Post
Topic
Board Bitcoin Discussion
Re: Question of Bitcoin Price Change
by
TrumpD
on 20/09/2017, 13:55:59 UTC
i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

The value of a bitcoin is tied to the laws of supply and demand, expect it to move upwards regardless of the current downward trend. If something is both rare and useful,  it must have value and demand a high price, with all other things being equal.