Quote from: jayhawk1 on July 18, 2018, 06:46:48 AM

Quote from: jonikris on July 08, 2018, 08:01:43 PM

bitcoin price itself is very easily influenced if there is continuous bad news about this then the price is automatic and sustainable for kedep

Few factors which have affect on the value of Bitcoin including the demand rate factor which has great affect on it and alters in the direction in which the demand rate moves. Furthermore negative news in the market when people have negative perceptions about market affects the demand rate. Now days the up going value indicates that demand rate is increasing which is a good sign.

1. Demand: If the demand of Bitcoin is more in relation to supply then this causes an increase in its price. Since supply is fixed, it is expected that the price will keep on increasing.
2. Government regulations: This has a direct affect on the demand of Bitcoin among investors. Regulations made against Bitcoin will obviously decrease its demand and regulations in favor of it will increase it.
3. Community: The community of Bitcoin also affects its value. Bitcoins community exhibits great faith in Bitcoin which helps to keep Bitcoin the king of the market despite so many more cryptos coming up.