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

FardhanVx

  • Sr. Member
  • Posts: 462
  • Points: 25708
  • Likes Received: 20
  • Reputation: +1/-3
currently BTC is in an uptrend and the price if converted to rupiah is around 170 million rupiah so the price of bitcoin continues to rise, hopefully this month and year the price tends to be stable or increase slightly.
#16 - September 02, 2020, 04:08:06 PM

kusneni

  • Sr. Member
  • Posts: 386
  • Points: 0
  • Likes Received: 62
  • Reputation: +1/-0
Price of bitcoin is determined by the market, how much is buying and selling.
if many are buying the price will continue to rise and vice versa.
#17 - September 10, 2020, 01:20:16 PM

FzFx

  • Sr. Member
  • Posts: 426
  • Points: 51533
  • Likes Received: 7
  • Reputation: +0/-0
The price of bitcoin is determined by the amount of supply and demand that exists in the market so no one can determine the price of bitcoin going forward because bitcoin market capitalization is also quite large.
#18 - September 16, 2020, 02:00:53 AM

Rizky_Rizal46

  • Sr. Member
  • Posts: 433
  • Points: 69385
  • Likes Received: 8
  • Reputation: +0/-0
The price of bitcoin is a price that is formed due to the demand and supply of bitcoin in the bitcoin market and currently there are many changers and brokers who provide the market for trading bitcoin with other coins or with currency pairs.
#19 - September 22, 2020, 04:44:44 PM

OjoL2904

  • Sr. Member
  • Posts: 457
  • Points: 32784
  • Likes Received: 9
  • Reputation: +1/-1
The current bitcoin price is quite high and is likely to reach the highest resistance soon, we are just waiting for the time to be able to sell at a high enough price.
#20 - November 18, 2020, 05:09:03 PM

Aryox

  • Sr. Member
  • Posts: 434
  • Points: 0
  • Likes Received: 17
  • Reputation: +1/-0
The price of bitcoin cannot be determined, even in my opinion it is still quite difficult to predict it because bitcoin is not the same as prices in forex whose movements are influenced by fundamentals.
#21 - November 19, 2020, 01:50:24 AM

Fahmi Am

  • Full Member
  • Posts: 211
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
The price of bitcoin is definitely determined by the market from supply and demand.
Like the law of economics. When the demand for bitcoin increases, the price increases. Likewise, when demand decreases, prices fall.
In this condition, you must be good at analyzing to determine bitcoin price movements.
#22 - November 25, 2020, 04:53:41 AM

miqbal79

  • Sr. Member
  • Posts: 448
  • Points: 104137
  • Likes Received: 12
  • Reputation: +1/-0
The price of bitcoin can only be determined by supply and demand and we don't know where the BTC price is going, we may only be able to do the analysis we can to predict future prices.
#23 - November 26, 2020, 03:43:48 AM

Sugeng Setiadi

  • Sr. Member
  • Posts: 378
  • Points: 13171
  • Likes Received: 13
  • Reputation: +0/-0
Bitcoin price always fluctuates but it is a reasonable price because it is influenced by requests and offers, so we can analyze with predictions.
#24 - December 03, 2020, 02:58:37 AM

Libra

  • Sr. Member
  • Posts: 452
  • Points: 2273
  • Likes Received: 13
  • Reputation: +0/-0
The price of bitcoin can be analyzed using technicalities, but in my opinion, since the price of BTC is already very high, technical is also not helpful.
#25 - January 21, 2021, 08:29:35 AM

Jajami

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
The price of bitcoin is determined by demand, the high interest in bitcoin makes people continue to buy bitcoin and automatically the price of bitcoin continues to grow.
Bitcoin is predicted by some experts to be as high as $ 100,000
#26 - February 09, 2021, 09:59:44 AM

RaNo Achndar

  • Sr. Member
  • Posts: 266
  • Points: 0
  • Likes Received: 19
  • Reputation: +1/-0
Bitcoin has a market dependent price, of buying and selling.
Currently, it is very difficult to predict the price of bitcoin because in my opinion it is too expensive. Although there is still potential for an increase, if bitcoin collapses, it will result in big losses.
#27 - February 10, 2021, 09:19:49 AM

Mochira

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
The price of bitcoin is determined by the level of demand and purchase of bitcoin, if many people buy bitcoin, the price will increase.
For example, large-scale bitcoin purchases by the Tesla company made bitcoin rise drastically, followed by other investors who made bitcoin in a strong bullish trend.
#28 - April 14, 2021, 11:54:09 AM

Metatrader

  • Hero Member
  • Posts: 549
  • Points: 212
  • Likes Received: 10
  • Reputation: +7/-4
In my opinion, Bitcon is the same as the movement of other pairs where prices move based on demand and supply, just like the laws of economics in general
#29 - April 18, 2021, 01:00:25 AM

caripoin

  • Hero Member
  • Posts: 3601
  • Points: 0
  • Likes Received: 54
  • Reputation: +5/-7
For me who determines the movement of Bitcoin as well as what happens in other instruments, namely requests and offers, and it has been regulated in economic law
#30 - July 12, 2021, 05:41:48 AM
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 3 Guests 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: