How Does Bitcoin Gain/Lose Value?

[Arszilla]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

[easynote]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

People purchase the coin on Bitcoin Exchanges while purchasing the coin from the market price, that is how the price of Bitcoin goes up. When people sell the price of Bitcoin below the market price of Bitcoin within Bitcoin Exchanges then the price of Bitcoin goes down.
You might want to look at the orderbooks on Bitcoinwisdom to see how Bitcoin Exchanges have their numbers.

[Arszilla]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

People purchase the coin on Bitcoin Exchanges while purchasing the coin from the market price, that is how the price of Bitcoin goes up. When people sell the price of Bitcoin below the market price of Bitcoin within Bitcoin Exchanges then the price of Bitcoin goes down.
You might want to look at the orderbooks on Bitcoinwisdom to see how Bitcoin Exchanges have their numbers.

So more people buy it, it supports bitcoin and rises its value, and if they do the opposite and sell, it devaluates?

Guessing most people can't HODL then...

[UCHCHILD]

It is when people withdraw their money at the same time especially when it they have lot of money withdrawn. But we hope that thing will not happen because people for sure will panic selling so they will gain their profit into it.
But do not worry because after people dump the value there were lots of investors will come back and buy again because it has low price at that moment.
It is like law of demand and supply. I hope people will analyze that thing.

[shinratensei_]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

People purchase the coin on Bitcoin Exchanges while purchasing the coin from the market price, that is how the price of Bitcoin goes up. When people sell the price of Bitcoin below the market price of Bitcoin within Bitcoin Exchanges then the price of Bitcoin goes down.
You might want to look at the orderbooks on Bitcoinwisdom to see how Bitcoin Exchanges have their numbers.

So more people buy it, it supports bitcoin and rises its value, and if they do the opposite and sell, it devaluates?

Guessing most people can't HODL then...

What? But most people can hodl. That's the correct thing in my mind. Bitcoin has offered the easy way for us to get a return on our investment with just hodl it.
The more buy will give the support to the market buy and if someone has seen a lot of support buy for bitcoin and others will not try to missing the chance to buy it before the pump will be happening.
That likes the buying support give a sentiment impact to the rise of value.

[HaXX0R1337]

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

If there is a major sell of and if there is no one willing to purchase the coin then it will drop like we saw today after hearing the news about bitmain's plan on how to fork bitcoin and what path they are going to take and if there is uncertainty on what the future holds people will sell off their coins which is quite natural and with bitcoin and alt coin known to have big volatility expect these sort of things.

[azotas]

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

If there is a major sell of and if there is no one willing to purchase the coin then it will drop like we saw today after hearing the news about bitmain's plan on how to fork bitcoin and what path they are going to take and if there is uncertainty on what the future holds people will sell off their coins which is quite natural and with bitcoin and alt coin known to have big volatility expect these sort of things.

but how do you explain ethereum price drop ? if they are not related..

[countryfree]

Supply and demand.

The Barry Silbert segwit agreement may also have had a role. Some people thought for a while that the scaling problem was solved. Now that everybody sees that nothing's fixed, some investors may be disappointed.

[ktabb]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

Price moves up when more people want to buy than want to sell (meaning sellers can afford to charge higher prices) and price moves down when sellers outnumber buyers (so buyers can afford to make lower offers).

[Arszilla]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

Price moves up when more people want to buy than want to sell (meaning sellers can afford to charge higher prices) and price moves down when sellers outnumber buyers (so buyers can afford to make lower offers).

Well since the start of this topic, the price dropped 200 more USD.

Will it recover back to 2800/3000 USD mark by the end of the weekend?

[phr0stbyt3]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

It's really simple to understand and the mechanism is same as other places. Let me give you are example as fidget spinners started comin in trend the price of them increased from 2$ to 10$. Here also same rule applies when people are demanding more bitcoin the price is increasing and vice versa

[Yuhee]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

It's really simple to understand and the mechanism is same as other places. Let me give you are example as fidget spinners started comin in trend the price of them increased from 2$ to 10$. Here also same rule applies when people are demanding more bitcoin the price is increasing and vice versa

Or sometimes the price could be affected by the price of the dollar also. If dollar is going down also the btc would go up or down and in reverse. But what matters is the most is that btc is a growing investors in any government or even businessmen. I would agree that prices also depends on the buys and consumers but this is just to avoid another clog when people would start selling when the price has risen up. They would tend to lower it again for another time so that buyers can now again invest.

