Topic: Bitcoin price, am I right? (Read 775 times)
Yes, in a simple way the one that drive the price is the supply and demand, when there are more demand then the price will go up, but in reality there are so many things that could affect the demand and supply, like news or whales, the one that you need to learn is how the market move
You understood it right, it's based on supply and demand and people are investing here because it's expected that crypto will grow and will increase its demand long run. Also, we have to consider the possibility of loss coins that will lessen the supply in circulation, and those holders that are not selling which would also help the price to even rise more, therefore I suggest to invest in bitcoin as it's the best coin in the crypto space.
It made allot of people so rich and there is no doubt in crypto that price will be high one day. Because of crypto volatile nature I believed in unexpected increase of prices. It is all about the holders of crypto which makes them to become successful investor but holding should include profitable result on case of holding.
Returns since 2013 in bitcoin are not that impressive if you think about it. If someone bought in at $1000 and held they are up 10x rn. There are hundreds of stocks that have gone up way more than 10x in the last 5-6 years during this stock market bull run. And that is with an unlimited supply of each and every stock.For the risk and scarcity the price of bitcoin right now should be $50000 minimum. $10k is a joke.
that is not true, logically, if bitcoin always rises when people invest, many people have become rich and successful in this country
Bitcoin value will keeps on rising if there's more demands from the market, but like what you have said the market is not like that there's buy and sell things that's needed to consider while investing around this industry, you have to learn all the basics and keep it in mind that with volatile market the risk is much higher than you expected it.It might looks highly risk but if we are going to hold it longer then we may feel safer.
Exactly, it's based on supply and demand and that's the nature of crypto assets, except those stable coins.
Bitcoin has a high demand now compared to the entire market of altcoins, it's currently holding a dominant rate of 68% as of this time and that makes investors of bitcoin profitable over investors of altcoins. However, since you are not in the early stage of investment, you should also consider doing the right timing when you enter and buy.
Bitcoin has a high demand now compared to the entire market of altcoins, it's currently holding a dominant rate of 68% as of this time and that makes investors of bitcoin profitable over investors of altcoins. However, since you are not in the early stage of investment, you should also consider doing the right timing when you enter and buy.
totally right, this is how every market works. i have read that there is only 1 mio btc really in trades on exchanges, rest is holded. also keep in mind that 5 or 6 million btc are gone forever cause of lost of private keys.
In my opinion the price of bitcoin is the same as the market price in general because it is determined by demand and supply, although behind Bitcoin there are investors who play a little so that the price of bitcoin becomes cheap or expensive, maybe in a fairly simple way for example by buying bitcoin in quantities many so that prices are expensive, and sell massively so prices fall
Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.
It’s vary from supply and demand the more demands the price increase. People attracts to bitcoin because of it’s benefits can get and the return of profit when investing. With the fiat money indeed it has many factors that differ from btc. So basically the demands were btc price is increasing. 
Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.
Yes it's just easy as that the more people wants to buy bitcoins the higher the price it will get and the more people wanted to sell it the lower the price it will get. But I may say this to you that it's not always like that the market are volatile just like the price of the coins and there are times that even though there are many sellers the price still gets higher and vise versa, soon when you enter the trading industry you'll experience this.
Actually basic market knowledge is like that, but there are thousands of aspects that affect the market and demand. what makes the demand go up, what makes the supply excess there are many reasons behind it. I say that bitcoin market is not only about demand and supply, fluctuations that are sometimes unpredictable, and so on. there are still many other things you must learn dude. 
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Yeah mate. You got it right.
Bitcoin follows the policy of supply and demand.
So if the demand is high, supply will be less, for which the price will definitely go up.
This thing is also termed as marketcap or trading volume.
I would suggest you to do a more research on bitcoin trading, before investing any amount in it.
We all need to understand that Bitcoin has a limit of 21 million. So supply and demand plus the inflationary nature of Bitcoin makes it a good asset and as we see in the first 10 years along, it did reach a major milestone hitting almost $20,000 is 2017.
And in the next 10 years or so it is expected that the price will continue to grow as the rate of new Bitcoin being mine are going to slow down and the demand will obviously goes up as well.
