Bitcoin Forum

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
           Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

I dont think there would be a model/formula about it yet here on cryptospace where people do only refer on whats being written on coinmarketcap.com when it comes to
its total market capitalization which would signify its demand and this isnt the accurate one since OTC trades arent really being tallied nor being included.
BTC price is the average total on where bitcoin is being traded.

There is really no accurate formula for the bitcoin price. Spare yourself in knowing one as there is nothing that you will find. The formulas the OP presented are just basic equations to get the approximate price. But looking for an accurate one, nope. There are a lot of factors in play here, aside from countless exchanges involved, the happenings or situations surrounding the use of bitcoin or crypto are immeasurable.

There is no effective formula in determining the price of Bitcoin unless the law of supply of demand in which you stated above. Technically, Bitcoin's price don't follow other principle but rather the supply and demand only. Due to this case, we are implementing the technical and fundamental analysis which is subjective though it uses indicators, charts, and news for a certain market such as Bitcoin.

No, there is none. The market is driven by the market and it is also affected by current event and price movement. Just a single dump can cause a massive panic. Also, there are big whales driving the market price, they can cause a massice pump or dump anytime they want. There is no specific formula, even TAs don't work sometimes.

As others have said, there is no specific formula for calculating the value of bitcoin correctly. All are determined relatively, including the recipes you give here. If someone knows about economics, they will understand, Interest Rates, Inflation, Economic Growth, Political Stability are the main factors affecting the value of a currency. Read here to see more: https://xftcapital.com/en/article/economic-factors.html

This is not a proper way to present a formula. It would help if you mentioned/explain what T, P, S, and D are. Otherwise, the reader could get confused and discuss something that might not relevant to your formula.

You might find this stock to flow model interesting:
https://bitcointalk.org/index.php?topic=5191012.0

However, keep in mind that models in economics/finance often biased and contain "big" statistical errors.

There will be no formula here, if the price of Bitcoin is known in the future then no one here is poor. All of them are just quarterly indicators of bitcoin's supply and demand to consider the psychology of crowds. These formulas will indicate the trend of the crowd in a certain period of time and your job is to determine the trend of the market in the next short term. It is quite similar to determining the trendline for Technical Analysis.

Information is quite lacking when you presented this. Sides, the Price of BTC involves a lot more factors and is quite unpredictable because human interaction could affect it. Plus, BTC price could differ from time to time because of the possible effects of halving.

I also tried deriving P from the given S and D, but the P i got is D/TD. Kindly give out the way you actually got P from S and D, then provide information, then we can talk.

Dont make your mind blown just because of a mathematical bitcoin formula that you are looking for. Just simple to calculate the current price/value in the market even though this is a very volatile currency. You can use the calculator to multiply the price times to the current amount of Bitcoin.

But base on this medium post that I have found, there is a unique formula of bitcoin price using your scientific calculator.
Bitcoin price mathematical model (bitcoin formula)
 (https://medium.com/@levumanov/bitcoin-price-mathematical-model-bitcoin-formula-f1967cd34c6f)

That model is not only for Bitcoin. It was basic economic—supply and demand model for any goods.

I don't think I know any. Before jumping to formula, you should think of the major factors that could affect Bitcoin price significantly. Even for that simple question, the answer isn't there yet because Bitcoin is still young. Whales with big money could easily drive up or tank the price for no reason at all. I think most of the price movement happening recently isn't caused by any fundamental.

that is the basic for demand and supply but you should also consider the circulating supply, the dead coin ofcourse there were lots of btc in unknown address and there were no chance to be recovered you should also consider the daily volume it may affect the price.

There is a way to explain the price but a formula, I think there is none.

I mean we are talking about  Bitcoin here, one of the most volatile cryptocurrencies in the market. If we have the formula to compute the price of it, I don't think we will be having a problem earning here, right?

Assuming there is a legit formula to determine bitcoin price somewhat assumes the majority of bitcoin value is determined by natural market mechanics.

Rather than partly determined by news stories, politics, market manipulation and assorted influencers.

