Why Is Bitcoin's Value So Volatile? - page 30.

yndye

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Because even if it has been existing for a while now, still there are so many people who doesn't know about it and then when they discover it, they will buy and then later when they profit, they will sell not holding it for long. The news and recent happenings about bitcoin will affect its price causing it to become volatile. Sometimes there are "whales" who will buy and pump it up so at the time they sell, they will make the price go down because of the large volume they hold.

joromz1226

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Quote from: rortan75 on August 06, 2017, 07:08:21 AM

Quote from: Palmerson on August 06, 2017, 05:52:23 AM

Bitcoin is and always will be very volatile, but this does not mean having to give up his purchase. If you look at the chart of growth rates you will see that every year the price of bitcoin is increasing. This trend will persist for a very long time so you can buy it at any time.

so i should buy bitcoin at this point or when the value reduce.

Right, and it will always be volatile, And I think for me it is the heart of trading industry where every traders are happy unto it.
And about the question if must buy bitcoin, yes take the chance to buy it now, if you can buy a huge of it do it and then hold in a long term,
until it reach the peak price value.

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Being volatile is what makes it seem like we’re making much profit from it, and indeed we are. So being volatile is a good, as long as the price keeps going up and up and not down. But know this, you don’t need have exactly one Bitcoin before you can make something out of it. No matter the price, you can still purchase an amount that is not up to one BTC, and watch it rise, while you make profit. I believe one day you will be able to buy more than 1 BTC.

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Maybe it can also be attributed to decentralized nature of bitcoin. Unlike in fiat, bitcoin does not have any central government that can control or pad the price so that it will not swing wildly. The price of bitcoin moves exactly how the market reacts to news or price manipulation by some whales. I think volatility is here to stay.

Bagaji

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Bitcoin volatility could be attributed to small numbers of Bitcoin holder as compared to other fait currency or gold which has a very larg number of holders and at the same time has been in existence for decades. But that should not be your reason for you not to invest in bitcoin or crypto currency in general.

Apened

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Because that was the nature of bitcoins and its volatility is the reason why bitcoins price is still going . If you are confused to buy bitcoins think when you will be not ? everytime your mind will think it was a high price but when bitcoins price goes $3400-$3500 you will be confused again and say it was too high .

leonair

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

My only answer to this is because Bitcoin is in demand right now and nothing we can do if something is in demand but the price will go higher. More investors is going with Bitcoin and most of them are big valued people and it is affecting the price of it.

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Quote from: Mahanton on August 07, 2017, 06:44:49 AM

Price do really moves anytime on bitcoin because there are sellers and there are buyers and when theres a lot of demand on this coin then expect for the price to rise up even more because the higher the demand the higher the value of it. Volatility of price is the thing why most investors and traders do really like on it. They can able to make money on it when the price moves. If you are a trader you will surely know what i mean.

That's true. It is volatile in the sense that the demands are getting quicker and this makes the world of bitcoin go round. Investors also good at trading because they have the guts and resources. Moreover, they become more successful because of the benefits coming from btc.

Mahanton

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Price do really moves anytime on bitcoin because there are sellers and there are buyers and when theres a lot of demand on this coin then expect for the price to rise up even more because the higher the demand the higher the value of it. Volatility of price is the thing why most investors and traders do really like on it. They can able to make money on it when the price moves. If you are a trader you will surely know what i mean.

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Quote from: Dudeperfect on August 06, 2017, 10:28:17 AM

If you are taking about recent price volatility, it was the effect of Bitcoin fork and split which was carried out recently. Bitcoin holders were trading Bitcoin with Bitcoin cash and thus the price of Bitcoin cash was around $600 and there was a dip in the price of main Bitcoin. However, now the situation is changed and again Bitcoin price is rising. Still, there will be volatility in the price of Bitcoin for various reasons and the main one is the increase in scale and demand/supply relationship. I have my investment in Bitcoin for the long term and thus it really doesn't matter for the things happening which will have an impact for the short term.

And future more until segwit has fully initialized a lot of prices would go up. Probably service fees and others. Because from what i saw, campaigns have lowered there prices because of the high transaction fee. So probably once the segwit is fully implemented and transaction fees would go lower. Many services could will appear. Especially for those guys could now get there money on some exchange sites or transfer it there without high fees.

