How exactly is bitcoin priced How does bitcoin and other cryptocurrencies price the value of the currency? How exactly does this work. Do buyers just set a max price at which they want to buy and sellers a min price at which they want to sell and they are matched? Or is there something more complicated at work? I'm really interested in understanding how this works. Any details would be much appreciated
That's exactly right. People who want to sell bitcoins typically set a minimum price and people who want to buy bitcoins typically set a maximum price. When they meet, a sale takes place.