Ninjastic
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Re: what affects the price?
by
logicgate
on 26/05/2018, 21:28:58 UTC
Quote from: hamdun on May 19, 2018, 04:13:53 PM
Quote from: wilburwilbur on March 29, 2018, 08:51:31 AM
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated Smiley

I think negative news can affect bitcoin prices, as many sellers become panicked, and bitcoin prices are falling, as bitcoin prices are set by the market.
  Demand affects the prices. A rise in the demand for a coin raises the prices and a fall in the demand reduces the prices. Both the demand and the supply determine the equilibrium position in the economy and the economy will always stay in the equilibrium when the demand and the supply are equal. People demand a particular assets only if it can give them return so return determines the demand.