Topic: The fluctuation in pricing.. (Read 1999 times)

Hello please remember some points
1. Without fluctuations you won't even have an interest in Bitcoins, this is what makes people invest. The fact that its a cryptocurrency does mean its not a fiat !
If it was supposed to be one it would have been, its beat at what it is.
2. Fluctuations are also very common in your common currency but ! * They are not as frequent and at that level of bitcoins* , but yes ever currency gets fluctuated according to the economic growth of that country, that can be both positive or detremintal.
3. If its a fiat, might as well we buy dollars then because then everything will remain the same .

Thus we should stop comparing bitcoins with fiat .

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.

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

Bitcoin is still at the early stages and we need all the price fluctuations in other for the assets to look attractive to investors.  Many people what to take advantage of  price fluctuations in other to make profit several times and by doing this taking advantage of the early stages cryptocurrency development. You may lose money like others in bitcoin investment but that do not mean many investors are not taking advantage of price fluctuations to make alot of profit.

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

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

Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors. Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX). Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time (See the Investopedia Bitcoin Center for current updates on the price of bitcoin).

Yes ,the price of bitcoin is keeps on increasing in price.Now the price of the bitcoin is around the value of 4300$.Soon it will reach the value of 5000$.At this month end itself this will happen so.If that happen means,many long term bitcoin holder will have very much profit.So can check after this October.

Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling.

'Bitcoin is not money' really?

Bitcoin is a digital currency and it is a form of money digitally. I agree to the much secure store of value if you really secured it by yourself with doing all the necessary things in securing it. Bitcoin I think is far from Gold as it is a digital currency that is tangible and the main purpose is to serve as a money to buy and sell things through the virtual world, Gold is valuable because since the first civilizations of people they look it as a wonderful piece of mineral that satisfy their naked eyes and that for me is very far comparison with Bitcoin.

You know nothing in the future and even me knows nothing in the future, you don't have a proof that will back up your claim that there is a cryptocurrency that will take place Bitcoin, it is just a conspiracy.

Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.

Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable.

A different cryptocurrency will eventually become the new form of "money" as we know it.

Just know it won't be Bitcoin - this shits even more valuable.

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

There is always a possibility of it crashing it can never be ruled out. I doubt it would happen in a few hours but the possibility is always there for it to drop in value.
Many factors could cause this.

World Wide Black outs.
Sustained attack on the blockchain
Even solar radiation could knock out all the computers in the world at some point and it would be bye bye all crypto!

Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.

Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable.

A different cryptocurrency will eventually become the new form of "money" as we know it.

Just know it won't be Bitcoin - this shits even more valuable.

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

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

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.

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.

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.

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

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.

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...

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

You are wrong in one key ascept. Its not bad that Bitcoin is volatile, its natural occurence in fresh market. Oil or Gold is also volatile and it doesn't matter.

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

What are you trying to write, first you put up questions on the price fluctuations, then you show it could be bad business, then again you put its good. Look op price fluctuations happens due to demand and supply. Normally all transactions are done at a fixed rate, so if there a increase or decrease no one can help it. No risk no gain. USD is not that strong any more yes, currently due to trump policies it's weak, I expect Bitcoin to be strong as usual and continue for long. Keep buying at every dip that's the only way to work out this price fall.

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

Bitcoin is not money. ~ secure store of value ~

Great point. The lack of backing from a country as a currency draws instability fears to the citizens as well. The Dollar is only stable because the US backs it and it is the widely known currency. You could put popcorn in its place, if it was US backed and widely known..than popcorn would be the currency.

Bitcoin is not that volatile you are talking about bitcoin losing more than 90% of its value in less than a few hours, while there are variations in price such wild variations are not going to happen with bitcoin for the simple reason you will need hyper inflation for that to happen and that is impossible in  bitcoin, other currencies have followed that path like the mark of the Wiemar republic.

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

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

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

Great point. The lack of backing from a country as a currency draws instability fears to the citizens as well. The Dollar is only stable because the US backs it and it is the widely known currency. You could put popcorn in its place, if it was US backed and widely known..than popcorn would be the currency.

Bitcoin being volatile and unpredictable in nature are characteristics of bitcoin that makes bitcoin as bitcoin. All just have to deal with it. If the scene you stated is a big deal then why not convert btc to fiat immediately after the transaction so that no value will be lost.

It is blurry to see bitcoin as a universal economic currency because not all government will compromise to bitcoin. Some might accept bitcoin as a mode of payment but they will not entirely embrace bitcoin and forget about their original currency.

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