Topic: Why is bitcoin so unstable? - page 9. (Read 1987 times)
Gold has been used by people as a safe heaven, while bitcoin is not currently used as a store of value but as an investment (make profit). Bitcoin is also very easily influenced by news, and the state of the global economy.
Bitcoin is an object that is invisible and cannot be held but has a nominal value that can be exchanged for tangible goods or money, unlike gold that can be used daily in the form of jewelry but bitcoin also easily jumps high and falls drastically because bitcoin is like world stocks which is not statistical but cumulative, it is the advantages and disadvantages of bitcoin that make many people curious every day
If we were to put gold and btc to be created ar the same time
I can be so sure that bitcoin would beat gold in terms of value
Bitcoin was created 2008 and see how far it reached unlike gold which was created tens of years ago
If I was to choose between gold and bitcoin
I would pick bitcoin
I can be so sure that bitcoin would beat gold in terms of value
Bitcoin was created 2008 and see how far it reached unlike gold which was created tens of years ago
If I was to choose between gold and bitcoin
I would pick bitcoin
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For an asset/commodity/currency or whatever you choose to call it, with very high speculation ongoing in its market backed by lots of developing yet been this stable (especially) in the past couple of months irrespective of it trading between a certain amount is unfair to compare it with an asset that have been around for centuries. Gold has has been around since BC if I still remember my Bible stories correctly.
It's just a matter of time before bitcoin gets the that level of stability but until then we just have to enjoy the ride. Bitcoin is unstable because it has real value, and low supply coupled with very high demand so you don't expect a new hot asset ti he boring. Gold is just boring if you have tested what bitcoin can offer.
It's just a matter of time before bitcoin gets the that level of stability but until then we just have to enjoy the ride. Bitcoin is unstable because it has real value, and low supply coupled with very high demand so you don't expect a new hot asset ti he boring. Gold is just boring if you have tested what bitcoin can offer.
There's lot of factor i think
one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time
that my thought
So basically what you are trying to say is that because of the decentralization bitcoin so unstable and it is simply works. There are available bitcoins always and any one can move freely in and out the market making the instability of bitcoin at its finest. It starts of with mining, they can just sell it out once they mined it but I doubt they are really doing that during these days coz bitcoin can potentially reach its ATH this year.one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time
that my thoughtAnd yes, gold, uhmm we can assume that it won't lose its value even if the world economy is disastrously bad.
Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.
The decentralized in nature of Bitcoin was not the reason why its price is unstable and what I understand is that everything items that its price was determined by the demand and supply stance in the market will be unstable in price. Meanwhile, Gold was also unstable in price despite that it was used as a federal reserve but it not volatile in nature as bitcoin. It is, you said that it was determined by the demand and supply stance in the market that is why I said that we users and investors are the one controlling it since every movement of bitcoin in the market can affect the price. I can say that decentralization is the root of it since without a body actually controlling the price, it is affected by those who holds the most, sometimes huge hacks and scams.
Also, I didn't say that gold is not unstable. I just said that the potential of it increasing in terms of price are high. It is also volatile but as you've said it, it is not as volatile as bitcoin.
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?
Both Bitcoin and Gold are not stable. It is just that Gold has a less volatile market value compared to Bitcoin and other cryptocurrencies. The reason why a market value of someything moves up and down is because of the demand-supply relation. Bitcoin can lose 500$ within one night. Gold can't. Why that?
This is just subjective a subjective opinion. But if we would compare Bitcoin and Gold, Gold existed for decades already while bitcoin is in 20's if I'm not mistaken this may also be a factor since it took years before its market price to be less volatile. Another thing is that Gold is being used before as a store of value, daily purposes such as making merchants and the likes, and also for trading goods across countries before and up to this point. Given that Bitcoin is not being used to most of the countries as of now as a medium for services and other daily use, except for being an investment or store of value. That I think is also playing a role why the market price of Bitcoin is too volatile. But this is just a guess.
Don't get bothered that mate, the volatility feature that Bitcoin has makes a lot of things different from how it looks and how it is getting far from the rest of cryptocurrencies and the gold as well. If we are asking when it become stable? You'll probably aren't be getting the answer coz it is actually what Bitcoins since before and we can never change that looks.
And besides, people love it not because of its price but because of its being more volatile than you've compared to gold. Accepted to have a high risk in Bitcoin investment but this is also a way it makes people become profitable than investing (less volatile) gold
And besides, people love it not because of its price but because of its being more volatile than you've compared to gold. Accepted to have a high risk in Bitcoin investment but this is also a way it makes people become profitable than investing (less volatile) gold
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?
because every big profit has a big risk too, so if you look at the price movement of bitcoin then you will see that the price of Bitcoin is increasing faster than Gold, so that the profit you get will be faster if you invest in Bitcoin rather than Gold, but it makes the risk of investing in Bitcoin higher than you are investing in Gold, because the price of Bitcoin can fall very quickly than the price of Gold.
Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.
