I think a more appropriate question would be why is bitcoins price not fluctuating so much that would be more weird in the grand scheme of things. When that happens there is definitely something about to blow but as we have seen since the new year a lot of alts have taken some of the dominance away from btc and for btc to get that back we will definitely see a lot of volatility and fluctuation in price as people cash in and out.
When you have something that has multi billion dollars of daily trade volume there will definitely be some uncertainties. Also as the price gets higher the $100 changes equate to much lesser percentage changes so price will go up and down more and more as the price for one whole bitcoin increases.
Topic: Why is BTC fluctuating SO MUCH? - page 4. (Read 562 times)
As you can see bitcoin is something new to people. All new things like companies and brands go through this stage until they become established in the minds of people.
Because Merlin the happy pig wants it that way.
Price of any currency is determined by flow of demand and supply of any currency. Bitcoin is a decentralised cryptocurrency, it works on peer to peer exchange system. Bitcoin`s supply is restricted to 21million numbers, but its demand is ever growing, this imbalance demand and supply is pushing bitcoin`s price. Addition to that external factors like ban by many countries or regulations by countries are making bitcoin`s investors panic time to time. They are selling and buying bitcoin currency in panic. This is also a reason bitcoin is so fluctuating.
It's a rollercoaster??? Supply and demand. The price is very fickle because people are. People panic sell and buy whenever there is bad or good news. Both these things impact the value of bitcoin drastically. I would look at bitcoin as somewhere in between gold and stocks and shares because whilst it is a currency at heart it's also a limited asset like gold and that's why Bitcoin is probably always going to be seen as speculative asset or at least for the near future so you're really going to have to get used to the price swings and if this is something you can't handle I don't think bitcoin is right for you. However, if it wasn't for the price swings and people speculating on it you wouldn't be able to make any money of profit on it.
It's a rollercoaster??? Because its decentralized, There's no way to control it. Fluctuating is depending on us. When we start buying bitcoin it value and demand increase which effect on bitcoin price. When we selling it, the demand decrease which cause bitcoin price to decrease also. Fluctuating is just a part of bitcoin's life and most of the time News make the price up and down of bitcoins.
That's right. That's part of the crypto game. And that's why cryptocurrency investments are really very risky. You need to be on top of the game and never regret your decisions, else, you will lose your mind thinking of why you didn't sell or buy at that point, or why you didn't follow your instincts...
every cryptocurrency has the rise and fall. Bitcoin is no exception.
It's a rollercoaster??? Because its decentralized, There's no way to control it. Fluctuating is depending on us. When we start buying bitcoin it value and demand increase which effect on bitcoin price. When we selling it, the demand decrease which cause bitcoin price to decrease also. Fluctuating is just a part of bitcoin's life and most of the time News make the price up and down of bitcoins.
It's a rollercoaster??? Why? Because waves is main basic characteristic of bitcoin. Sometime big waves and sometime small.
It is just because of the buyer and seller power.
Bitcoin is fluctuating so much because there is doubt to stay bitcoin or not at this level. more over investor want to cash profit at this level. but Bitcoin will rise continuously.
It's a rollercoaster??? Yes, Bitcoin is a rollercoaster ride and it is either you are enjoying the ride experience or you get traumatic because of it. This is the reason Bitcoin is not for everybody especially those people who are prone to panic and have weak hands who can only see the NOW and not the short-term future. There is no doubt that Bitcoin will be growing by leaps and bounds but the path to growth is always littered with humps and bumps. This has been already one of the important features of Bitcoin -- in just minutes the volatility can strike and any gains can vanish into this air just like magic but it has also its outstanding capacity to resurrect itself and surge again -- and again. Though this can be a big nightmare for merchants -- in fact one big merchant recently said goodbye to Bitcoin due to this issue -- the same thing can be heavenly to traders who are already knowledgeable on how Bitcoin works.
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It's a rollercoaster??? There's a lot of apparent uncertainty surrounding the coin. People don't know if they trust it or not because those who are scared about the smallest of drops are freaking out the price and other investors. It's essentially a cycle until the next large boom hits. Once that comes around, people start buying again and the price starts going up once again. Then, we'll see another correction and the media surrounds bitcoin with negative news. It's a continuous cycle that bitcoin is "trapped" in, as far as I can tell.
It's a rollercoaster??? Jump to: