Bitcoin price is very volatile is because of the news and updates that can affect a lot the price. I also think why bitcoin price change a lot is because of its being limited and the demand of the people around the world, if an asset has a limited supply with a lot of demand then it can surely change more than traditional currencies which have a unlimited supply.
Yes, more and more people are starting with bitcoins and those who are already using bitcoins would quit it that is one of the main reasons behind the growing and the change in price is mainly occurring because there are people who sell and buy bitcoins all the time resulting in a fluctuation of price every second. 
Topic: Why the price of Bitcoin change more than traditional currencies? - page 3. (Read 15605 times)
March 07, 2017, 05:42:13 PM
March 07, 2017, 01:54:00 PM
I don't think it fluctuates more than some fiat currencies because this volatility has been there from day one just like my local fiat which has such high fluctuations too. This has been on going for the past 8 months after the halving. The reason behind bitcoins volatility has to do with people's growing interest and the panic sellers. Those two seem to be occurring every now and then so it keeps taking all of us for a roller coaster ride.
i do not think that there can such a big fluctuation in any fiat currency, i think the reason for such a big fluctuation can only be because of the adoption of bitcoin by the people. the number of bitcoin users are increasing which is causing the increasing demand and so the price of bitcoin also increase too much. 
March 07, 2017, 01:05:32 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?
They have certain principles are assign in tha traditional currencies. It is based on our country sensex. But Bitcoin not a government control. It like varies only in the supply and demand of the Bitcoin. Bitcoin are increasing gradually and continuously. 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?
March 07, 2017, 08:21:11 AM
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.
March 05, 2017, 01:53:11 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. 
March 05, 2017, 11:27:23 AM
The reasons are quite many in which in that same vein appeals differently to people in my own case I think its largely due to the fact that its limited in supply compared to the population going after it. For example it becoming increasingly difficult to mine just one bitcoin compared to the total amount of people in the world trying to get one. That is enough reason for it to increase at a rate more than other currencies.
March 05, 2017, 10:12:57 AM
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.
I would correct you a bit, though I agree on the later part, bitcoins is not a currency rather its an asset that is so popular that we tend to believe that its a currency. And being the ability of bitcoins like transparency and ease of use there are most of the stores that are looking forward to accept it, though I think big stores like amazon would never accept bitcoins because then government would ban such companies in their country.
March 05, 2017, 04:15:13 AM
Bitcoin price is very volatile is because of the news and updates that can affect a lot the price. I also think why bitcoin price change a lot is because of its being limited and the demand of the people around the world, if an asset has a limited supply with a lot of demand then it can surely change more than traditional currencies which have a unlimited supply.
Yes, more and more people are starting with bitcoins and those who are already using bitcoins would quit it that is one of the main reasons behind the growing and the change in price is mainly occurring because there are people who sell and buy bitcoins all the time resulting in a fluctuation of price every second. 
March 05, 2017, 02:38:20 AM
I don't think it fluctuates more than some fiat currencies because this volatility has been there from day one just like my local fiat which has such high fluctuations too. This has been on going for the past 8 months after the halving. The reason behind bitcoins volatility has to do with people's growing interest and the panic sellers. Those two seem to be occurring every now and then so it keeps taking all of us for a roller coaster ride.
But panic selling would bring the price down, isn't it ? I mean the more orders getting filled at cheaper price would mean less orders at a higher price and hence a low overall price of bitcoins.
Growing community hasn't played all that big part in the rise and change of price because you see the price almost doubled up and the community hasn't even grown 25% in this much time as compared to original community. Maybe there are some big investors in bitcoins that have caused such a rise ?
March 05, 2017, 01:50:22 AM
I don't think it fluctuates more than some fiat currencies because this volatility has been there from day one just like my local fiat which has such high fluctuations too. This has been on going for the past 8 months after the halving. The reason behind bitcoins volatility has to do with people's growing interest and the panic sellers. Those two seem to be occurring every now and then so it keeps taking all of us for a roller coaster ride.
But panic selling would bring the price down, isn't it ? I mean the more orders getting filled at cheaper price would mean less orders at a higher price and hence a low overall price of bitcoins.
Growing community hasn't played all that big part in the rise and change of price because you see the price almost doubled up and the community hasn't even grown 25% in this much time as compared to original community. Maybe there are some big investors in bitcoins that have caused such a rise ?
March 04, 2017, 04:38:41 PM
Bitcoin change more often than traditional currencies because it is not completely the same like fiat because bitcoin is a kind of currency but more on asset or stock so it means that it is available in the market and people can play with it. Another reason i think bitcoin change more often because of its limited supply which affects the market price a lot.
