Question from BTT Expert
Can anyone explain that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?
There is no mystery here, the price of bitcoin moves depending on the demand and supply like every single other asset in the world, despite the brilliant technology behind it bitcoin still moves depending on those two factors, right now we are seeing a very strong decrease in the price of bitcoin and that is simply because there are not enough buyers and most likely this is because a whale is probably selling some of their coins and is cashing on some profits.
About your second question, bitcoin is a peer to peer currency but only the bitcoin environments follows the premises of satoshi as soon as your money hits the banking system then every single one of your transactions is going to be analyzed, so no we are not deceiving ourselves.