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Title: The fluctuation in pricing.. Post by: beantownsox87 on May 30, 2017, 08:52:08 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :)
Title: Re: The fluctuation in pricing.. Post by: Qartada on May 30, 2017, 09:20:36 PM Volatility is typical of something which is scarce as an asset. However, there just isn't any way to change this, because that would require making the supply flexible, thus making it inherently worth very little like fiat currency.
The problem is that Bitcoin needs to find its place. Bitcoin volatility basically just happens because people think it happens - if everyone was convinced that Bitcoin was 100% stable and convenient, its usage would be much higher and in turn it would become stable. After its price is high enough that trading is kept to reasonable levels in a high-liquidity markets, the price fluctuations as a percentage shouldn't be too much higher than fiat. The Bitcoin volatility is already beginning its path to getting low, if you have a look at the Bitcoin volatility index (https://www.buybitcoinworldwide.com/volatility-index/). Title: Re: The fluctuation in pricing.. Post by: beantownsox87 on May 30, 2017, 09:24:23 PM Great point. The lack of backing from a country as a currency draws instability fears to the citizens as well. The Dollar is only stable because the US backs it and it is the widely known currency. You could put popcorn in its place, if it was US backed and widely known..than popcorn would be the currency.
Title: Re: The fluctuation in pricing.. Post by: jc89 on May 30, 2017, 10:06:16 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin being volatile and unpredictable in nature are characteristics of bitcoin that makes bitcoin as bitcoin. All just have to deal with it. If the scene you stated is a big deal then why not convert btc to fiat immediately after the transaction so that no value will be lost. It is blurry to see bitcoin as a universal economic currency because not all government will compromise to bitcoin. Some might accept bitcoin as a mode of payment but they will not entirely embrace bitcoin and forget about their original currency. Title: Re: The fluctuation in pricing.. Post by: BunnyShibe on May 30, 2017, 11:21:47 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin being volatile and unpredictable in nature are characteristics of bitcoin that makes bitcoin as bitcoin. All just have to deal with it. If the scene you stated is a big deal then why not convert btc to fiat immediately after the transaction so that no value will be lost. It is blurry to see bitcoin as a universal economic currency because not all government will compromise to bitcoin. Some might accept bitcoin as a mode of payment but they will not entirely embrace bitcoin and forget about their original currency. Title: Re: The fluctuation in pricing.. Post by: HaXX0R1337 on May 30, 2017, 11:52:19 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is a universal currency and you really do not need any government to proclaim that,if you look at the user base we would see people from all over the world and that does not make you think that it is universal. Dollar might be getting old and so does the rest of the currencies and it is really difficult to see some currency replacing dollar.Great point. The lack of backing from a country as a currency draws instability fears to the citizens as well. The Dollar is only stable because the US backs it and it is the widely known currency. You could put popcorn in its place, if it was US backed and widely known..than popcorn would be the currency. Nothing changes,you really need no have any backing from any government ,if people fears about bitcoin ,do not enter it as no one is forcing them to invest in it,for those who like to take some risk and play the game will make a good fortune.Title: Re: The fluctuation in pricing.. Post by: Velkro on May 30, 2017, 11:55:38 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) You are wrong in one key ascept. Its not bad that Bitcoin is volatile, its natural occurence in fresh market. Oil or Gold is also volatile and it doesn't matter. Title: Re: The fluctuation in pricing.. Post by: Silberman on May 31, 2017, 02:43:24 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is not that volatile you are talking about bitcoin losing more than 90% of its value in less than a few hours, while there are variations in price such wild variations are not going to happen with bitcoin for the simple reason you will need hyper inflation for that to happen and that is impossible in bitcoin, other currencies have followed that path like the mark of the Wiemar republic.Title: Re: The fluctuation in pricing.. Post by: RoommateAgreement on May 31, 2017, 02:55:26 AM first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this.
