what affects the price of bitcoin?

[Domithra]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

[dominoes]

I think the major reason why the price of bitcoin increase and decrease is the whales and the deficiency of investors that no increase of demand but it decrease. That is my opinion.

[Contagem]

The price of Bitcoin is affected by so many factors that it's easier to say that it does not affect it. At the moment, because of the bearish trend in the market, many people are afraid to enter Bitcoin, because there are many chances that it will continue to fall further. Bitcoin depends on demand, and demand falls with the release of negative news about crypto currencies and is growing with the release of positive news.

[dekafee79]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

Bitcoin is the KING of crypto currency, I think Bitcoin price will affect the value of all altcoins.

[Niteroy]

The price of Bitcoin is affected by so many factors that it's easier to say that it does not affect it. At the moment, because of the bearish trend in the market, many people are afraid to enter Bitcoin, because there are many chances that it will continue to fall further. Bitcoin depends on demand, and demand falls with the release of negative news about crypto currencies and is growing with the release of positive news.

Yes, it's true, the price of Bitcoin is influenced by many different kinds of factors. Today I just read an interesting article about why we see such a drastic drop in the price of Bitcoin and what affects it: https://medium.com/@lucidfunds/the-bitcoin-hyperwave-the-bear-market-continues-to-growl-32cc723de95e

[Nur sarimbit]

which affects the price of bitcoin.
1. the person who created bitcoin itself.
2. news of negative and positive issues with bitcoin.
3. Bitcoin investors are good at buying and selling ..

[trackermoney]

many things can affect the decline in bitcoin prices. for this year's price reduction I don't know what the cause is. one of them might be because many people sell bitcoin. or people are starting to be skeptical about investing in bitcoin.

[Dreamer02]

Investors plays big role on crypto industries, if you notice from the latest news for the past weeks btc price pump up because of investors. Also government decisions plays a lot on crypto price movement.

[Vidaia]

A lot of factors affect the price of bitcoin, the giant in the field, investor and many others. some just want to wait till the end of the year in order to make their investment. government being afraid of bitcoin to try so many another way to defame it. and the giants in the ecosystem trying to manipulate it. for the rest, you can picture
 

[Omega]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

Bitcoin is the KING of crypto currency, I think Bitcoin price will affect the value of all altcoins.

Absolutely bitcoin is the king in crypto. It is the main reason why there are some changes because bitcoin can do it. I don't know if the demands is the reason why  it affected the market system.

[Variapack]

in my opinion, one that can influence the value of bitcoin is news about it, both positive and negative, besides that large investors also influence the value of bitcoin, but of all these factors the value of bitcoin is volatile or unpredictable

[mackinleybhe]

Like any other business, bitcoin price is greatly affected by its demand and supply in the market. If there's a limited supply in the market while demand is increasing, I think bitcoin price will go bullish. If everyone panicly sell off their coins, the bitcoin price will drastically fall down. And that's what normally had happened every year in crypto business industry.

[kent47400]

Bitcoin drops its price when many sell it, and the buyer is lacking.
the influencing factor is news from the government or financial institutions against Bitcoin.

[rizqillah]

bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated

I think demand and supply are major factor to affect the price of bitcoin. The negative issue also will affect the demand.

[Naswaty10]

which affects the price of bitcoin
from investors both small investors to large investors.