Where does bitcoin get its price?

[Indighost]

it's "perceived" value, which means people have given it a value, even thought there is nothing physical to back it up

[Melquart]

Bitcoin gets its price from people demand to buy bitcoin. More people buying btc more the price increases.

[godzillarekt007]

Bitcoin gets its price by the basic laws of Supply & Demand. Its as simple as that. Previously there were more bitcoins mined in a day then there were users so bitcoin price stayed

quite low, but now its the opposite way. Bitcoin creates 1800 new coins a day, but tens of thousands of users are added a day. There isnt even one for everybody who now wants

it. Whats that going to do to price? Naturally it will drive it up over time (with market irrationality acting out on the day to day ie China Ban, etc)

[MingoCoin]

There is a difference in supply/demand of the speculative market and supply/demand for currency. Right now it's supply/demand of the forex community.

Keep in mind that even currency does not have an inherent value. It's only that we agree to accept it as a carrier of value...otherwise it's just really fancy paper.

[aizen10]

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?

i thinks its because of supply vs demand circulation, so the price of bitcoin will raise because the supply of it in the market is limited and the demand is totally rapidly higher that what its expected before. like our fiat money there a supply vs demand circulation too in the market so the value of it can be its either high or low..

[m!llar]

bitcoin is free coin so that simple supply and demand rule is really effect but now we see how china effect with this coin

[niterde]

simple supply and demand. basic economics. supply is fixed and demand is increasing over time, which leads to a higher price.

[Hanebel]

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.

[osasshem]

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?

If you can remember the law of supply and demand, the higher the the demand, the higher the price, so,  the more people get to know about bitcoin, so the price keeps going up.

[Hanebel]

I just wonder what happen when the supply of bitcoin will close to exhaustion. It's quite unfair for those who invested late,Or it does not work like that?What do you think?

[Hannahanto]

The growth depends on its usage. The more its circulated around, the value is driven more high. The more its is kept stagnant, the value does not grow positively. The more the values increases, the more bitcoins are circulated into market. This is how the growth comes in.

[aardvark15]

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 based on supply and demand just like stocks in the stock market. If a company has great potential or good earnings, the stock has more demand, more people want to buy so the price goes up as a result.

The same thing happens with Bitcoins. More people want it so the price starts going up because people are willing to pay higher prices for it. Bitcoin is also designed to be deflationary. Fewer Bitcoins are mined each year and will end at 21 million Bitcoins. Because of this design, the price should increase as fewer Bitcoins are available over time.

The combination of fewer Bitcoins available and Bitcoin becoming more well known and more mainstream should make the price increase over time even with some volatility.

[chr!snes]

law of supply and demand

trust people

security

[Afnan_faizah]

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?

I do not really know but I think it is in trading site. Because IRS said that we can determine the bitcoin price in trading site or exchange site to calculating the taxation. I do not really sure,  correct me if I am false. Bitcoin price is only depend on supply and demand.

[budakjawa]

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?

bitcoin gets its price from buyers and enthusiasts bitcoin, the more bitcoin in interest and hard to get bitcoin then the more expensive