also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy! and this can only change with time. the exchanges need to become bigger. Title: Re: The fluctuation in pricing.. Post by: CardShare on May 31, 2017, 02:58:27 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is not that volatile you are talking about bitcoin losing more than 90% of its value in less than a few hours, while there are variations in price such wild variations are not going to happen with bitcoin for the simple reason you will need hyper inflation for that to happen and that is impossible in bitcoin, other currencies have followed that path like the mark of the Wiemar republic.There is always a possibility of it crashing it can never be ruled out. I doubt it would happen in a few hours but the possibility is always there for it to drop in value. Many factors could cause this. World Wide Black outs. Sustained attack on the blockchain Even solar radiation could knock out all the computers in the world at some point and it would be bye bye all crypto! Title: Re: The fluctuation in pricing.. Post by: Pearls Before Swine on May 31, 2017, 03:24:48 AM Great point. The lack of backing from a country as a currency draws instability fears to the citizens as well. The Dollar is only stable because the US backs it and it is the widely known currency. You could put popcorn in its place, if it was US backed and widely known..than popcorn would be the currency. Eh, yeah, but if the popcorn fluctuated 50% in value within a span of weeks, it still would be a shitty currency. That's the point here. Do you want your paycheck to lose value before you can spend it? Hell no, you wouldn't. Sure, it'd be nice if the value rose, but that's certainly not a certainty. Get it?This is only one reason among many why bitcoin isn't doing so hot as real money. It's far too unstable to use for everyday things or to receive a paycheck in. I wouldn't opt to get paid in bitcoin, would you? Title: Re: The fluctuation in pricing.. Post by: Pursuer on May 31, 2017, 03:27:09 AM bitcoin is still in the adoption phase so it is bound to fluctuate like this. if you look at other markets, for example in the stocks market the Apple shares has been very similar to bitcoin's fluctuation, when these are new and people invest in them there is bound to be big rises and falls like this. but over time as the market grows, the size of these fluctuations become smaller too. you can't see the same big rises we had back in 2013 now too.
and as someone else pointed out, if a store is worried about the price they can always sell bitcoin for fiat the same day to prevent any possible loss. Title: Re: The fluctuation in pricing.. Post by: smartbitcoininvestor on May 31, 2017, 03:37:29 AM Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.
Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable. A different cryptocurrency will eventually become the new form of "money" as we know it. Just know it won't be Bitcoin - this shits even more valuable. Title: Re: The fluctuation in pricing.. Post by: pooya87 on May 31, 2017, 03:46:04 AM Bitcoin is not money. ~ secure store of value ~ then i guess we need to inform Satoshi Nakamoto and ask him why the hell was he calling bitcoin as a "digital cash" all the time and why he created it with the goal of becoming a currency! Title: Re: The fluctuation in pricing.. Post by: dimatu on May 31, 2017, 03:51:13 AM bitcoin will always fluctuate in price just as shares and other assets do, thats why all goods and services that accept bitcoin do so based on what it exchanges to in fiat terms and 99% of them then use a payment processor that exchanges it for them meaning the user pays more in fees than he would just going through an exchange himself.
Title: Re: The fluctuation in pricing.. Post by: Juggy777 on May 31, 2017, 04:00:53 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) What are you trying to write, first you put up questions on the price fluctuations, then you show it could be bad business, then again you put its good. Look op price fluctuations happens due to demand and supply. Normally all transactions are done at a fixed rate, so if there a increase or decrease no one can help it. No risk no gain. USD is not that strong any more yes, currently due to trump policies it's weak, I expect Bitcoin to be strong as usual and continue for long. Keep buying at every dip that's the only way to work out this price fall. Title: Re: The fluctuation in pricing.. Post by: alexsamudra on May 31, 2017, 04:36:36 AM It all depends on the country whose currency attracts instability concerns to its citizens. Dollar is only stable because the US supports it and this is a widely known currency.
Title: Re: The fluctuation in pricing.. Post by: tartaras on May 31, 2017, 04:39:40 AM Bitcoin being unstable and eccentric in nature are qualities of bitcoin that makes bitcoin as bitcoin. All simply need to manage it. On the off chance that the scene you expressed is a major ordeal then why not change over btc to fiat instantly after the exchange so that no esteem will be lost.
