Topic: Bitcoin rate (Read 202 times)
The rate of currency such as Bitcoin is increasing and decreasing with the rate of time. In present Bitcoin price is around $6k but tomorrow bitcoin price below the $5.1k.but today bitcoin price are increasing again.
We cannot determine whether the rate of bitcoins is increasing or decreasing. Because bitcoins is like business if the demand is low the supply will increase and the result is bitcoins will lower the rate and vice versa
The decrease and increase in Bitcoin price is caused by the Supply and Demand concept.
If many want to buy, then the price goes up (Demand is higher than supply).
But if many are selling to a point that there are more sellers than buyers (supply is higher than demand),
the price goes down
If many want to buy, then the price goes up (Demand is higher than supply).
But if many are selling to a point that there are more sellers than buyers (supply is higher than demand),
the price goes down
Why Bitcoin increase and decrees our rate?
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