Topic: Why bitcoin value in dollar always changes? - page 2. (Read 1620 times)
i just thinking simple,maybe because dollar is strongest currency and many people using dollar for comparison to other currency
Same answer but more detail - the value of bitcoin in terms of dollars is just a translation, a conversion form one metric to another. The same exists between bitcoin and every other major currency.
The reason for the changes is supply and demand - if there are more buyers than sellers, the price goes up. If there are more sellers than buyers, the price goes down. The challenge is figuring out who's buying/selling and/or what's causing the popular sentiment to buy or sell on any given day.
The same exists in the stock market.
The reason for the changes is supply and demand - if there are more buyers than sellers, the price goes up. If there are more sellers than buyers, the price goes down. The challenge is figuring out who's buying/selling and/or what's causing the popular sentiment to buy or sell on any given day.
The same exists in the stock market.
what are the reasons that effect the bitcoin value?
Supply and demand, what people are bidding for and asking for on exchanges. Those all are factored into determining the price of Bitcoin in fiat. It is just like how the price of stocks is determined, and the whole thing is highly volatile. 
You should ready this article. It's really helpfull.
https://bitcoinmagazine.com/articles/bitcoin-volatility-analysis-1377627247
For newcomers this sudden rise or decline could be terrifying, however if you read more in to, you will understand the concept, and all the pro's of it better.
Good luck reading up.
https://bitcoinmagazine.com/articles/bitcoin-volatility-analysis-1377627247
For newcomers this sudden rise or decline could be terrifying, however if you read more in to, you will understand the concept, and all the pro's of it better.
Good luck reading up.
The price is based on supply and demand.
what are the reasons that effect the bitcoin value?
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