<p>There is no central pricing body. The <a href="https://en.wikipedia.org/wiki/Open_market" rel="nofollow">open market</a> 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.</p>

CC BY-SA 3.0
2013-01-28T14:32:33.357Z
2013-01-28T14:32:33.357Z
Colin Dean
<blockquote>
  <p><strong>Possible Duplicate:</strong><br>
  <a href="https://bitcoin.stackexchange.com/questions/2566/how-is-the-exchange-rate-for-bitcoin-established">How is the exchange rate for Bitcoin established?</a>  </p>
</blockquote>



<p>I notice that bitcoins are sold on the market with alternate prices. </p>

<p>How is their price established ? </p>

<p>Who is establishing how much a coin worths ?</p>

<p>Thanks</p>

CC BY-SA 3.0
2013-01-28T18:47:35.577Z
Hi opC0de! This question has been asked and answered before. See the link attached to your post.
D.H.
<bitcoin-economy>
How bitcoins increase their value
opc0de
# How bitcoins increase their value

(Asked by: username_0 on 2013-01-28)

> **Possible Duplicate:**  
> [How is the exchange rate for Bitcoin established?](https://bitcoin.stackexchange.com/questions/2566/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

**Tags:** bitcoin-economy

> **Comments:**
> **username_1**: Hi opC0de! This question has been asked and answered before. See the link attached to your post.  

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## 1 answers

### Answer by username_2 on 2013-01-28. Score: 1

There is no central pricing body. The [open market](https://en.wikipedia.org/wiki/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.


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