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?
Just like what you like in economics the price in the market is affected of the supply and demand of the token itself, with much higher demand the higher the market prices will be and with the lower supply the higher the market price will be also. In bitcoin every transactions can be seen in the blockchain so it is not fully anonymous but there is no way to know who make the transactions, compared to a bank where every transactions are monitored and they might also be suspicious from where your money came from. There are some p2p transactions in some platform where you can buy and sell cryptocurrency, also exchanges can be considered as a middle man.