We see sometimes bitcoin price increase or decrease. How I can predict whether bitcoin price increase or decrease.Again, who controll this price.I appreciate if you kindly share your experience.
I guess no one control the increasing and decreasing of bitcoin price, so no one can predict it. Maybe we just need to be updated on every news about things that may affect cryptocurrencies prices, because for me a certain action done by a person or a group can affect bitcoin price if their actions are related to the digital currencies world.
You can predict the rise in bitcoin prices by looking at bitcoin market share if more and more people want to invest in bitcoin then bitcoin prices will go up but if if a large group of people start stopping using bitcoin either because it is prohibited or anything else then this could lead to a reduction in bitcoin prices. For example, what happens in China because the government prohibits the use of bitcoin so as to cause bitcoin prices to fall.