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[Dagov]

Who decides the price of Bitcoin?
The market where bitcoin is traded determines its price. It depends on the price the person is prepared to pay for that bitcoin. Similar to how the price of gold, gas, food, grains, and other commodities is established by the market. Like any other market, bitcoin is governed by the laws of supply and demand.
The price of bitcoin is not determined by a single entity, nor can it be traded in a single location. Each market or exchange uses supply and demand to establish its price.

 

[Wisdom01]

The investors decides that. You can put a buy order for bitcoin for a dollar.. you can buy in that price if someone sells for that much. Ofcourse no one would do that. Because they put the amount they want and since there's a big demand they can put the price higher so the buyers would adjust the same happen when there's low demand.. the buyers decide how much they can offer for it and the sellers would adjust so their crypto can be bought first before others

exactly the investors have total control over the market , if they don't invest anything ,the market would not move , they are actually the life wire of the market ,when they invest ,they are able to infulence the market to sucesss and growth

 

[BullyMaguire]

exactly the investors have total control over the market , if they don't invest anything ,the market would not move , they are actually the life wire of the market ,when they invest ,they are able to infulence the market to sucesss and growth

Although it's usually the whales that have the most impact. I believe small investors are the ones maintaining the price for longer.. since it's not everyday that whales trades.. that's why fear and greed is crucial for crypto currency market because that is how it moves

 

[brindagladden]

The supply and demand of Bitcoin in the market determines the price of Bitcoin. Plus, the investor sentiment is a big indicator of the direction of the price.

 

[Riberet19]

Although it's usually the whales that have the most impact. I believe small investors are the ones maintaining the price for longer.. since it's not everyday that whales trades.. that's why fear and greed is crucial for crypto currency market because that is how it moves

You are right, the whales tend to stand still without making movements for much longer than retail investors, we only have to look at the on-chain metrics to verify this, so it is surely these entities that move the price or sustain it in the last stay

 

[Wisdom01]

The supply and demand of Bitcoin in the market determines the price of Bitcoin. Plus, the investor sentiment is a big indicator of the direction of the price.

yes sure the supply and demand actually at times usually determine the price , that's why when the price is actually not boosting ,most times the cause of everything could actually be the rate of demand ,if it's not high then there is a very big problem

 

[jetsaints30]

When it comes to Bitcoin, the price is determined by a variety of factors, including demand and supply. It's difficult to determine who, specifically, is really in charge of setting the valuation, it fluctuates throughout the day based on market activity. So while there isn't one person who can definitively claim responsibility for pricing Bitcoin, there are certain entities that have some influence.

 

[Wisdom01]

When it comes to Bitcoin, the price is determined by a variety of factors, including demand and supply. It's difficult to determine who, specifically, is really in charge of setting the valuation, it fluctuates throughout the day based on market activity. So while there isn't one person who can definitively claim responsibility for pricing Bitcoin, there are certain entities that have some influence.

the demand and supply of Bitcoin is really an effect , I believe when there is actually more demand ,it would improve the price to expectations ,so there have to be more demands for there to be more growth in price and others I think

 

[Riberet19]

the demand and supply of Bitcoin is really an effect , I believe when there is actually more demand ,it would improve the price to expectations ,so there have to be more demands for there to be more growth in price and others I think

Yes, inevitably for the price to rise there must be more demand in the Bitcoin markets either in spot in futures or derivatives the opposite when there is a lack of demand and there is a lot of supply in the different markets the price tends to go down and look for supports.

 

[btaliat]

The supply and demand of Bitcoin in the market determines the price of Bitcoin. Plus, the investor sentiment is a big indicator of the direction of the price.

And most time, the emotions of those that are into the crypto trading. There are sometimes that the price will come down just because there is high degree of fear from some traders especially where is some speculations on the price of Bitcoin.

 

[@dulce]

determines the market of buyers and sellers. This is, according to the supply and demand that exists in a certain Exchange. Thus, when many people buy Bitcoins, their price tends to rise (Demand), when many people sell their Bitcoins, the price tends to fall.

 

[btaliat]

determines the market of buyers and sellers. This is, according to the supply and demand that exists in a certain Exchange. Thus, when many people buy Bitcoins, their price tends to rise (Demand), when many people sell their Bitcoins, the price tends to fall.

This is the basic. But there are other factors that determine the price of Bitcoin. In fact, activities of some miners may affect the price of Bitcoin and other crypto coins too. Some political activities in powerful countries can do as well.

 

[john224]

When there is a high demand for Bitcoin, the price of Bitcoin tends to rise, whereas when there is a low demand, the price tends to fall. A central authority or government body has no control over the price of Bitcoin, it is entirely dependent on supply and demand.

 

[Yugocean]

When there is a high demand for Bitcoin, the price of Bitcoin tends to rise, whereas when there is a low demand, the price tends to fall. A central authority or government body has no control over the price of Bitcoin, it is entirely dependent on supply and demand.

Bitcoin doesn't work like that; it's not a normal commodity. Has the demand for bitcoin suddenly increased so much that it has started increasing in value? The crypto market has its own methods, which are yet to be known; everyone has their own guesses.

 

[Kennysplash]

There are people that are called bitcoin whales. These people, because they hold large amounts of Bitcoin they try to manipulate the market through selling and buying back. Celebrities are among this set of people as well. Just by making sweets and post online the influence the price of Bitcoin.

 

[btaliat]

The market is always subject to supply and demand, and thus commodity prices change, as is the case with cryptocurrencies

That's the basic activity that changes that affect the prices of coins. This can be seen in the order book of our trading platform. The more people buy, the more the coin may be increasing. Though, there are external factors affecting why people buy or sell coins.

 

[Wisdom01]

What exactly determines the price of Bitcoin is actually the demand and supply , like if the demand is actually more then you should actually be expecting more increase in the price , so the demand is the major push

 

[Kamma Lavanya]

In the cryptocurrency market, supply and demand for bitcoin determine its price.

The price will rise if demand outweighs supply (if there are more buyers than sellers).

Similar to this, if there are more sellers than buyers (or if supply exceeds demand), the price will decline.

 

[Wisdom01]

In the cryptocurrency market, supply and demand for bitcoin determine its price.

The price will rise if demand outweighs supply (if there are more buyers than sellers).

Similar to this, if there are more sellers than buyers (or if supply exceeds demand), the price will decline.

Yeah the demand and others determines the price, when you invest well you should be able to make more money , and also the person investing must always learn to invest with caution it's very important to actually note that

 

[fiery phoenix]

It's not exactly deciding because its not automatic process which is a result of investors actions.Supply and demand controls these markets to a lesser extent now,its now market sentiment that drives it

 

[Wisdom01]

A lot particularly determine the demand and supply of Bitcoin , I think part of the determinant are actually the events , news , and analysis , all these particularly contributes more to the determinant of the price