Quote from: Ataiwo913 on March 12, 2023, 09:25:38 AM

the price will go up because more demand for that product exists than supply.

It's literally how prices on everything work, but it's not that simple. I highlight the reason why bitcoin won't go up until the economy will get rid of the existing problems and inflation is one of them (and the big one).

Quote from: Ataiwo913 on March 12, 2023, 09:25:38 AM

If demand for bitcoin falls, it might result in a rise in price as people sell their products at a reduced cost.

No, if demand goes down and supply up, the price goes down as well.