Lorilikes
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Content| Press Releases | Articles | Strategy
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September 19, 2017, 02:44:30 AM |
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Much like a real estate bitcoin's price is determined in part by the amount people are willing to pay to obtain it.
If that's true then I guess we should be thankful for the ridiculous fees they keep charging at places like paxful and ATM machines. It sort of inches the price and value up. Plus the supply and the opposite of inflation affect helps.
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Pettuh4
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September 19, 2017, 03:09:03 AM |
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Only the thing that bitcojn follows in terms of its value is the demand and supply because that is how bitcoin increases and decreases its price and nothing more, and you cannot predict when will the pump and dump happen
The more who buys it,the more it increase in value so when China bans it and Chinese investors sell or withdraw their btc, the value of btc dcreases in it's price. Well that's just an application of demand and supply you just demonstrated but it is fundamental that the prices of Bitcoin is determined by the demand of it on the market andvthe available supply to meet those demands. |
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jekjekman
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September 19, 2017, 03:14:44 AM |
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Its just Speculative trading .(you can make huge profit huge loss)
Wherein Stock market its intrinsic value +speculative.
Cryptocurrency News, True or not. The traders, Miners, and actually most of all that uses cryptocurrencies but this 3 factors is the main aspect for me that really determines what will be the price of bitcoin. Cryptocurrecny News: Whether it is true or not, publicity is publicity, the recent down in price of bitcoin is because of the FUD that happens in the last week about this Jamie Dimon guy and the banning of bitcoin in China, because of this people panics that resulted to the price drop. Traders: Actually this people is really the one for me that is doing the volatility of any crypto coins because they read the chart then they will do what they think is right, most of them also bases their analyzation from News. Miners: Even though they are just mining and getting fees out of a transaction, for me they really affects the price if they stop mining or they are out numbered to the current transaction that is happening in the network and this will cost a higher fees most of the time. |
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mjnick01
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September 19, 2017, 04:06:54 AM |
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the amount of bitcoin today in the Philippines 204875.55 Philippine Peso
how much bitcoin is in your area?
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aoihs00
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September 19, 2017, 04:09:33 AM |
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Off course the supply and demand of the bitcoin. When it increases so as to price increases proportionally. Besides that bitcoin price will get flooded once the big investments starts to take the shape. That can fluctuate the market real easy.
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ALI AKBAR
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September 19, 2017, 04:16:24 AM |
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i also think that, the demands and supply are determine the price of bitcoin.
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Juggy777
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September 19, 2017, 04:21:31 AM |
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Its just Speculative trading .(you can make huge profit huge loss)
Wherein Stock market its intrinsic value +speculative.
In a way yes it's speculative trading, but then again in the markets those are manipulated earnings, it's done with ulterior motives and people often fall in the trap, while In Bitcoins it's simple demand and supply higher the demand less the supply prices shoots up, lower the demand higher the supply fall. It's all about understanding that this isn't just speculative, it's more than that, you need to understand the market, the coin and plus no third party can touch it or manipulate it. |
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sukamasoto
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Black Panther
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September 19, 2017, 04:26:13 AM |
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Supply and demand to put it simply.
Supply as we know it is finite and depending on the altcoin in question can vary in quantity. Some like Ethereum or Ripple are more lackluster in their known supply quantities.
Demand comes from lots of things including word of mouth and the Internet. But the most important driver of the Bitcoin price is the media. And I mean big media as in CNN, Huffington Post, Fox, CBS, etc....and even Facebook, Twitter, Instagram, Snapchat. One big news story can influence the price of Bitcoin and cryptocurrencies dramatically. Case in point - just look at what happened this last week.
