What are the factors that affects the price of Bitcoin?

[labonikhatun]

The main reason that affects the price of Bitcoin is that the supply of Bitcoin is increasing more than before the crypto market is improving due to higher investment and bull running in the market which is helping to increase the high value of Bitcoin. Cryptocurrency or virtual currency has changed the economic situation of the world a lot in many countries of the world the government will support virtual currency in a controlled manner.

[Duckenth]

What is certain is that the high price of Bitcoin is due to the high demand for Bitcoin in the market, because many people want to buy Bitcoin so people who want to sell their coins end up charging a higher price.  And this buyer's interest is certainly influenced by good news, because good news about Bitcoin, investors and traders of Bitcoin prices will skyrocket, eventually many people buy Bitcoin.

[Pheonyx]

The factors are just the same to what is happening to all businesses worldwide and the only difference is that bitcoin is all about digital matter but the principle is just similar. This is just show that bitcoin really gain much power.

[therozaq]

There are a lots of preconceived ideas about the factors or reasons that affects the price of Bitcoin. I will give you some examples: Competition; Cost of production; Supply and Demand; Regulations and Legal Matters etc.


In your own opinion or ideas what are the factors that can really affects the price of bitcoin?

In my opinion the factor that affects  the price of bitcoin I'd demand and supply.
I think those are the basic factor.
We all know why bitcoin price is so high, because bitcoin has high demand be limited supply. another factor like regulation, negative issue also affect the demand of bitcoin.It is my opinion

[DAMKAR]

There are a lots of preconceived ideas about the factors or reasons that affects the price of Bitcoin. I will give you some examples: Competition; Cost of production; Supply and Demand; Regulations and Legal Matters etc.


In your own opinion or ideas what are the factors that can really affects the price of bitcoin?

In my opinion the factor that affects  the price of bitcoin I'd demand and supply.
I think those are the basic factor.
We all know why bitcoin price is so high, because bitcoin has high demand be limited supply. another factor like regulation, negative issue also affect the demand of bitcoin.It is my opinion

I agree with your opinion,  Demand and supply are always be the basic factor of price. Maybe there are another factor like : negative issu, regulations, material etc, But I think It is not basic factor mate. I see they will affect the price but not dominant.

[Bitrab]

The demand and prestige of Bitcoin is constantly increasing. So the price of bitcoin goes up. Bitcoin situation is much better this year. The current price of Bitcoin is 26,443$. The year is coming to an end. Everyone is eager to see how much it will grow at the end of the year. However, there is a tendency to increase.

[shiming]

Consensus is the supporter.  Of course, the more users, the better the price.  Looking forward to replacing gold status.

[Jaya60]

We have seen that the price of Bitcoin is increasing as time goes by. At the same time, the demand for Bitcoin is increasing. I have heard as far as possible that the number of bitcoins that have been created may not increase. But the demand for bitcoin is increasing so the price of bitcoin is increasing a lot.

[XM8]

I think bitcoin is still very good position.Bitcoin price is increase again.Few days ago it price has also 20k$ but present day it was unbelievable It price has almost hit 27k$.This is very good news for every crypto related person.

[Cryptoz]

In my opinion, the underlying effect of the Bitcoin price is the news that is being breathed. If there is a lot of positive news, the demand will be higher later. The high amount of demand can once again add to its value, provided that the supply is also limited

[innerpumper]

In your own opinion or ideas what are the factors that can really affects the price of bitcoin?

demand and supply, there is also investor confidence in bitcoin which makes bitcoin always top of other coins. Bitcoin has very strong fundamentals compared to other coins, I don't think it's over yet even when it's mined until supply runs out.

[wahyudi]

One of the factors that influence is the number of communities in the crypto circle is increasing, many merchants and online stores have accepted bitcoin as a means of payment.  Because it is obtained by mining, there are some people who call bitcoin hidden digital gold.  They believe in the future, bitcoin will provide a higher value than it is today.  What is the result?

[Rowan]

There are a lots of preconceived ideas about the factors or reasons that affects the price of Bitcoin. I will give you some examples: Competition; Cost of production; Supply and Demand; Regulations and Legal Matters etc.


In your own opinion or ideas what are the factors that can really affects the price of bitcoin?

1 market decision is the most important that can drive the price of bitcoin up
The supply and demand of the market if the supply is low also largely makes the price of bitcoin as high as it is today

[gqinyot]

In my opinion, supply and demand greatly affect bitcoin when the supply decreases, the price of bitcoin increases and when the supply increases, the price of bitcoin decreases. it always adheres to the principles of the field to develop

[Emircan]

In my opinion, due to the supply and demand that bitcoin will rise or fall in price to adapt to the market and not rule out the sharks that accumulate bitcoins and wait for lack of supply, the price increases and they sell to increase profits.