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Topic: Ask about bitcoin (Read 1756 times)

hero member
Activity: 770
Merit: 500
November 28, 2015, 09:05:49 AM
#27
Just like anything else, Bitcoin is only worth what someone is willing to pay.

Bitcoin exchanges generally determine this rate. Use http://bitcoinaverage.com/ to get an idea on the average global price.
In my opinion, the average price is also just a number so we can look the whole thing not in specific situation. So yeah... it is just a number in average
member
Activity: 90
Merit: 10
November 28, 2015, 07:22:24 AM
#26
Just like anything else, Bitcoin is only worth what someone is willing to pay.

Bitcoin exchanges generally determine this rate. Use http://bitcoinaverage.com/ to get an idea on the average global price.
hero member
Activity: 770
Merit: 500
November 27, 2015, 08:27:08 AM
#25
the price got up a little bit today Grin and got stable there Grin good signs in my opinion
member
Activity: 98
Merit: 10
November 27, 2015, 06:30:53 AM
#24
Now traffic buy / sell BTC increased by 7%
Wow it was incredible
Ayoo more courage to collect coin that could be 1 BTC  Grin Grin
Yes I saw this to, amazing!!
legendary
Activity: 1148
Merit: 1000
November 27, 2015, 06:11:47 AM
#23
It turns out I just know that the BTC traffic to the currency exchange has no effect on the currency itself was influential in the use of BTC. Is not it ? If there is one please help

I'm not sure if that's what you mean but if you asking whether BTC price fluctuations impact people using it, I would say definitely. There are a lot of hardcore believers who would stick with Bitcoin to the end but I think the average user is likely to leave Bitcoin is the price dips below a certain threshold. Other than those who mined the coin in the early days, people who are joining these days are investing their hard earned money into it, of course they gonna be affected if Bitcoin price takes a huge dive.
legendary
Activity: 3248
Merit: 1070
November 27, 2015, 02:45:55 AM
#22
it's because the market is in a heavy speculation phase, when will be in a heavy adoption phase with a very big market cap the price will be more stable for a long time

this does not mean that swings will not happen(gold for example still has its instability phase despite 6T marketcap), but at least you will not see +50% in 3 days or something

what you said is ok but at last you said we will not  see +50% in 3 days how can it be , last month withing 3 days it went above 100%, so it is clear that the market statistics are unpredictable.

yeah , but i was talking what happened in the whole picture, so the final price was +50%

we went from 230 to 460 then 350, which is around 100%--->50%
sr. member
Activity: 812
Merit: 250
November 26, 2015, 08:56:08 PM
#21
Now traffic buy / sell BTC increased by 7%
Wow it was incredible
Ayoo more courage to collect coin that could be 1 BTC  Grin Grin
newbie
Activity: 15
Merit: 0
November 26, 2015, 08:01:57 PM
#20
it's because the market is in a heavy speculation phase, when will be in a heavy adoption phase with a very big market cap the price will be more stable for a long time

this does not mean that swings will not happen(gold for example still has its instability phase despite 6T marketcap), but at least you will not see +50% in 3 days or something

what you said is ok but at last you said we will not  see +50% in 3 days how can it be , last month withing 3 days it went above 100%, so it is clear that the market statistics are unpredictable.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
November 26, 2015, 05:21:44 PM
#19
Bitcoin markets aren't regulated and exchanges can potentially just manipulate the volumes like what the willy bot in mt gox used to do. The price is determined by how much the sellers are willing to sell at and how much the buyers are willing to buy at.

I think that was the case in the history but I am not sure how much is this going on nowadays! OK Chinese volume manipulations are there but they are not manipulating and raising price artificially like Willy the bot did.

You do understand that this is very challenging today when you have about 10 quality exchanges. 2 years ago we pretty much only had Mt gox and stuff like this was much easier to pull off!
legendary
Activity: 1666
Merit: 1001
November 26, 2015, 11:27:03 AM
#18
The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

I think there are many people still not trusted on bitcoin so the price kindda unstable.
It's just like supply and demand that affect bitcoin's value
hero member
Activity: 770
Merit: 500
November 26, 2015, 11:03:42 AM
#17
The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...
I found very good article about why bitcoin is very fluctuative. It write in my local languange, but you can try to translate it with google translate.