I believe that's the largest obstacle to accurately predicting the value not only of crypto currencies but precious metals, fiat and virtually anything else. One example of this is the value of tesla stock. The news media published thousands of negative pieces on Elon Musk encouraging investors to short tesla stock. I think over time people realized the disproportionate amount of attention Elon Musk/Tesla/Space X were receiving.

On one side there was a political and media based agenda attempting to devalue tesla stock. On the opposite end of the spectrum there were earnings reports, press releases and tesla's unveiling of its new cybertruck which propelled the value of tesla's stock upwards.

How to draw up a formula which can quantify the effect of news stories and other topics which trend towards being somewhat intangible.

As much as we want to contribute, simple letters couldn't even explain what an element in your formula is. And by simple supply and demand, it doesn't work that way. Demand is a multi-factored element in its own, and is driven by market sentiment, recent news, companies take on an asset such as Bitcoin, and many other more. It cannot be simplified to a formula that would definitely answer predictions. No such thing exists.

I think we can say that it is based on the principle of the demand and supply but I don't think that would really determine the real price of bitcoin. The investors are the one that dictates how will the price move, if they invested more on it, the price will obviously go up, when most of them sell their investments, then it will just fall down.

It is all about the market and how it works out, if people are selling bitcoin then the price goes down, if they are buying it then price goes up. It is quite simple, however the tricky part that why no formula ever has succeeded to figure out the price before hand is that who holds the currencies.

For example, in stock market you usually know who holds which companies stock, even if not the small time minor holders but you at least know that who owns 10% of the company or what the banks are invested in etc etc. So, if you don't get that information in crypto, there could be someone with a million bitcoins keep attacking the price constantly (like Craig Wright) and we may never know about it, that is the real trouble. Whales make sure no formula ever works properly.

For me, there is no absolute formula to predict bitcoin's price. Just by having the fact that its value is very volatile, we can already say that different instances will occur leading to unpredictable determination of price. You may see whether it is going high or low for a moment but things will change quickly so you better be ready for those unexpected dumps to avoid losing money. You can use that formula but only in generally predicting what will happen next, not the exact value.

The price is simply based on how the demand and supply is moving, if the demand goes high the supply gets low, vice versa. So basically there is no formula at all because the market is constantly changing. Now if you guys are very eager to formulate an effective way of getting into bitcoin's price then might as well watch the prices 24/7, deep technical analysis and a heavy mathematical needs.

If such formula does exists then we should not have a forum like this coz no one will need no one.

None. All are just prediction.
Coinmarketcap is just a basis.
Even with mining, bills,electricity, tax or whatever financial issue. They are all just putting a number there without accuracy.

Mostly I see calculation with miners but who knows who can really move the market.
You will just be shocked at the price dumps and pumps which is out of this world.

There will be no proper formula for bitcoin price as it depends on various factors and there will always be some new events or factor affecting the price of bitcoin negatively or positively. All we could do is just keep a track of market trend and act accordingly because we cannot gauge or define Bitcoin's fluctuation with any simply formulas.

What your model and technical use? do you think is way how to start trading in bitcoin and altcoin? how to understand with your technical and method you discuss on your topic. I think like nonsense what have did you write, next time better you can give little explanation with your topic because almost every reader not understand what do you mean with your topic.

Supply and demand so as to create a price there, is that what is meant about the formula? Whatever formula it is to trade I think it will basically be the same as buying low and selling high, but in reality it is still difficult to do when you don't know what happens behind many factors there that can affect prices more strongly than a formula you have.

I think I have seen the same opinion but with a different formula and because I believe that there is no such formula that can determine the price of bitcoin accurately, I have ignored it.

Likewise, whichever formula you will be ending up with. That will not matter because it will only lead you to speculative formulas which will become good sometimes but many times, it won't.

Very flawed basis. It's something projects purposely exploit by printing as many tokens as possible, but only have a small chunk of it in actual circulation. The small chunk will obviously make the whole market cap look big while in reality it's just based on the small chunk of coins that are circulating.

