Bitcoin to USD

mas
Posts: 69
Joined: Mon Apr 10, 2017 10:39 am

Bitcoin to USD

Postby mas » Thu May 04, 2017 8:22 am

What determines the exchange rate of Bitcoin in USD?

zach
Posts: 134
Joined: Wed Apr 19, 2017 7:18 am

Re: Bitcoin to USD

Postby zach » Thu May 04, 2017 12:54 pm

Same as most exchange rates i.e. By the market trends and the general population offering to buy and sell Bitcoin for USD.

azimiballer
Posts: 111
Joined: Wed May 03, 2017 7:31 am

Re: Bitcoin to USD

Postby azimiballer » Tue Aug 29, 2017 5:21 am

Two factors help to determine the exchange rate,
- market trends
- the amount of people buying and selling bitcoins for USD.

zach
Posts: 134
Joined: Wed Apr 19, 2017 7:18 am

Re: Bitcoin to USD

Postby zach » Sat Sep 09, 2017 12:09 pm

There are two main factors which regulate the exchange rates mostly;
Market trends of any cryptocurrency are the first factor and percentage of people get utilized by these digital coins.

dynastyQB
Posts: 96
Joined: Wed May 03, 2017 7:17 am

Re: Bitcoin to USD

Postby dynastyQB » Sat Sep 09, 2017 12:10 pm

Number of users of bitcoin and its market trend determine the exchange rate, and we have the coins

dynastyQB
Posts: 96
Joined: Wed May 03, 2017 7:17 am

Re: Bitcoin to USD

Postby dynastyQB » Sat Sep 09, 2017 12:11 pm

Why are you thinking about Bitcoin’s exchange rate, you have coins? It’s amazing, just cool down and enjoy your life.

Hart
Posts: 66
Joined: Sat Apr 08, 2017 8:33 am

Re: Bitcoin to USD

Postby Hart » Sat Sep 09, 2017 12:11 pm

If you want to know about the exchange rates, you need to know about its factors, on which factors it depends, what is the procedure and how it can control the factors. Two factor drops heavy effect on an exchange rate; market trend and number of users who buy and sell the coins

sacquire
Posts: 45
Joined: Wed Apr 26, 2017 8:46 am

Re: Bitcoin to USD

Postby sacquire » Sat Sep 09, 2017 12:12 pm

I didn’t get what you are talking about. Will you elaborate it more?

faran
Posts: 80
Joined: Wed Apr 19, 2017 7:23 am

Re: Bitcoin to USD

Postby faran » Sat Sep 09, 2017 12:12 pm

I think is depend on the number of users and demand

mrShakehands
Posts: 58
Joined: Wed May 03, 2017 7:43 am

Re: Bitcoin to USD

Postby mrShakehands » Sat Sep 09, 2017 12:13 pm

I am not sure about, but its depend on the availability of coin in the market and its usage.

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