People play/trade with Fiat Currency too (Forex Exchange) they are also active movers like stock and or any other commodities that can be traded. One main reason that Bitcoin change more often than any Fiat currency is that it is controlled by many people who hoard it, they can decide whether to hold or perform a massive shorting which results into a more volatile currency. There is no government involve but people who have lots of money who can buy and sell a lot anytime. March 04, 2017, 01:34:10 PM
I don't think it fluctuates more than some fiat currencies because this volatility has been there from day one just like my local fiat which has such high fluctuations too. This has been on going for the past 8 months after the halving. The reason behind bitcoins volatility has to do with people's growing interest and the panic sellers. Those two seem to be occurring every now and then so it keeps taking all of us for a roller coaster ride.
March 04, 2017, 01:15:56 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 not always the case
In fact, many governments do quite the contrary, i.e. intentionally devalue their national currencies. Artificially keeping the exchange rate at certain levels can be expensive and ultimately counterproductive, especially if the local economy is not quite on par with the economy of a country against which currency the government is pegging a local currency. For example, Saudi Arabia has pegged its currency to the US dollar but it may cost them dear, and more so if oil prices continue to remain where they are now or even go lower
March 04, 2017, 08:56:35 AM
.... I also think why bitcoin price change a lot is because of its being limited and the demand of the people around the world, if an asset has a limited supply with a lot of demand then it can surely change more than traditional currencies which have a unlimited supply.
Bitcoin is unique currency I've ever know so bitcoin value also move in unique in different way and time.
Nobody can expect the value of bitcoin exactly but as long as you keep holding bitcoin , I'm sure bitcoin will keep exist and the value keep increase exponentially for time to time
March 04, 2017, 08:46:38 AM
Bitcoin price is very volatile is because of the news and updates that can affect a lot the price. I also think why bitcoin price change a lot is because of its being limited and the demand of the people around the world, if an asset has a limited supply with a lot of demand then it can surely change more than traditional currencies which have a unlimited supply.
March 04, 2017, 06:20:28 AM
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.
Traditional currencies has a large amount of number in circulations and it will reach about trillions in counting. Aside from that local currencies is only limited to their country as it can never be accepted on the other country. Bitcoin on the other hand is only 21 million in circulation and is serving all countries all over the world and that means that bitcoin has more demand and with the limited supply its value will surely increase a lot compared to traditional currencies.
March 04, 2017, 06:00:44 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?
The availability of bitcoin is limited to 21 million while traditional currencies can be printed at will.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?
Also a large portion of bitcoin is in cold storage and some is lost for ever.This creates huge gap between demand and supply.
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March 04, 2017, 05:54:45 AM
Well beside the obvious fact of government control over currency, there's also the fact that Bitcoin's supply and demand can vary drastically. Countries all have their own local currency which is seldom used anywhere else and therefore the value of the currency (usually) stays about the same because the use of it is the same - all of the people in the country. Bitcoin, on the other hand, could freely be used by anyone in the world, in any amount for any time.
There's also the fact that Bitcoin is too small to be accepted by major retailers and online shops so most people see it less as a currency and more as an investment, and when there's no actual company running it or any physical assets backing it up (e.g. gold) it results in the value fluctuating, sometimes wildly.
But this isn't an inherent problem of Bitcoin, it's a current problem of Bitcoin and it will be fixed once Bitcoin has found its appropriate place in society.
Fiat currencies are not immune to volatility either - the difference is that Bitcoin's value broadly goes up over time, whereas fiat currencies usually go down over time, especially with those that hyperinflate - and this is a huge part of what makes Bitcoin great.
There's also the fact that Bitcoin is too small to be accepted by major retailers and online shops so most people see it less as a currency and more as an investment, and when there's no actual company running it or any physical assets backing it up (e.g. gold) it results in the value fluctuating, sometimes wildly.
But this isn't an inherent problem of Bitcoin, it's a current problem of Bitcoin and it will be fixed once Bitcoin has found its appropriate place in society.
Fiat currencies are not immune to volatility either - the difference is that Bitcoin's value broadly goes up over time, whereas fiat currencies usually go down over time, especially with those that hyperinflate - and this is a huge part of what makes Bitcoin great.
March 04, 2017, 02:34:54 AM
Because bitcoin controlled by free market and people who invest money in to this system. Investors are people who bough this currency and make it cost more with that operation. Traditional currensies controled by goverments and try to stabalize the price of that currency, they are not intrested to risk on that because it can make really bad influence for there people, that's why our currencies always more stabalized by goverment
March 04, 2017, 02:21:47 AM
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.
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