Forks get an easy ride too because at the moment of forking, they have the exact number of coins as total supply, just way less in circulation in the initial phase, which we have seen pump the market cap of BCash to crazy high numbers.

It takes time for people to convince themselves to import their private keys into a new (most likely untested) wallet, and in most cases there is no replay protection right off the bat, which only further prevents people from dumping early on. Market caps are the Chuck Norris in crypto. Can't take them serious.

No there is no such formula. In fact technical charts and other analytics also don’t work for bitcoin. There is only one rule which is followed by most of users that buy when you think price is taking dip and sell when you think you have good enough profit. Never do the greed.

That's it basically.  It's a pretty much open market so it's the supply/demand model that dictates the price.  Manipulation is still present but the price still follows if there are more buys than sells than the price will go higher and the inverse if there are more sellers than buyers.  No need to complicate it

It doesn't really mean that those formula about supply and demand will all work with Bitcoin. Maybe there is but we haven't just discovered it yet. 'Cause if there's actually an accurate formula for bitcoin's price, then everyone should've know the exact price it could reach. Then some professional wouldn't make predictions about bitcoin price.

My experience tells me that's you are actually right lol.
I didn't see any formulas or chart theories that could work in 70% of times at least.

Lol, there is no fomular to calculating the price of bitcoin. The price is determined by the reactions on the crypto market, news, further developments in the cryptospace. The price of bitcoin is very volatile and i don't think we can have any fomular that can accurately be used in calculating the price of bitcoin. Stay on CMC https://coinmarketcap.com and you will always be informed when the price changes.

prices change at any time, depending on demand and supply, I think it is more practical to look at coin.marketcap, we can immediately find out the price right away. but indeed if for knowledge there is no problem how to find the price. but I still choose to use practical methods

There are some factors that influenced Bitcoin price:

• Supply and demand
• Number of Exchange
• Government regulation
• External news

I'm not sure how to calculate the price of Bitcoin, but there is definitely a formula. If there's no formula, how does the exchange calculate Bitcoin price? It's impossible to just shoot numbers.

I haven't really bothered looking into it, nor do I intend to. I just watch the price. What we just need to know is that demand plays a large part and that we are getting less and less new coins into circulation. Of course there'll be some manipulation from big players but it'll still have to take into account creating demand to drive up spikes, etc.

The formula for the bitcoin price is simply law of supply and demand. It is a basic topic of economics. The more the people that buy something then the more its price will go higher. Bitcoin's price has jumped up a lot from its price of 2009 up until now, it proves that the demand for bitcoin is really high and if we want to see even higher prices then we should attract more and more people to invest into bitcoin.

There are simply too many macro variables including sentiment that is simply unfeasible to predict all the time to have a model that can accurately say what price BTC is or should be at at any given time.

There have been attempts at doing this with all the TA going on, but I'm yet to see one that is legit.

At the end of the day though, I think that identifying the long term trends are much more important in this regard than short term predictions.

I'm not good on formula, but so far after ten years there is no relevant formula we can use, all I know is the price still depends so much on the hype and FUDS around us, if there are exact formula about the price of Bitcoin, then there is no more speculation, I guess another factor is the limitness of supply and all of it's features.

If there was a formula to calculate Bitcoin price I guess everyone would be rich by now. But Bitcoin price doesn't behave according to formulas or patterns. It's defined by demand and supply, that is the main component that influence the price along with sone other side influences that can't be always determined and predicted.

Absolutely, because it just for computation purposes and it has nothing to do with how much price would it be after 5 years. It has nothing to do with price, maybe just a little bit factor for the price but it is still depends on its volatility.

Market is still unpredictable even if you use some of those formulas in computing demand and its price.

From the start of bitcoin the very first thing that was created was the pricing, everyone wanted to buy bitcoin and everyone wanted to sell theirs, so in the end there was a conclusion that whoever wants to sell bitcoin decided the price of it, if you are willing to sell your bitcoin only for 20 thousand dollars, then that is the price for you, if enough people believe the same thing with you then there will be less people selling under $20k and eventually price would go up, if you believe the price is 1 thousand then that will be the price.

