What/who make the price of bitcoin - page 17.

Sled

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Bitcoin- in bullish time

Quote from: bohr on April 25, 2017, 09:49:47 PM

Quote from: lionheart78 on April 24, 2017, 06:03:14 PM

Quote from: kpcian on April 24, 2017, 11:29:40 AM

When question goes on who..??.Then the answer is indicated those people who are engaged in the Bitcoin.according to the general economic theory, if demand will increase then price will also goes up. Demandable things must carry precious things so Bitcoin also considered as a demandable things.

Isn't it the whales? Then sheeps followed to get slaughtered? Definitely people are the one who set up the price of Bitcoin since they are the one who demands and sells it. But among these people, there are a few who have a huge stash and funds that has the capability to control the price of BTC. they have the power and influence to move the market. If we observe how it works, even a small news can cause a crash if these people ride on it and create a crashing scenario.

You are right and this is why it is very important after a big news to watch the behavior of bitcoin and take advantage of any movement that bitcoin presents at the moment.

It is best for those traders who got average amount of money to focus on that, put a lot of attention to the rumors even it is not confirmed yet because that will be the key for you to earn a lot of money because sometimes whales do that and they buy in from the rumors (if it is a good rumors) and sell out from the news, that is how they work and manipulate and generate profit without being notice.

bohr

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Quote from: lionheart78 on April 24, 2017, 06:03:14 PM

Quote from: kpcian on April 24, 2017, 11:29:40 AM

When question goes on who..??.Then the answer is indicated those people who are engaged in the Bitcoin.according to the general economic theory, if demand will increase then price will also goes up. Demandable things must carry precious things so Bitcoin also considered as a demandable things.

Isn't it the whales? Then sheeps followed to get slaughtered? Definitely people are the one who set up the price of Bitcoin since they are the one who demands and sells it. But among these people, there are a few who have a huge stash and funds that has the capability to control the price of BTC. they have the power and influence to move the market. If we observe how it works, even a small news can cause a crash if these people ride on it and create a crashing scenario.

You are right and this is why it is very important after a big news to watch the behavior of bitcoin and take advantage of any movement that bitcoin presents at the moment.

dwieyani

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Which is definitely the person who makes the bitcoin price very clever in calculating

Capradina

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Quote from: X-ray on March 08, 2017, 02:19:40 AM

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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin.

exactly once. bitcoin's getting grows as more and more demand and so are prices high enough bitcoin. The main thing that caused the higher price is because of the many requests. without a request that many would likely little will get high prices. Therefore from now on we should be able to use the bitcoin for things that are more useful and also disseminate the use of the bitcoin to everyone so that the higher price and make a profit for us

DrGuns4Hands

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it's depending on the progress in the market so all the price of bitcoin came from market if the flow of the economy of market the price of bitcoin will pump but when the market is not good bitcoin price will dump that's and one of opinion i think bitcoin price is also depending on its users i mean if there's a lot of new user or investors bitcoin price will pump too.

darthmaul

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It depends on trades and exchanges being made across he world. It is very simple with this example, consider a stone which has no value at all. But someday a person approaches and shapes that stone into artefact which is now having little value. Now, he puts it into store for "sell" and it is being seen by many people. It is sold in exchange with xyz price. Now that stone with no value has price of xyz. So, this is how bitcoin works only the thing is it works lightening fast and people buying it are in millions number. So it increase its value a lot more than our story stone.

Apened

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My opinion here is that the investors including us makes the price of bitcoins change from time to time .Definitely the volatiloty of the price was depending on us and the acceptance of bitcoins in the market.

bouren

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Quote from: TheGodFather on April 25, 2017, 10:23:12 AM

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?

Bitcoin prices depends on the its supply and demand of the masses. Like other currencies such as our money, bitcoin must be circulated it must be spend and must be invested in order for it to live longer. When bitcoin will increase its number of users worldwide , we expect that bitcoin value will increases and lot because of the demand and the supply of the masses

You can't just say that demand/supply makes prices. But the value added to Bitcoin as people see it something valuable adds to prices. Suppose a person demand it at $1200 which doesn't mean that Bitcoin is $1200 because people demand it at $1200 but it is $1200 because people recognise its value to be that overtime. Why don't one demand a matchbox for $1200? Simply, there is no trust addon to its value overtime.

TheGodFather

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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?

