2 Bitcoin price questions

[The Cryptovator]

If your question about bitcoin value then its depends on us, I mean depend on the bitcoin community. If your concern about the price then its depend on the trading. So trading happen on the exchange, and prices determine from the trading prices. If any websites want to show bitcoin they have to use API from any exchange, some use coinbase or Bitmex. Or may be they could use API from CMC (IMO).

[1714762774]

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[1714762774]

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[hahay]

Prices will continue to move because price movements occur because of demand and supply as you can find in previous posts and after all, things like this are not important because the most important thing is about how we can reap as much profit as possible from trading or investing or anything from this crypto market, right.

[TheUltraElite]

Who determines its value?

Essentially the buyer and the seller. If I wish to buy bitcoin at 1$ price and someone sells me 1BTC for 1$ then the price is 1$/BTC even if others will not sell/buy at this price.

Markets?

Average price at the exchanges is determined to the price listed on various aggregator sites.

What kind of markets?

Since bitcoin trading is not through any single centralized organisation its price will vary slightly among various exchanges. Unlike the price of a stock on the stock market which will not vary between exchanges.

Big companies like blockchain.com ?

Blockchain.com is a service provider, they provide services like a wallet, a block explorer and exchange called GDAX and some more services which you can locate on their site.

How is it getting embed on websites? If you google "bitcoin" you will see its price.

From different sites like other users have said.

This number must be set by a person, right?

No.

[omone1]

1) Who determines its value? Markets? What kind of markets? Big companies like blockchain.com ?

The community determines the value of bitcoin, the more we have a larger community who daily use bitcoin for various purposes, the more valuable it becomes. We don't need people who only buy and hoard and wait for priced to spike and sell. We need daily active users.

[milesfull]

Price determines by the traders on the exchanges. Other sites just parse the price from one or several exchanges

[Skieleton]

1) Who determines its value? Markets? What kind of markets? Big companies like blockchain.com ?

2) How is it getting embed on websites? If you google "bitcoin" you will see its price. This number must be set by a person, right?

Here you have the answer to both questions ... The law of supply and demand is one of the main factors affecting the cryptocurrency exchange rate. The higher the demand and the smaller the supply, the higher the price and vice versa. If the demand is relatively small and the supply is high, the value of a given coin will decrease.

In contrast to fiduciary (traditional) currencies, the supply of cryptocurrencies is limited. In addition, it gradually slows down over time. For this reason, it is very likely that the demand for assets will exceed their available quantity

[pixie85]

The exchange price is not something you should follow to the letter because it doesn't representthe real value of Bitcoin. It's not based on all exchanges just a few with the highest volume.

Some exchanges may be faking volume or doing wash trading which is essentially the same thing.

The value is calculated from the traded coins but at least half of the coins in circulation is traded OTC or held and never goes through the exchanges that are connected to price tickers.

[Utoy101]

1) Who determines its value? Markets? What kind of markets? Big companies like blockchain.com ?

2) How is it getting embed on websites? If you google "bitcoin" you will see its price. This number must be set by a person, right?

Just like every commodity and assets, i believe the price bitcoin is also being driven by the force of demand and supply because when the buy wall seems bigger (demand) it always result in price increment but when the sell wall is bigger (supply) we do see a price downfall. And to your second question, i think the site from which Google Search optain bitcoin price from depends on the most relevant site offering such services

[mk4]

The community determines the value of bitcoin, the more we have a larger community who daily use bitcoin for various purposes, the more valuable it becomes. We don't need people who only buy and hoard and wait for priced to spike and sell. We need daily active users.

When talking about price specifically, usage doesn't account THAT much in terms of price discovery. What the market mostly needs is liquidity, which pretty much mostly consists of market buyers and sellers.

Also, depending on what you specifically meant by "community", it's mostly not. If you're referring to the community specifically who either hodl or use bitcoin, they don't have that significant of an impact as compared to traders. Hodlers only help bitcoin rise in price by somewhat "decreasing" the supply, whereas while spenders also provide liquidity(which is good, mind you), it's still not as big compared to traders.

[rathaha10]

1) Who determines its value? Markets? What kind of markets? Big companies like blockchain.com ?

2) How is it getting embed on websites? If you google "bitcoin" you will see its price. This number must be set by a person, right?

In as much as certain people such as whales and high profile investors have influence on the market condition to certain extent, the price of bitcoin is largely determine by law of supply and like how other member suggested, the law of the demand and supply is the force behind the price of virtually every commodity and asset

[Rengga Jati]

1) Who determines its value? Markets? What kind of markets? Big companies like blockchain.com ?

The first thing to know is what gives the Bitcoin value? There is no one controlling this and it is decentralized? Well, it is related to supply and demand. The supply of Bitcoin is limited, only 21M. It is also not all that is in the circulating supply, only some of them. Moreover, some of them are not mined yet, so, the supply right now is so limited. While on the other hand, the demand for BTC is exactly high. Moreover, in this technology era, many people are willing to put their money in BTC because of its interesting and promising characteristics. In fact, many more people want BTC. The supply and demand will always be there, more demand, the price or value will be higher.

However, as we know that the price of the BTC is very volatile. It depends on the market, yeah. The price depends on the market, and it is stated that there is no one can control the price of the market. Probably true that somebody may not be able to control the price in the market. But, what about some people who have a big amount of BTC that play the market? It is possible to influence and control the market of BTC.

How is it getting embed on websites? If you google "bitcoin" you will see its price. This number must be set by a person, right?

If you are talking about the display of the Bitcoin price on google search, there are some parties that provide the data. The price on google search for USD rate is by "Morningstar for Currency & Coinbase for Cryptocurrency".
You can also find such kind of Bitcoin price and market tracker on some tracker websites. They are such as Coin Market Cap, CoinGecko, and others.

[Velkro]

1- his value is determinated by his market capitalization. This means that if more poeple buy than sell, price goes up, and if people sell more than buy, it goes down. Basicly this moves the price, then u can see also that if everybothy wants to sell but no one whant to buy at the same price, btc goes down till where people buy it.
2- this number is an aproximation by how much is worth in the diferent places and diferent values that diferent markets gives. But usualy theris not too much difference.

This is accurate answer.
2. always estimation but its accurate enough
1. this is best in the world method to know price, supply and demand, thats it

[mycryptocoin]

You have to know that prices depend on the market. No one alone can value something. Bitcoin too, the price depends on supply - demand. When more people believe in Bitcoin, believe in its value, its price will increase and vice versa.

[coinfinger]

How is it getting embed on websites? If you google "bitcoin" you will see its price. This number must be set by a person, right?

You see the price on Google but do you check the source it's coming from? It's clearly written below by Google – ‘Data provided by Morningstar for Currency and Coinbase for Cryptocurrency'. So, you already know who is providing those data you see on Google.

Although I have not really taken my time check out how the price of Bitcoin is determined, but if you have taken the time to check cryptocurrency exchanges you will notice that there is usually a slight difference between them; the same price you see on Coinbase is not the same you might see on Binance, Luno, and other exchanges. As for what determines the value, it's the rate of demand and supply and the trust we have in it.