Post
Topic
Board Speculation
Re: What are the impactors of Bitcoin price?
by
tailwate07
on 28/05/2018, 09:31:31 UTC
1. Law of supply and demand. (Number of bitcoins in the market and in circulation)
2. Volume of trades
3. News
4. Speculations
5. Whales manipulation

Almost the same factors with the others in my own point, these are the things that what gives bitcoin a wave for its price.
You have enumerated the major factors that leave deep impact on the bitcoin prices. If we look at the prices of bitcoin two months ago, they were soaring because there was less demand of bitcoin. People were getting rid of it just because of continuous decrease in its values. Now when the prices have started recovering, people are buying again increasing the demand. All other factors also contribute to all this.