Exactly the same as any commodity price in the world falls and rise. The law of supply and demand. It never goes out of fashion, does it?
The price of a bitcoin is tied purely to the laws of supply and demand. In other words, the price is determined only by what the market contributors are willing to pay. If more people want to buy bitcoins, then the price will increase. If more people want to sell, the price will decrease. That’s how it works.
Topic: what makes the price go up? (Read 157 times)
Those early Bitcoin blasts were US-driven, yet Bitcoin has turned out to be more worldwide since 2013. What's more, information proposes that the huge blast we've seen over the previous month has been driven by surging interest in Asia.The most sensational outline of this is the way that the estimation of Bitcoin achieved a high of 5 million won in South Korea on May 25, the likeness about $4,500 and far higher than the US cost of around $2,700 at the time. The cost of Bitcoin in Japanese yen was been about $300 higher, by and large, than the cost in US dollars at the time.This sort of huge spread between monetary standards doesn't occur in develop money markets. Dealers should profit by the arbitrage opportunity — purchasing in one market and offering in the other until the point that the value hole leaves.
Everyone is holding and saying prices will go up again what can make prices go up again ? I do believe it will go up but not like last December unless something comes in and changes the market so what do you think it could be ?
Supply and demand applies to all markets. Same is here. Supply is limited and the demand is rising - this makes price go up.
This market is at the moment most emotion based market there ever was and that means bad news = price drop, good news = price rising.
Price will jump the most when certain multibilion industries join the market and it is predicted it will happen so there is hope for a big kickoff, even greater than dec 2017.
BR
Everyone is holding and saying prices will go up again what can make prices go up again ? I do believe it will go up but not like last December unless something comes in and changes the market so what do you think it could be ?
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