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Author Topic: what determine BITCOIN Price ?  (Read 1350 times)
androidpobeditel
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October 12, 2017, 04:59:30 PM
 #61

Digital money has a cost, which must be taken into account in calculations.
The greater part of the price is consumer demand, the willingness to give in exchange for bitcoins more traditional material goods.
Lalafell
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October 12, 2017, 05:08:09 PM
 #62

Its just Speculative trading .(you can make huge profit huge loss)

Wherein Stock market its intrinsic value +speculative.
Actually, no one can determined what will be the price of bitcoin and there is no such device that can determined the price of bitcoin. However, you can speculate it to know what would be the price of bitcoin. In addition to that, you can speculate the price of bitcoin on its supply and demand on online market.
Zicadis
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October 12, 2017, 05:42:59 PM
 #63

There are a lot of forces at play when it comes to determining the price of BITCOIN, demand which is a well known determinate is number 1, then we have speculation that can influence panic buying or panic selling will affect the price and of course the fiscal policies coming from bitcoin hubs(countries) will also play a role in determining the price.
Rj Manik
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October 12, 2017, 09:20:36 PM
 #64

Since every product depends on the price of its demand, Therefore, Bitcoin will set price on production and demand.
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November 28, 2017, 08:47:55 AM
 #65

It is like any other commodity. Gold, fiat, the price of tomatoes … and the like. Bitcoin price is measured in this way. 
In other words, it all depends on the supply and demand paradox. If there is a large supply of a certain commodity, what ever it may be - tomatoes, fiat, gold, Bitcoin … anything - and the demand lower, then the price, in-turn, would be lower.
However, if the supply is small or limited and the demand high, prices are going to be high. The supply of Bitcoin will become limited in another few years as the block reward reaches nil. 
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