The Factors of Demand and supply - page 2.

usorin

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

This is an economy principal. Without demand there will be no supply.

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Is there any product that isn't affected by demand and supply? That is just a normal and cryptocurrency is not an exception, it is also being affected by it. Since you already knows the factors of demand and supply ,you should also know how it works, does the factors can increase in demand and when the demand for cryptocurrency is high, the price will also be high and when the demand is low, price follows it down. It's as simple as that.

Quote from: eann014 on March 22, 2019, 08:00:03 AM

the price of bitcoin is determined by the factors of demand and supply, if there is a lot of demand like investors, buyers, traders, and miners with bitcoin for sure the value of bitcoin will also increase.

Demand and supply can make the price of anything to either go up or down. But this one of cryptocurrency, especially is too much to the extent it pisses me off. The volatility it's too much. Though I do know that some people are able to make money through it's volatile nature but still it pisses me off cause it's just too much and I haven't been able make anything much from it yet.

BitcoinTurk

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

If I think theoretically, I can easily say yes, but if I think with a realistic approach, I think that the Bitcoin price is not determined by the supply-demand balance. Theoretically, I can say that the answer to the answer to yes briefly states that the prices are based on the supply-demand balance and when these two balances meet at a common point, the transactions are realized. But to explain my realistic thought is unfortunately not the case. Especially when we think that many big investors, big investor groups and speculators are trading in the market, we can conclude that these prices are determined by these people. I can say that if these people make upward trend, the prices are constantly moving upwards, and when prices are down, prices continue to move downwards. In short, the answer to the question you ask in theoretical thinking will certainly be yes, but the answer to the question you ask in realistic thought is undoubtedly no.

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Of course, its price also depends on that factors. Remember when bitcoin is at its peak, more people had their interest in it and because of that its price continued to rise. But the price not only depends on that there are also some factors like dumping of whales.

eann014

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Yes, the price of bitcoin is determined by the factors of demand and supply, if there is a lot of demand like investors, buyers, traders, and miners with bitcoin for sure the value of bitcoin will also increase.

marcous

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Yes, of course, that is very influential. we need to flashback how the price of bitcoin when in 2009. with limited supply while Bitcoin and crypto space are increasingly in demand by investors and traders making bitcoin more expensive. At least it will continue to be valuable as long as there are more interested people.

playboy654

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

mostly it was true because the demand will be the answer for the value if there is no demand then people don't want to make it popular and the value also not been good for the product if your product had huge demand then it will be more valuable this is the fact.

aad140386

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I think that since you graduated from school nothing has changed. The price of goods is still determined by supply and demand. And I think that until humanity comes up with another form of mutual relations, supply and demand will still manage the price of goods and services. Bitcoin in this regard is in gains in relation to other currencies since its offer will be limited to 21 million. BTC. If the demand for Bitcoin will grow steadily, the price will also grow. Now it is important to integrate Bitcoin into the realm of the real economy.

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Quote from: Ucy on March 21, 2019, 02:41:31 PM

Yes. Prices of cryptocurrencies in general are determined by demand and supply... more like how food or property prices are determined by demand and supply. If food is scare and demand is high the price shoots up and likewise properties.
Bitcoin works in this way too. It is scarce already, so high demand does push the price up as a result.

I realize that high demand will cause prices to rise if the supply is low. This means that there is a great need for crypto money which causes a lot of demand.
But what happens instead is the price will decrease if the supply is very large while the demand is very small, inevitably if you need coins to be sold even though the price drops.
This happens in the business world in any field, so it doesn't need to be surprised and don't panic, because it's natural.

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Quote from: Bijikopi on March 21, 2019, 07:01:04 PM

Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

it is true that the value of bitcoin is indeed based on demand and supply of goods. if the demand is greater than the price then the price will rise and vice versa. this always happens in all types of trade, so traders must be able to analyze prices by observing market demand. and available stock if you want profit in trading.

Supply and demand are just basic factor, there's more information factor to consider, and that is the price manipulation.
If we believe on that, it would be easy for us to spot an opportunity in every situation, whales do manipulate the price anytime, so we should not go against them.

