I want to know what determines the price of Bitcoin as the year always come and go. I was researching on when Bitcoin was created and how the price continued to grow as every years passes by, tho the price continues going up and down but regardless of the unstable price, Bitcoin continually experienced growth in price and market size, that's why I want to ask if the price of Bitcoin is determined by only investors/buyers, if that's a yes, then does it mean that if everyone take a pause from buying or selling for like a week or more, the market will stand still? A good explanation will help me understand this thing better.
The screen price is based on supply and demand, it is the free market in its purest essence... if there are more buyers than sellers the price goes up, otherwise the price goes down, it's that simple... and as the supply of bitcoin is always decreasing, the price has a tendency to rise to infinity, since fiat currencies are printed without a pre-defined quantity.