Title: Re: The fluctuation in pricing.. Post by: kuyaJ on May 31, 2017, 04:46:02 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) What are you trying to write, first you put up questions on the price fluctuations, then you show it could be bad business, then again you put its good. Look op price fluctuations happens due to demand and supply. Normally all transactions are done at a fixed rate, so if there a increase or decrease no one can help it. No risk no gain. USD is not that strong any more yes, currently due to trump policies it's weak, I expect Bitcoin to be strong as usual and continue for long. Keep buying at every dip that's the only way to work out this price fall. As we know, bitcoin's supply is limited and it is capped and demand is continuously increasing. Hence, the price of bitcoin is dependent to the demand and we can't make it stabilize due to the fact that we can't increase the supply so we can say that the price will only stabilize when the demand stabilizes which is impossible. It is part of bitcoin, price fluctuations I mean that's why we just need to live with it and make profit from it. Title: Re: The fluctuation in pricing.. Post by: MingLee on May 31, 2017, 04:52:58 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) If bitcoin ever gets to a point where it is being accepted as a "universal economic currency" there is going to be no need to price any goods in anything other than just Bitcoin, so it becomes a game of 'I can sell this to you for xBTC' and another person will say 'I can sell this to you for yBTC'. There isn't going to be any of this 1BTC here 0.8BTC there or whatever. It'll be a (semi) free market and it just comes down to what you can sell it for, no fiat required.Title: Re: The fluctuation in pricing.. Post by: CasinoRoyal.one on May 31, 2017, 05:04:56 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) You are wrong in one key ascept. Its not bad that Bitcoin is volatile, its natural occurence in fresh market. Oil or Gold is also volatile and it doesn't matter. Title: Re: The fluctuation in pricing.. Post by: Kakmakr on May 31, 2017, 05:25:36 AM Most merchants do not even feel the volatility, because they use payment processors that convert all bitcoin received into fiat immediately. They get the correct value in fiat currency as they would, if people paid with cash. So volatility in Bitcoin is a non-issue if you incorporate it correctly into your business. ^smile^
Some merchants even hodl a few bitcoins to capitalize on the upswing in the price. Title: Re: The fluctuation in pricing.. Post by: Amph on May 31, 2017, 05:41:04 AM you need the volatility to have a value increase, investors like to play with the instability of the value, somethign based on supply and demand will always be unstable
not like the fiat currency which is issued by the a central autorithy, this will eventually be solved when the adoption increase to a certain lvel, and the value will be very very high without no more margin to crash or raise big again until then what everyone is doing, is selling immediately his coin if he think he will lose money because of the instability, which is what merchants do, they don't hold Title: Re: The fluctuation in pricing.. Post by: farharhadi on May 31, 2017, 03:29:53 PM Whether bitcoin will be stable and eccentric inside is the quality of bitcoin that will make bitcoin as itself. It's okay to have someone manage it well, more than btc to get straight after the exchange so no rewards will be lost.
Title: Re: The fluctuation in pricing.. Post by: freedomno1 on May 31, 2017, 03:34:33 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) This is not an issue Bitcoin is divisible to 8 points after a decimal point, so there are no issues using that as a value system, the other view is to value goods in MBTC so that people can compare it in their minds to a more tangible number. Either way fluctuation is good as is stability people like both the growth aspect and at times the stability. Title: Re: The fluctuation in pricing.. Post by: mayax on May 31, 2017, 03:35:50 PM the question is : what exchangers are still genuine while all the chinesses ones have the withdrawals suspended since 2 months, Bitfinex have their bank account frozen, same with BTC-e ? :)
the price is fake, the most tradings are fake too. in short, the big exchangers are making the price as they want... Title: Re: The fluctuation in pricing.. Post by: squatz1 on May 31, 2017, 05:55:35 PM Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc.
So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people. Title: Re: The fluctuation in pricing.. Post by: skorupi17 on May 31, 2017, 06:18:10 PM Fluctuation on bitcoin's price has always been there and will always be there. If you remove the volatility, you remove all the fun. REAL investors does not care so much on the fluctuation of price. They may use them for analysis in order to have a good decision but since bitcoin's price is dependent on the demand and supply in the market, they have more trust in bitcoin even without looking at the price fluctuations.
