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.
Yeah the price movement of Bitcoin is determined by those buying or selling . That's why is a community driven token , owned by know one but is for everyone . In Bitcoin there ain't no third party in it , thats why there's always Massive drop in price when folks are selling massively especially due to panicking cause by any external effect like war and stuff same goes for buying whenever there's good news most time in the market the buying volume is usually high .