So cryptocurrency is just a constant war between buyers and sellers, right? The price goes down when more buyers get their orders filled, the price goes up when more sellers get their order filled, and the price for both camps becomes based on the new average. Is that really all there is to it? Beyond that, nothing else determines the coins value?
it's a war fought by buyers and sellers, but everybody is a buyer and seller.
The stock market operates the same way.
>>3515061
Well you can't have an item bought without that same item being sold. Think of it less like a war and more like a haggle. The buyers and sellers come to an agreement on what price the coin should be for each and every transaction, and that is its price. Sometimes a buyer is willing to pay more, sometimes a seller is willing to sell for less. Things are worth what people are willing to pay.
The whole market is rigged. Most of the buy/sells are bots from the exchanges.
Its rigged by a couple players they have so much btc they couldn't even dump it all due to not enough buyers so they pump the price to create buyers
>>3515111
Hence Bulls vs Bears.
All that we need is for Brazzers staff to accept BTC in exchange for fellatio.
Then in one month it will go beyond $10000.
It is that easy.
>>3515083
this. idk why so many people who criticise crypto are fine with the stock market. is it just fudding?