The fluctuation in pricing.. - page 2.

amaral1977

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Quote from: beantownsox87 on May 30, 2017, 03:52:08 PM

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old

Volatility is very normal for an asset such as BTC. However if we want to see a crypto currency become widespread used as an evryday payment form for small transations a nd small businesses it as to achieve several goals: being fungible, having price stability, and having cheap and fast transactions.

Looking at our current fiat bils... you don´t really want to use red marked bills that came out from an ATM robbery (fungibility), you dont want someone to ask you for a great deal of money just to accepto your bill, you dont want your bill to come by bicicle form china to portugal, and you dont want your bill to be worthless in the morning ( that is what happens when counties cant stabilize there currencies like in venezuela right now)

beerlover

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Quote from: beantownsox87 on May 30, 2017, 03:52:08 PM

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old

The same way the value can drop is the same way the value can increase. As much as we know the volatility is high, it does not mean it cannot be used. Later on, it will always amount to something.

You sell stuff at a higher value, tomorrow, the value comes down and you sell stuff again, the increase in value eventually will still make you earn even more after a while. However, there are some platforms for merchants like bitpay that can easily convert the merchant's currency straight to fiat.

sindikat

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Quote from: itsallpc on June 21, 2017, 01:30:01 AM

Quote from: RoommateAgreement on May 30, 2017, 09:55:26 PM

first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this.

also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy!

and this can only change with time. the exchanges need to become bigger.

Yes,if the merchants think that they would suffer due to fluctuations,then they could immediately convert their bitcoins into fiat to avoid such losses.But after they had converted their bitcoins into fiat,if bitcoin price rises,they would feel a little for losing that price rise.

To trade will not have problems with using bitcoins. Due to constant price fluctuations are of course some inconveniences. But the exchangers operate in such conditions. To work in modern conditions and to be successful you need to be able to adapt.

iv4n

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Quote from: talkbitcoin on June 01, 2017, 06:13:12 AM

Quote from: beantownsox87 on May 30, 2017, 03:52:08 PM

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old

i don't see anybody else mentioning this and i don't know if it is a typo or what but from 1BTC to 0.08BTC is a -92% drop and it is impossible to happen, i assure you.

if you mean a smaller drop like the 20% drop or something like that then i have to say such drops are rare, they don't happen everyday. they always happen after a fast rise or a huge FUD. other times bitcoin is pretty stable.
and also as it was mentioned a million times if "Stores" are worried about it they can exchange it for fiat as soon as they receive it.
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One more FUD, but this newbie don't know recent history. Some houses, cars, pizzas are sold for some amount of bitcoin, in moment of buying that amount of bitcoins had one price, now that bitcoins worth much more then before, who made a mistake here, people who sold their goods for 1000 bitcoins (in some moment that was 500000 dollars) and now this bitcoins worth 8 times more, and in some cases much more, someone bwas selling pizzas for 10000 bitcoins, can you even calculate how much that bitcoins worth now?
In future bitcoins will worth more then now, merchants profit now and they will make more more profit in future if they hold at least one part of bitcoins they earn trough selling their goods for bitcoin. That is win win situation, and that's why bitcoin will be more popular among merchants.

franco123

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This is a concept of price and demand. Yes, a lot of factors affects Bitcoin prices which includes the performance of the market. What makes Bitcoin different from the other investments is that it is part of the development of technology. We are entering the digital time of generation and it makes easier to invest and trade in Bitcoin. And we should take note that the market is also affected in Bitcoin. Bitcoin has a big value now that it affects the economy now.

Yanisumin

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The fluctuations in prices is what affecting the market, without these values we won't even be here in the first place. Traders. Miner. Developers and even the Bitcoin talk account holders are pushing cryptocurrencies into the society even if they win some or lose some because even if the prices are flactuating in the meanwhile, sooner when the cryptocurrencies are well developed enough and accepted by the society-- we might become a millionaire in the future.

itsallpc

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Quote from: RoommateAgreement on May 30, 2017, 09:55:26 PM

first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this.

also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy!

and this can only change with time. the exchanges need to become bigger.

