Post
Topic
Board Trading Discussion
Re: What is the factor that affects the price of bitcoin
by
teosanru
on 26/01/2023, 18:36:25 UTC
There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?
In a very longer term it's obviously overall demand of the market and supply related to that asset. Also it's very obvious that potential of future earnings from that asset is also a factor in bitcoin you can say the potential of future adoption will be that factor. In the other smaller time frames, obviously it's news, new developments, whale play, legalities and all these things. In very small time frames it's generally just market makers actions.