Quote from: catapult on September 22, 2017, 12:06:44 PM

Hello!

How BTC's price change? What are the factors that affect the rise and fall of the BTC?

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. There are various factors that determines the rise and fall of the BTC. First, supply and demand When there is more demand for bitcoin and less supply, the bitcoin price rises. Second is speculation To survive speculation, follow the trends and make sure to do this; Buy on fear, Sell on greed. Which means when people are rushing to change their btc to normal currency, you will be able to buy at a cheaper rate then keep it, till when people start coming back for it again. You can then sell at a high price. Lastly is Number of Transaction, when transaction keeps going on smoothly and is increasing, a lot more people will have confidence to buy bitcoin which makes the price keep increasing steadily

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