Bitcoin Forum

Bitcoin started out as a small project and a small network. What is really hard to understand is how these "Coins" was even worth 1$? How can something have a value when it is not real? How has the price hit 6500$ i mean who decides the price of these coins?

To make you aware bitcoin hugest price is not 6500$ it hit 20000$ last year. Bitcoin is not a legal tender or physical money but it can be transferred from peer to peer over from and to there respective bitcoin wallet through the blockchain technology.
The price of bitcoin is influenced by the demand and supply of the coin in the cryptocurrency market. Bitcoin is of high demand in the cryptocurrency world. It is generally acceptable for transcations here.
There are nice books about bitcoin you can read
*mastering bitcoin
*the age of cryptocurrency
*bitcoin big bang

These books backed of with instructional videos can help you get a good understanding of bitcoin and cryptocurrency at large

I don't think that just an individual determines the price but the whole of the advantages of bitcoin. It is decentralized, peer to peer and it is not controlled by the government. So people are patronizing it more, that means the demand is increasing.

Market  always decides the price of these coins. That is, the total number of people who know about Bitcoin and are involved in trading. The beauty of digital currency is that no one knows its true value. We approximately know how much it costs 1 $ or 1 euro and how 1 $ relates to 1 euro, but the price of cryptocurrency is so exciting that it is ideal for speculation.

Guys,
Imagine this situation. Let's say Person A puts a sell order at 6500$ and Person B Pays 6500$ and buys the bitcoin so the value of that bitcoin now is 6500$ but why would everyone else in the world accept the value of the coin to be 6500$? Not able to understand this!

All have a developmental process so that it can achieve high value as present. Of course, no individual can push the value of such high bitcoin. I believe that with bitcoin technology, its positive advantages in the future, is the main advantage that it attracts a lot of attention from investors. Help bitcoin get value as today.

Bitcoin price is determined by same way fiat currency is determine in forex market , which go in line with taker and maker or I should just say it in a simple way , just like you want bread but can't make it yourself and need to buy it from who can make it in exchange of your money in your pocket so the bread owner gives you price and if you are ok with it you buy and if not you name your price and if the owner is ok by that he takes the money and move on so if another person need it and you want to sell you can simply put some interest to it and sell to have profit or it might even come down to what you buy at cause you don't want it to spoil and the person buying knows if it stay more than a day in your care it will spoil and decide to buy at low rate compare to what you bought at .
And in other words mean the btc price going up and down all base on the market makers and once their is mutual agreement then they deal. And that becomes the new rate till another parties change it.

It is the supply and demand. Bitcoin won't hit even $1 if there's no demand for it before but as time passes, price is increasing and thanks to the people who are adopting it and embracing it as investment, currency or medium of exchange.

That made the demand higher so the price reacts accordingly. There's the market capitalization and divide it on how many supply in the circulation now and that calculates the price of bitcoin.

Of course the one who decides on the price of bitcoin is the demand based on investor interest, the more demand for bitcoin, the more expensive the price of bitcoin, because with time the number of bitcoin supplies will run out and demand will increase, we just need that time to arrive and prices will soar

It only depends on demand and use of BTC. Basically no one is controlling price of Bitcoin.

who decides the price of bitcoin is from the Bitcoin users themselves. Basically Bitcoin is private property, not government. so every agreed price is a value for bitcoin. why can it be worth? because they understand bitcoin is having more powerful technology for the future in the world of finance and economics.

Read this:

What Determines the Price of 1 Bitcoin? (https://www.investopedia.com/tech/what-determines-value-1-bitcoin/)

What Determines The Price Of Bitcoin? (https://www.forbes.com/sites/francescoppola/2018/05/17/what-determines-the-price-of-bitcoin/#fd599185392c)

This is what determines the price of Bitcoin (https://www.popsci.com/bitcoin-price)

What determines the value of Bitcoins? (https://www.quora.com/What-determines-the-value-of-Bitcoins)

What Determines the Price of Bitcoin (or Any Other Cryptocurrency)?  (https://99bitcoins.com/what-determines-the-price-of-bitcoin-a-simple-buy-thorough-answer/)

You think fiat is real?

Belief is a powerful thing

Bitcoin price is made by private sector which depends on the number of investors. The market itself is one who will decide the right value of the coin which base on the demand and the number of investors.

Bitcoin price is not control by anyone but it price is determine by the number of investors holding the coin. Bitcoin is not fiat money but it can act in form of money it can be use to trade, to carry out transactions (peer2peer network).

this is actually like all other things the price depends on what someone beret is to pay for it .
So the Exchange markets gives the Bitcoin or other cryptocoins there prize .




kind regards

Cryptocurrencies lose their volatility. But this does not lead to growth. Therefore, the market situation is not stable. We can still fall below 6000.

