The Bitcoin is driven by demand and supply and low in demand of Bitcoin actually makes the price to decline . The more the demand for bitcoin drops, there's going to be a decline in price accordingly in response to the low in demand.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I think you are referring to the effect of halving, which is the reduction of BTC that are issued every 10 minutes, and that miners receive as a reward, that has nothing to do with demand, since the effect of halving occurs directly in the supply, which makes Bitcoin scarcer and does not influence demand in this case.Accordint to the small knowledge I havae when it comes to BTC, I was made to understand that reduction would cause an increase in value of btc rather than reduction, but I am still learning though.
Okay thank you for clearing that up for me because yes I was referring to housing I just wasn't sure if you was to be referring to having but in response to what you said if it's just about demand I think the more people demand for BTC for any form of transaction the higher the valueI think you are referring to the effect of halving, which is the reduction of BTC that are issued every 10 minutes, and that miners receive as a reward, that has nothing to do with demand, since the effect of halving occurs directly in the supply, which makes Bitcoin scarcer and does not influence demand in this case.
The Bitcoin is driven by demand and supply and low in demand of Bitcoin actually makes the price to decline . The more the demand for bitcoin drops, there's going to be a decline in price accordingly in response to the low in demand.