Topic: Can Bitcoin change in value a lot? Is it stable yet? (Read 1724 times)
Bitcoin can be very volatile one day and then it can be completely (or near completely) stable the next. No one really knows what the Bitcoin price will do, but as of right now, Bitcoin is not very stable.
we are getting closer to an stable price but not quite there yet
It cannot support what people suggest at a pathetic market cap of 4 billion.
Lets say I redeem $25 in Bitcoin, will my $25 be worth $23 tomorrow and so on or does it take a month or something to change significantly? Help???
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
it is sort of stable but it has a range of changing. at least for going down. as bitcoin price was stable higher than $220 for this long i say it is not going to go under that value that easily. and if you look at the past months movement it is looking upward and now we are stable at $270-280
Lets say I redeem $25 in Bitcoin, will my $25 be worth $23 tomorrow and so on or does it take a month or something to change significantly? Help???
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
It's far from stable. The marketcap is tiny when compared to other companies. BTC marketcap is about 4 billion dollars, something like Paypal has 50 billion dollars.
Now, consider that BTC's ultimate goal is surpasing Paypal, Visa, Mastercard, all put together. This puts BTC on the trillions. Anyone holding a coin by then will be a millionaire.
math telling us that bitcoin will rise
1. wrong. math does not tell anything about price.2. you've forgot about physics
if the demand remain constant and the supply drop it will rise, and this is math, so yes, math is telling us about what will happen to the price
the role of physics as i understand it, has to do with the mining activity and security, which are to things that can mutate in a far distant future, nothing to worry about or consider for now
If demand remain constant the price will go down. New bitcoins is mined every day and demand must rice to keep the price.
Pure math tells us the price will go down but math has no influence on the demand.
no this is wrong on so many levels, if the demand remain constant(which assume also that their ratio is 1:1, between supply and demand) the simple fact that the block reward will be halved
mean that the price will rise 100% because there will be less dumping from miners which mean the
ratio will favor the constant demand, instead of 1:1 right now(which isn't true because we are rising slowly, so its more realistic to say 1.01:1) you will have 1:001:0.9-0.8 it depend on how many coins are dumped each day from miners
easy example, now demand and suppply
p.s. it seems that you are not taking into account the halving...
math telling us that bitcoin will rise
1. wrong. math does not tell anything about price.2. you've forgot about physics
if the demand remain constant and the supply drop it will rise, and this is math, so yes, math is telling us about what will happen to the price
the role of physics as i understand it, has to do with the mining activity and security, which are to things that can mutate in a far distant future, nothing to worry about or consider for now
If demand remain constant the price will go down. New bitcoins is mined every day and demand must rice to keep the price.
Pure math tells us the price will go down but math has no influence on the demand.
Lets say I redeem $25 in Bitcoin, will my $25 be worth $23 tomorrow and so on or does it take a month or something to change significantly? Help???
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin
The price of bitcoin is not stable at the moment. We have periods of sideways price movement, stability if you must but 1 good or bad news story can still cause a big price swing in either direction.
I feel we're at least 10 years away from a really solid, stable price. Enjoy the ride
Bitcoin value is unstable compared to all fiat values. So if you are in business and use fiat to pay merchants then Bitcoin is not currently suitable for you unless you convert to fiat immediately.
If you are a speculator then welcome to the group. We believe the only way is up. HODL and smile
If you are a speculator then welcome to the group. We believe the only way is up. HODL and smile
The change in value depends a lot on the surrounding market and it doesn't happen that quickly.
And for the second question, I don't think you saw the recent waves of BTC market. It speaks for itself.
And for the second question, I don't think you saw the recent waves of BTC market. It speaks for itself.
Volatility has improved going by the graphs above. But for how long...
You are looking at it, in the wrong way. There are really nothing to compare it too in the currency scene. It's a relatively young currency and it's global. The fact that it's global make it more vulnerable to sudden change.
A small event in one country regarding Bitcoin, could have a significant impact on it's price.
Let's not compare the Dollar or the Euro with Bitcoin, because it's something totally different. Let's also not forget that it's got other features apart from being a currency. The more features, the more things can change.
The distribution and volume is also very small, and the slightest panic or hype can make a huge difference in the price.
A small event in one country regarding Bitcoin, could have a significant impact on it's price.
Let's not compare the Dollar or the Euro with Bitcoin, because it's something totally different. Let's also not forget that it's got other features apart from being a currency. The more features, the more things can change.
The distribution and volume is also very small, and the slightest panic or hype can make a huge difference in the price.
As we know that value of Bitcoin always changing all the time and you know it's really very difficult to predict the value of Bitcoin especially in the future.Your 25 dollars would be worthed maybe 10 dollars or 50 dollars tomorow nobody knows, but i think bitcoins value changed but not a lot for this moment and is it stable yet? unfortuantely no, bitcoin is not stable right now all we have to just keep watching the price and decide to sell or buy
Bitcoin is still a small boat in the ocean and its price fluctuates very much. As Bitcoin gets bigger, it will become a huge tanker in the ocean so the price fluctuations will be much smaller. So yes, in short value can change significantly even in few hours.
Use preev.com for the average price at any time.
Use preev.com for the average price at any time.
There is a currency component to Bitcoin.
Currencies fluctuate against each other. So the answer is yes, Bitcoin can change in value a lot; and no it is not stable yet.
But.
When Bitcoin starts being used for smart contracts, it will have more of an investment component to it, as people will begin to buy BTC with Fiat to conclude or register contracts.
This aspect still has a transaction aspect to it, but transactions on the Bitcoin blockchain can be entered into and executed at some future point. This will see people buying BTC and locking it up for weeks, months, years.
So medium to long-term, the answer is likely to be no, it won't change in value a lot; and yes it will be more stable.
Currencies fluctuate against each other. So the answer is yes, Bitcoin can change in value a lot; and no it is not stable yet.
But.
When Bitcoin starts being used for smart contracts, it will have more of an investment component to it, as people will begin to buy BTC with Fiat to conclude or register contracts.
This aspect still has a transaction aspect to it, but transactions on the Bitcoin blockchain can be entered into and executed at some future point. This will see people buying BTC and locking it up for weeks, months, years.
So medium to long-term, the answer is likely to be no, it won't change in value a lot; and yes it will be more stable.
if the demand remain constant and the supply drop it will rise, and this is
math, so yes, math is telling us about what will happen to the price
OK. Why should demand remain constant? Do math tell us about it?math, so yes, math is telling us about what will happen to the price
Quote
the role of physics as i understand it, has to do with the mining activity and security
The role of physics is converting energy to heat while securing transactions.because demand can only go in three directions, up down or zero, if we assume equity between those, since we don't know the future, you simply look at the block reward which is governed by math
about phisics it is what i said, essentially something that will not impact the price now, so another variable for the future, which is useless to take in consideration for the time being
1. Yes
2. No
2. No
if the demand remain constant and the supply drop it will rise, and this is
math, so yes, math is telling us about what will happen to the price
OK. Why should demand remain constant? Do math tell us about it?math, so yes, math is telling us about what will happen to the price
Quote
the role of physics as i understand it, has to do with the mining activity and security
The role of physics is converting energy to heat while securing transactions. math telling us that bitcoin will rise
1. wrong. math does not tell anything about price.2. you've forgot about physics
if the demand remain constant and the supply drop it will rise, and this is math, so yes, math is telling us about what will happen to the price
the role of physics as i understand it, has to do with the mining activity and security, which are to things that can mutate in a far distant future, nothing to worry about or consider for now
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