What/who make the price of bitcoin - page 10.

princesspoppy

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Quote from: newfidegm on February 21, 2017, 08:48:55 PM

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

We, the market, together with the supply and demand of bitcoin, are making price of bitcoin. The more people buying bitcoin, the price of bitcoin increases. The more people selling bitcoin, the price of bitcoin decreases. Also, the more supply and less demand, less price of bitcoin and the other way around.

patarfweefwee

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Much like ano ither currency, it depends on the amount of supply available in the market. If there is alot of people dumping their stocks then you can expect to see a huge plummet in the prices. Now if more and more people buy and hold on to their coins then the price shoots up. Of course there are alot of factors that affects the supply.

codegnome

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Betking.io - Best Bitcoin Casino

WE are making the price of bitcoin everyday, when we invest on this, buy some, sell, hold etc. It's beatiful that we can do this.

BAILEYB

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What drives the price is demand, I read a tweets today that there are 15 million millionaires in US, that means not all millionaires will have access to one BTC, So the demand is going to continue to grow has more market is been penetrated

talenah kotang

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Bitcoin prices are not made but rather fluctuating prices that can change at any time, it all depends on supply and demand. If demand is high then the price is higher and vice versa.

perfect999

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Quote from: Mikejones64 on June 03, 2018, 03:32:00 AM

Bitcoins price depends on the demand of the market. If the bitcoin is limited, the value goes up, if it is many the value go down. Just like the rule of economics, the more the product is in demand, the value goes up.. If its not in demand, the prices go down. It is also like a gold, as time goes by, it's value rises.

Most of the investors are still unable to identify the reason behind this much of the downfall in the market value of the bitcoin as well as the rise in the market value of the bitcoin which we have experienced in the last year. The most important factor which effects the market value of the bitcoin is none other than that of the demand of bitcoin in the international market as the principal which is being used is demand and supply.

Baronggot

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Nobody is making the price of bitcoin and it depends on the demand of the people. But as to the theory that bitcoin's market price can be affected by selling off bitcoin during crisis especially those investors who owned a bag full of bitcoin can certainly affect the price of bitcoin.

Welhell

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It just depend on purchase and sale. So, there is chain system which called Blockchain and no one manage this system. If most trader sell their Bitcoin, price goes down in paralel.

Tan_avia)vl.

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https://eloncity.io/

It all depends on how much you can buy it, and how much you want it to sell. It is very simple, the usual market economy.

amih

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which causes bitcoin prices to rise or vice versa that is decreasing it is of course from the role of bitcoin users themselves. if bitcoin users unite to make purchases of bitcoin on a large scale, of course there will be significant increases in bitcoin prices and vice versa if bitcoin users do not have the courage to buy bitcoins, of course the price will still move in place even will decrease.

pandanaran

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Quote from: newfidegm on February 21, 2017, 08:48:55 PM

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

Which makes the bitcoin price is the user itself, and because the price is determined by the demand, I think you need to read some articles to find out information about bitcoin, you know what you are asking is the basic thing of cryptocurrency and in cryptocurrency there is not only bitcoin but still more coins.

Lpim01

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Quote from: b3j0 on June 02, 2018, 11:02:25 AM

in general bitcoin prices are affected by demand and supply. but there are several factors that affect the number of requests and offers, such as news and day of the big day like the Chinese New Year.

Very often market are changing its trend, and it could be clear that demand and supply really makes market roll over. We can't control nor stops it fluctuations as it only depends on the entire market chain.

ethereumhunter

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Quote from: Mikejones64 on June 03, 2018, 03:32:00 AM

Bitcoins price depends on the demand of the market. If the bitcoin is limited, the value goes up, if it is many the value go down. Just like the rule of economics, the more the product is in demand, the value goes up.. If its not in demand, the prices go down. It is also like a gold, as time goes by, it's value rises.

you are right but don't forget that there is a time to see the pump for making the price increase higher and decrease lower and it makes people become panic because they are not ready to buy or sell bitcoin. the whale is one of the aspects that could makes the price increase and decrease and sometimes they can push the price to the higher price but it's back to the market demands. and as long as there are any demands in the market, the price will always change from time to time.

fuding12

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Bitcoin prices are determined by demand and supply. As demand for bitcoin increases, prices increase and as demand falls, prices fall. Bitcoin is already circulating in number and new bitcoin is made with predictable and declining rates, which means demand must follow the inflation rate to keep prices stable. Since Bitcoin is still a relatively small market compared to the actual potential it can achieve, it does not require a large amount of money to drive up or down market prices, and therefore bitcoin prices are still very volatile

fishball

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Quote from: newfidegm on February 21, 2017, 08:48:55 PM

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

The price of btc you see on Coinbase.com actually comes from the trading activity on the GDAX exchange. So when someone wants to buy btc from Coinbase.com, “Coinbase looks to the GDAX marketplace to quote that customer a price,” White says, and then buys it off GDAX if the customer wants it, like a middleman.

https://www.popsci.com/bitcoin-price hope this helps.

Mikejones64

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Bitcoins price depends on the demand of the market. If the bitcoin is limited, the value goes up, if it is many the value go down. Just like the rule of economics, the more the product is in demand, the value goes up.. If its not in demand, the prices go down. It is also like a gold, as time goes by, it's value rises.

b3j0

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in general bitcoin prices are affected by demand and supply. but there are several factors that affect the number of requests and offers, such as news and day of the big day like the Chinese New Year.

Kertmu

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Price BTC depends on supply and demand, market capitalization, news of the crypto currency, world economy and its legalization.

candra raditya

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Quote from: newfidegm on February 21, 2017, 08:48:55 PM

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

What determines the bitcoin price is the market situation, the demand and supply is the decisive one, if many sell bitcoin then the bitcoin price will fall.

markk94

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First of all, bitcoin could be used as payment system in some online store, and the second one is that bitcoin used of medium of trading in the market. By the usage of trading in the market, the prices will follow demand and stock of bitcoin. When the bitcoin demand goes up, the prices definitely could goes up because of the reduced amount of supply.

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