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?
The reason why the price of Bitcoin goes up and down is just the simple principle of buying and selling on a market platform where no has control of the amount of the crypto coin on the market. If there is more demand for Bitcoin, which is people buying more than selling, the market value goes up. Also, if people are selling more than the rate at which other are buying, the market value drops. This is the simple principle behind why the price goes up and down.