Quote from: TheGreatPython on Today at 03:36:36 PM

Quote from: Hobo66 on January 21, 2021, 02:21:35 PM

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 is peer-to-peer in the sense that you can send it directly to anyone without the need for any middleman, that’s why it’s called peer to peer. Take for example, if you have to send money to someone abroad using banks, banks will serve as the middleman between you and the person receiving the money and it can take the money days to arrive, whereas when you are making use of cryptocurrency you can send the money to them directly and they will receive it at that moment. I don’t see anything difficult to understand in this. Bitcoin is truly peer to peer.

And crypto or bitcoin assets depend on the balance of supply and demand and it has become the law of the market, when crypto assets are popular and there is a lot of demand, the price will go up and vice versa if the supply is high while the demand is low then the price will go down.
and I think the OP has a hero rating, which I think definitely knows the answers to all its questions.