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How is the exchange rate for Bitcoin established?

I notice that bitcoins are sold on the market with alternate prices.

How is their price established ?

Who is establishing how much a coin worths ?

Thanks

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marked as duplicate by D.H. Jan 28 '13 at 18:46

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

    
Hi opC0de! This question has been asked and answered before. See the link attached to your post. –  D.H. Jan 28 '13 at 18:47
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1 Answer 1

There is no central pricing body. The open market is determining the price. What customers of the exchanges are willing to pay and the price at which sellers are willing to sell is the price of bitcoins.

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