Buyers are always around and they always buy but since it is a scarce product bitcoins price has always been decided by what the sellers are willing to sell their bitcoin for. In order to see what the price is, we have to see what sellers are willing to sell bitcoin for.

There is no definite formula, it all matters in the demand and supply law. When the demand increases the price increases knowing that the supply of bitcoin is soon to be limited. There might be certain codes or laws applied in bitcoin while creating it, exact formula might be too tricky when laws also used.

If ever there's a formula for determining bitcoin price, I guess it won't be divulged to the public. Business is purely confidential and should be a confidential matters with regards to its foundation. Bitcoin is a huge business of anonymous people, so we must understand that this thing is always kept secure to maintain it's momentum and remain into the strong pillars.

You will find platforms predicting the market , how it will go and how the price will rise , upto what , but after years of seeing them all what I know is
NO
They will say things and trust me it would have worked if it would have been something like stock market but bitcoins and cryptocurrencies are something that is really hard to put the hand on therefore I don't think you are gonna find something to predict the price .

I think it's beyond just normal price and demand because since the supply of it is fixed and there's guarantee of that amount and not a fear of losing it anytime before the limited number is mined, we should consider other factors like electricity and mining costs and also value of blockchain.

There is none. Some people are relying on moving averages that show the bottom value and determine the price this way, some project the value by looking at halvings and how much the price rose after each of them, some are taking the minimum price as the lowest level of mining profitability, currently around 6000 dollars.

There's really no universal pattern or formula understood and valued by all investors.

You can't create some formula because it was too hard to think what people's mind. We can accumulated such incoming data because everyday we cope a lot of different news and there are a lot of possible happen everyday and it would be math error.

Even technical analysis often does not work in the cryptocurrency market, not to mention some formulas for calculating the value. If it were that simple, everyone would be rich. The cryptocurrency market is extremely young and unpredictable. I would rely more on an intuitive search for the lowest point to enter an asset than on some obscure formulas.

I think such a formula really does not exist, bitcoin is a decentralized currency where the price determination is purely done by market participants. If there is a formula, then there is a control behind the bitcoin market, maybe the purpose of the formula is a strategy, if the strategy still makes sense because everyone has their own formula.

No one can explain the formula, developers create their own based on their analysis. All we know is that BTC Prices pertain in the law of supply and demand like any other traded currencies and in stock market. Satoshi may used  some formula but its only hime who can identify and expose it as bitcoin is created to be decentralised and to be this unique.

If there is model/formula then it is like we can predict the price and what will happen next? No one can predict the price right? so there is no such formula, if there is, then many are rich now and predict the price and get it. we are experience and know crypto and bitcoin for many years and even a single move that we want to know we didn't get because it is not readable or we cant find it anywhere if it is written.

There is one that people keep forgetting that is definitely not deciding bitcoins price but at least gives us a ball park of what could be the calculation for "SOME" people. Which is how much is a cost of bitcoin when mined.

Even the most advanced and amazing machines have a slight profit right now at around 6 thousand dollars cost, that is why right now not all miners are making money, the old generation machines are making a loss and the new and advanced ones are barely making any profit, which shows people with thousands of machines do make a decent income because it is all combined but the people with few coins do not make that much money at all. That is the "cost" of bitcoin tho, not the "price" of bitcoin which are totally different things but at least it is a formula that can be used for certain people.

I used to use a simple calculation. I would divide the price by the total number and draw a conclusion. However, this is not the correct result. To calculate the price of a coin, you need to investigate its popularity. As a result, if all coins go on sale at the same time, the price is reset.

Technically it do have it's formula, but we as an average person who just invested fairly I don't think we have good times know about it. Honestly we don't care for that, and we what's most thing that we're interested to is bitcoin's price to increase and give us hope.
Most people on knew about cryptocurrency, was trading and gambling so with respect to formula it remained a very discreet idea for deeper idealism about digital currency.

If a person has a mindset like that then probably at the end, he will lose money in his investments. A wise investor always care for the price because it is the measurement to see if the value of something has gone up too high for him to buy as an investment. Investing is about patience and waiting, if you will always buy at the current price then there is a high chance for you to hold it longer just to make a decent profit.

