Topic: Bitcoin price, am I right? - page 3. (Read 816 times)
The price of coins is dependant on demand and supply. If a lot of people want to buy Bitcoin, but the supply is smaller, the price increases and vice versa. That is why people are encouraged to Hold Bitcoin, that way the price will definitely rise.
Yes that's right it is determined by demand and supply so the law of it applies. And that's why it is so volatile and there's no way to be sure on what's going to be the next price of bitcoin if ever you want to find it out.
What's going to be your next question?
What's going to be your next question?
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?
Just like pretty much everything else: if there is a lot of whatever it is (bottles of water) or little demand (used diapers) the price is inexpensive, and vice versa if there is little of it (e.g. gold) or lots of demand (e.g. front row concert tickets), then the price will be high.
Its correct demand and supply gives the price fluctuations in the market for every cryptocurrencies. So we need to understand when the marketplace value will increase and decrease and why it is happening.
just be attention on beginners and help board to learn more about Bitcoin and its technology.
just be attention on beginners and help board to learn more about Bitcoin and its technology.
You are new in bitcoin and you already more concerned about price instead of the btc technology, between i really can not point out what exactly it is you are asking for, the higher the demand, the higher should be the price in the principle of demand and supply but you can't really be too sure because of market manipulations.
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?
This is a basic rule of everything actually. It is the famous Supply and Demand model. Basically yes, this affects bitcoin price, but as any other commodity in the market, other factors can also influence its price.
On a long term basis, the price will tend to go up, but it should go up slower and slower as the years and decades pass. This is because the thing people use to compare value loses value yearly by (foolish) anti-deflation policies of countries who just can't bother to read the Austrian economists and are scared of deflation, which Bitcoin is designed to be.
So all things equal (say in 100 years), if you then always moved all your money into Bitcoin, it would "earn" 2%, but that is actually everyone else inflating at least 2%.
Think of it as if you today moved all your money into gold, and only at the moment you were to buy something, changed only the minimal amount needed to purchase things (because the shop won't take your grams of gold directly). Of course real gold is a hassle to deal with. Bitcoin actually makes things easier.
I guess Digital Gold is an ok analogy.
it is correct but two things i would add. it is a very simplified view of the price and also it is a global rule called "supply and demand". it works for everything, from a cup of coffee you buy to a Lamborghini. you can read more about it here: https://www.investopedia.com/terms/l/law-of-supply-demand.asp
basically it talks about the relationship between supply (the number of coins available to buy) and demand (the number of users buying bitcoin). to define it, we usually keep one fixed and talk about changes in the other, like saying if demand stays the same and supply increases then price should come down.
basically it talks about the relationship between supply (the number of coins available to buy) and demand (the number of users buying bitcoin). to define it, we usually keep one fixed and talk about changes in the other, like saying if demand stays the same and supply increases then price should come down.
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?
Learning a new things is good and I'm also a learner. By the way, just follow the instructions and read all the thread to know and do some research about crypto currency.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?
The price of Btc fully depends on its demand. The more it increases, the higher the price and go the moon as a trading language.
First of all, know about more specifically and then when you will able to join in trading then you will know more deeply about currencies price such as Btc or other altcoin.
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.
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?
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