Topic: Bitcoin price, am I right? (Read 839 times)
Yes, in a simple way the one that drive the price is the supply and demand, when there are more demand then the price will go up, but in reality there are so many things that could affect the demand and supply, like news or whales, the one that you need to learn is how the market move
You understood it right, it's based on supply and demand and people are investing here because it's expected that crypto will grow and will increase its demand long run. Also, we have to consider the possibility of loss coins that will lessen the supply in circulation, and those holders that are not selling which would also help the price to even rise more, therefore I suggest to invest in bitcoin as it's the best coin in the crypto space.
It made allot of people so rich and there is no doubt in crypto that price will be high one day. Because of crypto volatile nature I believed in unexpected increase of prices. It is all about the holders of crypto which makes them to become successful investor but holding should include profitable result on case of holding.
Returns since 2013 in bitcoin are not that impressive if you think about it. If someone bought in at $1000 and held they are up 10x rn. There are hundreds of stocks that have gone up way more than 10x in the last 5-6 years during this stock market bull run. And that is with an unlimited supply of each and every stock.For the risk and scarcity the price of bitcoin right now should be $50000 minimum. $10k is a joke.
that is not true, logically, if bitcoin always rises when people invest, many people have become rich and successful in this country
Bitcoin value will keeps on rising if there's more demands from the market, but like what you have said the market is not like that there's buy and sell things that's needed to consider while investing around this industry, you have to learn all the basics and keep it in mind that with volatile market the risk is much higher than you expected it.It might looks highly risk but if we are going to hold it longer then we may feel safer.
Exactly, it's based on supply and demand and that's the nature of crypto assets, except those stable coins.
Bitcoin has a high demand now compared to the entire market of altcoins, it's currently holding a dominant rate of 68% as of this time and that makes investors of bitcoin profitable over investors of altcoins. However, since you are not in the early stage of investment, you should also consider doing the right timing when you enter and buy.
Bitcoin has a high demand now compared to the entire market of altcoins, it's currently holding a dominant rate of 68% as of this time and that makes investors of bitcoin profitable over investors of altcoins. However, since you are not in the early stage of investment, you should also consider doing the right timing when you enter and buy.
totally right, this is how every market works. i have read that there is only 1 mio btc really in trades on exchanges, rest is holded. also keep in mind that 5 or 6 million btc are gone forever cause of lost of private keys.
In my opinion the price of bitcoin is the same as the market price in general because it is determined by demand and supply, although behind Bitcoin there are investors who play a little so that the price of bitcoin becomes cheap or expensive, maybe in a fairly simple way for example by buying bitcoin in quantities many so that prices are expensive, and sell massively so prices fall
Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.
It’s vary from supply and demand the more demands the price increase. People attracts to bitcoin because of it’s benefits can get and the return of profit when investing. With the fiat money indeed it has many factors that differ from btc. So basically the demands were btc price is increasing. 
Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.
Yes it's just easy as that the more people wants to buy bitcoins the higher the price it will get and the more people wanted to sell it the lower the price it will get. But I may say this to you that it's not always like that the market are volatile just like the price of the coins and there are times that even though there are many sellers the price still gets higher and vise versa, soon when you enter the trading industry you'll experience this.
Actually basic market knowledge is like that, but there are thousands of aspects that affect the market and demand. what makes the demand go up, what makes the supply excess there are many reasons behind it. I say that bitcoin market is not only about demand and supply, fluctuations that are sometimes unpredictable, and so on. there are still many other things you must learn dude. 
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Yeah mate. You got it right.
Bitcoin follows the policy of supply and demand.
So if the demand is high, supply will be less, for which the price will definitely go up.
This thing is also termed as marketcap or trading volume.
I would suggest you to do a more research on bitcoin trading, before investing any amount in it.
We all need to understand that Bitcoin has a limit of 21 million. So supply and demand plus the inflationary nature of Bitcoin makes it a good asset and as we see in the first 10 years along, it did reach a major milestone hitting almost $20,000 is 2017.
And in the next 10 years or so it is expected that the price will continue to grow as the rate of new Bitcoin being mine are going to slow down and the demand will obviously goes up as well.
And in the next 10 years or so it is expected that the price will continue to grow as the rate of new Bitcoin being mine are going to slow down and the demand will obviously goes up as well.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Basically, yes. Not just in bitcoin but for the whole market. We are talking about Economics 101 here. . . .
