How does the price of bitcoin keep the world basically consistent?

[DannyHamiltom]

I'm a beginner. I wonder how the world's exchanges keep the price of bitcoin consistent?
Take exchanges, for example. Where do their prices come from?
How do other exchanges keep their prices in line if an exchange, someone who breaks the price of bitcoin, deliberately drives down the price?

[Aminmon]

If the price of bitcoin on the exchange is lower and the price of another exchange is higher, there will be a difference between the two exchanges.
There are a lot of people who move bitcoins from the exchange to another exchange to earn the difference, and the difference between the two exchanges will gradually diminish.
That's why prices are always consistent for most of the time.

[DannyHamiltom]

If so, can we make a profit in this way?
Why do people sell their bitcoins  on the exchange which at bitcoin price is low?

[Evaporation 123]

Bitcoin is the most highly rated coin on market today, well trusted and good value. Bitcoin is known all over the world. Its market exchanging price is on high stake.

[Acguy]

The price is usually followed by the most popular exchange and prices are harder to manipulate because there are lots of buys and sells.

[zenhu]

If so, can we make a profit in this way?
Why do people sell their bitcoins  on the exchange which at bitcoin price is low?

the different between 2 exchanges isnt really that big, and yeah some people really make profit from that. Move your ballance to another exchange with higher price to sell it called arbit. But you need to calculate some stuff. Like fee for send it and how many time that coin will arrive, cause if you late and the price back to normal youll end up losing.

[Agozyen]

The price is determined by demand.  The more people that buy the more the price rises.  There are people monitoring the various exchanges with software that will sell or buy based on conditions they set.  If the price on one exchange goes up or down people on other exchanges will see this and buy or sell appropriately.  Sometimes there is a difference, but usually the prices are very near to each other.

[Newboybb]

If so, can we make a profit in this way?
Why do people sell their bitcoins  on the exchange which at bitcoin price is low?

Is difficult, because if the price difference between the two exchanges is very big, so you in exchange withdrawal will be postponed, if the price difference between the two exchanges is small, so when you confirm to exchanges, the difference has disappeared.

[h0lybyte]

The price may vary on each exchange due to high demand and low supply of a coin, but can not be lowered that much.
Some exchanges really charge a lot of fee on trades, so you need to assess everything before choosing a platform, thus you will be able to earn profits from volatility and price difference

[lero34]

The price of bitcoin at one time had a very strong effect on altcoyin. Later all this was divided. Bitcoin became separate from altcoin and the price ceased to be dependent. You can see it by growth.