Topic: Why the price of Bitcoin change more than traditional currencies? - page 17. (Read 15533 times)
July 25, 2016, 07:22:01 PM
The countries regulate their currencies, usually they let the currencie loose value soo they can export more, this is a financial tool, used by all countries for a long period. You can see euro/ dollars almost being worht the same, because Europe is facing financial problems, and USA are handling their problems the way they can. Bitcoin has no entity behind it, the entity is each of us, and the big miners and whales.
July 25, 2016, 03:51:05 PM
the answer is simple because of the size of the market and also because bitcoin is still growing as a new technology. it takes time to reach a more stable state and as the number of investors grow there are more buys and sells so the price rise/falls are slowed down.
the answer is simple because of the size of the market and also because bitcoin is still growing as a new technology. it takes time to reach a more stable state and as the number of investors grow there are more buys and sells so the price rise/falls are slowed down.
The market capitalization of the bitcoin is just 10 billion dollars at the moment. When it becomes !0000 billion, it will be more stable.
The cap is not important, what is important is that large to very large holders dissapear.
They got the power to pump and dump bitcoins and so manipulate the price. This is what is crucial if you want bitcoin to be stable.
July 25, 2016, 01:56:24 PM
the answer is simple because of the size of the market and also because bitcoin is still growing as a new technology. it takes time to reach a more stable state and as the number of investors grow there are more buys and sells so the price rise/falls are slowed down.
The market capitalization of the bitcoin is just 10 billion dollars at the moment. When it becomes !0000 billion, it will be more stable.
July 10, 2016, 10:16:24 AM
the answer is simple because of the size of the market and also because bitcoin is still growing as a new technology. it takes time to reach a more stable state and as the number of investors grow there are more buys and sells so the price rise/falls are slowed down.
July 10, 2016, 09:41:11 AM
It's the unregulated plaything of a few thousand scumbags.
It'll take growth of a couple of orders of magnitude before it calms down.
Even then it never will. Gold is huge and not anywhere near stable either.
It'll take growth of a couple of orders of magnitude before it calms down.
Even then it never will. Gold is huge and not anywhere near stable either.
July 10, 2016, 09:24:12 AM
The bitcoin is still very young, just 7 years old. The market cap is also very small, so it is very volatile.
June 30, 2016, 03:16:13 AM
I noticed that the price of Bitcoin change much like all altcoins.
you may find the changes similar in the first look but it actually is a lot different in many aspects. the most obvious one is the percentage of these changes, altcoins usually change with huge swings which can be from 30% in a day to even 1000% in one day and that is because of the second difference which is the size of the market. you can easily change an altcoin price with $100-$500 but the same change with bitcoin will require a huge amount of money and will take a lot longer.
Quote
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?
It is the government that control their prices?
again you can't compare bitcoin with traditional currencies like USD or EURO the same way that you can't compare bitcoin with altcoins.
as mentioned before by others, those traditional currencies have been around for a longer time and they are being used by billions of people everyday so the stability is the result of that and as bitcoin grows it becomes more stable too, you can see this in the charts comparing it with 3+ years ago.
June 30, 2016, 02:50:24 AM
Well thats the nature of bitcoin. It's price are always going up and down. I think it will be stable after halving but for now it will rise and fall like a yo-yo.
I agree with you. For the past years it's price rised then dropped then rise then drop again. IMO it will rise again soon like in any other dump that happened a price rise follows.Well that is how trading goes, and another reason of high volatility of bitcoin is about it's security breaches, everytime there is a news about Bitcoin being hacked, majority of the investors panic sell causing for the price of BTC to plummet. And one of the fact that supported such argument is the OpenSSL vulnerabilities attacked by the Heartbleed bug and reported by Neel Mehta of Google’s security team on April 1, 2014, seem to have had some downward effect on the value of Bitcoin in the ensuing month, with a decrease in value of approximately 10% for the month of April versus the US Dollar. then when it was fixed, BTC started to rise again.
June 23, 2016, 02:32:27 PM
Well thats the nature of bitcoin. It's price are always going up and down. I think it will be stable after halving but for now it will rise and fall like a yo-yo.
