Topic: What/who make the price of bitcoin - page 8. (Read 5643 times)
bitcoin based on people demand , i think what make the price of bitcoin , and people demand is depend on the news / issues
This is the basic principle of how Bitcoin’s rate is defined. Price of gold is determined by the same principle: Mining cost. The prime cost of extracting gold from earth, was transformed, in Bitcoin’s case, in a ‘minimum price’ of ‘obtaining’ new Bitcoins by means of calculating certain equations. Demand on the market. Awareness of Bitcoin, interest in it, trust of actual or potential crypto holders, and a lot more factors define the real price among the people who are willing to buy and sell Bitcoin.
The increasing demand to the supply availability in relation to the circulation happening around the network will be making the price. Based on these factors the price of bitcoin used to vary between times. Along with this the manipulation and the news surrounding the community related to bitcoin too will make the value of bitcoin.
Bitcoin is not fiat, remember? That’s why governments find it really hard to define it in terms of law. It’s still a pending issue for cryptocurrency. However, the most developed countries such as the USA, Canada, UK, or Japan have already released laws regulating Bitcoin.Let’s take Japan as an example. The final resolution about Bitcoin being considered as legal tender was passed on April 2017. In consequence, private entrepreneurs and companies started implementing Bitcoin with its decentralized technology in all kinds of spheres. So, by now, there are thousands of Bitcoin-accepting stores in Japan. Such a vast Bitcoin market has provoked a steep increase in the price of the currency.
I think price of bitcoin goes up or down which depends on demand and supply. If people want to buy lots of bitcoin because it can make super profit, the price will increase. However, as you know, Bitcoin is so volatile, when users don't want to hold it anymore, having others cryptocurrencies makes more profit, they always ready to sell bitcoin, and the price of bitcoin will decrease.
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?
There are many factors here. For example, it grows because of recognition by its countries by way of payment. But All this information can be found on google.com
Last days it seems like everyone and everything are making a price of bitcoin, bacause almost everytime we see a significant jump up or down in a background are always some news, events, or whales.
There are groups of people that are involve with this.
The the group of FUD spreaders, the dumpers, the whales, and the sellers.
The the group of FUD spreaders, the dumpers, the whales, and the sellers.
The market gets spooked by lots of things. If a large government lets slip that it’s uncertain about how to regulate bitcoin, as happened with China, then that can cause the price to fall. The same thing can happen with criminal events. When the drug trading site Silk Road, which used bitcoin as its currency – closed down, the price of bitcoin plummeted.
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 people who buy and sell bitcoins affects the movement of bitcoin's price. The demand on bitcoin greatly affects its price and when more people sold their bitcoins,the price is more likely to drop. But most of all, it is the market players that mostly contribute for a cryptos change in price. They can greatly affect the price of a certain currency 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?
I think It depends on the demand and supply. If the product is not desirable the price may go down, if the product is greatly pursued after the price will jump. That's in my opinion
which makes bitcoin prices and drives bitcoin prices is purely from buyer and seller factors, the more buy bitcoin the bitcoin price can be very expensive.
Nobody can dictate the price of bitcoin since its decentralized. If the demand is high the value will also do the same.
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 communty itself decided on what value of bitcoins will have not the government, its upon us. Simply because of demand and supply we have bitcoin value was created. The circulation made by those holders, buyers and sellers who behind in this market.
The bitcoin's price decided on market by people who holds and owns bitcoin. Without people holding bitcoin there is no market as well, so bitcoin price is based on people demands on buy and sell that's what makes market works.
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 bitcoins and all the other cryptocurrency are based on supply and demand in the market so you should always expect the drastic changes because the market is volatile.
It is the buyer like us who decide this. The price is depended mainly on demand and supply of bitcoins.
We, the market makes the price nof bitcoin. We makes the supply and demand of bitcoin. The price of bitcoin depends on the demand we make and the supply given to us by miners as well as those people selling their bitcoins. From here, the price is created and adjusted depending on these factors.
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?
i think its because of bitcoin whales they manipulating and controlling the price of bitcoin they have a full control in its volatility so i am aware that there are so many struggles in bitcoin for now because of those bitcoin whales. i am not sure if this bitcoin can strive for more i am looking forward through it. 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 bitcoin community has create price from it. The person buy and sell bitcoin lead what the price of bitcoin it is. Also the price of bitcoin always depend and created through the demand and supply in the market cap.
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