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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.

 

[btaliat]

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

All these are factors that always determine what prices of Bitcoin will be. They do determine the way people and trader react to trading. Most people always quick to sell their coins whenever there is negative news concerning the price of Bitcoin.

 

[Wisdom01]

All these are factors that always determine what prices of Bitcoin will be. They do determine the way people and trader react to trading. Most people always quick to sell their coins whenever there is negative news concerning the price of Bitcoin.

Yeah some people usually make that happen , they usually sell off their coin when they is actually a bad news ,they feel like the news would actually have infulence , because other traders are definitely going to be doing same thing

 

[Gamer01]

The top five countries in the world can easily be said to set the prices because if they ban it fully the price will drop to nothing and everyone will start selling none will buy so the demand creates price indeed .

 

[Kennysplash]

I will say it is the buying and selling activities that goes on in the market. So when more people buy the price goes up and when more people sell it goes down. It is basically the same rule as buying and selling.

 

[BusyCat]

Since bitcoin is not controlled or regulated by any government, it's price is determined by the people who invest in Bitcoin. It's the supply-demand concept, and entirely dependent on the market value. More people investing in Bitcoin , higher will be it's price as well.

 

[gammarays]

With the spread of Bitcoin holders, I don't think one individual or holder can determine the price of Bitcoin. However a group of holders can determine the price of Bitcoin. Whales cause an increase in the price of a token when they buy and vice versa.

 

[Bigron]

Bitcoin's price is influenced by market factors including supply and demand. It can be purchased and sold on a number of cryptocurrency exchanges throughout the world, where buyers and sellers are able to negotiate a fair market price. By matching orders and carrying out trades, these deals serve as middlemen between sellers and purchasers.

 

[Gen Evie]

Bitcoin prices are driven by the same principles of supply and demand that govern the cost of goods and services, exchange rates, etc.The price typically decreases when there are more sellers or vice-versa.

 

[Ming98]

Think of it like a hot new video game. The game developers only create a limited number of copies of the game, and some people want to buy the game just because they're excited about it and want to play it. Others think that the game will be popular and become more valuable over time, so they want to buy it as an investment. This combination of supply and demand determines the price of the game. In this analogy, the developers are like the Bitcoin protocol, which sets the supply. The gamers are like the people who buy Bitcoin for different reasons. And the price is determined by the interaction of all these factors.