Re: Factors affecting the price of Bitcoin

The price of Bitcoin (BTC) is determined by the buyers and sellers market. That is, according to the supply and demand that exists in a certain Exchange.
An Exchange is an online platform to buy and sell your Bitcoins. (Bitso)
So when many people buy Bitcoins their price tends to rise (Demand), when many people sell their Bitcoins the price tends to go down (Offer).
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