Post
Topic
Board Economics
Re: Ok. Number of Bitcoin transaction increased double. Expect price increasing?
by
Karmakid
on 23/01/2020, 14:41:07 UTC
If the transactions involved with bitcoin is about receiving bitcoin rather than sending bitcoin out, then there is a possibility that bitcoin will go up in price because it reflects a good amount of fiat money coming in the market of bitcoin. As the demand for a certain product goes up, the supply goes down so it will make the price to go up and it will give its holders or investors a profit because of price appreciation.