A good investment have a good timing, we cannot just put our money without proper timing and researching. The price of the bitcoin matters when we are investing, we cannot invest if its price is at the peak because there is high possibility that the price will go down. IT is really better if we have good timing where we should enter to the market when its price is at the bottom.

simple = basic so yeah , you cant expect extra-ordinary about it but if you want more precise formula you can still find them on here or on some other sites just do a research of the exact thing that you are looking for .

 me i prefer the basic one because that is more understandable for a low i.q person like me and i believe that no matter how you look for more  detailed forumula's there is still a chance that your analysis will be failed because of the disruptors and manipulators of this market .

all the formula is just a simple one, it's simply a demand and supply formula, you should know that  and it's literally really basic stuff when it comes to trading and speculating bitcoin price. people don't know this, should just probably not enter this world.

simple doesn't mean basic forever, it depends on the person whose understanding the formula. if they don't know what the hell is that, then it's not a basic stuff for them.

Back in 2010, the first ever Bitcoin exchange (New Liberty Standard) used some sort of formula (based on the block reward and electricity cost for mining) to calculate the Bitcoin prices. They had fixed BTC vs USD exchange rates, which got revised every month or so. And if I remember correctly, for the first month the exchange rate was like 1 USD = 1,300 BTC.

I am afraid not even a Princeton course about Bitcoin could determine its price. The price of Bitcoin is determined solely by the market. There is no other mathematical formula that determines it. Bitcoin is offered to the public where everybody can buy and sell as they please. That is how the price of Bitcoin is created. You can create a general pattern of supply and demand on Bitcoin but not to determine its exact price.

This formula maybe works to estimate the price in real time, but it doesn't work to make a future projection of bitcoin price. In the end the bitcoin price doesn't come from a formula, it comes from the markets. What's the price that people are ready to pay for it and how much want the users at the moment to sell their bitcoins.

The price of any coin majorly depends upon the demand and supply. If supply is less and people are demanding more than the price will rise and we have seen in past as well and vice-versa as well. Also at times news plays a vital role in the determine of the bitcoin price.

As far as bitcoin price is concern there is no specific formula that can predict the market price, some people come up with their own formulas where they use as a basis in trading but no one was able to really claim it worked 100% accurate. The bitcoin market is very unpredictable and that no formula was able to predict it and it may not only one formula because the movement changes as well as the factors affecting it, your lucky if you are able to come up with something that is as close as it can get to it's price trend.

It's just supply and demand. Here the demand can't be calculated appropriately. But even if you get the number for demand. The actual price can't be calculated because of the added manipulation. Market is highly centralized and few are running it. So whatever formula you use, knowing the actual price is far than possible.
When price can go from $1k to $19k in just one year. I doubt any formula or hypothesis would make sense here or can give a clear picture of the market at all.

No, there isn't you cannot simplify a complex concept into a formula. Bitcoin price cannot be predicted surely but, is possible to make a great guess from the past data in its price chart. The formula indicated here is only a factor from the whole votality of its price: its supply and demand. Investing in crypto world is risky because it is hard to predict when the prices would increase and decrease. People should be very careful not to lose investments.

Yeah right,  there is no mathematical formula about the price of bitcoin that can help people to know what Will happen but I think as you said, it's demand and supply that can help us to know the price of bitcoin. When people start buying crypto more and more so it makes the price high automatically when people sell so supply increases and it makes the market dump.

the simple formula for bitcoin price just "price will go up when hashrate going up too" , of course this is in a large scale sense. remember when major bitcoin mining farm in china get fire october last year ?
no block for 2 hours, since hashrate contributed by that mining farm is so high.
and what OP says is by economic formula, of course no wrong with it.

I think the question is why do you want to know a formula to calculate the price of bitcoin? Do you want to predict the movements of the price during the next days so you can profit from them? That is impossible, you can use technical analysis to make some inferences about the direction of the price but even those inferences are nothing but a safe guess about what it may happen since there are many examples you can find in the way bitcoin moves that defy those analyses.

