The Factors of Demand and supply

[tonyja2017]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

that is absolutely true. but it is only true in theory and the truth behind it is another story.
The price of bitcoins is always strongly fluctuated because behind it are many whales manipulating its value every day to benefit from investors.
If you want to invest in crypto, you should think carefully because in this market it is not easy to make money and is under a lot of pressure.

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[Akagum]

In as much as I would want to believe that the factors if demand and supply are determining factors of the price of bitcoin, I also of the opinion that speculation in the cryptocurrency space, spreading  both true and unfounded rumours play a very vital role in bitcoin price determination.
 

[el kaka22]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

There is no other reason for bitcoin to worth anything. If a company makes a product and sells it for 100 dollars, there is three possibilities, either the product will sell A LOT and they will increase the price to something higher because they can and people will pay, or the product will sell just enough and they will keep the product at the same price, or worse scenario people will not buy for that price and since it costs them a certain amount and they can't profit anything lower they will just stop selling.

Bitcoin is not like that, the only reason bitcoin is not 100 dollars or 1 million dollars is the demand and supply, we have a limited supply but we have it all the same and people are willing to pay 3.5 thousand dollars for it now, if people were not willing to pay that much it would go down, if people were willing to pay more than it would go up.

[realcrypto]

The price of bitcoin is determine purely by demand and supply. The strategy use in bringing the price of bitcoin down is just to spread FUD that will cause investors to redraw their funds thereby causing low demand. Through this the price will go down.

[Dreamchaser21]

  Price increase in price increase quantity supplied, decrease in price decrease quantity supply. Future expect ations. If the supplier expects prices to increase , they save their product for later, decreasing quantity supplied now.

They might burn some of their tokens so the price will be more expensive later. Supply and demand affects the price, its normal for that and the developer will do everything to improve and make the price pump. Follow the supply and deman trend, take profit on that.

[Naida_BR]

The price of bitcoin is determine purely by demand and supply. The strategy use in bringing the price of bitcoin down is just to spread FUD that will cause investors to redraw their funds thereby causing low demand. Through this the price will go down.

But when you spread FUD you even destroy your future trading strategy as well. In short-term you may have profit but in long term, it will be disastrous. This happens because the real value of the market is not clearly depicted in the market cap. Of course the same happens when you spread fomo.

[Ailmand]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Yes it does, the market price of cryptocurrency is affected by the demand and supply in the market. This is what determines and drives the market price. If the demand is too high the market price will surely rise.

[metalglowd]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

I think the demand and supply are just terms, it's just fictitious. Actually who "really needs" BTC / Alts?
In the end they will not use it for anything else but will still be sold in the same place and same exchange, but with a different position, top position.

[omonuyak]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Yes because we can see that infect on bitcoin pricing.  If you look at the order book you will find out that the buyer are not ready to pay much because we have numerous sellers that are ready to sell at a very cheap price.  I think the factor of demand and supply are really playing out.

[Bagaji]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

As an economist I strongly believe that before one should concludes on the fact that the price of commodities went down or went up something must be responsible for the demand to be less than the supply or the other way round. Some of the reasons which the first respondent to your post has mentioned are all valid in my opinion.

[hahay]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Prices can go up and down with the demand and supply is indeed certain, but for the current situation, bitcoin price movements are very affected about outstanding issues. In addition, the occurrence of whale manipulation has made the bear market continue so far which certainly has a bad effect on the crypto market itself.

[maydna]

Supply and demand will be one of many factors in bitcoin besides the news on everywhere. People right now want to buy bitcoin at a low price, but in another position, people would also want to sell bitcoin at a high price. But in bitcoin, some people have a large amount of bitcoin, and I think they are other factors besides supply and demands. But maybe I am wrong about that.

[jakagintiri]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Demand and supply are closely tied to bitcoin and another crypto as determinants of prices. However, requests and offers may be controlled by several parties so that they can take advantage of that power.

[Google+]

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

when bitcoin has not become well-known such as current demand and total supply that can be an influence of bitcoin price movements, but when the bitcoin price is high and the government begins to know bitcoin then information from several governments in several countries can have an impact on the bitcoin price movements.

[virasog]

In as much as I would want to believe that the factors if demand and supply are determining factors of the price of bitcoin, I also of the opinion that speculation in the cryptocurrency space, spreading  both true and unfounded rumours play a very vital role in bitcoin price determination.
 

Considering Bitcoin with respect to demand and supply, the best thing here is that bitcoin supply is limited to  21 million. Further more if the bitcoin wallet passphrase is lost, those bitcoin will never be used ever so it will be minus from total supply.  Once you will see more demand for bitcoins and knowing that its supply is limited, bitcoin price will sky rocket. Maybe you will not realize this now but for sure it will happen in future.

[romero121]

On each and every commodity related business it is purely on demand to supply availability. With bitcoin the same is a big thing for its growth in much shorter time period. In the beginning it wasn't known to the people, and when the userbase began to increase with massive adoption the price began to rise based on the lower availability to the increased demand.

[Kakmakr]

I would like to believe that it is true for Bitcoin too, but we know that different strategies are used to simulate fake demand and supply by scrupulous exchanges. We know transaction volumes are faked and we also know whales are used to manipulate the price. <Constantly dumping and buying to maximize their profits> 

A lot of the regulated exchanges are playing by the book and you will not find fractional reserve practices, but these things are happening on the more dodgy exchanges. 

[sheenshane]

I would like to believe that it is true for Bitcoin too, but we know that different strategies are used to simulate fake demand and supply by scrupulous exchanges. We know transaction volumes are faked and we also know whales are used to manipulate the price. <Constantly dumping and buying to maximize their profits> 

Yes, because of manipulation. Demand and supply should always be balanced. In Bitcoin, today's demand x supply status is = supply>demand.  Compared to before, the demand in cryptocurrency is quite low but there's a theory that today's status of demand and supply in bitcoin will dramatically change because of the things that will happen soon.

If you are going to analyze it, the most influential and the alphas of the world are trying to get ready for something and will affect almost every field, aspect, and industries of life. Cryptocurrency will be going to be on demand and so on the golds. Fiat currency will go down and the only currencies that will matter will be the digital assets and a bunch of golds.

[Crypdon]

Supply and demand is certainly the key here as demand is increasing globally, especially in countries with a poor economy. And bitcoin is deflationary, not enough coins minted, with less being produced after each halving event

[Muzika]

Supply and demand is certainly the key here as demand is increasing globally, especially in countries with a poor economy. And bitcoin is deflationary, not enough coins minted, with less being produced after each halving event

if the time comes that bitcoin is still the major coin,the price will be better due to the demand in the market internationally. Once the government of major countries accepts the use of cryptocurrency it will be the next big thing.