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ElpadroBitcoin
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April 29, 2016, 02:34:10 PM |
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We are all making it and it depends also on the people how much Bitcoin they use because that is also important for the currency itself, and that people are also making it more acceptable.
But as you can see now you see that the value is rising slowly and that is because more people will also get to know about it.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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MingLee
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April 29, 2016, 02:46:26 PM |
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We are all making it and it depends also on the people how much Bitcoin they use because that is also important for the currency itself, and that people are also making it more acceptable.
But as you can see now you see that the value is rising slowly and that is because more people will also get to know about it.
The value is primarily determined by investors and bots moving the value back and forth, and the occasional groups of people buying Bitcoin in large amounts. The halving, and the implied 50% reduction in supply, will also change the value over a period of time after the halving itself, and not necessarily immediately. The cheaper coins will have to be sold and cycled through so that miners can start selling their coins for their cost-covering price. |
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HostSurf
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April 29, 2016, 03:48:57 PM |
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We are making it, its like any other stocking, the price is based on the sellers and buyers and people that have invested.
Most likely if the bitcoin will get bigger the price will also rise if they also invest.
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Jmild1
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April 29, 2016, 03:51:14 PM |
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We are making it, its like any other stocking, the price is based on the sellers and buyers and people that have invested.
Most likely if the bitcoin will get bigger the price will also rise if they also invest.
The price is really based on demand and supply, but it is also based on miners. If we don't have miners this coin would be dead. |
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MoneyChanger
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Activity: 107
Merit: 10
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April 29, 2016, 04:26:18 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
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Facilitator
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May 03, 2016, 07:04:02 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
The big walls and also the tight spread is good for buying or selling. You do not lose a lot of money during the trading. |
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Jmild1
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May 03, 2016, 07:42:40 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family. |
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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May 03, 2016, 07:58:09 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family. it can be manipulated by a cartel of exchangers and IT IS. The so called "whales" are few. The price is made by 4-5 exchangers  |
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pissedoff
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May 03, 2016, 08:01:20 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family. it can be manipulated by a cartel of exchangers and IT IS. The so called "whales" are few. The price is made by 4-5 exchangers There are many whales. 4-5 exchanges cannot control the majority of the bitcoin trading volume. |
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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May 03, 2016, 08:09:34 PM |
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Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.
Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family. it can be manipulated by a cartel of exchangers and IT IS. The so called "whales" are few. The price is made by 4-5 exchangers There are many whales. 4-5 exchanges cannot control the majority of the bitcoin trading volume. Yes, they can. Example: OKCOIN controls 90% from all the exchanges(volume) and along with Bistamp, Coinbase, Bitfinex and BTC China, control 99%. It's so easy to manipulate the price with the bots |
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Altynbekova
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May 03, 2016, 08:10:47 PM |
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We ourselves are making it so that is a good question but its also simple to answer it, we are making the bitcoin it its now.
The price is coming from selling and buying the bitcoin itself.
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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May 03, 2016, 08:13:52 PM |
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We ourselves are making it so that is a good question but its also simple to answer it, we are making the bitcoin it its now.
The price is coming from selling and buying the bitcoin itself.
Yes, this is the way in a normal market. All the exchangers are using trading bots who are making a lot of fake transactions so that it appear to have a lot of customers. What you don't see, it's the IN and OUT transactions. None of these exchangers are showing them. Why? Remember how MTGox manipulated the whole market with their Willy bot and it only owned 75% at that time.... Okcoin has 90% |
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jackg
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https://bit.ly/387FXHi lightning theory
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May 03, 2016, 08:18:10 PM |
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Live Bitcoin prices are based on either the minimum or maximum value of the bBitcoin price.
I think that some sites simply try to compete with others to get the best Bitcoin price whilst still making a profit.
Sites like YObit sell bitcoins at a cheaper rate as they are just an exchange to allow for an escrow between the buyers and sellers.
Sites like Coinbase have higher prices as they are more trusted and won't (or at least shouldn't) run away withyour Bitcoins as they are more trustworthy.
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mayax (OP)
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Activity: 1456
Merit: 1004
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May 03, 2016, 08:54:53 PM |
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Live Bitcoin prices are based on either the minimum or maximum value of the bBitcoin price.
I think that some sites simply try to compete with others to get the best Bitcoin price whilst still making a profit.
Sites like YObit sell bitcoins at a cheaper rate as they are just an exchange to allow for an escrow between the buyers and sellers.
Sites like Coinbase have higher prices as they are more trusted and won't (or at least shouldn't) run away withyour Bitcoins as they are more trustworthy.
It's almost the same. it's not half from Coinbase and others. |
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Lokfar
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May 04, 2016, 09:28:00 AM |
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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.
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romero121
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Activity: 3164
Merit: 1213
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May 04, 2016, 05:25:12 PM |
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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.
I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability. |
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mayax (OP)
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Activity: 1456
Merit: 1004
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May 16, 2016, 10:09:22 AM |
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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.
I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability. the price is made by the exchanger's cartel with the help of their BOTS |
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1Referee
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Activity: 2170
Merit: 1427
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May 16, 2016, 10:31:07 AM |
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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.
I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability. the price is made by the exchanger's cartel with the help of their BOTS I do believe that the major Chinese exchanges are heavily involved in the mining industry and thus will not allow the market to crash to certain very low levels. BTCChina is well known for also having a mining pool, but Huobi and OKCoin are also having big interests in Chinese pools, but more behind the scenes. |
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amacar2
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CryptoTalk.Org - Get Paid for every Post!
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May 16, 2016, 04:32:52 PM |
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How is it made the Bitcoin price?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
Arbitage trading always occur due to this factor and it is simple concept like nobody will be willing to sell their coin in less that the market value. So i think those price are not made my exchanger, it is determined by all traders while as some whales can manipulate the price easily with their money. |
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crossabdd
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Activity: 1316
Merit: 1145
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May 16, 2016, 04:55:50 PM |
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no control bitcoin, so that I think all users bitcoin makes prices move, and this is just my opinion |
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