I agree with you. For the past years it's price rised then dropped then rise then drop again. IMO it will rise again soon like in any other dump that happened a price rise follows.Well that is how trading goes, and another reason of high volatility of bitcoin is about it's security breaches, everytime there is a news about Bitcoin being hacked, majority of the investors panic sell causing for the price of BTC to plummet. And one of the fact that supported such argument is the OpenSSL vulnerabilities attacked by the Heartbleed bug and reported by Neel Mehta of Google’s security team on April 1, 2014, seem to have had some downward effect on the value of Bitcoin in the ensuing month, with a decrease in value of approximately 10% for the month of April versus the US Dollar. then when it was fixed, BTC started to rise again.
June 23, 2016, 05:51:00 AM
Well thats the nature of bitcoin. It's price are always going up and down. I think it will be stable after halving but for now it will rise and fall like a yo-yo.
June 23, 2016, 04:53:48 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?
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 btcoin is decentralization market, no goverment, no country, no organization can control it.
only "real market" , it's the basic economic low, just supply and demand.
June 23, 2016, 04:42:22 AM
The currency like euros you are talking is different from bitcoins because when their is a low supply of paper money the government can easily make more and would not affect the value of a certain currency unlike bitcoins which is back by real supply and demand.
June 23, 2016, 02:38:20 AM
The market cap of bitcoin is too small, it can be manipulated easily. If the bitcoin is worth $1 trillion, it will be more stable.
That and because it can be easily bought. And also you can buy for for a little price. Unlike gold where you have to buy the whole ring. Here you can buy just a chip from the ring and make it as a whole buying it little by little.
People without much money can afford it.
June 23, 2016, 12:50:06 AM
I think because bitcoin has no central control of its value. it has no central controller like the Fed and it has no effective futures markets.
June 22, 2016, 05:44:35 PM
The market cap of bitcoin is too small, it can be manipulated easily. If the bitcoin is worth $1 trillion, it will be more stable.
exactly, the stability of the bitcoin's price might be achieved by increasing of the market cap. There are several advantages or disadvantages of bitcoin's volatile nature, as an investment bitcoin is the fastest way to earn interest with it's volatile, but it also bad if the price going down,and the price was really unpredictable
June 22, 2016, 04:30:47 PM
Bitcoin and normal currency is completely different, day and night different!
June 22, 2016, 04:23:54 PM
The market cap of bitcoin is too small, it can be manipulated easily. If the bitcoin is worth $1 trillion, it will be more stable.
June 22, 2016, 03:35:36 PM
It is just a matter of fact that it is mostly the large holders/users are to be blamed of the upward and downward motion of the value of bitcoin.
Also, I believe the value is affected by the law of supply and demand, which is kind of disturbing that the highest % of coins belong to chinese/china. Nevertheless, it is all good.
Also, I believe the value is affected by the law of supply and demand, which is kind of disturbing that the highest % of coins belong to chinese/china. Nevertheless, it is all good.
June 22, 2016, 02:26:16 PM
It is mainly because of marketcap of bitcoin or in other word total number of fiat converted into bitcoin. In is so much small compared to other currencies traded on market. And some whales can easily manipulate whole bitcoin market with few millions of fiat in their hand.
This is true about whales, since large holders have little option value. Bitcoin volatility is driven by large proportions of the outstanding float of the currency. for example, if the Bitcoin whale currently holds above $15M worth of BTC, it's not clear how would they liquidate that large amount into fiat. It's either they will dump it or make little trade so the price won't plummet. In this scenario the volatility of BTC depends on the whales of BTC. June 22, 2016, 02:18:52 PM
It is mainly because of marketcap of bitcoin or in other word total number of fiat converted into bitcoin. In is so much small compared to other currencies traded on market. And some whales can easily manipulate whole bitcoin market with few millions of fiat in their hand.
The distribution of the coins are now more widespread and cannot be manipulated that easily by these whales... that said, some fiat moguls can still manipulate the price, if they dumped enough fiat
into some of the exchanges. Let's not forget that this scenario is not anywhere close to normal, because we have a quarterly event coming up, called the Halving and this leads to a lot of speculation
and hype, influencing the price dramatically.
Jump to: