Re: Is bitcoin price control by human agents or electronic technology?
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 Bitcoin/crypto prices are estimated by gathering a bunch of buy/sell orders, which are made on the big crypto exchanges. Why is this so hard to understand? The price goes up, when there are too many buy orders and less sell orders and vice versa.
Of course, many traders are using automatic stop loss orders and there are some traders, who are using trading bots. This leads to bigger automation of the trading process, but that's not a big deal. What do you mean by "electronic technology"? This sounds like a boomer term, made up by somebody, who doesn't know how to use a computer.