Just the simple demand-supply situation, indeed. When demand goes up (but limited supply), price tends to go up. This works on every aspect of the market in general.
And I would just like to commend your attitude about learning how things go around here in crypto world. Just keep it up because you're in the right place in learning what you need to know.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Basically, yes. Not just in bitcoin but for the whole market. We are talking about Economics 101 here.
Before going on long writing for a much detailed explanation, what's the next question?
I saw your other created topic after this but somehow, it's more of a new subject so I guess that's not your follow-up concern.
Reading through people's comments, I am sure you might have understand all you need to know, OP.
Aside following the rule of supply and demand, Bitcoin price is also affected by FOMO and FUDs which has to do with investor's emotions and how they perceive it and react to it.
That been said, check out this articles to understand more; https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Aside following the rule of supply and demand, Bitcoin price is also affected by FOMO and FUDs which has to do with investor's emotions and how they perceive it and react to it.
That been said, check out this articles to understand more; https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
I would say that supply and demand works as an overall framework to understand the way price action moves longer term for sure.
But you might want to complement that understanding with how the price was first established and that was an approximate cost of electricity needed to generate a single bitcoin.
I still believe some cost plays into pric even today. Miners, at least the organised ones, still feel they have to set a floor price to at least break even.
But you might want to complement that understanding with how the price was first established and that was an approximate cost of electricity needed to generate a single bitcoin.
I still believe some cost plays into pric even today. Miners, at least the organised ones, still feel they have to set a floor price to at least break even.
Bitcoin is mostly transactional and its customers arent great wealth holders in general, people do hold it because its a growth asset and cutting edge but the back bone of this BTC price is if a greater number of people are doing transactions this year then the previous years.
If more people do transactions even though they are spending BTC, it becomes a currency with a higher monetary velocity and the worth expands to match the worth found in deals done the world over, ie. I see it as useful and so justifying worth at that point. To some extent the customers will keep some change in their wallets so holding is increasing.
Other major currencies of the world do have giant holders, central banks who store it as an asset and so BTC is not in the same league as those conventional holdings.
If more people do transactions even though they are spending BTC, it becomes a currency with a higher monetary velocity and the worth expands to match the worth found in deals done the world over, ie. I see it as useful and so justifying worth at that point. To some extent the customers will keep some change in their wallets so holding is increasing.
Other major currencies of the world do have giant holders, central banks who store it as an asset and so BTC is not in the same league as those conventional holdings.
that is easy of course the answer is correct when more people buy, prices will rise and vice versa, you should write the next question and some people will answer.if you are still learning, read more about bitcoin if there is free time.because there are several factors that can influence the movement of the price of bitcoin like good news about bitcoin then it can encourage people to buy bitcoin.
Have you read an article or another source to know about bitcoin? If you have I suggest to you for read all of them, don't just cut some parts that you think are interesting. I believe if you read and try to understand you won't choose such this question. Maybe your question will be deeper either technically or fundamentally. Bitcoin price is depend on supply and demand, hopefully you have understood the concept of them. So as you will find more about some factor who will makes bitcoin price up and bitcoin price down.
You are on track. Except that you forgot to mention supply. In any market (including cryptocurrency), variation of price of product (like Bitcoin) is as a result of the forces of demand and supply. The supply of Bitcoin is limited, and one can say it reduces everyday as some people do lose access to their bitcoin.
As more use cases of bitcoin comes, so will the demand for the it. While that demand is increasing, so will the value/price of Bitcoin.
Do note that sometimes, some people(they call them whales) just demands for bitcoin in huge amount just to allow Bitcoin increase in value, and then sell in no time.
We all keep learning. Next question?
As more use cases of bitcoin comes, so will the demand for the it. While that demand is increasing, so will the value/price of Bitcoin.
Do note that sometimes, some people(they call them whales) just demands for bitcoin in huge amount just to allow Bitcoin increase in value, and then sell in no time.
We all keep learning. Next question?
