Bitcoin Price - page 4. | Bitcointalksearch.org

tegarp90

full member

Activity: 546

Merit: 100

Quote from: Cryptopotato021 on October 31, 2018, 01:24:43 PM

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?

No one decides but it has demands and supply.
Everything that has limited supply and high demand will always have a high value

metalglowd

member

Activity: 546

Merit: 10

💲 EMIREX EXCHANGE 💲

Quote from: Cryptopotato021 on October 31, 2018, 01:24:43 PM

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?

the one who determines is that they have the coin, each individual has the right to determine the price even though the price does not match them. (too cheap). Suppy, partnership and also project ideas are other requirements. And sadly, most people didnt give any respect to the price at the first sale.

dupee419

sr. member

Activity: 1344

Merit: 261

It's quite hard to determine the price at its current point, no one can hardly deter if it will go up or it will go down, however, and as with the replies above, there are lots of rumors regarding on why and what could the possible outcome be at the end of the month. It is simply by studying economics, you'll have an idea on how they actually deter the price, simple as that.

nebuch

member

Activity: 588

Merit: 11

Quote from: Cryptopotato021 on October 31, 2018, 01:24:43 PM

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?

Who told you bitcoin is not real? If you are spreading garbage idea I suggest, it would be better to keep in touch to bitcoin news daily. The people who are successful because of bitcoin. Huge withdrawal of money from bitcoin. Then now how can we say bitcoin is not real?

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: Cryptopotato021 on October 31, 2018, 02:00:48 PM

Guys,
Imagine this situation. Let's say Person A puts a sell order at 6500$ and Person B Pays 6500$ and buys the bitcoin so the value of that bitcoin now is 6500$ but why would everyone else in the world accept the value of the coin to be 6500$? Not able to understand this!

It is quite easy to understand, someone accepted the price value of bitcoin as it is so they bought it at that price. It does not need to be accepted by everyone else, since not everyone will buy bitcoin. It only needs to be accepted by the one who is interested and willing to pay in that price. In short, the market determine the price of bitcoin and does not need everyone to accept it.

YOSHIE

legendary

Activity: 2128

Merit: 1775

The first thing you should know is that the way the Bitcoin price movements work is the same as currencies or other objects.
Example:
today maybe you will pay with 10 sheets of your local currency, but the next day can be 11 or 9.
Bitcoin works exactly like that.
You can imagine it like any other type of currency than you have now.
So the price of Bitcoin depends on how much the cryptocurrency market is buyers and sellers.

MAJICOIN

full member

Activity: 364

Merit: 100

A lot of question answers session and many posts i have read about bitcoin prediction and it's price history but one thing which surprised me that is bitcoin is still in the interest of the people and they are using it for many transaction while i hope that crypto is the word pf mouth for every one and we can use it as general money if we have extra money it is the time to buy crypto with that and forget about it after three years your investment will sure makes you millionaire.

osmo

full member

Activity: 392

Merit: 100

Many people wonder how the price of Bitcoin is determined. First of all, know that the workings of Bitcoin price movements are the same as currencies. no one controls the price of bitcoin, the price of bitcoin depends on the supply and demand on the market

nicko122

jr. member

Activity: 462

Merit: 1

The rise in Bitcoin prices can be called one of the phenomena of recent years. At the same time, people themselves determine its price. Popularity grows, the price increases, popularity or faith in the coin falls, the price falls.

Memeicomel

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Activity: 448

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Dilerium90 on October 31, 2018, 01:48:59 PM

Quote from: Cryptopotato021 on October 31, 2018, 01:24:43 PM

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?

Market always decides the price of these coins. That is, the total number of people who know about Bitcoin and are involved in trading. The beauty of digital currency is that no one knows its true value. We approximately know how much it costs 1 $ or 1 euro and how 1 $ relates to 1 euro, but the price of cryptocurrency is so exciting that it is ideal for speculation.

see the development of the previous year year Bitcoin many showing the improvement is pretty good and produce prices that continue to rise. the price of the Bitcoin continues to undergo development which makes it a very nice coin to take precedence. among the many coins present Bitcoin became the most high-priced coins.

bdc2343

member

Activity: 296

Merit: 10

The price of bitcoin is currently very low with no sign of rising, it may also decrease later this year. But your mind will not be that much $ 1, and the price of the BTC depends on the people who are bitcoin and are in the market.

treatWy

jr. member

Activity: 308

Merit: 5

Maybe I would harshly say something for you,
WHY NOT READ MORE ABOUT THE BASIC FUNDAMENTAL OF BITCOIN?
probably you will help to spread good ideas to someone else or in this forum.

idontcare

member

Activity: 363

Merit: 10

The price of bitcoin is not dependent on a human being, or an individual organization. The price of the BTC depends on all of us, who hold the money. And these people can make bitcoin changes in the not so distant future.

andylioe78

member

Activity: 267

Merit: 10

Bitcoin prices are influenced by the demand and supply of coins on the cryptocurrency market. the biggest bitcoin price is reaching $ 20,000 last year. Bitcoin is not a legitimate payment instrument or physical money but can be transferred from each bitcoin wallet through blockchain technology.

cizatext

member

Activity: 952

Merit: 41

Bitcoin is a very essential commodity and it demands is what always result to it price, so seeing bitcoin at a high price means that great number of people are demanding for it. Bitcoin has perform a great deal of services which is very essential to this generation and at that weither it have physical value or not it will still be relevant since it is design to operate without any physical value but in digital form.

Jocuserious

sr. member

Activity: 1936

Merit: 290

Actually it has depends supply and demand basically I have to check marketcap day by day supply decrease huge in this year 2018.even trusty crypto market not stable so decrease/increase is the real crypto history.but I will can be change anything just need to panic time(confidence).

burky156

full member

Activity: 658

Merit: 112

Sometimes i say myself about the bitcoin and the cryptocurrency; this is a big mystery or who is in charge about all the story. Also Mr. Satoshi is missing too, so there should be something weird. But at the end of the day the bitcoin stays with us, and the market is growing. So i can say that it is going on unsurprisingly, that means some one knows something..

Farahtenan

member

Activity: 420

Merit: 10

Every news related to bitcoin always gives an influence on the price of bitcoin, this is what can influence the ups and downs of value. The requests and offers that are delivered can also be influential so it is important to know that all of this is very related.

xtrump101

member

Activity: 267

Merit: 11

$onion

Quote from: Cryptopotato021 on October 31, 2018, 02:00:48 PM

Guys,
Imagine this situation. Let's say Person A puts a sell order at 6500$ and Person B Pays 6500$ and buys the bitcoin so the value of that bitcoin now is 6500$ but why would everyone else in the world accept the value of the coin to be 6500$? Not able to understand this!

i dont understant also your point, and i dont understand why you cant understand this lol, its very simple the market decides the price, its the law of supply and demand if you can remember it in your elementary days lessons,

becak mesin

jr. member

Activity: 163

Merit: 1

I ever have a thought such as this. Howe is bitcoin becoming valuable even extremely high than real currency such as USD or other official currency, indeed it doesn't has a physical form. Many people reason such for the decentralized system, runs on digital, pear to pear transactions, high demand on Bitcoin itself, but those all are like not reasonable because do people think that real fiat or money is also high demand.

Topic: Bitcoin Price - page 4. (Read 1116 times)