How bitcoins increase their value

-1

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 how much a coin worths ?

Thanks

opc0de

Posted 2013-01-28T12:39:18.743

Reputation: 229

Question was closed 2013-01-28T18:46:56.807

Hi opC0de! This question has been asked and answered before. See the link attached to your post. – D.H. - bitcoin.se – 2013-01-28T18:47:35.577

Answers

1

There is no central pricing body. The open market is determining the price. What customers of the exchanges are willing to pay and the price at which sellers are willing to sell is the price of bitcoins.

Colin Dean

Posted 2013-01-28T12:39:18.743

Reputation: 6 559

Asked: 2013-01-28T12:39:18.743

Viewed: 241 times

Active: 2013-01-28T14:32:33.357