What/who make the price of bitcoin

[olumyd]

That might be the right call, but at the moment, so many things are quite uncertain about the price of bitcoin. People still think BTC has not hit its lowest just yet.

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[westlake4]

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. 

I difinitely agree. The law of supply and demand  what makes the price of Bitcoin exist. If there is no supply there is no demand and vice versa. People thought Bitcoin as the best investment that is why until now the price is increasing the same as the community, investors and enthusiasts. Until the time when the supply of Bitcoin will become scarse price will also skyrocket to the moon.

The supply of Bitcoin will reach the limit soon, right? I hear about 2022 with our mining system speed. By that time, the price of bitcoin will become untouchable

[SIHIN]

in my opinion, your question is very good, so BTC prices can go up or down it depends on the number of people buying this can make the price of btc rise high, well if many people who sell then the price also drops, so depending on enthusiasts people want to buy or not, now btc down it because of the many bad news about btc in my opinion.

[yusupjatigumilar]

which determines the market price is our own behavior in the market, selling and buying affect supply and demand and supply and demand make the price move up or down, so think first before you sell or buy because there will be domino effect from your market behavior

[pragna]

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?

Actually it is very difficult of explain about you question. You just think like normal share market. Share rate depends on the man who selling and who buying. If a person think that share value will be high he buying in higher rate as well as share price going high. In this way when anyone think that BTC price will go high he will buy BTC in high rate.

[ElevenX]

The volatility of all cryptocurrencies is based on the fact that none have anything to stabilise them. They aren’t linked to anything that has a determinable real world value in any way, and the coins themselves do not. Stability in the value of any currency has to be based on something that can be traded, excluding currency itself. Crypto is used for buying, but a problems exists here, too. The knowledge of said pricing has to be public - private selling does not help at all because you can’t determine any general price of X item around which to create stability, and crypto is generally based on private sales for now. It won’t stabilise until enough trading is done in the public eye through legitimate services such as online stores - and a large number of them, at that. It doesn’t matter if every member of the public gets into crypto, the price will continue to jump and sink until a ton of businesses get involved and create a “general consensus” in terms of crypto value that everyone can see and many agree with.

It also doesn’t help that many people are holding onto it in the hopes of making money. Currency that isn’t being traded is detrimental to its survival anyway, and prolongs the time it would take to stabilise.

This is a great explanation. I always thought that it would be volatile, but you're saying that if say Amazon and thousands of other stores got into it, that could stabilize the price?

[The Monkey King]

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 the people we called whales are the one who plays the price of bitcoin in the market. They are the one who invest too large amount of money. And also i bitcoin, we also have these crisis where in it is normal for bitcoin to fluctuates sometimes.

[Lenzie]

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 is like a commodity. We, people are the one who creates it. The more people buy it, the more the price increase because of the demand is increasing and the supply decreasing. Likewise on its opposite.

Sometimes breaking news alsi affects the orice of it. On the other hand I also believe that there are unknown hands who hold a lot and control the price of crypto most specially bitcoin.

[Omnipotent1]

Supply and demand. If you add more Bitcoins and spread it out to others, then people are not going to demand it as much and the price goes down, because those looking to sell will have to lower their price because they can't find others to buy. 

[BitcoinMarketer39]

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 are always making the price of cryptocurrency, the market is depending on the supply and demand so you should always expect for the drastic changes in prices if you are a cryptocurrency investor.

[alfs75]

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?

Definetly as far as i know the value of the bitcoin is depends on the stocks or supply in the exchange market,the more supply into there exchanges trading and low demand the more the price value of that bitcoin will going down,and vice versa of thats situation would happen thats why in my own perception the one who creates the price value of bitcoins is depends on the market volume and the demand of the investor,for the used  or purpose of circulation of the investment,thats why there is ups and down the price value of bitcoin.

[kabum21]

If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.

Maybe it could get an initial value circularly as you’ve suggested, by people foreseeing its potential usefulness for exchange. (I would definitely want some) Maybe collectors, any random reason could spark it.

[chrisculanag]

One of the reasons for having a price of bitcoin is due to the good demands and continuing patronage in bitcoins, the high volume trading is very important to make a price in every crypto as like bitcoin. Traders and whales can control the price of bitcoin .

[Stavri]

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?

You me and all comunity decide the price in crypto market. If most of us buys bitcoin it goes up if we cash out it goes down. That is it.

[Carreuh]

If who controls or controls the bitcoin price, but if what is the effect of bitcoin prices, there may be some negative news about this bitcoin, the prohibition in some countries as well as the available supply that affects this bitcoin value

[vivavivu]

Hacker, Speculators, Crypto Experts or whale and what is more?

[BitcoinTurk]

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?

Of course, users and investors are determined. The only difference in this sector compared to other stock exchange sectors is that there is no control and regulation. For this reason, large investors can easily have a great influence on the volume and can make adjustments on the price. Panic sales support can be a big factor in amateur investors, especially if the impact of these investors is very large at the prices we see as negative.

[Oggy Pogi]

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?

Actually we are all contributing to the circulation and the sudden changes within Bitcoin price in the virtual market in which, we users are being one of the greatest factors on why the price changes added by the fact that there are certain reasons why people decides to buy or sell their assets on a high or a low price that makes and somehow or literally dictates why the price changes positively or negatively. What we just need to know that every single decision and movement we make, have a great contribution on the price movement of not just Bitcoin but also the other types of existing cryptocurrency.

[Dortira]

As far as we can see with coral price mechanism consists of many aspects like worldwide mood, people's trust and bitcoin as a currency and Investment method, etc.

[Getmon]

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 is determined by the market. What does it mean? It means that:

1. The price depends on the demand. Price pumps happen when there are a lot of buyers taking the sell orders of the traders. Price dumps happen when there are way more sellers rather than buyers and hodlers.

2. News, updates, and developments have also a very vital role in the price movements of Bitcoin. If the news surrounding Bitcoin are mostly negative, it is expected that the price will go down. If it is positive, the price will also rise.

3. There are also whales. These are the largest investors of Bitcoin. Their selling or buying decisions will also create an effect to the price.