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?
Simply demand and supply. If there are more demand for coins than are available to sell, price goes up. If there are more supply for coins than are available to buy, price goes down.
I guess you mean
if we are buying/exchanging it through "fiat money", at the bolded?
It's actually a peer-to-peer currency until you send it through third-party/centralized service