Title: Re: The fluctuation in pricing.. Post by: Weatherby on May 31, 2017, 07:48:20 PM the question is : what exchangers are still genuine while all the chinesses ones have the withdrawals suspended since 2 months, Bitfinex have their bank account frozen, same with BTC-e ? :) That is not true,exchanges cannot make these prices,traders who are dealing in bitcoin and alt coin makes these prices.The withdrawal ban from the Chinese exchanges will be lifted pretty soon,we are seeing a good number of new users coming into bitcoin as well as alt coin and more investments are coming in and so is the reason we are having these prices.the price is fake, the most tradings are fake too. in short, the big exchangers are making the price as they want... Title: Re: The fluctuation in pricing.. Post by: Zenithar on May 31, 2017, 08:19:48 PM Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc. fluctuation in the price is good for those people who are good trader and investors, as they mostly invest their money in trading and from there they really make good profit. they know the right time to invest in bitcoin, i think even most of the people now depending on bitcoin for living. but in future we can expect that the price of bitcoin will become more stable and then the day trading will also give preference to bitcoin. So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people. Title: Re: The fluctuation in pricing.. Post by: BarbieCasino on June 01, 2017, 10:29:16 AM fluctuation in price of bitcoins is too good for people. they well more invest there money in bitcoins the user of bitcoins more attract toward bitcoins. there is are many reason of fluctuation in price of bitcoins the most important is demand of bitcoins.the demand of bitcoins increase then supply well decrease and then the price of bitcoins go to upward.
Title: Re: The fluctuation in pricing.. Post by: n0ne on June 01, 2017, 10:36:22 AM Fluctuations with cryptocurrency is common and majority of the users like the volatility. Only because of the volatility this generates a platform for trading aspects. If this hasn't been there, the circulation of the entire cryts around the network will be quite low as well won't be experiencing price pumps.
Title: Re: The fluctuation in pricing.. Post by: adzino on June 01, 2017, 10:50:58 AM Bitcoin is just a startup currency. Obviously it is very highly volatile since the coin is still on experimental phase and people are still experimenting with it to make better use of the coins. As time passes by the price won't be stable but will be less volatile than it is currently. Bitcoins price does fluctuate, but it isn't a huge major problem for us.
Title: Re: The fluctuation in pricing.. Post by: talkbitcoin on June 01, 2017, 11:13:12 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) i don't see anybody else mentioning this and i don't know if it is a typo or what but from 1BTC to 0.08BTC is a -92% drop and it is impossible to happen, i assure you. if you mean a smaller drop like the 20% drop or something like that then i have to say such drops are rare, they don't happen everyday. they always happen after a fast rise or a huge FUD. other times bitcoin is pretty stable. and also as it was mentioned a million times if "Stores" are worried about it they can exchange it for fiat as soon as they receive it. Title: Re: The fluctuation in pricing.. Post by: susila_bai on June 01, 2017, 11:15:39 AM Ya fluctuation of pricing is high in Bitcoin nowadays it is due to that their are so many traders who are trading and creating lot of trades and even bot is also running so the fluctuation is high.
Title: Re: The fluctuation in pricing.. Post by: itsallpc on June 21, 2017, 06:30:01 AM first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this. Yes,if the merchants think that they would suffer due to fluctuations,then they could immediately convert their bitcoins into fiat to avoid such losses.But after they had converted their bitcoins into fiat,if bitcoin price rises,they would feel a little for losing that price rise.also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy! and this can only change with time. the exchanges need to become bigger. Title: Re: The fluctuation in pricing.. Post by: Yanisumin on June 21, 2017, 07:01:47 AM The fluctuations in prices is what affecting the market, without these values we won't even be here in the first place. Traders. Miner. Developers and even the Bitcoin talk account holders are pushing cryptocurrencies into the society even if they win some or lose some because even if the prices are flactuating in the meanwhile, sooner when the cryptocurrencies are well developed enough and accepted by the society-- we might become a millionaire in the future.
Title: Re: The fluctuation in pricing.. Post by: franco123 on October 02, 2017, 09:35:27 AM This is a concept of price and demand. Yes, a lot of factors affects Bitcoin prices which includes the performance of the market. What makes Bitcoin different from the other investments is that it is part of the development of technology. We are entering the digital time of generation and it makes easier to invest and trade in Bitcoin. And we should take note that the market is also affected in Bitcoin. Bitcoin has a big value now that it affects the economy now.
