Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's Value is volatile due to its decentralized structure that is why an irregular rising and falling of its value is felt frequently. Though its status so irregular, it seems that it's current status is going all the way up which makes it more recognizable now a days. Exactly. When one currency is decentralized then there is no check and balance from one supreme power about what is going on. Like our local currencies, there are regulating by the National banks and governments, that is why we have a stable price in business in our country. Bitcoin have decentralization and that makes it more volatile because of randomness. |
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I think it's not necessary when all the bank account information is completely transparent and legal. They should not be used by Bitcoin, the engagement activities will be more and more
No I think it is not possible. The banks have their own role in the communities and many people have many benefits from the banks. On the other hand bitcoin is just a digital currency and many people do not believe bitcoin because it has no physical existence. Therefore I think that it is not possible that all the banks will be eliminated due to the widely use of bitcoin. Banks have their own features. |
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
Ohh! my friend, this topic is more sensitive than it seems on the surface. The community is divided on this.. and this is one of the causes of the Segwit2x debate.. It was created with the use case of being able to retain the value of an investment to tackle deflation that currently affects the fiat. It currently serves as an asset to most but there is a growing demand for Bitcoin to be used as an active currency. But at present if that were true if would be weird if the price of a gallon of milk fluctuates like every day in line with the market value of BTC even weirder if the milk cost you different price everyday. Owing to its limited supply I thing it would better serve as an asset. and would benefit the owners more.. I'm with the CORE team on this one. In my opinion bitcoin is both as asset and the currency. Because bitcoin is a usable money. People can use their bitcoins anywhere in the world to buy anything they want and can pay in bitcoins. Therefore it is a currency. On the other part bitcoin is also an asset because the investors have made lots of money through bitcoin and their investment is their assets because bitcoin is also a digital coin business. |
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But mining is problematic. You won't mine forever or until 2146 with the same mining equipment, the difficult is constantly increasing, also there are extra costs if you are mining physically, on the cloud it becomes worse as the ROI takes too much time to happen or it may never happen.
Let's say with $5000 I buy 1 Bitcoin. But with the same $5000 investment in mining I'm not able to get 1 Bitcoin from it.
Dear mrcash02, Indeed you are right to say that mining is problematic - and that is why we leave our rigs at the farm in Iceland to be looked after and maintained 24/7 by on-site technicians. I am a technical person, and even then there are benefits when you have people who do this for a living look after some 20,000+ AntMiners all at the same time. At BCN, we understand the need to upgrade hardware along the way in order to remain relevant and ahead of the game, and over the years since 2014, we have upgraded a few times. We started with the S3, and over the years moved up to the S4, S5, S7 and currently the S9. On one year, we had to upgrade twice. Some of the AntMiner S5 (now just an expensive paperweight) we used from 2 years ago which we did not dispose off were given to members as souvenirs in the last visit to Iceland in June this year, which you can see at http://www.coinpurveyor.com/benefits-of-joining-bitclub-network/. The upgrades were all done without new capital reinjection from members, because of a repurchase mechanism within the platform programme. Members are required to put aside a portion of their daily earnings (varying from 30% to 100%) to account for this, and as a result, your repurchases will accumulate partial shares in little increments that will allow you to mine for an indefinite period of time past the 1,000-day contract period, until it becomes no longer profitable to mine. Mining difficulty is a relative term, and with a large pool like BCN, we are not affected by it as much as say an individual miner. As members join the platform with Founder Pools, more machines are added to bump up the hashrate to put us at top positions on the hashrate distribution chart - that's the advantage of a crowdfunded setup like BCN. See http://www.coinpurveyor.com/bitclub-network-one-worlds-largest-bitcoin-mining-pools/. People mistakenly think we're a cloud mining site, but we're actually running our own private pool which is mining exclusively for members using only members's mining hardware. Our hashrate is derived solely from our own hardware and not from external mining hardware sources pointing in, and that's how the operation is kept profitable for members. So, to quote your $5,000 investment figure to buy bitcoin instead of mining, allow me to share with you some figures from my own mining earnings with BCN. My initial