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What determines the price of bitcoin? in General Cryptocurrency Discussion_67f83ac065b44

What determines the price of bitcoin?

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Tahajud

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For my price, it feels formed because of the sale and purchase of Bitcoin, so when the market is crowded, the price can be aggressive. And if I observe, if there is a bitcoin bitcoin with a large nominal, it can make the price going up very fast and high, if after the price above and the cukong sells Bitco then many people who buy it or their fine language deceived the price he wants the price will rise Then then the price is actually going down again. So I think this Bitcoin price can be mocked by big people.
#31 - July 13, 2021, 05:33:26 AM

joshgandosh

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in my opinion all instruments include the eyes that Crypto, especially Bitcoin the movement is always based on demand and offers, so it's the same
#32 - August 30, 2021, 11:26:36 AM

Trader Hijrah

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It feels all instruments including Bitcoin this is the same which causes the price to move and determine, namely supply and demand
#33 - February 09, 2022, 12:11:45 AM

Kardel Sharpeye

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The price of bitcoin and other cryptocurrencies is determined by market supply and demand. Factors such as adoption rates, regulatory changes, media coverage, and overall market sentiment can also influence prices. Additionally, trading volume, liquidity, and the availability of alternative investment opportunities can affect crypto trading prices. As a relatively new and volatile market, the prices of cryptocurrencies can experience significant fluctuations in short periods of time.
#34 - March 04, 2023, 12:57:11 AM

Ikhtiar

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Bitcoin price is determined by the supply and demand mechanism in the market. If more people want to buy than sell, prices rise. If more people are selling than buying, the price falls.
#35 - February 11, 2026, 02:14:08 AM

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What determines the price of bitcoin? in General Cryptocurrency Discussion_6803a6c52eb12
#36 - Today at 10:41:48 PM

Ikhtiar

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Quote from: DewaFx on February 25, 2020, 02:45:09 AM
bitcoin prices can be seen in the order book, especially if we trade BTC then we can get a reference from the price provided by the changer or broker.
This statement is true and could be explained in more depth to make it more informative and easier to understand.

The Bitcoin price can indeed be viewed directly through the order book, especially if you trade on an exchange that provides a comprehensive view of supply and demand. The order book displays a list of buy and sell orders from other traders in the market.
#36 - Today at 02:39:25 AM
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