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/biz/ - Business & Finance

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4943708 No.4943708 [Reply] [Original]

What determines the price of BTC/ETH/LTC?

>> No.4943719

the market

>> No.4943736
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4943736

>>4943708
which exchange offers this three-way pairing?

>> No.4943745

>>4943708
whoever can print more tethers.

>> No.4943760

>>4943708
demand, like pretty much everything in the world

>> No.4943783

the labor put into making one :^)

>> No.4943837

>>4943708
Speculation. Literally nothing

>> No.4943873
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4943873

>>4943708

fucking sperg

>> No.4943890

>>4943708
normies on coinbase

>> No.4944008

>>4943708
satoshi sits at his desk and decides what the prices will be every hour.

>> No.4944047

>>4943708

Demand>Speculation>Demand>Fear>Speculation>Demand

>> No.4944073

>>4943708
They're calculated by bitcoin inc. and then sent over the main bitcoin server to the exchanges.

>> No.4944098

>>4943708
The oracle

>> No.4944149

>>4943708
Pajeets

>> No.4944244
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4944244

>>4943708
Supply and demand, but prices are sticky, and so when prices are manipulated they stick.

>> No.4944348

>>4944244
Thank you for this, seriously

>> No.4944371

>>4943760
I'm a noob but if this is demand, shouldn't bitcoin fall in favor of other, better crypto in the future? Like isn't LTC supposed to be better than BTC?

>> No.4944914

>>4944244
>>4944348
..

>> No.4944936

>>4943719
this
anon plz read a basic economics book

>> No.4944981
File: 41 KB, 645x773, 1512272764325.gif [View same] [iqdb] [saucenao] [google]
4944981

>>4944371
>BTC losing the newcoins
>Loving new coins this much

No coin can reach moon besides BTC
Build a time travelling machine cause no coin can rival

>> No.4945044

>>4944244
keynes plz leave.

rothbard plz arrive.

>> No.4945205

>>4944981
Of course rn btc is the bigger name but technically there are better cryptos right?
Just look at ltc

>4x as many coins (84 million vs. 21 million for Bitcoin)
1/4 the block confirmation time (2.5 minutes vs 10 minutes for Bitcoin)
Scrypt proof-of-work (simpler and less energy-intensive mining

so in the future, when this gets serious, why would people invest in a crypto like btc when there are better alternatives?
(this is actually a genuine question I'm not even sure myself)