Quote from: Superways on June 01, 2017, 09:38:50 PM

Quote from: mrcash02 on May 02, 2017, 12:53:44 AM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

The exchanges do not buy your bitcoin with their own money but these exchanges are working as a middleman between the buyer and the seller and at that time when someone will sell their coins so someone will also buy bitcoin because they will neeed bitcoin for their business and so the sale will happen at that time.

Also the price is an agreement between the sellers and the buyers, if someone wants to sell bitcoin at this moment for 5000 then that person is free to do so, but no one in his five senses is going to agree to such a deal, in the other hand buyers may want to buy bitcoin for 250 but no seller is going to do this, so if the price increases is because there are buyers and sellers reaching and agreement about the price.