Bitcoin Forum

The exchange price of BTC to why an unstable currency? Sometimes the ride is sometimes down and what influence it? I'm curious because I often see often up and down. Then how do you all to get the BTC that much ?? I'm still a beginner and do not know anything please help...

It goes up and down by a series of factors, but mainly (I think) is the whales, people holding lots and lots of Bitcoin that put them to sell (lowering the price) or hold them (raising it). Although there is quite a bunch of Bitcoins, it is not so hard to influence the market due to it not being so widespread and not being so controlled. It is not as with dollar or another much more wide-spread currency. Fewer people selling or buying are required to made prices move significatively.

Bitcoin has been relatively stable for the last few months but had a spike like 2 weeks ago where it rose to 450$. But for close to a year its been around 320-340$ so for now i think there is low risk to have bitcoin funds.

although there are ~15million coins in circulation.. only a few thousand coins are in exchanges that would make the difference between $300-$400. or $300-$200.

so it is not like you need to sell/buy 5million-15million coins to cause movements, you only need to spend 5000 coins to move the price by an average of $20. meaning if 25,000 coins was to be bought or sold in any one day the price will move +-$100.

now the more complicated question, why people would suddenly buy or sell..

well there are many reasons.
and if you can find all of the reasons. and know which days that most positive reasons happen at any one time. you can predictably buy, knowing the price will rise to make a profit. when you sell after a rise

and if you can find all of the reasons. and know which days that most negative reasons happen at any one time. you can predictably sell, knowing the price will fall to make a profit. when you buy back more coins after a fall.

but if we all knew these reasons. we would all be able to 'get rich quick'.. so i am sorry to inform you there is no guaranteed evidence of when its best to buy and sell as most evidence of good or bad reasons may turn out to be speculation without bases/facts backing it

it's because the market is in a heavy speculation phase, when will be in a heavy adoption phase with a very big market cap the price will be more stable for a long time

this does not mean that swings will not happen(gold for example still has its instability phase despite 6T marketcap), but at least you will not see +50% in 3 days or something

Bitcoin is not like any fiat currency like usd and eur with constant value. Bitcoin can be better described as virtual assets which value depends upon the demand and supply. If demand increses (more people buying) price will grow up but if supply increases viceversa happens. I like to let you know that total bitcoin can be supplied is limited to 21 million so if the uses of bitcoin keep on growing than definately you will see much more rise in its price in future.

Every currency is unstable, we are just not very aware of it.
Exchange rate Russian rubl to US dollar:
https://images.duckduckgo.com/iu/?u=http%3A%2F%2Fwww.financetwitter.com%2Fwp-content%2Fuploads%2F2014%2F12%2FRussian-Ruble-vs-USD-January-to-16-Dec-2014.jpg&f=1

Exchange rate Japanese yen to US dollar:
https://images.duckduckgo.com/iu/?u=http%3A%2F%2Fmedia.ycharts.com%2Fcharts%2Fcb92fcf79eef082e2b1483265e59396e.png&f=1

Bitcoin swings more than these currencies but not as much as others. Today bitcoin mvoed 1.25%. Others moved 27%. http://coinmarketcap.com/ (http://coinmarketcap.com/)
It's all supply/demand.

Thats a great explanation as to trade or not in the market.
IF lets say some companies are trying to get into bitcoin and so they will demand BTC and will buy maybe thousands, this could cause a sudden rise of value. correct?

Must of us acquire bitcoin the old fashioned way...buying them, some times in bulk and other times in smaller increments.

Set goals for yourself and then jump in and join us! There's a lot to learn here, enjoy the reading!

BTC price is influenced by many things from the old user (that have a great quantity of BTC and wants to sell in way to monetize something) to the events that happen. (see the financial crisis of Cyprus, etc.).

diligent enough to make posts on this forum and while reading something useful to you. if your rank account has gone up, minimal jr.member or member, then you can join the signature campaign :)

now you can look for some giveaway in this thread https://bitcointalk.org/index.php?board=71.0 , or rely on your skills

Bitcoin markets aren't regulated and exchanges can potentially just manipulate the volumes like what the willy bot in mt gox used to do. The price is determined by how much the sellers are willing to sell at and how much the buyers are willing to buy at.

Your view is somehow right but Due to anonymous, easy spreadable through worldwide, demand and bankruptcy are making Bitcoins value to move up and If these things reciprocally going means price will go little down.

It turns out I just know that the BTC traffic to the currency exchange has no effect on the currency itself was influential in the use of BTC. Is not it ? If there is one please help

bitcoin price is usually influenced by economic events because bitcoin is somewhat like gold. People hold it when they go outside and find bad things they tend to sell it and vice versa. You can get bitcoin quite easy I think: buy it, visit faucet, join signature campaign, sell your skill, and mine it!

I found very good article about why bitcoin is very fluctuative. It write in my local languange, but you can try to translate it with google translate.

Here : http://blog.bitcoin.co.id/mengapa-harga-bitcoin-begitu-fluktuatif/

Well using google translate may end up the original meaning of the article changes ;D

I think there are many people still not trusted on bitcoin so the price kindda unstable.
It's just like supply and demand that affect bitcoin's value

I think that was the case in the history but I am not sure how much is this going on nowadays! OK Chinese volume manipulations are there but they are not manipulating and raising price artificially like Willy the bot did.

You do understand that this is very challenging today when you have about 10 quality exchanges. 2 years ago we pretty much only had Mt gox and stuff like this was much easier to pull off!

what you said is ok but at last you said we will not  see +50% in 3 days how can it be , last month withing 3 days it went above 100%, so it is clear that the market statistics are unpredictable.

Now traffic buy / sell BTC increased by 7%
Wow it was incredible
Ayoo more courage to collect coin that could be 1 BTC  ;D ;D

yeah , but i was talking what happened in the whole picture, so the final price was +50%

we went from 230 to 460 then 350, which is around 100%--->50%

I'm not sure if that's what you mean but if you asking whether BTC price fluctuations impact people using it, I would say definitely. There are a lot of hardcore believers who would stick with Bitcoin to the end but I think the average user is likely to leave Bitcoin is the price dips below a certain threshold. Other than those who mined the coin in the early days, people who are joining these days are investing their hard earned money into it, of course they gonna be affected if Bitcoin price takes a huge dive.

Yes I saw this to, amazing!!

the price got up a little bit today ;D and got stable there ;D good signs in my opinion

Just like anything else, Bitcoin is only worth what someone is willing to pay.

Bitcoin exchanges generally determine this rate. Use http://bitcoinaverage.com/ to get an idea on the average global price.

In my opinion, the average price is also just a number so we can look the whole thing not in specific situation. So yeah... it is just a number in average