I'm currently working on a website about the history of Bitcoin and this is dated before Laszlo Hanyecz made the famous two pizza transaction on May 27, 2010.
The price of Bitcoin is determined in the same way that the value of the U.S. dollar is determined: supply and demand. Like fiat currency, when the demand for bitcoin increases, the price increases. When demand for bitcoin falls, the price falls.
Holy moly, I don't understand spreads but it's good for bitcoin that bitcoin is higher right?
Absolutely yes, for the buyer...
The seller is in bad mood...
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This is actually really cool.
I'm currently working on a website about the history of Bitcoin and this is dated before Laszlo Hanyecz made the famous two pizza transaction on May 27, 2010.
I don't know if there is before October 5, 2009 a rudimentary value of bitcoin
https://m.stacker.news/5119
Another observation. On the website we see the original 2009 bitcoin logo designed from Satoshi Nakamoto
https://m.stacker.news/5122
I wonder how that exchange rate calculation is doing today.
The price of Bitcoin is determined in the same way that the value of the U.S. dollar is determined: supply and demand. Like fiat currency, when the demand for bitcoin increases, the price increases. When demand for bitcoin falls, the price falls.
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