What determines the cost of bitcoins?

[JimboToronto]

Supply and demand, but there is heavy price manipulation by big players in the field

Sorry, I'm skeptical. Do you have any evidence to support this claim?

There's no evidence, however if they have the opportunity, why wouldn't they?

[logicgate]

Bitcoin price is driven by the huge support given by the bitcoin community. Interesting thing is that bitcoin community is growing larger and larger day by day.So more the support,more increase in demand for bitcoins.Hence,the price would grow more in proportion to more demand.

Yes you are right that high number of community support bitcoin and due to which its price is more high and I am sure it's community will be more increased in future as in present and a day will come that bitcoin price will be more increase because the price of bitcoin is depend upon the demand if the demand of bitcoin increase it's price will be shift to automatically high .

[beerlover]

The price of bitcoins is determined by supply and demand. When demand for bitcoins increases, so does price, and when demand falls, prices fall. In circulation there is a limited number of bitcoins, and new bitkoy are created with a predictable and constantly decreasing rate, which means that demand must follow this inflation rate so that the price is stable. Since Bitcoin is still a relatively small market, compared to what it can become, it does not take large sums of money to move the price in the market up or down, and therefore the price of bitcoins is still very volatile.

Without currency, it's difficult to compare companies which sell various goods. Based on the form of money, there are a number of distinct techniques, value is assigned and handled.

It's a way to put bitcoins into some scale to determine how much buying capacity it is having at one point of time .

[HasHe]

Increase and decrease in demand for bitcoins determine the price of bitcoin.The trust kept by investors in bitcoin determines the increase and decrease of demand for bitcoins.Bitcoin price is driven by the bitcoin community support.There is no authority to control the bitcoin price.Also,since bitcoin has users all over the world nowadays,big whales are unable to manipulate bitcoin price.

[Footmanred]

Increase and decrease in demand for bitcoins determine the price of bitcoin.The trust kept by investors in bitcoin determines the increase and decrease of demand for bitcoins.Bitcoin price is driven by the bitcoin community support.There is no authority to control the bitcoin price.Also,since bitcoin has users all over the world nowadays,big whales are unable to manipulate bitcoin price.

The fact is that the price still depends on how much Bitcoin will be in demand and popular. It is not used as a means of payment, but it is a very good way to earn. Therefore, the more people will be interested in Bitcoin, the more its price will be.

[mobnepal]

Since Bitcoin is still a relatively small market, compared to what it can become, it does not take large sums of money to move the price in the market up or down, and therefore the price of bitcoins is still very volatile.

This is true but bitcoin marketcap can easily grow 10 times within few years because bitcoin is still not being used by large corporations. When even a small local merchant in third world countries will start to accept bitcoins than price of bitcoin can rise exponentially.

[giveen]

Actually i have noticed a thing for the price change in bitcoin. For now the supply doesn't matter much and only demand matters. If the price increases that means more investors are buying bitcoin which slowly increases the price as more people start demanding people will sell at higher prices. For supply currently it has no connection with the price.

[TERA]

The Bitcoin CEO and board of trustees have a meeting every Sunday morning in Nevada at 2:30AM to fix a range of prices. Currently they use a formula derived from the amount of articles on CoinDesk featuring the word "blockchain". Each exchange can then mark this price up to 15% higher of which 50% of the profit is kept by the exchange and the other 50% is paid as royalties to Satoshi.

[gilangIDR]

Actually i have noticed a thing for the price change in bitcoin. For now the supply doesn't matter much and only demand matters. If the price increases that means more investors are buying bitcoin which slowly increases the price as more people start demanding people will sell at higher prices. For supply currently it has no connection with the price.

I agree with you . The more interesting bitcoin makes the bitcoin price increased a lot, now has begun many investors and entrepreneurs who apply bitcoin on the system company. E-commerce companies in the world are now starting to include bitcoin to list their payment media. This is interesting for more people to use bitcoin and this makes the price of bitcoin increased.

[itsallpc]

The bitcoin community's support mainly determines bitcoin price.In other words,we could say that increase and decrease in bitcoin price would make bitcoin price to rise and fall.Since its a decentralized currency,no central authority is available to control it.

[linkme]

The price of bitcoins is determined by supply and demand. When demand for bitcoins increases, so does price, and when demand falls, prices fall. In circulation there is a limited number of bitcoins, and new bitkoy are created with a predictable and constantly decreasing rate, which means that demand must follow this inflation rate so that the price is stable. Since Bitcoin is still a relatively small market, compared to what it can become, it does not take large sums of money to move the price in the market up or down, and therefore the price of bitcoins is still very volatile.

Basically, Supply and demand determines the cost of Bitcoin, there are some other things that affect to Bitcoin price but that's not so important.

[MRlong]

Actually i have noticed a thing for the price change in bitcoin. For now the supply doesn't matter much and only demand matters. If the price increases that means more investors are buying bitcoin which slowly increases the price as more people start demanding people will sell at higher prices. For supply currently it has no connection with the price.

I agree with you . The more interesting bitcoin makes the bitcoin price increased a lot, now has begun many investors and entrepreneurs who apply bitcoin on the system company. E-commerce companies in the world are now starting to include bitcoin to list their payment media. This is interesting for more people to use bitcoin and this makes the price of bitcoin increased.

Yes, when Bitcoin HardFolk successfully and can fixed all issue about time confirm transaction, fee and block size, Bitcoin will become the perfect and most used in cryptocurrency for bussiness. Not have other altcoin can compete with Bitcoin

[YuginKadoya]

Actually i have noticed a thing for the price change in bitcoin. For now the supply doesn't matter much and only demand matters. If the price increases that means more investors are buying bitcoin which slowly increases the price as more people start demanding people will sell at higher prices. For supply currently it has no connection with the price.

I agree with you . The more interesting bitcoin makes the bitcoin price increased a lot, now has begun many investors and entrepreneurs who apply bitcoin on the system company. E-commerce companies in the world are now starting to include bitcoin to list their payment media. This is interesting for more people to use bitcoin and this makes the price of bitcoin increased.

Yes, when Bitcoin HardFolk successfully and can fixed all issue about time confirm transaction, fee and block size, Bitcoin will become the perfect and most used in cryptocurrency for bussiness. Not have other altcoin can compete with Bitcoin

Well if that is what's gonna happen in the impending August 1 then it will be a good news, but there are pretty much on the worried side than on the much calmer side on the impending Hardfork, and why is that? I think it is because there is this risk that core developers are talking about and we are not really sure on what will really happen to our hold coins on whether it is gonna split, or diminish in value, I think that is why there are many that are not know what to do.

[wahb]

The price of bitcoins is determined by supply and demand. When demand for bitcoins increases, so does price, and when demand falls, prices fall. In circulation there is a limited number of bitcoins, and new bitkoy are created with a predictable and constantly decreasing rate, which means that demand must follow this inflation rate so that the price is stable. Since Bitcoin is still a relatively small market, compared to what it can become, it does not take large sums of money to move the price in the market up or down, and therefore the price of bitcoins is still very volatile.

Basically, Supply and demand determines the cost of Bitcoin, there are some other things that affect to Bitcoin price but that's not so important.

yes that is right, the interest of the people to buy more bitcoin or even to hold the bitcoin they already have. the increase in demand and decrease in supply is the main reason which determine the price of  bitcoin.