investment with BCN was actually $4,800 at the start of this year, and I have since bought more pools once I saw and understood how the mining payouts work. But let's just consider my first $4,800 investment (to tally closely with your $5,000 figure), which consists of a large pool and 2 smaller pools. As of today after 9+ months of mining, the total earnings from mining alone are (USD figure in bracket based on 1 BTC = US$5,700 today at time of writing): 1.32854 + 0.19804 + 0.19797 = 1.72455 BTC (US$9.829.94) After deducting my repurchases, which I have set at a moderate level on average, and even at 100% for some time earlier this year, the net mining earnings from these 3 pools are: 0.79289 + 0.07378 + 0.07401 = 0.94068 BTC (US$5,361.88) So yes, to put it in perspective, you would be able to get 1 BTC eventually with a $5,000 investment in mining. You would just have to join a large mining pool like BCN to achieve that, not mining on your own. The figures above tally with my projections given at http://www.coinpurveyor.com/buy-hold-vs-mining-bitcoin/. I can choose to set the repurchase at 0% and still earn 1.72455 BTC (US$9.829.94) if I want to, but in that case, mining for my contracts will end after 1,000 days. So you could say I could throttle my mining earnings in 9 months to be anywhere between 0.94 BTC (mining for indefinite period) to 1.72 BTC (for 1,000-day mining). Either way, these 3 pools have reached ROI in under 9 months. All this is done without having to do anything - no selling, no recruitment etc. Just sitting back and letting the daily earnings roll in. Referral commissions (which are derived from hardware sales) are counted separately, and is an incentive for members who put in the extra effort to bring in new members (read: to increase BCN's overall hashrate). The mechanisms are there to ensure those who work hard are well-compensated for their efforts (which is fair), but even the "lazy" ones who don't lift a finger will earn the figures I have shown above as a minimum for doing nothing. My wife is one such person, and her account has earned over one-third of her initial investment in the last 108 days of mining. And true that we will not mine forever or even until 2140...and we may not even be mining in the next 20 years, let alone 123 years, but as miners, what we're interested in is the daily yield that comes from mining, and even if we were to mine for another 3 to 5 years, it would already be very profitable. Most of us who mine are usually believers of bitcoin, and we don't usually touch or sell off the yield until far ahead in the future when bitcoin hits a certain price. The figures above are quoted based on the current price of bitcoin, and even if I were to assume a non-linear earning with a total of just 2 BTC by the end of 2018, and speculate that 1 BTC = US$10,000 by that time, that's $20,000 over my initial investment of US$4,800...and the important thing is, mining will still continue beyond that. Looking at such projections, I am inclined to believe that mining is still a viable option as an investment. Accumulating multiple bitcoins over time to me seems to be a better proposition than just buying and holding one, for the same price of $5,000. And if you owned only one BTC and sold that off next year, you will not have any in your possession to sell off in 5 years when let's say bitcoin gets to $25,000. In mining, you will always be generating new bitcoins to be sold at any time in the future whenever the price is right. On top of that, you get to feel good that you're helping to validate transaction blocks and to secure the bitcoin network with your mining hardware - an active participant in the whole bitcoin economy instead of a passive one. Of course, it is also always good to hold some bitcoin as a fundamental investment and I usually encourage people to do so, but if you have "a few spare change" over that, mining is a good way to diversify a little. A Founder Pool costs only US$3,500 + US$99, which is only about 0.63 BTC at today's rate. Anyone who has a few BTC (e.g. 3 BTC) in his possession could look at spending just 0.63 BTC to get into mining with his own hardware, and keep the remainder (2.36 BTC) as fundamental holdings. That 0.63 BTC could just very well turn into 2 BTC over the next few years, bringing the new total holdings to 4.36 BTC. Continue mining for another few more years and you could double that original 3 BTC you have into 6 BTC. Anyone who is interested to join the pool can follow the steps here at http://www.coinpurveyor.com/join-a-bitcoin-mining-pool/. Yes mining is problematic in nature as mining requires a constant supply of electricity which are very costly as well a powerful CPU and a GPU are also needed for this purpose as compare to bit coin trading and investment as it is not so problematic in nature it requires no such formalities just invest your capital and get the profit and loss. |
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That's a good idea to do both and good thing that you are aware about your monthly income. Having a job and trading is a good combination. While having fixed income per month at the same time you do trading in Bitcoin as another source of income. You can put some of your salary like 10% or more to buy Bitcoin and make it grow. But as of now, the price is high so you have to wait a bit to get this price lower.
