Bitcoin is one of cryptocurrency.Unlike dollar cryptocurrency is not controlled by any government or central bank.The currency work like stock market where sellers and buyer can trade their local money for bitcoin or vice versa.Bitcoin value is different and depend on the investor some thing that bitcoin real value is higher than market price.
Who Set Bitcoin Price
Bitcoin price is set by demand and supply of Bitcoin.If more people desire to sell than buy prices will likely decrease and vice versa.This is same like of real estate and open marketplaces.When an open sell order and buy order meet at common price the order completes. The final trade price is the current bitcoin value.Some exchange list different bitcoin prices. Some exchanges operate independently of the open market and serve only their members.
How do you track the value of bitcoin?
Bitcoin value depend on investing goals and financial situations. If you have an account at an exchange brokerage such as eToro or Gemini can view the current price in your account online.You can check Bitcoin price publicly at any exchanges and market websites.
What is the highest value ever reached for one bitcoin?
The price of bitcoin reached $66,878 for a single bitcoin. Since then 50% down the price of one bitcoin i.e $30,000.
Bitcoin Value vs Valuation
When selling or buying any financial product it is key to differentiate between price, valuation and value.Valuation is analysis of an investment.The Value is the current price any one pay for something right now.Bitcoin value is the current market price its valuation is difficult to think.