Post
Topic
Board Economics
Re: Factor to Consider
by
Osarman
on 15/10/2018, 09:43:10 UTC
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-cfabdf634894

How about you? can you add more factor that can affect the price of the bitcoin? Comment below.
Demand and supply is what causes the price to either rise or fall. Other things you have mentioned on your list are the factors that can either trigger a decrease or increase in the rate of demand and supply. Take for example – bad news. When people hear or read bad news they are forced to withdraw and that leads to a decrease in the rate of demand while supply increases, when it’s a good news, then imagine it the other way round.