Is there a way to actually get to know the real price of Bitcoin?

[slaman29]

Its is not actually an easy task to manipulate the price, it comes with huge price tag as well for example currently bitcoin is trading at 42K so if a whale wants to increase it upto 45K then he needs to create multiple sell orders gradually until that price reaches so that people will be manipulated meanwhile any user can take that into an advantage as well.

Not on a big enough exchange. Anyone even trying to do so now with the impossible size of the orders will be at best enjoying a few minutes of desired price. The cost of doing that to me is the same consideration as the cost of 51% attack... no one has the financial resources to pull it off. AND even if they did, the rest of the market/players will pull back so quickly and regroup.

If the exchange is small enough to try price manipulation, then it's probably not worth it.

[Viscore]

Is there a way to actually predict the price of Bitcoin?

I think there's no way to predict bitcoin prices because as we can see it, it has no fixed pattern. Its price keep changing everyday thats why we cant really tell of what is the exact price of bitcoin.Bitcoin price/value depends on how valuable the market. Its prices depends on the supply and demand.

[Zilon]

Bitcoin was solely built for the purpose to eliminate the third party and yet we let the third party[i.e. exchanges] decide the price of Bitcoin today.

Bitcoin & Cryptos come with a downside of manipulation

bitcoin wasn't intended to have an intrinsic value of it's own it still relies on fiat to attain a value but your non custodial wallet gives you full privacy to your bitcoin and this non custodial wallet have saved the issues of this third party as most non custodial wallet provide the exact bitcoin prices even  as prices fluctuates

This, in turn, raises the price of Bitcoin, and meanwhile, the order is still not completed, the Whale "A" gets a good position to sell some bitcoins which again dumps the price. Now again the Whale has a good position to Buy the same bitcoin he/she sold at a very lower price.

This is what happens when you have big Bitcoins in your hands.

Aside from this many exchanges also manipulate the price of Bitcoin by creating fake Buy/Sell orders.


Is there a way to actually predict the price of Bitcoin?

consider using Data from the Blockchain itself, for eg. the Timestamp of the block, mining revenue, cost of the electricity consumed to mine the blocks, Difficulty in the hash rate, etc.

Forget the whales what controls the market is demand and supply in every economy including Bitcoin. The whales don't manipulate the market rather the bitcoin market responds to the demand and supply curve which means anyone with the highest offer can also make the market dance to any direction with the whole process published on the distributed ledger that is not altered or manipulative

[jrrsparkles]

Its is not actually an easy task to manipulate the price, it comes with huge price tag as well for example currently bitcoin is trading at 42K so if a whale wants to increase it upto 45K then he needs to create multiple sell orders gradually until that price reaches so that people will be manipulated meanwhile any user can take that into an advantage as well.

Not on a big enough exchange. Anyone even trying to do so now with the impossible size of the orders will be at best enjoying a few minutes of desired price. The cost of doing that to me is the same consideration as the cost of 51% attack... no one has the financial resources to pull it off. AND even if they did, the rest of the market/players will pull back so quickly and regroup.

If the exchange is small enough to try price manipulation, then it's probably not worth it.

It doesn't expensive as 51% attack but definitely need few millions of dollars to shatter the trading price because atleast the trade should be executed for 30 to 50K BTC.

When the price increase it becomes impossible that is why people need new strategies to become billionaires.

[Oilacris]

Its is not actually an easy task to manipulate the price, it comes with huge price tag as well for example currently bitcoin is trading at 42K so if a whale wants to increase it upto 45K then he needs to create multiple sell orders gradually until that price reaches so that people will be manipulated meanwhile any user can take that into an advantage as well.

Not on a big enough exchange. Anyone even trying to do so now with the impossible size of the orders will be at best enjoying a few minutes of desired price. The cost of doing that to me is the same consideration as the cost of 51% attack... no one has the financial resources to pull it off. AND even if they did, the rest of the market/players will pull back so quickly and regroup.

If the exchange is small enough to try price manipulation, then it's probably not worth it.

