Post
Topic
Board Economics
Re: Why the Bitcoin is still down?
by
wxa7115
on 07/05/2019, 16:49:37 UTC
what is the another ways to lifted up the Value of bitcoins in the market?
I don’t know why people keeps on asking this question all the time. There is no better explanation you will get than the price is determined by rate of demand and the rate of supply. I don’t know what other explanation you guys are looking for. There is no trigger to pull and raise the price up or take it down. It’s all about the activities of the traders. When there are lots of traders buying, the price starts to go up and that’s it.
They keep asking the same question because deep down they wish there was some way to change that, they wish they had a switch that could make the price of any coin they invest in to go up very rapidly and make profits that way, but for people like us that is nothing more than a fantasy and we know it is not possible to have something like that, so the only thing we can do to try to get profits in this market is to improve our strategies and to have a greater control over our emotions than our peers.

That is important because if they lose control of their emotions while you do not then they will eventually lose money to you and other intelligent traders.