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 price of bitcoin depends on the stock, if the stock are lot, the price will decrease and if the stock is small the price will increase also. The reason of big increasing of price is because of the investor, countries and businessman that buy bitcoin, the equivalent price become huge and if they sell especially in local currency the equivalent price will slowly down or in just a moment it will fall.
Actually, in every transaction their is a fee, it means their a people who earn money in every transaction.