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noictib
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May 12, 2017, 05:04:49 AM |
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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 just depends upon the demand Only , As you know that no one can sell at more cheap rate as well as no one can buy at high rate then the average Current rate , so here almost price remain maintained but if the price of the bitcoin get rise speedly then be sure that the demand is rapidly is going increasing that is leading into the increase in the price but if the price going down then Ofcourse the demand is going down and everyone selling his bitcoin in the market and that results into down of the price due to bulk sell . |
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iv4n
Legendary
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Activity: 3178
Merit: 1175
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May 12, 2017, 05:17:05 AM |
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The price of bitcoin is determined by supply and demand of the market. bitcoin is a decentralized currency so there is no central organization that determines its price.
I do agree. The price of Bitcoin adjust in terms of demand and supply so that means that the demand in Bitcoin is increasing because the price is rising and vice versa whil on the other hand the supply is limited unlike in centralized coins which you can release a particular amount so that the price would be stable as the demand increases likethe fiat system that we have. There is no central group, but there is different groups and big whales that can inflict on demand and supply and with that they can't move the price in way they desire. Also we all noticed that bitcoin price at the moments can be very vulnerable on bad news, people in panic are doing crazy things. Bitcoin price mainly depends from us users, and who knows how to deal with community will know how to predict movement of the bitcoin. |
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housebtc
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May 12, 2017, 05:37:46 AM |
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What drives the price is demand, I read a tweets today that there are 15 million millionaires in US, that means not all millionaires will have access to one BTC, So the demand is going to continue to grow has more market is been penetrated
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Kemarit
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Activity: 3122
Merit: 1357
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May 12, 2017, 09:30:51 AM |
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The price of bitcoin is determined by supply and demand of the market. bitcoin is a decentralized currency so there is no central organization that determines its price.
I do agree. The price of Bitcoin adjust in terms of demand and supply so that means that the demand in Bitcoin is increasing because the price is rising and vice versa whil on the other hand the supply is limited unlike in centralized coins which you can release a particular amount so that the price would be stable as the demand increases likethe fiat system that we have. There is no central group, but there is different groups and big whales that can inflict on demand and supply and with that they can't move the price in way they desire. Also we all noticed that bitcoin price at the moments can be very vulnerable on bad news, people in panic are doing crazy things. Bitcoin price mainly depends from us users, and who knows how to deal with community will know how to predict movement of the bitcoin. I agree with the price is very vulnerable on bad news. But I think the general public is already matured enough not to panic if there is a price swing. You just have to remember that we have a country that backing up bitcoin now, unlike before. Japan is going crazy on bitcoin, ATH also is experienced in term of volume trading per 24 hours. Currently, the demand of bitcoin is very high but will limited supply only, the price is skyrocketing, Everyday, its like new investors or even casual traders want to get a hold of bitcoin for whatever purpose they may have. So its really hard to manipulate the price of bitcoin now, not like before that the Chinese market has a foothold of bitcoin ecosystem. Now, its different, Japan and other countries are really into bitcoin and what a piece of the pie. |
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PokerFace3
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May 13, 2017, 04:49:08 PM |
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People makes the changes of the bitcoin price as you can see people is the reason behind the demand and the keeping up of volume of the bitcoin. if they stocking and continue buying coins then hold for long time this is the time that bitcoin will be pumped.
Yes it is very true these are the people adoption making changes to the price of the Bitcoin. There are different interests of different people while following and adopting any new trend but one of them remains the common and here in the BTC the common reason for people adopting it is everyone wants to earn more fiats from the BTC. |
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lionheart78
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May 13, 2017, 05:15:22 PM |
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The price of bitcoin is determined by supply and demand of the market. bitcoin is a decentralized currency so there is no central organization that determines its price.
I agree, and the one who create supply and demand are traders. In short, investors and traders are the people who make the bitcoin price either increase or decrease. Aside from that, the hype and FUD also affect bitcoin price. Who ever weigh more between this FUD and HYPE will definitely markets movement. |
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MingLee
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May 13, 2017, 05:33:02 PM |
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The price of bitcoin is determined by supply and demand of the market. bitcoin is a decentralized currency so there is no central organization that determines its price.
I agree, and the one who create supply and demand are traders. In short, investors and traders are the people who make the bitcoin price either increase or decrease. Aside from that, the hype and FUD also affect bitcoin price. Who ever weigh more between this FUD and HYPE will definitely markets movement. The only issue I see with the supply/demand argument is that news about Bitcoin, good and bad, dramatically affects the market way beyond what it should be, realistically speaking. Every single piece of news seems to be treated like a major market mover, and it skews the demand for Bitcoin up or down, depending on the news of the day. |
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StarofBTC
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May 14, 2017, 06:21:13 AM |
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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?
