What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read:
1. Bitcoin supply and increasing/decreasing demand
2. Bitcoin in news: Influence of media on garnering negative and positive publicity
3.Bitcoin users and developers influence the rise and fall of price.
4.New technological changes to Bitcoin
For discussion for the above mentioned. You can check this link:
https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below.
All of the market has the same concept of supply and demand even in the stock market's of different countries and because of that, selling and investing on the right time will really give you a huge amount of profit.
Before investing in almost anything, one should keep the factors in mind that determine the growth of their investment. This might be liquidity that is the readiness of an asset to be converted into money. There is risk factor which should be the minimum possible.
Return is what we quest for. The more the return, the more is the investment. Besides, the market role is crucial in any investment. Keeping these factors in mind, Investment in Bitcoin is worth it.
You are right, we are all after return and one thing we should always keep in mind is the fact that no matter what, the market will always have its huge fluctuations, so it is always better that when you have some sweet returns to at least, use those moments to sweep those profits and look forward to buying back at dips.
Moreover this is for the traders anyway and for long term investors, the long term benefit is always superb anyways. Due to watch lots of factors I do usually hate to engage myself with trading. Trading is good only for the people are having some excess money to risk and for all other, simply holding will be the only available and viable method.