Topic: Simple (and possibly stupid) Question - page 2. (Read 380 times)
We do. We set the price with our demand.
I am new to Bitcoin but I’ve been doing a bunch of research and learning. VERY interesting stuff! I invested a small amount a few months ago and I’ve seen my investment triple. I’m cautious but I’m all in and plan to slowly add to my wallet.
One thing confuses me. Who and what actually sets the current price? I understand how things like China taking a negative stand on bitcoin can drive the price down, but don’t understand the very basics of how the price actually moves. Is it a function of how many people own it at any given time, so as people buy and sell, the price of a coin increases and decreases?
Thanks in advance for your info!
One thing confuses me. Who and what actually sets the current price? I understand how things like China taking a negative stand on bitcoin can drive the price down, but don’t understand the very basics of how the price actually moves. Is it a function of how many people own it at any given time, so as people buy and sell, the price of a coin increases and decreases?
Thanks in advance for your info!
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