Why is bitcoin so unstable? - page 3.

ice098

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Quote from: mezzaluna on October 08, 2020, 12:13:58 PM

Quote from: Chrystora123 on October 08, 2020, 09:53:02 AM

Quote from: Jayrmalakas on October 06, 2020, 07:10:08 PM

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

Quote from: Marina5 on October 08, 2020, 09:35:16 AM

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

I really approve that reason and would be my basis on why Bitcoin's value is fluctuating but what is hard to determine is why people needs it on some months because the fluctuation is totally random. People only panic sell when they needed the money in a rush but not their choice to sell it lower.

I bet that word unstable doesn't fit in the world of cryptocurrency well first reason of this is because cryptocurrency was decentralised currency meaning to say it is not adopted legally by the government and mostly not controlled by the government or any legality government. Second, bitcoin was a kind of cryptocurrency that's why my explanation regarding cryptocurrency was fit in bitcoin also. I think you should be used about being unstable of bitcoin.

Lerikaweb

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Quote from: BlackHatCoiner on August 12, 2020, 10:53:56 AM

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

I'm sorry for saying so, but what you've written is a bit illogical. Why don't you take the inflation of usd in consideration? 20 dollars back in 1900s and 20 dollars now are totally different amounts of money!
And also, btc can lose 500$ within one night, but it can also gain 500$ or even more. Can gold gain a 100$ within a noght? Don't think so)))

choechristian00

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Looking at bitcoin's price map, you'll see a tonne of ups and downs, or maybe even more dramatic. the value of this cryptocurrency is never in place at all. And while the same can be said for any financial asset - From gold to capital – things get intense for Bitcoin.

mezzaluna

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Quote from: Chrystora123 on October 08, 2020, 09:53:02 AM

Quote from: Jayrmalakas on October 06, 2020, 07:10:08 PM

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

Quote from: Marina5 on October 08, 2020, 09:35:16 AM

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

I really approve that reason and would be my basis on why Bitcoin's value is fluctuating but what is hard to determine is why people needs it on some months because the fluctuation is totally random. People only panic sell when they needed the money in a rush but not their choice to sell it lower.

bayu7adi

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Quote from: Chrystora123 on October 08, 2020, 09:53:02 AM

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

the panic happened not just because of the news whales. In fact, the possibility of panic selling is smaller if there is only a transfer of a number of assets from wallet A to wallet B. In fact, people will panic when the development of the project they have invested in turns out to be breaking down. It's a nightmare where the developer doesn't provide clarity on what's going on.
However, to avoid panic deficits, we must be more careful in making decisions. we must be able to understand the situation that is going on when panic occurs. And make sure before investing you have plan A and plan B so you don't get confused

Chrystora123

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Quote from: Jayrmalakas on October 06, 2020, 07:10:08 PM

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

Quote from: Marina5 on October 08, 2020, 09:35:16 AM

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

Marina5

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As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

canaris1985

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BTC is entering its teenage years, of course it's dazed & confused, it's not even comparable to an old-ass titan like gold (which, if you look at percentage, not value, isn't the most stable store of value either)

dificanovi

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All cryptocurrencies experience ups and downs in price because the crypto market is controlled by traders. Bitcoin is unstable because traders and investors want to profit. we just follow the course of the crypto market, if we want to get a profit we have to patiently hold BTC until the price goes up even more.

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The price of Bitcoin has been always volatile. In the most basic sense, trading determines the price of it. What gives Bitcoin value is the last trade conducted on a crypto exchange. This means the rise of buying pressure is what makes Bitcoin go up while the increase in selling pressure lowers its price instead.

We have a thorough article in our blog about Bitcoin price you could read: What makes Bitcoin go up & down.

