otherwise wouldnt have encountered. Supply and Demand, the general answer to why this price? Google trends data (from 2011 to the present) for the search term Bitcoin. Bitcoin is ultimately worth what people will buy and sell it for. The daily power cost of all mining is estimated around 500,000. Dont allow your emotions to dictate your actions in the market; this is best achieved by determining a strategy and sticking. 2015 Bitcoin chart by Tyler Durden of Zero Hedge. Press-Ready Charts, bCH BTC, leave Feedback, bitcoin Cash (BCH) Price. Market Manipulation No discussion of Bitcoins price would be complete without a mention of the role market manipulation plays in adding to price volatility. Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced.
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Bitcoin Statistics, bitcoin Price 4033.73 USD, bitcoin ROI 2881.32, market Rank #1, market Cap 71,003,951,574 USD 24 Hour Volume 10,676,421,175 USD. Gox prior to its failure and recently on the Winkelvoss Gemini exchange. Such a reflection of public interest tends to correlate strongly with price. This would eliminate the wide disparity between the official and black-market peso/USD exchange rates. More forex historical data download csv Data, how Much was 1 Bitcoin Worth in 2009?