@bulleth greetings to you.....please what do u think is causing bitcoin deflation? Even me im confuse
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@bulleth greetings to you.....please what do u think is causing bitcoin deflation? Even me im confuse
The bitcoin, well as other cryptos too, price are determined by supply and demand. If the price is in higher rates and the holders convert their bitcoins, in huge amount, the price drastically decreased. This causes advantages to who converted their bitcoins and gives disadvantages to bitcoin holders who not convert their bitcoins before them.
but is like its affecting steem and sbd price
Correct, this is about marketwide sentiment, not supply and demand on individual coins. On the bright side, when Bitcoin recovers (as it is now), should take other coins with it (as is happening now)
True, but very basic assessment - the cause behind supply and demand shifts is more relevant - in this case, sentiment.
Ok dear....lets watch
Please read my blog, last article from one hour ago it complements with what the poster is saying but on the fundamental side.