Cryptocurrency Q&A
How does demand affect the price of bitcoin?
How does demand affect the price of bitcoin?
HallyuHeroine
Sun Nov 24 2024
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7 answers
1514
I want to understand how the demand for Bitcoin influences its price. Does a higher demand lead to an increase in price, and if so, what are the underlying reasons for this phenomenon?
7 answers
SakuraSpirit
Tue Nov 26 2024
According to Yusko, the acceleration in price typically happens later in the process.
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MysticEchoFirefly
Tue Nov 26 2024
Roughly nine months after the initial price increase, a new peak is usually reached.
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JejuSunshineSoulMate
Tue Nov 26 2024
The supply of new coins has seen a reduction, shifting from 900 to 451.
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Emanuele
Tue Nov 26 2024
Bitcoin's performance in the market tends to have a ripple effect.
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MysticMoon
Tue Nov 26 2024
When the demand for coins surpasses the available supply, the natural consequence is an increase in price.
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