Noob question 2
Who runs the exchanges where the price of #btc is decided?
Guys like Binance?
#asknostr
Discussion
We the people decide
But it has to happen on an exchange 💱
No. Ok think like this we set the price because if i dont sell no that means i want more fiat for my coins. So if people are selling price drops because people are will to sell for low prices. When the price goes up is because no one is selling because they want more fiat for there coin
Lol 😂
Dude, I understand free market demand and supply
My point is that the price matching and trading happens on some crypto exchanges like Binance and Coinbase
There’s also open markets like robosats and Bisq. And P2P trades are a thing too
I'm sure all those transactions happen around the prices determined on exchanges
Well on tbere people are trading with leverage so the exchange will make the price on that certain exchange wick up or down to liquidate traders. So price keeps going up this week because people on exchanges are trading with leverage and they keep shorting so the exchange bring price to all time highs to liquidate and people us buy all that up and keep pushing price higher
There are more technicals but this is pretty much whats happening in my opinion and experience
Everyone is excited about the price of #btc 😐
But which are the exchanges where this price is decided?
Binance? Coinbase?
#asknostr
i would like to ask you who decide the price of anything
exchanges doesnt decide the price of it you know
The true price of #bitcoin is reflected by P2P markets. The price on the centralized exchanges reflect the discounted price of selling your personal information by way of KYC.