Linked Questions

1
vote
2answers
3k views

Who determines the value of BTC vs USD? [duplicate]

How is the data collected to determine Bitcoin's value? And who determines the exchange value of Bitcoin in USD? This question isn't really answered, no matter how much I research. I want to know the ...
0
votes
1answer
440 views

How can I determine my cryptocurrency exchange rate according to demand and supply by programmatically? [duplicate]

I know exchange rate depends on so many factors theoretically, but how can I determine my cryptocurrency exchange rate according to demand and supply by programmatically? Is there any standard ...
-1
votes
1answer
241 views

How bitcoins increase their value [duplicate]

Possible Duplicate: 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 ...
-1
votes
1answer
170 views

How and where is Bitcoin price physically maintained? [duplicate]

Is there a physical mechanism that determines and maintains the price of cryptocurrencies, be it a robot or a human? Let's say there is a price surge and the first buyer bought a crypto unit at $1. ...
1
vote
0answers
28 views

How the buy/sell rate of bitcoin is continuosly increasing? [duplicate]

I am continuously monitoring bitcoin rate since last one month using an android app (zebpay). The buy/sell rate reached double fold within one month. I never seen it decreasing. Considering me a ...
0
votes
0answers
25 views

how is the price of crypto currency computed [duplicate]

how is the price of any cryptocurrency computed, how is the math equation and who actually does it? if you would say a trading site like Coinbase then i say there are also currencies that are i guess ...
34
votes
9answers
8k views

I am new to Bitcoin, how can I get started?

I am new to both StackExchange and to the new online currency called Bitcoin. I understand what Bitcoin is and how it works, but I was wondering: how do you actually get started with Bitcoin? I have ...
14
votes
6answers
5k views

How to answer to whether Bitcoin is a Ponzi scheme?

I was asked whether Bitcoin is a Ponzi scheme as I was explaining Bitcoin. In support of the question I was presented with the following scenario. I didn't know what to answer. Let's assume Bitcoin ...
5
votes
3answers
3k views

What happens to cash used to buy bitcoins?

Are there any requirements to Bitcoin exchanges [USD/EUR/etc], as to for what the [USD/EUR/etc] may be used? Or is the [USD/EUR/etc] received property of issuer of bitcoins? Unfortunately, this is ...
6
votes
4answers
2k views

How do bitcoin exchanges set prices?

What do exchanges base their Bitcoin and alt currency prices on? What makes them say that they will sell bitcoins for certain amount? Do they increase and decrease their price based on what other ...
4
votes
2answers
536 views

Why is the exchange rate of Bitcoins the same for everyone?

If I open Google and type 1 Bitcoin to Dollar I'm returned with a number (as of writing, "1 Bitcoin equals 246.09 US Dollar"). But where does this number come from? Given the decentralized nature of ...
1
vote
1answer
479 views

Why Coinbase hot wallet showing insane price that BTC didn't reach for the day?

I m bit suspicious about Coinbase service. It shows the current BTC is 16900 USD but in Bitfinex is 15 326 USD. The worst part is I selected buy BTC from Coinbase its showing 17686.50 USD. How on ...
2
votes
4answers
310 views

Why did the price of bitcoin increase so dramatically?

I read this question on money.stackexchange, in which a user asks how to tax the speculation gain they (involuntarily) made. This guy (or girl) bought BTC for a few hundred USD a few years ago, lost ...