Who sets the bitcoin price?

[Robertshon]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

But as a newbie, I Think the Bitcoin price change for two reasons. One reason is supply and demand. Bitcoin prices change by supply and demand. Currently, there is a cap of 21 million bitcoins. When that cap is reached, Then no new bitcoin comes in the market that means bitcoin mining will no longer generate new bitcoin.  Bitcoin is not centralized. Bitcoin is decentralized different people hold small amounts of Bitcoin all over the world and no company runs. Bitcoin is a commodity and the market sets the price.So it's a commodity like oil like gold like any other commodity and the market determines the price based on supply and demand in each market so if you have a particular market for Bitcoin where there is a huge supply of Bitcoin and not much demand for.Bitcoin price will be much lower then a market. where there is a larger demand for Bitcoin. Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.
 
Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

At Present, the crypto world is trying to resolve slow speed up the number of transactions. When this change is applied, the world is converted into a new cryptocurrency world.

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[Sanugarid]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

THE WHAT??

I don't wanna go this low but I think I should done a thing here. First of all newbies should do their homework before getting in with the trendy crypto, as we know as bitcoin. I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now. I don't know what you are trying to point out from here actually, like newbies probably know about these things before your post.

[GreatArkansas]

(....)
Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.

It's really difficult to say that Bitcoin will be more higher, or maybe it's still early to say that.
As we all know, price really depends on the supply and demand or to the buyers or sellers too, that's what I understand how the market works especially in cryptocurrency.

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

But there are some country that is extremely strict when it terms on buying or selling Bitcoin, some may need documents before you can buy or sell any Bitcoins, and some it is totally illegal, but since Bitcoin is decentralized, we can find ways to buy and sell them.

[AmoreJaz]

(....)
Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.

It's really difficult to say that Bitcoin will be more higher, or maybe it's still early to say that.
As we all know, price really depends on the supply and demand or to the buyers or sellers too, that's what I understand how the market works especially in cryptocurrency.

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

But there are some country that is extremely strict when it terms on buying or selling Bitcoin, some may need documents before you can buy or sell any Bitcoins, and some it is totally illegal, but since Bitcoin is decentralized, we can find ways to buy and sell them.

first, is the OP using google translate here? as he needs to re-phrase some of his statements but ok getting the summary of it. i guess, he doesnt need to create a thread for this, there are already tons of threads discussing about bitcoin price, factors that affect btc and so on and so forth.
 but ok, given the fact that he wanted to share his learnings as a newbie. lets give him the space to vent out his ideas. anyway most of us here already know those things in crypto.

[Charles-Tim]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

You are right, bitcoin is very decentralized. But, you can not buy bitcoin from blockchain network, transactions are only propagated into bitcoin blockchain network, the transaction will later be confirmed by the miners, in the process new bitcoin are mined. But, if you want to buy bitcoin, you will have to buy bitcoin from people that are having and want to sell bitcoin. You can meet this people directly or online using exchanges or some wallets. You can also make use of bitcoin ATM.
 

[goinmerry]

Yes, by market demand. Started with a low price on Bitcoin's inception, the continuous demand raised its price as time passes by. There is no standard price as exchanges have different rates.

Many people who new in the crypto world think that Bitcoin is managed by a company..

This is actually true. As a bitcoin enthusiast, you will feel sad for those people thinking that way.

But don't mind them. Bitcoin grows big even with that.

I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now.

Bitcoin is already popular even for those who aren't crypto enthusiasts.

What lacking is adoption and acceptance due to several factors.

[crzy]

The price of bitcoin depends on the demand of it since the supply is limited, we can say that demand is what needed right now to move prices. Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

[Cryptoreflector_666]

The price of bitcoin depends on the demand of it since the supply is limited, we can say that demand is what needed right now to move prices. Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

The greater the demand , the higher the price. Imagine that you have only three crowns left in your village, and previously there were 333. Do you think the price of a cow will be higher or lower, given the increase in its exclusivity? It is obvious that above. Also with bitcoin - the greater the demand and the less bitcoin in the world, the higher its price will be.

[Astvile]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Actually there are some government rules in some countries that you may not have, some government totally banned and tag bitcoin trading or any bitcoin related activities illegal it is lucky for you if you are not encountering those laws.

Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

I think there are sometime that whales tend to play with bitcoins price not really controlling the price but the news that later affect the price of bitcoin but still bitcoin is decentralized so the world controlling should not be in here.

[Dana888]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Actually there are some government rules in some countries that you may not have, some government totally banned and tag bitcoin trading or any bitcoin related activities illegal it is lucky for you if you are not encountering those laws.

Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

I think there are sometime that whales tend to play with bitcoins price not really controlling the price but the news that later affect the price of bitcoin but still bitcoin is decentralized so the world controlling should not be in here.

At the moment, there are a huge number of ways to trade cryptocurrency completely anonymously and safely, even in countries where bitcoin is completely banned. In General, these are all familiar ways to bypass the identification numbers of computers at least. Cashing out through item purchases is also not new in 2020.

[Wexnident]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Remove this and the idea is basically set and correct already. Any factor other than supply and demand is just a supplement to demand itself, so it isn't technically wrong to say that only supply and demand are the factors that affect BTC, and the rest affect demand itself. And to note, some Governments has set rules with regarding to crypto, and some people use their bank accounts/credit cards to buy crypto from a centralized exchange, so the process is still there.

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

And this is honestly the prerequisite to someone being scammed, believing that a company is behind Bitcoin. Just a bit of sweet talk and they can easily be made to join their Ponzi schemes which are honestly depressing especially with how we're in the era of technology and information, a less than minute research in google should be more than enough to know how Bitcoin is a decentralized system.

[LUCKMCFLY]

The most important thing for me is supply and demand, I think that is where everything lies, because the market does not have any support for differential as happens in the stock market, in addition to that, we must take into account the plans that the whales or Strong have. Hands, and since the volatility is so enormous it is what influences the most.

[James Alberto]

Many new investors are entering the cryptocurrency, And they spend all their money on Bitcoin, And big companies invest in bitcoin. Twenty-four Hours buy and sell continue in this market. Due to which the price goes up and down, BTC has had his price down since yesterday, and hopefully, it will go up soon.

[bitcampaign]

a little funny if bitcoin is managed by a company, this is not a currency that is managed by the government, so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market, the amount available for mining is very small, so the increasing demand for make prices increase

[Renampun]

so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market,

true, the price of Bitcoin is set by everyone who trades...
Bitcoin is a decentralized cryptocurrency. because it is not centralized, the Bitcoin price waves are influenced by transactions that occur in the market.

[Assface16678]

a little funny if bitcoin is managed by a company, this is not a currency that is managed by the government, so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market, the amount available for mining is very small, so the increasing demand for make prices increase

There are a lot of people who think that the bitcoin market price depends on the large company because they think they usually are the investors but they don't know this is not them those are the whales to holds a lot of bitcoin rather than investors of a large company.

The bitcoin is decentralized but sometimes the large investors can manipulate the market price because those large investment.

Also many investors are scares with the use of the bitcoin because it's more volatile than the stocks.

The most important thing for me is supply and demand, I think that is where everything lies, because the market does not have any support for differential as happens in the stock market, in addition to that, we must take into account the plans that the whales or Strong have. Hands, and since the volatility is so enormous it is what influences the most.

Basically the technique the use of the buy low and sell high settings that's why they are earning easily without hassle with the use of it. Still it requires a knowledge and skills to grab when is the right time to make an investment.

[Gotumoot]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

THE WHAT??

I don't wanna go this low but I think I should done a thing here. First of all newbies should do their homework before getting in with the trendy crypto, as we know as bitcoin. I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now. I don't know what you are trying to point out from here actually, like newbies probably know about these things before your post.

I agree everyone should do their homework before even investing on something specially in crypto.
Newbies should also know that no one is controlling the price it depends on the demand and they also need to stop thinking of it as an easy way to make profit because it doesn't work like that.

[dothebeats]

I don’t think newbies even think of bitcoin as something centralized since the very first description they will ever come across is bitcoin being a decentralized cryptocurrency.

The points stated are just the same information over and over again. Price is dictated mainly by supply and demand, and there are lots of traders that can participate freely in the market at any given time. There’s no deeper reason as to why the price changes in bitcoin; it’s just common sense and a lot of little factors here and there that makes up the price action.

[The Cryptovator]

It's our mistakes that we concentrate on bitcoin price at first rather learn technically. That's the reason newbies are misunderstanding about bitcoin. If a person knows technical things about bitcoin then he/she could realize how to determine bitcoin value and price. Circulating supply and buy/sell pressure is responsible for the bitcoin price and value depends on the community always. Bitcoin is fully decentralized and the price wouldn't determine by any centralized organization. But I have to admit there are some big manipulators and sometimes they create influence on the markets.

[adzino]

You are correct. The currency is decentralized, so no one controls. This means no one controls the market or the price. The is determined by the demand and supply. That is why when coins are dumped, coins increased in the circulation and the price falls. The vice versa is also  true.
But this also means some who hold large sum of coins can manipulated the price of the coins for their advantage (but will be too risky for them).