Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Power on December 22, 2020, 12:46:10 PM

Title: What are the factors that affects the price of Bitcoin?
Post by: Power on December 22, 2020, 12:46:10 PM
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?
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: trauchot on December 22, 2020, 01:04:01 PM
Usually, various news related to bitcoin has a very strong effect on bitcoin price, for example, when Paypal announced that they will use bitcoin and other cryptocurrencies in their payment system and at the same moment, the price of bitcoin began to rise, or, on the contrary, various negative news also greatly affects bitcoin price, for example, when binance exchange was hacked, bitcoin price immediately began to fall.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Casual on December 24, 2020, 12:08:06 AM
The current price of Bitcoin is in a very good position. Even then, the price of Bitcoin may increase further. If it is seen that there is more demand and trade for Bitcoin, then it will be seen that the price of Bitcoin will increase further.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Zed0X on December 24, 2020, 04:56:04 AM
Quote from: Power on December 22, 2020, 12:46:10 PM
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.
Care to expound on this "competition" factor? How is it different or how is this not covered in the demand and supply?

The mining cost factor is debatable. Don't think of mining as a traditional business where manufacturers (miners) can control the supply and dictate the price of BTC to make sure it's above the cost. Remember that this is an open market and anyone can dump and pump the price.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Falcon on December 24, 2020, 06:22:25 AM
Big whales and back up support from community is a big big factor to dump and pump the price. Demands is also depends on season. Not all the time there is a massive demands of bitcoin. People interest to bitcoin is another factor.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: arnold dudicove on December 24, 2020, 12:54:01 PM
Quote from: Power on December 22, 2020, 12:46:10 PM
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?

Yes, I agree with you. There are many factors that influence Bitcoin's price fluctuation. Among what you have mentioned, in my opinion the most dominant is the market mechanism. This can happen at any time, and sometimes it is difficult for us to detect ...
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Shahinaz on December 24, 2020, 02:33:43 PM
the factor that makes the movement of bitcoin up and down is the news that is issued, if the news is good bitcoin will go up and vice versa if it is bad news it will definitely go down quickly
both whale investors and support from the public are big factors for dumping and pumping up the bitcoin price itself.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: I-Bit on December 24, 2020, 11:47:57 PM
The most factor influencing the Bitcoin price is the demand ands upply. Higher demand and lower supply will mkae the price higher. and vice versa. Additionally the news and also people readiness also give influence to the Bitcoin price,  morever about panic selling that always happen like this
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: yohananaomi on December 25, 2020, 02:35:49 AM
Quote from: Jooo12 on December 24, 2020, 02:33:43 PM
the factor that makes the movement of bitcoin up and down is the news that is issued, if the news is good bitcoin will go up and vice versa if it is bad news it will definitely go down quickly
both whale investors and support from the public are big factors for dumping and pumping up the bitcoin price itself.
all factors can and greatly affect the movement of bitcoin, because bitcoin is currently the topic of conversation with a fantastic increase. But I make sure it's not just the news that affects because of the factor of big traders who play for their own interests in looking for profits in the short term, besides that the influence of positive information makes bitcoin also lifted. but this is what is eagerly awaited, will it stop here the movement of bitcoin until the end of the year? the answer is of course no, bitcoin will continue to move due to the influence of the halving. where finally bitcoin continues to move up.


