What is the factor that affects the price of bitcoin

[Susano]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

[1715486601]

1715486601

[1715486601]

1715486601

[1715486601]

1715486601

[Mahanton]

News
-Neither creates FUD
-Neither creates Fomo

Huge events
-Neither positive
-Neither negative

Some personality shilling
or spreading out basing on what are the things they do have
in mind.

This is why its really that hard to guess up whether these things could make out some
effect or not on the time they would be seen on the market.

[mk4]

In the grand scheme of things it pretty much just boils down to supply and demand. There are things such as hype/publicity/news, institutional/retail interest, etc — but in the end, they pretty much fall under the supply and demand umbrella.

[adaseb]

Right now and pretty much right after Covid broke out it was it’s correlation with macro and especially with nasdaq index. It follows nasdaq closely because those are mostly tech stocks and Bitcoin is obviously tech related.

During Covid crash it was risk off mode and the panic of the stock market turned onto the crypto markets. Then when the stimulus hit the risk on from the stock market followed the crypto markets. Until the fed rate hikes and both stocks and crypto went down. So macro is very important right now for crypto.

[blockman]

Its supply and demand are given knowing that this is the nature of any asset that has a market. I do agree about the news, since when I started to get into this market. One huge factor that affects the price of bitcoin is the news, good and bad.
But mostly, when a bad news is inserted to the market which will send FUD to everyone, that's making the price fall too easy and quickly and that's what the whales like.

[Wind_FURY]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

The state of the economy. If it's in a recession the people would have no, or less, disposable income available to invest in stocks/bonds/cryptocurrencies.

Market sentiment is also another important element that can influence the price of Bitcoin. Because if everyone is bearish, there's less demand, and if there's less demand = no surge in price.

[AmoreJaz]

Its supply and demand are given knowing that this is the nature of any asset that has a market. I do agree about the news, since when I started to get into this market. One huge factor that affects the price of bitcoin is the news, good and bad.
But mostly, when a bad news is inserted to the market which will send FUD to everyone, that's making the price fall too easy and quickly and that's what the whales like.

basically, we are playing on this market via supply and demand. the news surrounding this market is just one of its contributing factors how supply and demand will behave and perform after it influences by such factor.
we have seen that a sudden failure of known crypto company can influence right away on the trend, however, the market will bounce once such situation has been handled.

[Jody.Drummer]

There will be many factors that affect the price of bitcoin, both internal (from bitcoin itself) and from external factors that will make price movements.
supply and demand are the internal factors that will affect the price of bitcoin, and that is probably the one we all know about. But there are other factors that will also affect the price even though it comes from outside, let's call it FUD, the collapse of several large banks, or there are major events related to the economy for example. This will more or less affect the price of bitcoin.

[mindrust]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

Coin whales.

Everything else is pretty insignificant. If the whales decide to buy, the prices rise. If they panic, the prices fall. It is that simple. Miners have very little impact on the prices because the block rewards are pretty small now and it will even get smaller after the next halving.

The central bank interest rates seems to have a considerable effect on the asset prices as well. The more the interest rates rise, the more people lose their interest in the other investment options.

[Zaguru12]

The major factor that affects bitcoin is the demand and supply rule. As bitcoin is stated to be 21million, once the price is achieved or almost achieved the price might increase because many will demand it.
Another factor is the cost and maintenance of mining tools once this gets expensive then it can greatly influence bitcoin market.
They’re also regulations or restrictions from bitcoin, economical factors like recession which when faced could prompt many to sell and could badly affect the price of bitcoin.
The most common one is scams by other altcoins or exchange crashes. When altcoins falls some investors run towards bitcoin while some that lack the knowledge of bitcoin tag it as same and could go out of it. Exchange crashes affects its price when many who actually store their bitcoin on the exchange losses it.

[tvplus006]

...In your statement or ideas, what are the elements that can influence the price of bitcoin?

The price of bitcoin, like the price of any good or service, is subject to the law of supply and demand. If the supply of BTC in the market exceeds the demand, then the price of bitcoin will decrease and, accordingly, vice versa, if the demand exceeds the supply, then the price of BTC will increase.