The decentralized in nature of Bitcoin was not the reason why its price is unstable and what I understand is that everything items that its price was determined by the demand and supply stance in the market will be unstable in price. Meanwhile, Gold was also unstable in price despite that it was used as a federal reserve but it not volatile in nature as bitcoin. There are many reasons why bitcoin has become unstable, one of which is because Bitcoin is a new technology that is still unknown to ordinary people. The new technology will go through a hype cycle which at first was only known and used by a handful of people, then slowly the new technology is used by the general public and suddenly there will be some opinions that appear or with exaggerated statements about the new technology.
This is what makes bitcoin price very volatile, investing in Bitcoin will also affect emotions. A lot of good and bad news will be scattered around trying to influence the price of bitcoin.
There are many reason why Bitcoin is unstable but it not because it seems to be a new technology or unknown by most people and everything that is assest, commodity or currency is expected to be unstable in price. Understand, that gold have been around for decades and it price is also unstable. This is what makes bitcoin price very volatile, investing in Bitcoin will also affect emotions. A lot of good and bad news will be scattered around trying to influence the price of bitcoin.
Bitcoin is one of the very first coins which is conquering the whole market price of the cryptocurrency we all know that only a few people support this coin but by the time goes by they see the potential of this coin to make a good market profit and some of the people encourage to support this coin.
Why is the market price of the bitcoin is unstable the reason is many people make an investment with this coin and some of then are making trades, how about the large movement is the coin? It's because of the whales all known as one of the biggest investors sometimes they are the manipulators, even this is a decentralized coin if you are one of the biggest investments you can really manipulate the market price of the coin.
Why is the market price of the bitcoin is unstable the reason is many people make an investment with this coin and some of then are making trades, how about the large movement is the coin? It's because of the whales all known as one of the biggest investors sometimes they are the manipulators, even this is a decentralized coin if you are one of the biggest investments you can really manipulate the market price of the coin.
There's lot of factor i think
one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time that my thought
one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time
that my thought
Gold has been used as a store and luxury item since ancient times. Yet most countries in the world keep gold as a backup of their reserves which minimizes its volatility. Gold prices are regulated in the international and domestic markets. As a result, the gold market is less likely to be volatile.
Bitcoin, on the other hand, is a digital currency with limited supply and no regulator. Its price fluctuates on the market demand. Bitcoin as a digital currency can be traded in the fastest time at low cost, so its use increases a lot. There are also whales with bitcoin who live in large quantities and manipulate the market which reflects high volatility.
Bitcoin, on the other hand, is a digital currency with limited supply and no regulator. Its price fluctuates on the market demand. Bitcoin as a digital currency can be traded in the fastest time at low cost, so its use increases a lot. There are also whales with bitcoin who live in large quantities and manipulate the market which reflects high volatility.
If you want to know why Bitcoin is so volatile, you should answer the question "why do Bitcoins have value?". It's impossible to name a single reason. Bitcoin's price and volatility depend on many different factors.
Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.
Gold is valued based on different factors that aren't a speculative event for the cryptocurrency markets. As cryptocurrency is speculative it reacts to any small changes in the market volume due to any of the incidents happened relative to the cryptocurrency market. This at times cause large level fluctuation, which is the reason for unstable situation prevailing with cryptocurrency market.Another thing is the market size and the liquidity level. Compared to gold the market of cryptocurrencies were very low, maybe when the market size grows we can expect more stability.
bitcoin was created for commerce and like money, it rotates very quickly. gold was created for savings so turnover of gold is very little and slow. that's why bitcoin is currently unstable, because the turnover of bitcoin every time is very fast and high
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years.
Gold is a safe haven commodity but it has also downtrend to $1968 right now. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong.
This is the betterment early investors of very potentials investment always enjoy and it never too late for us all to invest in Gold before it too late.Bitcoin can lose 500$ within one night. Gold can't. Why that?
Bitcoin is volatility in nature and the level of demand and supply in the market are what determines its price. Gold in the other hand is a government supported and well adopted precious metal around the whole world. However, there is a limited gold mining factory these days, and I also read that there is 30% of the gold left to mine around the world. I believe these are what trigger the surge in the price of gold lately.
Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.
Bitcoin instability when it come to it price shouldn't be compare to stable currency or stable coins. Gold itself isn't stable but less volatile if compare to Bitcoin. Also, remember that, Gold has been in existence compared to Bitcoin which came into existence just some few years ago, so, why comparing the two?. Believe me, Bitcoin will definitely be less volatile if it exist as much as gold. Gold, Silver, Diamond and Oil aren't stable but less volatile compare to Bitcoin and they have been in existence from ages.
Gold established It's value way back being classified as precious metals the existence already being embraced all over the world,
there's no place that won't recognize gold.
While with bitcoin, we can say that it's not that much who understand this system, value depends from how traders and investors
make their moves.
In terms of existence, let time to decide what future will be for bitcoin and how big it will turned after being adopted by more end users
around the world.
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?
Availability of Gold is vast compared to the availability of bitcoin and also Gold earned the trust because it has been used as form of currency and assets for centuries but bitcoin was just created a decade ago so it is not dispersed as Gold so people who got more of the bitcoins can easily trigger the price manipulation. Bitcoin can lose 500$ within one night. Gold can't. Why that?
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