I try to focus entirely on trading, this is true because it gives a bigger income impact, our mind will not be split because the job also needs a high focus, I decided to resign and try to be an active trader, my choice is not wrong because humans can not be an expert if not fully concentrated. This will be great but it needs your most attention. Everything that have much big profits comes with that much risks. Although you have to digest this risk factor when you are in business still there must be a choice for lesser risky option. If you finalize your decision, then go ahead. But think again, this trading will need so much attention when you are only doing this for your living. |
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governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
I agree, governments are wise when it comes to money that’s why even thou cryto currency keeps on upgrading still paper money cannot be replaced easily. Many people likes to have their money right on their hands but still it safer if it is not. It is not that easy for the governments to accept bitcoin. And why they are not legalizing it? Reason is only one, the decentralization of bitcoin. They don’t want to lose control of the currency that works in their country still they can’t handle it themselves. So they will not on the side of making it legal, hence the paper money would keep a better value everywhere in world. |
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Bitcoin Cash hodlers are mad because btc is over $6k...
You're screwed
I kept my Bitcoin Cash because it's peanuts compared to Bitcoin anyways. But I would never ever think of buying any. I kept mine too and never think of selling it not because I am a fun of BCH but because its a free money so might as well if it really going to more valuable in the future. I just don't think it's worth the effort of backing up my wallet and forking it... If it increases its value by a lot in a few years I will think about it again. Where is the source of Bitcoin Cash? That is the original Bitcoin - Bitcoin at present. So, if an altcoin clonned from the original Bitcoin can has high price in someday, do you think it is really easily to create more Bitcoin like Bitcoin Cash and receive a huge profits for anyone? Think it again and consider my words. The reason Bitcoin Cash had an initially high value was because most people didn't know how to fork and sell their coins and because it was heavily shilled on Bitcoin.com and other sites. So while some people could still try to profit off of forks, it will probably become less and less successful with every try. At least until Bitcoin Miners shoot themselves in the foot with their policies. That could be right. After pepople start selling, the Bitcoin Cash price has gone lower. Same thing will happen to Bitcoin Gold, but much faster because nobody really cares about it and much more people moved into Bitcoin this time to get some. It seems you are mistaken, I remember the price of Bitcoin Cash just dumped at first time after listed on Bittrex change. Then, after few hours, the price of Bitcoin has pumped from bottom price ~0.01 BTC or 0.003 BTC (depends on the rates of exchange) to 0.1 BTC. Did not stop there, it cotinue to increased to 0.4 BTC and this is the highest price of Bitcoin Cash (after 3 days listed on Bittrex exchange). Bitcoin cash at the cost of bitcoin is even a greater mistake than not investing in bitcoin. It will become a pain after few months when bitcoin will cross 10k dollars. IF ever bitcoin cash had any capabilities or even a slight chance of surpassing or becoming equal to bitcoin, I would have definitely supported BCH but the reality is it does not worth anything. It is not even among the top altcoins and people don’ trust it very much. |
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theres a two person with openminded people. in that time that they have upcoming fork theres a people who want bitcoingold then they buy bitcoin. in other thinking of people they invest in altcoins that mark down there price and wait to rise it again. they buy bitcoin if want a bitcoingold but they sell it in investing in altcoins.
it depends on the person on what is the amount that he can afford to buy or maybe to loose sometimes btc is to risky if you buy it in a high price because you dont own the price of btc it can change anytime .that is why it is really risky yet profitable because if you dont loose you can gain. Thats how it really goes its just like gambling. It risky but not that much. Even if you have bought bitcoin at high prices, there are always chances of big pumps after little dumps. You just need to keep your bitcoin in wallet when the prices are going down rather getting panicked and selling bitcoin off at low prices. This is the only possible way of going in loss with bitcoin when the whole world is becoming millionaire just by holding bitcoin. |
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When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?
