The currencies of the world are affected by many different parameters such as politics, economy, wars. The value of the money also shows up and down according to these parameters.
What are the parameters that affect bitcoin?
Firstly, I think about the Legality of bitcoin. It is a basic thing to accepted by all governments as a digital currency or not? Just saying about it , this is a big influence to bitcoin market place.
Secondly, Many people in the world started to know and use it as digital currency for trading, investing and purchasing. with big community like this, it is a important influence to bitcoin market place.
Thirdly, The facttor of inflation, weak economy, wars are also the main reasons which influence the botcoin marketplace.