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Karl
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Quote from: BlackHatCoiner on August 12, 2020, 10:53:56 AM

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bitcoin volatility occurs because bitcoin has a maximum supply of around 21 million bitcoins, if the maximum supply of bitcoins is not there, I am sure bitcoin volatility will not be large,
But it also will not happen when market demand is unstable, because bitcoin price is affected by market demand, when demand is high there is a possibility of great volatility.
If you want to be more secure, you can buy a stable coin, the price will always be stable around 1 usd.

shamimal93

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The price of gold is fixed because gold has been used as one of the means of exchange since ancient times. I think if Bitcoin gets as much time as gold has to get the price fixed then it will also get fixed. Bitcoin is only 10 to 12 years old. So there is no reason to regret the price volatility. I am sure the price of Bitcoin will be stable at some point.

tanjiran

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Quote from: Zilon on October 07, 2020, 02:25:26 PM

Just like every other commodity in the world bit coin with its current demand and traded value is not expected to remain static. Looking at its current global value and the rate at which it fluctuates we can state that the demand of it is gradually depreciating considering the introduction of altcoins

Bitcoin is just like any other investment product, but bitcoin is decentralized. The more volatile the price of an investment is, the greater the risk if you decide to invest, on the other hand, your chances of profit are getting higher too. In time, the price of Bitcoin has stopped fluctuating as much as it did in the beginning. Even if there are extreme changes, it must be due to certain news or rumours affecting the market.
The strength of the bitcoin market is quite strong, even though there are many new altcoins with new innovations, bitcoin still dominates the crypto market, let alone was adopted first. So in my opinion, the decreasing demand for bitcoin is not an impact of the emergence of altcoins, but only because of a certain time or news or rumours that make it so.

Zilon

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Just like every other commodity in the world bit coin with its current demand and traded value is not expected to remain static. Looking at its current global value and the rate at which it fluctuates we can state that the demand of it is gradually depreciating considering the introduction of altcoins

Celebrityfarmer

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Quote from: Poker Player on August 12, 2020, 11:09:02 AM

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

i disagree with you that because bitcoin was created in 2008 while gold has been in existence long before then hence it affects the stability of bitcoin reason being that you can not accredit the instability of bitcoin to just the year of creation because bitcoin is another form of currency which despite its recent year of creation has gained so much popularity and usage and it’s widely used in forex which involves the buying and selling of other currencies

jiellenw

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That's the way cryptocurrency is built. Not only Bictoin changes its value almost every second. All dipends on stock market.

jaresmerel001

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Bitcoin value continues to decrease as the group exposes security vulnerabilities in order to make security improvements. In April 2014, reported vulnerabilities contributed to a 10% decline in bitcoin prices. If you lose your cryptocurrency, or you get robbed, there is no way to get it back.

In December 2016, a hack resulted in $70 million of NiceHash's bitcoin being stolen. Security breaches are a major concern for bitcoin and the lack of insurance is exacerbating the issue.

As of April 2018, more than $670 million was stolen from bitcoin. This cause bitcoin to be more unstable.

Leviathan.007

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Comparing to the age of Bitcoin it's not unstable at all. Because, the bitcoin market is very young and there is not too much funds invested on it comparing to the other markets such as stocks and forex. Also in the other hand, a huge part of the current available bitcoins are owned by bitcoin wallets and this huge amount of bitcoin will make the price move really high and low whenever they sell or buy. However, this problem will be solved over the time when more people start to buy bitcoins.

shoreno

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I think it's a lot like the stock market.This is the nature of the price increase.So you have to trade inside it.Gold's case is completely different. I think so.As such, it will be very difficult to compare it with Gold.

not familiar on how stock market works but can you explain it ? since you already explained it . how can you say that btc works like a stock or stock market . im only aware that btc is mainly compare with gold .

i know how gold works and i can agree to those comparisons . you said trade inside it , you mean trade btc inside the stock market ? but both are just seperated .btc has its own market and stocks too but i remember there was an exchange before , its mainly built for btc and crypto but you can also trade stocks with it .

3meek

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God, save BTC!

Quote from: BorisXY on October 06, 2020, 07:50:41 PM

Quote from: BlackHatCoiner on August 12, 2020, 10:53:56 AM

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold has been in use for ages, while Bitcoin came up in the 20th century. And gold is a Fiat currency, its globally accepted as a means of exchange, while most countries don't know what Bitcoin is.

Correction - Bitcoin came up in the 21st century! Wink

Bitcoin is volatile because it has no regulation, and all existing exchanges at the moment resemble Wild West! Huge holders can manipulate the price as they want!

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