Topic: What factors can affect to price of bitcoin? (Read 1101 times)

I think there are many factors that influence the condition of rising and decreasing bitcoin prices, one of them is in terms of total supply is very limited and have a very high demand can also trigger a rise in bitcoin prices.

There are many factors that influence the price of bitcoin. But I think the most direct impact factor is communication. They make investors feel the vibration. Therefore, for investors and investors to invest effectively in the cryptocurrency market, investors should be calm and confident in their decisions.

World economic factors and occurrence are not really the main reaction of a bitcoin price as those factors are mostly in the forex industry and second most affected is the stock market.

The prime driver of the Price of bitcoin is the law of demands and supply, and this is what control the market price either negative or positive, the market grow when the demands are higher and also falls when the demands get down and the demands is determine by the news about bitcoin whenever there is a negative or positive new it reflect on the Price.

Bitcoin trends are affected by some factors. Positive or negative media influence the direction of travel. Bans or acceptations of Bitcoins from other countries also influence the direction of travel. Especially the active bulldozers will help it go faster and climb to the top of the mountain. 

The number one factor that affect bitcoin is the law of demands and supply and at that when the demands are high you will see the Price going high and if the demands is is low you will have a low price so to me what determine the Price of bitcoin is demands.

Media Influence
The media can also influence the bitcoin price significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips. Negative news about government involvement and regulations as well as news on the use of bitcoins in illegal dealings such as drug transactions and money laundering tends to have the same impact on the bitcoin price.
Stability of the Bitcoin Network: Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.

There is the simplest policy. Demand and offer. There is no one who will directly stand behind the crypto currency in generall and until someone does only human panic will dictate the price of BTC and other crypto currencies.

Quite a number of factors affect bitcoin and one of them is a sudden dump or large purchase of bitcoins. This could affect market prices. Other reasons include, the news of war or a major player taking a decision that negates or promotes the price

Basically, it is about supply and demand. Now demand is affected by a huge number of factors like news related to crypto, laws in countries and other things.

There are various factors that are being considered for the sudden change of the bitcoin price. Number one is the demand and supply of countries. Just like any other products, price is being stabilized by the demand and supply of bitcoin. Of course, the acceptance of government also becomes a reason why bitcoin is either high or low. Then, we can also consider the big or top companies that manipulates the price.

There are a lot of things that affect the price of bitcoin but those things were not hundred perfect sure because those are facts only and no one can verify that. The economy is one of those things that many people are saying. Because sometimes if the economy goes down the price or value of bitcoin follows thru also. The demand is one of those also, but in the case of the demand it somehow make sense. We all know that supply versus demand do really exist. So if the users of bitcoin increases surely the demand will also increase with this scenario the price or value of bitcoin will surely be affected.     

News. News greatly affects the price of bitcoins because of how much it can stir people's minds and emotions. The thing is, everything the news and the media reveals is the "truth" and every sucker who watches them are easily fooled by these news.

So, there are many factors that affect especially in terms of which affect the amount of supply and demand. Another factor that is quite influential is the rumour spread in the media, both positive and negative news, and the issue of legality.

I made a research as to inform myself as well how these prices are affected and I would like to share some.Here it is, the factors that influence the price of bitcoins are quite diverse. Some of them are slow but quite steady, such as the gradually rising supply and demand curve. Others are sentimental and violent, like the speculative trade, which influences the trading of bitcoins each day. In spite of the opposing forces, which often exert their influence on the bitcoin market, the long-term average price seems to be on the rise. Note that learning about these factors will not necessarily make the bitcoin price more predictable. However, understanding them can help you to be more comfortable with the price fluctuations and make informed decisions at the right time.

I think the fact that affect the price of Bitcoin one of them is the price movement significantly. Bitcoin users who hear negative news about bitcoin will feel panic and end up selling their bitcoins to secure assets and impact on bitcoin prices going down

Panic selling of bitcoin by the investor due to some fake news regarding it is the main cause which affect the price of it. Otherwise  it will varry with regards to the market.

Hi!

Bitcoin is the first most popular digital cryptocurrency. Bitcoin price changed due to many reasons. That is important to understand the reasons before predicting the price of bitcoin. The main factors that can influence the bitcoin price:

1. Government Regulations
Many governments release official statements about the regulation of digital currencies. That affect good or bad in both ways. As an example, The news about “Chain banded bitcoin exchanges " causes to drop Bitcoin market.

2. Media Influence
The media can also influence the bitcoin price significantly. Many FUDs and fake news spread through social media. That makes people panic about bitcoin. That cause to drop the bitcoin market.

3. Supply and demand
High demand and low supply often lead to an increase in the price. The total amount of bitcoin is 21 million. Hence supply is fixed that lead to high demand.

4.  Technological Changes and Innovations
The advancements and innovative efforts in technology have the power to influence the price of Bitcoin.
•   The launch of various ICOs with the aid of decentralized platforms that include the Ethereum-like smart contracts.
•   Another innovation is using blockchain technology for streamlining supply chain and improving transparency in various systems.

5. Market Manipulation
Traders can sometimes purchase huge chunks of bitcoins from the market. That makes the price to appear like it is rising before dumping them back to the market, hence making unheard-of profits from the same.

The main factors that can influence the world economic differ from bitcoin. You can refer those things to below links;
1. http://www.managementguru.net/factors-influencing-global-economy/
2. https://www.cfr.org/article/global-economy-2018

Personally, I believe bitcoin price will not completely be related to the global economy. But some of the factors will influence the price of bitcoin.

Thanks
Have A Nice Day!

I think that the first major factor that influence of bitcoin price and it's progress is the media influence.
The media can influence the bitcoin price significantly. It can manipulate the people beliefs, causing to easily swayed a person trust with each positive and negative news or articles. but of couse there are also other factors like government regulation, pretty resounding now a days. as for the rest of the factors, it's a hassle to mention them all, and the most frustrating fact is that there's too little that we could do about them whether the news or articles are true or for malicious intention only. So Meh.

Many factors affect the price of Bitcoin, but News I think to be a factor that is very influential on the rise and fall of Bitcoin prices. let's look back, every bad news about Bitcoin, the price dropped directly. This may also be influenced by individual investors who are easily affected by the news. so it can be said also, The thing that plays a major role against Bitcoin Price is the person holding the Bitcoin itself.