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.
No, there is no central authority in charge of regulating the price of bitcoin, and this is the only justification given for calling it a decentralized currency. The demand and supply of investors, much like what we are seeing now that many banks are having problems, is what drives the price of bitcoin. This has led to an increase in price. Additionally, bad news like exchanges collapsing or a government threat against bitcoin or another cryptocurrency causes investors to withdraw their holdings, which lowers the price.