Yes,if the merchants think that they would suffer due to fluctuations,then they could immediately convert their bitcoins into fiat to avoid such losses.But after they had converted their bitcoins into fiat,if bitcoin price rises,they would feel a little for losing that price rise.

susila_bai

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Ya fluctuation of pricing is high in Bitcoin nowadays it is due to that their are so many traders who are trading and creating lot of trades and even bot is also running so the fluctuation is high.

talkbitcoin

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Quote from: beantownsox87 on May 30, 2017, 03:52:08 PM

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old

i don't see anybody else mentioning this and i don't know if it is a typo or what but from 1BTC to 0.08BTC is a -92% drop and it is impossible to happen, i assure you.

if you mean a smaller drop like the 20% drop or something like that then i have to say such drops are rare, they don't happen everyday. they always happen after a fast rise or a huge FUD. other times bitcoin is pretty stable.
and also as it was mentioned a million times if "Stores" are worried about it they can exchange it for fiat as soon as they receive it.

adzino

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Bitcoin is just a startup currency. Obviously it is very highly volatile since the coin is still on experimental phase and people are still experimenting with it to make better use of the coins. As time passes by the price won't be stable but will be less volatile than it is currently. Bitcoins price does fluctuate, but it isn't a huge major problem for us.

n0ne

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Fluctuations with cryptocurrency is common and majority of the users like the volatility. Only because of the volatility this generates a platform for trading aspects. If this hasn't been there, the circulation of the entire cryts around the network will be quite low as well won't be experiencing price pumps.

BarbieCasino

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fluctuation in price of bitcoins is too good for people. they well more invest there money in bitcoins the user of bitcoins more attract toward bitcoins. there is are many reason of fluctuation in price of bitcoins the most important is demand of bitcoins.the demand of bitcoins increase then supply well decrease and then the price of bitcoins go to upward.

Zenithar

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Quote from: squatz1 on May 31, 2017, 12:55:35 PM

Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc.

So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people.

fluctuation in the price is good for those people who are good trader and investors, as they mostly invest their money in trading and from there they really make good profit. they know the right time to invest in bitcoin, i think even most of the people now depending on bitcoin for living. but in future we can expect that the price of bitcoin will become more stable and then the day trading will also give preference to bitcoin.

Weatherby

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Quote from: mayax on May 31, 2017, 10:35:50 AM

the question is : what exchangers are still genuine while all the chinesses ones have the withdrawals suspended since 2 months, Bitfinex have their bank account frozen, same with BTC-e ?

the price is fake, the most tradings are fake too. in short, the big exchangers are making the price as they want...

That is not true,exchanges cannot make these prices,traders who are dealing in bitcoin and alt coin makes these prices.The withdrawal ban from the Chinese exchanges will be lifted pretty soon,we are seeing a good number of new users coming into bitcoin as well as alt coin and more investments are coming in and so is the reason we are having these prices.

skorupi17

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Fluctuation on bitcoin's price has always been there and will always be there. If you remove the volatility, you remove all the fun. REAL investors does not care so much on the fluctuation of price. They may use them for analysis in order to have a good decision but since bitcoin's price is dependent on the demand and supply in the market, they have more trust in bitcoin even without looking at the price fluctuations.

squatz1

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Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc.

So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people.

mayax

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the question is : what exchangers are still genuine while all the chinesses ones have the withdrawals suspended since 2 months, Bitfinex have their bank account frozen, same with BTC-e ?

the price is fake, the most tradings are fake too. in short, the big exchangers are making the price as they want...

freedomno1

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Quote from: beantownsox87 on May 30, 2017, 03:52:08 PM

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old

This is not an issue Bitcoin is divisible to 8 points after a decimal point, so there are no issues using that as a value system, the other view is to value goods in MBTC so that people can compare it in their minds to a more tangible number.
Either way fluctuation is good as is stability people like both the growth aspect and at times the stability.

farharhadi

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Whether bitcoin will be stable and eccentric inside is the quality of bitcoin that will make bitcoin as itself. It's okay to have someone manage it well, more than btc to get straight after the exchange so no rewards will be lost.

Amph

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you need the volatility to have a value increase, investors like to play with the instability of the value, somethign based on supply and demand will always be unstable

not like the fiat currency which is issued by the a central autorithy, this will eventually be solved when the adoption increase to a certain lvel, and the value will be very very high without no more margin to crash or raise big again

until then what everyone is doing, is selling immediately his coin if he think he will lose money because of the instability, which is what merchants do, they don't hold

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