The news does well to draw in new people every time we're near a block halving (either by people getting excited about the halving or because the price has grown well).
A lot of returners probably sit on the sidelines to watch, wait and probably buy and hold a bit. With each halving comes new news about the inflation in bitcoin being reduced and by the next halving it'll be lower than most if not all fiat currencies.
Topic: How Bitcoin manage to grow over time? - page 4. (Read 640 times)
Since its inception, Bitcoin has had a fluctuating price, with its initial price being $0. Bitcoin's price has demonstrated a tendency to increase in value rather than decrease, which has led many people to view it as the ultimate store of value despite the cryptocurrency's repeated crashes.
And yet, after numerous crashes, how has Bitcoin managed to grow over time?
The price of Bitcoin is mostly driven by DEMAND. The value of bitcoin will rise as long as demand is growing. In addition to surviving to recover from repeated collisions, it has also continued to expand and scale new heights.
Source : https://www.makeuseof.com/why-is-bitcoin-going-up-cryptocurrency-rise/
Source : https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Aside from market DEMAND, there are also several key factors affect Bitcoin price over the years namely:
Source : https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
[moderator's note: consecutive posts merged]
And yet, after numerous crashes, how has Bitcoin managed to grow over time?
The price of Bitcoin is mostly driven by DEMAND. The value of bitcoin will rise as long as demand is growing. In addition to surviving to recover from repeated collisions, it has also continued to expand and scale new heights.
Source : https://www.makeuseof.com/why-is-bitcoin-going-up-cryptocurrency-rise/
Source : https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Aside from market DEMAND, there are also several key factors affect Bitcoin price over the years namely:
- The supply of Bitcoin
- The cost of producing a bitcoin through the mining process
- The number of competing cryptocurrencies
- Regulations governing its sale and use
- Media and news
Source : https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
[moderator's note: consecutive posts merged]
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