Learning crypto from scratch — Day 2 📚
Yesterday I learned what $BTC is. Today I wanted to understand something that has always caught my attention: why does its price go up and down so much?
The first thing I learned is that Bitcoin’s price depends mainly on supply and demand. If more people want to buy than sell, the price tends to rise. If the opposite happens, it goes down.
But that demand can change very quickly. News, decisions by governments and regulators, the economic situation, what big investors do, and even the fear or excitement of people who participate in the market all play a role.
That’s why $BTC can have much stronger moves than traditional coins.
What’s clear to me today is that a rise doesn’t necessarily mean it will keep going up, and a drop doesn’t necessarily mean it will keep falling.
Tomorrow I want to understand better what exactly blockchain is and why Bitcoin can work without a central bank.
What surprises you the most about Bitcoin price changes?
#bitcoin #LearningCrypto
Yesterday I learned what $BTC is. Today I wanted to understand something that has always caught my attention: why does its price go up and down so much?
The first thing I learned is that Bitcoin’s price depends mainly on supply and demand. If more people want to buy than sell, the price tends to rise. If the opposite happens, it goes down.
But that demand can change very quickly. News, decisions by governments and regulators, the economic situation, what big investors do, and even the fear or excitement of people who participate in the market all play a role.
That’s why $BTC can have much stronger moves than traditional coins.
What’s clear to me today is that a rise doesn’t necessarily mean it will keep going up, and a drop doesn’t necessarily mean it will keep falling.
Tomorrow I want to understand better what exactly blockchain is and why Bitcoin can work without a central bank.
What surprises you the most about Bitcoin price changes?
#bitcoin #LearningCrypto