Topic: Why the price of Bitcoin change more than traditional currencies? - page 11. (Read 15605 times)
October 03, 2016, 12:45:24 PM
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
October 03, 2016, 12:38:35 PM
because all of the traditional currencies are already distributed to every user of it and the demand and supply of that currencies are constant, while bitcoin is in early stage and with the increase in demand(adoption) the price increase higher.
Agree with you. The price of bitcoin is not stable because it not reached to every person and with the passage of time people are coming and adopting it so whenever we see some adoption the price increase much higher and when everyone will have their own coins then that will be the time of stability. 
October 03, 2016, 11:36:16 AM
Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.
News/Rumours has really a little effect on price. What really moves the price of bitcoin is demand. On How the Buyers and Sellers react to it. For example there are more sellers in the market than buyers than the price if bitcoin will go down. And Vice versa if the buyers dominate price market. It is just that there are many sellers today than buyers that is why its on a low price.Demand is impacted by news. When Bitfinex was hacked, people lost appetite for buying bitcoins.
This resulted in an immediate drop in price.
October 03, 2016, 08:32:36 AM
Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.
News/Rumours has really a little effect on price. What really moves the price of bitcoin is demand. On How the Buyers and Sellers react to it. For example there are more sellers in the market than buyers than the price if bitcoin will go down. And Vice versa if the buyers dominate price market. It is just that there are many sellers today than buyers that is why its on a low price. 
October 03, 2016, 08:27:18 AM
The government also need to control on how much money they print as the more you pront the lesser the value you will get. The Supply and Demand concept is still in place. The only different is is that BTC has a finite limit where our Fiat money has not. So that's why BTC prices are more volatile than real money
But, you have to know that when the supply becomes limited then a at some stage the price become stable and it start to run in a uniform rise because of the increasing demand with the day and when a stage come when the demand and supply becomes constant to each other then stability occurs. October 02, 2016, 02:58:07 PM
Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.
October 02, 2016, 02:46:18 PM
Bitcoin's price is changing more than traditional currencies yes and it is normal because it is not one country 's currency and market of bitcoin is not enough , if bitcoin users grow and bitcoin market can be strong , bitcoin price will be stable then bitcoin price will not chage so fast.
October 02, 2016, 02:05:25 PM
traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it
I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currenciesI agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.
October 02, 2016, 01:49:32 PM
I noticed that the price of Bitcoin change much like all altcoins.
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?
Because there are much less bitcoins than other currencies, mean each large bitcoin sell can change price ( other people will see that price crash so they will sell bitcoins too)
October 02, 2016, 01:27:04 PM
traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it
I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currenciesI agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.
October 02, 2016, 01:22:13 PM
It is not stable. Unlike the usual currencies which the government has the control. Plus it usually depends on the people that uses the bitcoin. If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market. But if many will sell their bitcoins and floats on the market then its price would go down. It is usually dependent on the people that uses it. It depends on the demand.
Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers.
October 02, 2016, 12:32:48 PM
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.
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.
October 02, 2016, 03:11:24 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.
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 02, 2016, 02:58:43 AM
traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it
I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currenciesI agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.
October 02, 2016, 01:15:57 AM
All bitcoin together just have about 10 billion dollars of worth.
When you look at the stock market you can find businesses that are worth at about the same amount.
Small incidents trigger a bigger reaction in their stock price than they do with a larger business.
Besides, traditional fiat are partly backed up by gold, with bitcoins there is just the community.
When you look at the stock market you can find businesses that are worth at about the same amount.
Small incidents trigger a bigger reaction in their stock price than they do with a larger business.
Besides, traditional fiat are partly backed up by gold, with bitcoins there is just the community.
October 01, 2016, 06:46:57 PM
The price of Bitcoin change more than traditional currencies because it's digital currency working only online, and depend in the market so the price is not stable.
but we can believe that a time will come when bitcoin will be widely used not only on digital market but also in our offline market and then we can expect that the price will get stability.
October 01, 2016, 03:14:01 PM
traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it
I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currenciesI agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.
October 01, 2016, 02:04:23 PM
The price of Bitcoin change more than traditional currencies because it's digital currency working only online, and depend in the market so the price is not stable.
but we can believe that a time will come when bitcoin will be widely used not only on digital market but also in our offline market and then we can expect that the price will get stability.
October 01, 2016, 01:47:38 PM
It is not stable. Unlike the usual currencies which the government has the control. Plus it usually depends on the people that uses the bitcoin. If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market. But if many will sell their bitcoins and floats on the market then its price would go down. It is usually dependent on the people that uses it. It depends on the demand.
Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers.The bitcoin is not a univesal currency now. But it has much more users than before. I think the user number will also increase.
September 19, 2016, 02:57:52 AM
It is not stable. Unlike the usual currencies which the government has the control. Plus it usually depends on the people that uses the bitcoin. If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market. But if many will sell their bitcoins and floats on the market then its price would go down. It is usually dependent on the people that uses it. It depends on the demand.
Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers. Jump to: