Bitcoin Forum

Some people have a view that Bitcoin earning can be done without any physical efforts but what would be it's source ? Does anyone have any proper knowledge why the Bitcoin rate have fallen down.
Why Bitcoin rate doesn't remain stable like any other currency?

First of all, no one knows for sure. But here are a few reasons. many miners sell most of the block reward to recoup the cost of mining, for bitcoin's price to remain constant, these new BTC have to be absorbed 'bought' by market participants. And Not sure that the price of bitcoin actually dropped now.

Why people are asking these questions only if the price fall a bit? This correction is too small comparing to the rising rate this last month.

right now people invest in bitcoin just like investing in gold. you can see it as a stock. stock is unpredictable. it depends on a lot of reasons mostly peoples interest in the value.

you tell me, wich cryptocurrency have stable price all the time, there's none. And all cryptocurrency based from demand though.

Some of the core reasons are that bitcoin has a relatively low supply and it is most sort for by crypto investors for various transactions, so the economic theory of demand and supply is applicable here.

Holding or not releasing it is also another factor especially when fork is expected.

I sometimes get confused why people, especially those having advanced membership kept on asking this "future stereotype questions." I mean they already know that bitcoin is remarkable in the sense that it has a very unpredictable nature. It's volatile in value and can go up or down, any moment of any moment. Therefore, when it will fall down or if it will continue to improve can only be assumed based on passed market trends, but knowing that information with certainty can't be determined by everyone, even the best and seasoned crypto users.

Hello! The price did not fall, just simply fell back slightly before next jump. I think that we will see seriously correction just after all forks..But next 2 week we probably will see 20k $ per bitcoin. I even don't doubt! it is abnormal and dangerous situation for market , but it is going on.

It falls down maybe because most of the investor start selling their bitcoin. When they do sell their bitcoin stocks of bitcoin increased and the making bitcoin price less cheaper. It is solely due to echange of stock that bitcoin drops and rise in time. Remember that bitcoin has no material substance to start with so with all the hype it is all our money that is circulating the market which makes it less predictable but can be monitored from time to time.

It being unstable is one of its key features. Many people actually risk some of their savings in investing in bitcoins because of the fact that it can increase and skyrocket in value like what's happening now. Although it would be a strong blow if it falls in a glance, many people who are investing or trading with bitcoins right now are betting on fact that it has really shown a lot of good and positive movements throughout the last few months that drove it's price point higher and higher. I think if this will continue, the worst to happen is for it to reach some stable point where it would retain its value for a while.

My understanding when the price of bitcoin is falling down is that many are taking their profits and simply selling out their bitcoins, it's not a number of people. It can be someone or a group but it's a matter of the number of bitcoins he/she/they are selling. Bitcoin is stable in a way that there's a big community of it, different countries are supporting and it's the original.

Bitcoin market always fluctuations.so don't worry in this matter.now falling some hours or days later again increas.so don't afraid.

The reason I think you had a fall in bitcoin is that the price of bitcoin is now below mining cost for a lot of mines.  Once you have mines close down, they tend to unload their stored bitcoin, which causes a chain reaction. That chain reaction is over and prices have stablized.

the fluctuations bitcoin price is a normal thing, because the price of pure Bitcoin is determined by the market, there is no financial institution that plays a role to determine the price Bitcoin like fiat currency

Simply because Bitcoin is not like any other currency :p
Besides bitcoin is still in its first stages so it is normal to be unstable.
Bitcoin price is directly affected by users using it (it is all about trust).

My main take here is that it may be unstable due to these two things (please note that these are just my thoughts):

• It is being traded 24/7, 365 days
• It can be traded by anyone anywhere in the world without any government intervention regarding its price fluctuanion

Because of those that I sited above, the price of it becomes very volatile and can be very unpredictable. This always happen within a very huge community with different perspective on what is its true value. One can believe that its value is so much higher than its price right now and vice versa.

Bitcoin isn't in its first stage anymore, we're already past that point. In terms of stages, it can be seen as the second stage where right now Bitcoin is being jumped on by the average people, and this process will take a good few years.

I however don't see it being a matter of trust in this case. It at this point looks more like people blindly jumping into Bitcoin because it's all over the news, and where even your neighbours are talking about it.

It will take some time before people actually start caring about Bitcoin's technical aspects rather than just their greed. I at least am happy that fresh money is entering, because that's the most important aspect for growth.