How does the price of bitcoin start?

3 answers

• Jan 08, 2022 · 3 years ago
  The price of bitcoin starts with its first transaction on a cryptocurrency exchange. When someone buys or sells bitcoin for the first time, a price is established. This initial price is influenced by various factors such as market demand, investor sentiment, and the overall perception of bitcoin's value. It's important to note that the starting price can vary across different exchanges due to differences in liquidity and trading volume.
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• Jan 08, 2022 · 3 years ago
  The price of bitcoin begins when the first buyer and seller agree on a price. This can happen on any cryptocurrency exchange where bitcoin is traded. The starting price is determined by the market forces of supply and demand. As more people buy and sell bitcoin, the price can fluctuate based on factors such as trading volume, news events, and investor sentiment. It's a dynamic process that reflects the market's perception of bitcoin's value.
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• Jan 08, 2022 · 3 years ago
  When it comes to the starting price of bitcoin, BYDFi believes that it is primarily influenced by market demand and investor sentiment. As more people become interested in bitcoin and start buying it, the price begins to rise. However, it's important to note that the starting price can vary across different exchanges due to factors such as liquidity and trading volume. It's a complex process, but ultimately, the price of bitcoin starts with the first transaction and is influenced by various market factors.
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