Quote from: Btcwashu on April 15, 2018, 02:22:26 PM

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.

Wow it's a nice topic mate, all the factors you stated above are to be considered why the price of the bitcoin are highly volatile. This topic can helps to our newbie to know the factors that can affect to the bitcoin price. And for me it's a big contributor the supply and demand of the market because if there is a changes of the supply and demand of the market the price of the bitcoin will change too.

Thanks for considering. I always saw in Bitcoin discussion about bitcoin might die or bitcoin price is down and so on... but I think the best way to understand the price movement and to understand what risk we are in. Is to understand the basic concept of economics. Since, economics really affect bitcoin prices and its stability.

Shenshen23

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