People who uses bitcoin around the wolrd why the bitcoin price becoming more useful and more expensive nowadays as you can see the bitcoin price rapidly and guaranteed the profit of holders of demand the demand of coins are become increase and increase till it hit to total price of coins into $1700 per bitcoin. It is so simple, because the demand of the bitcoin is increasing therefore; the prices of the Bitcoin are increasing. The world is now getting aware of the truth that the BTC is the need of new world technology and the benefits it carries nothing else have it. So the people and the countries are now getting towards it to adopt. |
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Wintersoldier
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May 14, 2017, 02:22:55 PM |
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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. Yes, the people who uses bitcoin on its daily basis is the one who makes the price of bitcoin in terms of changes and development. Because the price of bitcoin always depends on the support of the community where the more support the community gives the more development on its price will happen. In a simple way it always follow the principle off law of price and demand. It simply rely its price to the movement of stock of bitcoin in the market and how people used bitcoin on the daily basis. |
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Rinder
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May 14, 2017, 03:09:52 PM |
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The system itself has been made to get value over time, due to mining, since reward is always being reduced, besides those we people that own and trade bitcoins, and some news really affectt the market, improvements/ upgrades usually are welcome.
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CASTIEL05
Member
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Activity: 560
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December 09, 2017, 05:37:42 AM |
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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?
The price of bitcoin depends upon the people who invest in this cryptocurrency. People who mined, trade, and using of bitcoins are the one who make the value of it. The price will increase if there is a great demand in the supply. |
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Jr.Sasha0209
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February 20, 2018, 07:12:48 PM |
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The price is made by players possessing a large amount of bitcoins, they buy both good and bad news, thereby playing on the nerves of newcomers and accordingly buy and sell on races
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Santachigo
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March 05, 2018, 08:17:05 AM |
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Blockchain technology is believed to have the potential of exploding the internet equivalent in its early years. Bitcoin is just the most familiar application in Blockchain technology. Blockchain technology can be used in all areas from healthcare, education, manufacturing, and so on. Blockchain is encrypted ensuring that programs running on the chain will continue to operate as intended.
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boksoon
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Activity: 266
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March 05, 2018, 08:45:03 AM |
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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?
The price would be movable in every seconds like heart bit, it's because of automatic calculated from digital data from Block Chain Market and operated by people member of Virtual digital Currency group But not monopolized it. It is automatic calculation depending on the volume of investor who gonna make an investment in every seconds and they gonna be in and out. |
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DooDKoK
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March 05, 2018, 09:43:35 AM |
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Prices of all currencies fluctuate not only in bitcoin. The market is where the vast majority of operators are located. Its price increase or decrease is due to investors more or less business, no one identified.
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syaripudin
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CryptoTalk.Org - Get Paid for every Post!
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March 05, 2018, 10:47:57 AM |
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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?
the price movement of bitcoin will be determined from several factors that if the volume of demand for bitcoin is increasing, of course this will impact on the level of bitcoin price movement that will continue to rise. and vice versa if the demand for bitcoin decreases that means it will cause the bitcoin price to decrease. both of which can determine the bitcoin price and the current bitcoin price is very volatile. |
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bitcad4u
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March 05, 2018, 10:54:39 AM |
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No one is responsible for the price of bitcoin.It's purely based on the demand.Consider the price of bitcoin is 11,500$ ,then it's raised to 14000$ in a day.Then all the holders will sell the bitcoin by this pump.So automatically the price of bitcoin is start to fluctuate.
If more people buy or invest in bitcoin,price of bitcoin will automatically increase.
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okwang231
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March 05, 2018, 11:02:49 AM |
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maybe making the price of bitcoin is investors and users when lots of investors bitcoin will definitely increase its price not only sure if the investors really are controlling the price because of my wet news about bitcoin investors really is the number 1 that Well, maybe there are other reasons and not just the investors doing the bit price
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billionaireSHS
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March 05, 2018, 11:23:27 AM |
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For me based on my opinion, investors will be the price maker of bitcoin because the price of bitcooin was depend on the investments. If there are low investments possible that bitcoin price will decrease but if there are high investments possible that there are also an increase with the price of bitcoin. Note: it is only based on my ideal thinking.
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Dart18
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March 05, 2018, 12:11:19 PM |
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Demands and usage. You may not believe it but the world is really that big that you thought it cannot happen.
I have that same doubt too asking myself how did it happen to get a price like this when in my own country there is not much people who supports it or want to buy it.
I guess in some country it might be in regulation but they are still willing to buy. And of course there are these whales that they call.
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