Topic: Why the price of Bitcoin change more than traditional currencies? - page 10. (Read 15533 times)
November 23, 2016, 05:01:38 AM
There are certain fiat currencies, which are even more volatile than the Bitcoin. For example, two years ago the Ukrainian Hryvnia got devalued by 200% in a single day. Also, after the Brexit, the UKP lost almost 10% of its value in a few hours.
November 23, 2016, 04:42:32 AM
Because Bitcoins and other altcoins are very vulnerable to price manipulation by big time traders due to its decentralized nature unlike fiat currencies which are being monitored and controlled by central banks.
I agree. Bitcoin depends on many factors and more vulnerable. But the price also depends on the popularity. Centralized currency of this does not become more expensive
November 23, 2016, 04:10:12 AM
See, fiat currency is controlled by government and whenever there is inflation in fiat price, immediately government changes its policies to make fiat price increase and remain stable.But in bitcoin, there is no such regulatory body and thats why it is said that bitcoin is owned by the community
The main reason for the price volatility of the bitcoin is that it is too cheap, it can be easily maniuplated.
Because no body owns bitcoins, No one can ever dictate if how much it could be. That's why if the government takes place on bitcoins, you think the price of bitcoins will be stable? as i observe, if the price of USD increase, The price of Bitcoins also increase. If the price of bitcoins become stable, maybe only few people got an interest with bitcoins. But why is it the exchange rate of dollar was also changing?
November 23, 2016, 02:05:04 AM
Because Bitcoins and other altcoins are very vulnerable to price manipulation by big time traders due to its decentralized nature unlike fiat currencies which are being monitored and controlled by central banks.
November 23, 2016, 01:41:33 AM
It changes because it is universally use, unlike in other currencies where it is controlled by a certain countries and depend on the economy of a certain country. Bitcoin is simply played by supply and demand.
November 22, 2016, 10:38:56 AM
Good question. It is because of the limited amount of it. Just like gold and other precious items. You see when something is rare it becomes more valuable.
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November 22, 2016, 09:52:16 AM
this is because many people using bitcoin and they come from many country and places so this can make any fluctuation for the price. beside that, the price of bitcoin is following the fiat rate and this is why the price is change in every day. and beside that the market itself is really give contribution for the changing of the price of bitcoin.
That might be due to the fact that the bitcoin is not a major currency yet. The usage is rare and it is just for speculation.
but if bitcoin is stand alone and not depending from fiat, maybe bitcoin will not be like this, and the price will not very often to go up and down and i think in the future, bitcoin is ready to get the stable price like fiat.
November 22, 2016, 07:47:24 AM
even fiat's rate always changing so does with bitcoin. keep in mind, those fiat are owned by a country and the country will do anythingpossible to keep their currencies rate high to prevent crisis,different with bitcoin which had not made by government and pure demand by the market
That is true, while fiat has ascope on that specific country bitcoin is a different case. There is no country owning the bitcoin and it can be transacated around the world.By this, it is possible for bitcoin to frequently fluctuate as no one controls it but the market movement and some news affecting it.Bitcoin has a worldwide scope where any speculation from any country who are signiicant bitcoin shares can affect the market.
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November 22, 2016, 07:14:30 AM
this is because many people using bitcoin and they come from many country and places so this can make any fluctuation for the price. beside that, the price of bitcoin is following the fiat rate and this is why the price is change in every day. and beside that the market itself is really give contribution for the changing of the price of bitcoin.
That might be due to the fact that the bitcoin is not a major currency yet. The usage is rare and it is just for speculation.
November 22, 2016, 04:25:31 AM
this is because many people using bitcoin and they come from many country and places so this can make any fluctuation for the price. beside that, the price of bitcoin is following the fiat rate and this is why the price is change in every day. and beside that the market itself is really give contribution for the changing of the price of bitcoin.
That might be due to the fact that the bitcoin is not a major currency yet. The usage is rare and it is just for speculation.
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October 31, 2016, 10:44:14 PM
this is because many people using bitcoin and they come from many country and places so this can make any fluctuation for the price. beside that, the price of bitcoin is following the fiat rate and this is why the price is change in every day. and beside that the market itself is really give contribution for the changing of the price of bitcoin.