Bitcoin has surprised us, nobody knows that Bitcoin will reach $ 6500, even $ 20K in 2017.

if we know that in the future bitcoin will reach $ 50K, I think, there will be many people who hold bitcoin and buy a lot of bitcoin, even if it's only a small piece.

and this is what makes me interested in bitcoin, bitcoin is not predictable, because our predictions are always wrong, but bitcoin is better for long-term investments or for short trading.

I think why the price of bitcoin could reach $ 6200 even at the end of last year the price touched $ 19,000, because someone named Satoshi nakamoto made a technology called Blockchain at that time, the purpose of making a blockchain to see transactions made by bitcoin without interference from any institution. This innovation slowly but surely makes people like Bill Gates and other rich people dare to invest in buying Bitcoin, because according to them bitcoin is a financial future, so the price of bitcoin can be valuable now because the world believes in bitcoin.

I ever have a thought such as this. Howe is bitcoin becoming valuable even extremely high than real currency such as USD or other official currency, indeed it doesn't has a physical form. Many people reason such for the decentralized system, runs on digital, pear to pear transactions, high demand on Bitcoin itself, but those all are like not reasonable because do people think that real fiat or money is also high demand.

i dont understant also your point, and i dont understand why you cant understand this lol, its very simple the market decides the price, its the law of supply and demand if you can remember it in your elementary days lessons,

Every news related to bitcoin always gives an influence on the price of bitcoin, this is what can influence the ups and downs of value. The requests and offers that are delivered can also be influential so it is important to know that all of this is very related.

Sometimes i say myself about the bitcoin and the cryptocurrency; this is a big mystery or who is in charge about all the story. Also Mr. Satoshi is missing too, so there should be something weird. But at the end of the day the bitcoin stays with us, and the market is growing. So i can say that it is going on unsurprisingly, that means some one knows something..

Actually it has depends supply and demand basically I have to check marketcap day by day supply decrease huge in this year 2018.even trusty crypto market not stable so decrease/increase is the real crypto history.but I will can be change anything just need to panic time(confidence).

Bitcoin is a very essential commodity and it demands is what always result to it price, so seeing bitcoin at a high price means that great number of people are demanding for it. Bitcoin has perform a great deal of services which is very essential to this generation and at that weither it have physical value or not it will still be relevant since it is design to operate without any physical value but in digital form.

Bitcoin prices are influenced by the demand and supply of coins on the cryptocurrency market. the biggest bitcoin price is reaching $ 20,000 last year. Bitcoin is not a legitimate payment instrument or physical money but can be transferred from each bitcoin wallet through blockchain technology.

Maybe I would harshly say something for you,
WHY NOT READ MORE ABOUT THE BASIC FUNDAMENTAL OF BITCOIN?
probably you will help to spread good ideas to someone else or in this forum.

see the development of the previous year year Bitcoin many showing the improvement is pretty good and produce prices that continue to rise. the price of the Bitcoin continues to undergo development which makes it a very nice coin to take precedence. among the many coins present Bitcoin became the most high-priced coins.

The rise in Bitcoin prices can be called one of the phenomena of recent years. At the same time, people themselves determine its price. Popularity grows, the price increases, popularity or faith in the coin falls, the price falls.

Many people wonder how the price of Bitcoin is determined. First of all, know that the workings of Bitcoin price movements are the same as currencies. no one controls the price of bitcoin, the price of bitcoin depends on the supply and demand on the market

A lot of question answers session and many posts i have read about bitcoin prediction and it's price history but one thing which surprised me that is bitcoin is still in the interest of the people and they are using it for many transaction while i hope that crypto is the word pf mouth for every one and we can use it as general money if we have extra money it is the time to buy crypto with that and forget about it after three years your investment will sure makes you millionaire.

The first thing you should know is that the way the Bitcoin price movements work is the same as currencies or other objects.
Example:
today maybe you will pay with 10 sheets of your local currency, but the next day can be 11 or 9.
Bitcoin works exactly like that.
You can imagine it like any other type of currency than you have now.
So the price of Bitcoin depends on how much the cryptocurrency market is buyers and sellers.

It is quite easy to understand, someone accepted the price value of bitcoin as it is so they bought it at that price.  It does not need to be accepted by everyone else, since not everyone  will buy bitcoin.  It only needs to be accepted by the one who is interested and willing to pay in that price.  In short, the market determine the price of bitcoin and does not need everyone to accept it.

