Why the price of Bitcoin change more than traditional currencies? - page 15.

dumada

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Quote from: davis196 on August 02, 2016, 01:59:32 AM

Quote from: Woshib on June 22, 2016, 06:34:35 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?

Not government,central banks control the prices with money supply.

Bitcoin supply is more limited and the bitcoin price depends only from the demand of btc.

That`s why the bitcoin price is more volatile.

The bitcoin is still in the early stage development. The market cap is too low and easy to manipulate.

davis196

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Quote from: Woshib on June 22, 2016, 06:34:35 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?

Not government,central banks control the prices with money supply.

Bitcoin supply is more limited and the bitcoin price depends only from the demand of btc.

That`s why the bitcoin price is more volatile.

Tanic

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Yes prices for traditional currencies are more fixed then bitcoin price, cause of the governments control the price of their currencies, and that price depends from many factors inside the country. And bitcoin is controlled by nobody.

Harlot

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Quote from: 155UE on July 26, 2016, 09:35:43 AM

Quote from: Harlot on July 26, 2016, 12:17:08 AM

Well its all about the Demand and Availability. As BTC has users/ wallets around the world. It says that many people accept Bitcoin as the way to pay and earn. Also it acts as an international currency as it is widely accepted by everyone.

It also makes it a hell of a lot easier to send money back home if your country does not accept money transfers from your bank. I know several people that have complained of high amount of charges if those transfers do go thru. Angry

Yes also all the added features of BTC make the price of it goes up. Not only is it free oc charge to transfer BTC you can also mine/earn from it. That's one of the factors why BTC's price goes up.

dumada

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Quote from: ajun96 on July 31, 2016, 07:34:39 PM

Quote from: dumada on July 27, 2016, 07:41:39 AM

The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

I think as long as bitcoin have a little users then the price will still have high fluctuations. unless the user bitcoin already spans the globe. probably will not happen panic selling and buying when it has many users right ? and prices will not be manipulated when the user covers the whole world

That is right. When the bitcoin has fewer user, the price is lower and the market cap is lower, easier to influence the price.

ajun96

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Quote from: dumada on July 27, 2016, 07:41:39 AM

The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

I think as long as bitcoin have a little users then the price will still have high fluctuations. unless the user bitcoin already spans the globe. probably will not happen panic selling and buying when it has many users right ? and prices will not be manipulated when the user covers the whole world

serjent05

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I don't thing that only bitcoin change that much than traditional currency, If you obsereve, there are lots of ups and downs of each currency everyday, the same with bitcoin. it is only noticeable in bitcoin because of the range of changes, but I think this past week, bitcoin had been stable in range 630usd - 670 usd. Another reason is that traditional currencies value had been established unlike bitcoin.

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Quote from: pearnapple on July 27, 2016, 09:06:23 AM

Quote from: dumada on July 27, 2016, 07:41:39 AM

The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

you mean 1 trillion dollars per bitcoin? i think it is pretty much impossible as the bitcoin price is going to go at 3 million dollars only if it replaces all the money

I think that would make a fluctuation into a stop or disappear not because prices become so high that the stable will be lost.
as in the past few years. although the price is high at around $ 1,200 but fluctuations still occur at that time dude

facepalm

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Quote from: dumada on July 29, 2016, 06:29:45 AM

Quote from: blackmachinegun on July 29, 2016, 12:30:46 AM

Quote from: patricken on July 28, 2016, 12:15:37 PM

In the last few weeks, the bitcoin price is quite stable. I think it is almost as good as the British Pounds.

I think every user has disagreements to the fluctuations and stable price. me maybe I prefer a stable price compared to prices fluctuate. but maybe traders would prefer to have the price of a high speed compared to the price stable due to the fluctuations they can benefit

I think the stable price is good for the adoption. If the volatility of the bitcoin is less 2% a week and rise 1% every week, that is ideal.

