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Topic: x (Read 260 times)

sr. member
Activity: 574
Merit: 251
x
March 16, 2018, 01:39:43 PM
#22
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

Yeah surely it should move and I think it is already changing a lot since its long history. If you cant see then let me tell you that bitcoin prices have moved down to 7K USD from all the way 20K USD bro! Isn't that is enough movement that bitcoin has made in the short period of time. This is clearly sensible and we are experiencing the drop day by day. I think it is enough proof that bitcoin price does change both the ways as the market makes move in terms of buying and selling of it. Its just that which side is overcoming the other one. That will decide the ultimate up and ultimate down of the bitcoin.  Wink
legendary
Activity: 3542
Merit: 1352
Cashback 15%
March 16, 2018, 01:33:07 PM
#21
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

The price is dictated heavily by supply and demand, and you are not missing something out but just a little confused on how it works.

If supply outweighs demand, the scenario usually is that the price will be a little low, as there is no one buying the available supply in the market.
If demand outweighs supply, the price is up because there is a huge number of people wanting to buy a limited supply of goods, and practically everyone would buy the cheapest good first up until the price builds up well.

There aren't any hocus pocus on how the price works. There are other factors that affect bitcoin's price but when you look at it closely, it still leads to supply and demand.
sr. member
Activity: 602
Merit: 252
March 16, 2018, 10:12:19 AM
#20
Its called by a simple phrase in economics, 'supply and demand'. While the market is governed by various sources that are continuously buying and selling Bitcoins throughout the day, the average demand causes a price soar while the average increased supply usually tends to cause a dip. Again, this comes down to exchanges which have preset ranges of price while being traded at any particular point of time.
full member
Activity: 602
Merit: 129
March 16, 2018, 08:38:40 AM
#19
Yes it will by the time it uses it will go up and down it can't be helped though because there is so much BTC stucked at someones wallet so that's what makes bitcoin expensive and it won't probably go down than $2000.
sr. member
Activity: 2016
Merit: 283
March 16, 2018, 08:13:10 AM
#18
Bitcoin's price change in every time just like altcoins that always changing it their prices.
actually changing price in the market is always happen even before 'cause it's part of the volatility which is always happen also when there's a different issues in the market that can make bitcoin growth rate volatile. 
sr. member
Activity: 700
Merit: 300
March 16, 2018, 06:11:22 AM
#17
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

Bitcoin is the most popular currency in the globe and whenever new investors enter into the crypto world they first of all hit only one name and that's bitcoin. If there is no bitcoin then people won't understand anything. This all relates to one thing and that's there is more buyers of bitcoin and on top of this there are more and more hodlers of the same. This make the bitcoin selling slower process as compared to investment that is being made into the crypto currency or bitcoin alone. We should bless the big whales who are holding most of the bitcoin even when the bitcoin is dropping and thus making the bitcoin go very stable. That is why price mostly go on increasing rather than falling back.
full member
Activity: 418
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March 16, 2018, 05:45:11 AM
#16
Bitcoin's price change in every time just like altcoins that always changing it their prices.
It's because of supply and demand, if the buyers are low it may low the value and we all know that the price of bitcoin are volatility.
full member
Activity: 420
Merit: 101
March 16, 2018, 04:08:30 AM
#15
Demand and supply in economics, The supply and demand model are used to determine the price

1. the more down the price level, the more demand, and on the contrary increasingly the price level, the less demand

2.The higher the price, the more offers. The opposite, the lower the price level, the less the offer.

But no one is able to predict the price, which i hold firmly right now, i always read the latest news, because bad news really affect the price.
full member
Activity: 350
Merit: 100
March 16, 2018, 01:01:34 AM
#14
Bitcoin price is changing over time sometime increase in the prices while sometime decrease happened in the bitcoin but over all the bitcoin price is good in the present time while a huge growth is expected in the bitcoin in the next months so it is good that bitcoin is the best currency for future payments So for now the best thing is buying bitcoin now and hold it for the long term.
member
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March 16, 2018, 12:40:09 AM
#13
There are certain factors that affects the price of bitcoin and it is always expected for the price to change as a result of these factors. Despite the fact that, for every buyer, there is also a seller, does not mean the price should be constant, for there are other factors aside from demand and supply that also affect the currency.
full member
Activity: 420
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March 16, 2018, 12:07:48 AM
#12
Bitcoin's price change in every time just like altcoins that always changing it their prices.
member
Activity: 224
Merit: 19
March 15, 2018, 11:01:52 PM
#11
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

It falls on this 3 categories:

1. More buyers means more demand = the price goes up
2. More sellers, less buyers = the price goes down
3. Less buyers, means less demand = the price goes down


So basically that's how the market works, so its law of supply and demand. Go and look for basic law of economics and try to understand it. I'm in the same boat with you man, I didn't quite understand at the beginning. But through constant reading and going around the forum, I was pointed to the right direction.

This is the  easiest answer to understand for you, I will just add a few more details to answer your question

It falls on this 3 categories:

1. More buyers means more demand = the price goes up
You are probably asking why it will go up because sellers are pricing the coin HIGHER,
Simple example here is if you have 2 candies and you have 3 buyers. if one buyer offer you a dollar and the other one offer you $2 then most likely you would sell it on $2 and the remaining candy will be price $2 or even more expensive if the other two customers will have a bid war.
Making the candy $2.


