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?
Bitcoin up and down simply because of demand and supply. It means, if the people buy bitcoin the value of it will go up and on the other side, if people sell their bitcoins of course the value will go down, Simple, right? Banks is centralized, if you put your bitcoin in a bank they will surely ask your information so that they monitor your funds. Bitcoin is originally decentralized which mean you are the only liable with your bitcoins and there is no middle man that can make a transaction with your own bitcoin unless it was from exchange.