I think so because most of the time sucessful business comes from small capital.They are proud of the effort they give just to meet successful business in their life.Small investment makes them to pusue their self to do hard work to succeed. Yes, that's the real fact. When a small investment is made to generate business the effort we make is big and the same keep us active and much involved. With large scale investment on business completely differs, because each and everything gets allocated with certain amount and respective duties. This shows the power of money than the effort and upon this small investment serve as the base for further growth to reach next levels. I am also in favor of making small investments in business in the beginning. Small investments are great for testing your strategies of business and making new ones according to the requirement of market. If you make large investments in the very beginning, you are going to lose money in great amount. Even if you want to go for gambling, small investments are great for enjoying the game and making some money as well. |
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Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.
if your are planning for your future then bitcoin is a good investment because you need time to make profit from it. investing in bitcoin always have high risk so do not invest what you cannot afford to lose. At present, if we make a comparison of bitcoin with any other way of investment, then I am very much sure that it will be bitcoin who will be the best way of investment. The way bitcoin market’s price is increasing and the way it is helping its investors to earn a very good amount of money, I am very much convinced that bitcoin can change the lives of all of us. We only need to believe in bitcoin. |
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I will see the potential of the coin, if I feel sure the coin has the potential, better I wait for the price bounces rather than cut lose, but if the price is difficult to increase in a long time, it's better I sell it and move to another coin who have great potential to recover my losses.
- Yeah, keep calm, analyze and look at the potential of the coin, this is what we need to do to determine the method of dealing with loss, however, I see many people never do that, most of them panicked and immediately cut losses, they can not overcome the fear of losing. If we do not have the calm and do not analyze the problem, we will make the wrong decision and we will regret when prices rise again. Trading is a psychological game, if our psychology fluctuates, failure will find us, loss is only part of the game, we should get used to it, do not let it make us panic No one can run from failure forever. If not today then tomorrow we are going to bump into it. I think we must not fear it. Whenever we feel nervous about any matter, standing up and eating that nerve will clear out that problem. Once there is no fear, then developing patience would become easier. Every wrong move is done in the some sort of emotional state and that is why calmness is nothing less than a god gift. |
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as far as i am concerned, trading is not gambling . It is true that the risks and the possibilities of winning are similar, that you might get rich if everything goes okay as you can in one second lose everything , but trading is a job , it doesn’t depend on just luck and you have to work hard for it. the difference between trading and gambling is both the amount of effort and investment put into trading.
Risk and possibilities on trading and gambling isnt really similar at all but they are both ways on earning money but the risk level factor isnt really the same.Trading would only be just considered as gambling if you dont have knowledge on doing it and yes gambling would really rely on luck which on trading it doesnt since skills would really matter on this one. Gambling cannot be learnt while trading can be and risk is involved in every profession or game. Both are poles apart in their nature. Indeed both involve risk and depend upon future predictions but a trading expert can beat his difficulties by communication or rather persuading skills. This is what trading is all about, buy stuff in low price, sell in high while gambling is putting money on the machine or some other player. |
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this could happen if the bank does not want to cooperate or receive bitcoin as a valuable digital currency because the banks have to work together with bitcoin so as not to be eliminated. That is actually very right. If banks will try to stand against digital currencies then I am afraid about their existence in the future. If I have to be honest, digital currencies will take some time rather good number of years to cover whole world but once that happen, either we will not have any banks or all of them will be dealing in bitcoin and altcoins. Ripple is being supported highly by banks. Jamie has badmouthed bitcoin but JP Morgan is trading bitcoin. |
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If Bitcoin is used as an investment, it is now good to buy Bitcoin because i believe the price will go up in the future. Although there is a negative news about Bitcoin the price will go down temporarily but will rise again because the enthusiasm of the world community is very high with the technology that Bitcoin has. Day by day, month by month the more people who want to have Bitcoin and use their technology for other business model.
If someone has a lot of savings and he is thinking of investment then it is time to buy bitcoin because the price is growing day by day and if someone has bitcoin and needs the money then he can sell his bitcoin and can overcome his needs. It is not all about the price that if someone bought bitcoin some years ago now he should sell his bitcoin and if someone think that the price is getting low he goes to them out. It is all about the investment for the future purposes. |
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That's one huge problem when you become more mainstream. No one gives a shit about what bitcoins are about, they just want to profit in terms of fiat. It's so wacko I can't even believe there are still people out there that will blindly follow whatever their governments do. It's a joke. Everyone needs bitcoins or something similar. If you don't realize it yet you'll be way behind.
