Bitcoin price? Who is making it?

[ultimatesky]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

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[mayax]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

[safari88]

likely that makes the price is whales of bitcoin. because most only those who can make and move prices.

[Doomer]

You should have more confidence in the technology, the applications and the adoption in the society.
Bitcoin is not just speculation and trading.

Bitcoin has actual usage. Thousands of shops, physical and eshops, and e-services, accept Bitcoin. OpenBazaar. Steam. (The two latter big ones, just this month.) Debit cards (Visa/Mastercard, filled with Bitcoins, edited by Coinbase, Spectrocoin, e-coin etc.) And much more.

Yes, there are bi challenges for Bitcoin in the near and in the more distant future, and it has to respond. But I think it's here to stay and evolve.

[Xmaseven]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

[mayax]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones .

it's so simple to manipulate the price.

[Wevariant]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones .

it's so simple to manipulate the price.

That could be true, the price at the Chinese exchanges are around $590, but the bitstamp and coinbase are just $520.

[harizen]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones .

it's so simple to manipulate the price.

That could be true, the price at the Chinese exchanges are around $590, but the bitstamp and coinbase are just $520.

Chinese manipulators will do first some every pump scene in their respective exchanges. Then they will try to give another move as well on other exchanges.

If others will eat the bait and it really shake up the price then that's what you called a succesfull manipulation even for a short period of time. Look at the recent pri

[ajareselde]

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones .

it's so simple to manipulate the price.

simple - maybe, but it sure isnt cheap. volume on chinese exchanges is something that definitely should not be taken seriously, but the price is something else.
the pump in price may be artificial, but it cant stay high for long if there's nothing backing up the trust people have by not selling. If you can sell at that price, it aint fake.

[Oscoda]

We are all making the price, its a combination from sellers and buyers that makes the market price, its like any market price. The bitcoin is unstable if there will be a big amount sold to another one the price will sure get higher.

[RoseMann]

We are all making the price, its a combination from sellers and buyers that makes the market price, its like any market price. The bitcoin is unstable if there will be a big amount sold to another one the price will sure get higher.

That is right. Although I do not sell the bitcoin directly, when I use the bitcoin, it is sold by the retailers.

[Mr.grin]

I began to think that bitcoin prices fall or rise depending on the users, if they sell bitcoin cheaply, perhaps its price will go down, and if we sell them at high prices, maybe the price will rise

[harizen]

I began to think that bitcoin prices fall or rise depending on the users, if they sell bitcoin cheaply, perhaps its price will go down, and if we sell them at high prices, maybe the price will rise

Literally that is the common reason.

To make the price move for an increase, it needs a large amount of buy volume.

Same goes for the price decrease, it needs a large amount of sell volume.

[Viyamore]

I began to think that bitcoin prices fall or rise depending on the users, if they sell bitcoin cheaply, perhaps its price will go down, and if we sell them at high prices, maybe the price will rise

Literally that is the common reason.

To make the price move for an increase, it needs a large amount of buy volume.

Same goes for the price decrease, it needs a large amount of sell volume.

Yeah thats right chief ,and the fact that everyday there are more investors gaining and buying bitcoins ,we can expect more of this will come after the end of halving.

[vero]

I began to think that bitcoin prices fall or rise depending on the users, if they sell bitcoin cheaply, perhaps its price will go down, and if we sell them at high prices, maybe the price will rise

Literally that is the common reason.

To make the price move for an increase, it needs a large amount of buy volume.

Same goes for the price decrease, it needs a large amount of sell volume.

so what for you all tell to us because a trader already know if large amount of buy volume the price would rise and if large amount of sell volume the price would goes down.

[rekinthis]

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 ?

actually there is many reasons why price changes and we can't tell them all because sometimes they are very random, but some small ones are like when steam accepts bitcoins, this makes price larger

and supply and demand of course, if more people wants them, and buys them then price will rise of course and if nobody will buy them then price will fall down, price dump

[d5000]

This is a very interesting topic, unfortunately there are much low-quality posts.

The reason for existing a "unanimous" price across exchanges is in fact the result of arbitrage, but not only.

But why does the price move? Why does there even exist a price for a digital "good" like Bitcoin? That's the interesting question.

