Supply and demand.
Now watch this thread get rehashed what you answered in 3 words but with life stories connected to it and not forgetting them pweety ittle signatures.
Topic: How the rate of bitcoin is controled? - page 2. (Read 863 times)
Now watch this thread get rehashed what you answered in 3 words but with life stories connected to it and not forgetting them pweety ittle signatures.
Hi
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
No one could control it and no one could able to manipulate its price because movements really depend on the supply and demand of bitcoin.If adoption is increasing and people are already using it then demand do increase and asking for more supply of bitcoin which makes the price increase. All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
Hi
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
Like most of the other assets it depends upon demand (marketcap) and supply (total bitcoin that exist at any time). All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
You can check https://markets.blockchain.info/ where you can see both marketcap and supply of bitcoin, divide marketcap by supply you will get current price per bitcoin.
NOO
the price is based on whats available on exchanges.
not all 16mill coins are on exchanges
it has nothing to do with market cap.
EG an exchange may only have 100k of coins on the order lines. and trades are done based on the coins on the order lines.
the market cap $$ is calculated AFTERWARDS, based on the price of what the small order lines are selling at.. not the other way round
where:
the exchanges indicate the price.
how:
people who have bitcoin sell it for fiat
people who have fiat buy bitcoin
if there is more bitcoin(high supply) the prices are not fought over as much so either stagnate or fall
if there is less bitcoin(high demand) the prices are fought over more so the prices rise.
prices can be artificially held or moved by putting in resistance walls (large orders to scare other traders from going in that direction)
why:
well that is speculation.
sometimes it can be 1 person with a large basket of bitcoins or it could be lots of people with small amounts that can sell to make the price drop due to high supply.
sometimes it can be 1 person with a large amount of fiat or it could be lots of people with small amount of fiat that can sell to make the price rise due to high demand.
at the moment, lets say $1000.. its been noted that true resistance levels (prices people refuse to impact) is around $600ish. the other $400 is the speculative area that can move up or down for any random reason.
no one can predict what the price will be , but some large players can use their funds to cause a price change for no reason anyone else could understand.
the exchanges indicate the price.
how:
people who have bitcoin sell it for fiat
people who have fiat buy bitcoin
if there is more bitcoin(high supply) the prices are not fought over as much so either stagnate or fall
if there is less bitcoin(high demand) the prices are fought over more so the prices rise.
prices can be artificially held or moved by putting in resistance walls (large orders to scare other traders from going in that direction)
why:
well that is speculation.
sometimes it can be 1 person with a large basket of bitcoins or it could be lots of people with small amounts that can sell to make the price drop due to high supply.
sometimes it can be 1 person with a large amount of fiat or it could be lots of people with small amount of fiat that can sell to make the price rise due to high demand.
at the moment, lets say $1000.. its been noted that true resistance levels (prices people refuse to impact) is around $600ish. the other $400 is the speculative area that can move up or down for any random reason.
no one can predict what the price will be , but some large players can use their funds to cause a price change for no reason anyone else could understand.
Hi
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
So you have been on the forum 2 and a half years and you don't know how the value of BTC is created? What am I missing?
? Hi
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
Like most of the other assets it depends upon demand (marketcap) and supply (total bitcoin that exist at any time). All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
You can check https://markets.blockchain.info/ where you can see both marketcap and supply of bitcoin, divide marketcap by supply you will get current price per bitcoin.
Supply and demand.
Hi
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
All in the title, how the rate of bitcoin is controled? Who decide if the rate will be 1000$ or 1$?
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