i think that people themselves make the bitcoin price and no governments can have any decent impact on the price and it is a really good thing to be honest that it is not centralized
i think that bitcoin is a really good currency because of the decentralization aspect as it cannot be impacted in a bad way and people can be their own banks when it comes to bitcoin
Topic: Bitcoin price? Who is making it? - page 8. (Read 7397 times)
well, there is an exchanger cartel. The biggest ones agreed to collaborate each other and here we are. It is the same BTC price despite the fact that BTC is NOT a centralized market. IT IS NOT possible a such thing while there is not any central authority. 
example : Coinbase and Bistamp are very tightly coupled. They have the same shareholders
Look to ALL the biggest exchangers and you will see a similar price even it's from Singapore, China, USA or Europe... HOW IS it possible if there is no cartel?
example : Coinbase and Bistamp are very tightly coupled. They have the same shareholders
Look to ALL the biggest exchangers and you will see a similar price even it's from Singapore, China, USA or Europe... HOW IS it possible if there is no cartel?
All forex is decentralised. Try buying GBP in Singapore, China, the USA or Europe and you'll see a similar price.
The reason prices are similar is due to arbitrage: if 1 GBP costs less in Singapore than it does in China, arbitrageurs will buy GBP in Singapore and sell it in China. The same thing happens with BTC.
I'm not saying that there isn't a cartel operating, I really don't don't know. But this isn't evidence of it.
well, there is an exchanger cartel. The biggest ones agreed to collaborate each other and here we are. It is the same BTC price despite the fact that BTC is NOT a centralized market. IT IS NOT possible a such thing while there is not any central authority.
example : Coinbase and Bistamp are very tightly coupled. They have the same shareholders
Look to ALL the biggest exchangers and you will see a similar price even it's from Singapore, China, USA or Europe... HOW IS it possible if there is no cartel?
example : Coinbase and Bistamp are very tightly coupled. They have the same shareholders
Look to ALL the biggest exchangers and you will see a similar price even it's from Singapore, China, USA or Europe... HOW IS it possible if there is no cartel?
In a word... ARBITRAGE.
Quote from: Investopedia
What is 'Arbitrage'?
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Honestly I dont see anyone doing this arbitrage.
Unless they have a friend overseas or something with the china exchanges and for one can collaberate to sell back to u.s markets.
Selling one market to the next is harder then it sounds.
A few years ago there were big differences in price between exchanges and arbitrage was a lot more common.
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
its supply demand and SpeculationSpeculation has the most impact on moondollars price
first its a money and all monies only have value because everyone believe they do ( this is pure speculation )
second its not clear what is a "uᴉoɔʇᴉq", digital gold? settlement layer? digital cash? what is it? how knows! ( this is pure speculation )
third its pretty clear the uᴉoɔʇᴉq ecosystem has not fully matured and the exception is that it will get better and better ( this is pure speculation )
speculation is the driving force behind moondollars price.
and supply demand is actually a function of speculation, poeple speculate moondollars will hold value and so they use it to transact.
Quote
How is it made the uᴉoɔʇᴉq price?
millions of poeple Speculating. even now china manipulate uᴉoɔʇᴉq price but i think they not full control uᴉoɔʇᴉq market at least trader from china can't settle price.
when 10 million poeple hit buy with 12$ they lose control instantly.
there is no "control" over markets, best you can really do is short term manipulation with a good chance of getting fucked.
even now china manipulate bitcoin price but i think they not full control bitcoin market at least trader from china can't settle price.
for the price of BTC to stop being so "volatile" it needs at least some more Billions USD in market cap, at 6 billion it is still a small market.
People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.
this view is a bit skewed. but intially the right view just not as accurate as you made it sound to be.
If people who have the most bitcoin sold all their coins then yeah. But when other buyers who have the same ability to buy w. a same purchasing power who isnt involved in bitcoin makes a buy order it matches their supply.
So intially if they do sell it wouldnt effect the price since the other same big buy order matches up to it.
In a word... ARBITRAGE.
Quote from: Investopedia
What is 'Arbitrage'?
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Honestly I dont see anyone doing this arbitrage.
Unless they have a friend overseas or something with the china exchanges and for one can collaberate to sell back to u.s markets.
Selling one market to the next is harder then it sounds.
We are making it by ourselves, we are buying and selling and we all together are making the price.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.
Less than 1% of the traders control the entire Bitcoin price. The average traders can only impact the price by massively panic buying/selling. If it isn't with big numbers, there will be no impact on the price from regular people.
In a word... ARBITRAGE.
Quote from: Investopedia
What is 'Arbitrage'?
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
We are making it by ourselves, we are buying and selling and we all together are making the price.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.
You also got traders and all kind of people that have influence on the bitcoin price itself by selling and buying like every other currency.
People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.
thats true, its a bit sad for me to see that the price right now is controlled by the ones who have a lot of money and can have impactpretty same system is right now with banks as ordinary people can not have any impact on currency prices
people themselves are making it right now because it depends on the selling and buying offers only and nothing else
to be honest thats why i like bitcoin that much, i believe that its really good that people can control the price and not banks or governments
to be honest thats why i like bitcoin that much, i believe that its really good that people can control the price and not banks or governments
People who have the most bitcoin are the ones that are making the price. If they decide to hold, then the price holds or goes up. If they decide to sell, they lower the price.
As far as i know its depends in trading and exchange site and its depends in demand and supply that makes the price low or high..
If more supply from the market and less demand the price should be low...
If more supply from the market and less demand the price should be low...
the exchanger's robots are the ones who are manipulating the price. just like MTgox did it.
same "Willy bot"
same "Willy bot"
which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.
The user affect to the price of bitcoin is quite small but the majority of price movement which a sudden jump from 10-100$ add in value of bitcoin i caused by whales.
Yes,whales are really the main source why the price of bitcoin can suddenly jump to a high price or go down rapidly.
which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.
The user affect to the price of bitcoin is quite small but the majority of price movement which a sudden jump from 10-100$ add in value of bitcoin i caused by whales.
Jump to: