Why the price of Bitcoin change more than traditional currencies? - page 8.

Yutikas_11920

hero member

Activity: 714

Merit: 500

Quote from: BitFinnese on December 25, 2016, 05:22:08 PM

Quote from: hase0278 on December 25, 2016, 04:58:02 PM

One of the reason I see why bitcoin is always fluctuating is because of demand. The buying and selling of users is what makes bitcoins price go up and down and of course it is decentralized and it is in the free market unlike fiat that is decentralized of course because of government and banks, also it is used mainly for transactions everday without even needing an exchanger that's why.

I agree that the reason of the fluctuation of bitcoin is the decentralized system. We all know that there is no body that regulates bitcoin meaning anyone with capacity and capability can manipulate it according to their likings. Aside from that, bitcoin is susceptible to speculations of investors that makes it highly volatile.

Price fluctuations, but indeed a bitcoin I bet that the price of bitcoin no regard to investors who are interested in bitcoin. Because the existing investors in the bitcoin does not have any policy or the correct strength inside. So if an investor is associated as the person who controlled the economy of bitcoin, then it's all not true. Bitcoin nobody mastered and could only give a good effect is mining, without mining bitcoin will not be able to walk normally

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: hase0278 on December 25, 2016, 04:58:02 PM

One of the reason I see why bitcoin is always fluctuating is because of demand. The buying and selling of users is what makes bitcoins price go up and down and of course it is decentralized and it is in the free market unlike fiat that is decentralized of course because of government and banks, also it is used mainly for transactions everday without even needing an exchanger that's why.

I agree that the reason of the fluctuation of bitcoin is the decentralized system. We all know that there is no body that regulates bitcoin meaning anyone with capacity and capability can manipulate it according to their likings. Aside from that, bitcoin is susceptible to speculations of investors that makes it highly volatile.

hase0278

hero member

Activity: 882

Merit: 544

One of the reason I see why bitcoin is always fluctuating is because of demand. The buying and selling of users is what makes bitcoins price go up and down and of course it is decentralized and it is in the free market unlike fiat that is decentralized of course because of government and banks, also it is used mainly for transactions everday without even needing an exchanger that's why.

Taki

hero member

Activity: 1078

Merit: 514

Honestly I don't know why the price for bitcoin is jumping so much if compare it with traditional currencies. Maybe cause of traditional currencies are depend from country's good and politic situation inside it, bitcoin has nothing with that, so it's price depends only from demand.

Zisove28

full member

Activity: 181

Merit: 100

I was very surprised that Bitcoin in the past few days since risen. I find it hard to understand why this is happening. It may not dramatically grow people's interest in Bitcoin

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: Text on December 22, 2016, 06:38:44 AM

I think it depends on the adaptation of a user to the currency. The more that it is being used, the more is the impact. Bitcoin is now the most popular crypto-currency in the whole wide world especially in web. BTC is the money of internet.

yes that is the main reason i think as bitcoin is a new currency and people are entering in the world of bitcoin. and that is the reason that the price of bitcoin is not so stable.

ubitcoin

hero member

Activity: 686

Merit: 500

Quote from: xIIImaL on December 07, 2016, 11:54:45 PM

Quote from: machinek20 on December 07, 2016, 06:58:55 PM

Bitcoin price keeps on changing because nibody control it, all of the price is based on the market, so if more people demand bitcoin the price will be up, so if there are more users the the price will surely up, while the traditional fiat is control by government to prevent the inflation rate

Perfectly right. There is no control Bitcoin. It's value completely depand on supply and demand only. More over Bitcoin price is so volatile and we do not able to predict the pump and sink.

The changes in the price of bitcoin we experience are due to a major component and that is the non-involvement of a government regulatory authority. As all the traditional currencies are regulated by concerned government authorities and the changes is these currencies depends on many other elements which a bit coin is free from.

huahuaea

sr. member

Activity: 297

Merit: 250

Bitcoin price relies on promotion and press at this point.
No one actually controls it. Whereas the traditional currencies are controlled by the respective government and they can do number of things to prevent the fall of their currency value.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: Kevin77 on December 23, 2016, 03:24:52 PM

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?

Other currencies are not like bitcoin, it is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on everything by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot.

Yes I agree with you two, the government have strength to controk their fiat price. But for all countries, there are some country that can not control their fiat price so the price is fall far away against dollar. Bitcoin price move so wild becouse the circulation and spreading is not good. So the hoarder have bigger control of bitcoin price. But I think its just for now becouse I really sure that the circulation and spreading will much better in the future.

ikydesu

hero member

Activity: 686

Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: Kevin77 on December 23, 2016, 03:24:52 PM

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?

