Post
Topic
Board Bitcoin Discussion
Re: How Satoshi Nakamoto Fooled the World
by
minime0105
on 07/07/2022, 15:08:35 UTC
So I think what you are saying is that Bitcoin doesn't have any inherent value in it. This I believe (to the best of my knowledge, someone correct me if I am wrong. I am also still learning) is true. Bitcoin price is simply determined by supply and demand. And like gold or silver or copper, exchanges have put a price to the scarcity of Bitcoin and the demand for it which is what determines price.
Bitcoin price is determined from the demand and supply of the investment and particularly those people that make supply or make support for cryptocurrency to get values.when ever the price changes their is something behind it, either the price is for good or bad, but it can come to the market and for benefits of people when investors who buy cryptocurrency is much than who supplies cryptocurrency.