well, and I do not think the government can stop it. even more so if a lot of people are dependent on bitcoin. I mean that their main income comes from bitcoin. well, even if the government makes it illegal, very many people are still looking for it. especially if the government makes illegal bitcoin for no reason. I agree with you that a government can ban bitcoin in his country but cannot stop survival of bitcoin in somewhere because bitcoin is not in control of someone government or person and due to this nature people like bitcoin very much so don’t worry about bitcoin because it cannot be stopped by someone government or country in the world and keep continue smoothly business in bitcoin. |
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Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
Bitcoin is expecting to go High in coming days maybe months or Year but soon its value will rise and many veterans in cryptocurrency did agreed to it, so it is neve too late to invest in bitcoin, invest and invest now also you can do the trading if you want some faster profit but the risk is there. But for me Invest in bitcoin! Don’t be confused and keep continue buying bitcoin at any time. I think after 2017 the question will still be here that we are too late and that time we would be really late because that time we would not be able to buy bitcoin with the most highest price so I suggest that now it is not too late and we should have to buy bitcoin for our safe future. |
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We want to be rich justbecause of creed and greed,all of us wants the most precious things in life specially material things but always remember that money cant buy anything in the world
Yes you are right that all things in this world cannot be buy with money like, emotions, love, care and respect. But you will also agree that most of the things today need money and without money you cannot overcome those things. For instance if you need house, car, higher education and a sound regular business you will need money and for earnings money you should buy bitcoin today. |
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I know a lot of people have different reason why the love and embrace bitcoin.
For me the decentralized nature of bitcoin and the thought of being able to send coins to anybody in any part of the word, no third party, no regulation(specific amount), no bullshit is mind blowing.
Personally, I like its blockchain technology. It's very deep that I could not fully grasp it. Secondly of course, I like the way bitcoin's price goeas up for you can hold bitcoins bow and earn big time tomorrow. Thirdly, yes it's decentralized, you easily send bitcoin all over the world. And last but not the least, bitcoin is freedom. A way to financial freesom! Like most of my fellows here, the thing that attracts me the most about bitcoins is its potential of rising up. It is a quick way to earn grand profits. Other than that, I also love the way it is reducing unemployment and providing us an easy earning way. How can I stop myself from admiring one more feature? Nobody can really interfere in our transactions or peep into our wallets. |
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I think another reason to invest in bitcoin is the power of the brand. This is more of a reason to invest in bitcoin versus other cryptos.
Google was not the first search engine but, at some point, it became the number one in the world and some people say that that could happen to bitcoin. I think it is unlikely that will happen because it is open-source and whatever advantages other coins might have can be implemented into bitcoin. It can lose some market due to competitors but action can be taken and bitcoin has the most powerful brand, like Coca-Cola.
This is correct, if you were to ask around for the name of a coin to random people in the street that know nothing about crypto, I will say that most will not be able to name a coin, but for those that can, most of the time they are going to say bitcoin which show to us the advantage that bitcoin has over all the other altcoins in the world. This clearly shows how much popular bitcoin is. The popularity graph of bitcoin is continuously rising and it could be easily observed from the number of users increased in the last couple of months. Bitcoin is the leader of digital currencies and the amazing increase in its values has surprised all economist around the globe. We need to keep buying bitcoin if we want a luxurious future. |
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There is a big chance that bitcoin benefit will be shut to zero in a handful of a long time. There will be other big crypto currencies but not bitcoin.
You are living in some other world or are in habit of day dreaming. Dude we all know the real potentials of the bitcoin and the market size of bitcoin is far more than that of any other crypto currency. I don’t think so there will be any issue faced by people by using world most popular currency. Bitcoin are the kings of the crypto market and will be forever. Yes you right bitcoin is a king of crypto and anyone want to use this popular currency people need to learn about bitcoin and they need bitcoin now this time bitcoin is too much popular. This all depends on the education and skillset of the youngsters. If they have some other permanent job, then they should take this bitcoin as their secondary mean of making money. On the other hand, if they are not having any kind of job then bitcoin is the best way of making a very good amount of money. They should put in their best efforts in that case. That is true but we are the ones who are supposed to teach them the required skills. It is our responsibility to introduce bitcoin and other crypto coins to them. Nobody can know about anything is it is not revealed to it. Whether they are rich or mediocre, bitcoin earning is a must because it is not only a good income source but the future of money also. The earlier youngster discover about it, the better it will be for them. |
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