What factors make Bitcoin price to rise?

[Enzymada]

The demand of investors investing in the BTC affect the prices of coins to go up. And as such, the price will go down if there are profit takers, then that will be the time to buy a share.

 

[Caali]

More and more people are finding out about Bitcoin. Lack of sellers, hence more people trying to buy Bitcoin, increases the price. As more buyers buy, the price goes up, as more sellers sell, the price goes down.As institutions like mutual funds, insurance companies, big businesses, hedge funds, find the volatility interesting and useful to their holdings, the number of buyers will most likely increase, as we’ve seen recently.

 

[Oliver 20]

Conflictingly, bitcoin costs are affected by the accompanying elements: The inventory of bitcoin and market interest for it. The expense of delivering a bitcoin through the mining cycle. The prizes gave to bitcoin excavators for confirming exchanges to the blockchain

 

[Abbas ali]

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.

 

[Tariq Shehzad]

There are many factors that influences the bitcoin trends but thee 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.

 

[Henrywrites]

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.

The democrats in America believe so much in Bitcoin and the features that it offer. This is another point, though it is not that popular for everyone to really see it from that angle. I believe that Bitcoin is still going to appreciate the more in the coming days too and anyone planning to buy is encouraged to do so.

 

[Axad. Mrb]

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.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

 

[Riniyke]

Covid 19 help with the increase on bitcoin but I believe the main factors are demand and supply although the pandemic gave the price a big push. And to know if there is a price change we have to study the causes from a technical or fundamental perspective.

 

[Aniwhyte]

The price of bit coin is sky rocketing because a lot of people are withholding it and storing if for the future, they are patiently waiting for it to hit their target amount and then sell it off at the outrageous price, no matter what you tells this set of people they will never release or sell their bitcoin until their aim is successful.
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Covid 19 help with the increase on bitcoin but I believe the main factors are demand and supply although the pandemic gave the price a big push. And to know if there is a price change we have to study the causes from a technical or fundamental perspective.

You're absolutely right, covid-19 affected it a lot, supply and demand also affected it and to make matters worse a lot of people are withholding it and not ready to let go until it hit their target aim, this sets of people are very hard to convince into selling their coin, they will never do that until their target aim is achieved successfully.

 

[Alexandoy]

To be honest, this factor that moves the price of the Bitcoin up or down is also my question and that is the reason why I am not investing on any crypto currency. The factors affecting the value is not clear to me. Unlike in stocks where the performance of the corporation is indirectly a factor aside from the law of supply and demand so everything is clear. But with crypto particularly Bitcoin it is just like a guessing game if the price will increase tomorrow or it will decrease. There are no clear indications to speculate on.

 

[Veetos12]

Bitcoin price goes up when buying pressure increases, and goes down when selling pressure increases. There are several major factors that can cause the price to go up or down such as; media hype, loss of trust in flat currencies, Institutional adoption, supply shortage.

 

[Matty]

Contrarily, bitcoin price are influenced by the following factors: 1.The supply of bitcoin
and
2. 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 .

 

[Jomarie05]

Higher demand of Bitcoin with lesser supply , the price will skyrocket , also whales actions can cause either a positive or negative change in the price.It could be major cause of the spike we never can tell because their decision could influence others.

 

[Ebuka Stephen]

Yeah true , as my friend said up there that when investors hoards most of their coins the price will definitely fall and another thing is supply and demands if the demands are higher than the supply then the price of bit coin will definitely increase.

 

[Ralphjoe]

The only factor that I know that causes the price of Bitcoin to increase in value is when more investors are buying Bitcoin more than they are selling because Bitcoin is being controlled by the forces of demand and supply.

 

[Billy]

Recently, the pandemic has hit all cryptos hard. But i would say, unlike fiat currency, BTC is more resilient.

 

[Mostee501]

Factors that makes bitcoin market to rise are high demand in the cryptocurrency market as more people becomes aware and invest,when the government makes regulatory changes it also affects the price and the bitcoin market competitions.

 

[Justin]

I hear that when people start buying bitcoin in volume the price goes up and the people start selling the price starts going down. However, I am not sure how this happen. I mean who decides the price of the bitcoin

 

[tyrim88]

From the recent happenings the price of bitcoin cryptocurency has to do with the market ofactor of demand and supply.Once there is a panic sales people will rush to sell out their holding,thereby prompting the sharp drop in price.And government policy on their monetry policy can also affect the price.

 

[Kingzy43]

I think its the level of its demand and supply, and also it will keep increasing once super rich investors keep investing on it