Bitcoins is unstable since bitcoins does not have any physical value.
The US government is standing behind the US currency, and there's no government standing behind bitcoins. Despite what some bitcoin supporters say, having governments standing behind a currency makes it more stable than having no governments behind it.
Topic: Why is bitcoin so unstable? - page 5. (Read 1987 times)
Simple answer?because this is volatile currency and at any chance it will go up or down depend on the demand from the people
who uses this.
Like other currencies(fiat Specifically) this can be use in everything like what fiat is,though in limited country only because
adoption is still at waiting.
And you must love the idea of this not being stable because in same manner why people here are investing for a chance of gaining more than what
normal trading platform can offer.
who uses this.
Like other currencies(fiat Specifically) this can be use in everything like what fiat is,though in limited country only because
adoption is still at waiting.
And you must love the idea of this not being stable because in same manner why people here are investing for a chance of gaining more than what
normal trading platform can offer.
The bitcoin is more active and unstable because there are a lot of users, member, investors, and business are using the bitcoin for their transaction. Also because of the demand. The same with the gold why it becomes expensive. The gold is commonly used for the transactions before, and because of the demand, it increases rapidly and uses for trading or payment. Next is the bitcoin because of the demand. We have a different sets of examples.
Bitcoin use for gambling
Bitcoin for investment
Bitcoin for payment
Bitcoin for trading
These are the common things we usually use with the bitcoin and it becomes volatile. Buy and sell.
Bitcoin use for gambling
Bitcoin for investment
Bitcoin for payment
Bitcoin for trading
These are the common things we usually use with the bitcoin and it becomes volatile. Buy and sell.
Don't compare Bitcoin to gold. They have completely different natures. Bitcoin is too young to be so stable.
I don't agree if Gold is said to have a stable price, because Gold is also volatile like Bitcoin. But Gold is less volatile, while Bitcoin is
high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.
If gold is less volatile, doesn't that mean it is less stable? Yes, bitcoin is very young unlike gold and this is the reason why people still don't trust it. But how can they change their attitude to this? high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.
I don't agree if Gold is said to have a stable price, because Gold is also volatile like Bitcoin. But Gold is less volatile, while Bitcoin is
high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.
high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.
Actually, there are not so much traders in the industry. Every big trader could affect the price
how can you compare the change in the price of Gold with Bitcoin...
gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.
Yes, the demand makes bitcoin more and more valuable. In recent years bitcoin is gaining more and more stability making its value growth get compared with that of gold. As of now countries haven't started to have bitcoin as reserve to back the economy. There are few exceptions like Bulgaria holding bitcoin in large volume than gold to back its economy. gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.
Has the introduction of bitcoin ever been equal to the introduction of gold ? If you do a little research you will find that many people have not heard of Bitcoin yet. If you talk about gold all around, it has been around for thousands of years, gaining people's trust and people consider it an asset. Where Bitcoin's journey began barely in 2008. Give a little time and you will see that bitcoin has become a stable coin all over the world.
how can you compare the change in the price of Gold with Bitcoin...
gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.
gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.
I think that the volatility of Bitcoin is due to the fact that large investors are not interested in the potential that Bitcoin has but they use it at their convenience and they get richer and richer by manipulating the price. Maybe this is a mistake. Another point such as a technology that allows you to make fast transactions and the cryptocurrency market is growing exponentially, the funds that were initially from Bitcoin have been transferred to other cryptos.
Bitcoin is different from gold, it is a digital currency while the other one is a precious physical object though some called bitcoin as "digital gold". Gold is known for centuries or more already while bitcoin is still growing and making its own name be known to everyone. Still, we are in the pace that slowly embracing the works of technology so bitcoin value may depend with future value of different online transactions.
Gold is an asset that has existed for many hundreds of years + it has a physical form, but what is bitcoin? It is just a digital asset that depends on many factors influencing it from the outside world.
The other description for this instability is volatility. Gold is also volatile but it is minimal compare to bitcoin, Gold is also deregulated. Main factor for the volatility is the speculative market which is determined by the market demand and supply. It is a deregulated market that is manipulative, as a decentralized platform it gives chance to a lot of factors for manipulation. Some think the whales, exchanges , the cycle and tokenomics are responsible for the manipulation.
The reason behind why Bitcoin is so unstable is simple and clear. Bitcoin and all of the other cryptocurrencies are volatile and gold is not. There will always be a possibility for a cryptocurrency to fall or rise sharply. This is the main feature of cryptos.
The main reason Bitcoin is volatile is its risky nature. Besides, the coins are finite, while its market capitalization is only a small fraction of traditional asset classes.
I understand it by rephrasing your words. Bitcoin's volatility is part of its nature and that makes it riskier than any of ther traditional assets and investments.But just like any other investment, the risk that bitcoin gives is better than those. We get a high-risk and high-reward investment through bitcoin. There might some who will understand it incorrectly being defined like that.
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 can lose 500$ within one night. Gold can't. Why that?
The mistake most people make is think that bitcoin is store of value already. The reality is that i aims to be a store of value something in the future and currently is more in the space of an asset. Gold has been a store of value for thousands of years while bitcoin, relative to it, is in its infancy.
Well actually some points are come.
bigwhales
bitcoin miners
Some signal provider channels
some influence youtubers
because of them the price of bitcoin fluctuat a lot. As we all know Big whales play their game by spreading some panic news . BITcoin miners wont get profit from mining, the generated profit only capable to recover the electric bills so the usually usually trade in heavy amount. As we all know when the buyers wll come in huge number , the price will increasing. So some signal provider channels and some influence youtubers also do the job to get profit. Recenlty we can heard about how dogecoin price pumped because of one TikTok video. So these are some fact Bitcoin is so unstable.
bigwhales
bitcoin miners
Some signal provider channels
some influence youtubers
because of them the price of bitcoin fluctuat a lot. As we all know Big whales play their game by spreading some panic news . BITcoin miners wont get profit from mining, the generated profit only capable to recover the electric bills so the usually usually trade in heavy amount. As we all know when the buyers wll come in huge number , the price will increasing. So some signal provider channels and some influence youtubers also do the job to get profit. Recenlty we can heard about how dogecoin price pumped because of one TikTok video. So these are some fact Bitcoin is so unstable.
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 can lose 500$ within one night. Gold can't. Why that?
There is no point in comparing gold and bitcoin - these are two completely different things. Gold is not even a currency - it is what the currency is backed by. Gold is what gives value for any currency, and accordingly for bitcoin as well. Why doesn't anyone talk about silver or platinum? There are metals much more valuable than gold
Basically, there are some reasons bitcoin is unstable such are:
1) New: Bitcoin is not to popular like gold, gold has been existing and well know in the world stable in all transaction.
2) Population: Bitcoin is unstable because is not to popular compare to gold that many people have been using over many years for business and other things.
3) network: network is one of the reason bitcoin is unstable,bad network can make your Bitcoin unstable.
I think you have 1 and 2 points are exactly the same in terms of meaning. However, there is some truth in them-bitcoin compared to gold as a Bush and a big tree. People have been using gold for thousands of years, and bitcoin is just a new fashion phenomenon. Most likely, the situation will change over time, as everything is being digitized. 1) New: Bitcoin is not to popular like gold, gold has been existing and well know in the world stable in all transaction.
2) Population: Bitcoin is unstable because is not to popular compare to gold that many people have been using over many years for business and other things.
3) network: network is one of the reason bitcoin is unstable,bad network can make your Bitcoin unstable.
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