Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: What factors can affect to price of bitcoin?
by
kickkers321
on 04/04/2018, 17:02:42 UTC
⭐ Merited by WaDa (4)
The factor that affects bitcoin price is its limit both in terms of quantity and production time. As is known, Bitcoin can be up to 21 million. Therefore, it can be predicted when new scrapped Bitcoins will be available and the production rate may be reduced. This factor has a positive effect on Bitcoin and its development.The second factor is the belief that the price of Bitcoin will reach unlimited levels: from $ 10,000 to over $ 1,000,000.The third factor is that Bitcoin can be transferred from one place to another and used as a payment method.