Post
Topic
Board Economics
Re: Factors that affects the value of bitcoin...
by
nickwen
on 06/10/2018, 11:48:48 UTC
In my opinion, the most influential factor, quite obvious and obvious, is speculation. Bitcoin speculation can bring huge profits. The risk of this currency makes it attractive to speculators. Since a commodity is a commodity, the value of Bitcoin is determined based on supply and demand. At the same time, the value of Bitcoin is affected by the mining process. Due to its great value, it makes people invest money in ultra-modern and expensive computer systems to dig.