The Price of Bitcoin and What Makes It Go Up and Down

What Makes It Go Up and Down

In our previous posts, we explained the basic foundations of bitcoin. We talked about how the distributed ledger – the blockchain – works. We also explained how you can store bitcoin in bitcoin wallets, buy bitcoin from cryptocurrency exchanges, and spend bitcoin in the real world using bitcoin debit cards and other payment solutions. In today’s lesson, we’ll explain all of the following: The value behind bitcoin, including how supply and demand control bitcoin’s price How bitcoin prices can be sharply influenced by news and events Why bitcoin has a…

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