What determines the bitcoin price?

in #btc7 years ago

The price of the Coin Currency is determined by the supply and demand law. When the demand for Bit Quinn increases, the price increases, and when demand drops, the price decreases. There is only a limited amount of Coin Currencies available for trading and new Coin Currencies are created at a decreasing and predictable rate, which means that demand must come at this level of inflation later in order to keep the price steady. Because the market is still relatively small compared to what it can become in the future, it does not take a large amount of money to move the market price up or down, so the price of the bit price is still volatile.
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