Who told you bitcoin is not real? If you are spreading garbage idea I suggest, it would be better to keep in touch to bitcoin news daily. The people who are successful because of bitcoin. Huge withdrawal of money from bitcoin. Then now how can we say bitcoin is not real?

It's quite hard to determine the price at its current point, no one can hardly deter if it will go up or it will go down, however, and as with the replies above, there are lots of rumors regarding on why and what could the possible outcome be at the end of the month. It is simply by studying economics, you'll have an idea on how they actually deter the price, simple as that.

the one who determines is that they have the coin, each individual has the right to determine the price even though the price does not match them. (too cheap). Suppy, partnership and also project ideas are other requirements. And sadly, most people didnt give any respect to the price at the first sale.

No one decides but it has demands and supply.
Everything that has limited supply and high demand will always have a high value

the increase and decrease in the price of bitcoin depends on the speculations of the people there, and the result they really dominate it all and we must follow the current price

bitcoin is a online currency & its peer to peer system. bitcoin popularity growing day by day,that's why its price also growing.I think after end of the year bitcoin price going to be very high.

After what year? 2018? I dont think so, to be honest. Last year the hype was over the sky, mining become so popular that reached out to every person with a little knowledge of browsing the internet. My opinion, btc price will remain as this for little longer.

The value of bitcoin is in it demand when the demand of bitcoin increased it value also increase and so it is with every commodity in the market, there all depends on the demands and bitcoin as a store of value is not an exception to that despite the fact that bitcoin does not have any physical value but still on that its still worth more then some other commodities in the market and why it is so is because of the demands and the role bitcoin plays in our financial life.

Not bitcoin price only have touch at $6,500 and for last three months I am not seeing bitcoin could cross at $10,000 above. I don't know why too hard for bitcoin become more higher price again like last years where could be on $15,000.

The usefulness of bitcoin determines its price ,if everyone Start rejecting gold what do you think will happen to it? It will lose Its value and get dumped ,when something has a usefulness it tends to have value and when that happens it becomes hard to get ,please try to do some homework about blockchain and cryptocurrency in general ,you can find some info on youtube

A product's value is determined based on its features if its marketable or not. Does it have something new to offer to the consumers. Bitcoin became popular because people where sick and tired of the old centralized banking system they needed something much faster, convenient, secured, decentralized and that's btc.

Bitcoin price increase or decrease  because of the demand of bitcoin in the market. It depends on the people  who adopt bitcoin as long as many people engage in btc market will also change the value. Bitcoin is useful for everyone , so if investors continues to invest in bitcoin the price of bitcoin also  increase.

Bitcoin has a price because of the agreement between bitcoin sellers and buyers. Basically Bitcoin has no value. but the users have made an agreement to give value to bitcoin. why it's valuable, because Bitcoin has technology that is safer than the central bank. Bitcoin is more transparent than a bank. and in my opinion blockchain technology is what makes the value of bitcoin bigger.

No one decides the price of bitcoin to have a value of how high and low the price of bitcoin is, the price of bitcoin is moving because of the growing demand in the market. So there's no need to be surprised why the price of bitcoin has a high value, because the popularity and demand for bitcoin keeps increasing, so of course the price will continue to move.

Bitcoin prices always increase if you get good news from each of the most influential individuals or companies in the world to adopt Bitcoin, so people will be more confident to buy Bitcoin, because they get positive value if Bitcoin gets good news, that is a fact in the field, but if bitcoin gets bad news, then don't expect prices to rise.

bitcoin is very extraordinary, this is beyond our predictions, large bitcoin demand and limited inventory make bitcoin to the moon, has high value, and bitcoin is contested by many people.
even today the bitcoin market can be the rival for the world market.

Bitcoin value was no one deciding on what is the value on the market but the market was deciding the value just because of the investor if I am not mistaken so that if you can see that bitcoin value was always fluctuated it means depending on the world market. If you know the stock exchange they have similarity on the value fluctuation that depending of the demand or the number of investor.

I think, everyone knows that bitcoin supplies are limited, and every year the volume and spread of bitcoin always increase better, so that makes the value of bitcoin grow rapidly to reach $ 20K by the end of 2017, and now bitcoin is stable at $ 6400.

it is the people who decide how much bitcoin will cost. if people are ready to buy it at 6500, then it will cost 6500. they will only stop buying at this price, then it will immediately fall down and just go up if they start buying it at 6500 en masse.

With the request and offer, the price will appear and give the right value, bitcoin has a high value with many requests. The crypto market can provide prices by looking at the history of demand every second, and it runs so fast that it is out of control.

