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?
As like other asset, Bitcoins too follow the era of supply and demand.
As there is a fixed amount or supply of Bitcoins, so when the demand is high, the supply becomes less.
And sadly this leads to the rise of the price.
And the reverse happens when the demand is less.
You can easily see and demonstrate it yourself in any exchange’s trading area.