Who decides the price of Bitcoin?

[Hazel Tucker 0]

I am new to the world of bitcoins and cryptocurrency and this question hit my mind recently.

Bitcoins are gaining popularity at a faster pace but will anybody make it clear to me that who decides the price of these bitcoins?

[zdo 18]

Hazel,

It’s the same with crytos as with any market - the next price change is determined by the most motivated participant(s).  When motivated buyer(s) take the ask, price up ticks and the ask is moved higher.  When motivated seller(s) accept the bid, price down ticks and the bid is moved lower.   Whether in slow increments or sudden crescendos, that how all prices move / are “decided”.   

hth

[BullFX 0]

On ‎25‎/‎07‎/‎2018 at 3:20 PM, zdo said:

Hazel,

It’s the same with crytos as with any market - the next price change is determined by the most motivated participant(s).  When motivated buyer(s) take the ask, price up ticks and the ask is moved higher.  When motivated seller(s) accept the bid, price down ticks and the bid is moved lower.   Whether in slow increments or sudden crescendos, that how all prices move / are “decided”.   

hth

thanks for explanation. It makes a lot of sense.

will bitcoin can experience any bankruptcy ?

If so, how it can happen and how it can affect investors ?

Edited July 31 by BullFX

[zdo 18]

BullFX

BTC itself could 'experience' a 'bankruptcy'... either suddenly or gradually

Suddenly could come by blockchain suddenly being digitally totally and completely corrupted beyond recovery. Not possible?  Some things to consider :  hackers esp those state 'sponsored' (think nsa, etc) can infect any and all connected devices at will and at once...  and 'norton' wouldn't help you one bit... more likely they would be complicit...

Gradually could come as the economics of the model gradually sink in... blockchain transactions are viciously expensive and slow, the whole process of 'mining' is an energy heavy lottery, etc etc.,  plus BTC can now be tracked and taxed, etc, etc... ie the initial features and benefits of BTC get gradually chipped away

Either suddenly or gradually could come with grid down, etc etc... countless hodlers don't even have their certificates on hard copy...

still - BTC is a good 'trade' vehicle ... esp now that there are instruments amenable to shorting it...  esp if you like high price variability (more commonly and incorrectly known as volatility)

The only 'investors'  in BTC are miners.  All other participants are 'traders'.  BTC selling below mining costs and 'investors' are  gone.  BTC selling significantly below where individual traders bought and they abandon the trade and the instrument...

have a great day,

capt obvious

[C_G Modern_assets 0]

Markets shouldn't be selling off on the ETF news overnight because we told it would be pushed back to the end of September a few weeks ago

I have a theory. The long term whales are selling to destroy the media price manipulation. I think the Bloomberg crypto team take personal positions then try and move the market in their favour through their tweets. Whales have caught on an are destroying their trades. Bloomberg crypto tweet in clumps and often post the same tweet again a few days later.