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Author Topic: Bitcoin price? Who is making it?  (Read 7356 times)
Jmild1
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March 28, 2016, 09:58:37 PM
 #21

It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
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mayax (OP)
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March 31, 2016, 01:30:19 PM
 #22

It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up

that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !

it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.

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March 31, 2016, 01:51:15 PM
 #23

It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up

that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !

it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.



buyers and seller for small exchange usually regulate themselves on the base of other big exchange, so for example if they see a bigger value in the other exchange, they increase their buy orders and so on
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March 31, 2016, 02:08:58 PM
 #24

It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up


And also whales and chinese miners are manipulating the price of bitcoin in the market,if you see a boom in the price well they made it.
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March 31, 2016, 02:09:23 PM
 #25

It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up

that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !

it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.



This doesn't mean that the big exchanges should have the same demand, no.

If exchange A has 100 buy orders and no sells, and exchange B has 1000 sell orders and no buys, then the rational thing for me to do is buy at exchange B and sell at exchange A. I could even make a decent profit off this, though in practice it wouldn't last - the buyers at exchange A would get wise to my activities and would lower their bids, and the sellers at exchange B would raise their asks.

Exchanges don't operate in isolation, even in an "unregulated" market - they regulate each other, through the actions of arbitrageurs and other traders. Indeed, one of the arguments against regulation is that it tends to hinder these self-regulatory processes.

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March 31, 2016, 02:41:43 PM
 #26

which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.
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March 31, 2016, 03:14:05 PM
 #27

which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.


The user affect to the price of bitcoin is quite small but the majority of price movement which a sudden jump from 10-100$ add in value of bitcoin i caused by whales.
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March 31, 2016, 04:07:07 PM
 #28

which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.


The user affect to the price of bitcoin is quite small but the majority of price movement which a sudden jump from 10-100$ add in value of bitcoin i caused by whales.


Yes,whales are really the main source why the price of bitcoin can suddenly jump to a high price or go down rapidly.
mayax (OP)
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March 31, 2016, 05:09:38 PM
 #29

the exchanger's robots are the ones who are manipulating the price. just like MTgox did it. Smiley

same "Willy bot"  Grin
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March 31, 2016, 05:56:44 PM
 #30

As far as i know its depends in trading and exchange site and its depends in demand and supply that makes the price low or high..
If more supply from the market and less demand the price should be low...
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March 31, 2016, 06:15:19 PM
 #31

People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.


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March 31, 2016, 06:53:53 PM
 #32

people themselves are making it right now because it depends on the selling and buying offers only and nothing else

to be honest thats why i like bitcoin that much, i believe that its really good that people can control the price and not banks or governments
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March 31, 2016, 06:58:55 PM
 #33

People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.


thats true, its a bit sad for me to see that the price right now is controlled by the ones who have a lot of money and can have impact

pretty same system is right now with banks as ordinary people can not have any impact on currency prices

 
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Zaun
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March 31, 2016, 07:59:21 PM
 #34

We are making it by ourselves, we are buying and selling and we all together are making the price.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.
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March 31, 2016, 08:07:58 PM
 #35

In a word... ARBITRAGE.

Quote from: Investopedia
What is 'Arbitrage'?

Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.

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March 31, 2016, 08:21:52 PM
 #36

We are making it by ourselves, we are buying and selling and we all together are making the price.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.

Less than 1% of the traders control the entire Bitcoin price. The average traders can only impact the price by massively panic buying/selling. If it isn't with big numbers, there will be no impact on the price from regular people.
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March 31, 2016, 10:40:48 PM
 #37

In a word... ARBITRAGE.

Quote from: Investopedia
What is 'Arbitrage'?

Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.


Honestly I dont see anyone doing this arbitrage.

Unless they have a friend overseas or something with the china exchanges and for one can collaberate to sell back to u.s markets.

Selling one market to the next is harder then it sounds.

luciann
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March 31, 2016, 10:43:56 PM
 #38

People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.



this view is a bit skewed. but intially the right view just not as accurate as you made it sound to be.

If people who have the most bitcoin sold all their coins then yeah. But when other buyers who have the same ability to buy w. a same purchasing power who isnt involved in bitcoin makes a buy order it matches their supply.

So intially if they do sell it wouldnt effect the price since the other same big buy order matches up to it.

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March 31, 2016, 10:54:43 PM
 #39

for the price of BTC to stop being so "volatile" it needs at least some more Billions USD in market cap, at 6 billion it is still a small market.

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April 01, 2016, 05:18:38 AM
 #40

even now china manipulate bitcoin price but i think they not full control bitcoin market at least trader from china can't settle price.

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