Quote from: ZAINmalik75 on Today at 04:29:58 PM

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.

Because of the decentralization of Bitcoin there is no center authority who control the price and movement of Bitcoin, it's true that some how number of people(whales) affect the price of Bitcoin due to number of Bitcoin supply they have, because when someone has a large number of Bitcoin and he sell it simultaneously then we can see a dump in Bitcoin and the reason is simple supply and demand formula,
News play also an important role in Bitcoin price because due to bad news like exchange hacking produce negativity in market as results price drop also positive news does opposite to it.

Even other assets that are not decentralized do not have a central authority which determines their price, humans took a long time but we finally understood the law of supply and demand, and once we did we realized how useless it was to try to do this, one very famous example are price controls, in which governments try to keep the price of food fixed so it is affordable for people during a period of high inflation, but if governments do this then the businesses selling that food will go bankrupt, and then there will be an even lesser supply of that food, which will increase its price on the black market.