The value of bitcoin is simply how much people who are buying and how much people who are selling. If there is a great demand and people are buying, then you are going to expect the price to rise.
How does Bitcoin get its value?
- Thread starter Sincerem
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The prices cryptocurrency is determined by the actions of the bulls and the bears . The bulls would push the price of the cryptocurrency up while the bears will pull the price down.
The buyers and the sellers play a very important role in the price determination of the bitcoin. This is why the price of bitcoin would fluctuate in response to the activities of the sellers and the buyers.
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The bitcoin price is taken from the actions and the reaction of the bulls and the bears in the cryptocurrency market and that is exactly the major reason why one need to observe this.
may be, Bitcoin increases in value as a result of the power of the supply and demand market. This is the level at which people invest a lot of resources in coins because of their beneficial impact on the market.
Bitcoin get its value from the numerous amount of people who are willing to be able to use it as a store of value. The values going to be dependent on how much people want bitcoin or how much people want to sell bitcoin.
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The value of bitcoin is one that is almost directly proportional to the demand that it is having at that time together with social media hype. This is why we usually experience serious price movement up and down
The value of bitcoin is one that is greatly dependent on the amount of people who are using it for transactions. This is why it is advised that the retail adoption use is greatly going to contribute to the upward movement.
This is true because there are some people who do not really know much about bitcoin or the purpose in which it was created. They are just buying it because influential people like Ellon have been promoting it on social media.
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This is almost similar to any other commodity in the market generally. If there is a high demand for it then there is a tendency that it is going to be scared and as such that is going to push the price to become even higher.
The value of bitcoin is one that is really dependent on the amount of people who are buying. This is why whenever there is news that a major companies adopting bitcoin a lot of people usually rush to buy.
The forces of demand and supply is one important factor that is been used as a yardstick to measure the value of the bitcoin..this is basically one of the important things to do.
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That is actually the major thing that determine the value of the bitcoin. The forces of the demand and supply will actually determine the value of the bitcoin and any other cryptocurrencies.
The forces of demand and supply is actually the thing that determine the price of all cryptocurrencies. Majorly, the bulls and the bears are the one determining the price.
The forces of demand and supply is majorly the determining factor for the market value of the bitcoin . The bulls and the bears and the ones pushing the demand and supply of bitcoin.
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Bitcoin can also be able to get its value from the people who are pushing it and that is why you are going to always observe that is Elon musk is tweeting about it then you will see the price moving up.
This is going to explain why whenever the market is bullish it means that a lot of people are buying bitcoins at that moment and whenever it is bearish than a lot of people are selling especially after a major news.
The value of the bitcoin is seen from the forces of the demand and supply in the cryptocurrency market because the activities of the bulls and the bears play a major role.
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Generally Bitcoin market are influenced by too many factors just like the supply of bitcoin market and market demand for it, the number of competing cryptocurrencies, and the exchange its trades on that's it.
The bulls and the bears are the one determining the price fluctuation of any cryptocurrency. The bus who will pusglh the price I hope while the bears will pull it down.
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