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theduluthdude (OP)
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August 18, 2014, 01:21:56 AM
 #1
How exactly is the value of a bit coin decided?
How can the Bitcoin system be changed?
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twiifm
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August 18, 2014, 01:23:54 AM
 #2
Its just speculation.  Whatever somebody wants to pay
theduluthdude (OP)
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August 18, 2014, 01:29:37 AM
 #3
so like the value of real money
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August 18, 2014, 02:01:35 AM
 #4
Quote from: theduluthdude on August 18, 2014, 01:21:56 AM
How exactly is the value of a bit coin decided?
by supply and demand on the various exchanges. It is done is very similar ways that prices of stocks are "decided" on the stock market.
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August 18, 2014, 02:13:57 AM
 #5
Quote from: theduluthdude on August 18, 2014, 01:21:56 AM
How exactly is the value of a bit coin decided?

Supply, demand and the intrinsic value of bitcoin... If the difficulty keep going up then the intrinsic value would be really high...

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privateKEY
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August 18, 2014, 02:24:18 AM
 #6
Quote from: namedomain on August 18, 2014, 02:01:35 AM
Quote from: theduluthdude on August 18, 2014, 01:21:56 AM
How exactly is the value of a bit coin decided?
by supply and demand on the various exchanges. It is done is very similar ways that prices of stocks are "decided" on the stock market.
This is correct. It is the "market" that prices the value of bitcoin in a similar way that it determines the value of anything else that is freely traded.
arbitrage001
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August 18, 2014, 02:35:55 AM
 #7
Quote from: Gumbork on August 18, 2014, 02:13:57 AM
Quote from: theduluthdude on August 18, 2014, 01:21:56 AM
How exactly is the value of a bit coin decided?

Supply, demand and the intrinsic value of bitcoin... If the difficulty keep going up then the intrinsic value would be really high...

Bitcoin has no intrinsic value. While it has production cost, the value is derived from free market force alone.
richardramirez9
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August 18, 2014, 09:17:30 AM
 #8
Value is derived from supply and demand pretty much always.
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August 18, 2014, 03:47:12 PM
 #9
Quote from: theduluthdude on August 18, 2014, 01:21:56 AM
How exactly is the value of a bit coin decided?

supply and demand as any other price.
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August 18, 2014, 06:03:26 PM
 #10
supply and demand for now, this is the reason why bitcoin is stagnant, wait for paypal/amazon, in that case will not be only supply and demand, not only a speculative thing
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howaboutya
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August 18, 2014, 06:14:28 PM
 #11
If you look in some exchange website you will find several buy and sell orders, they decide the value.
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