What makes the price of bitcoin is a system for electronic transactions without relying on trust that is peer-to-peer using POW to record the history of public transactions that have occurred

who decides the price of bitcoin is certainly the people who buy it, because more and more investors are interested in bitcoin, and buy it automatically the price of bitcoin will go up, what's more if the supply of bitcoin is getting smaller but demand is increasing, it will increase the price of bitcoin.

The law of supply and demand will always be a part of the price of bitcoin, no one can ever tell when or how much bitcoin's price going to be but I if the demand is high the price will rise because the supply is limited.

The start of every big thing goes through the mills and bitcoin is of no exception since it inception and has gone through a lot untill it hit its peak price in 2017 and am very sure that btc is never controlled by an individual and per its demand and supply ideally determined its price and not just manipulated by ab individual.

This bitcoin price can be very expensive and can be very cheap depending on the demand and depends on the total supply, when bitcoin has good news, the price of bitcoin can be very expensive but when there is bad news the price of bitcoin can fall very deep.

All of that depends on the request, so the request is able to influence the price of bitcoin high. We need to learn that the moving market is starting to improve and this is a development that deserves to be followed. Bitcoin prices can increase even if only for a moment, this has given the holders the advantage.

bitcoin was introduced to the world and people saw the uniqueness and prospect it had so the world accepted it as a means of transaction. just like every commodity in the market, demand and supply determines how much the price goes up or down. The huge demand for bitcoin was what made the price rise to $1 and up to $20, 000 in 2017.

The price is depending on the demand of coins in the market, i think in the past months there are many investors are pulling out their bitcoin investment and put it into other coins because they feel that they can make much profit by holding altcoins.

Bitcoin price always up & down.Bitcoin price coin market cap best price.Bitcoin is the best coin for wolrd wide.Most people used this coin.Day by day this coin user increase. I think so Next two year this price high up for market cap.Bitcoin uses real life.Many people bitcoin use life changed. Bitcoin earn our future bright because Future bitcoin price high for market cap.Day by day this user Increase for world wide.So I there for bitcoin price the best price for coin market cap.

Bitcoin prices are made because of trading in the exchange market between Bitcoin and USD or other currencies, so prices will continue to increase or decrease. Bitcoin prices are currently experiencing stable prices for quite a long time from the last 5 months at a price of $ 6400. And now towards the end of the year, I hope bitcoin will increase for next year.

it is simple, demand and supply determines the value of any commodity in the market. After the introduction of bitcoin, people saw the prospect it had and graudally the demand for it steadily increased causing the price and value to increase and thus grew to $1 and even $20, 000 in 2017.

maybe this is because of the influence of technology and the total supply of bitcoin which makes the price of bitcoin very expensive, when bitcoin technology is often used, the price of bitcoin can be very expensive because there will be many who are looking for bitcoin while bitcoin supply is very limited.

A lot of people used Bitcoin in the black market which for sure helped pump the Bitcoin price (https://coincodex.com/crypto/bitcoin/) up.

https://www.forbes.com/sites/panosmourdoukoutas/2018/11/04/bitcoin-price-by-christmas-a-bullish-a-bearish-and-a-moderate-forecast/?fbclid=IwAR0qT-xhm68wnxHSnG_4gt6SegAe0vXADe-sL5BnPQgR4OLry3F6tGnqRTo#4f9ddca15c56


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Better read the whole story on the link above.
It is prediction of many known people here in cryptocurrency.

Hmmm same as we all accept that our life depends on paper with numbers

You do have choices to not depending your life on it but that is your decision so actually you shouldn't complain about it.

Bitcoin market price still in the 6.5K USD and never gone to 7K USD. I was expecting that bitcoin will going to higher than anything else on other crypto like BCH & XRP that were now pumping its market price. Well, still patience is the key because there is no way that bitcoin will going to soar high when it is the most dominant and the king of all crypto in the market.

Right now, bitcoin prices are rising very slowly but hopefully the BTC can increase more. I have been waiting for this opportunity for a long time, expect the price of btc in the market will not stop the increase or discount again but I'm living to the present and I still wait.  ;)

I agree. We have to wait till it recovers on the market. Price has been fall but this is an opportunity to buy more volume and do not sell for not contributing on so much fall. I believe that it is still to worth to wait even much longer. Bitcoin price increases slowly but price will come back soon even long time.

BTC shall be 10000$ at the end of 2018 same NADAG.

Bitcoin 10 yrs ago was mere concept but when the whitepaper came out with the principle behind the bitcoin and that is when bitcoin got its own value from $1 to its present price. The forces of demand and supply is responsible for  price in the market. Bitcoin had its best year as 2017 where a new high of $20,000. Though the price is at presently at $6500 and we are expecting it to begin to trend.

supplies and demand that make the price of bitcoin soar, it takes time until now bitcoin has entered in a decade. great, no, without physicality but can be a valuable asset. I think you should look for other references so you can understand and understand the history of bitcoin.