There is no formula about the price of Bitcoin. In general, there is that basic economic formula of increasing value if the demand is increasing and yet the supply is fixed, or even decreasing with respect to Bitcoin because there are always lost or forgotten Bitcoins. But apart from that there is none. It is not even a fixed pattern that increasing hash rate is equal to increasing Bitcoin price.

There is no formula all the price actions are based on the simple theory that we heard before which is the Law of Supply and Demand. The supply is fixed and it is going to get halve in a few months. The other factor is global events and regulatory policies which will also have an impact on the price through increasing or decreasing demand. The final thing is just the technical analysis which traders are using always there will be selling pressure near the resistance level and buying around the support level

The market price depends on the volume of the coin in a specific exchange and the demand of the consumer into it. That is why bitcoin is volatile because the price of it depends on the rule of supply and demand. It keeps on changing day by day and sometimes being controlled by the whales so that the price will not go down so much and maintain its stability as long as they can.

That formula says nothing about bitcoin's supply and demand. because that formula takes detailed numbers and calculates the supply or demand for any given commodity. but for bitcoin it is only expressed through the volume and series of manipulation of the shark. then those figures will never be accurate. therefore, we cannot predict anything, we can only follow the flow created by the sharks and if we go upside down we will be exhausted and die. that's it.

Unfortunately there is not. Normally when you are buying a stock you can check the details of the company by looking at their accounting and their finances will tell you how much it worths, you can figure out what a company is worth in marketcap and you can divide that to number of stocks and find out how much one stock worths, with that method you could either see it being undervalued or overvalued and make your investments in that regard.

However in crypto world nothing like that happens, one of the legit criticisms of bitcoin is that, the value is made up and is not backed by anything and normally is worthless but people give it a value. That might be true but same goes for basically everything, so bitcoin has no formulation, theoretically it could become 1 dollars or 1 million dollars and both are mathematically possible things.

There is no formula in calculating the price of bitcoin. It's different from the basic formula we know in the economics. Though it can be applied such as when demand increases, so does the price. But not literally you can compute the exact future price of Bitcoin in the market. That is why everything here in crypto is a risk because we don't know and we have no idea what will be Bitcoin's future value. It can't be computed and every computation made by others are just merely speculations. There's no assurance.

It could go just like the normal stocks in the market, demand will In determine the price of a particular thing. If the demand is high, the market value would be expensive. But the problem is that, demand and supply do not ALWAYS accurately predict or determine the price of Bitcoin given that its market value is changing from time to time. Market volume on the other hand determines the rate of exchanges in every transaction which do somewhat reflects into the market price. But to sum it up, there is indeed no formula to exactly explain the price of crypto.

Apart from the influence of just demand and supply, Bitcoin price heavily depends upon electricity price and hardware prices as well. And never forget, the price of data or internet packs because without internet, Bitcoin can't me mined.

I wish there would but there is isn't. Many think that technical analysis always work but it is upto big holder/ whales only if they decide to play technical game then prediction will work through chart reading but if they look for big profit they will start rally then no trading analysis work. As btc demand increase will see rise in price thats obvious but how much will it increase we can only relate using range.

The market is undoubtedly due to the Law of Supply and Demand, but there are other aspects to consider, such as the study of the volume, the shape of the chart, varies according to the criteria of each analyst.

In my particular case, I analyze the market with Wyckoff's theory, and following some of Jesse Livermore's teachings and model, the Bitcoin market is applicable to all types of models, but to simplify, there is a lot of intrinsic information in volume

Agree, besides if you have a formula you would have just a poor lead as price changing from time to time. And there are too many factors that must be considered upon formulating such calculations like the major events that sometimes temporarily influences the price changes, and such whales who are behind from sudden pumps.

I hope by now, if you are a crypto user, don't seek for the bitcoin's price formula. Because there's nothing of such equation. Few hours or minutes, the price can change drastically, few hundred dollars or thousands more. So if someone is telling you that he has the magic formula, it is a bogus one. Even if you are following bitcoin for so many years, you still can't devise a formula because, it is combination of so many factors that you can't even integrate those factors into one equation. And every time, those factors change.

