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Author Topic: Should Bitcoin price change?  (Read 131 times)
13abyknight
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March 16, 2018, 03:12:19 PM
 #21

Its called by a simple phrase in economics, 'supply and demand'. While the market is governed by various sources that are continuously buying and selling Bitcoins throughout the day, the average demand causes a price soar while the average increased supply usually tends to cause a dip. Again, this comes down to exchanges which have preset ranges of price while being traded at any particular point of time.

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March 16, 2018, 06:33:07 PM
 #22

I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

The price is dictated heavily by supply and demand, and you are not missing something out but just a little confused on how it works.

If supply outweighs demand, the scenario usually is that the price will be a little low, as there is no one buying the available supply in the market.
If demand outweighs supply, the price is up because there is a huge number of people wanting to buy a limited supply of goods, and practically everyone would buy the cheapest good first up until the price builds up well.

There aren't any hocus pocus on how the price works. There are other factors that affect bitcoin's price but when you look at it closely, it still leads to supply and demand.

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boyshx
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March 16, 2018, 06:39:43 PM
 #23

I know im probably missing something but im wondering if bitcoin price should even increase, or any price really, because when someone buys bitcoin it creates demand so price increases if im correct but when the person is buying isnt someone else selling? shouldnt this decrease the price so now the price is back to its base? This has me really confused and i have thought about it for a few days and couldnt come up with an answer, someone please tell me the answer.

Yeah surely it should move and I think it is already changing a lot since its long history. If you cant see then let me tell you that bitcoin prices have moved down to 7K USD from all the way 20K USD bro! Isn't that is enough movement that bitcoin has made in the short period of time. This is clearly sensible and we are experiencing the drop day by day. I think it is enough proof that bitcoin price does change both the ways as the market makes move in terms of buying and selling of it. Its just that which side is overcoming the other one. That will decide the ultimate up and ultimate down of the bitcoin.  Wink
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