Other currencies are not like bitcoin, it is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on everything by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot.

You right, fiat has been used for trade long time ago, so the price is have more stable high-low, besides that it's controlled by government, which means the price also have intervened from government. But all currency basically move based on supply-demand.
Bitcoin have less supply than fiat, means although it's used more often than nowadays, there's possibility the price also change a lot.

Kevin77

legendary

Activity: 1652

Merit: 1057

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?

Other currencies are not like bitcoin, it is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on everything by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot.

sportis

sr. member

Activity: 406

Merit: 252

Veni, Vidi, Vici

We must use bitcoin as we use our fiat money. Most of the people use bitcoin not as payment system but only for hoarding and trading in exchange markets. So it's natural to have many fluctuations of its price.

Text

hero member

Activity: 2464

Merit: 594

I think it depends on the adaptation of a user to the currency. The more that it is being used, the more is the impact. Bitcoin is now the most popular crypto-currency in the whole wide world especially in web. BTC is the money of internet.

renfangfua

sr. member

Activity: 336

Merit: 250

Bitcoin is a network of virtual P2P form of digital currency, he is a cryptographic based digital currency, and every 4 years to reduce the total issued half.
Unlike most currency, bitcoin does not depend on the specific issue of monetary institutions, according to a specific algorithm, produced by a large amount of computation, the bitcoin economy using distributed database of many nodes in the entire P2P network to identify and record all the transactions, design and use of cryptography to ensure the safety of all aspects of the circulation of money.

rajasumi3

full member

Activity: 266

Merit: 100

Because it s popularity is increasing day by day and it is deternmined how much it is being used.when the demand of bitcoins is very high and the quantity is less it is then the price becomes very high.

lOvE mE forEvEr

full member

Activity: 238

Merit: 100

Quote from: Xenoblate on December 21, 2016, 05:39:23 AM

Quote from: praboso96 on December 08, 2016, 03:54:33 PM

Quote from: Diced90 on December 08, 2016, 09:01:31 AM

Basically the price of bitcoin is influenced by many parties i.e miners,bitcoin holders,politics, you and me{literally everybody}their by making the price easily changeable were as fiat is basically influenced by fiscal policies of that country and monetary policies

You're right. The price of Bitcoin do we all. But the centralized currency is strictly controlled by the government. Therefore, fluctuations in prices Bitcoin is much more tangible than the currency price swings centralized

If you can use the fluctuation, you can make a lot of money.

But the value is small.

This is because the popular level, the more that know and use the course the more powerful a currency, just as the already widely used bitcoin people so the price always rises.

TheGodFather

hero member

Activity: 854

Merit: 500

the reason why it's changing more than other traditional currency because the programmer of the bitcoin who created bitcoin already do an algorithm that can make us earn more than using other traditional currency. and the users of the bitcoin and investors have been rapidly growing it all depends on the investor. and one of the reason of bitcoin growing is gambling site because they donating on bitcoin currency more than we bought bitcoin thats why .

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Diced90 on December 08, 2016, 09:01:31 AM

Basically the price of bitcoin is influenced by many parties i.e miners,bitcoin holders,politics, you and me{literally everybody}their by making the price easily changeable were as fiat is basically influenced by fiscal policies of that country and monetary policies

the price is influenced by the demands which was made by those you mentioned above. bitcoin is just about the market's demand and an economic law about demand-supply is really apply here
there's demands then the thing will more valuable otherwise the supplies were too much then the value will be lesser

Xenoblate

newbie

Activity: 69

Merit: 0

Quote from: praboso96 on December 08, 2016, 03:54:33 PM

Quote from: Diced90 on December 08, 2016, 09:01:31 AM

Basically the price of bitcoin is influenced by many parties i.e miners,bitcoin holders,politics, you and me{literally everybody}their by making the price easily changeable were as fiat is basically influenced by fiscal policies of that country and monetary policies

You're right. The price of Bitcoin do we all. But the centralized currency is strictly controlled by the government. Therefore, fluctuations in prices Bitcoin is much more tangible than the currency price swings centralized

If you can use the fluctuation, you can make a lot of money.

praboso96

full member

Activity: 187

Merit: 100

Quote from: Diced90 on December 08, 2016, 09:01:31 AM

Basically the price of bitcoin is influenced by many parties i.e miners,bitcoin holders,politics, you and me{literally everybody}their by making the price easily changeable were as fiat is basically influenced by fiscal policies of that country and monetary policies

You're right. The price of Bitcoin do we all. But the centralized currency is strictly controlled by the government. Therefore, fluctuations in prices Bitcoin is much more tangible than the currency price swings centralized

Topic: Why the price of Bitcoin change more than traditional currencies? - page 8. (Read 15605 times)