Well firstly Bitcoin movements is not affected by buying and selling goods or services
And then the price of Bitcoin is affected by a variety of things one of which is the supply and demand which you have already stated above another thing that affects the price of Bitcoin is the investors
If there's a news that shows that Bitcoin is going to be on a bullish trend or other things that may affect the price of Bitcoin positively the investors tend to buy more Bitcoin and this increases the price this also works viceversa because if there's a negative news about bitcoin the investor may then decide to back out and sell bitcoin which reduces its price
There are also other things like
Inflation
Wars
Pandemic
Government policies
Well at the moment these are the only ones I can think of right now
Now for your second question yes
If everyone holds it will be bad for the market not because the price will reduce
No
But rather the price will remain stagnant and stagnation of the price will affect the growth of Bitcoin
But this can never happen
There is always someone who is going to buy and someone who is going to sell bitcoin so you shouldn't worry about that
Topic: How does Bitcoin transaction Really Work? Why does Bitcoin price change? - page 2. (Read 198 times)
October 12, 2024, 12:20:56 AM
October 12, 2024, 12:04:37 AM
The price is created by our perceptions, do you think 0.01 BTC is worth for $617? if you say yes, that's why you willing to sell it for $617, if you think it should be higher, you will not sell it and you're fine to wait as long as you find someone that willing to trade for x price.
Transaction is when you only move the coins from one place to another, not necessary you get something after moving the coins.
Exchange, trade, sell, buy, etc you name it are the same thing.
Moving Bitcoin from one wallet address to another counts as a transaction
Exchanging for service is a transaction then what's trading or selling or buying.
No, exchanging for service not counts as a transaction.Exchanging for service is a transaction then what's trading or selling or buying.
Transaction is when you only move the coins from one place to another, not necessary you get something after moving the coins.
Exchange, trade, sell, buy, etc you name it are the same thing.
October 11, 2024, 11:48:02 PM
Okay so I was working on a script on Timelock
Well practicing should be better used and in the process it hit me
How does transactions affect price?
Like does exchanging Bitcoin for say a Goods or service affect price? (I doubt it does)
So what now affect price
Yes it's the forces of demand and supply
The more the demand the higher the price but how does this differ from exchanging Bitcoin for a goods or service.
I have been looking at Bitcoin from the lense of trading and just found out about that
Like am curious how's the price really affected.
I don't know if I was able to coin my question well though
But why do price move, is it subjective?
Okay this is the first, now the second I'm a fan of holding but what would happen if everybody holds Bitcoin
'If' that is hypothetical. Wouldn't that be bad for the Blockchain.
.
Moving Bitcoin from one wallet address to another counts as a transaction
Exchanging for service is a transaction then what's trading or selling or buying.
Sorry everything is just all over the place, I'm just shocked I don't really understand this or maybe I'm just lacking Milk
I realised I was aiming for the moon when I don't even know how the Rocket works.
Thank You.
Well practicing should be better used and in the process it hit me
How does transactions affect price?
Like does exchanging Bitcoin for say a Goods or service affect price? (I doubt it does)
So what now affect price
Yes it's the forces of demand and supply
The more the demand the higher the price but how does this differ from exchanging Bitcoin for a goods or service.
I have been looking at Bitcoin from the lense of trading and just found out about that
Like am curious how's the price really affected.
I don't know if I was able to coin my question well though
But why do price move, is it subjective?
Okay this is the first, now the second I'm a fan of holding but what would happen if everybody holds Bitcoin
'If' that is hypothetical. Wouldn't that be bad for the Blockchain.
.
Moving Bitcoin from one wallet address to another counts as a transaction
Exchanging for service is a transaction then what's trading or selling or buying.
Sorry everything is just all over the place, I'm just shocked I don't really understand this or maybe I'm just lacking Milk
I realised I was aiming for the moon when I don't even know how the Rocket works.
Thank You.
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