what determines the value of BITCOIN??

[BigBall]

Bitcoin price go up or down because bitcoin supply is limited  so we cant buy bitcoins how much we want.Also informations are important in affecting to bitcoin price and also how much is btc solded and bought.

[stompix]

Bitcoin price go up or down because bitcoin supply is limited  so we cant buy bitcoins how much we want.Also informations are important in affecting to bitcoin price and also how much is btc solded and bought.

If you take into account that the supply is limited the price should go up all the time.
And you can buy as many bitcoins as you want , but probably you lack the money.
Where did this nonsense come from?

[BUK2016]

I agree with you that the forces of demand and supply affect both the upward movement and the downward movement of the price of bitcion. But aside that, factors such as positive news or negative news also can contribute to either downward or upward movement of the price of bitcion.

[Yuhee]

Bitcoin price go up or down because bitcoin supply is limited  so we cant buy bitcoins how much we want.Also informations are important in affecting to bitcoin price and also how much is btc solded and bought.

If you take into account that the supply is limited the price should go up all the time.
And you can buy as many bitcoins as you want , but probably you lack the money.
Where did this nonsense come from?

For small time traders, money for investment is a big issue. Because some beginners are having the mind set that they have to buy a whole btc to make it count as an investment. Prices of btc is may be affected by supply and demand but alt coins also rotate around btc, so btc isnt just the coin that could be worth investing.

[JimmieA]

I think you have been right about the price fluctuations in the BTC closely related to supply-demand rules. Of course, as you said, when the demand for btc increases, then the btc price will increase and vice versa. Another small impact on the btc price is that attracting user investment in altcoins will also contribute to reducing the amount of money invested in btc, so btc prices will fall.

[Osarman]

In my opinion, the price of bitcoin, first of all, is determined by the growth of its recognition by the society, by the number of users of this crypto currency. However, the course is influenced by a number of other factors, including technical factors (such as the upcoming resolution of the August 01 scaling issue), organizational factors, the availability of demand and supply for a particular crypto currency and at a specific moment, and other factors.

Yes it is depended on people as you said that the growth happen with recognition by the people in society. Right as more people invest the value of bitcoin will goes high which is a huge change in our lives. So yes we can say that it is just because of people what if you and I also work on people to tell them about bitcoin that what bitcoin how it is works is then trust me people will come here with a lot of ideas and dreams.

[Adbitco]

Basically it's the demand and supply of any commodity or currency which determines its price. The other factors which mentioned above by a few senior members like bad or good news and also other developments which keep taking place from time to time do also affect bitcoin price but here again the demand and supply factor come into action so the only two factors which play an important role in the determination of price of most of the things is demand and supply and that applies to bitcoin prices too.

[Bitcoin_trader2016]

The price of bitcoin is determine in the growth of people who are investing in bitcoin the more people invest the higher the value of this and also we can see the if more people holding there bitcoin in a few months no one selling this the pruce goes higher and higher and no one can predict that

[ladydark]

As you have already said,the increase and decrease in demand for bitcoins determines its value mostly.But,at some times,its price is also determined by other factors like japan legalizing bitcoins which lead to increase in bitcoin price and FUD spread about bitcoins during BU issues and now recently hard fork issues,which leads to decrease in its price.In earlier times,chinese gamblers dominated bitcoin market and they used to dum p their bitcoins to buy cheap bitcoins which caused a fall in bitcoin price.

[shodiqtercinta]

Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already circulating in number and new bitcoin is made with predictable and declining rates, which means demand must follow the inflation rate to keep prices stable. Since Bitcoin is still a relatively small market compared to the actual potential it can achieve, it does not require large sums of money to drive up or down market prices, and therefore bitcoin prices are still very volatile.

[shodiqtercinta]

Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already circulating in number and new bitcoin is made with predictable and declining rates, which means demand must follow the inflation rate to keep prices stable. Since Bitcoin is still a relatively small market compared to the actual potential it can achieve, it does not require large sums of money to drive up or down market prices, and therefore bitcoin prices are still very volatile.

[woas4]

It depends mostly on adoption. If its widely adopted, more people will use > more demand. And since its a scarce coin with a market total of 21 million MAXIMUM, the price goes up! If people stop adopting it, price goes down.

[uchiha_2]

bitcoin prices move down the law of demand and supply .. bitcoin prices soared up and down wildly without you being able to predict. bitcoin always fluctuate .. the price is always changing every time. it's because supplay and deman bitcoin is not stable .. if demand is bigger then bitcoin price will be expensive. so that bitcoin prices continue to rise. but otherwise if supplay is bigger then bitcoin price will go down. and make bitcoin drop. but I think that's why people love to invest bitcoin. they take the opportunity of a fluctuating bitcoin price .. buy at a cheap and sell back when expensive. it is often done to benefit from bitcoin.