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How does bitcoin determine its value

How does bitcoin determine its value

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This would be a similar cryptocurrency, which has over the a digital coin's fair value that does not have any mining pools.

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What Gives Cryptocurrency Value and How Does it Gain Value?
The value of any currency comes from the backing of the state and the trust that people have over the government. Hence, for any money to be established as an. Market forces called supply and demand influence Bitcoin's price. The price typically decreases when there are more sellers or vice-versa. Like fiat exchange rates and the price of other assets, BTC's market price is determined by the laws of supply and demand. AD. AD. Stay on top.

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Investopedia requires writers to use primary sources to support their work. This is puzzling. As of the date this article was written, the author does not own cryptocurrency. For investors, buying a bitcoin is different from purchasing a stock or bond because bitcoin is not a corporation.