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
imo price goes down when people buy. traders trade against new money so no one can artificially buy the market upwards. if someone placed a buy for $1 million dollars worth of btc the price would tick up, but then the bots and traders would crash the price on purpose so the person who bought can't immediately turn around and sell for a quick profit. big buyers are also tested to see if they panic sell into a sudden plunge. Its a game of nerves. ever notice when you buy price goes down and when you sell price moves up. no easy money here.
OP asked the question yesterday and said before I move on to my next question I want to ask if I am right, now it has been over a day and the answer is simply "mostly" yes and he hasn't asked another question. Maybe we should wait and see what the second part of the question is in order for this one to make sense.
If you really want an answer yes its demand but there is also people who do bulk movements and that is not representing the demand for the coin.
For example, when bitcoin price is going up there could be some whale who want to take advantage of it and sell bunch of their coins in thousands and then they will drop the price of bitcoin and suddenly demand will stop and price will go down. That is not because "demand of bitcoin" stopped, its actually whale scaring people off from it while they still want to be in it.
If you really want an answer yes its demand but there is also people who do bulk movements and that is not representing the demand for the coin.
For example, when bitcoin price is going up there could be some whale who want to take advantage of it and sell bunch of their coins in thousands and then they will drop the price of bitcoin and suddenly demand will stop and price will go down. That is not because "demand of bitcoin" stopped, its actually whale scaring people off from it while they still want to be in it.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
You are very right buddy as that one of the basic principles of economics the forces of demand and supply always affect the price of every commodity either to an upward direction or downward direction although, you didn't not mentioned supply side in your presentation above. Supply in this case could either be through mining and the willingness of the holders to sell at the prevailing market price. It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
However, not all dump is a result of real demand, the market can be manipulated, so that's something to consider in analyzing the price.
You mean not every pump is the result of real demand?
I don't consider pumps to be manipulation at all (assuming real money is being used to drive the price up), regardless of what the purpose is. Also, most pumps or dumps that people consider to be manipulation, are the result of long/short squeezes. The lack of liquidity makes it look bad, but it's perfectly normal if you look at how thinly traded this market is.
Manipulation is more like banks saying they think Bitcoin is a fraud but then buy the dip behind the scenes, which JPMorgan has actually done.
yes, that was a pump, sorry.
Well, I respect your opinion but I still believe pump and dump can somehow be a cause of manipulation.
For example, a whales will pump the price so there will be a FOMO, and once people get FOMOd, he will sell to take profit, then it will result to a dump.
It's just about the value, if we think the price is overvalued or undervalued, there's always an opportunity to earn on the situation.
Basically your understanding again bitcoin price movement is right that the movement price of bitcoin just depend on supply and demand. When many people buy bitcoin at the one time then its price will be up drastically and vice verza. However, that is the first thing that you should know and yeah that is important to be known by most user especially for newcomers to invest in bitcoin.
Afterward, when you start to invest or maybe you will choose to trade in bitcoin then you have to know other aspect which can make bitcoin price moving up and moving down especially when you choose trading bitcoin as your income. There is at least two strategies you have to know and they are fundamental analyst and technical analyst. Learn more about them before you start to spend your money and you will be comfortable to face everything in the future.
Afterward, when you start to invest or maybe you will choose to trade in bitcoin then you have to know other aspect which can make bitcoin price moving up and moving down especially when you choose trading bitcoin as your income. There is at least two strategies you have to know and they are fundamental analyst and technical analyst. Learn more about them before you start to spend your money and you will be comfortable to face everything in the future.
It is actually easy to understand.
Think about any rare item in this world. E.g. Monalisa painting by DaVinci, gold from shipwrecks, Harley Davidson bicycles.
With them being rare the demand is getting higher. Same with bitcoin.
The total is supposed to be 21million but there are a lot of it that are now missing or already lost.
Understanding the market will be easier if you think like that.
I get that thinking, but I have seen enough very scarce items that don't fetch much at all given how rare they are. In the same way, there are very scarce altcoins with a total supply of under 1 million, but they aren't worth much at all.Think about any rare item in this world. E.g. Monalisa painting by DaVinci, gold from shipwrecks, Harley Davidson bicycles.
With them being rare the demand is getting higher. Same with bitcoin.
The total is supposed to be 21million but there are a lot of it that are now missing or already lost.
Understanding the market will be easier if you think like that.
In order for something scarce to fetch a premium there has to be a market for it, and people have to appreciate and value the scarcity and utility it brings, and that's not the case with most items or assets.
