Hi guys!
I'm new here and just wanna ask what determines bitcoin value?
I know that everything is about supply and demand, but would like to have a more detailed knowledge with regards to this.
Any help extended will be greatly appreciated guys.
It's always in supply and demand. If the price hike the traders sell their stocks that why sudden dip happen. When the price dip some try to hold it to avoid loses then the price will hike again. If you plan to trade better to study first the behavior of the market otherwise you will end up losing your money.