2. More sellers, less buyers = the price goes down

In this case it is the other way around since there are a few buyers sellers are selling their coin cheaper.
Lets go back to my candy example. 2 candies and 3 buyers. Now no one would like to buy your candy for $2 and you price it down for a dollar butt hen someone bought it for a dollar you sell your other candy for a dollar but the two remaining buyers is convinced that it will still go down. You sell your candy for $0.50.
Making the candy $.50 in the market.


3. Less buyers, means less demand = the price goes down

It is almost the same for number 2 regardless of how many sellers or item you have if no one would like to buy your stuff then people will sell it cheaper.



I think it will grow again in the future. The market is going down with many bad news !

This post is just a SPAM, it has nothing to do  about the topic.
newbie
Activity: 55
Merit: 0
March 15, 2018, 10:35:14 PM
#10
I think it will grow again in the future. The market is going down with many bad news !
sr. member
Activity: 1022
Merit: 256
March 15, 2018, 10:24:07 PM
#9
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

This is how it works, buddy. There are sellers and there are also buyers. But the selling price or ask price is always higher than the buying price or the bid price. Now, if the demand is growing, that means there are more buyers than sellers. What does this imply? It will make sellers increase their selling price because their previous prices were easily bought and consumed by the growing number of buyers. If this ratio of buyers much bigger in numbers than the sellers continue, this will cause the prices to go higher and higher. It does not actually matter whether there are only few sellers because the bigger the demand is the higher the price will also grow.

Say, for example, Joe has $10,000 and he is buying BTC. If there are more sellers than buyers, the sellers cannot easily ask a bigger price and so Joe can have a full BTC for his money. Now, if the buyers like Joe are more than the sellers. The sellers could then increase their price and instead of getting a full BTC for his $10,000, Joe could only afford 0.5 or 0.3 BTC. It is because the demand is so big.
jr. member
Activity: 33
Merit: 1
March 15, 2018, 09:50:09 PM
#8
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

It falls on this 3 categories:

1. More buyers means more demand = the price goes up
2. More sellers, less buyers = the price goes down
3. Less buyers, means less demand = the price goes down


So basically that's how the market works, so its law of supply and demand. Go and look for basic law of economics and try to understand it. I'm in the same boat with you man, I didn't quite understand at the beginning. But through constant reading and going around the forum, I was pointed to the right direction.

yeah this is right. Economics really hits the price of the bitcoin as you can see there is a quick change of the bitcoin price due to our modern technology today since bitcoin is basing on technology. People have quick access and quick process of buy and sell transaction that makes the price volatile. Hopes this make sense and can you understand.
member
Activity: 168
Merit: 10
March 15, 2018, 09:47:10 PM
#7
There are many factors that prevent the growth of bitcoin: Speculators. This category of people is trying to get the most profit by selling bitcoins. Complication of production. Bitcoin is not gold. People prefer not to store savings in bitcoins, but immediately resell the digital currency at a bargain price. From all this it follows that the cost of bitcoin simply can not always stay on the same level.
full member
Activity: 337
Merit: 195
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March 15, 2018, 08:38:22 PM
#6
Yes as mentioned, it is basically the law of supply and demand. But it is not just it, considering the bitcoin's price volatility,, there are so much othet factors that affects it out there. Cryptocurrency's decentralized system and fast transactions might have contributions to these price changes.
newbie
Activity: 143
Merit: 0
March 15, 2018, 07:57:58 PM
#5
Your right about when someone buys theres someones selling and it must go down you said. But its always depend in which on selling or buying is more higher it will go up when the buying is greater than selling the selling cant effect thr price and the price will go up but when the opposite the happenig is like on what your saying this ratio  is always lying on what is hight or lower. Smiley
legendary
Activity: 966
Merit: 1006
March 15, 2018, 06:16:52 PM
#4
When supply (mining reward + people willing to sell) = Demand (People willing to buy) ---> price will just swing between few dollars and remain almost stable.

When panic sellers starts to sell more amount than what buyers are willing to buy price will get dumped and it will be pumped if condition is vice-versa.
full member
Activity: 658
Merit: 103
March 15, 2018, 06:10:23 PM
#3
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.
Pretty much what he says are fact coming from a high rank. The cycle goes on and on no one can predict what happens next so we are safe to assume this happens slowly but could turn aggressively if we will not stop the negative content writers that is bad mouthing CRYPTO or solely on BITCOIN ALONE and it's risks. News can affect the price of BITCOIN depending on how important it is to the community. Usually panic selling causes by unexpected turn of events like banning, regulations and so on and so forth.
hero member
Activity: 2842
Merit: 772
March 15, 2018, 05:48:42 PM
#2
I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

It falls on this 3 categories:

1. More buyers means more demand = the price goes up
2. More sellers, less buyers = the price goes down
3. Less buyers, means less demand = the price goes down


So basically that's how the market works, so its law of supply and demand. Go and look for basic law of economics and try to understand it. I'm in the same boat with you man, I didn't quite understand at the beginning. But through constant reading and going around the forum, I was pointed to the right direction.
member
Activity: 77
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March 15, 2018, 10:21:45 AM
#1
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