Topic: What is the main reason for the bitcoin price? (Read 518 times)

The reason for the price of Bitcoin is rate of demand and availability, and same things can also be the reasons for fluctuations. The news and social medias can also play a part in fluctuations depending on what they say, though it’s not really good to depend on what they are saying some of the times, cause some are bad news to kick against Bitcoin. Well, those bad news can favor people with patience. Just like what happened in 2017, lots of medias were carrying bad news about Bitcoin and it made lots of people to withdraw, creating a chance for others to invest at cheaper rate.

The most likely answer is due to the law of supply and demand of the Bitcoin in which if many are holding and many wants to buy the price will rise up but if no one wants to hold because many wants to sell then the price will go cheap like what happen to some altcoins in which some coins become crap or no more value because no one wants to buy and keep it.

The Bitcoin price factor for mining in general is a slight decrease in value for a couple reasons. Some miners save their ... Adoption: There is major push
One of the reasons why bitcoin price increase and decrease is becuase the Bitcoin price factor for mining in general is a slight decrease in value for a couple reasons. Some miners save their ... Adoption: There is major push in price of Bitcoin whenever there is new News about companies accepting Bitcoins.

the main reason of the bitcoin price is purely out of demand and from the issues that exist in some countries in the world, when there is a positive issue then the price will go up but when there is a negative issue it is certain the price will come back down.

indirectly news, speculation, issues, etc affect to bitcoin price because of the things that make the user feel to selling or buying, for example a lot of news that makes bitcoin image becomes ugly then news about bitcoin ban appears, from it makes the user afraid to buy even many users sell their bitcoin and then affect the demand is declining, sometimes many things are interrelated and affect to bitcoin price

I think the main reason is people. No matter what kind of news come out, it doesn't affect bitcoin. The program keeps doing what it's supposed to do and price is determined by people.

The demand is the main reasons for the bitcoin price fluctuations. Once demand is their users comes and go or buy and sell bitcoin. Like if we offer goods or services to the people definitely it will increased if the products is good somehow it will give benefits to the users. Same like in bitcoin demand is always present at all times.

It's mainly the market cap and the volume, the price is made because of people investing on it which will be in the volume and market cap so the larger the market cap the larger the price.

Exchanges do play a vital role in up and down of the prices. And like you have said the fee factor matter a lot while deciding the coming price of a coin. On this basis, people are taking the thing and going off of it. Like if bitcoins are high in fees and people can’t afford this thing, how they can continue. Rather they left them. Hence the ultimate results are effected, prices get down immediately.

I think bitcoin price depend on demand. if demand high then price is high and if demand low then price is low it fully depend on demand. the main thing for its price is for sure demand .

I'm excited about Cryptocurrency because of its true technology and its future value. What I find is that the market is new and small. Those who have more money use their power to push prices and sell out to profit. Unclear information from major countries such as China, India and South Korea has pushed the market down.
Part of the market downturn is the mentality of the crowd, they do not know about economics and technology, they are lazy to get information.

Yes,it can really be affected because when there is positive news, the price goes up all of a sudden.Negative news also attract negative price which decreases the price literally.I also believe that the price will also be affected by purely demand and supply basis.People are still the reason why bitcoin price is fluctuating from time to time,aside from being decentralized in manner.

the main thing for its price is for sure demand and all those news, futures and the other things people mention affect the demand of btc and when it is affected it rises or decreases.

The main reason for increase in bitcoin price is tether prints. Like FED it is increasing the amount without any asset behind.

I am trying to understand what you are describing, I agree that the basic economic laws of supply and demand are in play.
However, I also notice that the biggest BTC wallets tend to grow (also lately), next to that a lot of manipulation around the price is going on (via bots and fud/media).
Imo these factors all summed up mean that the prize will still go up.

Actually the physical market as well as the digital market is always influenced by the basic laws of Supply and Demand. If the offer is more than the demand, then the price will fall. Vice versa.
then, the other factor is, Total Bitcoin and Holder. Because, as we know, the total maximum amount of Bitcoin is 21 million,, but people who want to have bitcoin are more and more, then the price will continue to increase.

Биткoин, кaк любoй тoвap пoдчиняeтcя oпpeдeлённым пpaвилaм pынкa, тo-ecть, cпpoca и пpeдлoжeния. Cooтвeтcтвeннo ecть yчacтники pынкa, кoтopыe eщё в нoябpe мecяцe пo цeнe oкoлo 8000 ждaли пpocaдки дo 2000-3000 и eё нe cлyчилocь, a битoк cгyлял дo 20000, тo мнoгиe paды были, чтo ycпeли кyпить ближe пo цeнe к 10000. A вooбщe тopгoвля нa биpжe, этo cпeкyляция и цeнoй игpaю в зaвиcимocти oт интepecoв тaк нaзывaeмыx "Китoв" pынкa.

We can not rule out the market forces of Demand and Supply in this terrain, other than speculations about Bitcoin and recently is the issue of  China and Indian. We get to know presently that Indian is not  crossing or closing eyes for Bitcoin in their Economy, if not to cub the menace of unscrupulus acts brought about in their system through Bitcoins Operation.

In one of my posts I have listed the financial factors that have an effect on the cryptocurrency price.
- the circulating amount
- the historical data
- supply/demand
- chain difficulty
- exchanges willing to work with the coin
- how useful the coin is to the community
- how easily it can be exchanged from and to fiat
- news and media coverage
- large-scale investors
- coin wealth distribution
- coin reputation

Bitcoin price depends on all these factors, just like any other coin. Let's examine how each one of these affect the price.

- The circulating amount of bitcoin is 16,866,500, the marketcap at the moment is $166,125,073,765, according to coinmarketcap.
It is a decent amount if you relate it to the number of active bitcoin wallets (around 200, 000, 000 usually).
- Historical charts (from $10 to around $20 000) show that this coin has the potential to grow fast and earn profit
- The supply/demand scale is working here as well, more people want to own bitcoin, more the price.
- Chain difficulty is very high, making it hard to mine, making the bitcoins more scarce.
- Exchanges - each day more and more exchanges are willing to accept this coin. For many cryptoexchanges it is the main coin all other cryptocurrency coins depend on
- The coin is very useful to the community. Starting from exchanges and ending in coffee-shops, there are many end-users who use this coin for their daily needs.
- Bitcoin is probably the easiest coin to exchange with fiat.
- News and media coverage happens on a daily basis
- Large-scale investors. This one is difficult to determine with bitcoin all of these, but the top players are well-known.
- Coin wealth distribution - the wallets to the number of bitcoin says it all.
- Coin reputation - excellent. This coin has proven to be hacker-resistant, anonymous and fair.

These factors always have an affect on the price. Lately the media coverage of bitcoin had more effect on the coin than other means. Everyone wants to comment bitcoin. Once you see "bitcoin ban news", the coin price goes down, once these news come out to be fake,the coin price goes up. When large-scale investors want to buy a substantial amount, the price also goes up. Read the news, make your analysis and you will see that it is not that difficult to predict price drops/changes.

There are a combination of factors but of course in all economic transactions and situations, supply and demand pay a big role. The other role is trust by the holders. Is Bitcoin a store of value to be trusted? Another reason that determines the price of Bitcoin is the fact that the crypto currency market is prone to manipulation by the big institutions and the whales because they own a big portion of it thus they can move the market to suit their will and needs, so anyone trading in the middle can either win or lose in the short term. Also the fact that Bitcoin has a finite supply can have an impact on the slow but steady incremental price rise over time that has been happening.