Title: Re: The fluctuation in pricing.. Post by: iv4n on October 02, 2017, 09:45:17 AM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) i don't see anybody else mentioning this and i don't know if it is a typo or what but from 1BTC to 0.08BTC is a -92% drop and it is impossible to happen, i assure you. if you mean a smaller drop like the 20% drop or something like that then i have to say such drops are rare, they don't happen everyday. they always happen after a fast rise or a huge FUD. other times bitcoin is pretty stable. and also as it was mentioned a million times if "Stores" are worried about it they can exchange it for fiat as soon as they receive it. [/quotIn One more FUD, but this newbie don't know recent history. Some houses, cars, pizzas are sold for some amount of bitcoin, in moment of buying that amount of bitcoins had one price, now that bitcoins worth much more then before, who made a mistake here, people who sold their goods for 1000 bitcoins (in some moment that was 500000 dollars) and now this bitcoins worth 8 times more, and in some cases much more, someone bwas selling pizzas for 10000 bitcoins, can you even calculate how much that bitcoins worth now? In future bitcoins will worth more then now, merchants profit now and they will make more more profit in future if they hold at least one part of bitcoins they earn trough selling their goods for bitcoin. That is win win situation, and that's why bitcoin will be more popular among merchants. Title: Re: The fluctuation in pricing.. Post by: sindikat on October 02, 2017, 09:58:01 AM first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this. Yes,if the merchants think that they would suffer due to fluctuations,then they could immediately convert their bitcoins into fiat to avoid such losses.But after they had converted their bitcoins into fiat,if bitcoin price rises,they would feel a little for losing that price rise.also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy! and this can only change with time. the exchanges need to become bigger. Title: Re: The fluctuation in pricing.. Post by: beerlover on October 03, 2017, 03:27:09 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) The same way the value can drop is the same way the value can increase. As much as we know the volatility is high, it does not mean it cannot be used. Later on, it will always amount to something. You sell stuff at a higher value, tomorrow, the value comes down and you sell stuff again, the increase in value eventually will still make you earn even more after a while. However, there are some platforms for merchants like bitpay that can easily convert the merchant's currency straight to fiat. Title: Re: The fluctuation in pricing.. Post by: amaral1977 on October 03, 2017, 03:34:46 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Volatility is very normal for an asset such as BTC. However if we want to see a crypto currency become widespread used as an evryday payment form for small transations a nd small businesses it as to achieve several goals: being fungible, having price stability, and having cheap and fast transactions.Looking at our current fiat bils... you don´t really want to use red marked bills that came out from an ATM robbery (fungibility), you dont want someone to ask you for a great deal of money just to accepto your bill, you dont want your bill to come by bicicle form china to portugal, and you dont want your bill to be worthless in the morning ( that is what happens when counties cant stabilize there currencies like in venezuela right now) Title: Re: The fluctuation in pricing.. Post by: jmigdlc99 on October 03, 2017, 03:46:12 PM Thats a good point for discussion. Been interesting to read the replies but in my opinion the price volatility is a temporary effect. I believe that once bitcoin gains more adoption the price will become more stable and viable as an actual currency everyone can use for daily transactions because when everyone needs bitcoin and everyone is buying and selling at the same time, there shouldn't be much chance for its value to fluctuate as much as it does today. Just my 2 satoshi.
Title: Re: The fluctuation in pricing.. Post by: coinplus on October 04, 2017, 08:04:52 AM Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc. Yes, and even gold has dropped in value before being an asset. So, I do not know why people are always just picking on bitcoin's volatility as if all hell has broken loose. Bitcoin has proved itself to be more of a valuable asset with better functions than even gold and any other store of value as far as I am concerned. So, volatility or not, bubble or not, all hail the king of crypto!Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable. A different cryptocurrency will eventually become the new form of "money" as we know it. Just know it won't be Bitcoin - this shits even more valuable. Title: Re: The fluctuation in pricing.. Post by: rickadone on October 05, 2017, 05:33:02 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is not that volatile you are talking about bitcoin losing more than 90% of its value in less than a few hours, while there are variations in price such wild variations are not going to happen with bitcoin for the simple reason you will need hyper inflation for that to happen and that is impossible in bitcoin, other currencies have followed that path like the mark of the Wiemar republic.There is always a possibility of it crashing it can never be ruled out. I doubt it would happen in a few hours but the possibility is always there for it to drop in value. Many factors could cause this. World Wide Black outs. Sustained attack on the blockchain Even solar radiation could knock out all the computers in the world at some point and it would be bye bye all crypto! Sustained attack on the blockchain may be possible but not like the devs are stupid. Ok! let me just stop it there, let us just hope for the best than imagining things that could possibly not occur. Title: Re: The fluctuation in pricing.. Post by: Gozie51 on October 05, 2017, 06:13:46 PM On my view I don't see anything wrong with the fluctuation. People are bothered because it is bitcoin or cryptos. If we have witnessed the forex market platform, we could also see the fluctuation too if not more than that of bitcoin. There are numbers of volatile pairs in forex market like, GBP/JPY, GBP/USD .these pairs are more volatile compared to other pairs in my view. So is nothing new, the difference is just that bitcoin is valuable in terms of exchange.
