2019-6-21 18:26 |
The price of cryptocurrency is determined by two main factors. The purchase or sales flow of cryptocurrency (purchase of cryptocurrency increases price, selling lowers its price) The volume of exchange for cryptocurrency given that, for cryptocurrencies, a transaction corresponds to verification of that transaction through mining that introduces, into the market supply, new cryptocurrency units as a reward to the verifiers This suggests that the value of a cryptocurrency depends only on its users.
If everyone sold their Bitcoins tomorrow and nobody used them anymore, the Bitcoin price would collapse. A person’s actions are based on emotions (such as panic
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