That would be awesome!
It would bring us a 52% increase in one year.
I think a crypto currency can handle that without going down rapidly in some point later.

entrepmind23

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Price of bitcoin is more volatile than fiat currencies because of the volume of transactions. When many people are buying it then only few sell then the price will be bullish because the absorption of the ones who sell it is not enough driving the price higher and same also when the people are selling it and there's not enough absorption of the people who bought it then the price will be bearish. There is no strong support and resistance established yet so the ones who hold a big volume of bitcoin can make a big impact when they do their transactions whether buy or sell. Whereas with fiat currencies, there is really big volume and one cannot just easily make the price go up or down because he holds a greater volume. There are people who are ready to absorb their transactions or set already their support and resistance making the price stable.

Gahs

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Yeah, the stable price is good for adoption. I guess traders will just have to move to the more volatile altcoins in order to make good profit as things are now.

dumada

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Quote from: blackmachinegun on July 29, 2016, 12:30:46 AM

Quote from: patricken on July 28, 2016, 12:15:37 PM

In the last few weeks, the bitcoin price is quite stable. I think it is almost as good as the British Pounds.

I think every user has disagreements to the fluctuations and stable price. me maybe I prefer a stable price compared to prices fluctuate. but maybe traders would prefer to have the price of a high speed compared to the price stable due to the fluctuations they can benefit

I think the stable price is good for the adoption. If the volatility of the bitcoin is less 2% a week and rise 1% every week, that is ideal.

blackmachinegun

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Quote from: patricken on July 28, 2016, 12:15:37 PM

In the last few weeks, the bitcoin price is quite stable. I think it is almost as good as the British Pounds.

I think every user has disagreements to the fluctuations and stable price. me maybe I prefer a stable price compared to prices fluctuate. but maybe traders would prefer to have the price of a high speed compared to the price stable due to the fluctuations they can benefit

arwin100

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Quote from: pearnapple on July 27, 2016, 09:06:23 AM

Quote from: dumada on July 27, 2016, 07:41:39 AM

The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

you mean 1 trillion dollars per bitcoin? i think it is pretty much impossible as the bitcoin price is going to go at 3 million dollars only if it replaces all the money

Its very impossible to reach at that price and i believe really that bitcoin price will not surpass to 1300$ for now and i think the maximum growth of it will remain their just like what happen in the past since we really have some faint hearted people or whales who could dump their coins if they can earn more money enough for its flactuation.

And i think bitcoin is just like commodity where if many people needs it the price will rise up for more and if people wouldn't likr and dump it and more supply the price will dump

jak3

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i don't actully want to compare the faints but as you need to so government can pribt more and more faint on specific situation to control hos crices as their volum are increasing in a large scale but bitcoin has very less volumn compared to them so it will take much time to became stable

patricken

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In the last few weeks, the bitcoin price is quite stable. I think it is almost as good as the British Pounds.

Cybertron00

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Well price of bitcoin change more than traditional currency because of some reasons. One of the reason for it is that bitcoin is a free market, where the price is determined by how much someone sell and how much someone is willing to buy 1 Bitcoin. other reasons for it is that the selling and buying of many people that happens continuously.

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Quote from: dumada on July 27, 2016, 07:41:39 AM

The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

you mean 1 trillion dollars per bitcoin? i think it is pretty much impossible as the bitcoin price is going to go at 3 million dollars only if it replaces all the money

Wind_FURY

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Quote from: mindrust on June 22, 2016, 07:09:07 AM

There is no depth in the market probably. No walls, no supports. That's why it is being manipulated easily. Simply there isn't enough volume in the market to resist whales with big wallets.

I agree with you. Forex trades in volumes that go over trillions of dollars 24/7, all around the world. Bitcoin trades in volume that is less than some of the top companies' stocks in the US. We are under the impression and illusion that bitcoin is on its way to rule the world. It is not.

dumada

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The bitcoin is still you, its price is very low and easy to be affected. In a few years, when it is $1T, it will be stable.

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