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Author Topic: What/who make the price of bitcoin  (Read 5219 times)
newfidegm
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February 22, 2017, 12:48:55 AM
 #1

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
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February 22, 2017, 12:56:21 AM
 #2

the only thing that makes it is the price that someone is willing to buy from someone who is willing to sell. that's it.

those deals are made on exchanges as they facilitate the quickest moves and in theory guarantee the transactions.
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February 22, 2017, 01:03:31 AM
 #3

Law of suppply and demand. People who need BTC or people who thinks that BTC is more valuable that the current price, buy. People that has BTC and need fiat or thinks that BTC is not that valuable, sell.  Wink
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February 22, 2017, 01:06:28 AM
 #4

First person who bought bitcoins from Satoshi himself is the founding father of bitcoin price, or the first people who accepted bitcoins as something of value. and the rest you should've learned in school dude, economy classes much?

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February 22, 2017, 01:19:53 AM
 #5

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
its the community using it the more users using it the higher the price will increase if the demand of users increase price will definitely go up, wayback in 2010 when bitcoin is not so popular the price is around 0.08 usd compared today its 1000 usd its because many users around the world accepting virtual currency as a means of sending and receiving money fast and secure just like in our country.


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February 22, 2017, 01:41:16 AM
 #6

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

it's simple and pretty much the same as any product, supply and demand. If the product is unwanted the price will probably go down, if the product is highly chased after the price will jump.
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February 22, 2017, 02:02:50 AM
 #7

i think its depend on the buyer and the seller in the market, how much the price they want to buy and sell bitcoin, after that the price is listed on the market. usually they make an order book in some range to buy or sell bitcoin so this list of order book will queue in the market and if there is an instant order then the list in the first place will be sold.

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February 22, 2017, 03:00:00 AM
 #8

because bitcoin offers interesting features and someone saw bitcoin was worth and deserve to be given a value, the more people who are interested then will increasing demand bitcoin it makes the price even strengthened. it's my opinion

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February 22, 2017, 05:12:23 AM
 #9

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
At the early journey of bitcoin there is no interest in using it. but some people was realizing about the potentially of the bitcoin and try to use it. and the bitcoin already spread around the world. basically, the usefulness of bitcoin was offering a value for the bitcoin itself.

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February 22, 2017, 05:28:16 AM
 #10

It's a mix of factors but the predominant one is "demand and supply" from fundamental economics. You can talk about the mining fees, governmental decisions,FUD, hype, etc. but they all go one way or the other to influence either the demand or supply of Bitcoin which in tend leads to the adjustments in Bitcoin prices.



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February 22, 2017, 05:40:03 AM
 #11

bitcoin is nothing people have control price, never one person can get control bitcoin price
1 only suply demand
2 cooperation or bitcoin user community
3 some time exchanger can manipulate bitcoin price

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February 22, 2017, 05:43:20 AM
 #12

It is same question like who make price of gold/silver etc. Bitcoin is one of the actively trading assets on world trading market so price keep fluctuating according to demand and supply of bitcoin.

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pooya87
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February 22, 2017, 05:44:44 AM
 #13

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

this is a pretty basic economical question, and it goes for anything else. for example you may as well ask who makes the price of a pair of shoes, other currencies such as USD/EUR,....

it is all about "Supply and Demand". check out investopedia.com for these basic knowledge and you can learn lots of good things there. just google "Supply and Demand" and you will find it.

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February 22, 2017, 06:17:13 AM
 #14

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

I think it depends on the needs of buyers , sellers , market and the stability of the world economy
Pettuh4
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February 22, 2017, 09:05:55 AM
 #15

It's basically due to the demand and supply of bitcoins, these causes the fluctuations in the price and it has a little to go with the difficulty and miners. External influences like government and stakeholders decisions also causes some major influences in determining the price of Bitcoin.
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February 22, 2017, 10:02:54 AM
 #16

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
Supply and demand makes the price of bitcoin. And also good and bad media makes and breaks the price of bitcoin.
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February 22, 2017, 11:44:18 AM
 #17

they say supply and demand, but for me there is a very high manipulation going on, how we can tell that the exchange with their 200k coins sitting in theri address are not manipulating the market between one trade and another one? all exchange are manipulated for me, bitcoin should adopt decentralized exchange, so no one can hold a big amount of coins

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February 22, 2017, 12:14:31 PM
 #18

First person who bought bitcoins from Satoshi himself is the founding father of bitcoin price, or the first people who accepted bitcoins as something of value. and the rest you should've learned in school dude, economy classes much?
If he dont know about economics then he might be absent on that time when teacher taught about the law of supply and demand. Cool

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February 22, 2017, 01:26:03 PM
 #19

Well, to summarize every argument, it is supply and demand that dictates the price of bitcoins. That is generally what it is and no work around on how it can be justified. Bitcoin is not backed up by any gold or country hence you can't do any fundamental analysis on it. As long as there are people who would want to pay for the price, then the price is set.
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February 22, 2017, 02:24:53 PM
 #20

Bitcoin price is determine by the quantity of bitcoin that was supplied at a particular time and amounts of quantity that was demanded at the same particular time. Another thing that determines bitcoin price is traders that are trading based on technical and fundamental issue that take trading decision based on those issues. 

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