Post
Topic
Board Pilipinas
Re: What causes the bitcoin price to go up/down?
by
Ilocanoako
on 23/01/2018, 18:46:05 UTC
mam/sir, question lang po kung ano po ang nagpapagalaw sa presyo ng bitcoin? halos pareho lang rin po ba ito sa stock market? malaki rin ba epekto ng ekonomiya dito?

There is only one thing SPECULATION, that the price just up.....so you buy low and sell it at a higher price.....

Not totally related to stock market or economy, BITCOIN has a GOLD and currency characteristic....

Why?

GOLD characteristic dahil deflationary ang bitcoin it is use as a store of value
Currency dahil pwede mo syang ipalit sa ibang product, madali rin syang itransfer sa ibang tao..