Why bitcoin prices are always very unstable - page 5.

Meuh6879

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Quote from: ytr8 on September 27, 2014, 07:29:00 AM

Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline.

because :
* nothing control bitcoin except buy and sell
* paypal don't do anything now for bitcoin ... always bloody news annoncment without real event
* because more miner, more sell of BTC on exchange (prices fall).

vancsj

member

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Quote from: ?? on ??

It's always very unstable because Btc price could go up and go down in a moment and we can't ever know if we should buy or sell...

Just keep them.

Soros Shorts

donator

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Quote from: PenAndPaper on September 27, 2014, 07:53:36 AM

Because of the poor liquidity... Even moderate orders can move the price up or down big time.

Which is a result of poor float (measured in USD or some other fiat). This will improve when the market cap improves, or when large holders start using their coins more.

shanem

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Bitcoin market is still small compared to big money market like forex and commodities.
A few million usd will be able to move bitcoin market but is nothing in forex.

BAIDY1

member

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I want to give you an answer: Do not care about its price, care about that in the future whether you have a greater number of bitcoins.

franky1

legendary

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its because people are thinking that all 13million bitcoins are being traded.

infact the majority are being traded on BTC-E, coinbase and bitstamp... and in many cases coinbase follows the pricing of the other two..

so if for instance btc-e went up, bitstamp would move too, and then coinbase would see a price change and follow suit.

its called "sheep following" prices.

the major problem is that on btc-e for instance most orders are $5(0.0015~) and so it only takes 100btc to make the price jump $70.

so that 100btc whale bite can make the entire market cap of bitcoin move from $5.2bill to $6.1bill market cap estimate.

yes you got it right 100bitcoins ($40k) can fool people into thinking the entire bitcoin market moved $1bill in value.

ill make it clear again. SHEEPLE are following statistics of small trades and FUD. and we all need to wise up and value bitcoins properly

borna_121136

newbie

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In my view, I think it hasn't had the time to settele yet, but its settling now, i guess.

vancsj

member

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Quote from: ytr8 on September 27, 2014, 07:46:37 AM

You mean: not the bitcoin's price instability, but the Dollar's price instability?

Bitcoin price is instable, because it is not stable compared to most goods.
But it doesn't matter, it will get stable if it get widely accepted.

PenAndPaper

sr. member

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Because of the poor liquidity... Even moderate orders can move the price up or down big time.

ytr8

full member

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Quote from: yokosan on September 27, 2014, 07:33:29 AM

Only if you are looking at rate to $

You mean: not the bitcoin's price instability, but the Dollar's price instability?

yokosan

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Only if you are looking at rate to $

ytr8

full member

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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.

Topic: Why bitcoin prices are always very unstable - page 5. (Read 10474 times)