Post
Topic
Board Bitcoin Discussion
Re: Some Factors That Determine Prices of bitcoin
by
SquallLeonhart
on 12/04/2023, 14:10:34 UTC
BTC's fundamental is essential but no ordinary people have the time to delve with it. It is only the transaction between sellers and buyers. Price is determined to where do they are willing to buy and sell. It is a matter of liquidity. The market is driven by the emotions of every people engaged with it. So how can the banks shaken the funds of those people? By fear.
Emotions shouldn't be involved and yet it is. The reality is that we should be fixing the market by just figuring out the fact that bitcoin always recovers and goes back up, look at it now its going up and people were questioning if we will fail to go above 30k and start going down a lot. The market responded with a stern No right away in a day.

We should stop doubting the market and stop using our emotions to trade and maybe start focusing a bit more towards how we could make a profit from this situation. Keep on insisting and get bitcoin, that is they only way we could make a profit and should be a lot better to have something like that going on then just hoping it gets better in the long run.