What are the factors that affects the price of Bitcoin?

[Sterling]

There are a lot of factors that influence bitcoin's price, but it is mainly investor confidence in bitcoin as well as supply and demand that the market determines the price of bitcoin. Bitcoin is widely known and promises to have a good future

[Rain075]

For all reasons, Bitcoin Competition is influenced by Bitcoin prices. The more compatibility in the market will increase its price. And if the popularity is not popular, then the price of that token will not increase in the market. Besides, Bitcoin is increasing due to its low budget. Bitcoin's Total Supply is very low. And due to the high demand, its prices are increasing mainly due to this reason the price of coins increases.

[Hisbullah]

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?

I think the factors that can really affects the price of bitcoin are demand and supply. For now, I see bitcoin has high demand and limited supply, because many investors have held bitcoin and with the  super bullish at the next year

[Blaze]

It is certain that the factor that makes the price of bitcoin has an up and down price movement depends on the demand on the exchange, when the demand is high it will make the price rise sharply, but when there is bad news it will make the bitcoin price collapse.

[Synezhana]

Bitcoin is increasingly trusted by the public, so the market demand for Bitcoin is very high.  This is what causes the price of Bitcoin to rise, and many people buy Bitcoin because they believe they will benefit from buying this Bitcoin.

[tamango]

The main reason is that institutional investors have begun to actively buy bitcoin! Also, everyone believes in the full use and regulation, the new year will be the year of cryptocurrencies!

[sampoerna]

The main factors are supply & demand on the market. But not only about supply-demand, but some issues or news about Bitcoin can also be affected by the price as well. So, we must be careful if there is bad news/issues related to Bitcoin. It may be the sign of the upcoming dump in Bitcoin price.

[Wedhus Balap]

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?

Bitcoin is now the king of coins. Many things have been passed before including the problems you mentioned. Of course it still has the potential to happen, but I'm sure with his experience, bitcoin has its own mechanism for dealing with it

[Power]

Bitcoin is now the king of coins. Many things have been passed before including the problems you mentioned. Of course it still has the potential to happen, but I'm sure with his experience, bitcoin has its own mechanism for dealing with it

Can you elaborate or explain it plainly what are the mechanism on how bitcoins deals with it. I really appreciate your opinion or knowledge about this matter.

[Power]

Bitcoin is increasingly trusted by the public, so the market demand for Bitcoin is very high.  This is what causes the price of Bitcoin to rise, and many people buy Bitcoin because they believe they will benefit from buying this Bitcoin.

They don't just believe. But they experience the outpouring of Bitcoin and its ATH.

[Tanimariya]

I don't think the price of Bitcoin is very important. Because it is a coin suitable for transactions. Which people all over the world enjoy many benefits by transacting. That is why Bitcoin has gained so much popularity all over the world.

[pelana vreo]

What I know is, when all countries are experiencing inflation due to the COVID-19 pandemic, the Bitcoin price doesn't seem to be affected by it. It seems like a group of whales want that to happen, another important factor is posting information from the world's top entrepreneurs. Twitte or information about Bitcoin will have an impact on the Bitcoin price.
So if we don't profit from investing in Bitcoin, we can use the technology blockchain

[ttcsalam]

All I can say is that in most cases the demand is increasing.Due to the scarcity of time and the second phase of Covid's winter, everyone is opting for virtual transactions.And there hasn't been a big hacking in the last year. This can also be a big reason.

[Triedboy]

The question in everyone's mind is why the price of Bitcoin has suddenly increased so much.  The reason why Bitcoin is rising is that the budget of Bitcoin is much less but the demand is much higher. But the price of Bitcoin is probably rising so much now that there is more demand.

[Muneeb22]

Fake news will always effect the Bitcoin price becasue in the crypto market news is so much important and when the positive news will run the market go to high that time and touch the sky.