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Author Topic: Bitcoin price  (Read 1911 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)


 

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