Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
We are the ones who are creating the price of bitcoins because the market values will always increase if there are a lot of investors in the market, the lack of supply will make the price of bitcoins or any cryptocurrency to skyrocket.
What the hype does is suddenly attract crowds of investors, which makes the stock price of bitcoin go up rapidly, attracting ever more people until reaching a point where the price becomes overinflated and adjusts.