Bitcoin Up and Down how

[Hobo66]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

[Upgrade00]

Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?

Price speculation. The factors of demand and supply determines the price. Look up order books on various exchanges, when a bid or ask order is filled the price on that exchange adjusts to the most recent trade amount, reason why prices vary on different exchanges.

Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks?

What do you mean by 'monitorized'?
You can buy Bitcoin using fiat, altcoins, gold or any other thing of value, properties and luxury items have been sold for Bitcoin, it's also being used as payment for service rendered.

And there is no middle man in between and it is peer to peer currency?

The objective of a P2P network is the absence of a third party or middle man.

[josgandosbro]

Demand is reason for increase the bitcoin price. It any time to up and down. So we can't easy to analyse the bitcoin price. Check the bitcoin price every Day. It useful to invest the bitcoin on time. Bitcoi is future digital currency. It helpful for future growth and get more information.

[mk4]

1. Supply and demand. People are buying and selling bitcoin a lot hence why the prices moves a lot. It's basically the same with any asset in any industry.

2. If your money is moving between banks, then it's being monitored.

3. There is no middleman when sending bitcoin out to other non-custodial wallets. But of course, if you're using an exchange, then the exchange is considered a "middle man". Though exchanges are the most common way to trade bitcoin, they're definitely not necessary. You can trade bitcoin for cash with a person face-to-face so there wouldn't be a middleman.


Also, funny how your account has been created in 2011 and with a thousand posts, but here you are asking questions that would be asked by a person literally new to this industry. 🤔

[BrewMaster]

price is always going down because the "demand" for bitcoin is increasing more that the "supply" has been increasing. the increase of demand is also called adoption and these days we are having a ton of it from average Joes buying bitcoin to big institutional investment groups buying bitcoin so that a lot of their users can own bitcoin to big players buying bitcoin. so there is no way to go but up.

meanwhile there is a lot of panic and newbies who came in recently (some of them whale newbies) are easy to manipulate and scare into selling. for example the FUD about the double spend today has been hitting these weak hands pretty hard and we can see how they are panic selling into the hands of other accumulators.

[shide2020]

If you understand Demand and Supply same applied to bitcoin. Like me here just waiting for price to come down for me to invest.

[YuginKadoya]

That is how fluctuation works, because of the demand right now and I think the cause of the dip back on the start of the pandemic really gave Bitcoin a boost to make a momentum going up, and most people are now using noncontact transaction and pretty much many are using Cryptocurrency for a method of transaction that is why it went skyrocket! but naturally, demands are what is causing the price to increase, and right now as I am typing this the price when down to $31,000 USD as for Coinmarketcap site it may go on a dip maybe?

[The Cryptovator]

The questions aren't really expected from a Hero Member. You should know how the world's economy is working and how a product price goes up and down. The same goes for bitcoin as well. I think many users already answered your questions, it's pretty simple and depends on demand. Since Bitcoin is a limited supply, that's why its price also much volatile.

How are we fooling ourselves? It's just a nonsense question. If you use Bitcoin through a third party like an exchange then of course you are regulated. If you are dealing peer to peer anonymously (of course wallet should noncustodial) then no one could regulate you. Isn't simple? Why should you use a third party? Really depends on you.

[bL4nkcode]

The questions aren't really expected from a Hero Member.

Especially from an old-timer user/account which was registered in the old days of this forum.

Since there are already enough answers for you, maybe you should get it now. Also, you will probably know if there's a middle man between every transfer unless the receiver and sender do so.

[Asuspawer09]

Probably it was just supply and demand thing in the market, bitcoin was recently just pumping in the past month so most of the people are already expecting a correction at this point.

There are some articles about a million bitcoin sell of in the market, its already too risky to hold bitcoin at this point if your not going for a long term investment since we already have a big resistance at 40k$.

Also according to some research majority of the investors think market is already in a bubble, personally i think market is already at its limit and needed some correction at this point. There are also some negative news about bitcoin that could affect the market like this double spending thing:

https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921

[Pixyoxx]

The up and down in the price of Btc is due to several reasons:

Demand and supply
Panic selling, people are panicking over the sudden increase in price and selling their life savings which leads to decrease in the price
Investors of big corporations

I

[kentrolla]

BTC is playing seasaw from couple of days now the market is extremely fluctuating, only today the price has changed several times which rarely happens and I believe most of the day traders would have took this opportunity for short selling.

