Topic: Bitcoin Price - page 2. (Read 1398 times)

Yeah indeed, that's just nonsense.

Why would a new coin has good supply and good demand?

today btc price is little bit low

The question is the same as what determines the value of anything. Mentioned above, supply and demand.
Remember, bitcoin is real and therefore has a value.

in a normal environment, buy and sell orders control price a lot

Now the bitcoin in good position, its a good symptom

Demand and supply, as with any other good/stock/currency.

However, BTC is a subject to a lot of manipulation, speculation and rumors that can easily destabilize the market. That's where you get such huge volatility.

BTC is still immature, it's influenced by emotions, hopes and even greed that affect demand&supply levels. No other world currency nor good can go from $60->$1100->$400 in such a short period :-)

I believe this is your answer:

1- Bitcoin is at the moment only a stock (with a potential it may or may not become something else). And as a stock no one (not even the people at the wall street) knows when it goes up or down.

2- Since it works as a stock then it will go up and down with DOW and S&P indexes.

3- Since Bitcoin is a way to cut expenses, Walmart yesterday announced a new way to transfer money to cut customer expenses by 50%, which in turn affected all companies that transfer money (if you want some names of those companies then i would be happy to provide you with some).


People on this forum are more like hobbies. living a dream that's all (probably me too) waiting for one big news release that says all the world will drop all currency and deal with BitCoin and then the price will be come 1 million for each BitCoin.

If you want to know prices fluctuations then you need to do your research that's all and hope for some luck in doing the right decision.

However since BitCoin future is unknown yet, its price is very volatile and this became a great opportunity for many stock trader (and some hobbies) to trade with it and make some money.
Here is my 2 cents again that I learned from etrade.com training video: if people start selling then you want to be a seller, if people start buying then you want to be a buyer, DON'T BE A HERO.


 

Like people have said simple supply and demand and panic sellers/buyers.

demand,demand,demand

bigger the demand bigger the price

lower the demand lower the price

The day u can determine it xactly, the day no1 can stop u t be a millionaire 

The first few days, any coins have good supply and demand & not exist good or bad news.
Increases or decreases OTHER COINS prices depends on what factors?

Price goes down when people panic sell because of bad news, price goes up when many people buy back because of good news.

As others have mentioned, it depends on supply and demand.
And why only Bitcoin? Price of ANYTHING depends on supply and demand. Why is platinum costlier than silver?

Exactly.



Though people perceive info in different ways, a bad news will be perceived as bad for most people, so you could still expect the price to go down if you read a bad news.

It depends on two factors: supply and demand.

How much of each there is is a result of the psychologies of thousands of different individuals, which each react differently to news about bitcoins, changing situations in their own finances, the price movements of bitcoins caused by other individuals, etc. The price is therefore essentially not predictable, nor can one even predict how much of a change a particular large news event will have on the price. This is analogous to pricing of stocks, futures, forex markets, etc, except that in those markets rather than dealing with the psychologies of thousands of individuals you are dealing with the psychologies of millions, which allows statistical analysis techniques to be much more useful.

question is rather strange, can u specify?
chaos theory i would bet

Increases or decreases Bitcoin price depends on what factors?