Title: Re: The fluctuation in pricing.. Post by: bitbunnny on October 05, 2017, 06:22:47 PM Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.
Title: Re: The fluctuation in pricing.. Post by: usorin on October 05, 2017, 06:28:35 PM Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason. Bitcoin is volatile also because out there are some guys with a lot of btc, like in real life, there are a few people who ones more then a half of the money in the market and they cand influence the evolution of the market. In conclusion, yes it is volatile but nobody puts the problem right, the market manipulation from the owners of hundred, perhaps thousands of bitcoins. Imagine what power they have on exchanges and so on. Who has the money it has the power, as long as there are also some wisdom in it.Title: Re: The fluctuation in pricing.. Post by: maxamus on October 05, 2017, 06:38:09 PM Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason. Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling. Title: Re: The fluctuation in pricing.. Post by: jekjekman on October 05, 2017, 06:43:38 PM Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc. Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable. A different cryptocurrency will eventually become the new form of "money" as we know it. Just know it won't be Bitcoin - this shits even more valuable. 'Bitcoin is not money' really? Bitcoin is a digital currency and it is a form of money digitally. I agree to the much secure store of value if you really secured it by yourself with doing all the necessary things in securing it. Bitcoin I think is far from Gold as it is a digital currency that is tangible and the main purpose is to serve as a money to buy and sell things through the virtual world, Gold is valuable because since the first civilizations of people they look it as a wonderful piece of mineral that satisfy their naked eyes and that for me is very far comparison with Bitcoin. You know nothing in the future and even me knows nothing in the future, you don't have a proof that will back up your claim that there is a cryptocurrency that will take place Bitcoin, it is just a conspiracy. Title: Re: The fluctuation in pricing.. Post by: Mustion on October 05, 2017, 06:51:04 PM Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc. Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable. A different cryptocurrency will eventually become the new form of "money" as we know it. Just know it won't be Bitcoin - this shits even more valuable. 'Bitcoin is not money' really? Bitcoin is a digital currency and it is a form of money digitally. I agree to the much secure store of value if you really secured it by yourself with doing all the necessary things in securing it. Bitcoin I think is far from Gold as it is a digital currency that is tangible and the main purpose is to serve as a money to buy and sell things through the virtual world, Gold is valuable because since the first civilizations of people they look it as a wonderful piece of mineral that satisfy their naked eyes and that for me is very far comparison with Bitcoin. You know nothing in the future and even me knows nothing in the future, you don't have a proof that will back up your claim that there is a cryptocurrency that will take place Bitcoin, it is just a conspiracy. Title: Re: The fluctuation in pricing.. Post by: AngelSky on October 05, 2017, 06:58:24 PM Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason. Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling. Yes ,the price of bitcoin is keeps on increasing in price.Now the price of the bitcoin is around the value of 4300$.Soon it will reach the value of 5000$.At this month end itself this will happen so.If that happen means,many long term bitcoin holder will have very much profit.So can check after this October. Title: Re: The fluctuation in pricing.. Post by: Lanatsa on October 05, 2017, 07:02:05 PM Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason. Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling. Yes ,the price of bitcoin is keeps on increasing in price.Now the price of the bitcoin is around the value of 4300$.Soon it will reach the value of 5000$.At this month end itself this will happen so.If that happen means,many long term bitcoin holder will have very much profit.So can check after this October. Title: Re: The fluctuation in pricing.. Post by: allohha on October 05, 2017, 07:02:14 PM Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors. Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX). Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time (See the Investopedia Bitcoin Center for current updates on the price of bitcoin). Generally Bitcoin today shows a stable price with a small percentage of fluctuations and I think that this is a good indicator. In order to continue, even before the end of the year, we saw a new maximum of the price increase for Bitcoin.Title: Re: The fluctuation in pricing.. Post by: BUK2016 on October 05, 2017, 07:03:46 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) The volatility of bitcoin has both positive and negative effects. If the value of bitcoin increase within the same period of time that the store hold their One bitcoin they can equally make huge profit at the end. Bitcoin is volatile at the moment because the demand is so high as compare to the supply. Title: Re: The fluctuation in pricing.. Post by: omonuyak on October 05, 2017, 07:08:43 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is still at the early stages and we need all the price fluctuations in other for the assets to look attractive to investors. Many people what to take advantage of price fluctuations in other to make profit several times and by doing this taking advantage of the early stages cryptocurrency development. You may lose money like others in bitcoin investment but that do not mean many investors are not taking advantage of price fluctuations to make alot of profit.Title: Re: The fluctuation in pricing.. Post by: Akash1243 on October 05, 2017, 11:34:02 PM Bitcoins are relatively new and first of its kind also that its still in developing stage and bitcoins market is highly unstable or volatile as there us no one to regulate it i think.But this volatile nature is one of the main reason why bitcoins are famous as its price can reach new heights fast, most if the people follows one plan that is buy low sell high to make profit.As the price fluctuates a lot sometimes there are drops too that time many people tries to buy bitcoins as they know that bitcoins surely will go up and ends with makes profits.
