Merchants need traders in order to get the fiat needed to survive. The magic of Bitcoin is that these are all roles, and one person can be a miner, trader and merchant all by him- or herself. Yet these roles hold an intricate relationship that determines price.
Merchants need traders in order to get the fiat needed to survive. The magic of Bitcoin is that these are all roles, and one person can be a miner, trader and merchant all by him- or herself. Yet these roles hold an intricate relationship that determines price.