Topic: Factors that affects the value of bitcoin... - page 6. (Read 5273 times)

The price of Bitcoin is still mostly speculation, people making rush decisions according to the actual news, and in the same time, whales having significant effect on the market.

Truly, ETF decisions have probably the most effect on the price these days. Hope the SEC will approve the CBOE proposal.

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

Speculation is the strongest factor influencing the value of Bitcoin. At the same time, Bitcoin value is also affected by the mining process.

I think there are several factors that influence the price of bitcoin and among them are economic conditions, politics or some news and also the government's actions on bitcoin

I think we can agree, that while the price of Bitcoin in Fiat currency is very volatile, it's true value is constant. Unfortunately there are way more people, care about the actual Fiat price.
We have seen in the past, that media news can move the price of Bitcoin very easily, but I kindof have the feeling, that is not the case lately. Because in the current bearmarket, negative news has more effect, while the market is more resistant to positive news. Actually that is just the opposite, than the situation in the end of last year.
In the 31st of October 2017, CME announced the launch of Bitcoin Futures. The price of Bitcoin was than the same as now, around 6000$ , and we all know what happened. The price went up to 20000$, within less than 2 months. and other Altcoins made even crazier returns within this short period of time.
Now everybody is waiting for an ETF approval, after several proposal have been already rejected, or postponed. It is quite clear, that a futures based ETF will not be approved, and the CBOE is the only one right now, which has a realistic chance to be approved. The decision was postponed in august, and it is expected to hear decision from the SEC on the 30th of September, so we can schedule a big price movement that day. If it gets approved, I think there is a good chance, we will see something, like last year after the futures approval. Unfortunately, there is a good chance, that it will be postponed again, until february, and than it is hard to tell, what catalyst could cause the typical 'end of the year bullmarket' this year. Or maybe 2018 will be just a genuine bear year.

I think one of the factors that affects the value of coin is the fake news being heard by people who holds Bitcoin and this cause a panic and sold their bitcoins because they fear that its price will fall.
 

Well you are right with your thinking and your views but I think apart from all this some other basic and important factors are here which can affect the price of bitcoin just like demand and supply, when more people buy bitcoin it makes the price high but when more people sell it so the price gets down, so supply and demand according to me are the basic things which use to effect the price.

The first end the main factor which is affecting the price of Bitcoin and cause it to decline is the postponing their EFT decision, and hopefully one day we'll decide and accept those things 2019 will face their recovery.

One of the most important factors is the relationship between supply and demand. In the last few months, there has been no big money to enter the market, so it is clear that the market has been falling.

I think the factor that most influences the price of bitcoin is our behavior towards bitcoin, because bitcon works according to the principles of supply and demand. If we don't believe in bitcoin and act in the short term in selling and buying, of course the price will be very volatile.
So it would be better to reconsider the decisions you will make in the trading strategy and do not be swiftly affected by issues and predictions.

In fact, there are a lot of factors.I would single out 5 factors:1-Technical reason;2-Market reasons;3-Economic and political reasons;4-Psychological reason;5-Moral and ethical reasons.

There are a lot of factors that you should consider before you make investment with bitcoins. You should aware of it for you to know what is the strategy that you are going to use in order to make profit.

there are several factors that influence the value of bitcoin including media and some bad news about bitcoin that will make people not believe in bitcoin and cause many to sell bitcoin so that the price of bitcoin will drop

In my opinion, no one can say exactly why the price of BTC can reduce so, no one can say this in my opinion because the influence of the BTC is quite wide, the market fluctuates based on supply and demand, and on the whole. In the world, a normal person like us can not grasp the economic and political situation around the world to guess the price of BTC. Any thoughts?

The greatest factor is FUD. If everyone has a positive attitude, Bitcoin value will always be stable.

I think the value of bitcoin depends on the psychology of investors, the bitcoin price will go up  when they invest and buy bitcoin but the price of bitcoin will down when they sell bitcoin and invest in other major.

BTC's ETF is definitely the biggest boost to the price of BTC!
If the application is successful, the Bitcoin ETF will bring a lot of money, banks and institutional investors to Bitcoin!
Because it will increase the volume of the digital currency market and raise the price of bitcoin

And the problem seems to be that now the negative news affects more people especially for people who are in a country that has not legalized it, their belief will be thinned on bitcoin/crypto. But however everything is not over yet, all of this could be that the bitcoin process is becoming more well-known to many people and is more recognized for its beneficial role and can advance the country.

For now the biggest factor that affects the price of bitcoin is positive news or negative news, as we know that the number of negative news in various media some time ago has made prices drop and now we have to see positive news to make bitcoin skyrocket again.