Title: Re: The fluctuation in pricing.. Post by: Yatsan on October 05, 2017, 11:39:10 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) Bitcoin is still at the early stages and we need all the price fluctuations in other for the assets to look attractive to investors. Many people what to take advantage of price fluctuations in other to make profit several times and by doing this taking advantage of the early stages cryptocurrency development. You may lose money like others in bitcoin investment but that do not mean many investors are not taking advantage of price fluctuations to make alot of profit.Title: Re: The fluctuation in pricing.. Post by: Kingofbitcoin12345 on October 05, 2017, 11:40:07 PM is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old :) I don’t think this issue is the reason why bitcoin is still not recognized as such.. Unstable price of bitcoin is one reason why we’re earning the faster than any item on stock market.. The only reason I see is that our financial system and institutions may collapse if bitcoin be recognized and be treated like gold and dollars.. They will leave this investments and all will be going for bitcoin.. Title: Re: The fluctuation in pricing.. Post by: Osarman on October 06, 2017, 01:14:46 PM Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc. Yes of course! Cause without the fluctuations, there is nothing we would have been trading on crypto anyway. Even normal currencies fluctuate, hence that is how forex trading exists. So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people. We just really hope that a time will come that with a high level of adoption, most of us here won't even have to be worried about the little bit drops in the value of bitcoin. Title: Re: The fluctuation in pricing.. Post by: fiulpro on October 06, 2017, 01:58:42 PM :D
Hello please remember some points 1. Without fluctuations you won't even have an interest in Bitcoins, this is what makes people invest. The fact that its a cryptocurrency does mean its not a fiat ! If it was supposed to be one it would have been, its beat at what it is. 2. Fluctuations are also very common in your common currency but ! * They are not as frequent and at that level of bitcoins* , but yes ever currency gets fluctuated according to the economic growth of that country, that can be both positive or detremintal. 3. If its a fiat, might as well we buy dollars then because then everything will remain the same . Thus we should stop comparing bitcoins with fiat . Title: Re: The fluctuation in pricing.. Post by: aardvark15 on October 06, 2017, 02:11:10 PM :D Hello please remember some points 1. Without fluctuations you won't even have an interest in Bitcoins, this is what makes people invest. The fact that its a cryptocurrency does mean its not a fiat ! If it was supposed to be one it would have been, its beat at what it is. 2. Fluctuations are also very common in your common currency but ! * They are not as frequent and at that level of bitcoins* , but yes ever currency gets fluctuated according to the economic growth of that country, that can be both positive or detremintal. 3. If its a fiat, might as well we buy dollars then because then everything will remain the same . Thus we should stop comparing bitcoins with fiat . I see the Bitcoin price fluctuations in two ways: 1) It is similar to the stock market where stocks are constantly fluctuating in price due to various factors such as recent news, earnings, profits, supply, and demand. Stocks and cryptocurrencies are subject to the free market rather than run by a government. 2) Trading would not be possible without fluctuation in price. If you buy low and sell high, every drop is a buying opportunity and every rise is a selling opportunity. |