There are nice tutorials on youtube.
Go check it.
Topic: The most basic explanation should (Read 1206 times)
- why not keep the currency's say ten years, without ever thinking to trade. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
Usually when price starts to fall due to various factors already explained in the above posts people start to panic sell, they lose faith that it will there for a long run and they start selling which in turn causes the price to drop even further.
you guys underestimate the real price controller , the bitcoin exchanges .
They decide where the btc price would go , unless all exchanges disclose their cold address & prove they have 100% reserve every single day
They decide where the btc price would go , unless all exchanges disclose their cold address & prove they have 100% reserve every single day
The reason it rises and falls is due to the demand of it. The price will rise the more people buy bitcoins but when they decide to sell them it can make the price fall. It's something that is always going to happen at some point because people are always going to be buying and selling.
people will be less dumb ... after each crisis ... like this : https://www.youtube.com/watch?v=joITmEr4SjY
Due to demands when people buy more bitcoins it rises and when people dump bitcoins(sell) its price falls
Why it goes up and down it's because of the market and the human factor. The price goes up, everyone is holding. The price goes down, they sell or short. Some people may suddenly have misfortunes befallen on them and and needed money thus they sell. Some people panicked and sell at the slightest drop and it goes up again and they regret and buy only to see the price drop again. Some people have bad timing, others know when to get in and get out. The safest and most stress-free way about Bitcoin is just get it and forget about it for about a year or two. You will then wished you could turn back time and buy as much as you were able to back when. And if, the price of Bitcoin go down zero, and no one uses them anymore, I'll do the world a kind favour to help get rid of the stupid, useless, ponzi scheme fad that was Bitcoin, and send to my address below.
Obviously supply and demand, but supply and demand can be manipulated by groups of whales, which can change trends, BUT the overall picture remains the same: BTC will keep getting more valuable in the future for long term, whereas FIAT will keep depreciating, and about 2050 it will be worth shit. THIS IS MATH.
I have a question, Why currency value changes, and falls?
The money "fiat" is printed on the air and huge debts - and it is clear that the media Spectrum"Ht economic affairs to maintain civil stability ... I'm really asking - what goes down in value from time to time Bitcoins or variable, rather than just going up and up and up?
Second question - if there is only a limited number of currencies in the world, 21 million coins will be in the future - why not keep the currency's say ten years, without ever thinking to trade. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
Syrian these philosophical questions - I'm really trying to understand.
More the people willing to buy more is the increment on bitcoin value.It's that simple The money "fiat" is printed on the air and huge debts - and it is clear that the media Spectrum"Ht economic affairs to maintain civil stability ... I'm really asking - what goes down in value from time to time Bitcoins or variable, rather than just going up and up and up?
Second question - if there is only a limited number of currencies in the world, 21 million coins will be in the future - why not keep the currency's say ten years, without ever thinking to trade. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
Syrian these philosophical questions - I'm really trying to understand.
A price fluctuations are mainly based on supply and demand but you can't predict what an individual is thinking when they sell their coins. They may very well think they can buy them back in the future for lower and this maybe a big mistake on their part. If enough people think they can sell for more then the future price then that would be a reason for lower prices.
Second questions. BTC is crypto currency which is totally new invention and many people still think it is ponzi scheme. When the price drop, some holders may scare price will spiral to decline, then cash out to fiat crazily. Every one knows the concept of limit supply of 21 million which will make the value of BTC increase dramatically in ten year's time.But many people don't have strong faith in application of such principle.
Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
The smartest people in the room are doing precisely that. Although in 10 years you won't need to sell it, you'll just use it.As for the rest, it's fear, mostly. Also, food and rent can't be paid in bitcoin yet.
[/quote]Well it looks like he is saying that the price would be much greater but it would be due to inflation, so the overall purchasing power would be the same/less changed.
I think that people also understand that there is some non-zero chance that bitcoin will not succeed and take those chances into consideration when they go to sell their bitcoin.
It changes because it is only valuable in comparison to other things of value. Why people don't just wait x amt of years until it is worth 1 million? lol. because 1) that is not certain AT ALL 2) ppl need to use it for things 3) if you KNEW it would hit $5 before $1million, you would sell too then buy at $5.
Quote
Why currency value changes, and falls?
This is very common, like the dollars, its price is changing every day actually
Value of currency chances according to supply and demand. Check for BTC ...when people start dumping BTC its value decreases.
I have a question, Why currency value changes, and falls?
Supply and demand; people speculating on near and medium-term future value of the asset. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
The smartest people in the room are doing precisely that. Although in 10 years you won't need to sell it, you'll just use it.As for the rest, it's fear, mostly. Also, food and rent can't be paid in bitcoin yet.
I have a question, Why currency value changes, and falls?
The money "fiat" is printed on the air and huge debts - and it is clear that the media Spectrum"Ht economic affairs to maintain civil stability ... I'm really asking - what goes down in value from time to time Bitcoins or variable, rather than just going up and up and up?
Second question - if there is only a limited number of currencies in the world, 21 million coins will be in the future - why not keep the currency's say ten years, without ever thinking to trade. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
Syrian these philosophical questions - I'm really trying to understand.
The money "fiat" is printed on the air and huge debts - and it is clear that the media Spectrum"Ht economic affairs to maintain civil stability ... I'm really asking - what goes down in value from time to time Bitcoins or variable, rather than just going up and up and up?
Second question - if there is only a limited number of currencies in the world, 21 million coins will be in the future - why not keep the currency's say ten years, without ever thinking to trade. Why sell currency at $ 450, and not wait ten years to sell it priced inhaled million?
Syrian these philosophical questions - I'm really trying to understand.
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