Topic: Why the price of Bitcoin change more than traditional currencies? - page 2. (Read 15605 times)
March 22, 2017, 02:23:47 AM
This is because the demand and supply bitcoin, many people turn their traditional investments such as gold, land and so on to the bitcoin thus making traditional currency depressed.
March 21, 2017, 02:52:30 PM
I don't think that the bitcoin prices are affected by only Chinese. I agree that China is the biggest exchange area of bitcoins but because of that we can not guess like this. Now the Bitcoin users increased lot in all countries this is also one of the reasons for the price increase and decrease. And the digital currency will not stable like traditional currency.
Chinese market used to be shaping force for the bitcoin's price in the past. But since PBoC intervention early this year this situation changed.We have reached ATH during Chinese exchanges blockade when withdrawal of BTC/LTC were suspended. In the past this would cause major price drop, but not anymore.
The higher the adoption, the higher the market cap, the lower the fluctuation of price and stability
I'm curious how long people will repeat this nonsense
It should ve pretty evident to anyone having an eye (or pair of eyes) that it will never be the case (if you actually mean higher stability with a higher market cap, of course). Conversely, with Bitcoin price rising we are set to witness even higher price volatility. This had been discussed many times before when the price was still well below the 1,000 dollar mark, and it was not yet quite clear whether this theory is going to be proved right in practice. And the recent price volatility (whatever may be causing it) proves exactly that. Within three months of this year we've seen the price reach over 1,100 dollars per coin, then flash crash to 750 dollars, rise again to ATH of 1,300 dollars and plummet once again to 950 dollars. And now we are rising one more time
March 21, 2017, 02:39:15 PM
I don't think that the bitcoin prices are affected by only Chinese. I agree that China is the biggest exchange area of bitcoins but because of that we can not guess like this. Now the Bitcoin users increased lot in all countries this is also one of the reasons for the price increase and decrease. And the digital currency will not stable like traditional currency.
Chinese market used to be shaping force for the bitcoin's price in the past. But since PBoC intervention early this year this situation changed.We have reached ATH during Chinese exchanges blockade when withdrawal of BTC/LTC were suspended. In the past this would cause major price drop, but not anymore.
The higher the adoption, the higher the market cap, the lower the fluctuation of price and stability
I'm curious how long people will repeat this nonsense
It should ve pretty evident to anyone having an eye (or pair of eyes) that it will never be the case (if you actually mean higher stability with a higher market cap, of course). Conversely, with Bitcoin price rising we are set to witness even higher price volatility. This had been discussed many times before when the price was still well below the 1,000 dollar mark, and it was not yet quite clear whether this theory is going to be proved right in practice. And the recent price volatility (whatever may be causing it) proves exactly that. Within three months of this year we've seen the price reach over 1,100 dollars per coin, then flash crash to 750 dollars, rise again to ATH of 1,300 dollars and plummet once again to 950 dollars. And now we are rising one more time
March 21, 2017, 01:47:00 PM
I don't think that the bitcoin prices are affected by only Chinese. I agree that China is the biggest exchange area of bitcoins but because of that we can not guess like this. Now the Bitcoin users increased lot in all countries this is also one of the reasons for the price increase and decrease. And the digital currency will not stable like traditional currency.
Chinese market used to be shaping force for the bitcoin's price in the past. But since PBoC intervention early this year this situation changed.We have reached ATH during Chinese exchanges blockade when withdrawal of BTC/LTC were suspended. In the past this would cause major price drop, but not anymore.
The higher the adoption, the higher the market cap, the lower the fluctuation of price and stability.
