Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.
Well, it is a market and it is more like an auction market with all the traders bidding which all balls down to how high demand is as compared to supply or vice versa. However, news and some other few things can have an effect on how traders perceive the market at certain points in time.
So, one may actually want to be looking at that aspect as well. Regulation is just one of the few things, which to me, I do not even believe should really be a lot of issue anyway.
Yeah there are many aspects that affect the bitcoin market and news will also affect traders and then impact on the market.
especially when we are often exposed to negative issues and news. of course that makes the market more chaotic some time ago