Post
Topic
Board Bitcoin Discussion
Re: What determines bitcoin value?
by
Chinatsu Akasaki
on 23/01/2018, 05:06:39 UTC
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.

Bitcoin is a decentralized entity, in which no one can manipulate its operation and wherein its value only depends on how the market goes. Bitcoin, follows the rule of supply and demand in which its value increases as its demand increases because of bitcoin's limited supply. Price changes in bitcoin is always due to some external factors, like its market as mentioned above, and the infrastructures surrounding the bitcoin community. Just like in some other form of investments, its value loses when investors pull out their assets.