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.
Bitcoin price changes with time and fortunately over a long time, its price is very parabolic bullish and upward.
There are many people in Bitcoin market and they are either investors, traders or speculators but they all contribute to buying and selling activities as well as trading volume on the market. I hope that you now can see that Bitcoin price is not determined by only investors/ traders / speculators but all of them decide it together.
https://charts.bitbo.io/yearly-candles/