Quote from: dayem708 on March 12, 2018, 06:48:55 PM

Quote from: rortan75 on August 06, 2017, 09:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

The value of bitcoin is tied to the inherent laws of supply and demand, according to crypto exchange Coinbase.
When demand is so high and supply is lower than demand that time Price gonna so high !

This is some good explanation because more demand of anything relates to its unavailability in the market and the moment anything is not available to purchase, then those who own that particular thing decides about the value. Bitcoin has a good feature that its availability is determined automatically and not by the personnels so the price set is really according to that so that no one person has the capacity to decide the worth of the bitcoin.