Bitcoin Forum
December 17, 2017, 04:56:06 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Where does bitcoin get its price?  (Read 1162 times)
jb26
Jr. Member
*
Offline Offline

Activity: 37


View Profile
August 31, 2017, 07:54:32 AM
 #1

Bitcoin has a varying price from time to time. The questions that come to my mind when I learned about bitcoin is why does bitcoin price varies. Where does bitcoin depends its price? Why bitcoin does not have a fixed price?

1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
1513486566
Hero Member
*
Offline Offline

Posts: 1513486566

View Profile Personal Message (Offline)

Ignore
1513486566
Reply with quote  #2

1513486566
Report to moderator
xSkyer
Full Member
***
Offline Offline

Activity: 168


View Profile
August 31, 2017, 08:21:04 AM
 #2

Nobody would buy Bitcoin for $4000 in 2009. Bitcoin has fixed supply of 21 milion bitcoins and that's enough. Demand decides how much is bitcoin worth in the end.
MetaSk
Full Member
***
Offline Offline

Activity: 140



View Profile
August 31, 2017, 08:28:05 AM
 #3

It's the law of supply and demand...the more people want it the price will go up, and the more people sell it the price will go down.

Do some research on stock exchanges and you'll see what I'm talking about.

bailey01
Jr. Member
*
Offline Offline

Activity: 52


View Profile
August 31, 2017, 05:28:09 PM
 #4

It's the law of supply and demand...the more people want it the price will go up, and the more people sell it the price will go down.

Do some research on stock exchanges and you'll see what I'm talking about.

Very short but exact information. Thanks ! Smiley
darkangel11
Legendary
*
Offline Offline

Activity: 882


View Profile
August 31, 2017, 07:45:39 PM
 #5

First you have to understand how market works. There's a certain number of coins available to buy and sell on all the markets in the world. When new people, like you, come into the market and decide they want to own a coin, because they heard about this technology, the price starts going up. The more you buy the less coins there are for sale and the higher their price becomes.
In short, price depends on the market attitude. If more fiat is coming to the market the price goes up and if people sell to put their money elsewhere it goes down.

IIV
Jr. Member
*
Offline Offline

Activity: 44


View Profile
September 01, 2017, 02:16:02 AM
 #6

Price is determined by its use. How much the buyers and sellers are willing to pay and sell.

HabBear
Hero Member
*****
Offline Offline

Activity: 574


View Profile
September 01, 2017, 04:28:17 AM
 #7

Bitcoin has a varying price from time to time. The questions that come to my mind when I learned about bitcoin is why does bitcoin price varies. Where does bitcoin depends its price? Why bitcoin does not have a fixed price?

The price is driven by supply and demand and their play against each other. More supply, lower price. Less demand, lower price. And the opposite is true too. This supply vs. demand relationship is behind all pricing of any thing in the world, it's just that most goods and services have more control over their existing price and how quickly they are updated to meet the market. Bitcoin (like stocks and currencies) is different because there is so much trading and it's done publicly the influence of supply and demand can be known and communicated immediately.

el_crypto
Newbie
*
Offline Offline

Activity: 1


View Profile
September 01, 2017, 09:33:11 AM
 #8

interesting to see where it goes
Cryptominia
Member
**
Offline Offline

Activity: 112

New Altcom Add: APKbEvrmLotd26hkrYxW5vRP5izHgVXLdZ


View Profile
September 01, 2017, 10:00:28 AM
 #9

YEs, i do agree that bitcoin applies the law of supply and demand  ,
thats why when people hold their coins,the supply decreases ,and the demands increases,that makes the price so high in the market

rcoins0720
Full Member
***
Offline Offline

Activity: 126



View Profile
September 01, 2017, 10:41:54 AM
 #10

It's the law of supply and demand...the more people want it the price will go up, and the more people sell it the price will go down.

Do some research on stock exchanges and you'll see what I'm talking about.
this reply is perfect
that is the basic concept when I am on high school days...

tamalweb
Newbie
*
Offline Offline

Activity: 15


View Profile
September 01, 2017, 01:27:20 PM
 #11

It took me a while to figure it out but I finally got it. A lot of people want to sell and a lot of people want to buy. They agree on the price and makes the trade. Currently, everyone wants to buy and too little people wanting to sell, so the price is high right now. Most coins are lost in bitcoin, so there are less than 16 million available now.

