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Author Topic: Bitcoin price  (Read 4685 times)

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Offline DoublekTopic starter

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Bitcoin price
« on: January 06, 2018, 11:11:02 PM »
I understand why the price of stocks go up and down but I don't understand why the price of bitcoin fluctuates so much?


Offline DoublekTopic starter

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Re: Bitcoin price
« Reply #1 on: January 07, 2018, 03:32:42 PM »
Any input would be nice. 74 views with nothing. I do have some bitcoin I'm just trying to understand as much as possible.

Offline bitdirect

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Re: Bitcoin price
« Reply #2 on: January 07, 2018, 04:26:23 PM »
Bitcoin’s value is dependant on the intensity of demand and supply there is.
The demand is a market factor.
The intensity with which the market needs the commodity fuels the demand aspect.
Supply however is a limited factor within the Bitcoin economy since the number of bitcoins there can exist within the network is limited to 21 Million.

This often causes a difference between the buying and the selling price.

To answer your question, there isn’t any actual set price for a Bitcoin.
The price of Bitcoin is a balance between what price someone is willing to trade with to part from the Bitcoin and what someone is ready to pay to acquire it.

Bitcoin exchanges and companies that transact using bitcoins determine a lower and a upper limit around what a person in possession of Bitcoin is willing to sell it for and what a person is willing to pay in order to acquire it.

Offline DoublekTopic starter

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Re: Bitcoin price
« Reply #3 on: January 07, 2018, 04:44:49 PM »
I truly understand the supply and demand.I also know Bitcoin has a limit of 21m.How do I find out how much was sold or bought I one day.for example,

Offline cryptojean

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Re: Bitcoin price
« Reply #4 on: January 12, 2018, 11:29:49 PM »
You ll find loads of info here: https://blockchain.info/

Offline francofunghi

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Re: Bitcoin price
« Reply #5 on: January 15, 2018, 07:27:07 AM »
I truly understand the supply and demand.I also know Bitcoin has a limit of 21m.How do I find out how much was sold or bought I one day.for example,
You can see daily market value and total market cap of BTC here: http://topcryptofunds.com/tokens/bitcoin/ (under chart)

Online Adelle

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Re: Bitcoin price
« Reply #6 on: January 20, 2018, 08:13:51 PM »
I think it's a simple concept;
If more people want to sell, the price will decrease. Bitcoin's value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the Bitcoin price more significantly.
In economist field this is what is called abnormal demand period.
The irony of this is folks can stop investing when the market is up, so the volatility level will continue to rise!
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Offline Nissan

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Re: Bitcoin price
« Reply #7 on: January 30, 2018, 07:40:48 AM »
The last time it was because of manipulations of China and Korea, as far as I know. Other than that, it's price is caused by the excitement surrounding it. It's just really easy to scare the public, which can drain lots of money.

Online Adelle

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Re: Bitcoin price
« Reply #8 on: January 30, 2018, 09:11:56 PM »
In fact maybe am wrong, but the down slide of Bitcoin seems to be consistent. The other day they were down with -7 on approximation, but today it is down with (-9.85%).
Hope this is not a trend ensuing?
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Offline Cryptoside

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Re: Bitcoin price
« Reply #9 on: February 01, 2018, 10:35:23 PM »
This is normal after this growth we had the months before

Offline Nissan

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Re: Bitcoin price
« Reply #10 on: February 03, 2018, 04:58:51 PM »
You have to read news about different positions of counries in terms of cryptocurrency, then it'll be clear why bitcoin, and all other cryptocurrencies are with such a gap and fall or rise.

Offline Nissan

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Re: Bitcoin price
« Reply #11 on: March 02, 2018, 09:35:41 AM »
All of this depends on many factors. In general of course it depends on various information. On laws of different  countries and prohibitions which they create on the path of cryptocurrencies.

Offline Keronik

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Re: Bitcoin price
« Reply #12 on: April 01, 2018, 08:47:50 AM »
Yes, bitcoin is relatively unstable, but you gotta understand that this way you can make a lot of money off it. Because it can have a big price variation.

Offline CryptoGeeks

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Re: Bitcoin price
« Reply #13 on: April 02, 2018, 08:08:18 AM »
I believe the only way to keep it stable would be to regulate it, what means Bitcoin wouldn't be decentralized anymore, it would become artificial like our local currencies. When something is going bad in our country and our money loses price the local banks and government intervenes to stable it, and in Crypto-Currency world it doesn't happen. So volatility is a characteristic of Bitcoin and I don't think it will change.

Offline CryptoCZ

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Re: Bitcoin price
« Reply #14 on: April 02, 2018, 12:49:15 PM »
Yes, bitcoin is relatively unstable, but you gotta understand that this way you can make a lot of money off it. Because it can have a big price variation.
Generally, on other, new and promising crypto-currencies, provided the total growth of cryptology can earn much more


 

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