It doesn't expensive as 51% attack but definitely need few millions of dollars to shatter the trading price because atleast the trade should be executed for 30 to 50K BTC.

When the price increase it becomes impossible that is why people need new strategies to become billionaires.

The main thing that could really affect market price is to those big movements made out by neither those whales/institutions or simply with those retail traders that do share up on the same mindset

or decisions in mind depending on what would be the market sentiment would be.Knowing on whats the real price  then this would be a never ending one considering that we've been having this

market for a decade but still the price couldnt be determine on whats the ending point.As long recognition and adoption do continue out then it would never be a stable one.

[Gozie51]

Yes of course there are various sites to see the real value of Bitcoin. You can go to any site and see the price of Bitcoin Coinbase, Coingako binance Exchange for you to see the price of Bitcoin Etc. You can see the price of Bitcoin from the site.

You will never get the right price for Bitcoin because the price of Bitcoin is completely decentralized. Bitcoin prices vary slightly on different exchanges. However, you can visit different exchange sites and find out the exact price.

I'm doubting if exchanges set price of bitcoin. Everything about bitcoin is decentralised and no direct manipulation of bitcoin. What I think is that demand and supply are two major factors that can change price. Exchanges will not be able to manipulate the bitcoin price, if they do it means exchanges should have prices that is far different from each other.

[Questat]

Yes of course there are various sites to see the real value of Bitcoin. You can go to any site and see the price of Bitcoin Coinbase, Coingako binance Exchange for you to see the price of Bitcoin Etc. You can see the price of Bitcoin from the site.

You will never get the right price for Bitcoin because the price of Bitcoin is completely decentralized. Bitcoin prices vary slightly on different exchanges. However, you can visit different exchange sites and find out the exact price.

I'm doubting if exchanges set price of bitcoin. Everything about bitcoin is decentralised and no direct manipulation of bitcoin. What I think is that demand and supply are two major factors that can change price. Exchanges will not be able to manipulate the bitcoin price, if they do it means exchanges should have prices that is far different from each other.

No, that is really impossible otherwise, Bitcoin becomes centralized. It is a way to think that it can never be changed even we know there are manipulations happening in the market. Whales, rich people are aiming to change the position of the market but still, they fail.
Thus, knowing the real price of Bitcoin in the future can never happen even we use all the tools to make TA and no chance that history repeats itself.

[slaman29]

It doesn't expensive as 51% attack but definitely need few millions of dollars to shatter the trading price because atleast the trade should be executed for 30 to 50K BTC.

When the price increase it becomes impossible that is why people need new strategies to become billionaires.

Haha well of course it is not as expensive, but at one point, 10 million or 100 million makes no difference when the attacker has to consider profit above all (why else to manipulate right?) and it is hard to imagine a scenario where a person has enough to SPEND 10 million and make profit too. But of course I get your point

[el kaka22]

Bitcoin was solely built for the purpose to eliminate the third party and yet we let the third party[i.e. exchanges] decide the price of Bitcoin today.

Bitcoin & Cryptos come with a downside of manipulation

bitcoin wasn't intended to have an intrinsic value of it's own it still relies on fiat to attain a value but your non custodial wallet gives you full privacy to your bitcoin and this non custodial wallet have saved the issues of this third party as most non custodial wallet provide the exact bitcoin prices even  as prices fluctuates

The fiat comparison is not there to make sure bitcoin has a value, fiat itself doesn't have any value, it only has value compared to items you could buy with it. If you spend 999 dollars to buy a phone, you have a vague idea of how much 999 dollars worth, it worths one phone, so if someone asks you 999 dollars for one watermelon you know that it is too much. Without the items you can buy, the fiat that you hold in your hand as banknote has zero value, it only has as much value as the items it can purchase.

Bitcoin is similar, but instead of checking the item per item calculation, we just use fiat which is already doing that and makes it easier for us to calculate the value.

[jhonjhon]

Is there a way to actually predict the price of Bitcoin?

There is no reliable way to predict bitcoin price because bitcoin simply responds to the law of supply and demand.The real price of bitcoin is the price it has at any given moment. If the price of bitcoin is 60k, its users have decided. If it is 50k, its the same thing. Bitcoin is not something predictable,certainly nobody on this forum can predict that for you.

[AicecreaME]

Is there a way to actually predict the price of Bitcoin?

If there is a way, then no traders would have lost their money in Trading. Bitcoin price cannot be predicted accurately, we can only predict what's gonna happen to the market, but still not 100% accurate all of the time, that's why a lot of traders still lose their money on the process of getting to know the cryptocurrency world very well.

The only thing we can do is to ride the trend in order to make profits, not go on the opposite way of the trend.

[tygeade]

Consider an anonymous whale "A" created an order for Bitcoin big enough to be completed exactly at that moment and this data is taken into account with the Institutions, Investors, and especially the EXCHANGEs which in turn creates a fake situation in the market about the demand of Bitcoin which then taken into account by charts, gives us the prediction of the price rising and in turn the order by the whale is not yet completed.

This, in turn, raises the price of Bitcoin, and meanwhile, the order is still not completed, the Whale "A" gets a good position to sell some bitcoins which again dumps the price. Now again the Whale has a good position to Buy the same bitcoin he/she sold at a very lower price.

This is what happens when you have big Bitcoins in your hands.

Aside from this many exchanges also manipulate the price of Bitcoin by creating fake Buy/Sell orders.

How many times we said that bitcoin is not built for eliminating blah blah blah.... in most topics they talk about bitcoin will eliminate cash but here you talk about bitcoin will eliminate exchanges but if there are no exchanges how can people trade their bitcoins?

Okay you can remove centralized exchanges but there are also p2p exchanges and decentralizes exchanges and if an exchange is legit, they wont allow fake trades and manipulation. The price of bitcoin is high because it is already predicted or calculated based on different things like its supply and maybe to some factors that you mentioned above but there is no way to accurately predict its value because it is not stable.

[palle11]

The only thing we can do is to ride the trend in order to make profits, not go on the opposite way of the trend.

You are correct true it is suppose to be is there a way to know the trend or a way to ride the trend because as far bitcoin is, no accurate time for sell or buy is known all is under probability even with the professionals , they look at support and resistance and also they watch and analysis the charts before taking a decision.

[kryptqnick]

Bitcoin has successfully demonstrated that the third party can indeed be eliminated, and it's quite simple to send some BTC from one non-custodial wallet to another. As for the price, some maintain 1 BTC = 1 BTC but I disagree that it's the best way to approach it. Money is defined by its purchasing power, and there's a big difference between affording a pizza for 1 BTC, a good bicycle or a small flat. So the value does matter (it doesn't matter if we measure it in the USD for convenience or not, but taking it into account is very rational). As for manipulations, I don't believe there's enough evidence to prove that big markets like Bitcoin or Ethereum are being manipulated by whales. Sure, there are some media events that seem to trigger FOMO or panic selling from time to time, but it's different from a rich entity pouring money in or out, causing disruptions to the market. And you can believe the price is too much or not high enough, but there's no 'real' price of Bitcoin, and there's no way to predict where the price will go.

[TheUltraElite]

You will never get the right price for Bitcoin because the price of Bitcoin is completely decentralized. Bitcoin prices vary slightly on different exchanges. However, you can visit different exchange sites and find out the exact price.

The price on the exchange is what another buyer on the opposite is offering their bitcoin to be sold at. When these two match the order gets executed. But strictly speaking, this comes to play only when fiat is being used as a mode of payment and thus the price gets quoted in fiat units. 1BTC always remains 1BTC just like 1gm of gold remains 1gm of gold provided there is zero attrition due to chemical reaction.

So there is nothing called right or wrong in terms of bitcoin price. If someone is selling bitcoin for 1$, then the price is one dollar, but why would they do that unless they are being an idiot in terms of making a profit, but it is defenitely possible on an OTC trade done personally.

[GreatArkansas]

In the first place, what is the reason for the OP to know the real price of Bitcoin? Because as we all know, you can't get exact of it since there are a lot of exchanges now or depends on people how much they are selling their Bitcoin.

