how would you define the price of bitcoin ?

[nursahath07]

according to public's point of view or  perception there is big value of bitcoin currency in different sector. because of its popularity people has positive reaction for any creation or innovation instead of any banking system. in online currency transaction has no negative reaction without few hackers. online skilled or proficient and creative staffs depends on virtual currency like bitcoins. a statistical observation online payment system are more effective by the help of elctrocurrency or virtual currency than other banking system. so without doubt we can understand  the actual  price of bitcoin at  present situation and we do not  need any specific definition.

[AT101ET]

The price is speculative. Research what Keynes said on speculation. As much of a BTC fan I am myself, the current price level is that of one that has been determined by speculation and enterprise together. Definitely an interesting mix of the two but that's probably why there's been such high growth over such a short amount of time.

[pereira4]

The price is speculative. Research what Keynes said on speculation. As much of a BTC fan I am myself, the current price level is that of one that has been determined by speculation and enterprise together. Definitely an interesting mix of the two but that's probably why there's been such high growth over such a short amount of time.

How else can price be established? Price discovery, when unregulated, it's going to be erratic. So you either want regulation to have a (fake) stable price, or a real, but volatile price.

The good news is, once BTC has an huge monetary mass worth trillions like gold, it will be more stable, and early investors will reap the benefits, as it should be in any non communist state.

[player514]

according to public's point of view or  perception there is big value of bitcoin currency in different sector. because of its popularity people has positive reaction for any creation or innovation instead of any banking system. in online currency transaction has no negative reaction without few hackers. online skilled or proficient and creative staffs depends on virtual currency like bitcoins. a statistical observation online payment system are more effective by the help of elctrocurrency or virtual currency than other banking system. so without doubt we can understand  the actual  price of bitcoin at  present situation and we do not  need any specific definition.

Defining bitcoin price involves a lot of speculation and I'd even venture to say it has to deal with a lot of unique opinions that we don't know will be right or not. If I had to describe bitcoin in a word, it would be volatile (just going off the price). I think the biggest say in the price comes from whether or not people believe bitcoin has a future and if whales are in support of it. If people do believe it has a future, more people put money into it. If whales like the opportunity that they're getting at a price, they put more money in.

[sukamasoto]

Where there is a supply there will be a demand and when they meet each other , they become something valuable that have a price since it's economy nature. Bitcoin value purely depend on supply and demand so government can't involve on it except they made some regulation.

For now bitcoin price is so high because the demand is getting greater from time to time and it's a chance for us as bitcoin holder to gain a profit as much as possible !

[Youghoor]

The price is only affected by the supply/demand of it, and all the altcoins have their price according to bitcoin price. If bitcoin goes up, then the price of altcoins (valued in bitcoin) will go down too, this might be one of the first problems when we talk about the price of bitcoin, it moves a lot of things when the price decides to go up or down. But yes, it is one of the most volatile things that i have ever seen, and just go to coinmarketcap and see all the coins, you will see that there is always some coins that made more than 1500% in a day, i just realized this today.
How 1500% is possible in just 24 HOURS? cryptos are huge right now.

[uszaty43]

Bitcoin is kinda like a brand new system, and this is the reason of why everybody is buying tons of it like crazy, i know a guy who is from Europe and he is crazy because he is buying a lot of bitcoins during the week, everybody thinks that this is the new era of money, and i had some conversations in the past and a lot of people told me that they knew and they are sure that bitcoin will be like the brand new visa / mastercard of the future.
Maybe he is right, who knows ,everything can happen with crypto, but it is just matter of time.

[DaMut]

the best word in my opinion to define the price of Bitcoin is discovery.
if you looked at our history,no matter what is it as long as it's the first item something huge will happen.
that is why i said the only word that can define it was discovery,
the price for that thing can not be meassured by common sense,everything can be happen with it.
for now nobody know about its real value and nobody know how far it will go.
because we're only know how to speculate,
only time can tell us how much it will be and how far it will go in the future.
we're just the speculator that watch the shows from the sideline

[Gameroid]

The price is only affected by the supply/demand of it, and all the altcoins have their price according to bitcoin price. If bitcoin goes up, then the price of altcoins (valued in bitcoin) will go down too, this might be one of the first problems when we talk about the price of bitcoin, it moves a lot of things when the price decides to go up or down. But yes, it is one of the most volatile things that i have ever seen, and just go to coinmarketcap and see all the coins, you will see that there is always some coins that made more than 1500% in a day, i just realized this today.
How 1500% is possible in just 24 HOURS? cryptos are huge right now.

Yes supply and demand is effecting the price of bitcoin, and that is the reason that we cannot define the price of bitcoin so easily. as it volatile and the price of bitcoin can increase or decrease in friction of time.

[wildflower18]

Bitcoin price is volatile its fluctuates daily. Nobody cannot tell its exact price would it be in the future because users come and go through buying and selling. Actually bitcoin has many features to offer in the users so as users still existing bitcoin will be in demand. Thus, we define the price of bitcoin is volatile we cannot tell how far or until what value it will be in the future. Were here and most can give the best speculation anytime.

[Toden1379]

Bitcoin price has been very unpredictable.  It varies daily so we are unable to determine it and how far will it go