Bitcoin Forum
May 17, 2024, 02:55:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Price of BTC?  (Read 2502 times)
arbitrage (OP)
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
January 22, 2016, 03:42:56 PM
 #1

How can we determine real price of bitcoin?
When will price be stable?
Hashrate and price of electricity?
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
January 22, 2016, 03:46:15 PM
 #2

real price imho, is based on the contorlled supply, that is the minimum that is needed to sustain the network, and that is the real value of bitcoin

if for every halving the value will not grow, you can only expect a reverse trend on the diff, which translate to an unsecure network, and eventually the real death of bitcoin
arbitrage (OP)
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
January 22, 2016, 04:07:46 PM
 #3

So you expecting every halving rise of min 100%?
Where we can find equilibrium?
If price always rise, in theory hashrate will be enormous,
So there will be no mining out of China?
mtnsaa
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
January 22, 2016, 04:22:03 PM
 #4

The price of BTC will always be dictated by the market because it's a commodity that it's traded. If there's no much supply and high demand the value will rise and viceversa, it's that simple. If Bitcoin becomes a novelty in the next years due to becoming obsolete (perhaps because of a flaw or a new technology) then the value will be crawling on the floor. On the other hand if Bitcoin is adopted by the mainstream you can imagine what could happen, the sky would be the limit.
MedaR
Legendary
*
Offline Offline

Activity: 2380
Merit: 1026



View Profile
January 22, 2016, 04:30:22 PM
 #5

Also you can expect again lowest lows and highest highs!
Dumps on bad news and pumps.. This is never ending manipulation-pure greed!
Stable price will never be achieved. Grin

You can rent this space
Kprawn
Legendary
*
Offline Offline

Activity: 1904
Merit: 1073


View Profile
January 22, 2016, 04:30:52 PM
 #6

Well, I use preev.com for a average price from a few exchanges. I use that as a guide to see what the current price is. In regards to the volatility of the bitcoin price... hmmm it

is difficult to estimate, but the more people buying and owning bitcoins will distribute it more and then gives it more stability. Nothing stops a few whales from manipulating the

price a little, when it's not distributed between a lot of people. Most of the other answers you will find here ---> https://blockchain.info/charts

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
RodeoX
Legendary
*
Offline Offline

Activity: 3066
Merit: 1147


The revolution will be monetized!


View Profile
January 22, 2016, 04:31:10 PM
 #7

IMO, only the open market can determine the "true" price.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
MedaR
Legendary
*
Offline Offline

Activity: 2380
Merit: 1026



View Profile
January 22, 2016, 04:40:27 PM
 #8

This is the price of decentralization! You don't have someone like government to inject value to create a bubble to achieve stability. Price is forming by demand, and demand is bigger and bigger and will rise at this point.
 Grin

You can rent this space
mayax
Legendary
*
Offline Offline

Activity: 1456
Merit: 1004


View Profile
January 22, 2016, 04:47:39 PM
 #9

This is the price of decentralization! You don't have someone like government to inject value to create a bubble to achieve stability. Price is forming by demand, and demand is bigger and bigger and will rise at this point.
 Grin


The price is made by the exchangers(their investors). So, it is manipulated. Fake transactions, fake volumes.

How can you say that the BTC price is based by demand when the exchangers are separate firms but all of them have ALMOST the same price?!!?!? It's an exchangers` cartel.

The BTC price is fake Smiley

QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
January 22, 2016, 04:49:33 PM
 #10

How can we determine real price of bitcoin?
When will price be stable?
Hashrate and price of electricity?

The real price of anything is what you pay for it. It's one price on the exchanges and another price on localbitcoins but both prices are real.

When will the price of oil be stable? The price of corn? The exchange rate of yen to the dollar? Stability is based on too many factors for anyone on earth to give you a true answer. If they tell you they know they are either lying to you or to themselves.

Hashrate and electricity have little to do with the exchange rate of Bitcoin. They are factors in determining the value of being a Bitcoin miner. Price effects miners too but miners don't set the price.

cyberghosterman
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
January 22, 2016, 04:50:56 PM
 #11

How can we determine real price of bitcoin?
When will price be stable?
Hashrate and price of electricity?

price always change very fast, dont expect it to get to a stable rate

Omikifuse
Legendary
*
Offline Offline

Activity: 1750
Merit: 1009



View Profile
January 22, 2016, 04:56:56 PM
 #12

The value of Bitcoin and for anything is the price that people are willing to pay. This is even more true to Bitcoin, because the difficult will change when price changes, that is, when people invest more or less in mining
MedaR
Legendary
*
Offline Offline

Activity: 2380
Merit: 1026



View Profile
January 22, 2016, 04:59:26 PM
 #13

This is the price of decentralization! You don't have someone like government to inject value to create a bubble to achieve stability. Price is forming by demand, and demand is bigger and bigger and will rise at this point.
 Grin


The price is made by the exchangers(their investors). So, it is manipulated. Fake transactions, fake volumes.

How can you say that the BTC price is based by demand when the exchangers are separate firms but all of them have ALMOST the same price?!!?!? It's an exchangers` cartel.

The BTC price is fake Smiley


Did you heear for bots and arbitrage trading strategy?
Whole system is connected through bots, and when Okcoin starts to fall btc-e start to fall at the same time .

