Quote from: MiF on November 08, 2017, 09:31:31 PM

Quote from: Ronaldcoin2017 on November 08, 2017, 09:00:32 PM

Quote from: Horus_Cryptsy on November 08, 2017, 06:41:30 PM

Quote from: BartS on November 08, 2017, 06:00:32 PM

Quote from: yoseph on October 29, 2017, 01:56:16 PM

Quote from: BillCoin on October 29, 2017, 10:47:45 AM

I don't agree with Adam Smith.
Bitcoin price is being determined by the free market, it worth what people are willing to pay for it.

The more the bitcoin price goes up, the more it becomes profitable to mine, which makes more miners to join the circulation, which increases the difficulty of mining a bitcoin, and makes it cost more to mine.

I think that the price of something is only related to how much people want it and are willing to pay for it.

During last year bitcoin miners were not really getting a lot out of mining bitcoins but with the recent surge in the price of bitcoin, mining bitcoins has become even more profitable then it used to be and now miners who have spent a lot on their mining equipments are actually making money, bitcoin mining is no longer a hobby but a profitable venture.

Right now miners are making a fortune that is why I find very doubtful they are going to move most of their hash power to other coins as they have threatened to do with the new fork of segwit2x, they have probably made more money in this year alone than in many of the previous years it will not make sense to throw that away especially since they are all competitors and if a miner moves to another coin then that leaves the road open to the rest of the miners to get even more profits.

The value of bitcoin are the economic status and its is a digital currency system ,the value of the bitcoin it's been increased day by day and today rate was $7286 so in future it increased very high and it's touch arround the $10000 this vaules

yes i agree the value of bitcoin is really increasing and it is all because btc today is getting popular .i believe that btc is getting stronger each day with the high value because of its great demand in the market place because that was really the cycle of the market if the item has a high demand the will rise and also with the value it is aleays correspond buy the moving or maybe the work of bitcoin it really works and many people gain through it that is why it is now having a high price.

yes i agree on that the value of biycoin is really depend on the movement of the demand and usage in a market place because if no one use btc and no one invest on it it will really go down and it cant survive .i believe bitcoin is really amzing that is why its price now a days getting warmer and it has a great demand leading its price to heading up.

That is true i also think that if more people want it the price will of up way more than it is right now and it does depend on other things too bu this is one of the most best things because last there was a stole btc atm but the robbers did not think that btc is an online currency.