Bitcoin price, am I right?

[incombit]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

[joeperry]

Yes it's just easy as that the more people wants to buy bitcoins the higher the price it will get and the more people wanted to sell it the lower the price it will get. But I may say this to you that it's not always like that the market are volatile just like the price of the coins and there are times that even though there are many sellers the price still gets higher and vise versa, soon when you enter the trading industry you'll experience this.

[pankowri]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

Learning a new things is good and I'm also a learner. By the way, just follow the instructions and read all the thread to know and do some research about crypto currency.

The price of Btc fully depends on its demand. The more it increases, the higher the price and go the moon as a trading language.

First of all, know about more specifically and then when you will able to join in trading then you will know more deeply about currencies price such as Btc or other altcoin.

[BrewMaster]

it is correct but two things i would add. it is a very simplified view of the price and also it is a global rule called "supply and demand". it works for everything, from a cup of coffee you buy to a Lamborghini. you can read more about it here: https://www.investopedia.com/terms/l/law-of-supply-demand.asp

basically it talks about the relationship between supply (the number of coins available to buy) and demand (the number of users buying bitcoin). to define it, we usually keep one fixed and talk about changes in the other, like saying if demand stays the same and supply increases then price should come down.

[Artemis3]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

This is a basic rule of everything actually. It is the famous Supply and Demand model. Basically yes, this affects bitcoin price, but as any other commodity in the market, other factors can also influence its price.

On a long term basis, the price will tend to go up, but it should go up slower and slower as the years and decades pass. This is because the thing people use to compare value loses value yearly by (foolish) anti-deflation policies of countries who just can't bother to read the Austrian economists and are scared of deflation, which Bitcoin is designed to be.

So all things equal (say in 100 years), if you then always moved all your money into Bitcoin, it would "earn" 2%, but that is actually everyone else inflating at least 2%.

Think of it as if you today moved all your money into gold, and only at the moment you were to buy something, changed only the minimal amount needed to purchase things (because the shop won't take your grams of gold directly). Of course real gold is a hassle to deal with. Bitcoin actually makes things easier.

I guess Digital Gold is an ok analogy.

[nicecrypto]

You are new in bitcoin and you already more concerned about price instead of the btc technology, between i really can not point out what exactly it is you are asking for, the higher the demand, the higher should be the price in the principle of demand and supply but you can't really be too sure because of market manipulations.

[jvdp]

Its correct demand and supply gives the price fluctuations in the market for every cryptocurrencies. So we need to understand when the marketplace value will increase and decrease and why it is happening.
just be attention on beginners and help board to learn more about Bitcoin and its technology.

[cr1776]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

Just like pretty much everything else:  if there is a lot of whatever it is (bottles of water) or little demand (used diapers) the price is inexpensive, and vice versa if there is little of it (e.g. gold) or lots of demand (e.g. front row concert tickets), then the price will be high.

[jossiel]

Yes that's right it is determined by demand and supply so the law of it applies. And that's why it is so volatile and there's no way to be sure on what's going to be the next price of bitcoin if ever you want to find it out.

What's going to be your next question?

[Xalata]

The price of coins is dependant on demand and supply. If a lot of people want to buy Bitcoin, but the supply is smaller, the price increases and vice versa. That is why people are encouraged to Hold Bitcoin, that way the price will definitely rise.

[figmentofmyass]

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

you can't forget about supply. the full mechanism for price discovery is supply and demand.

if demand increases by x but supply also increases by x, then the price will remain the same. so when demand outweighs supply, price rises. when supply outweighs demand, price falls.

this is still an oversimplification of course, but it's a better model than only focusing on demand.

[creeps]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

Demand should be the reason of the pump and a bull market, but in bitcoin every news and hype matters the most. There’s so many whales that can pump and dump the price, that’s why its volatile market. If the demand for bitcoin has increased by real numbers, then expect a new peak.

[maydna]

Yes, it will affect to bitcoin price to increase but don't forget that it depends on how much big bitcoin in the next price or the supply because if the supply still has a big amount, the price will not increase in short. People will need to wait until the supply is gone so the price can grow to the next price and sometimes, the price not increase although there is a big demand from people to buy bitcoin. But in a long time, the price can move to the higher price, and that means, the price will increase too.

[stadus]

That's the basic principle of supply and demand...

When the demand is high, the value will rise, that's what happen to Bitcoin due to its fix and limited supply.
However, not all dump is a result of real demand, the market can be manipulated, so that's something to consider in analyzing the price.

[arpon11]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

Whenever people or investors invest into bitcoin the price go up and when funds are flow from bitcoin to usd or any other currency it means bitcoin is bearish. The inflow and outflow of funds is still subject to the economic laws of demand and supply of money. However to make it easier expert has developed many economical and technical indicators that predict the inflow and outflow of money for those that want to invest in any of the assets and it is good now that you are new to develop strong desire to learn how this market works before investing.

[DoublerHunter]

That's the basic principle of supply and demand...

^ Definitely right that is because bitcoin is a digital currency which is limited supply throughout. It is the price certainly depends upon its demand and shortage of the supply. But there are some factors that may also affect the price. The market players or also responsible for its rate on the market, known us as whales.

[udidrone]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?

Maybe right, because bitcoin price determine of market. When people sell and buy bitcoin and then we can decide if bitcoin price is rised or dumped. For a lot of reason that can affect bitcoin price, market is something that we can called decide bitcoin price increased or dumped.

[btc78]

I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

firstly congratulation and welcome to crypto community,thats what is good t do study and learn first before entering to invest so you won't lose big money inside

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

thats what you can Supply and Demand in which most market has to make the prices move.the more buyers the high the price goes

Before asking the next part of the question, I need to know that, is what I was understood right?

yes you are right,keep on tracking and Goodluck

[Reid]

It is actually easy to understand.
Think about any rare item in this world. E.g. Monalisa painting by DaVinci, gold from shipwrecks, Harley Davidson bicycles.

With them being rare the demand is getting higher. Same with bitcoin.
The total is supposed to be 21million but there are a lot of it that are now missing or already lost.

Understanding the market will be easier if you think like that.

[The Cryptovator]

Most likely you are true, every things on the world raise price by depending on demand. So bitcoin isn't different from other things on that case. Its basic logic for bitcoin, when more investors enter on bitcoin then bitcoin start raise price. There is few more thing related about raise price but everything will be ended on the public demand. So Beside of public demand bitcoin price should be raise.