March 21, 2017, 12:56:51 PM
The number of trading activities would certainly affect the price of the bitcoin, they take the advantages of the rise and fall of the prices, but I'm sure it will not be able to prevent rising prices in the long term.
people only spend a small amount of Bitcoin for trading compare to Bitcoin for investing. Therefore, we can not expect that the trading activities can stop the Bitcoin prices from going up. MOreover, China is now the biggest exchange area for Bitcoiners and investors. The prices are affected a lot by the Chinese
March 21, 2017, 11:42:58 AM
The number of trading activities would certainly affect the price of the bitcoin, they take the advantages of the rise and fall of the prices, but I'm sure it will not be able to prevent rising prices in the long term.
people only spend a small amount of Bitcoin for trading compare to Bitcoin for investing. Therefore, we can not expect that the trading activities can stop the Bitcoin prices from going up. MOreover, China is now the biggest exchange area for Bitcoiners and investors. The prices are affected a lot by the Chinese March 21, 2017, 11:03:36 AM
The price of bitcoin change more than traditional currencies because bitcoin is not controlled by the government unlike the traditional currencies. Traditional currencies was already been used so its been obvious bitcoin is always fluctuating its price and demand is rising daily.
March 21, 2017, 08:16:38 AM
The number of trading activities would certainly affect the price of the bitcoin, they take the advantages of the rise and fall of the prices, but I'm sure it will not be able to prevent rising prices in the long term.
It will not. Because the lower it gets it also becomes rare and that makes it more valuable that can be seen thru pricing it with a large amount of fiat. As time goes by, many will see the truth about it being more expensive than any other currency. Sure, they might think of it like a commodity first but as they grow knowledge within the bitcoin community it will come to sense that it is really a currency.
March 21, 2017, 08:10:07 AM
The reasons that I will ascribe to why the price of bitcoin is more volatile than fiat are as follows:
1. Fiat is already being used by the whole country there is no need for it to start penetrating unlike bitcoin that if you tell some other people, the only thing they can attach it to is that its a Ponzi scheme and people are equally coming in on a daily basis to really know about what its all about.
2. Another reason is that in the case of Fiat its being regulated by the Central Banks to ensure that the forces of demand and supply is kept at par unlike bitcoin that is just a free market to a large extent.
1. Fiat is already being used by the whole country there is no need for it to start penetrating unlike bitcoin that if you tell some other people, the only thing they can attach it to is that its a Ponzi scheme and people are equally coming in on a daily basis to really know about what its all about.
2. Another reason is that in the case of Fiat its being regulated by the Central Banks to ensure that the forces of demand and supply is kept at par unlike bitcoin that is just a free market to a large extent.
March 21, 2017, 07:29:10 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?
Of course all those fiats are government regulated currencies with the help of a central bank so they know when to pump and when to dump to bring about the stability of the currency. And because all fiats are centralized currencies, it is easier to stabilize its prices.
Bitcoin has properties that makes it similar to gold, it is controlled by a design by the developers of the core technology to limit its production to 21milion BTC, and that the complete opposite of the fiat currency which is managed by the governments who want to maintain low inflation.
March 20, 2017, 11:41:23 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?
Of course all those fiats are government regulated currencies with the help of a central bank so they know when to pump and when to dump to bring about the stability of the currency. And because all fiats are centralized currencies, it is easier to stabilize its prices.
March 20, 2017, 04:17:28 AM
The number of trading activities would certainly affect the price of the bitcoin, they take the advantages of the rise and fall of the prices, but I'm sure it will not be able to prevent rising prices in the long term.
March 19, 2017, 09:19:21 PM
Some countries control the exchange rate of their national currencies against the dollar, most don’t because it is impossible to fight against the markets, in the case of bitcoin the swings in price happen because the lower market cap and because speculators are in fact looking for those big swings so those swings get amplified by the market.
may be in some countries it is possible. but i think when we speak about bitcoin, the uses of bitcoin are increasing from time to time and therefore it is now becoming more difficult to manipulate the price of bitcoin. March 19, 2017, 08:44:07 PM
Some countries control the exchange rate of their national currencies against the dollar, most don’t because it is impossible to fight against the markets, in the case of bitcoin the swings in price happen because the lower market cap and because speculators are in fact looking for those big swings so those swings get amplified by the market.
may be in some countries it is possible. but i think when we speak about bitcoin, the uses of bitcoin are increasing from time to time and therefore it is now becoming more difficult to manipulate the price of bitcoin. 
