kingkats0803 (OP)
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January 23, 2018, 01:12:07 AM |
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Hi guys!
I'm new here and just wanna ask what determines bitcoin value?
I know that everything is about supply and demand, but would like to have a more detailed knowledge with regards to this.
Any help extended will be greatly appreciated guys.
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ballexplorer
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January 23, 2018, 01:20:49 AM |
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As you already said, supply and demand determine a value.
Currently, a lot of money is flowing away from the BTC, so the price drops.
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Arwinkim
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January 23, 2018, 01:24:17 AM |
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You already mentioned supply and demand. Currently, its value drop because investors sell their bitcoin for something else. You also need to learn micro economy like if other assets are not profitable atm then investors might choose bitcoin. Did I forget to mention about FUD?
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raniadaling
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January 23, 2018, 01:39:35 AM |
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It always is supply and demand.
values of any currencies will drop when investors pull away their investments.
In the case of bitcoin presently, many bitcoin holders exchanged their money for something else. Thus, money flows out from BTC, and in turn, the drop in value
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MkGregor
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January 23, 2018, 01:44:19 AM |
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Supply and deman. BTC has some inherent value by virtue of someone having to spend money for mining gear and electricity to produce it, but it's surely not anywhere close to what it goes for right now. But here's the thing...It doesn't have to have an inherent value. Not many things on the market that we trade, have an inherent value.
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D3m1r4wanti
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January 23, 2018, 01:50:20 AM |
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many factors determine the bitcoin price position, it depends on the sellers and buyers who are influenced by external factors such as the issue isus that support or drop the bitcoin price
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kingkats0803 (OP)
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January 23, 2018, 01:54:59 AM |
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Thanks a lot you guys! I know there are a lot that needs to be read with regards to this topic.
But it is very helpful, in a way it fast tracked my understanding with bitcoin value.
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Mjeramirez
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January 23, 2018, 04:40:00 AM |
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the value of bitcoin is governed by the law of supply and demand, which basically states that in a fix supply market, as the demand for a product increases, its price also increase. as as we all know, bitcoin has a fix number of around 21 million, and the recent price increase led many to venture into bitcoin increasing demand pushing it further upward.
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tech72
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January 23, 2018, 04:46:27 AM |
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Bitcoin price is currently unknown. Also, a price depends only upon the supply and demand. Since, supply of Bitcoin is limited, we can only discuss about various factors which will increase the demand and hence push the price further up. These factors are generally related to adoption of Bitcoin by a country or any update in Bitcoin network to enhance it.
In some cases, there are negative news which bring sell out of coin, and the price falls. It is still in new stage, and hence the price is so volatile.
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qumeijia
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January 23, 2018, 04:49:14 AM |
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it is like commerce, the price of btc is determined by the supply and demand which already mentioned on your question. It depends on the demand of buyer, when there are so many demand surely the rice of btc is increase.
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SONG GEET
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January 23, 2018, 04:55:41 AM |
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Any bad/good news about crypto currency like change in legal status of Bitcoin can affect the price.
Fud or fake news before any official announcement can trigger panic and dump in the price.
Marketcap is still very low so any whales can manipulate the price to make huge profit.
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Beehives
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January 23, 2018, 04:56:41 AM |
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Hi guys!
I'm new here and just wanna ask what determines bitcoin value?
I know that everything is about supply and demand, but would like to have a more detailed knowledge with regards to this.
Any help extended will be greatly appreciated guys.
It's always in supply and demand. If the price hike the traders sell their stocks that why sudden dip happen. When the price dip some try to hold it to avoid loses then the price will hike again. If you plan to trade better to study first the behavior of the market otherwise you will end up losing your money. |
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Chinatsu Akasaki
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January 23, 2018, 05:06:39 AM |
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Hi guys!
I'm new here and just wanna ask what determines bitcoin value?
I know that everything is about supply and demand, but would like to have a more detailed knowledge with regards to this.
Any help extended will be greatly appreciated guys.
