why bitcoin volatile? - page 2. | Bitcointalksearch.org

Dilerium90

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Quote from: kalel18 on November 10, 2018, 10:33:12 AM

as a novice in the cryptocurrency world I want to know why the bitcoin price fluctuate and where the recovery comes from. because I was wondering why. Is it because of market or bitcoin users gradually

The cryptocurrency market is very young and not many people are included in it to reduce volatility. The second reason is that no one knows the appropriate price of bitcoin. It can be either
$ 100 or $ 1,000,000. For this reason, Bitcoin will be very volatile for a long time, in my opinion.

fcklife

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the volatility depends on the huge investors dumping and bagging bitcoins. the volatility may be lessen if the masses are fully aware of what bitcoin is and its a matter of time to accomplish that.

mk4

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Quote from: tdrinker on November 10, 2018, 11:11:37 AM

Price is always determined from supply and demand. Demand in this space changes rapidly because bitcoin is a highly speculative asset and the future remains very unclear. There's big scope in opinion from complete failure to world dominance.

Just to add to this: In addition to bitcoin and cryptocurrencies in general being a highly speculative asset, bitcoin and the whole cryptocurrency market's total market cap is quite small for now, compared to other assets like stocks, precious metals. Hence, big buy or sell orders can easily skew bitcoin's price to either direction to a certain extent, depending on how big the market order is.

Also, the barrier to entry to bitcoin or cryptocurrencies in general is quite small, hence you see people without any knowledge about bitcoin or crypto in general enter the space, while probably most of their opinions about bitcoin/crypto being easily manipulated through shills and FUD through social media/news.

bosta20

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Quote from: kalel18 on November 10, 2018, 10:33:12 AM

as a novice in the cryptocurrency world I want to know why the bitcoin price fluctuate and where the recovery comes from. because I was wondering why. Is it because of market or bitcoin users gradually

It's normal with new markets and new technologies....but i seriously believe that the volatility will reduce with more adoption!

SnapDown22

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Quote from: Amevalentine on November 10, 2018, 11:17:42 AM

Quote from: tdrinker on November 10, 2018, 11:11:37 AM

Price is always determined from supply and demand. Demand in this space changes rapidly because bitcoin is a highly speculative asset and the future remains very unclear. There's big scope in opinion from complete failure to world dominance.

bitcoin is changing because many factors, which are unstable price and selling issues, are finally changing every day and I think this is a natural matter because bitcoin is in the crypto market

Changing this matter is a natural thing. I am not surprised anymore if Bitcoin changes, because yes, bitcoin is included in the crypto market and I think it must change, the fox is not just monotonous.

Snyderfx2

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Quote from: tdrinker on November 10, 2018, 11:11:37 AM

Price is always determined from supply and demand. Demand in this space changes rapidly because bitcoin is a highly speculative asset and the future remains very unclear. There's big scope in opinion from complete failure to world dominance.

Of course and mainly in bitcoin the price is determined by the demand which is why it is highly volatile than other fiat currencies because unlike other today bitcoin is mainly used as a investment asset in the current world and people view towards bitcoin changes all the time according to media news and other reasons which changes the demand level so the price changes all the time and those are main reasons too why bitcoin is volatile

Amevalentine

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Quote from: tdrinker on November 10, 2018, 11:11:37 AM

Price is always determined from supply and demand. Demand in this space changes rapidly because bitcoin is a highly speculative asset and the future remains very unclear. There's big scope in opinion from complete failure to world dominance.

bitcoin is changing because many factors, which are unstable price and selling issues, are finally changing every day and I think this is a natural matter because bitcoin is in the crypto market

Snyderfx2

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I think bitcoin is too much volatile mainly because it is not a centralized currency so there is no organization or a authority to control its value which is unlike with major fiat currencies in the world like USD, EURO,JPY and other where each and every one of them have a centralized government or a central bank to manage and control the currency price in necessary situation so they are fluctuates with minimum volatility

tdrinker

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Price is always determined from supply and demand. Demand in this space changes rapidly because bitcoin is a highly speculative asset and the future remains very unclear. There's big scope in opinion from complete failure to world dominance.

dimiinx

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Quote from: kalel18 on November 10, 2018, 10:33:12 AM

as a novice in the cryptocurrency world I want to know why the bitcoin price fluctuate and where the recovery comes from. because I was wondering why. Is it because of market or bitcoin users gradually

the name is also the crypto market just like other market markets and bitcoin is inside the market if it doesn't change there will be no sense and no one can see stastik for the bitcoin market we can monitor bitcoin from the volatile stastik

Marshall14

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There happens to be no exact reason why the bitcoin's price fluctuates and it's impossible to get an exact reason why it actually does..
One reason hinges on the adoption of the currency and this is based on the supply/demand for the currency,and increase in demand for the currency most times pumps the price,while a decrease in supply/demand leads to a downturn in price..

Another reason for the price fluctuations happens to be negative press, the news most times portrays the bitcoin as a scam,ponzi scam and all sorts of negatives,this most times tends to dissuade investors from investing in the currency and thus a reduction in price
There could also be a boom, if more and more investors find the system attractive,hence invest in the bitcoin,it could also lead to a rise in price...

kalel18

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as a novice in the cryptocurrency world I want to know why the bitcoin price fluctuate and where the recovery comes from. because I was wondering why. Is it because of market or bitcoin users gradually

Topic: why bitcoin volatile? - page 2. (Read 331 times)