Quote from: Greggry on April 19, 2023, 07:21:48 AM

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

The price of Bitcoin fluctuates based on people's demand. Bitcoin price does not fluctuate with electronics. For example, a news portal that a country will accept Bitcoin spreads to everyone and people see it and start investing. Then everyone will want to invest. For this, the price will gradually increase. People will invest from that high position. At some point the price of Bitcoin will increase a lot. In fact, the price of Bitcoin fluctuates based on people's investment needs. Those who think that the price of Bitcoin can be driven by electronics are completely wrong.