Here : http://blog.bitcoin.co.id/mengapa-harga-bitcoin-begitu-fluktuatif/
Well using google translate may end up the original meaning of the article changes Grin
hero member
Activity: 938
Merit: 1000
November 26, 2015, 10:59:44 AM
#16
The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...
I found very good article about why bitcoin is very fluctuative. It write in my local languange, but you can try to translate it with google translate.

Here : http://blog.bitcoin.co.id/mengapa-harga-bitcoin-begitu-fluktuatif/
hero member
Activity: 770
Merit: 500
November 26, 2015, 09:49:12 AM
#15
bitcoin price is usually influenced by economic events because bitcoin is somewhat like gold. People hold it when they go outside and find bad things they tend to sell it and vice versa. You can get bitcoin quite easy I think: buy it, visit faucet, join signature campaign, sell your skill, and mine it!
sr. member
Activity: 812
Merit: 250
November 26, 2015, 09:30:33 AM
#14
It turns out I just know that the BTC traffic to the currency exchange has no effect on the currency itself was influential in the use of BTC. Is not it ? If there is one please help
hero member
Activity: 644
Merit: 500
November 26, 2015, 06:01:59 AM
#13
It goes up and down by a series of factors, but mainly (I think) is the whales, people holding lots and lots of Bitcoin that put them to sell (lowering the price) or hold them (raising it). Although there is quite a bunch of Bitcoins, it is not so hard to influence the market due to it not being so widespread and not being so controlled. It is not as with dollar or another much more wide-spread currency. Fewer people selling or buying are required to made prices move significatively.
Your view is somehow right but Due to anonymous, easy spreadable through worldwide, demand and bankruptcy are making Bitcoins value to move up and If these things reciprocally going means price will go little down.
member
Activity: 103
Merit: 10
November 26, 2015, 05:24:57 AM
#12
Bitcoin markets aren't regulated and exchanges can potentially just manipulate the volumes like what the willy bot in mt gox used to do. The price is determined by how much the sellers are willing to sell at and how much the buyers are willing to buy at.
legendary
Activity: 1554
Merit: 1014
November 25, 2015, 11:43:37 PM
#11
Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

diligent enough to make posts on this forum and while reading something useful to you. if your rank account has gone up, minimal jr.member or member, then you can join the signature campaign Smiley

now you can look for some giveaway in this thread https://bitcointalk.org/index.php?board=71.0 , or rely on your skills
sr. member
Activity: 378
Merit: 250
November 25, 2015, 04:54:29 PM
#10
The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

BTC price is influenced by many things from the old user (that have a great quantity of BTC and wants to sell in way to monetize something) to the events that happen. (see the financial crisis of Cyprus, etc.).
hero member
Activity: 1106
Merit: 638
November 25, 2015, 04:11:06 PM
#9
Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

Must of us acquire bitcoin the old fashioned way...buying them, some times in bulk and other times in smaller increments.

Set goals for yourself and then jump in and join us! There's a lot to learn here, enjoy the reading!
legendary
Activity: 2282
Merit: 1041
November 25, 2015, 11:31:16 AM
#8
The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

although there are ~15million coins in circulation.. only a few thousand coins are in exchanges that would make the difference between $300-$400. or $300-$200.

so it is not like you need to sell/buy 5million-15million coins to cause movements, you only need to spend 5000 coins to move the price by an average of $20. meaning if 25,000 coins was to be bought or sold in any one day the price will move +-$100.

now the more complicated question, why people would suddenly buy or sell..

well there are many reasons.
and if you can find all of the reasons. and know which days that most positive reasons happen at any one time. you can predictably buy, knowing the price will rise to make a profit. when you sell after a rise

and if you can find all of the reasons. and know which days that most negative reasons happen at any one time. you can predictably sell, knowing the price will fall to make a profit. when you buy back more coins after a fall.

but if we all knew these reasons. we would all be able to 'get rich quick'.. so i am sorry to inform you there is no guaranteed evidence of when its best to buy and sell as most evidence of good or bad reasons may turn out to be speculation without bases/facts backing it

Thats a great explanation as to trade or not in the market.
IF lets say some companies are trying to get into bitcoin and so they will demand BTC and will buy maybe thousands, this could cause a sudden rise of value. correct?
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