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In Australia, customers have been able to pay for BTC at retail shops Bitcoin margin trading profit calculator india. LinkedIn Email. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account. Forgot your password? Password recovery. Recover your password. Get help.
Home Uncategorized. One has to understand the concepts of elasticity, demand and supply, and scarcity. People are willing to buy Bitcoins and invest in them - one of the biggest reasons for the same is because of the scarcity factor. You can almost compare Bitcoins to gold in this aspect - Gold is a scarce resource and people are willing to invest in it and hold it.
Gold is sold off to get cash and if a large amount of gold is sold off - the price of gold falls in the international markets. Bitcoin functions in a similar manner. The higher the demand the higher the price. Elasticity: Price elasticity of Bitcoins is quite high. This means that a little drop in the price of Bitcoins could result in a large number of people buying Bitcoins.
This is why dips are always followed by periods of rapid price gain. People want to capitalize on the low prices and buy in large numbers.
These are the major factors which determine the price of Bitcoins and are a result of the high volatility. Bitcoin News : News matters a lot too.
Many times it is positive and many times it is negative. Also if you are looking for what will be the future price of bitcoin?
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