Another thing is I am curious about some websites like coinmarketcap or coingecko, since these websites are one of the ways to check the price of any cryptocurrency, especially Bitcoin, are these websites used to get the average price of exchanges then the price they will display on their site is the average or what?

[dimonstration]

In the first place, what is the reason for the OP to know the real price of Bitcoin? Because as we all know, you can't get exact of it since there are a lot of exchanges now or depends on people how much they are selling their Bitcoin.

Another thing is I am curious about some websites like coinmarketcap or coingecko, since these websites are one of the ways to check the price of any cryptocurrency, especially Bitcoin, are these websites used to get the average price of exchanges then the price they will display on their site is the average or what?

He wants to determine his imaginary price of Bitcoin without the use of exchange which is absurd to ask because trading is what gives value to Bitcoin so the only way to determine the price of an asset is through the exchange which is the venue for traders to buy and sell there Bitcoin without using escrow.

CoinMarketCap and Coingecko are price aggregator which they gather all the price on the exchange using the API to automatically updates its record and average all the price to get a more stable price display for Bitcoin.

[Hypnosis00]

In the first place, what is the reason for the OP to know the real price of Bitcoin? Because as we all know, you can't get exact of it since there are a lot of exchanges now or depends on people how much they are selling their Bitcoin.

Another thing is I am curious about some websites like coinmarketcap or coingecko, since these websites are one of the ways to check the price of any cryptocurrency, especially Bitcoin, are these websites used to get the average price of exchanges then the price they will display on their site is the average or what?

He wants to determine his imaginary price of Bitcoin without the use of exchange which is absurd to ask because trading is what gives value to Bitcoin so the only way to determine the price of an asset is through the exchange which is the venue for traders to buy and sell there Bitcoin without using escrow.

CoinMarketCap and Coingecko are price aggregator which they gather all the price on the exchange using the API to automatically updates its record and average all the price to get a more stable price display for Bitcoin.

But with the volatility of the market and abrupt changes, even knowing the real price is way impossible as surely it will change from time to time.
Relying upon CMC and Coingecko to know the real price can't assure that it all be reliable unless you are in the focus to exchange as updates can't be done instantly. It was advisable to use the top exchanger if we want to know how the market works and to be more updated than using CMC.

[sana54210]

He wants to determine his imaginary price of Bitcoin without the use of exchange which is absurd to ask because trading is what gives value to Bitcoin so the only way to determine the price of an asset is through the exchange which is the venue for traders to buy and sell there Bitcoin without using escrow.

CoinMarketCap and Coingecko are price aggregator which they gather all the price on the exchange using the API to automatically updates its record and average all the price to get a more stable price display for Bitcoin.

There are not that many things in life that has "real price" by this logic as well. Like what is the "real price" of a brand new iphone? Is it the price that is sold at Apple stores? Is it what Apple pays for sweatshops in China? Is it what the Chinese spend on creating it? What is it? We really can't say what is the "real" price of it.

So, basically everything is worth at what people are willing to pay for it, if nobody (or very little amount) of people were willing to spend $9999 for a brand new iphone, you would drop the price, and if a lot of people are willing to buy at $49 then you increase the price, in the end you would find a price that is both profitable and also not too little or too much. Same goes for bitcoin but in a decentralized manner, whatever people are willing to pay for it, is the true price of bitcoin and that is it.

[wxa7115]

How I wish there will be something that could predict the Bitcoin's price and I owned it. Only me.  There is no need for speculations and prediction anymore. The sad part is there is none and if it really exist then we won't be talking here anymore. Consider it just another coin manipulated by someone else or simply a stable coin.
Would you still buy it? Will it still be a new type of asset? Or you could just save your money in your piggy bank because it's just the same, probably better.

Unfortunately this is not possible, but think about this positively, if you do not have that tool and we know that it s impossible to create it then this means that no one else has it either.

So while the size of our capital can vary all traders and investors are competing under similar circumstances which means that as long as you improve your performance and your ability to predict the markets then you will make money, the markets are the fiercest meritocracy in existence, so as long as you put the effort you will eventually make money, something that is not always true in many other activities.