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,
the price is determined by supply and demand and we know that bitcoin's supply is fixed so we just have to look at the amount of demand or how much buyers are wanting to buy bitcoin at any given time
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.
yes the market will basically freeze there will be no changes the price will not go up nor down but of course this will never happen as there are traders from different parts of the world