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How is the value of bitcoin determined

How is the value of bitcoin determined

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How to Determine the Value of Bitcoin
Several factors determine what gives a bitcoin its value, including supply and demand, forks, competition, and regulations. The main theory behind cryptocurrency value is if enough people agree it is valuable, then it becomes more valuable. Without regulation, demand. Like fiat exchange rates and the price of other assets, BTC's market price is determined by the laws of supply and demand.

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calendar_month 15.01.2021

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account_circle Tygojar

calendar_month 18.01.2021

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calendar_month 19.01.2021

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calendar_month 22.01.2021

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calendar_month 24.01.2021

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Though Bitcoin is the most well-known cryptocurrency, hundreds of other tokens are vying for investment dollars. The Bottom Line. Like any asset or thing of value, the price people are willing to pay for Bitcoins is a socially agreed-upon level based on supply and demand�but some are unwilling to accept that value can be assigned to a digital item. If the stock-to-flow model is applied to Bitcoin, this should trigger a rise in price, and indeed, each past halving has triggered a dramatic price rise in the following months.