Bitcoin price? Who is making it? - page 6.

mayax

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Quote from: Xmaseven on May 21, 2016, 12:17:27 PM

Quote from: mayax on May 19, 2016, 05:48:52 AM

Quote from: ultimatesky on May 18, 2016, 03:58:07 AM

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones .

it's so simple to manipulate the price.

Xmaseven

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Quote from: mayax on May 19, 2016, 05:48:52 AM

Quote from: ultimatesky on May 18, 2016, 03:58:07 AM

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

Doomer

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Rider of comets, and brother to the nebulae

You should have more confidence in the technology, the applications and the adoption in the society.
Bitcoin is not just speculation and trading.

Bitcoin has actual usage. Thousands of shops, physical and eshops, and e-services, accept Bitcoin. OpenBazaar. Steam. (The two latter big ones, just this month.) Debit cards (Visa/Mastercard, filled with Bitcoins, edited by Coinbase, Spectrocoin, e-coin etc.) And much more.

Yes, there are bi challenges for Bitcoin in the near and in the more distant future, and it has to respond. But I think it's here to stay and evolve.

safari88

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likely that makes the price is whales of bitcoin. because most only those who can make and move prices.

mayax

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Quote from: ultimatesky on May 18, 2016, 03:58:07 AM

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple

ultimatesky

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SkyFall

No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

crossabdd

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no control bitcoin, so that I think all users bitcoin makes prices move, and this is just my opinion

amacar2

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Quote from: mayax on January 16, 2016, 08:07:53 AM

How is it made the Bitcoin price?

How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?

Can someone explain ?

Arbitage trading always occur due to this factor and it is simple concept like nobody will be willing to sell their coin in less that the market value. So i think those price are not made my exchanger, it is determined by all traders while as some whales can manipulate the price easily with their money.

1Referee

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Quote from: mayax on May 16, 2016, 05:09:22 AM

Quote from: romero121 on May 04, 2016, 12:25:12 PM

Quote from: Lokfar on May 04, 2016, 04:28:00 AM

No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.

I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability.

the price is made by the exchanger's cartel with the help of their BOTS

I do believe that the major Chinese exchanges are heavily involved in the mining industry and thus will not allow the market to crash to certain very low levels. BTCChina is well known for also having a mining pool, but Huobi and OKCoin are also having big interests in Chinese pools, but more behind the scenes.

mayax

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Quote from: romero121 on May 04, 2016, 12:25:12 PM

Quote from: Lokfar on May 04, 2016, 04:28:00 AM

No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.

I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability.

the price is made by the exchanger's cartel with the help of their BOTS

romero121

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Quote from: Lokfar on May 04, 2016, 04:28:00 AM

No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.

I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability.

Lokfar

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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.

mayax

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Quote from: jackg on May 03, 2016, 03:18:10 PM

Live Bitcoin prices are based on either the minimum or maximum value of the bBitcoin price.

I think that some sites simply try to compete with others to get the best Bitcoin price whilst still making a profit.

Sites like YObit sell bitcoins at a cheaper rate as they are just an exchange to allow for an escrow between the buyers and sellers.
Sites like Coinbase have higher prices as they are more trusted and won't (or at least shouldn't) run away withyour Bitcoins as they are more trustworthy.

It's almost the same. it's not half from Coinbase and others.

jackg

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https://bit.ly/387FXHi lightning theory

Live Bitcoin prices are based on either the minimum or maximum value of the bBitcoin price.

I think that some sites simply try to compete with others to get the best Bitcoin price whilst still making a profit.

Sites like YObit sell bitcoins at a cheaper rate as they are just an exchange to allow for an escrow between the buyers and sellers.
Sites like Coinbase have higher prices as they are more trusted and won't (or at least shouldn't) run away withyour Bitcoins as they are more trustworthy.

mayax

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Quote from: Altynbekova on May 03, 2016, 03:10:47 PM

We ourselves are making it so that is a good question but its also simple to answer it, we are making the bitcoin it its now.
The price is coming from selling and buying the bitcoin itself.

Yes, this is the way in a normal market. All the exchangers are using trading bots who are making a lot of fake transactions so that it appear to have a lot of customers. What you don't see, it's the IN and OUT transactions. None of these exchangers are showing them. Why?

Remember how MTGox manipulated the whole market with their Willy bot and it only owned 75% at that time.... Okcoin has 90%

Altynbekova

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We ourselves are making it so that is a good question but its also simple to answer it, we are making the bitcoin it its now.
The price is coming from selling and buying the bitcoin itself.

mayax

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Quote from: pissedoff on May 03, 2016, 03:01:20 PM

Quote from: mayax on May 03, 2016, 02:58:09 PM

Quote from: Jmild1 on May 03, 2016, 02:42:40 PM

Quote from: MoneyChanger on April 29, 2016, 11:26:18 AM

Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.

Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family.

it can be manipulated by a cartel of exchangers and IT IS.

The so called "whales" are few. The price is made by 4-5 exchangers

There are many whales.
4-5 exchanges cannot control the majority of the bitcoin trading volume.

Yes, they can. Example: OKCOIN controls 90% from all the exchanges(volume) and along with Bistamp, Coinbase, Bitfinex and BTC China, control 99%. It's so easy to manipulate the price with the bots

pissedoff

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Quote from: mayax on May 03, 2016, 02:58:09 PM

Quote from: Jmild1 on May 03, 2016, 02:42:40 PM

Quote from: MoneyChanger on April 29, 2016, 11:26:18 AM

Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.

Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family.

it can be manipulated by a cartel of exchangers and IT IS.

The so called "whales" are few. The price is made by 4-5 exchangers

There are many whales.
4-5 exchanges cannot control the majority of the bitcoin trading volume.

mayax

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Quote from: Jmild1 on May 03, 2016, 02:42:40 PM

Quote from: MoneyChanger on April 29, 2016, 11:26:18 AM

Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.

Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family.

it can be manipulated by a cartel of exchangers and IT IS.

The so called "whales" are few. The price is made by 4-5 exchangers

Jmild1

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Quote from: MoneyChanger on April 29, 2016, 11:26:18 AM

Yes price is directly proportional to demand, but it is determined by big whales, and their big walls can
encourage us to buy or to sell, plus they speculate on major social network so that is how price is created..
Demand is only used by whales for hype.

Do you really think this high value per bitcoin can still be manipulated by a single person? It might be possible if it was Bill gates or the Rothschild family.

Topic: Bitcoin price? Who is making it? - page 6. (Read 7395 times)