Re: Factor to Consider

Quote from: Osarman on October 15, 2018, 09:43:10 AM

Quote from: Shenshen23 on April 11, 2018, 02:10:05 AM

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 its a good news, then imagine it the other way round.

Factors control the value of Bitcoin directly but here the major impact on value is the demand rate that is the number of investors who invest in Bitcoin. Increase in value indicates increase in demand rate and vice versa. However, if you are looking to invest in Bitcoin and have difficulties in investing here then you have to take a little more time in order to understand the rules and the difficulties you feel somewhere should bring in light after that investment is safe here.