Bitcoin prices depends on the its supply and demand of the masses. Like other currencies such as our money, bitcoin must be circulated it must be spend and must be invested in order for it to live longer. When bitcoin will increase its number of users worldwide , we expect that bitcoin value will increases and lot because of the demand and the supply of the masses

Harlot

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From the economic point of view the main driver for its price/value is the Supply and Demand of Bitcoin, its simple as that. We all know that Bitcoin is a limited currency therefore it has a limited supply in which the people's demand is what really makes it volatile due to the ever changing demand of Bitcoin, it has yet to find a stable price for it. Also the demand can be affected by a lot of factors such as Whales shorting Bitcoin, News about its legality, and bad news in general.

AK47-

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Bitcoin price is calculated in the same way stock is determined. There is supply and demand, so whatever one is willing to buy it for and whatever one is willing to sell it for is brought to that exact “exchange”. All those exchanges' data is being monitored and then brought to one database and the average of all is the price.

BiTZeD

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What make the price of Bitcoin how much people are willing to pay for it. If someone dump half of the bitcoins, if people buy it way back to 1200$, even if there was a dump, people will still pull it back to 1200$. You can understand that actually one bitcoin is worth 1200$.

berserkinterbuy

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Quote from: Yatsan on April 25, 2017, 12:38:28 AM

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 the bitcoin is depend on the people who are buying and selling the bitcoin and with the investors of it because if many people dump they're bitcoin the price will be dumped too but if many people buy bitcoins the price will be pumped so It is depend on the people who are using bitcoins.

I agree. I want to add another fact that the number of bitcoins is limited. And therefore, if a new user is added to the bitcoin community, that the price goes up. Every time the demand rises, the price increases

fathur.aza

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I do not know who made the bitcoin price

I hope so that makes the bitcoin price always raise it.

mimini0147

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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?

Like all other cryptocurrencies, the price of bitcoin is determined mainly by supply and demand.

IF there is alot of demand then the price will be driven up but if there is little demand then the price will fall.

Government regulations and the media also have an input in the price, the media has enough power to drive the price of bitcoin up or down by spreading whatever news they want to, which in turn affects the demand. The price of bitcoin can also be manipulated by a small group of people regardless of the general demand, if they have enough capital, they can pump the coin and then sell it back once the price reaches where they can make a handsome profit.

Yatsan

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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 the bitcoin is depend on the people who are buying and selling the bitcoin and with the investors of it because if many people dump they're bitcoin the price will be dumped too but if many people buy bitcoins the price will be pumped so It is depend on the people who are using bitcoins.

blakegrr

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miners and traders will be the cause of price of bitcoin.

AjithBtc

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Vave.com - Crypto Casino

Quote from: X-ray on April 24, 2017, 11:28:56 PM

Quote from: mornabo on March 08, 2017, 02:55:31 AM

Quote from: X-ray on March 08, 2017, 02:19:40 AM

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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin.

the more users, the more people who want to earn bitcoin. by the number of bitcoin that always stays this course will make bitcoin prices continue to rise. which makes the price is certainly demand it

That's right, The bitcoin is having a limited supply. So, there is no more bitcoin in the future. With some bitcoin already lose caused by those are forgetting the wallet password and the supply of bitcoin will be less in the future. in will never touch 21 million. It less than 21 million right now.

Most users described the same, supply to demand ratio make the price of bitcoin. The reason is that we have limited number of coins to be generated and if thereis no limitation then it could have gone as a failed experiment. So increasing adoption creates an increase in demand and this causes the price increase when circulation within the network increases.

X-ray

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Quote from: mornabo on March 08, 2017, 02:55:31 AM

Quote from: X-ray on March 08, 2017, 02:19:40 AM

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 demand, and with more adoption of bitcoin with the limit supply of bitcoin. that's making the bitcoin is rarely to find and the price of bitcoin will increase. and i think the general key to make the price of bitcoin is the demand for the bitcoin to use the bitcoin.

the more users, the more people who want to earn bitcoin. by the number of bitcoin that always stays this course will make bitcoin prices continue to rise. which makes the price is certainly demand it

That's right, The bitcoin is having a limited supply. So, there is no more bitcoin in the future. With some bitcoin already lose caused by those are forgetting the wallet password and the supply of bitcoin will be less in the future. in will never touch 21 million. It less than 21 million right now.

Dimelord

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Activity: 490

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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?

Bitcoin was first created by satoshi nakomoto as a digital currency.At first,10,000 bitcoins were sent to buy just pizza.Then people began to build their trust in bitcoin and they started buying it.Slowly,bitcoin price began to grow.In Jan 2012,its price was around $12.Bitcoin's price continued to increase in proportion to increase in demand.Now,its price has reached around $1300.Therei is no central authority to fix the value for bitcoin.Its completely decentralized.Just like Gold,a piece of yellow metal is valued based on the amount people are ready to pay for it,same is the condition with bitcoin.

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