I know how calcolate Bitcoin’s value in my currency (EUR)
My question is about to find a right prices when I buy or sell.
Example:
If I want to buy a TV and pay with Bitcoin
That TV cost € 100.
What’s BTC price?
At now BTC price is € 3100, the TV cost is: 0,03... BTC
If in the next two hours BTC value goes up of € 1000 ( € 4100) the TV cost will be: 0,024 BTC
So, price of a products that I want buy or sell depends at the time (seconds, minutes, Hours)?
The price is determined by
market price, and it changes all the time. You can take a look at bitcoin exchanges, or use one of several
online calculators.
The price fluctuates in real time by people buying and selling in the world, 24/7.
How you ever needed to buy or sell US dollars? How can you tell the price in Euros? Same thing...