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Tutankhamun
88 sats \ 5 comments \ @Tutankhamun 4 Jul 2024 bitcoin
The most accurate reason for Bitcoin price fluctuations is supply and demand. The price of Bitcoin depends on the amount of Bitcoin available in the market (supply) and the number of people who want to buy it (demand). When demand for Bitcoin increases and supply is limited, the price rises. Conversely, if demand decreases or supply increases, the price falls. This fundamental factor primarily drives Bitcoin prices.
I am not convinced by this; I believe there is something bigger controlling Bitcoin price fluctuations. What do you think about that?
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17 sats \ 4 replies \ @NRS 4 Jul 2024
It's really just a matter of supply and demand that's responsible for these fluctuations, and I don't think there's anything else that can control the price.
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10 sats \ 3 replies \ @Tutankhamun OP 4 Jul 2024
This is clear to us, but there is something hidden, and this is my prediction that may or may not be true
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17 sats \ 2 replies \ @NRS 4 Jul 2024
Haha it might not be true after all
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17 sats \ 1 reply \ @south_korea_ln 4 Jul 2024
That's really all it is. Supply and demand might go through some convoluted constructions... Demand for the bitcoin short market, supply by big whales trying to manipulate the price, etc... but it's always a matter of supply and demand.
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10 sats \ 0 replies \ @Tutankhamun OP 4 Jul 2024
That may be true and it may not
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