What makes the bitcoin price volatile?

Bitcoin is one of the most famous cryptocurrency that is being used by many people these days. Though it is the first made cryptocurrency and there are several digital money that are encrypted in the market, investors are not ready to go away from bitcoins. Day by day, its popularity has been spreading since a few decades. Bitcoins were created in 2009 by Nakamoto Satoshi and we can say that it is the safest way to transfer bitcoins as the transactions made are anonymous and are not known to anyone.

Many new features are added to this concept and even so many new things have been creating every single day. BitAccess is a new concept and is nothing but the Bitcoin Teller Machine which runs on the vignesh sundaresan bitcoin concept. Vignesh Sundaresan is one of the main reasons for the advancement of novice features of cryptocurrencies. He is a software developer who has contributed so many things regarding the development of this cryptocurrency.

Since bitcoin is decentralized, there is no one to regulate bitcoins and how it fluctuates, may be this is the question that runs in your mind. Since it has no authority to control this electronic money what makes its price volatile. Its price greatly depends on the supply and demand of this cryptocurrency. If more people love to buy it, its price will increase and if people are ready to sell them, eventually its price decreases. So, we can say, the price of bitcoins totally relies on its supply as well as demand.