[Crypto_H]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

There are several factors that can affect the price of bitcoin, including:

Market sentiment: The overall perception of bitcoin by investors and traders can impact its price. Positive sentiment can drive the price up, while negative sentiment can drive it down.

News and events: Any significant news or events related to bitcoin, such as a major company announcing plans to accept it as a form of payment, can also affect its price.

Supply and demand: The basic economic principle of supply and demand also applies to bitcoin. If demand for bitcoin increases while the supply remains the same, the price will go up.

Regulation: Government regulations and legal developments related to bitcoin can also impact its price.

Competition from other cryptocurrencies: As the cryptocurrency market continues to evolve and grow, competition from other digital currencies can also affect the price of bitcoin.

Market manipulation : Unscrupulous traders and investors can use various tactics to artificially inflate or deflate the price of bitcoin.

[mk4]

Coin whales.

Everything else is pretty insignificant. If the whales decide to buy, the prices rise. If they panic, the prices fall. It is that simple.

Lol that's not necessarily true at all. Whales do definitely have a decent amount of impact in the markets, but they don't control the markets at all. The 2017 and 2021 bull markets were heavily influenced by retail traders.

[teosanru]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

In a very longer term it's obviously overall demand of the market and supply related to that asset. Also it's very obvious that potential of future earnings from that asset is also a factor in bitcoin you can say the potential of future adoption will be that factor. In the other smaller time frames, obviously it's news, new developments, whale play, legalities and all these things. In very small time frames it's generally just market makers actions.

[mvdheuvel1983]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

It is simple- supply and demand. On the supply side, there is a limited supply of 21 million bitcoins. Despite this, it is more scarce and there millions of bitcoins that are lost. We know that some people may have lost their private keys etc While on the deman side - market sentiments is what drives it.
When there is hack it affects price, when businesspeople try to make bitcoin more accessible to the public the price of bitcoin is affected. etc These are to the best of my knowledge the factors that affect bitcoins price.

[_BlackStar]

In your statement or ideas, what are the elements that can influence the price of bitcoin?

Regulation - world political situation - world economic situation - disasters - wars - failure of major projects - and many more. All of that will affect the interest of investors and traders which in turn has an impact on demand and supply. Basically this is very general question, so I think you can get quite number of reasons if you do keyword search ^{[like your topic title].}

Next, you may ask what makes it worthless. But try to read further because basically bitcoin is a very volatile asset. Also it is relatively new currency and of course it is always possible to fail at some point such as technical failure and currency competition.

[DoublerHunter]

~snip~
In your statement or ideas, what are the elements that can influence the price of bitcoin?

^There are too many factors that affect the BTC price.
Big news either positive or negative will somehow have an impact on the BTC price same as on FTX bankruptcy and the drama of Binance that creates FUD for the people which has an impact on the BTC price. These are some examples that we consider, fundamental analysis somehow is a good strategy for looking after the market when it comes to predicting the price. Though BTC is a very volatile price bit still it can be influenced by the price in different big events.

[bounceback]

Mass adoption.
Bitcoin is a Cryptocurrency whose supply is limited so I think adopters are one of the factors that greatly influence the movement of bitcoin prices because when enthusiasts for bitcoin increase while supply circulating in the market is limited then enthusiasts will of course offer bitcoin prices at higher prices in the market, imagine if one day bitcoin is well received by all countries and has use cases in real everyday life such as the use of fiat currency will most likely make its price more valuable.

[hugeblack]

Anything that affects supply and demand has an effect on the price, and if the effect is not direct, then the number of bitcoins supply positively affects the price in the long run, and therefore some news such as a country or a company buying thousands of bitcoins is a positive sign in the short term and vice versa.
The news has a domino effect, especially if it spreads and traders believe it because they will sell and thus create more supply than demand.

If you are an investor in the long term, you will not care about all these variables that affect the short term, because as long as there is demand and with our knowledge of limited supply, the price will increase sooner or later.

[Jawhead999]

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.

What's the contest do you mean?

If you think mining rigs, maintenance, electricity cost etc are the cost of production to create Bitcoin, it's not actually right because it's vary from one country to another, also many people willing to spend a lot to buy Bitcoin.

Restrictions and legal matters can affect Bitcoin price especially the big country which done that, however I haven't heard about restriction and ban of Bitcoin in the last 2 years.