December 11th, Essentially, if Bitcoin can increase its real-world usage, we could see one of the really positive Bitcoin price prediction come true. In fact, there are many other cryptocurrencies that are faster, cheaper and more scalable. Bitcoin is always a good investment and buying it at the relatively low current price is the best decision to make. And then the year after that was one that most Bitcoin bulls would rather forget. Over the years, the price of Bitcoin has been affected by a number of determinants with the major known factors being government control, anticipation of future increase or decrease in price due to an impending event, demand, and supply which is mostly affected by some of the determinants, and media speculation. Slow processing time is the reason why bitcoin is not adopted as mode of payment by many.