What factors make Bitcoin price to rise?

[Yewande]

It's simple. The law of supply and demand. The more the demand of Bitcoin, the more the value will rise. By the time more persons start selling off their Bitcoin, the value will fall. It's as simple as this.

 

[Alogakho Esson]

During the time we are in today Bitcoin remain the most important online wallet trading it gives best profit than banks this days mostly youths who are desperate to make money see this forex as the Easley means

 

[Mujahid12]

The price of Bitcoin has been increasing for a while now. Just yesterday I saw that it hit $16k and many people think it will get to $20k before this year ends, so I want to know what factors tend to cause the price of Bitcoin to rise at such a pace.

The value of a bit coin is high when the buyers more than the seller and people have to take more interest, at which time the value of the coin starts rising so these causes increase the value of btc.

 

[Donolatunji]

Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. This news pushed Bitcoin's price higher immediately.
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Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. This news pushed Bitcoin's price higher immediately.

 

[Kehinde]

Contrarily, bitcoin prices are influenced by the following factors: The supply of bitcoin and market demand for it. The cost of producing a bitcoin through the mining process. The rewards issued to bitcoin miners for verifying transactions to the blockchain.

 

[Richmond funke abosede]

Contrarily, bitcoin prices are influenced by the following factors: The supply of bitcoin and market demand for it. The cost of producing a bitcoin through the mining process. The rewards issued to bitcoin miners for verifying transactions to the blockchain
The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.

 

[Dubai]

The price of Bitcoin has been increasing for a while now. Just yesterday I saw that it hit $16k and many people think it will get to $20k before this year ends, so I want to know what factors tend to cause the price of Bitcoin to rise at such a pace.

There is no one particular factor that makes the value of bitcoin to increase. It has to do with accumulated indices over time. The more investors make use of the cryptocurrency to translate business the More the value is likely to increase. Also, economic situation, policies, global security and stock exchange determines how high the value of bitcoin could go.

 

[Abibatabosede]

The cause of the rise in bitcoin at that particular time is the rate at which investors troop into the investing of the coin. The wealthy companies and individual rush into investing in bitcoin leading to increase in demand.

 

[Sotherefore]

The price of bitcoins is affected by a lot of things like the law of supply and demand I think when there is high demand in cryptocurrency like bitcoins the price will go up and when the demand is low and there is surplus of bitcoins the price of bitcoins will drop I think that's the rules that governs the price of Bitcoin going up and down.

 

[Trojan8]

It is really crazy looking at this thread that was made in November. Bitcoin actually got to $42k which is three times the $16k it was as at this point. One can only wish he could see the future to take advantage of this massive increment in just 3 months. Of course price has gone down a little but at it peak the rise was massive.

 

[Yan]

The price of Bitcoin has been increasing for a while now. Just yesterday I saw that it hit $16k and many people think it will get to $20k before this year ends, so I want to know what factors tend to cause the price of Bitcoin to rise at such a pace.

This message is almost 2 month old but its value still stands. The reason why bitcoin rises is because of people's investments in it and by people I'm not talking about the small game players like you and I, I mean more of like the big corporations the banks and insurance companies are investing in it and also government agencies and other government bodies.

 

[Patrik]

i would say the massive amount of investments from big people (that own billions of dollars) and deposits, same goes to miners (but bitcoin miners are few compared to Ethereum ones)

 

[ossai]

There is no official Bitcoin price. Bitcoin’s price is set by whatever people are willing to pay. Buy Bitcoin Worldwide’s is a good resource for the current and historical price.

Bitcoin’s price is generally shown as the cost of one bitcoin. However, a cryptocurrency exchange will let you buy any amount, and you can buy less than one bitcoin.

 

[Thosynho]

The price of Bitcoin has been increasing for a while now. Just yesterday I saw that it hit $16k and many people think it will get to $20k before this year ends, so I want to know what factors tend to cause the price of Bitcoin to rise at such a pace.

In my opinion, the law of demand and supply is playing out in the pricing of Bitcoin. Once the demand in buying Bitcoin increases definitely it will affect the value of Bitcoin positively. Also when the demand for buying Bitcoin drops, it values drop too.

 

[Zubair]

The production of new coins slows down over time. This could lead to a situation in which the demand for bitcoin increases at a faster rate than the increase in supply, which leads to an increase in the price of bitcoin. The number of daily bitcoins issued decreases over time, halving the block rewards offered to Bitcoin miners.

 

[Virgo25]

Contrarily, bitcoin prices are influenced by the following factors: The supply of bitcoin and market demand for it. The cost of producing a bitcoin through the mining process. The rewards issued to bitcoin miners for verifying transactions to the blockchain.

 

[Nma]

During a pandemic movement is usually restricted in order to curb the spread of the virus so i think the best way to improve your business at this time is by growing your online audience and advertising your business more on social media networks.... it might take you some time and some money at first... but you will be glad you took that step

 

[Bart Simpson]

The main factors that influence prices are the factors of supply and demand, so to know if there is a price change we have to study the causes from a technical or fundamental perspective, such as FOMO, political news, and economics etc.

 

[mizzzlotam]

Demand and supply is the sole reason for the increase of Bitcoin. Just like the economic principles states, when there is a higher demand for a goods, the price will go up. That’s the case with Bitcoin market.

 

[vashconfigs]

I think it's the long term investor has the big role why bitcoin price rises. Also some huge names enters investing in crypto such as Ellon Mask who is now the richest person in the worl.