March 19, 2017, 07:47:16 AM
Some countries control the exchange rate of their national currencies against the dollar, most don’t because it is impossible to fight against the markets, in the case of bitcoin the swings in price happen because the lower market cap and because speculators are in fact looking for those big swings so those swings get amplified by the market.
may be in some countries it is possible. but i think when we speak about bitcoin, the uses of bitcoin are increasing from time to time and therefore it is now becoming more difficult to manipulate the price of bitcoin. March 18, 2017, 10:48:30 PM
It's pretty simple: The supply of USD is in no way limited: The fed can increase or decrease the money supply at will. Also, there is the expectation that the fed will alter the money supply to keep an inflation target of 2%. Therefore, you don't see big spikes on the dollar: If the dollar were to spike, the supply would change to bring it back.
In comparison, Bitcoin works just like a commodity, like oil or gold. There's a limited supply, which increases according to a formula that has absolutely nothing to do with an actual economy. This formula is actually set up to make the supply increase very slowly, which made people want to mine it early, and now hoard it. In essence, it's designed to reward those that buy it early, like a pyramid scheme.
In comparison, Bitcoin works just like a commodity, like oil or gold. There's a limited supply, which increases according to a formula that has absolutely nothing to do with an actual economy. This formula is actually set up to make the supply increase very slowly, which made people want to mine it early, and now hoard it. In essence, it's designed to reward those that buy it early, like a pyramid scheme.
March 18, 2017, 10:34:58 PM
traditional currencies are controlled by governments. When there is a fall in traditional currency price, governments take immediate steps to restore its value.So there is no big difference in it price.But, Bitcoin is a decentralized currency not controlled by any one.Its price increases when there is an increase in demand and its price decreases when the demand decreases.So, Bitcoin price changes more and frequently than other currencies.
This is correct, since bitcoin is not controlled by anyone then the only thing that determines its price is supply and demand but in fiat, the governments will take actions to make this changes in price smoother by trying to print more of their own currency or by selling some of their reserves.I think the market cap of the bitcoin is still too small. Any rich orgainsation can manipulate the price.
In the long term, the price should increase. But in the short term, the price will go lower due to the hard fork threat.
March 18, 2017, 10:28:28 PM
Some countries control the exchange rate of their national currencies against the dollar, most don’t because it is impossible to fight against the markets, in the case of bitcoin the swings in price happen because the lower market cap and because speculators are in fact looking for those big swings so those swings get amplified by the market.
March 18, 2017, 01:09:27 PM
traditional currencies are controlled by governments. When there is a fall in traditional currency price, governments take immediate steps to restore its value.So there is no big difference in it price.But, Bitcoin is a decentralized currency not controlled by any one.Its price increases when there is an increase in demand and its price decreases when the demand decreases.So, Bitcoin price changes more and frequently than other currencies.
This is correct, since bitcoin is not controlled by anyone then the only thing that determines its price is supply and demand but in fiat, the governments will take actions to make this changes in price smoother by trying to print more of their own currency or by selling some of their reserves.I think the market cap of the bitcoin is still too small. Any rich orgainsation can manipulate the price.
In the long term, the price should increase. But in the short term, the price will go lower due to the hard fork threat.
March 07, 2017, 05:50:33 PM
traditional currencies are controlled by governments. When there is a fall in traditional currency price, governments take immediate steps to restore its value.So there is no big difference in it price.But, Bitcoin is a decentralized currency not controlled by any one.Its price increases when there is an increase in demand and its price decreases when the demand decreases.So, Bitcoin price changes more and frequently than other currencies.
This is correct, since bitcoin is not controlled by anyone then the only thing that determines its price is supply and demand but in fiat, the governments will take actions to make this changes in price smoother by trying to print more of their own currency or by selling some of their reserves.I think the market cap of the bitcoin is still too small. Any rich orgainsation can manipulate the price.
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