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

All the commodities which are having huge demand must be having more volatility. I like to suggest you to go buying bitcoins as bitcoin will be having very bright future and it will have value in millions in coming years.

So, you do not need to hesitate to invest into bitcoin and this must be the right time to buy bitcoin for cheaper prices. Act today and avoid regrets.

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The value is high comparing to what we are used to deal with. And yet maybe bitcoin will show us even greater values in the future and those who didn't buy btc now would regret it. Whether the value is volatile is also a question. Bitcoin's value is not somehow randomly set. It directly depends on the demand. People get obsessed with new btc with fast and cheap transactions. buy it a lot more than they used to do it and, as a result, we have the value.

DrGuns4Hands

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ofcourse why would you buy bitcoin when the price is too high. you must wait first till the bitcoin price have its big dump before buying in order to get a high return. doing trading is not that simple because you must 24 hrs awake or 20 hrs awake and be updated on the price of bitcoin some prices of bitcoin change when the time on our country is 2 am in the morning and that's not a good thing because i can't capture or sell my bitcoin on that time.

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

It is worth its value after a difficult development process. After nearly 7-8 years of development, Bitcoin has grown steadily, since its price was just enough to buy a hamburger until the present is too large. Therefore, owning some BTC is out of reach. You should learn to accept this

Dudeperfect

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If you are taking about recent price volatility, it was the effect of Bitcoin fork and split which was carried out recently. Bitcoin holders were trading Bitcoin with Bitcoin cash and thus the price of Bitcoin cash was around $600 and there was a dip in the price of main Bitcoin. However, now the situation is changed and again Bitcoin price is rising. Still, there will be volatility in the price of Bitcoin for various reasons and the main one is the increase in scale and demand/supply relationship. I have my investment in Bitcoin for the long term and thus it really doesn't matter for the things happening which will have an impact for the short term.

In the silence

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Its natural to bitcoin, Too much variance in perceptions of Bitcoin's store of value and method of value. More adoption more volatility.

iamTom123

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I am not really an economic expert but one of the main factors for its volatility is the fact that it is heavily influenced by speculations. Most of the people who bought Bitcoin are expecting that the value would really rise so they can have some return for their investment. Now, coupled that with the fact that Bitcoin has not yet entered the mainstream arena which it means it can easily be swayed by whales. By the time that it would be mainstream there is a tendency for its value to experience many stable plateaus and by then the rate of volatility might go down.

Anyway, volatility can be a trader's friend and I know that there are even programs taking advantage of this making big profits as a result. The next question is: is volatility bad or good for Bitcoin?

BillyBobZorton

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Because the marketcap is tiny, and bitcoin is a global market that's opened 24/7 and it's not regulated. You need to see the positives in this, mainly, the fact that bitcoin is so small that it has a lot of upwards potential. If you look at the marketcap, you'll see that even if bitcoin reached $10,000, it would still be nothing compared to the marketcap of Apple for example, and BTC has potential to surpass all companies in the world easily.

Once we have lightning network and BTC payments take over the entire planet, $100,000 is extremely realistic.

dihari

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Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

Because if doesn't have an extreme volatility, it's not bitcoin Cheesy

Well, almost 90% of the bitcoin price movements everyday are caused by the holders speculation and most of the holders is taking profit from this price gap.

rortan75

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Quote from: skorupi17 on August 06, 2017, 08:58:16 AM

Quote from: rortan75 on August 06, 2017, 05:45:39 AM

Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.

The volatility is a result of Bitcoin being decentralized. And since Bitcoin is decentralize, the only thing that dictates the price is the demand for Bitcoin with respect to the total supply of BTC available in the market. The law of demand and supply should suffice for the explanation but I'll try to make it easier. The price varies depending on the supply and demand and since we cannot control the demand for bitcoin, as well as its supply, then if a person bought some Bitcoins then we will see a price change, that is also when someone sells his/her coins to an exchange.

The demand and supply is uncontrollable which then results to volatility.

so it's not anyone control.should i buy the bitcoin at current value. will it will benefit me if i sell it after few months.will it value increase more?

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