There are many influences:
- The prices in the past. People get a "feeling" where the price "should be" when they see the current or past price movements. That's the same thing like when you say, "a coffee must cost 2 dollars". (more precisely, "a dollar is half of a coffee")
- Future expectations. Many people hope that Bitcoin will be worth more, so they think the price could go up and buy when they see a "good opportunity". That drives the price up. Similarly, "bears" can drive the price down. The balance between these two forces is determined by the "sentiment" - it can be positive or negative.
- Large market participants. That's what some are referring as "the cartel". I don't think there is ONE cartel, but there are definiely large players that try to influence the price with their own buys and sells.
- Real world usage. The more participants the Bitcoin community has, the higher the price.
- Speculation and technical analysis. Speculators try to find patterns and react to it, driving the price up or down.
- Newly generated supply from miners. The significance is low (mined coins make up about 1 to 3 % of all sold coins), but it exists.

These are only a few factors, but I think they're the most important.The problem is that it's difficult to predict how they work together. So there is no "safe" way of guessing the "right price" or a "price trend", but you can make estimations mainly based on the "sentiment".

[mayax]

This is a very interesting topic, unfortunately there are much low-quality posts.

The reason for existing a "unanimous" price across exchanges is in fact the result of arbitrage, but not only.

But why does the price move? Why does there even exist a price for a digital "good" like Bitcoin? That's the interesting question.

There are many influences:
- The prices in the past. People get a "feeling" where the price "should be" when they see the current or past price movements. That's the same thing like when you say, "a coffee must cost 2 dollars". (more precisely, "a dollar is half of a coffee")
- Future expectations. Many people hope that Bitcoin will be worth more, so they think the price could go up and buy when they see a "good opportunity". That drives the price up. Similarly, "bears" can drive the price down. The balance between these two forces is determined by the "sentiment" - it can be positive or negative.
- Large market participants. That's what some are referring as "the cartel". I don't think there is ONE cartel, but there are definiely large players that try to influence the price with their own buys and sells.
- Real world usage. The more participants the Bitcoin community has, the higher the price.
- Speculation and technical analysis. Speculators try to find patterns and react to it, driving the price up or down.
- Newly generated supply from miners. The significance is low (mined coins make up about 1 to 3 % of all sold coins), but it exists.

These are only a few factors, but I think they're the most important.The problem is that it's difficult to predict how they work together. So there is no "safe" way of guessing the "right price" or a "price trend", but you can make estimations mainly based on the "sentiment".

remenber MT Gox's  Willy bot   fake transactions, fake volume. MTgox had over 75% from market at that time; China has over 90% at this time

[RoseMann]

This is a very interesting topic, unfortunately there are much low-quality posts.

The reason for existing a "unanimous" price across exchanges is in fact the result of arbitrage, but not only.

But why does the price move? Why does there even exist a price for a digital "good" like Bitcoin? That's the interesting question.

There are many influences:
- The prices in the past. People get a "feeling" where the price "should be" when they see the current or past price movements. That's the same thing like when you say, "a coffee must cost 2 dollars". (more precisely, "a dollar is half of a coffee")
- Future expectations. Many people hope that Bitcoin will be worth more, so they think the price could go up and buy when they see a "good opportunity". That drives the price up. Similarly, "bears" can drive the price down. The balance between these two forces is determined by the "sentiment" - it can be positive or negative.
- Large market participants. That's what some are referring as "the cartel". I don't think there is ONE cartel, but there are definiely large players that try to influence the price with their own buys and sells.
- Real world usage. The more participants the Bitcoin community has, the higher the price.
- Speculation and technical analysis. Speculators try to find patterns and react to it, driving the price up or down.
- Newly generated supply from miners. The significance is low (mined coins make up about 1 to 3 % of all sold coins), but it exists.

These are only a few factors, but I think they're the most important.The problem is that it's difficult to predict how they work together. So there is no "safe" way of guessing the "right price" or a "price trend", but you can make estimations mainly based on the "sentiment".

remenber MT Gox's  Willy bot   fake transactions, fake volume. MTgox had over 75% from market at that time; China has over 90% at this time

But we all know the Chinese market volume is fake. So the bitcoin price will not be affected by it any more.

[phreaky]

Honestly we are self making the price also, the fact is that its based on buying and selling like any other investing if you ask me.