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.
I do agree with the things that are mentioned by OP. These might be the things which are contributing with the sudden changes on the market value of Bitcoin. Genereally,the biggest thing that causes this to happen has something to do with the market demand in many ways. Still,we can't control Bitcoin users and Bitcoin itself in order to avoid uncertainties due to the market volatility. So let's just continue supporting cryptocurrencies.