Factors that affects the value of bitcoin...

[Impulseboy]

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.

I agree to this, but other than pump and dump as well as scammers, I think that hackers also affects the value of bitcoin. Because of this, some people who are interested in joining the crypto world get disheartened and does not push through with it. How do you think we solve this?

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[NelfiNovita]

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

yes there are several factors that influence the price of bitcoin, namely: bad news about bitcoin, if bad news that often appears in this forum then the price of bitcoin will go down and if there is a lot of good news in this forum then the price of bitcoin will be more expensive.

[Glok17]

Worlds economical situation, governments position regarding crypto - these are the main things that affect value of BTC and other crypto.

[Angry_Bird]

Factors that influence the value of the bitcoin:

1) government bitcoin policies and laws
2) political situation
3) social trends
4) appearance of new competitors
5) artificial influence on the value by trading at the crypto market
6) news (not always true one)

and many more. Could be something new will appear in the future. Did I miss anything?

I think you're right. There are several factors and it's quite hard to tell which is the most influencing one, but to me it is the trends in the society.

[ACCOUNTSTRADER]

Its difficult answere this question bro...  Maybe the weather?? LOL
I think the decissions of some countryes about regulate or not cryptos are very important in BTC and other cryptos price...

[sigam batat]

Maybe there are several factors that greatly affect the price of bitcoin itself starting from the supply of bitcoin to the prohibition in some countries and now cheap bitcoin is probably because the world economy is currently in turmoil that affects bitcoin itself

[BitcoinMarshal]

Demand of people for the Bitcoin is the major factor responsible for the ups and downs of Bitcoin and we can say that this time the buying rate is low and the demand rate is high. 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. Besides all these things market will soon recover as we know in the past Bitcoin recovered.

[ngano ba]

There are many factors that are affecting the price value of bitcoin and other cryptos, one of this might be the dumping of coins from the big capitalist and investors they have the power to really change the value in the market ,because if there are plenty of supply of coins in the market ,so their will be downfall of prices in the market for their are many supply of coins.

[DEGREE07]

You are correct, in particular government arrangements and laws. Numerous administrations don't purchase the entire thought of bitcoin reason being that it empties the estimation of paper cash, so they attempt to make strategies that influences the market. Another point featured is appearance of new contenders, that is another pointer, with the manner in which new cryptographic forms of money are being infused into the cryptomarket, it wont be long when bitcoin will have genuine contenders and that may influence its esteem. Be that as it may, up on till then bitcoin is still best digital currency

[kumala_abi]

There are many factors that are affecting the price value of bitcoin and other cryptos, one of this might be the dumping of coins from the big capitalist and investors they have the power to really change the value in the market ,because if there are plenty of supply of coins in the market ,so their will be downfall of prices in the market for their are many supply of coins.

since marketcap capitalization growth above $300 billions, there are many finance firm bought cryptocurrency as their portofolio.and finally it give big impact to market.they could sell their huge stock easily to market panic.

[Kentkent]

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

I think one of the factors that affects the value of bitcoin is the social media like Facebook and twitter because social media can easily lead to increase the value by positive news or topic and also it can easily lead to decrease the value by the negative news or topic in social media. There is a lot of people using social media and they can affect the value of bitcoin.

 

[katri]

Investors are the one moving the price of the market. By the law of supply and demand its very clear that the price are dectated by the amount of money put into the market. The higher the demand the bigger the price.  This system was take advantage by some of influence people or in local term the whales.. They take control the bear and bull market by moving their capital from/to the market.

[Rashid555]

Factors are many but some factors are macro and not only one person control that like bad news for bitcoin is really big for the bitcoin value and whenever bad news arise in the market different rumors when spread then bitcoin badly affected and ultimately bitcoin growth stopped then.

[Core.BUSTER]

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

One of the common factor that affect the value of bitcoin is the supply and demand. We all know that bitcoin has a limited supply 21 million and as of now many people want to have bitcoin and demand will increase and the price will also increase too. Furthermore, I think social media also have a big effect on the value of bitcoin because most of the people now use social media to attract many people who willing to invest on bitcoin and because of that the demand and price will increase.

[Best Dreams]

I strongly agree that market behavior affects the price of bitcoin, daily trading behavior, price settings by whales and many more that provide price dynamics every time

Yes market value and investment makes the price and low so all of us should contribute to it, buy more bitcoins so that we will see the value of bitcoin getting bigger day by day, when more people use to invest money in bitcoin then automatically the price gets high as demand gets bigger and supply graph will be down as it is. So we should invest never let the market effect price of bitcoin negatively.

[lonzoball0]

Political situation
Any political instability of nations can influence the Bitcoin rates. Because, Bitcoin has a wide range of uses, dealing globally, not just in the home country. Because Bitcoin is an electronic currency that is shared around the world, if a country is unstable, war, coup ... have a huge impact on the price of Bitcoin at that time.
Economy
Which country has a stable economy, development and more users, the value of the Bitcoin also increased accordingly.
Society
Good welfare regime, there are some countries that allow people to use Bitcoin to make legal payments in all transactions. At the same time, the state is responsible for protecting the rights of people when using Bitcoin is a condition for many people to participate, investment. As a result, demand for Bitcoin prices has increased, maintaining steady.
Wrong information
Bitcoin is a very new issue, containing the reader's great sensitivity. Therefore, inaccurate information, serious deviations continue to be released. This is the result of many people want to learn about this money flow, fear, fear of not dare invest money to profit ... Sometimes, because the "fake news" that the Kinh Bitcoin shares were also baffled, selling off Bitcoin ... causing prices to fall sharply, causing huge losses on Bitcoin itself.

[erominer]

One of the factors that affects BTC price movement is how fast or slow people will trust the crypto currency, more interest from different parts of the world will move the price up, any lose of trust from it moves the price down.

[resty]

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

Bad speculation from social media, negative comment from different users and also totally ban to use bitcoin can affect the price.

[7Dyoknga5]

FUD's plays a big factor. These could scare away possible investors and the current ones tend to sell their coins/tokens to "avoid further loss", thus making overflowing amount of supply in the market.

[jatin729]

Dominance --- If in future Bitcoin dominance decrease than it may effect bitcoin price.
Popularity -- Popularity is directly means demand and supply here economics function valid when demand is less and supply is high. it will effect price of commodity or currency.
External Environment -- It is included Govt. and Central bank regulation.