Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. Cryptocurrencies
  3. General Cryptocurrency Discussion
  4. What determines the price of bitcoin?

What determines the price of bitcoin?

Discussion started on General Cryptocurrency Discussion

Print
Pages: [1] 2 3   Go Down

Vi

  • Full Member
  • Posts: 121
  • Points: 0
  • Likes Received: 39
  • Reputation: +0/-0
Bitcoin prices are determined by demand and supply. When the demand for bitcoin increases, prices rise and when demand declines, prices go down. Bitcoin is already circulating new bitcoin limited and are made with a predictable rate and declining, which means that the request should follow the amount of inflation to keep prices stable. Because Bitcoin is still a relatively small market compared to the potential that could be achieved, it does not require a large amount of money to move the market prices up or down, and therefore the price of bitcoin is still very volatile.


Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/what-determines-the-price-of-bitcoin/1445/
#1 - February 11, 2019, 12:31:42 PM

ngalli

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Quote from: Vi on February 11, 2019, 12:31:42 PM
Bitcoin prices are determined by demand and supply. When the demand for bitcoin increases, prices rise and when demand declines, prices go down. Bitcoin is already circulating new bitcoin limited and are made with a predictable rate and declining, which means that the request should follow the amount of inflation to keep prices stable. Because Bitcoin is still a relatively small market compared to the potential that could be achieved, it does not require a large amount of money to move the market prices up or down, and therefore the price of bitcoin is still very volatile.
although it is not as volatile as forex, the total bitcoin is also very large so it is not easy to move the bitcoin market with small capital
#2 - May 25, 2019, 02:57:37 AM

sunnarso

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the current bitcoin price is quite high if I see it technically but bitcoin is often not technical analysis.
#3 - May 25, 2019, 10:40:32 AM

jasmine

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Quote from: Vi on February 11, 2019, 12:31:42 PM
Bitcoin prices are determined by demand and supply. When the demand for bitcoin increases, prices rise and when demand declines, prices go down. Bitcoin is already circulating new bitcoin limited and are made with a predictable rate and declining, which means that the request should follow the amount of inflation to keep prices stable. Because Bitcoin is still a relatively small market compared to the potential that could be achieved, it does not require a large amount of money to move the market prices up or down, and therefore the price of bitcoin is still very volatile.
indeed everything related to trading is definitely influenced by supply and demand, but the actors who influence it are very complex.
#4 - May 26, 2019, 06:34:20 AM

Khoirul

  • Full Member
  • Posts: 155
  • Points: 347
  • Likes Received: 4
  • Reputation: +0/-0
actually no need to bother because every market will provide the latest bitcoin prices so we just have to see every day the development of bitcoin prices but to do bitcoin trading we must have experience there.
#5 - February 25, 2020, 12:16:19 AM

DewaFx

  • Sr. Member
  • Posts: 250
  • Points: 396
  • Likes Received: 9
  • Reputation: +0/-0
bitcoin prices can be seen in the order book, especially if we trade BTC then we can get a reference from the price provided by the changer or broker.
#6 - February 25, 2020, 02:45:09 AM

Billy Atkinson

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
the price of bitcoin cannot be determined apart from supply and demand which naturally moves according to market psychology. so we also can not guess how much bitcoin prices some time to come.
#7 - April 20, 2020, 02:36:32 AM

Miracle Fx

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Bitcoin prices move based on transactions between sellers and buyers, but purchases and sales are also influenced by many factors, due to time momentum, news, pump or dump investors etc.
#8 - April 21, 2020, 12:59:48 AM

Geographic

  • Sr. Member
  • Posts: 296
  • Points: 0
  • Likes Received: 37
  • Reputation: +1/-0
Quote from: Miracle Fx on April 21, 2020, 12:59:48 AM
Bitcoin prices move based on transactions between sellers and buyers, but purchases and sales are also influenced by many factors, due to time momentum, news, pump or dump investors etc.
I have something to ask, what is the meaning of pump and dump bitcoin prices and who did it and how does the pump and dump work on bitcoin?
#9 - April 21, 2020, 02:14:50 AM

Miracle Fx

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Quote from: Geographic on April 21, 2020, 02:14:50 AM
I have something to ask, what is the meaning of pump and dump bitcoin prices and who did it and how does the pump and dump work on bitcoin?
Pump and dump can occur because of a large trading transaction volume, if buying means pump and vice versa.

Usually the one who does that is the big player, who has a lot of money to pump and has a lot of bitcoin to dump.
#10 - April 21, 2020, 02:26:26 AM

Geographic

  • Sr. Member
  • Posts: 296
  • Points: 0
  • Likes Received: 37
  • Reputation: +1/-0
Big players make price changes by pump or dump
No wonder the price of bitcoin is never stable, it always changes quickly.
#11 - April 21, 2020, 05:39:26 AM

ariezz

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
there is no appropriate tool to be able to determine the price of bitcoin, if just the analysis is still understandable but the bitcoin market moves naturally according to the demand and supply of bitcoin so we cannot know for certain the price of bitcoin going forward.
#12 - May 03, 2020, 06:48:00 AM

Kapoor

  • Sr. Member
  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
bitcoin prices are based on bid and ask prices so they form themselves, the government and any authority cannot determine the price of bitcoin.
#13 - July 01, 2020, 08:39:39 AM

PrimaFx

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
I think the current bitcoin price represents a good price where the current price is relatively high and will soon reach a strong resistance level throughout 2019.
#14 - August 27, 2020, 11:53:38 AM

Riky Namaku

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
The current bitcoin price is still strong enough to go up or is experiencing an uptrend so we can take action to buy to the nearest resistance, my prediction is that bitcoin price can still go up again.
#15 - August 27, 2020, 12:02:58 PM
Print
Pages: [1] 2 3   Go Up
  1. Forex Zone - Forex Forum
  2. Cryptocurrencies
  3. General Cryptocurrency Discussion
  4. What determines the price of bitcoin?

Members:

0 Members and 1 Guest are viewing this topic.


What determines the price of bitcoin? in General Cryptocurrency Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: