Why the price of Bitcoin change more than traditional currencies? - page 13.

marketone

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Quote from: dandroid on August 25, 2016, 03:35:18 PM

I think it's problem with liquidity, distribution and trading volume. When the currency gain more acceptance by people and merchants,
the problem will certainly decrease.

Yes this is true. But if merchants accept it as a form of payment then this will attract more of them to see it as viable solution to their problems of trying to garner customers to buy from them with the funds that they have available.

dandroid

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I think it's problem with liquidity, distribution and trading volume. When the currency gain more acceptance by people and merchants,
the problem will certainly decrease.

marketone

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The reason is there is no back up for it like fiat money has in gold and oil. That is what I have come to believe in my quest into the bitcoin world.

n691309

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Quote from: Woshib on June 22, 2016, 05:34:35 AM

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?

Bitcoin price changes very often because there are less supply if we compare with the traditional currencies like USD,CHF and more and more people that use fiat money the more stable it is and of course someone in the head of the money regulate the price and don't let it drop often, bitcoin is new and the number of people is not a lot but this is keeping increasing.

danherbias07

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Quote from: Woshib on June 22, 2016, 05:34:35 AM

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?

Government dont control bitcoin price. We are the one responsible for thay. The holders , the buyers, the sellers and users. Se can create a fluctuation but due to high price of bitcoin you wont feel it much if it is you only. Bitcoin is limited that is why they put a great value in it.

hero1111

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Bitcoin system didnt expect in the strict sense in most countries because of the price is changing so much more than traditional currencies and it is still officially unrecognized currency because of peopele dont trust like traditional currencies , i think it can be reason .

randy8777

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Quote from: xuan87 on August 25, 2016, 08:44:20 AM

bitcoin and other crypto currency is decentralized, its mean that nobody can control the value, the one that control the value of bitcoin is the user, bitcoin is depending of demand and supply from the user, that is the reason the bitcoin price is change more than usual fiat, because in usual fiat the government has the way to keep it steady, because if the fiat is unstable then the country economic will be affected

traders/whales are the one controlling the price. the decentralization aspect doesn't matter in this case. anyone can buy up the price with enough liquidity as anyone can freely purchase bitcoins through exchanges and other services.

Kolder

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Quote from: Harlot on August 25, 2016, 03:19:17 AM

Quote from: Doamader on August 07, 2016, 01:06:50 PM

The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.

Government can't also control Fiat money. Example when they produce more Fiat money the value of that money will be less, thinking because they printed more money does not mean more purchasing power. Avery different approach of btc in were btc can be generated at the same time the value increase.

I think he have some point there about fiat. the government or the world bank limit the amount of fiat money that circulate in the world. that's why money have a serial number to easily track the volume of fiat that can produce. It is in the law. Unlike Bitcoin, there is no law regarding the limitation of volume of btc that can be mined. as long as you have a miner. you solve a block what ever you want..but for me, the important factor that caused the volatility of the price of bitcoin is the fast trade features of crypto unlike fiat.

xuan87

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bitcoin and other crypto currency is decentralized, its mean that nobody can control the value, the one that control the value of bitcoin is the user, bitcoin is depending of demand and supply from the user, that is the reason the bitcoin price is change more than usual fiat, because in usual fiat the government has the way to keep it steady, because if the fiat is unstable then the country economic will be affected

Harlot

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Quote from: Doamader on August 07, 2016, 01:06:50 PM

The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.

Government can't also control Fiat money. Example when they produce more Fiat money the value of that money will be less, thinking because they printed more money does not mean more purchasing power. Avery different approach of btc in were btc can be generated at the same time the value increase.

bryant.coleman

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It is true that Bitcoin is more volatile, when compared to the major currencies such as the United States Dollar, Euro, Japanese Yen, British Pound, Australian Dollar, Canadian Dollar, and the Swiss Franc. But at the same time, there are currencies which are even more volatile than Bitcoin. One example is that of the Azerbaijani manat. A few weeks back, it lost almost 40% of its value against the USD in a single day.

crairezx20

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Quote from: 0day on August 24, 2016, 01:46:16 PM

Quote from: Doamader on August 07, 2016, 01:06:50 PM

The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.

But according to my views the price of bitcoin fluctuate more than other traditional currencies because other currencies has sufficient users, while bitcoin do not have sufficient users and each time the number of its users increases the value of bitcoin increases higher and when the number of its users decreases the value of it also decreases.

I think i dont agree that if the users are increase the price or value of bitcoin is also increase for me its not its always depends in demand and supply
If the price of bitcoin right now is high expect that the price of bitcoin will drop in few days.. just always think that the price of bitcoin is always depends in demand and supply.

0day

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Quote from: Doamader on August 07, 2016, 01:06:50 PM

The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.

But according to my views the price of bitcoin fluctuate more than other traditional currencies because other currencies has sufficient users, while bitcoin do not have sufficient users and each time the number of its users increases the value of bitcoin increases higher and when the number of its users decreases the value of it also decreases.

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Quote from: dumada on August 11, 2016, 05:05:27 AM

Quote from: Schuyler on August 08, 2016, 04:27:23 AM

Quote from: Xenoblate on August 08, 2016, 03:23:03 AM

Quote from: dumada on August 08, 2016, 02:36:42 AM

Quote from: freundes on August 07, 2016, 01:29:35 PM

Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

When the market cap of the bitcoin is larger and used by more people, it will behave similarly to other currencies.

Market cap isn't that big yet so it is prone to being controlled by the big whales. Compared to fiat which is more stable, bitcoin can fluctuate in a matter of days, even hours. One terrible news and we could see a 10 or 20% drop in just a day. Until such time that bitcoin reaches a level of maturity, we can expect it to be volatile until then.

When the bitcoin price is over several trillion dollars, the price of bitcoin will not be easily controlled by very few people.

At that time, there could be 1 billion active bitcoin users. So the distribution of the bitcoin could be quite evenly.

dumada

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Quote from: Schuyler on August 08, 2016, 04:27:23 AM

Quote from: Xenoblate on August 08, 2016, 03:23:03 AM

Quote from: dumada on August 08, 2016, 02:36:42 AM

Quote from: freundes on August 07, 2016, 01:29:35 PM

Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

When the market cap of the bitcoin is larger and used by more people, it will behave similarly to other currencies.

Market cap isn't that big yet so it is prone to being controlled by the big whales. Compared to fiat which is more stable, bitcoin can fluctuate in a matter of days, even hours. One terrible news and we could see a 10 or 20% drop in just a day. Until such time that bitcoin reaches a level of maturity, we can expect it to be volatile until then.

When the bitcoin price is over several trillion dollars, the price of bitcoin will not be easily controlled by very few people.

Schuyler

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Quote from: Xenoblate on August 08, 2016, 03:23:03 AM

Quote from: dumada on August 08, 2016, 02:36:42 AM

Quote from: freundes on August 07, 2016, 01:29:35 PM

Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

When the market cap of the bitcoin is larger and used by more people, it will behave similarly to other currencies.

Market cap isn't that big yet so it is prone to being controlled by the big whales. Compared to fiat which is more stable, bitcoin can fluctuate in a matter of days, even hours. One terrible news and we could see a 10 or 20% drop in just a day. Until such time that bitcoin reaches a level of maturity, we can expect it to be volatile until then.

Xenoblate

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Quote from: dumada on August 08, 2016, 02:36:42 AM

Quote from: freundes on August 07, 2016, 01:29:35 PM

Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

When the market cap of the bitcoin is larger and used by more people, it will behave similarly to other currencies.

dumada

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Quote from: freundes on August 07, 2016, 01:29:35 PM

Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

freundes

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Quote from: jak3 on August 07, 2016, 11:27:12 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 currencies

Doamader

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The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.

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