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Topic: What/who make the price of bitcoin - page 18. (Read 5611 times)

hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 24, 2017, 08:46:20 PM
#54
The price of bitcoin is depending to the people's demand in the market, If a lot of people is demanding to buy a bitcoin for their price rate then the supply will be lessen and the price will go up while if the people is demanding to sell their bitcoin for their price rate then the supply will increase and the price will go down. That is how price of the bitcoin works by basing on the law of demand and supply.
sr. member
Activity: 1428
Merit: 308
April 24, 2017, 08:34:25 PM
#53
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?
Satoshi Nakamoto created bitcoin and the people all over the world who supports bitcoin build the price of it. Because the bitcoin has only 22million stocks so as long as people buy bitcoin the price of it is pumping because that is based on the supply and demand law when you lessen the supply the price will pump just like other minerals. So people build the price of it.
Totally agree with that sir, Because in the beginning the price of bitcoin is bellow 1USD only so by the help of the people by the support of them the price of the bitcoin is increasing every year each user that being added to the total population of the bitcoin is big impact to it's price so every bitcoin holders that buy bitcoin is the first year is so lucky because they have the biggest earning from stone to gold. So the people are holding the price of the bitcoin.
hero member
Activity: 826
Merit: 501
April 24, 2017, 08:02:52 PM
#52
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?
Satoshi Nakamoto created bitcoin and the people all over the world who supports bitcoin build the price of it. Because the bitcoin has only 22million stocks so as long as people buy bitcoin the price of it is pumping because that is based on the supply and demand law when you lessen the supply the price will pump just like other minerals. So people build the price of it.
legendary
Activity: 2954
Merit: 1153
April 24, 2017, 06:03:14 PM
#51
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.
sr. member
Activity: 994
Merit: 257
April 24, 2017, 05:12:31 PM
#50
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 are the ones that make the price, if you want to buy and then someone decides to sell and both of you agreed on a price then you have participated on the act of creating the price of bitcoin for each one of us.
hero member
Activity: 826
Merit: 529
April 24, 2017, 11:29:40 AM
#49
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.
hero member
Activity: 994
Merit: 544
March 08, 2017, 07:38:46 AM
#48
It is the free market.So the price is determined by the market.
The short term price may be control by some whale, but the long term price only depends on the market.

It is true that the only thing that dictates the price of bitcoin is the movement of the market. The market flows reflects the will of the people who buy and sell bitcoins. The market price is not just a display but it is the manifestation of the support and love of people towards bitcoin. In the end the responsible for the price of bitcoin are the people behind it. Without people supporting bitcoin it will have no value.
newbie
Activity: 11
Merit: 0
March 08, 2017, 03:29:15 AM
#47
It is the free market.So the price is determined by the market.
The short term price may be control by some whale, but the long term price only depends on the market.
hero member
Activity: 490
Merit: 500
March 08, 2017, 03:23:41 AM
#46
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 value is the value which the people of bitcoin community are ready to pay for it.It increases or decreases in proportion to increase and decrease in demand for bitcoin.When first satoshi nakamoto created bitcoin,i heard first a bitcoin was sold in return for a pizza.From then, based on thr trust people kept in bitcoin, it price has increased from time to time and now it has reached around $1200.
hero member
Activity: 1092
Merit: 501
March 08, 2017, 03:10:24 AM
#45
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?
For you able to know about how bitcoin make the price high this is depends on mass adaption of the community. If the demand is continuously increase and the users also getting higher there is a possibility that the value of bitcoin will increase.
hero member
Activity: 1148
Merit: 504
March 08, 2017, 02:55:31 AM
#44
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
member
Activity: 66
Merit: 10
March 08, 2017, 02:42:00 AM
#43
The price of Bitcoin, like the price of anything else, is based almost purely on how much somebody is willing to give for it. This changes based on specific situations but ultimately that is what the price comes down to.
hero member
Activity: 896
Merit: 514
March 08, 2017, 02:24:18 AM
#42
Generally bitcoin prices are driven by the supply and demand of the users of it. Bitcoin are not based on or relies only anything like fiat which relies on gold for it's value. Bitcoin is also not regulated, hence no single person or entity makes decisions for it and because of that the prices are not influenced.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
March 08, 2017, 02:19:40 AM
#41
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.
hero member
Activity: 1008
Merit: 501
March 07, 2017, 08:21:54 PM
#40
The same as any other market, the price is based on what the free market deems it is worth. This is based on almost countless factors, and can change fluidly based on external forces. Basically though, the price is what someone is willing to pay you for it. The same as anything else.
perhaps because bitcoin is different from others so that some people think that bitcoin eligible to be purchased. then it goes and creates the bitcoin prices as growing demand
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
March 07, 2017, 07:57:43 PM
#39
We are responsible for what price bitcoin is pegged at, by directly influencing the supply and demand chain. So for example if bitcoin etf isn't approved we are not to dump our coins but pump or hold to push for better prices to avoid killing the demand that exists and keeps growing everyday .Let's remember that for every action there is an equal and opposite reaction.
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
March 07, 2017, 07:33:37 PM
#38
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?

Well it is the people who are willing to buy Bitcoin and the people who are willing to sell theirs.  Simply supply and demand with the influence of news and manipulators.  We cannot say that the market purely rely on the supply and demand.  There are always people who want to try and manipulat the market.  These people can make irregularites on the price of BTC but eventually it will come to a correction. 
sr. member
Activity: 394
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
March 07, 2017, 07:06:59 PM
#37
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?
It's depend on the demand if the demand increase, of course the price would rise. of course the first price regulated by the exchange/markets.
you are right about it, everything depends only on the people and as more and more people get into bitcoin the demand grows, that's why we reached the new all time high not a long time ago. Besides that though the price of the bitcoin can be changed by the whales it is just a temporary change, it can make some people make decent money.

We are the one who makes the price of Bitcoin. If we use Bitcoin more recent, the prices will go up and there will be many positive results. On contrast, if we decide to ignore Bitcoin and only hold it as a type of investment, Bitcoin will slowly be destroyed. And as you can see, China is also one of the main influence to the Bitcoin price. Therefore, we must respect what they are doing or they will knock down the whole Bitcoin system
we everyone on our own, cannot have a big impact usually because we don't have enough bitcoins in order to make a difference though when a lot of people sell/buy at the same time, there is a huge impact.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
March 07, 2017, 06:14:48 PM
#36
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 depends on the Traders and the users itself. If a lot of users buy bitcoins. The implication will be, there will be a high demand in bitcoins and low in supply. Hence, will make the price higher. On the other side, if many users sell their bitcoins. The supply will increase and the price will decrease.
legendary
Activity: 3080
Merit: 1500
March 07, 2017, 05:57:41 PM
#35
Actually there are a lot of catalysts based on which the bitcoin price is decided. There is no single factor. The main and major factor is obviously the market cap of bitcoin and the demand. Robust demand and increasing market cap also increases the price of bitcoin. On the other hand, if traders around the world starts selling their bitcoin to book their profit, the price will go down even if the market cap remains almost same.

So basically there are numbers of factors based on which the price goes up or down. But it follows the basic market rule of demand supply chain. If demand is more and supply is less, price will go up. If demand is less and supply is more, the price will go down, as simple as that!
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