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,
The buying and selling pressure in the market determines the price of bitcoin. This is just like how demand and supply works. When the buyers have taken over the market, we will see more price increase in the market while on the other hand, when sellers take over the market, the market price begins to fall abruptly in accordance to how the selling pressure mounts on the Bitcoin market that time.
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.
This is not gold that doesnt trade during the weekend. This is bitcoin and it trades 24/7; so there is no way Bitcoin will stop to trade for a moment, minute or weeks. If that happens, then bitcoin would have cease to exist by that time.