Bitcoin price is base on simple economic principle of demand and supply. The supply of bitcoin is limited and the demand keep increasing. This result in the higher price set be those willing to sell it to traders that nee it.

in my opinion, it depends on the demand of the two people who want to invest in bitcoin. if both of them do agree, maybe bitcoin can be offered at a high price. it all depends on the two people who want to sell it.

A lot of demand on bitcoin is increasing but the offer for bitcoin is running low and that is what causes prices to continue to soar, so if we hope that bitcoin will continue to rise then maybe choosing to hold will help to raise prices.

You are in the world of internet now.
Maybe that could explain you everything.
Can you touch the internet? It has no physical attribute and yet it is now one of the most important thing or whatever they call it in one house, company and individual. Why is that?

It doesnt matter now if you see it or not or feel it. It aint the stone age anymore. We should just go with the flow of technology.
I hope that explains everything.

Bitcoin prices are decided from market movements, demand and supply become the process of forming bitcoin prices, with the mass demand it will make the price of bitcoin soar, and the price of bitcoin falls when many sell bitcoin. Demand and supply on the market will continue to spin, and don't worry too much about thinking about it, even though the price of bitcoin falls but bitcoin will increase again.

To this day the price of bitcoin continues to hold around $ 6500. And that has happened in the last few months, I hope many people make bitcoin requests, so the price will rise. At least the ideal bitcoin is priced at $ 15k. Only hope to welcome this end of 2018.

Bitcoin price is determined by same way fiat currency is determine in forex market

In the past time, we have witnessed a process where bitcoin's price has not fluctuated significantly. That may make the market not hot and many investors are worried whether they can lose more or not.

Bitcoin prices are getting better as Bitcoin is reaching $ 6,538 this price today. I think will change in the next few days and Bitcoin can hit $ 8,000 in late November. Good news from the community which it makes Bitcoins become more alive at the end of the year.

Bitcoin price  this days in  Crypto markets are seeing some stability today, with most major coins seeing only minor ups and downs.

all of that because the large volume of demand will make the coin price high, and you can see the total capacity of bitcoin at this time is very large and that is what makes high bitcoin prices

Before asking this question, have you ever gave a thought if the fiat currencies are backed by anything? If not then how is the value determined? The value of fiat money comes up because of supply and demand relationship. Since it is not backed by any kind of physical commodity like gold, if people loses faith on fiat currency, then the paper notes will become worthless. Same thing goes for bitcoin. The value is derived because of supply and demand. The value will exist as long as people have faith on it.   

It's very simple - the price of bitcoin is determined by investors themselves. The more people invest their money in it, the more people believe in it - the higher the price it becomes.

bitcoin has value because to run a network or mining requires electricity and equipment
bitcoin prices can touch $ 6.5xx and ATH $ 19, xxx because bitcoin has a limited supply
and bitcoin has many advantages as a currency
so no one can decides the price of bitcoin or cryptocurrency it all depends on demand

The price of bitcoin is influenced by many factors - its relevance in the world, how many people invest in it and use it, prohibitions or permits of different countries for its implementation. All this is the development of prices and fluctuations up and down.

The most important thing that has a serious impact on the price of bitcoin is how many people are willing to believe in it and invest their money. And also the people who sell it. Both of these nuances determine the current price of bitcoin.

Some trusted sources like bitcointalk have asserted that bitcoins will show signs of improvement later this year or early 2019 in general will not be ascertained. But I was well prepared for the price of bitcoin to increase. Do you believe me?  ;D

I think that the popularity of bitcoin has become after the Internet has become an integral part of our world and almost everyone can use it. With the development of the Internet came to us bitcoin. The price depends on how the governments of the world support it and how much people begin to trust this technology.

I don't think that it started as a small project by Satoshi. As far as I know, there are old forum is sourceforge meaning he knows what his doing and his project can have a dramatic impact. As for the price, its based on supply and demand, so obviously if there are more demanded then the price will go up there's nothing magical about it. Satoshi envisioned it as a form of micro payment scheme, so definitely it could have values from $1 to $100k.

     Bitcoin has no value, but users have agreed to give Bitcoin value. With demand and supply, the price will appear and give the correct value, bitcoin has a high value, with many demands. If the demand is high, Bitcoin's price will increase. Let's hope that in the future, other coins will rise to a level of gold, as Bitcoin did, starting from a simple concept.