I have been buying rare gameboys for almost 10 years now, and while some of these units have less than 20 of them that were ever created, the value mostly doesn't top $3000. It some times even surprises myself how this market is.
However, not all dump is a result of real demand, the market can be manipulated, so that's something to consider in analyzing the price.
You mean not every pump is the result of real demand?
I don't consider pumps to be manipulation at all (assuming real money is being used to drive the price up), regardless of what the purpose is. Also, most pumps or dumps that people consider to be manipulation, are the result of long/short squeezes. The lack of liquidity makes it look bad, but it's perfectly normal if you look at how thinly traded this market is.
Manipulation is more like banks saying they think Bitcoin is a fraud but then buy the dip behind the scenes, which JPMorgan has actually done.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Yeah you are right it just a matter of simple Economics subject where theres a high demand then there would be a high price.It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
So what would be your next question?
Btw,welcome to this very speculative market and be ready to ride up a very volatile market.
Demand and supply is basically the main factors in the market dynamics of Bitcoin. There are many other factors which affect customers willingness to buy such factors can cause fear, panic, and drive people to dump i.e sell at a lower price than it's worth, it can also lead to FOMO and make investors come in regardless of the growing prices.
The media plays an important role in investor behavior and affects our decisions, so it's also an important price determinant.
The media plays an important role in investor behavior and affects our decisions, so it's also an important price determinant.
Most likely you are true, every things on the world raise price by depending on demand. So bitcoin isn't different from other things on that case. Its basic logic for bitcoin, when more investors enter on bitcoin then bitcoin start raise price. There is few more thing related about raise price but everything will be ended on the public demand. So Beside of public demand bitcoin price should be raise.
It is actually easy to understand.
Think about any rare item in this world. E.g. Monalisa painting by DaVinci, gold from shipwrecks, Harley Davidson bicycles.
With them being rare the demand is getting higher. Same with bitcoin.
The total is supposed to be 21million but there are a lot of it that are now missing or already lost.
Understanding the market will be easier if you think like that.
Think about any rare item in this world. E.g. Monalisa painting by DaVinci, gold from shipwrecks, Harley Davidson bicycles.
With them being rare the demand is getting higher. Same with bitcoin.
The total is supposed to be 21million but there are a lot of it that are now missing or already lost.
Understanding the market will be easier if you think like that.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
firstly congratulation and welcome to crypto community,thats what is good t do study and learn first before entering to invest so you won't lose big money insideQuote
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
thats what you can Supply and Demand in which most market has to make the prices move.the more buyers the high the price goesQuote
Before asking the next part of the question, I need to know that, is what I was understood right?
yes you are right,keep on tracking and Goodluck
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Maybe right, because bitcoin price determine of market. When people sell and buy bitcoin and then we can decide if bitcoin price is rised or dumped. For a lot of reason that can affect bitcoin price, market is something that we can called decide bitcoin price increased or dumped. It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
That's the basic principle of supply and demand...
^ Definitely right that is because bitcoin is a digital currency which is limited supply throughout. It is the price certainly depends upon its demand and shortage of the supply. But there are some factors that may also affect the price. The market players or also responsible for its rate on the market, known us as whales. 
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Whenever people or investors invest into bitcoin the price go up and when funds are flow from bitcoin to usd or any other currency it means bitcoin is bearish. The inflow and outflow of funds is still subject to the economic laws of demand and supply of money. However to make it easier expert has developed many economical and technical indicators that predict the inflow and outflow of money for those that want to invest in any of the assets and it is good now that you are new to develop strong desire to learn how this market works before investing. It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
That's the basic principle of supply and demand...
When the demand is high, the value will rise, that's what happen to Bitcoin due to its fix and limited supply.
However, not all dump is a result of real demand, the market can be manipulated, so that's something to consider in analyzing the price.
When the demand is high, the value will rise, that's what happen to Bitcoin due to its fix and limited supply.
However, not all dump is a result of real demand, the market can be manipulated, so that's something to consider in analyzing the price.
Yes, it will affect to bitcoin price to increase but don't forget that it depends on how much big bitcoin in the next price or the supply because if the supply still has a big amount, the price will not increase in short. People will need to wait until the supply is gone so the price can grow to the next price and sometimes, the price not increase although there is a big demand from people to buy bitcoin. But in a long time, the price can move to the higher price, and that means, the price will increase too.
