Cryptocurrency relationship with Physics and Economics

26-11-2021
Friday
10:47 am
#61

What goes up must surely come down.

Why does anything that goes up have to come down?

This was the question we asked as students in high school. But our physics teachers explained to us that anything that goes up must surely come down due to gravity.

Lead image source

In physics, We were thought that Gravity is the force that attracts a body towards the center of the earth, or towards any other physical body having mass.

Practicals were done to prove that what goes up must come down. We saw a lot of things ourselves that made us truly believe that what goes up must surely come down. Birds fly up high and they come down to their next to sleep. The airplane flies high up in the sky and later comes back to rest. When you throw a stone up, it comes down back due to gravity.

Do you agree with this? Does everything that goes up really come down?

What about age?

There is a riddle that says what goes up and never comes down? The answer to the riddle is age.

Though age goes up and never comes down truly, but age isn't a thing it's is a

Coming back to our topic. How does Cryptocurrency obey the law of gravity?

This article was inspired by a conversation between me and a friend yesterday. He asked me why BCH was going up and down. Also told me he wanted to know who is increasing/decreasing the price.

Cryptocurrencies go up and down just like other things do. We might have an increase in Cryptocurrency prices today and then suddenly it falls back.

We experienced this recently, two weeks ago, BTC rose to $70,000+ while BCH rose to $700+, now both have come down. They did obey the law of gravity.

Don't quote me wrong, Cryptocurrency isn't affected by the atmosphere or any physical components. Like the definition of gravity says force that attracts a body towards the center of the earth. And cryptocurrency is not a body, neither does it move towards the center of the earth.

I'm just trying to make us know that the rise and fall of Cryptocurrency is inevitable, it also adheres to the law of demand and supply in Economics here.

Economics thought us that the value of anything is determined by its supply and demand.

We all know the basic rule of marketing, if a particular good, is being sold massively, a businessman would increase the price of such goods because of its high demand.

Cryptocurrencies rise when there is high demand, i.e when people purchase them in large quantities. If a billionaire buys a particular cryptocurrency with a huge amount of money, the price of the crypto will increase.

Another aid to the increase in the price of cryptocurrency is also awareness of the Cryptocurrency to the public. When a lot of people hear about a cryptocurrency and invest in it, the price is definitely going to increase. We experience this most times when a lot of people buy Cryptocurrency at the same time.

Most times when we have a decrease in the price of a cryptocurrency, it is due to the decrease in the number of holders. When people sell their cryptocurrency to cash or withdraw their investment in it, we see the sudden fall in it. As a result, the supply of cryptocurrency isn't fixed.

That is why we urge people to promote BCH. The broader the awareness of BCH to the world the higher the price. And we can make this happen if every one of us tries to make at least one person know about BCH in a day. By doing so, we are promoting BCH, and also we are helping ourselves.

There are different ways in which we can make BCH aware to the people. We can tell them about readcash or noisecash so they can earn BCH too. Also, we can use other BCH marketing strategies by making flyers and posters to make it known to the public. Cryptocurrency orientation seminars can be done, and BCH will be the main concern.

You can follow me on noisecash, where I post and engage daily.

Thanks for reading 🙏❤️

Thank you@HappyBoy for the sponsorship renewal. 😉