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Topic: Bitcoin Price (Read 1116 times)

full member
Activity: 280
Merit: 100
November 08, 2018, 07:07:56 AM
#95
     Bitcoin has no value, but users have agreed to give Bitcoin value. With demand and supply, the price will appear and give the correct value, bitcoin has a high value, with many demands. If the demand is high, Bitcoin's price will increase. Let's hope that in the future, other coins will rise to a level of gold, as Bitcoin did, starting from a simple concept.
sr. member
Activity: 2618
Merit: 439
November 08, 2018, 06:32:18 AM
#94
Bitcoin started out as a small project and a small network. What is really hard to understand is how these "Coins" was even worth 1$? How can something have a value when it is not real? How has the price hit 6500$ i mean who decides the price of these coins?
I don't think that it started as a small project by Satoshi. As far as I know, there are old forum is sourceforge meaning he knows what his doing and his project can have a dramatic impact. As for the price, its based on supply and demand, so obviously if there are more demanded then the price will go up there's nothing magical about it. Satoshi envisioned it as a form of micro payment scheme, so definitely it could have values from $1 to $100k.
jr. member
Activity: 210
Merit: 1
A nexgen decentralized ride hailing
November 08, 2018, 06:11:26 AM
#93
I think that the popularity of bitcoin has become after the Internet has become an integral part of our world and almost everyone can use it. With the development of the Internet came to us bitcoin. The price depends on how the governments of the world support it and how much people begin to trust this technology.
member
Activity: 271
Merit: 10
November 08, 2018, 01:31:36 AM
#92
Some trusted sources like bitcointalk have asserted that bitcoins will show signs of improvement later this year or early 2019 in general will not be ascertained. But I was well prepared for the price of bitcoin to increase. Do you believe me?  Grin
full member
Activity: 602
Merit: 100
November 07, 2018, 04:51:57 PM
#91
The most important thing that has a serious impact on the price of bitcoin is how many people are willing to believe in it and invest their money. And also the people who sell it. Both of these nuances determine the current price of bitcoin.
member
Activity: 364
Merit: 10
November 07, 2018, 04:41:46 PM
#90
The price of bitcoin is influenced by many factors - its relevance in the world, how many people invest in it and use it, prohibitions or permits of different countries for its implementation. All this is the development of prices and fluctuations up and down.

full member
Activity: 546
Merit: 102
November 07, 2018, 04:19:10 PM
#89
Bitcoin started out as a small project and a small network. What is really hard to understand is how these "Coins" was even worth 1$? How can something have a value when it is not real? How has the price hit 6500$ i mean who decides the price of these coins?

bitcoin has value because to run a network or mining requires electricity and equipment
bitcoin prices can touch $ 6.5xx and ATH $ 19, xxx because bitcoin has a limited supply
and bitcoin has many advantages as a currency
so no one can decides the price of bitcoin or cryptocurrency it all depends on demand
member
Activity: 308
Merit: 12
November 07, 2018, 04:11:49 PM
#88
It's very simple - the price of bitcoin is determined by investors themselves. The more people invest their money in it, the more people believe in it - the higher the price it becomes.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
November 07, 2018, 03:05:03 PM
#87
Before asking this question, have you ever gave a thought if the fiat currencies are backed by anything? If not then how is the value determined? The value of fiat money comes up because of supply and demand relationship. Since it is not backed by any kind of physical commodity like gold, if people loses faith on fiat currency, then the paper notes will become worthless. Same thing goes for bitcoin. The value is derived because of supply and demand. The value will exist as long as people have faith on it.   
sr. member
Activity: 1092
Merit: 256
November 07, 2018, 02:51:55 PM
#86
Bitcoin started out as a small project and a small network. What is really hard to understand is how these "Coins" was even worth 1$? How can something have a value when it is not real? How has the price hit 6500$ i mean who decides the price of these coins?
all of that because the large volume of demand will make the coin price high, and you can see the total capacity of bitcoin at this time is very large and that is what makes high bitcoin prices
full member
Activity: 286
Merit: 100
Football Marketplace Powered by the Blockchain
November 07, 2018, 02:46:09 PM
#85
Bitcoin price  this days in  Crypto markets are seeing some stability today, with most major coins seeing only minor ups and downs.
hero member
Activity: 1593
Merit: 502
November 07, 2018, 02:00:25 PM
#84
Bitcoin prices are getting better as Bitcoin is reaching $ 6,538 this price today. I think will change in the next few days and Bitcoin can hit $ 8,000 in late November. Good news from the community which it makes Bitcoins become more alive at the end of the year.
newbie
Activity: 29
Merit: 0
November 07, 2018, 01:46:15 PM
#83
In the past time, we have witnessed a process where bitcoin's price has not fluctuated significantly. That may make the market not hot and many investors are worried whether they can lose more or not.
newbie
Activity: 1
Merit: 0
November 07, 2018, 01:30:00 PM
#82
Bitcoin price is determined by same way fiat currency is determine in forex market
jr. member
Activity: 280
Merit: 1
November 07, 2018, 01:25:18 PM
#81
To this day the price of bitcoin continues to hold around $ 6500. And that has happened in the last few months, I hope many people make bitcoin requests, so the price will rise. At least the ideal bitcoin is priced at $ 15k. Only hope to welcome this end of 2018.
member
Activity: 602
Merit: 10
November 07, 2018, 12:51:37 PM
#80
Bitcoin prices are decided from market movements, demand and supply become the process of forming bitcoin prices, with the mass demand it will make the price of bitcoin soar, and the price of bitcoin falls when many sell bitcoin. Demand and supply on the market will continue to spin, and don't worry too much about thinking about it, even though the price of bitcoin falls but bitcoin will increase again.
hero member
Activity: 3052
Merit: 651
November 07, 2018, 12:33:59 PM
#79
You are in the world of internet now.
Maybe that could explain you everything.
Can you touch the internet? It has no physical attribute and yet it is now one of the most important thing or whatever they call it in one house, company and individual. Why is that?

It doesnt matter now if you see it or not or feel it. It aint the stone age anymore. We should just go with the flow of technology.
I hope that explains everything.
sr. member
Activity: 854
Merit: 250
November 07, 2018, 12:28:21 PM
#78
A lot of demand on bitcoin is increasing but the offer for bitcoin is running low and that is what causes prices to continue to soar, so if we hope that bitcoin will continue to rise then maybe choosing to hold will help to raise prices.
full member
Activity: 457
Merit: 100
November 07, 2018, 10:58:18 AM
#77
in my opinion, it depends on the demand of the two people who want to invest in bitcoin. if both of them do agree, maybe bitcoin can be offered at a high price. it all depends on the two people who want to sell it.
member
Activity: 328
Merit: 10
www.daxico.com
November 07, 2018, 05:14:01 AM
#76
Bitcoin price is base on simple economic principle of demand and supply. The supply of bitcoin is limited and the demand keep increasing. This result in the higher price set be those willing to sell it to traders that nee it.
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