That's why bitcoin trading much riskier than Wall street trading because if we compare them, Wall street trading has a legit reason why the value got increase or decrease because they are connect on world issue. Although bitcoin is a risky investment, it can made more profit rather than wall street trading |
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Lazada
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September 19, 2017, 04:29:08 AM |
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Its just Speculative trading .(you can make huge profit huge loss)
Wherein Stock market its intrinsic value +speculative.
of course, the price increase is how the amount of demand in the market, because the more bitcoin users the higher the bitcoin price. use bitcoin every day and we will feel the high price. |
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mevmike
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September 19, 2017, 05:05:15 AM |
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I believe that the price of bitcoin and other altcoins is based on the demand and supply. For me when it comes to who dictates the price of a certain coins will still depend upon the number of person who uses that coin. Most especially to cryptocoins since it is decentralized therefore more power are given to those who uses it. Unlike in real market sometimes there are products or services that can be dictated by government through regulation laws.  |
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ekoice
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September 19, 2017, 05:08:46 AM |
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Bitcoin price is mainly driven by the community support.It depends upon the trust which is kept on bitcoin by the people based on which they get ready to pay the price.Bitcoin price increases or decreases in proportion to increase and decrease in demand for bitcoin.Just like how gold got its value based on people's will to pay for it,same is the condition with bitcoin.People trust in bitcoin since its a decentralized currency which government could not control or devalue and also since it is secure as it works on a secured blockchain system.
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Kakmakr
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Leading Crypto Sports Betting & Casino Platform
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September 19, 2017, 05:31:43 AM |
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The correct answer would be supply and demand, but I would also want to add manipulation of the supply and demand. We have a bunch of people <whales> who are artificially manipulating the price. The price do not reflect the real supply & demand, but rather what these whales want it to be. The distribution of bitcoins are unevenly spread and some early adopters and fiat whales are using their financial advantage to manipulate the price. This is causing high volatility in the price and speculators are using this high volatility to make huge profits. <pushing the price even higher> |
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kenkoy
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September 19, 2017, 05:57:10 AM |
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Bitcoin price is affected by certain factor: Global news regarding Crypto, Supply and demand, FUD, trading. It is certain that the BTC price drops were affected by the recent news regarding Bitcoin. China bans ICO, US billionaires negative views on Bitcoin. Chinese investors cash out their BTC due to their country's actions against BTC.
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cybersofts
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September 19, 2017, 08:37:11 AM |
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Its just Speculative trading .(you can make huge profit huge loss)
Wherein Stock market its intrinsic value +speculative.
Two things usually the determines the bitcoin price. 1. Demand and supply: when there are too much demand of bitcoin with short supply that may lead to price inflation. 2. Speculations and FUDs: sometimes speculations change the price of bitcoin to go up or down. it depends on what people are speculating about good or bad!  |
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Destroyeroff98
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September 22, 2017, 04:24:46 AM |
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Its just Speculative trading .(you can make huge profit huge loss)
Wherein Stock market its intrinsic value +speculative.
The value of precious metals and elements is determined not so much by their practical relevance, as by their rarity and demand. Digital money has a cost that you need to take into account in calculations: electricity costs; investments in mining-farm; commission for transactions. |
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DAVETUN
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Bitcoin is the currency of this age
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September 22, 2017, 09:50:41 AM |
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Demand nd supply is a factor,but much more is the news in the global market,when news related to bitcoin or cryptocurrency is release it has a major factor with the price.
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Tumanggor
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1xBit.. recovered their reputation
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September 22, 2017, 10:31:32 AM |
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just like stock trading, the price is greatly influenced by the buying and selling that takes place in the market ..
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mrayazgul
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September 24, 2017, 04:18:22 PM |
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There is no way to determine the price of bitcoin since we cannot see every bitcoin holder's mind if they gonna sell the coin or not so even speculation cannot figure it out, but only the time when the price pump and dump is the actual moment you can say the demand decreases or increases, so it is so hard to reason out the reason what is going on to the price value of bitcoin.
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Mozdalifa17
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September 24, 2017, 04:25:27 PM |
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Bitcoin prices relay on demand and supply like any stocks in the global market , But for sure bitcoin market is totally different form other stock because people expect to get 2x profit if they hold for 1-7 months ,also previous conclusion applied on altcoins markets.
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wallstone
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September 24, 2017, 04:36:04 PM |
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Supply and demand determines the bitcoin price.
Actually, the price of bitcoin was depend on supply and demand on online market. The price of bitcoin is volatile and we all know that it always chane and I guess the main why bitcoin change its price is the fluctuation of supply and demand on online market. But still the no can predict what would be the price of bitcoin. |
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