Happy to be around this time in Crypto.
BobBct
Full Member
***
Offline Offline

Activity: 224



View Profile
September 03, 2017, 08:37:05 AM
 #12

It depends to the people who buys frequently for example if only a few btc sold it will go low and if many it will go high.

superplus
Hero Member
*****
Offline Offline

Activity: 501



View Profile
September 03, 2017, 09:16:38 AM
 #13

its like you buy kebab for example, on Monday the kebab seller only sells as many as 30 kebabs with a price per kebab 5 dollars, it turns out buyers who buy kebab feel that kebab is delicious and cheap then he recommend it to his relatives so on Tuesday, seller kebab selling as many as 50 kebabs (sold out) from this seller kebab felt that he should raise the price because of the many needs but on Wednesday he sold all his kebabs for 6 dollars since Wednesday he always raises the price kebab because the stock of limited material until the price of one kebab rewarded 50 $ for too much demand.
sheld0n
Sr. Member
****
Offline Offline

Activity: 322



View Profile
September 03, 2017, 12:47:10 PM
 #14

Simple answer. From supply and demand. Bitcoin is exchanged on a lot of centralized and decentralized exchanges and the more demanded the coin is the higher is its value. Meanwhile Bitcoin has become a tool to pay nearly for everything you can imagine, especially for digital services and goods. But also for gambling for instance where it is very hard - at least in some countries - to get fiat money into online casinos. Bitcoin is perfect to pass such bans. That is another reason why its value it increasing besides speculation of course.
Fortify
Legendary
*
Offline Offline

Activity: 1148


★777Coin.com★ Fun BTC Casino!


View Profile
September 03, 2017, 01:02:16 PM
 #15

You could say the inflation in bitcoin will be driven by abandoned funds, it seems natural the the supply of bitcoins will go down over time. People will lose access to wallets, forget the funds altogether or even abandonment of small amounts across distributed wallets. This means that a portion of those 21 million will be lost forever, so small denominations will be required to trade the remaining amounts.

MTHOZ
Jr. Member
*
Offline Offline

Activity: 58


View Profile
September 03, 2017, 03:42:48 PM
 #16

Same concept as  other currencies   if there is ton of buy orders  and not enough sell orders bitcoin price will skyrocket
but if there is a lot of sell orders bitcoin price will drop

▬▬▬ ★ ★ ★ ★ ★ ▬▬▬
● PLINKO  (+) ROULETTE ║ BITVEST ║ |7| SLOTS    ▼ BIT SPIN
▬▬▬ ★ ★ ★ ★ ★ ▬▬▬
Zarbout
Member
**
Offline Offline

Activity: 112


View Profile
September 09, 2017, 12:47:19 AM
 #17

Bitcoin price comes from supply and demand.

MisterKT
Jr. Member
*
Offline Offline

Activity: 42


View Profile
September 09, 2017, 03:22:47 PM
 #18

The bicoin is based on the blockchain technology, which is de-centralized and unregulated. The price variation of the bitcoin, and of any other altcoins complies with the law of supply and demand.
For instance the price of the bitcoin doubled from July to August due to an increasing transactions from Asian countries such as South Korea and Japan.
ankurguta87
Full Member
***
Offline Offline

Activity: 126



View Profile WWW
September 10, 2017, 03:43:29 PM
 #19

The bicoin is based on the blockchain technology, which is de-centralized and unregulated. The price variation of the bitcoin, and of any other altcoins complies with the law of supply and demand.
For instance the price of the bitcoin doubled from July to August due to an increasing transactions from Asian countries such as South Korea and Japan.

Correct,  its all about demand and supply.

langlamobile
Full Member
***
Offline Offline

Activity: 140


View Profile
September 11, 2017, 07:43:24 AM
 #20

i think we can't fixed price
because bitcoin 's price is community or investors decide it
 when we need it , price will high
 we have not want , it is low ,
 it is market normal .
 and china is country  always most want have bitcoin .

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!