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Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Tamsialu$$ on December 25, 2020, 04:53:14 AM
It is often seen in any media or social media that the price of Bitcoin will pump up a lot. Right now a lot of investors come in which could be the main reason for the increase in the bitcoin price. Again when the bad news of Bitcoin is seen then try to sell it at a lower price. Again, it is seen that less than that and one person gives it, so maybe the bitcoin price goes down.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: 0t3p0t on December 25, 2020, 04:22:59 PM
Demand and supply for me is the root of all these price change and for me it is the most accurate factor that affects the price of Bitcoin. It has been proven on the early age of Bitcoin where it's price is $10 until when the investors and users increase and the supply is getting scarce and look at the price now.  From $10 to $20,000 a coin is same when the community is at thousands then now became millions.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: atjiat on December 25, 2020, 05:23:56 PM
Quote from: 0t3p0t on December 25, 2020, 04:22:59 PM
Demand and supply for me is the root of all these price change and for me it is the most accurate factor that affects the price of Bitcoin. It has been proven on the early age of Bitcoin where it's price is $10 until when the investors and users increase and the supply is getting scarce and look at the price now.  From $10 to $20,000 a coin is same when the community is at thousands then now became millions.
Undoubtedly, it is supply and demand that drive pricing in the market. But nevertheless, supply and demand are influenced by certain factors, which are primarily based on the attractiveness and benefits of cryptocurrency as an investment. At least Bitcoin today looks in a better light than any national currency.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: MrSpasybo on December 25, 2020, 10:59:33 PM
I always think that the Legal issue is the most important with the price of BTC and other cryptocurrencies at the moment. Legality is the goal that the entire crypto market is aiming to achieve in order to be able to exist and operate effectively. The fact that big companies like PayPal or Ebay approach BTC shows that Bitcoin has achieved certain success in relation to legal, that BTC can completely exist as a legitimate asset of everyone. This will increase buying pressure and cause the price of BTC to rise.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: UNIVERSE on December 25, 2020, 11:40:51 PM
There may be some factirs that ifleunce the price of Bitcin. They are maybe:
 Supply and demand. The higher demand means higher price Higher demand will also read us to have certai increase n Bitcoin within certain issues
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Msweet on December 26, 2020, 02:54:56 PM
According to many experts, this bitcoin will go to such a stage.  The value of JA bitcoins will skyrocket.  This coin will become one of the most expensive tokens. Why would a token easily become impossible?  That means this bitcoin is going to be a valuable token.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: labonikhatun on December 26, 2020, 03:21:42 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Duckenth on December 26, 2020, 03:25:43 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Pheonyx on December 26, 2020, 07:35:22 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: therozaq on December 26, 2020, 08:35:37 PM
Quote from: Power on December 22, 2020, 12:46:10 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: DAMKAR on December 26, 2020, 09:23:13 PM
Quote from: therozaq on December 26, 2020, 08:35:37 PM
Quote from: Power on December 22, 2020, 12:46:10 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Bitrab on December 26, 2020, 11:40:40 PM
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$. The year is coming to an end. Everyone is eager to see how much it will grow at the end of the year. However, there is a tendency to increase.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: shiming on December 27, 2020, 01:16:11 AM
Consensus is the supporter.  Of course, the more users, the better the price.  Looking forward to replacing gold status.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Jaya60 on December 27, 2020, 01:46:08 AM
We have seen that the price of Bitcoin is increasing as time goes by. At the same time, the demand for Bitcoin is increasing. I have heard as far as possible that the number of bitcoins that have been created may not increase. But the demand for bitcoin is increasing so the price of bitcoin is increasing a lot.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: XM8 on December 27, 2020, 11:55:12 AM
I think bitcoin is still very good position.Bitcoin price is increase again.Few days ago it price has also 20k$ but present day it was unbelievable It price has almost hit 27k$.This is very good news for every crypto related person.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Cryptoz on December 27, 2020, 11:12:29 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: innerpumper on December 28, 2020, 01:18:53 AM
Quote from: Power on December 22, 2020, 12:46:10 PM

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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: wahyudi on December 28, 2020, 02:24:10 AM
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?
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Rowan on December 28, 2020, 11:13:37 AM
Quote from: Power on December 22, 2020, 12:46:10 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: gqinyot on December 28, 2020, 01:47:28 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Emircan on December 28, 2020, 01:49:36 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Sterling on December 28, 2020, 02:02:56 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Rain075 on December 28, 2020, 02:45:43 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Hisbullah on December 28, 2020, 04:04:53 PM
Quote from: Power on December 22, 2020, 12:46:10 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Blaze on December 28, 2020, 06:26:24 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Synezhana on December 28, 2020, 10:56:29 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: tamango on December 28, 2020, 11:43:26 PM
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!
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: sampoerna on December 28, 2020, 11:47:00 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Wedhus Balap on January 03, 2021, 12:18:06 PM
Quote from: Power on December 22, 2020, 12:46:10 PM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Power on January 03, 2021, 02:00:53 PM
Quote from: Wedhus Balap on January 03, 2021, 12:18:06 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Power on January 03, 2021, 03:40:18 PM
Quote from: Synezhana on December 28, 2020, 10:56:29 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Tanimariya on January 03, 2021, 11:30:27 PM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: pelana vreo on January 04, 2021, 01:43:40 AM
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
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: ttcsalam on January 04, 2021, 07:49:47 AM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Triedboy on January 04, 2021, 08:05:03 AM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Muneeb22 on January 04, 2021, 08:23:07 AM
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.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Damrai5$ on January 04, 2021, 09:25:07 AM
Bitcoin may no longer have a bad effect.  Many people think that the price of Bitcoin may go down a lot again but I think the price of Bitcoin will be  40,000 dollars very soon.
Title: Re: What are the factors that affects the price of Bitcoin?
Post by: Tolyk on January 09, 2023, 02:53:05 PM
Many factors can be determined what bitcoin affects, but there are factors that cannot be explained why bitcoin is falling or growing.