[Kakmakr]

Hey all

This has been a question bugging my head for a while now, and with the $3k mark that we recently hit and the drop to $2.5k.

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

Price moves up when more people want to buy than want to sell (meaning sellers can afford to charge higher prices) and price moves down when sellers outnumber buyers (so buyers can afford to make lower offers).

Well since the start of this topic, the price dropped 200 more USD.

Will it recover back to 2800/3000 USD mark by the end of the weekend?

Nobody can truly answer that with 100% guarantees. If we could, people would not buy bitcoins or any other commodity until it dropped to the levels where they know it would advance or drop to. This is just how markets work. We look at historic statistics and we look at current events and then we make our investment decisions based on that. Bitcoin has bounced back from much lower levels than this and every time people just wait it out and make tons of money when the price jumps upward again. ^smile^

Ignore short-term volatility and invest long-term.  < Buy on the dip and sell on the high >

[hase0278]

How does BTC gain or lose value? And how does BTC 'pop', like lose 500 USD worth over a day?

If there is a major sell of and if there is no one willing to purchase the coin then it will drop like we saw today after hearing the news about bitmain's plan on how to fork bitcoin and what path they are going to take and if there is uncertainty on what the future holds people will sell off their coins which is quite natural and with bitcoin and alt coin known to have big volatility expect these sort of things.

but how do you explain ethereum price drop ? if they are not related..

Even if they are not related ethereum price drop is also caused by supply and demand. Like bitcoin, the buying and selling of ETH is also the cause of it's price pump or drop. The news sometimes helps in price movements since most base their buying and selling activities on the news to gain profit and also some major updates help gain demand if it is good.

[Arszilla]

Well the important question is will we recover back to $3k mark by the weekend or next week and keep reaching new horizons? This dip got me when I was about to sell 0.75 (7500 Turkish Lira) and now its worth nearly 1 coin (8.3k Turkish Lira) and I was hoping to keep 0.25 BTC after sale for Steam Summer Sale.

[Quadast]

Well the important question is will we recover back to $3k mark by the weekend or next week and keep reaching new horizons? This dip got me when I was about to sell 0.75 (7500 Turkish Lira) and now its worth nearly 1 coin (8.3k Turkish Lira) and I was hoping to keep 0.25 BTC after sale for Steam Summer Sale.

To date, Bitcoin is very unstable And at the same time it shows good growth rates. I did not look at the fact that he fluctuates within 100 or 200 dollars. But those who are engaged in trade should take into account all these nuances that occur in the financial market kriptovalyut. It's a risky business. But there's nothing to be done.

[DrGuns4Hands]

How does Bitcoin gain/lose it's value? In my standpoint, the bitcoin gain or lose it's value is because of the users only. If the users don't know the advantages or limitations of using it? Well, in that juncture, the bitcoin itself lose it's value. But when the users know how to use it in a good way, bitcoin is gaining it's value

[Duzter]

The gain and loss happens depending on the demand to the supply market. When the need increase the value too increases, right now the drop is a manipulation based on the circulation of bitcoin around the network. This doesn't have any relation with the user base as the price move is caused based on the inflow and outflow of bitcoin happening within certain level.

[ModGirl]

It depends on the supply and demand and in bitcoin the supply is constant and the demand often is increased with some great news with which people rush to invest their money in bitcoin which increase the price of bitcoin. Like in the previous month Japan legalize bitcoin and that showed bitcoin as a more stronger.

[Visin]

I'm played bitcoin three years ago , when bitcoin still $275++ and I was so amaze that bitcoin able reach this far
I'm also keep telling my friend and my family that investing bitcoin are better than gold recently so it's worth to invest although bitcoin value still volatile and consider as risk investation

Not bad, I am pretty sure that a bunch of people in this forum purchased Bitcoin around that price range and they might’ve exchanged their coins into some fiat. If people only learnt how to hold their coins then the price of Bitcoin would be more expensive than it is right now.