This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
The people saying bitcoin is trading related to supply and demand, while not inaccurate, are being overly simplistic. Nearly everything trades according to supply and demand, so knowing that isn't particularly useful. If you're asking why it is currently experiencing these wild price swings (drop of $1800 in a week, or roughly 35%;
or shockingly a rise of roughly $900, or roughly 30% in just a few hours!), you cannot chalk that up to supply and demand. There are complex mechanics at work here and I doubt anyone professing to have the answer as to why swings of this magnitude are happening (which are large even by bitcoin volatility standards), actually knows themselves. There are millions of dollars being made right now on these price movements, and anyone who knows why it's happening isn't going to tell you and lessen their take of the profit. This is just an example of why this type of "investing" (read that as speculating) is risky and not for people who don't understand traditional investments, let purely speculative stuff like crypto.
I completely agree with your submission because it obvious some forces are at play here, and most time from the way I look at it, they use the current phenomenon or latest trend to their own advantage so that people can see something to attach ongoing scenerio to and divert the attention away from them.
Yesterday the news of a date for closing down exchanges filtered the air, price of bitcoin plummeted and today price started showing significant increase without any news to discard the one of yesterday to the best of my knowledge. It then means that the news itself is not what cause price to fall but some others factors ridding on the news.