October 31, 2016, 09:25:16 PM
Even though bitcoin is a currency, it's very different from the traditional currencies. You don't hear people saying, "Oh wow, EUR is low today. I guess I would invest in this currency in hopes that I would get profit."
The main difference of bitcoin to the traditional currency that makes the price of bitcoin move more is the fact that people actually invest a lot of money in this currency. By design and because of experience, they know that the price of bitcoin will increase in the future.
The main difference of bitcoin to the traditional currency that makes the price of bitcoin move more is the fact that people actually invest a lot of money in this currency. By design and because of experience, they know that the price of bitcoin will increase in the future.
October 30, 2016, 05:55:53 AM
I think the price of bitcoin changes more frequently than the traditional currencies because it is used globally. People are selling and there are people buying. We don't know when will there be another bitcoin investor that will pump the market, we also don't know when's the next major exchange website hack. Bitcoin still in the early stages for it to have a stable price. This is just the beginning, more and more people will find out about bitcoin and start using it. Thus, making the price of bitcoin grow even more.
that's for sure. Price Bitcoin increases depending on its popularity. No one can predict how many people will buy Bitcoin tomorrow. Another factor that affects the price of Bitcoin - a difficulty of its production, which is also growing
October 29, 2016, 10:44:11 AM
I think the price of bitcoin changes more frequently than the traditional currencies because it is used globally. People are selling and there are people buying. We don't know when will there be another bitcoin investor that will pump the market, we also don't know when's the next major exchange website hack. Bitcoin still in the early stages for it to have a stable price. This is just the beginning, more and more people will find out about bitcoin and start using it. Thus, making the price of bitcoin grow even more.
October 29, 2016, 08:35:16 AM
Maybe cause traditional currencies are very old, they have big markets, banks, government and private sector are using it. In last 15 years we saw some econ crisis, so traditional currencies are also vulnerable. They also don't worry about demand, everyone is asking constantly for more, that's why they are printing more money each year.
Bitcoin depends from demand, and demand for bitcoins is changing. Also we need to consider how many people in this world are using traditional currencies and how many people use bitcoins.
But printing more money is not going to help the economy of a country and that is just going to make their currency very low valued money. And with bitcoins, because of its demand and limitation it is making itself to increase more and change it price daily accordingly. And when someone bought volume of bitcoins that is going to have big affect in bitcoin economy. Bitcoin depends from demand, and demand for bitcoins is changing. Also we need to consider how many people in this world are using traditional currencies and how many people use bitcoins.
October 28, 2016, 07:03:36 AM
not really. bicoin the price up and down because of many factors such as investors and others. why the price of currencies such as the euro / usd price is not changed not because the government
The volatility of the bitcoin price is mainly due to the low market cap. It can be easily manipulated very rich people.
That is right. When the market cap of the bitcoin is around one trillion US dollars, the price will be more stable.
October 23, 2016, 05:40:17 AM
not really. bicoin the price up and down because of many factors such as investors and others. why the price of currencies such as the euro / usd price is not changed not because the government
The volatility of the bitcoin price is mainly due to the low market cap. It can be easily manipulated very rich people.
October 16, 2016, 11:22:26 AM
not really. bicoin the price up and down because of many factors such as investors and others. why the price of currencies such as the euro / usd price is not changed not because the government
October 16, 2016, 07:40:25 AM
See, fiat currency is controlled by government and whenever there is inflation in fiat price, immediately government changes its policies to make fiat price increase and remain stable.But in bitcoin, there is no such regulatory body and thats why it is said that bitcoin is owned by the community
The main reason for the price volatility of the bitcoin is that it is too cheap, it can be easily maniuplated.
October 16, 2016, 04:44:01 AM
See, fiat currency is controlled by government and whenever there is inflation in fiat price, immediately government changes its policies to make fiat price increase and remain stable.But in bitcoin, there is no such regulatory body and thats why it is said that bitcoin is owned by the community
The main reason for the price volatility of the bitcoin is that it is too cheap, it can be easily maniuplated.
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