And in the next 10 years or so it is expected that the price will continue to grow as the rate of new Bitcoin being mine are going to slow down and the demand will obviously goes up as well.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Basically, yes. Not just in bitcoin but for the whole market. We are talking about Economics 101 here. . . .
Just the simple demand-supply situation, indeed. When demand goes up (but limited supply), price tends to go up. This works on every aspect of the market in general.
And I would just like to commend your attitude about learning how things go around here in crypto world. Just keep it up because you're in the right place in learning what you need to know.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Basically, yes. Not just in bitcoin but for the whole market. We are talking about Economics 101 here.
Before going on long writing for a much detailed explanation, what's the next question?
I saw your other created topic after this but somehow, it's more of a new subject so I guess that's not your follow-up concern.
Reading through people's comments, I am sure you might have understand all you need to know, OP.
Aside following the rule of supply and demand, Bitcoin price is also affected by FOMO and FUDs which has to do with investor's emotions and how they perceive it and react to it.
That been said, check out this articles to understand more; https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Aside following the rule of supply and demand, Bitcoin price is also affected by FOMO and FUDs which has to do with investor's emotions and how they perceive it and react to it.
That been said, check out this articles to understand more; https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
I would say that supply and demand works as an overall framework to understand the way price action moves longer term for sure.
But you might want to complement that understanding with how the price was first established and that was an approximate cost of electricity needed to generate a single bitcoin.
I still believe some cost plays into pric even today. Miners, at least the organised ones, still feel they have to set a floor price to at least break even.
But you might want to complement that understanding with how the price was first established and that was an approximate cost of electricity needed to generate a single bitcoin.
I still believe some cost plays into pric even today. Miners, at least the organised ones, still feel they have to set a floor price to at least break even.
Bitcoin is mostly transactional and its customers arent great wealth holders in general, people do hold it because its a growth asset and cutting edge but the back bone of this BTC price is if a greater number of people are doing transactions this year then the previous years.
If more people do transactions even though they are spending BTC, it becomes a currency with a higher monetary velocity and the worth expands to match the worth found in deals done the world over, ie. I see it as useful and so justifying worth at that point. To some extent the customers will keep some change in their wallets so holding is increasing.
Other major currencies of the world do have giant holders, central banks who store it as an asset and so BTC is not in the same league as those conventional holdings.
If more people do transactions even though they are spending BTC, it becomes a currency with a higher monetary velocity and the worth expands to match the worth found in deals done the world over, ie. I see it as useful and so justifying worth at that point. To some extent the customers will keep some change in their wallets so holding is increasing.
Other major currencies of the world do have giant holders, central banks who store it as an asset and so BTC is not in the same league as those conventional holdings.
that is easy of course the answer is correct when more people buy, prices will rise and vice versa, you should write the next question and some people will answer.if you are still learning, read more about bitcoin if there is free time.because there are several factors that can influence the movement of the price of bitcoin like good news about bitcoin then it can encourage people to buy bitcoin.
Have you read an article or another source to know about bitcoin? If you have I suggest to you for read all of them, don't just cut some parts that you think are interesting. I believe if you read and try to understand you won't choose such this question. Maybe your question will be deeper either technically or fundamentally. Bitcoin price is depend on supply and demand, hopefully you have understood the concept of them. So as you will find more about some factor who will makes bitcoin price up and bitcoin price down.
You are on track. Except that you forgot to mention supply. In any market (including cryptocurrency), variation of price of product (like Bitcoin) is as a result of the forces of demand and supply. The supply of Bitcoin is limited, and one can say it reduces everyday as some people do lose access to their bitcoin.
As more use cases of bitcoin comes, so will the demand for the it. While that demand is increasing, so will the value/price of Bitcoin.
Do note that sometimes, some people(they call them whales) just demands for bitcoin in huge amount just to allow Bitcoin increase in value, and then sell in no time.
We all keep learning. Next question?
As more use cases of bitcoin comes, so will the demand for the it. While that demand is increasing, so will the value/price of Bitcoin.
Do note that sometimes, some people(they call them whales) just demands for bitcoin in huge amount just to allow Bitcoin increase in value, and then sell in no time.
We all keep learning. Next question?
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