Looking for some water cooler conversation input? Make sure to check our the bitcoin price graph below. You can adjust the graph to your own liking, by selecting a specific period on the graph or by clicking one of the buttons above it that alter the range to a day, a week or even a year. You’re in control.

Everything’s fast in the world of Bitcoin: technical development after technical development is implemented to improve the network, twitter beefs come and go, and of course the price has its ups and downs as well.

That price is subjected to change every second of the day. Unlike the traditional stock markets, bitcoin has a price 24/7, 365 days a year.

There’s no opening or closing price in bitcoin.

Lambo’s left, right and center, luxurious yachts and computer geeks. Those are some of the first things that used to come to mind when people think of bitcoin. But a lot more has happened, especially regarding the price. Although it might seem that bitcoin has been on the rise from the start up until 2017, there definitely have been lows as well. Hang on tight, let’s take a quick look at the history of bitcoin.

A huge office, jam-packed with men in suits who are high on caffeine. Phones are ringing everywhere: “SELL”, “HOLD”, “BUY” are some of the terms that are being yelled across the room. That’s the image the writer of this article has in mind when she thinks of traditional stock exchanges.

The setting on the bitcoin market is not that different with the caffeine and the terms, except that everything happens online. The bitcoin price is constantly moving, depending on supply and demand.

Supply and demand are based on several different factors.

News for example usually has an effect on the bitcoin price. When Donald Trump tweets something negative about bitcoin, that could cause the price to decrease (which could be looked upon as a great buy bitcoin opportunity). On the other hand, when Microsoft announces that they are building a new product on the blockchain it will most likely have a positive impact on the price.

But the value can also be determined by other factors. Some investors strongly believe in technical analysis. Technical analyses use historical price charts and market statistics to identify patterns and try to predict a price movement. This way, traders hope to recognize signals to buy or sell bitcoin at the right time. Traders adjust their strategy to their analyses, and so technical analyses can influence the bitcoin cours.

Since the bitcoin price is still volatile, we recommend you only invest an amount you can afford to lose. You could potentially earn a lot of money, but you could lose it too. At the same time, we believe an investment in bitcoin is one of the most interesting ones you could do.

Would you like to purchase bitcoin? Make sure to do your own research by reading news articles, technical analyses, and read about the technology behind the coin. And who knows, you just might be the new Andreas Antonopolous.