You can rent this space
mayax
Legendary
*
Offline Offline

Activity: 1456
Merit: 1004


View Profile
January 22, 2016, 05:29:18 PM
 #14

This is the price of decentralization! You don't have someone like government to inject value to create a bubble to achieve stability. Price is forming by demand, and demand is bigger and bigger and will rise at this point.
 Grin


The price is made by the exchangers(their investors). So, it is manipulated. Fake transactions, fake volumes.

How can you say that the BTC price is based by demand when the exchangers are separate firms but all of them have ALMOST the same price?!!?!? It's an exchangers` cartel.

The BTC price is fake Smiley


Did you heear for bots and arbitrage trading strategy?
Whole system is connected through bots, and when Okcoin starts to fall btc-e start to fall at the same time .

did you hear about fake volumes? what arbitrage ? Is this a regulated market to make aribtrage? Smiley

The exchangers are a joke. A bunch of so called cyber boys(most of them came from ex e-currencies like Liberty Reserve ...See BTC-e. The owners ran an exchanger for LR and many HYIPs too; same for Bitfinex and others.  Grin Smiley

So, chill out with "arbitrage" and other brokerage terms when it's about Bitcoin Smiley)

http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

http://www.coindesk.com/reality-chinese-trading-volumes/

http://www.coindesk.com/the-cftcs-not-so-hidden-message-traders-beware/



n2004al
Legendary
*
Offline Offline

Activity: 1134
Merit: 1000


View Profile
January 22, 2016, 06:36:36 PM
 #15

How can we determine real price of bitcoin?
When will price be stable?
Hashrate and price of electricity?

The only real price of bitcoin is the price of the market. There can be to many values (prices) which are calculated beginning from several point of view. For example can be calculated the value (and from that the price) based at the cost of it production (the sum of all money spent to produce one unit of it). But no one is so real and true that the market price. This because the true value of everything is the value what someone is ready to pay to have it. According to the buyer the value which he is able to pay worth the value he will have from the bought product. Whatever can be such value. That mean that all the other values must fit this last because if the product cannot be bought at market is worthless. Whatever other kind of value may be calculated for it. If all the people will think that such product isn't worth for them this product will not exist more. So will have a zero REAL value. Even may have a big (for example) value based on the cost of its production.

The price will be never stable. Every value of every currency is determined by the supply and the demand for it. And both these factors are never fixed amount. Any currency is stable. Only those in centralized countries when the value of their currency is determined as fixed by the Government (Central Bank of that country) and is not based at the value based on the free market.
gkv9
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


!!! RiSe aBovE ThE StoRm !!!


View Profile
January 22, 2016, 06:47:35 PM
 #16

The price determination of BTC ain't possible at an exact level, but you can absolutely speculate on that subject...
Regarding the points you gave, yes I agree that mining is a "part" of price of BTC, but ain't a complete reason based on which price of BTC should be decided...
It's not just about the miners, we are all here as its part and so, everyone decides where the price should be, but it is impossible to predict because many will buy and many will sell, and the stable price you see will be a "break-even" point of their thinking...

mayax
Legendary
*
Offline Offline

Activity: 1456
Merit: 1004


View Profile
January 22, 2016, 06:50:19 PM
 #17

The price determination of BTC ain't possible at an exact level, but you can absolutely speculate on that subject...
Regarding the points you gave, yes I agree that mining is a "part" of price of BTC, but ain't a complete reason based on which price of BTC should be decided...
It's not just about the miners, we are all here as its part and so, everyone decides where the price should be, but it is impossible to predict because many will buy and many will sell, and the stable price you see will be a "break-even" point of their thinking...


"many will buy and many will sell"  are you talking about exchangers` robots? Smiley


https://bitcointalk.org/index.php?topic=1205564.0
Anastasios
Member
**
Offline Offline

Activity: 68
Merit: 12


View Profile
January 22, 2016, 07:16:33 PM
 #18

There is one obvious trend, it is that the magnitude of highs and lows is decreasing. (more on this here: https://bitcointalk.org/index.php?topic=994411.0 )

If you look at the price on a "conventional" logarithmic graph you see that there is almost line between late 2010 and now. It looks like a logarithmic function when the y-axis is logarithmic. It looks like a straight line when both the y-axis AND the x-axis is logarithmic. This line is easiest to see when you look at the support levels, meaning, the lowest price it had in each period (e.g. $1 in 2011, $5 in early 2012, $10 in late 2012, $100 in 2013, $200 in 2014, $400 in 2016). This puts the lowest support level at close to $1000 in 2017. As you see the period which it takes for each increase gets longer. So post 2017 it might take several years for another jump. And post that it might take a decade for another jump.

Edit: To answer OPs question, it will become more stable the more time passes. As long as its usage keeps increasing, all other things follow, such as hashrate and its price. I think number of transactions is a good metric (other usage metrics are hard to find, such as merchant/darknet/online casino data) of bitcoin usage.

https://bitcointalk.org/index.php?topic=994411.0 My simple price and metrics analysis
mayax
Legendary
*
Offline Offline

Activity: 1456
Merit: 1004


View Profile
January 22, 2016, 11:20:38 PM
 #19

BTC-e is banned in Russia from today. So the russian customers will not be able to trade for a while. Smiley

Another hit for BTC
arbitrage (OP)
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
January 23, 2016, 09:45:46 AM
 #20

I don't think this is hit for btc! This is just hit for russians who must pay more fees to get 1 btc now.
Drug is illegal in every part of the world and you can find it everywhere..
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!