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Author Topic: How many Branches of Economics is there?  (Read 234 times)
alastantiger
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February 24, 2024, 10:17:29 PM
 #21

Bitcoin follows the microeconomic theory of supply and demand.
Looking at the microeconomic theory of supply and demand in relation to bitcoin, it is clear that the demand curve for bitcoin simply shows how people are inclined to buy bitcoin at different prices. Thus the concept of buy the dip. While on the other hand, the supply curve is an indication of  bitcoins' willingness to supply at different prices. Thus, the maxim, "buy low, sell high". The shifts in demand or supply curves can occur due to various factors which includes market sentiments, regulatory changes, technological developments, institutional adoptions, or geopolitical events.

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harapan
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February 25, 2024, 10:18:01 AM
 #22

There are two main branches of economics, microeconomics, and macroeconomics. Microeconomics deals with the behavior of individual relationship with the government and how that behavior is influenced by government. Macroeconomics is concerned with economical factors such as inflation, unemployment,taxes,politics business and law,and overall economic growth.

I think bitcoin is supereconomical because eversince its existence,bitcoin is solving issues and making our financial activities seemingly easy and accessible,making it a huge influence on the economy and promoting financial independence.The factors of microeconomics in proportion to bitcoin's existence is visibly clear.The system paves way for a better financial security and control instead of depending on an institute like the bank,the users are able to access their money through the blockchain system which is designed to be unhackable.
The relationship between the individuals and their finance is accurate and definite.

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