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X-ray
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March 08, 2017, 06:19:40 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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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michkima
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March 08, 2017, 06:24:18 AM |
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Generally bitcoin prices are driven by the supply and demand of the users of it. Bitcoin are not based on or relies only anything like fiat which relies on gold for it's value. Bitcoin is also not regulated, hence no single person or entity makes decisions for it and because of that the prices are not influenced.
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suredoood
Member
 Offline
Activity: 66
Merit: 10
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March 08, 2017, 06:42:00 AM |
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The price of Bitcoin, like the price of anything else, is based almost purely on how much somebody is willing to give for it. This changes based on specific situations but ultimately that is what the price comes down to.
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mornabo
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March 08, 2017, 06:55:31 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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin. the more users, the more people who want to earn bitcoin. by the number of bitcoin that always stays this course will make bitcoin prices continue to rise. which makes the price is certainly demand it |
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pinkpanther03
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March 08, 2017, 07:10:24 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?
For you able to know about how bitcoin make the price high this is depends on mass adaption of the community. If the demand is continuously increase and the users also getting higher there is a possibility that the value of bitcoin will increase. |
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Dimelord
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March 08, 2017, 07:23:41 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?
Bitcoin value is the value which the people of bitcoin community are ready to pay for it.It increases or decreases in proportion to increase and decrease in demand for bitcoin.When first satoshi nakamoto created bitcoin,i heard first a bitcoin was sold in return for a pizza.From then, based on thr trust people kept in bitcoin, it price has increased from time to time and now it has reached around $1200. |
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Luviasst
Newbie
Offline
Activity: 11
Merit: 0
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March 08, 2017, 07:29:15 AM |
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It is the free market.So the price is determined by the market.
The short term price may be control by some whale, but the long term price only depends on the market.
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Xester
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March 08, 2017, 11:38:46 AM |
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It is the free market.So the price is determined by the market.
The short term price may be control by some whale, but the long term price only depends on the market.
It is true that the only thing that dictates the price of bitcoin is the movement of the market. The market flows reflects the will of the people who buy and sell bitcoins. The market price is not just a display but it is the manifestation of the support and love of people towards bitcoin. In the end the responsible for the price of bitcoin are the people behind it. Without people supporting bitcoin it will have no value. |
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kpcian
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April 24, 2017, 03:29:40 PM |
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When question goes on who..??.Then the answer is indicated those people who are engaged in the Bitcoin.according to the general economic theory, if demand will increase then price will also goes up. Demandable things must carry precious things so Bitcoin also considered as a demandable things.
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bohr
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April 24, 2017, 09:12:31 PM
Last edit: April 25, 2017, 05:47:51 AM by bohr |
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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?
We are the ones that make the price, if you want to buy and then someone decides to sell and both of you agreed on a price then you have participated on the act of creating the price of bitcoin for each one of us. |
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lionheart78
Legendary
Offline
Activity: 2898
Merit: 1152
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April 24, 2017, 10:03:14 PM |
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When question goes on who..??.Then the answer is indicated those people who are engaged in the Bitcoin.according to the general economic theory, if demand will increase then price will also goes up. Demandable things must carry precious things so Bitcoin also considered as a demandable things.
Isn't it the whales? Then sheeps followed to get slaughtered? Definitely people are the one who set up the price of Bitcoin since they are the one who demands and sells it. But among these people, there are a few who have a huge stash and funds that has the capability to control the price of BTC. they have the power and influence to move the market. If we observe how it works, even a small news can cause a crash if these people ride on it and create a crashing scenario. |
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emezh10
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April 25, 2017, 12:02:52 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?
Satoshi Nakamoto created bitcoin and the people all over the world who supports bitcoin build the price of it. Because the bitcoin has only 22million stocks so as long as people buy bitcoin the price of it is pumping because that is based on the supply and demand law when you lessen the supply the price will pump just like other minerals. So people build the price of it. |
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CODE200
Sr. Member
Offline
Activity: 1428
Merit: 308
★Bitvest.io★ Play Plinko or Invest!
