Quote from: newwest on March 13, 2018, 05:56:55 PM

Quote from: WUUEX79 on March 05, 2018, 10:25:33 PM

Quote from: newfidegm on February 22, 2017, 12:48:55 AM

Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?

What makes bitcoin prices is the users, speculators (both sellers and buyers), supply and demand, i think that's the basis. When the transaction becomes deal or match that's when the pricing takes place.

It is simple economics that works lie demand and supply. higher the demand more will be the price and vice versa. Also if huge big group form a cartel and buy/sell than it can effect the price and possible can even swing the prices as per their way.

You're right, friend. Only high demand and supply which makes the price of bitcoin change whether it goes down or increases in a significant way. Well, now all the best cryptocurrency prices are plunging, let's buy as much as you can, increase your contribution for the sake of growing the value of cryptocurrency.