Post
Topic
Board Beginners & Help
Re: Who sets the price for crypto currency?
by
Silver80
on 31/08/2021, 11:51:23 UTC
hi,
still one thing I don't understand: if for fiat it's the central bank governor for a country that decides the local daily currency price against the other fiat currencies, who decides the price for crypto? Bitcoin Core software? Exchange platform software's AI?

thanks

this is like the classical economic theory "if supply increases and goods come out aka stock runs low, it will increase, and vice versa if supply is less then there will be a decrease in price" here you have to look at the sales chart on the market, that also happens in the case of dumps and pumps.  I hope this helps.