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April 25, 2017, 12:34:25 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?
Satoshi Nakamoto created bitcoin and the people all over the world who supports bitcoin build the price of it. Because the bitcoin has only 22million stocks so as long as people buy bitcoin the price of it is pumping because that is based on the supply and demand law when you lessen the supply the price will pump just like other minerals. So people build the price of it. Totally agree with that sir, Because in the beginning the price of bitcoin is bellow 1USD only so by the help of the people by the support of them the price of the bitcoin is increasing every year each user that being added to the total population of the bitcoin is big impact to it's price so every bitcoin holders that buy bitcoin is the first year is so lucky because they have the biggest earning from stone to gold. So the people are holding the price of the bitcoin. |
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Sled
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April 25, 2017, 12:46:20 AM |
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The price of bitcoin is depending to the people's demand in the market, If a lot of people is demanding to buy a bitcoin for their price rate then the supply will be lessen and the price will go up while if the people is demanding to sell their bitcoin for their price rate then the supply will increase and the price will go down. That is how price of the bitcoin works by basing on the law of demand and supply.
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Dimelord
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April 25, 2017, 02:36:23 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?
Bitcoin was first created by satoshi nakomoto as a digital currency.At first,10,000 bitcoins were sent to buy just pizza.Then people began to build their trust in bitcoin and they started buying it.Slowly,bitcoin price began to grow.In Jan 2012,its price was around $12.Bitcoin's price continued to increase in proportion to increase in demand.Now,its price has reached around $1300.Therei is no central authority to fix the value for bitcoin.Its completely decentralized.Just like Gold,a piece of yellow metal is valued based on the amount people are ready to pay for it,same is the condition with bitcoin. |
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X-ray
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April 25, 2017, 03:28:56 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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin. the more users, the more people who want to earn bitcoin. by the number of bitcoin that always stays this course will make bitcoin prices continue to rise. which makes the price is certainly demand it That's right, The bitcoin is having a limited supply. So, there is no more bitcoin in the future. With some bitcoin already lose caused by those are forgetting the wallet password and the supply of bitcoin will be less in the future. in will never touch 21 million. It less than 21 million right now. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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AjithBtc
Sr. Member
Offline
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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April 25, 2017, 03:59:07 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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin. the more users, the more people who want to earn bitcoin. by the number of bitcoin that always stays this course will make bitcoin prices continue to rise. which makes the price is certainly demand it That's right, The bitcoin is having a limited supply. So, there is no more bitcoin in the future. With some bitcoin already lose caused by those are forgetting the wallet password and the supply of bitcoin will be less in the future. in will never touch 21 million. It less than 21 million right now. Most users described the same, supply to demand ratio make the price of bitcoin. The reason is that we have limited number of coins to be generated and if thereis no limitation then it could have gone as a failed experiment. So increasing adoption creates an increase in demand and this causes the price increase when circulation within the network increases. |
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blakegrr
Member
Offline
Activity: 114
Merit: 100
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April 25, 2017, 04:00:26 AM |
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miners and traders will be the cause of price of bitcoin.
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Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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April 25, 2017, 04:38:28 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 the bitcoin is depend on the people who are buying and selling the bitcoin and with the investors of it because if many people dump they're bitcoin the price will be dumped too but if many people buy bitcoins the price will be pumped so It is depend on the people who are using bitcoins. |
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mimini0147
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April 25, 2017, 08:31:21 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?
Like all other cryptocurrencies, the price of bitcoin is determined mainly by supply and demand. IF there is alot of demand then the price will be driven up but if there is little demand then the price will fall. Government regulations and the media also have an input in the price, the media has enough power to drive the price of bitcoin up or down by spreading whatever news they want to, which in turn affects the demand. The price of bitcoin can also be manipulated by a small group of people regardless of the general demand, if they have enough capital, they can pump the coin and then sell it back once the price reaches where they can make a handsome profit. |
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