The demand and supply has been super hot and that's the reason behind this high fluctuation I mean pump and dump also apart from exchanges none of them are involved here. And yes foolish people don't invest without a genuine plan.

[pawanjain]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons?

Bitcoin price fluctuates based on the demand and supply. When demand is more it means more number of people are buying bitcoins and hence bitcoin price goes up.
When demand is less, people are selling their bitcoins and hence the price goes down.

How and what is the procedure other then academic economics?

There are also other factors which derive the spike in bitcoin's price such as psychological factors, news and media, FUD and FOMO etc..
The current FUD related to double spending of bitcoin is a solid example of how FUD can lead to decrease in bitcoin's price.

Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

You need to buy bitcoin through fiat. Although there are other ways to earn bitcoin for this example let's consider you are buying bitcoin through fiat from an exchange.
This is the basic need to acquire bitcoin in this case but once you have those bitcoins in your bitcoin wallet you can do anything with it.
You can send it to anybody without involving any middle man. You can control your bitcoins and nobody 3rd party is required to have control over your money.
You can even spend it for shopping online as there are services which accept bitcoins directly.
But if you want to exchange your bitcoins for fiat then you will need to exchange it and then get the amount to your bank account.

I hope I answered your queries.

[wxa7115]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

There is no mystery here, the price of bitcoin moves depending on the demand and supply like every single other asset in the world, despite the brilliant technology behind it bitcoin still moves depending on those two factors, right now we are seeing a very strong decrease in the price of bitcoin and that is simply because there are not enough buyers and most likely this is because a whale is probably selling some of their coins and is cashing on some profits.

About your second question, bitcoin is a peer to peer currency but only the bitcoin environments follows the premises of satoshi as soon as your money hits the banking system then every single one of your transactions is going to be analyzed, so no we are not deceiving ourselves.

[Ucy]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

Simply demand and supply. If there are more demand for coins than are available to sell, price goes up. If there are more supply for coins than are available to buy, price goes down.

I guess you mean if we are buying/exchanging it through "fiat money", at the bolded?

It's actually a peer-to-peer currency until you send it through third-party/centralized service

[Wysi]

First of all the value of Bitcoin depends on demand and supply as we are aware and whenever I hear any news related to Bitcoin let's say any institutional investment gets into Bitcoin by default the demand is increased the searching the price and then any of the institution or whales cashout it plumments. When it comes to buying the Bitcoin, buying it through fiat is not the only way as there are various campaigns and services through which you can be paid in bitcoin and I agree it ultimately ends up in bank account for average users and there is nothing like fooling ourself because until it's stored as Bitcoin itself until it's converted into fiat there is not third part interference.

[Nhor1011]

Question from BTT Expert
Can anyone explain  that how the prices of bitcoin goes up and falls down? Any verified Reasons? How and what is the procedure other then academic economics?
Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?

Bitcoin up and down simply because of demand and supply. It means, if the people buy bitcoin the value of it will go up and on the other side, if people sell their bitcoins of course the value will go down, Simple, right? Banks is centralized, if you put your bitcoin in a bank they will surely ask your information so that they monitor your funds. Bitcoin is originally decentralized which mean you are the only liable with your bitcoins and there is no middle man that can make a transaction with your own bitcoin unless it was from exchange.

[ImHash]

Stop using centralized exchanges if you don't want the banks to control you. price moves like it does because it's a free market and there is no centralized entity controlling the price, supply etc.

[Amon1231]

It is the rule of supply and demand, when the demand goes up the price will go up also when the demand is down price will go down also.

[pecson134]

As what other commodities in the business industries a big factor to consider is the supply and demand of bitcoins worldwide. There were times that those on the upper echelon of the pyramid of bitcoins would buy a large sum of bitcoins which decrease the supply that leads to the price inflates due to demand. Mostly, whales dictates the price value of bitcoin depending on their actions too.