Topic: Why bitcoin prices are always very unstable - page 4. (Read 10474 times)

Because people is lossing interest, and we see bumps of whales entering the market when people like overstock withdraw big stashes of BTC. So you have a bill sell off, a big whale entering (pump and dump) and in general the 99% of people that can't afford BTC lossing interest. So we have a downtrend with up and downs.

Price will always be unstable, because fresh suckers are needed to pay for the miners' electricity costs.

Either there will be a 4th viral bubble outbreak, or the price will steadily slide down.

There will never be stability.

Agreed, this is obviously whale manipulation, and if I had the kinda btc they had I would do the same thing. But remember, they are making money off you, and at some point of their choosing they will pump BTC sky high

If you look at this discussion, you can clearly see how diverse the opinions are, even among bitcoin supporters. This shows how "unstable" this development still is, and kind of reflects the volatility of bitcoins. However this is often the case with new ideas, developments, etc. and I'm sure with more confidence among investors, traders, entrepreneurs, etc. there will be more stability as well!

because it's not distributed right, and there is plenty of manipulations going on, on each exchange

The price of it what it is because the whole activity of the exchanges only involve nearly the 10% of the total amount.

The more diversification of the Bitcoin economy and independance of the exchanges the lower the price inside an exchange.

Also wonder why the changes/decline was quite big not just by a dollar or two. BTC now is $375.53.

but if they dump the price like that, mining will not be convenient anymore!!

The miners are dumping millions a day to pay for electrical and other costs - I don't see this amount being replaced

Speculators can only buy so much bitcoin. What we need to see happen is more people buying bitcoin that will actually use bitcoin to stimulate the bitcoin economy. If we only have speculators buy bitcoin then they will eventually wish to sell causing the price to decline

It's more volatile because it's something completely new, the world has never seen such a thing before, so we are not sure how we should rate it.

Some people think bitcoin is completely useless and worthless, and therefore it has no value at all, other  people think bitcoin is useful, scarce and very valuable. And therefore they think bitcoin may be worth millions.

Many people think something in between.

Many people now try to agree on the current value by buying and selling. They buy when they feel the price is too low (and they have fiat left over), they sell when they feel the price is too high. Of course this is not a stable thing, because the idea of high or low price changes constantly. If something happens that may change the personal opinion of everyone, but not everyone's opinion will change at the same rate. Some people may think the news is slightly good, others may think the news is perfect, and yet others may even think the news is bad. So they will change their value accordingly.

It will take a long time before people agree how much a bitcoin is worth, and than the price will eventually become more stable.

First we should probably care about the value, because at current value we are much too low to have enough value in bitcoin to serve the whole world.

When bitcoin more popular, lot people buy bitcoin
and bitcoin owner sell bitcoin they have

This happen everytime, so the price is very unstable


It's not new anymore

The rally is real on good news, but there are still more miners selling than speculators buying.

A few years ago, mining were spread out over many small fish when people believe in the technology and horde all the coins they mined. This is no longer the case when ASIC came out and cooperation get involved.

Dollar Price Reduction
btc down on

bitcoins isn't already new and besides you can see ads about it in facebook

bitcoin is still new it will become more stable in the future

Because the bitcoin price its based in the transactions. If BTC get more transactions price will go up.

Not enough people use it to be more stable. It will also need to get a bit higher price, that more people will be able to use it.

the volume on exchanges is low compared to forex.
ignore the price, there's no point getting excited about big movements in a market with only a few million USD in volume, focus on the technology.

There are a lot of people with hidden agendas that have a lot of money invested, we can't never know if the market fluctuations are exclusively genuine supply and demand or actual manipulation.