Has been some time now that the price has been stable around the price of 10 11.
Any reason why the price isnt going up?
Any reason why the price isnt going up?
I would assume that the reason would be that:
- The number of people wanting to acquire bitcoin in exchange for their native currency when the exchange rate is lower is more than the number of people wanting to acquire their native currency in exchange for bitcoin at that exchange rate.
- The number of people wanting to acquire their native currency in exchange for bitcoin when the exchange rate is higher is more than the number of people wanting to acquire bitcoin in exchange for their native currency at that exchange rate.
- The number of people wanting to acquire bitcoin in exchange for their native currency at the current exchange rate is approximately the same as the number of people wanting to acquire their native currency in exchange for bitcoin.
This would generally seem to imply that there currently isn't a significant increase in numbers of people attempting to acquire bitcoin, nor is there a significant decrease in numbers of people attempting to get rid of their bitcoin.
I suppose all of this is already obvious. Perhaps your question is, "Why don't more people want to acquire more bitcoin faster?" or "Why don't less people get rid of less bitcoin?"