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Quote from: malikusama on March 21, 2019, 06:48:39 PM

Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Economics basic rules are always applicable where economics is involved.
The basic demand and supply rule will remain the same in every economics term either it is used for fiat market (or any other real market) or for cryptocurrency market.

setialovers

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Quote from: malikusama on March 21, 2019, 06:48:39 PM

Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Economics basic rules are always applicable where economics is involved.
The basic demand and supply rule will remain the same in every economics term either it is used for fiat market (or any other real market) or for cryptocurrency market.

As long not in derivative market, bitcoin price determined by supply and demand. But if bitcoin already in derivative market, the price mostly drive by speculation from big investor. Short selling is dangerous thing in derivative market and in many country, it already forbidden

Bijikopi

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

it is true that the value of bitcoin is indeed based on demand and supply of goods. if the demand is greater than the price then the price will rise and vice versa. this always happens in all types of trade, so traders must be able to analyze prices by observing market demand. and available stock if you want profit in trading.

malikusama

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Economics basic rules are always applicable where economics is involved.
The basic demand and supply rule will remain the same in every economics term either it is used for fiat market (or any other real market) or for cryptocurrency market.

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Quote from: Burogh on March 19, 2019, 01:25:04 AM

Quote from: Annalise24 on March 18, 2019, 09:29:05 PM

I do not believe 100% that prices in cryptosphere are driven by the factors of demand and supply.
It's more of speculation..news .
It's news that drives Prices.
It could be downward or upwards depending whether the news is positive or negative.

News have big impact to bitcoin price but demand and supply still important factor could drive the price. I agree that bitcoin price is speculation from investor but its free market and anyone can set the price like they want and its depend on demand and supply

Actually the law of trade (demand and supply) also occurs in systems formed in the movement of bitcoin, but I also agree that there is influence from other information that can affect the price of bitcoin, but I am more inclined to bitcoin prices more than the big holders of bitcoin play to influence price movements, other than the trade formula is certain.

BUK2016

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

The answer is YES because even though some people here are saying something about either regulation policy by the government or some other factors as mentioned by some members above all tend twords demand factors that led to the decrease in the market value of Bitcoin and other crypto currency in general.

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Yes. Prices of cryptocurrencies in general are determined by demand and supply... more like how food or property prices are determined by demand and supply. If food is scare and demand is high the price shoots up and likewise properties.
Bitcoin works in this way too. It is scarce already, so high demand does push the price up as a result.

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Quote from: Ezenwanyi1 on February 05, 2019, 02:35:58 PM

When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?

Of course I do, totally and support myself according to Wyckoff's theory, where:

If the Demand> Offer prices go up.
If the Offer> Demand the prices go down.

This is the basic principle, and can be applied fully to the speculative market of Bitcoin and Altcoins.

When Wyckoff refers to the Law of Supply and Demand, it is towards the stock in the Stock Market, where many of these shares are backed in some way, either by having liquidity with FIAT money or by having Gold or any other precious metal backing .

The current market of Bitcoin is not only governed by this Law of Supply and Demand, it also has a factor that distinguishes between markets like the Stock Market, and it is the high volatility, and its support behind blockchain technology.

Many speculators can talk about the news influencing, that there is manipulation, but the cryptocurrency trader understands very well the concept of Law of Supply and Demand, and hence all the speculation is derived.

Sum24

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Quote from: Annalise24 on March 18, 2019, 09:29:05 PM

I do not believe 100% that prices in cryptosphere are driven by the factors of demand and supply.
It's more of speculation..news .
It's news that drives Prices.
It could be downward or upwards depending whether the news is positive or negative.

Why not mate demand and supply are the two factors which has ability to increase and decrease the value of crypto along with the price, when in market supply become higher than demand it makes market go bearish and when demand rises than supply so it makes price higher, and makes bull run, news are all fake just make your own analization.

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The factor of healthy whales is determined by the price of Bitcoin. The total amount of bitcoin is still not so blurry as to determine the factor of supply and demand.

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