Topic: this is my questions. (Read 347 times)
The only explanation that is very simple to give to this kind of situations which is understandable to everyone or that we have to settle for is just demand and supply based on the attitude the market participants are exhibiting at the moment. Although there could be other factors behind the scene influencing such actions but so far its not objective, it does not exist.
This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
The people saying bitcoin is trading related to supply and demand, while not inaccurate, are being overly simplistic. Nearly everything trades according to supply and demand, so knowing that isn't particularly useful. If you're asking why it is currently experiencing these wild price swings (drop of $1800 in a week, or roughly 35%; or shockingly a rise of roughly $900, or roughly 30% in just a few hours!), you cannot chalk that up to supply and demand. There are complex mechanics at work here and I doubt anyone professing to have the answer as to why swings of this magnitude are happening (which are large even by bitcoin volatility standards), actually knows themselves. There are millions of dollars being made right now on these price movements, and anyone who knows why it's happening isn't going to tell you and lessen their take of the profit. This is just an example of why this type of "investing" (read that as speculating) is risky and not for people who don't understand traditional investments, let purely speculative stuff like crypto.
I completely agree with your submission because it obvious some forces are at play here, and most time from the way I look at it, they use the current phenomenon or latest trend to their own advantage so that people can see something to attach ongoing scenerio to and divert the attention away from them.
Yesterday the news of a date for closing down exchanges filtered the air, price of bitcoin plummeted and today price started showing significant increase without any news to discard the one of yesterday to the best of my knowledge. It then means that the news itself is not what cause price to fall but some others factors ridding on the news.
This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
The people saying bitcoin is trading related to supply and demand, while not inaccurate, are being overly simplistic. Nearly everything trades according to supply and demand, so knowing that isn't particularly useful. If you're asking why it is currently experiencing these wild price swings (drop of $1800 in a week, or roughly 35%; or shockingly a rise of roughly $900, or roughly 30% in just a few hours!), you cannot chalk that up to supply and demand. There are complex mechanics at work here and I doubt anyone professing to have the answer as to why swings of this magnitude are happening (which are large even by bitcoin volatility standards), actually knows themselves. There are millions of dollars being made right now on these price movements, and anyone who knows why it's happening isn't going to tell you and lessen their take of the profit. This is just an example of why this type of "investing" (read that as speculating) is risky and not for people who don't understand traditional investments, let purely speculative stuff like crypto.
This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
When it came out, bitcoin was not even used by people, thousands of bitcoins were donated to participants free of charge. At that time, 10 000 bitcoin can only buy a pizza.
But now, with a bitcoin, we can buy a lot of things, the bitcoin's growth rate goes through all the rules. And that growth depends on supply and demand.
As stated, bitcoin's market value is determined by supply and demand. Bitcoin's supply is ultimately fixed at a total of around 21M, about 16.5M of which have been mined so far. A fair number are also believed to have been lost in unreachable wallets. As a result, demand is a bigger driver of price and is generally affected by news and investor sentiment.
Bitcoin increase or decrease is due to supply and demand. If you are a trader or investor, Bitcoin increase or decrease in the market is normal, it makes a profit for the business.
BTC above its being created late year 2009.
2013
BTC above its being created late year 2009.
2013
You are, too, in a member rank here in the forum, I suppose you must this basic knowledge about bitcoin. First, bitcoin's price or worth is determined by these factors: supply and demand. If the demand gets high, the supply is a little bit short on the contrary. And, bitcoin started in early 2009, it has no yet value but later it boomed in the market.
This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
You should need to read up even more about bitcoin.All the things you do said here on when it did start was year 2013? No it isnt. As being said above its being created late year 2009 and when the first transaction start thats the time considered on when it begin.Rising and Falling of its worth? Then theres nothing to be shocked because its one of the features of bitcoin on which its price volatility depending on its demand.
The worth of Bitcoin are rising and dropping because the demmand is high then the supply is low, so the bitcoin value is not stable at this month, I think in the month of December , the Bitcoin value is higher than now. So for me, I don't like to convert for now. I will wait until December..
This is why i ask, why bitcoin is rising and dropping her worth
The price of bitcoin goes up and down depending on supply and demand
and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
The value of Bitcoin in the year 2013, on what month? you can check it yourself on www.bitcoinwisdom.com
Bitcoin started in early 2009 and the value was $0 until a market was established with the first transactions.
This is why i ask, why bitcoin is rising and dropping her worth and what is the value of the bitcoin in the year of 2013? And when the bitcoin start ?
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