Topic: Why is bitcoin so unstable? - page 2. (Read 1987 times)

For the simple reason that gold is a stable mineral that does not have billions of influencer behind it and bitcoin does and has more crazy fluctuations in the market

there is no guarantee Bitcoin will be stable when adoption is widespread because Bitcoin is a decentralized coin.

I am alone can interfere with the price of Bitcoin if I have millions of Bitcoin and then sell them all in the market.

Bitcoin is a decentralized coin and it has been recognized that what controls its price is the amount of market demand.

Bitcoin is still in its early stage which means there will be more volatility, but with time and wide adoption it will be come more stable.

Bitcoin is still a young asset and every asset begins with high volatility. This market is influenced by different variables. Demand and supply are very important in this case but in addition, the international market and economic recession, consumer purchasing power, bank interests, bad news or good news, the tax treatment of Bitcoiners, rate of Bitcoin investments in high inflation countries, and speculative impacts work much more in this market.

Bitcoin is only 11 years old, and still in beta phase we are still in an adoption phase but we're getting there. Recently, Institutional investors are moving into BTC one of the latest company that bought BTC is Stone ridge with the amount of $115M. Surely Gold has its ups and down just like what's currently happening to BTC market, if you're a real investor, you should know this basic things.

Gold was used a thousand years ago, it is a stable asset and over time its value increases even more. Bitcoin is a cryptocurrency and it is volatile the value is so unstable so it is traded because it is made that way and they are different. Yes in Bitcoin you can lose a hundred or even thousand dollars but it can also be reversed and you can earn that amount in just a whole night.

Oh my

Bitcoin still has a high volatility because the demand and supply must move so that bitcoin users and traders may earn because if it has a stable value, it will be like a local currency and we wont be able to earn big amount of money with that so we must take our chance while the bitcoin still doesn't have a stable price. It's value may not be perfectly stable and might move but not too much like other local currency and it will force us to find another unstable coin to trade.

Bitcoin price volatility is caused by the fact that it has not yet reached its true stable price, and I have no doubt that its price will continue to grow in leaps and bounds every year for many decades. This is not surprising for a currency that may one day replace all other existing currencies in the world because most of the useful uses for bitcoin have not yet been invented. After all, we all understand that a means of accumulation is far from its only role.

Bitcoin we realize the number of coins will actually exist and except if there is a fork that changes this that sum will never show signs of change, this implies when there is an adjustment in the interest the gracefully side can't stay aware of it and this builds the instability. The cost goes here and there, however less unstable contrasted with bitcoin. Where as any news or occasion would influence the cost of bitcoin since the fate of bitcoin itself isn't clear. You should take a gander at the since quite a while ago run outcomes.

Its true. Gold has been around for millions of years being used by the old age/old Government as back up currency or as payment method when they are running out of money. As for bitcoin, its really unstable because its a decentralized cryptocurrency and its volatile by nature. The changes and movement of bitcoin in the market is uncontrollable while Gold has been so stable in its value, since it was already proven useful million years ago, up to present.

It’s wont be fair enough to compare the activities of bitcoin to that of gold. Gold as a natural resource  has been the store for value since ancient time and at one point used as a means of purchasing power/Currency. It’s uses and purpose increases to man in different ways,Gold are used for beautification/Ornaments, for making jewelry’s etc.Gold is as old as man on earth and bitcoin is barely two decades in existence. The value or stability of gold will be at higher advantage for now because the world is still getting to know more about bitcoin.

The future of bitcoin is not known yet but looking at the daily market analysis it is believed that there is hope and better chances of bitcoin in the next generations . The rise and fall of bitcoin can be linked with so many issues among which are the bad economy ,Different systems of government around the world , natural disasters, pandemic, war and many more, with all these the price of bitcoin will continue to rise and fall. It is also key to note that gold appears in it physical form and can be transformed to different shapes and purpose by a goldsmith whereas bitcoin is an electronic currency.

Instability of bitcoin as a currency  will not  be the first in the history of man because just like every  other currency even the price of dollars are also affected sometimes and we experience changes in dollar rate.

yes, the value of bitcoin is very volatile, if the fluctuation of the price of an investment is greater, the greater the risk you will take if you decide to invest.  and your income will be big too.  There are many factors that influence bitcoin fluctuation.  when we see many people who support bitcoin, it will make bitcoin survive and rise, like Japan who chose to pro to bitcoin.  But if a lot of people make bad news and bad support for bitcoin, then the value of bitcoin will fall, just as China chose anti bitcoin.

bitcoin is like a king, many altcoins follow bitcoin, for example the price of bitcoin rises, the price of alcoin also rises and vice versa,
The price of coin is unstable the word you mean sometimes it's unstable the word can't be held so I conclude bitcoin is unstable,

Bitcoin and the cryptocurrency market are in their infancy compared to all other markets. First of all, bitcoin's widespread use in payments, in the reserves and application of the entire Crypto market is new and only being noticed.
Bitcoin is volatile in the 10% range and is heavily influenced by news. Besides, the manipulation of bitcoin investors greatly affects the value of bitcoin as well as the variation in the various derivative markets.

Please, stop spreading fake information, price of stable coins is not stable at all since they are all pegged to unstable fiat currencies. What is price of money, anyway? Essentialy, it is an amount of commodities you can buy with one unit of currency. Price of commodities is measured in money, and vice versa, the purchasing power of money is measured in commodities. When you inflate the total supply of money (provided that demand is stable), you therefore need more units of money to buy the same amount of commodities, its purchasing power is decreasing over time. So, the price of fiat money and price of stable coins are not actually stable, it is slightly depreciating all the time instead. In bitcoin, you cannot manipulate the total supply, and the price of bitcoin depends exclusively on fluctuations in demand. Price of bitcoin is therefore more stable than that of fiat and stable coins, because there is no fluctuations in the total supply.

People prefer Gold more than bitcoins.
It still takes a lot of time for bitcoin to familiar with all people around the world. Bitcoin increased $500 in nights due to its violation state, and there's no comparison in gold with bitcoins.
But I know if people came to know how bitcoin helps increase your cash, they'll surely quite using gold and move to bitcoins.

Bitcoin is decentralized and can not be constrained by anybody. Where gold is utilizing from thousand of years and the government itself uphold it.
If the price of bitcoin falls $500 at nights then remember it can be increase double at nights.
Bitcoin was made in 2008 and now the following years, its cost is triple.
You can not contrast bitcoin and Gold, since Gold cost is controllable and governments are overseeing it, where bitcoin is unstable and nobody has the capacity to upset its cost.

I don't agree to compare gold with bitcoin and it has even spread everywhere, bitcoin was born in 2008 whereas gold has been around for thousands of years even before gold banknotes existed.

The same can be said about Google or Tesla... Or any other... They are just as subject to volatility, but it's not correct to measure changes in dollars, it's correct to measure the percentage...