The demand may highly effect the price but it will still depend on the the market whether it is going to turn red or green. The market is so volatile that even though a lot of people buys it, things may turn the other way.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Demand should be the reason of the pump and a bull market, but in bitcoin every news and hype matters the most. There’s so many whales that can pump and dump the price, that’s why its volatile market. If the demand for bitcoin has increased by real numbers, then expect a new peak. It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
you can't forget about supply. the full mechanism for price discovery is supply and demand.
if demand increases by x but supply also increases by x, then the price will remain the same. so when demand outweighs supply, price rises. when supply outweighs demand, price falls.
this is still an oversimplification of course, but it's a better model than only focusing on demand.
The price of coins is dependant on demand and supply. If a lot of people want to buy Bitcoin, but the supply is smaller, the price increases and vice versa. That is why people are encouraged to Hold Bitcoin, that way the price will definitely rise.
Yes that's right it is determined by demand and supply so the law of it applies. And that's why it is so volatile and there's no way to be sure on what's going to be the next price of bitcoin if ever you want to find it out.
What's going to be your next question?
What's going to be your next question?
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Just like pretty much everything else: if there is a lot of whatever it is (bottles of water) or little demand (used diapers) the price is inexpensive, and vice versa if there is little of it (e.g. gold) or lots of demand (e.g. front row concert tickets), then the price will be high.
Its correct demand and supply gives the price fluctuations in the market for every cryptocurrencies. So we need to understand when the marketplace value will increase and decrease and why it is happening.
just be attention on beginners and help board to learn more about Bitcoin and its technology.
just be attention on beginners and help board to learn more about Bitcoin and its technology.
You are new in bitcoin and you already more concerned about price instead of the btc technology, between i really can not point out what exactly it is you are asking for, the higher the demand, the higher should be the price in the principle of demand and supply but you can't really be too sure because of market manipulations.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
This is a basic rule of everything actually. It is the famous Supply and Demand model. Basically yes, this affects bitcoin price, but as any other commodity in the market, other factors can also influence its price.
On a long term basis, the price will tend to go up, but it should go up slower and slower as the years and decades pass. This is because the thing people use to compare value loses value yearly by (foolish) anti-deflation policies of countries who just can't bother to read the Austrian economists and are scared of deflation, which Bitcoin is designed to be.
So all things equal (say in 100 years), if you then always moved all your money into Bitcoin, it would "earn" 2%, but that is actually everyone else inflating at least 2%.
Think of it as if you today moved all your money into gold, and only at the moment you were to buy something, changed only the minimal amount needed to purchase things (because the shop won't take your grams of gold directly). Of course real gold is a hassle to deal with. Bitcoin actually makes things easier.
I guess Digital Gold is an ok analogy.
it is correct but two things i would add. it is a very simplified view of the price and also it is a global rule called "supply and demand". it works for everything, from a cup of coffee you buy to a Lamborghini. you can read more about it here: https://www.investopedia.com/terms/l/law-of-supply-demand.asp
basically it talks about the relationship between supply (the number of coins available to buy) and demand (the number of users buying bitcoin). to define it, we usually keep one fixed and talk about changes in the other, like saying if demand stays the same and supply increases then price should come down.
basically it talks about the relationship between supply (the number of coins available to buy) and demand (the number of users buying bitcoin). to define it, we usually keep one fixed and talk about changes in the other, like saying if demand stays the same and supply increases then price should come down.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
Learning a new things is good and I'm also a learner. By the way, just follow the instructions and read all the thread to know and do some research about crypto currency.It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
The price of Btc fully depends on its demand. The more it increases, the higher the price and go the moon as a trading language.
First of all, know about more specifically and then when you will able to join in trading then you will know more deeply about currencies price such as Btc or other altcoin.
Yes it's just easy as that the more people wants to buy bitcoins the higher the price it will get and the more people wanted to sell it the lower the price it will get. But I may say this to you that it's not always like that the market are volatile just like the price of the coins and there are times that even though there are many sellers the price still gets higher and vise versa, soon when you enter the trading industry you'll experience this.
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.
Before asking the next part of the question, I need to know that, is what I was understood right?
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