It is base from demand and supply and if there is formula people should know what price it were heading. But, as we all know there is volatility in bitcoin as it may low and high price. Indeed without the internet, it cannot be mined. So from the start, I have known bitcoin there is none formula exists.

Perhaps a similar formula would make sense if the price of Bitcoin was formed solely by natural processes, supply and demand.
But if this were so, then we would now see the price of bitcoin below $ 3000 due to a number of panic sales that were artificially stopped, which more than once led to the restoration and stabilization of the price of bitcoin.

The model/formula for bitcoin price is not viable as it is simply the principle of financial supply.

Let's check this logarithm form:
Log10 (BTC) ~ 2.4 In (t) - 15.7

The formula symbolizes a similar bend and simply composed in an unexpected way. The main structure clarifies the logarithmic state of the pattern line bend.
This is a extremely ground-breaking equation undoubtedly! You may now demonstrate the value pattern for a considerable length of time ahead.

There is no specific formula for bitcoin as it is greatly affected only by its law of supply and demand. The market is driven by how the people manage the market and any negative or positive news that will come will definitely make bitcoin price pump or dump.

I don't think any formula will give us the exact price of bitcoin everytime it changes. It is known that bitcoin is volatile, changing prices everytime - after a second, minute or hour. It is because there are many factors that affect bitcoin's price. Knowing these factors can be a key to know the formula, but it is very hard or can be said as impossible.

This is the basic factor that defines the value of anything that is in the market. When oil got accumulated, the availability decreases and further the market price of the oil will be upon the price mentioned by the one accumulating the large volume. Same is here with the whales of the bitcoin who at times manipulate the market and define the price. There will be some formula, but to find the same isn't possible as the market won't travel over the same forever.

It is impossible to catch the exact price through a formula. But I guess it is possible to know whether the price is going to increase or decrease with the use of a formula.

There are no current formula for bitcoin prices due to its volatility and increasing number of holders. The basic knowledge of supply and demand only give you a glimpse of what are the factors that affects Bitcoin's prices. Also, take in consideration such parameters in relation to Bitcoin's price change: exchanges hacks, whales, forks, pump and other stuffs. Therefore, you can't actuate the price at any given time by the use of equation but you can relatively estimate where the prices would be by looking at the chart and analyzing it.

Actually there is no formula. Have you ever found 100% correct Bitcoin price prediction? No, so there is no formula.

I do not know if there is a formula for the price of bitcoin but I once heard that the price of bitcoin is usually controlled by market whales. These are the reasons for the price fluctuations By analyzing every price man, they increase the price.

I think this formula won't be really effective to know and predict the possible bitcoin's price because there are no any accurate measures when will bitcoin increase or decrease it's price. The reason why bitcoin is very hard to predict due to it's votality that no one can really say what will be the next move of bitcoin.

Whales can manipulate with the market, it's not a secret. Market manipulations are a common thing on every market, crypto market is maybe more vulnerable because low market cap (generally it's low, 180B is a bitcoion market cap, if group of whales get together with just 10% of that they can manipulate with the market).
With so many manipulations from whales, groups that get together, independent traders, trading bots, with 24/7 market that never sleeps its impossible to create a formula for predicting the price movement. Changes can happen while you sleep, and I mean big changes. Fluctuations in crypto market are so high that you can either earn from them in short term, or to simply believe in the future of some projects and just hold.

For a decentralized cryptocurrency, there can be no formula for its value. The only formula is the higher the demand and the lower the supply, the higher its price. A decentralized cryptocurrency is still a pretty risky financial asset. No one can yet be sure of its survivability, because for the time being this is a completely new phenomenon, which practically contradicts our previous ideas about the laws of the economy. Only after a significant period of time will it be possible to say whether cryptocurrency will take root in our world.

I think there is no accurate formula for the bitcoin price. It is really high on volatility that even expert cannot predict the price on it. Its price always change depending on the market volume it is about the supply and demand.

