Factors that affects the value of bitcoin...

[BlueStackz]

I think that at this stage of development Bitcoin depends on the government that is, it is from the decision of the ETF and of course from the bullish mood in the market !)

The utmost affect is the demand factor which is involved in almost all type of investment sources, if we demand for it then it exists and if we do not then it does not exist forever. We need the Bitcoin for the ease it makes for us that is why we are investing in it as an investment source it benefits us a lot. Furthermore its payment mode use is also in benefit and of great importance among all the payment sources.

[1715250332]

1715250332

[1715250332]

1715250332

[1715250332]

1715250332

[1715250332]

1715250332

[1715250332]

1715250332

[1715250332]

1715250332

[parapencariuang]

I think why the price of bitcoin is always fluctuating due to many factors including bitcoin is still illegal in some countries, the spread of negative issues about bitcoin, has not been legitimated as a legal payment instrument in some countries. If only all of these things could be solved, maybe the price of bitcoin would soar

[Dadaro]

Limited supply, fluctuating demand. with more bitcoin being sold, the supply lessens making the price go up.

Media attention, Positive news drives prices up, while negative publicity fosters fear and causes investors to let go of their coins.

Government regulations, Depending on the regulations, they can cause prices to go up or down. For instance, Japan decided to accept cryptocurrency as a form of legal payment back in April 2017, sparking a surge in Bitcoin price.

[10BTCaDay]

The value of bitcoin is affected only by one factor, this is the number of people who will buy bitcoin, after which it will start to grow up.

[bitzizzix]

The factors that influence the value of bitcoin in my opinion are many, and what is very influential is fake news and it greatly affects investors and bitcoin users feeling scared.
they're bitcoin users because they feel scared and then sell all bitcoin at the wrong time, and there are lots of other news that affects the value of bitcoin and I hope it ends quickly and hopes bitcoin will rise again.

[Chrisjay29]

For me factor that can effect huge in bitcoin value is people who didnt think right. They always want is to insured thier money but they didnt know that bitcoin will be more than we expect

[bitcoinminer45678]

I think why the price of bitcoin is always fluctuating due to many factors including bitcoin is still illegal in some countries, the spread of negative issues about bitcoin, has not been legitimated as a legal payment instrument in some countries. If only all of these things could be solved, maybe the price of bitcoin would soar

Basically all of them depends upon and specially stock exchange and cryptocurrency on the law of demand and supply, these is the most common law used and applied and used in the consumption industry or the general market, where this variables are inverse in relationship. If supply is high, and demand is low, then the price is low. The effect is inverse if the other factor is considered

[Barmalei06]

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

The price of bitcoin, like any commodity, is formed on the basis of supply and demand. This is the basis for the exchange rate formation of the crypto currency.
Why there is a demand for this or that asset?
the news background is one of the key factors that influences the decision to buy or sell Bitcoin. Information can be either positive or negative.
With a bad news background, panic begins - the key psychological moment of trade, the result of which, as a rule, is a depreciation

[copypastekingdom]

When some rich guy #1 buys millions worth btc, the price goes up.

Then he waits some time for others to think: Oh this thing is going up, am going to buy this now!

And then others follow him thinking how they will earn ton of money and the price of course goes up.

Then rich guy #1 sells everything on a higher price than it was before he bought it and he earns ton of money.

Simple

[Ponti]

We live in the age of information. Every day we can obtain information from vast variety of different sources. Your first steps in analyzing the markets should start from knowing how to filter out the needed information from media around you. Don’t forget that ALWAYS information can be manipulated(bought and sold). Example of factors affecting Bitcoin are : constant FUD that Bitcoin might drop to 1k. Uncertainty about legal status of cryptocurrency in different countries and jurisdictions, uncertainty about ETF and many more. Learn how to analyze the market with iron hands.

[nickwen]

In my opinion, the most influential factor, quite obvious and obvious, is speculation. Bitcoin speculation can bring huge profits. The risk of this currency makes it attractive to speculators. Since a commodity is a commodity, the value of Bitcoin is determined based on supply and demand. At the same time, the value of Bitcoin is affected by the mining process. Due to its great value, it makes people invest money in ultra-modern and expensive computer systems to dig.

[zubrr51]

Bitcoin became the first asset that began to be used as the blockchain technology, which turned out to be generally necessary.

[FlightyPouch]

Bitcoin became the first asset that began to be used as the blockchain technology, which turned out to be generally necessary.

How can you say that Bitcoin is necessary or maybe essential to us? Bitcoin is just a part of my investment, there are a lot of other investments out there and Bitcoin is just at the top of it all. It's value is affected by the transactions being made by us investors or people that are using it, the more transactions are being made means more demand and more value.

[waqasniaz007]

News FUD hype free money like last year bch hardfork. Good news increase the price of bitcoin whereas bad news cause dump in bitcoin price.

[Carreuh]

There are several factors that greatly affect the price of bitcoin, for example, the amount of supply, prohibition and ratification in some countries, negative and positive reporting, market activity and the market participants themselves, which greatly affects the rise and fall of the price of bitcoin.

[KGBx]

Our thoughts, various political and economical news, technological news as well. Mostly it is information, information is the real price of BTC.

[ELOCIN]

There are many factors to mention that affects the value of bitcoin but as what i have known before, bitcoin's price depends on the demand of the people so when the demand of people is very high, its price will also rise. Logically, its price will also go down when the demand is also low.

[Newer]

The existence of negative news about bitcoin that can affect the decline in bitcoin prices, supply and demand can also affect the price of bitcoin. If bidding is more than demand, the price of bitcoin will drop and if demand is more than bidding, the price of bitcoin will rise.

[mostkey]

there are so many factors that can make bitcoin prices change, such as a fraud mode involving bitcoin so bitcoin is stamped as a means of payment for crime, issues such as Bitcoin's refusal on a country can adversely affect the price of Bitcoin. Many sell Bitcoin when such issues occur. Conversely, if news spreads about large merchants such as Amazon that can accept Bitcoin, it will have a positive impact on Bitcoin

[Nnedaddy1]

The one  major factor that affects the price of bitcoin is its high volatility  nature.
The volatility is the reason why potential investors feel reluctant investing in bitcoin because they feel bitcoin is scam.
The volatility pushes investors away  , which accounts for the low bitcoin adoption rate in recent times..... Which has resulted to increased supply and few demands for bitcoin.