Bitcoin price, am I right?

[inoes]

Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.

[hisuka]

Like that, the basic science of trade ... because BTC is different from Fiat Money, fiat money has many factors so it is expensive. the next thing that is usually discussed is how so that the request increases so that the price rises. but it's true. average BTC / cryptocurrency prices are based on demand and supply.

It’s vary from supply and demand the more demands the price increase. People attracts to bitcoin because of it’s benefits can get and the return of profit when investing. With the fiat money indeed it has many factors that differ from btc. So basically the demands were btc price is increasing.

[Carreuh]

In my opinion the price of bitcoin is the same as the market price in general because it is determined by demand and supply, although behind Bitcoin there are investors who play a little so that the price of bitcoin becomes cheap or expensive, maybe in a fairly simple way for example by buying bitcoin in quantities  many so that prices are expensive, and sell massively so prices fall

[stfN2128]

totally right, this is how every market works. i have read that there is only 1 mio btc really in trades on exchanges, rest is holded. also keep in mind that 5 or 6 million btc are gone forever cause of lost of private keys.

[Botnake]

Exactly, it's based on supply and demand and that's the nature of crypto assets, except those stable coins.
Bitcoin has a high demand now compared to the entire market of altcoins, it's currently holding a dominant rate of 68% as of this time and that makes investors of bitcoin profitable over investors of altcoins. However, since you are not in the early stage of investment, you should also consider doing the right timing when you enter and buy.