Definitely there is no formula for the BTC price movements everyone just comparing the past price movements and expecting the same now. The bitcoin market has matured a lot when compared to 2017. Most of the people in the world have heard about BTC at least once so getting them back to crypto is not an easy task and it depends on the basis of the law of supply and demand. so the past price movements help a bit for prediction based on the technical analysis which is just a probability game as in the stock market and nothing more than it.

For me, there is no certain formula on bitcoin's price. Bitcoin's value has no certain formula, its value is changing in an unpredictable manner all the time. If you really want to identify the changes on its value, it would be best if you would monitor the value as time passes by to know what are the best possible ways on how you can make the most from your investment. I don't think there is a popular model or formula to identify bitcoin's value which leads us to the conclusion that's the best way to know bitcoin's price is to see the movement on its price time passes by.

Yes. There is no specific formula in determining the exact price of bitcoin as it is more dependent on the law of supply and demand. Current news and events will also give impact to the price of bitcoin whether its positive or negative. Those massive pumps and dumps are expected most of the time since the market has always its flaws because of its volatility.

that means no one can control the movement of bitcoin prices because bitcoin prices depend on the interaction of buyers and sellers at exchange sites from all over the world so it is difficult to be able to know the movements of bitcoin prices will go up or down, if you often see predictions that use line drawings trading then it just trying to apply price movements from various sources of theory and no one gives a guarantee of correct predictions.

but still people keeps on following t.a   . it could be t.a by others or by them selves but you said these cant guarantee correct predictions  ? hmm but  maybe they work for them  .  i dont only agree with you when you said no one control the price because we can control the price ,  people or whales can up or down the price as long as you will be buy a good amount of coins you can move it depending on your own likings  . i think its possible to talk with these guys if what move they will do next so that we have an edge if what to do next 

TA is a way to calculate what the price of bitcoin "should" be and not what it "will" be because those are different things. Unfortunately in bitcoin world there are many things that can't be calculated and that is why TA most of the time turns out to be wrong, there hasn't been a single TA that could find what the bitcoin price will be like constantly, sometimes they are right and sometimes they are wrong and you never know when it will be right and when it will be wrong.

TA is only good to understand what bitcoin should do and sometimes bitcoin does exactly what it should do which is when you make a profit, that is the good part of TA and why everyone should learn how to do it, sometimes it doesn't do what it should do and that is when you lose money, that is fine because you can't always be right in finance.

Never thought of a formular. Great idea but I think it is difficult to create one as bitcoin is just doing moves like it wants. The formular probably needs to be adjusted daily/hourly and at the end there will be no correct formula.

As others have stated before it's a basic theory, the price is driven by supply and demand.  When there is more supply than people qillmarket sell which will drop the price and vice versa.  Before markets were created people used generation cost to price bitcoin but there is a robust amount of volume to use now instead of theoretical pricing methods.

There is no formula for bitcoin pricing and it's not governed by any model. Bitcoin is sustained counting on the market situation. the worth of bitcoin has fluctuated but nobody can control it counting on the demand for investment repeatedly the market whales have come down the worth.

I don't think there is. The bitcoin ecosystem was purely base and affected by the users. Its price was dependent on the behaviour of the users.

For example when the market seems bad and the panic arises,  people will probaly get their investment and put it on something else. These behaviour will drastically decrease the price of bitcoin because they are converting it to something else and vice versa.

Bitcoin price relies to the hype of it like what happen in 2017 where every people was interested and buying bitcoins.

On my view, I don't think bitcoin has a certain formula. It usually depends on the demand and blockchain consuming. I usually base my predictions on the law of supply and demand wherein whenever the demand rises, the supply decreases and the price goes high which makes it a good opportunity to start selling. I think instead of focusing on the formula, we need to focus more on monitoring the value of bitcoin to know when are the best time to sell and buy.

I don't think Bitcoin has any clue Bitcoin is a digital currency and it is not controlled by anything depending on the state of the market and how it will be used by the user The price is lower but with the investment it can be profitable as demand increases.