Bitcoin is a decentralized entity, in which no one can manipulate its operation and wherein its value only depends on how the market goes. Bitcoin, follows the rule of supply and demand in which its value increases as its demand increases because of bitcoin's limited supply. Price changes in bitcoin is always due to some external factors, like its market as mentioned above, and the infrastructures surrounding the bitcoin community. Just like in some other form of investments, its value loses when investors pull out their assets. |
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bitsharks95
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January 23, 2018, 05:08:37 AM |
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i'm not an expert but,,
Bitcoin also has its market where it is bought and sold. Therefore, demand & supply or surplus & deficit in the market determines its value.
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mrtryonebiggums
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January 23, 2018, 05:19:01 AM |
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Supply and demand is the basics but the nitty gritty is the people who are involved in the markets and these people act rational at times and irrationally other times. This back and forth between rational and not gives rise to crazy unpredictable movements which not even the best of traders can pinpoint. Ie nobody knows why there is value all we know is this technology is great and we want to be involved with it.
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Ridwan Fauzi
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January 23, 2018, 05:20:21 AM |
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You should know the latest information about the world of cryptocurrency, especially bitcoin. If it comes bad information, FUD and the decision of a country to ban bitcoin it will make the bitcoin price go down. On the other hand, if many countries accept bitcoin as a means of transaction and a lot of positive news or information about bitcoin then certainly bitcoin price will go up. So, I feel that's affects the supply and demand for bitcoin.
Actually, the decline bitcoin prices can be overcome, if the investors aren't affected by some news that comes against bitcoin. For example, a FUD or a country will ban bitcoin, but investors don't use panic sell, but they just hodl their bitcoin I'm sure bitcoin price not go down.
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1 currency now
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January 23, 2018, 05:28:35 AM |
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You should know the latest information about the world of cryptocurrency, especially bitcoin. If it comes bad information, FUD and the decision of a country to ban bitcoin it will make the bitcoin price go down. On the other hand, if many countries accept bitcoin as a means of transaction and a lot of positive news or information about bitcoin then certainly bitcoin price will go up. So, I feel that's affects the supply and demand for bitcoin.
Actually, the decline bitcoin prices can be overcome, if the investors aren't affected by some news that comes against bitcoin. For example, a FUD or a country will ban bitcoin, but investors don't use panic sell, but they just hodl their bitcoin I'm sure bitcoin price not go down.
It's more so of the community being supportive of what is on the market. They don't have to sell the coins that they have but they do. That is why it's wise to just store your coin since almost everyone that is into Bitcoin wants some. |
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binhvo1505
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January 23, 2018, 05:42:52 AM |
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Hi guys!
I'm new here and just wanna ask what determines bitcoin value?
I know that everything is about supply and demand, but would like to have a more detailed knowledge with regards to this.
Any help extended will be greatly appreciated guys.
Yes, I am really a newbie. What I'm most concerned with is the question you are asking. I have heard about the supply and demand but I do not understand because of it. I need to know more about the problem to have a solid knowledge. In the future, I want to invest in the altcoins to make more profit so I really need to know about the basics. Hope everyone will sincerely help me and give me advice. |
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katixrecamara
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January 23, 2018, 06:15:43 AM |
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Thanks a lot for raising this question!
I'm also a newbie and needs to read more about bitcoin, this topic helped me a great deal!
From what I can gather, just like any other markets out there, it is governed by supply and demand principle.
The more the demand the more the value is. However, if investors will spirit away their assets and exchange it for something else, that would reduce it's value.
So better campaign up for more!
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Haunebu
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January 23, 2018, 06:31:03 AM |
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Supply and demand is the basics but the nitty gritty is the people who are involved in the markets and these people act rational at times and irrationally other times. This back and forth between rational and not gives rise to crazy unpredictable movements which not even the best of traders can pinpoint. Ie nobody knows why there is value all we know is this technology is great and we want to be involved with it.
I agree with you here. The reason why the crypto world is extremely volatile in the first place(More volatile than the stock and forex markets) is due to the minds of people which get swayed easily for different reasons like FUD(Example: Recent South Korea Ban on crypto exchanges). People tend to trust bitcoin over other altcoins majority of the time though due to its popularity and value in the modern world today. Supply and demand is indeed the primary indicator of bitcoin value, but there are many reasons like real world events, FUD etc which tend to affect bitcoin in a small or big way! |
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