I want to know what determines the price of Bitcoin as the year always come and go. I was researching on when Bitcoin was created and how the price continued to grow as every years passes by, tho the price continues going up and down but regardless of the unstable price, Bitcoin continually experienced growth in price and market size, that's why I want to ask if the price of Bitcoin is determined by only investors/buyers, if that's a yes, then does it mean that if everyone take a pause from buying or selling for like a week or more, the market will stand still? A good explanation will help me understand this thing better.
Op sounds so honest and could only explain it the way he could. But that's by the way my dear. Bitcoin price can't be predicted rather, what you sees here as points of predicting the price is speculations and basically holds no bond to be confidence about with their opinions.
Every individual can also participate on the speculations with what they think it's possible to occur in the future price of bitcoin but though, those who're more experience in details about the historical prices are more liable to make attempts of determining what the future holds but yet, non can accurately predict it price.
So, the market is volatile and no atom of predictions can be reliable. Not by the investors nor any professional analysts or practitioners.