Bitcoin prices

marshall
Posts: 3
Joined: Fri Apr 07, 2017 11:06 am

Bitcoin prices

Fri Apr 07, 2017 11:12 am

How are Bitcoin prices determined?
bill
Posts: 102
Joined: Sat Apr 08, 2017 5:14 am

Re: Bitcoin prices

Sat Apr 08, 2017 5:46 am

Due to it being finite, the value of Bitcoin directly depends on the volume of usage. The max bitcoin will ever reach is 21 million coins and the current circulation of coins amounts to 13 million, which means the more users it attracts, the more it will appreciate in value. Currently, Bitcoin stands at $1195.28 per BTC.
howard
Posts: 150
Joined: Fri Apr 07, 2017 6:03 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:33 am

bitcoin prices and values are different, and I find this important to mention here! Its price is actually the exchange rate thing. It depends on the high value of transaction along with the no. of bitcoin users.
jamy
Posts: 206
Joined: Mon Apr 10, 2017 10:42 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:34 am

I agree to howard! People usually mix these terms.
Jed
Posts: 95
Joined: Tue Apr 25, 2017 5:38 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:34 am

the price actually depends on the traders.
joe
Posts: 106
Joined: Thu Apr 06, 2017 10:33 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:35 am

I'm sharing a link of a very useful article and this could clear your doubts https://www.luno.com/blog/en/post/how-b ... determined, you're welcome!
jordi
Posts: 89
Joined: Thu Apr 06, 2017 10:38 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:35 am

I have a same question, searched it much but got dif answers.
joseph
Posts: 84
Joined: Thu Apr 06, 2017 7:52 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:36 am

the value and price thing is still not very clear to me, anyways I have a bit idea now that prices/values are depending on traders, its demand and users etc.
josh
Posts: 96
Joined: Sat Apr 08, 2017 11:24 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:36 am

I came across this interesting video in which a person explains it well https://www.youtube.com/watch?v=P5XGNWykv7E
jsutee
Posts: 89
Joined: Thu Aug 31, 2017 6:17 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:36 am

liquidity factor also counts to determine its value.
Justin
Posts: 89
Joined: Tue Apr 25, 2017 5:39 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:37 am

traders play the role in it!
karim
Posts: 234
Joined: Wed Apr 19, 2017 7:31 am

Re: Bitcoin prices

Tue Sep 19, 2017 11:37 am

you may also like the following link that I came across while searching for the answer, it provides you knowledge that how bitcoin price is set. https://www.thebalance.com/who-sets-bit ... ice-391278

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