think is very significant in terms of bitcoin. as we know. now it has been proven that more and more news and also more and more issues are making bitcoin its value decreases

[henlity87]

There are a lot of factors that can affect the value of every cryptocurrency particularly bitcoin like FUDs, hacking of a crypto exchanges, government moves against the cryptocurrencies, negative developments that related to bitcoin and uncertainties in the crypto market. The rise of the bitcoin price is still depend on investors and buyers perception and not on the news or any positive developments that related to cryptocurrencies.

But I think that now people are becoming too much clear and getting confident about bitcoin and other altcoin investment. They are now investing their money in crypto currencies and are getting a good profit from it.

[BossMacko]

I think bitcoin fully follows supply and demand. As for what affects supply and demand is speculation of traders who predict or monitor bitcoin reporting in the media.

For me the factors that affect Bitcoin price is first good news from advertisement like social medias after that acceptance of Bitcoin by people, small and big companies then Supply and Demand comes. Lots get rich in Bitcoin especially last year 2017.Some already quitted crypto and on vacation so we need more new investors again for the price rise again.

[bettybuttun12]

I think one of the factors that can affect the bitcoin price is bad news or FUD's that can holders sell their bitcoin because they think that the price of bitcoin will drop and the other factor is there are some group of a pump and dump that can manipulate the value of bitcoin and the other thing is there are many scammers out there that use bitcoin as their presentation that is why people didn't trust bitcoin because of this reason.

Very good answer. I like the view with you.