Well I don't think the mining operations affect the price invariably, I think the amount of Bitcoin mined might be small compared to the volume of bitcoin available in the world.
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I can remember when some countries banned the minning of cryptocurrency,it affected the price of Bitcoin drastically,so we can conclude that the movement of Bitcoin is someworth affected by mining.The price of Bitcoin is dependent on two factors and that is the supply and the demand of the coin. The question that has recently crossed my mind is if the price of Bitcoin is dependent on the number of mining activities that take place for this coin? If you think about it when they are more miners of Bitcoin then the supply of the coin that is in circulation at that point is likely to increase quite drastically. If this is the case and the supplies extremely high and if the demand has remained the same, then wouldn't the value of bitcoin also drop in order to accommodate this?
I'm not sure if I'm thinking about it in the right frame of mind or in the right context, but does not seem to be a direct relationship between mining and the supply of Bitcoin? And will this inevitably affect the value of the coin as well? What do you guys think? Can you please clarify whether this is possible.
I believe that once the Bitcoin blockchain have been completely mined out it is definitely going to affect the price of the cryptocurrency because it is only going to be does who have it that will determine how it flows in the market.The price of the bitcoin of the two option sone person purchased high value bit coin so scall down loss on the bit coin some person low value bit coin purchased reding the scall high level so loss of the bit coin market bit coin market is very high lwvel internet marketing
The creation of new blocks and their addition to the blockchain, which results in the introduction of new Bitcoins into circulation, makes mining a crucial component of the Bitcoin network. The difficulty of mining rises as more miners join the Bitcoin network, making it more challenging and costly to mine new Bitcoins.The price of Bitcoin is dependent on two factors and that is the supply and the demand of the coin. The question that has recently crossed my mind is if the price of Bitcoin is dependent on the number of mining activities that take place for this coin? If you think about it when they are more miners of Bitcoin then the supply of the coin that is in circulation at that point is likely to increase quite drastically. If this is the case and the supplies extremely high and if the demand has remained the same, then wouldn't the value of bitcoin also drop in order to accommodate this?
I'm not sure if I'm thinking about it in the right frame of mind or in the right context, but does not seem to be a direct relationship between mining and the supply of Bitcoin? And will this inevitably affect the value of the coin as well? What do you guys think? Can you please clarify whether this is possible.