meganburke (OP)
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:06:36 PM |
|
Bitcoin is an emerging digital currency. The demand and supply of bitcoin is changing in every second. So the bitcoin value is volatile more than other currency.
|
|
|
|
Xialla
Legendary
Offline
Activity: 1036
Merit: 1001
/dev/null
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:09:24 PM |
|
so you answered in your post question from your subject. masterpiece, congratulations.
|
|
|
|
joele
Legendary
Offline
Activity: 1022
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:18:42 PM |
|
so you answered in your post question from your subject. masterpiece, congratulations.
+1
|
|
|
|
Benjig
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:21:05 PM |
|
Even anwsering your own post, you miss some details that determine its volatility: - Rate of adoption is hampered by bad press. - The perceived store of value versus the fiat currency; fixed amount, 21 million. - Little option value to large holders of the currency. - News about security breaches make investors react.
|
|
|
|
huadylmate
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:27:19 PM |
|
Every currency in its infant stages are volatile add in the mix people who get scared easily, also add whales who like to scare these people and manipulate the market and there is your volatility they dump the sheeple get scared and follow with the dump. It gets to a low enough level and the whales buy back at their preferred price. Rinse and repeat ...
|
|
|
|
nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:29:46 PM |
|
Actually I was wondering the absolute opposite today. i.e. Why is Bitcoin so stable these days. Sure more users and holders creates stability and also usage holds down any rapid price movements so I guess while Bitcoin is actually flowing that creates a stability?
But my thought is really I think the price stability is purely psychological. Basically to keep it simple people have calmed down. I remember days where 30-50% movements were happening everyday. Actually we could easily bid up like that again even with the many exchanges involved now. I just think people won't allow it due to a belief that Bitcoin is now stable and has a value between 200-300 dollars.
My point is I honestly believe we could decide as a community to bid up to around $500 no sweat. I let the market work out the price but my point is psychology plays probably the biggest part in the price mechanism IMHO at the moment.
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1012
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:38:11 PM |
|
Bitcoin is NOT VOLATILE. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg537%2F9970%2FO9EEbk.jpg&t=665&c=MfD7MglXpPPkdw)
|
|
|
|
nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:49:49 PM |
|
Bitcoin is NOT VOLATILE. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg537%2F9970%2FO9EEbk.jpg&t=665&c=MfD7MglXpPPkdw) Actually not much more than fiats these days, ask a Russian or an Iranian or some South American countries how stable their currency is. http://www.bloomberg.com/quote/DXY:CUR
|
|
|
|
bitllionaire
Legendary
Offline
Activity: 1120
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:54:13 PM |
|
It is volatile because it is very manipulated and not controlled by any instituion besides, the market is not really big
|
|
|
|
nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 06:59:10 PM |
|
It is volatile because it is very manipulated and not controlled by any instituion besides, the market is not really big
Currency is supposed to move based on perceived and actual value. Compared to fiat currencies Bitcoin is the LEAST manipulated. People can play around in the market but almost no one can really manipulate the price. In the fact the main people that have been able to affect the price for a temp time have been the government who dumped artificially not worrying about the price. But this is only temp, no one can actually hold the price up or down for any length of time. The dollar is 100% manipulated cause the government have the ability to alter the supply.
|
|
|
|
Amph
Legendary
Offline
Activity: 3234
Merit: 1070
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 07:28:11 PM |
|
It is volatile because it is very manipulated and not controlled by any instituion besides, the market is not really big
Currency is supposed to move based on perceived and actual value. Compared to fiat currencies Bitcoin is the LEAST manipulated. People can play around in the market but almost no one can really manipulate the price. In the fact the main people that have been able to affect the price for a temp time have been the government who dumped artificially not worrying about the price. But this is only temp, no one can actually hold the price up or down for any length of time. The dollar is 100% manipulated cause the government have the ability to alter the supply. i would say the thief more than the government, a news about thief, besides the thief's dump(which is already a serious dump) it could lead to a panic sell, that might put a big dent on the market
|
|
|
|
spud21
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 07:34:02 PM |
|
I haven't verified it but a fiat currency trader here said bitcoin's recent prices have been more stable than some of the more popular western currencies. After looking at the Euro's ups and downs since Christmas it comes as no surprise to me.
|
|
|
|
jaberwock
Legendary
Offline
Activity: 2646
Merit: 1073
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 07:46:47 PM |
|
Bitcoin is an emerging digital currency. The demand and supply of bitcoin is changing in every second. So the bitcoin value is volatile more than other currency.
anyone can move millions into or out an exchange and manipulate it at will(and with leverage). Even if someone just want to buy or sell a good quantity of BTC the price will be highly influenced;
|
|
|
|
Hamuki
Legendary
Offline
Activity: 1022
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 08:47:25 PM |
|
As others say.. Its not that volatile any more.
Its just too much bad press that makes it hard to get more adopters into the BTC game.
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3724
Merit: 1354
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2015, 10:49:31 PM |
|
Well it is less volatile than most fiat currencies nowadays, but the volatility remains, though. Also, there are traders who try and play the markets so we can assume that they are adding into the volatility of the price. Supply and demand doesn't affect btc as much as other commodities are affected, that is one thing I observed in bitcoin's economy.
|
|
|
|
meganburke (OP)
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2015, 04:51:46 AM |
|
Even anwsering your own post, you miss some details that determine its volatility: - Rate of adoption is hampered by bad press. - The perceived store of value versus the fiat currency; fixed amount, 21 million. - Little option value to large holders of the currency. - News about security breaches make investors react.
I am a newbie. So I write what I know. Your reply added my knowledge more.
|
|
|
|
BIT-Sharon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2015, 07:59:11 AM |
|
because they are for investment now.
|
|
|
|
ObscureBean
Legendary
Offline
Activity: 1148
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2015, 09:14:22 AM |
|
It is volatile because it is very manipulated and not controlled by any instituion besides, the market is not really big
Currency is supposed to move based on perceived and actual value. Compared to fiat currencies Bitcoin is the LEAST manipulated. People can play around in the market but almost no one can really manipulate the price. In the fact the main people that have been able to affect the price for a temp time have been the government who dumped artificially not worrying about the price. But this is only temp, no one can actually hold the price up or down for any length of time. The dollar is 100% manipulated cause the government have the ability to alter the supply. Yes but the difference is that with the Dollar you can plan your shopping for the following week to the nearest cent, with Bitcoin by the time you complete your 10 min walk to the corner shop, your $100 worth of Bitcoin could be down to $20. The price of BTC may seem stable now but everyone knows that could change in the blink of an eye. Also, Bitcoin can very easily be manipulated, a lot more easily than fiat and with lot more damaging effects. 1% of Bitcoiners control 99% of all Bitcoin in existence. For instance, Satoshi could very easily move the price of BTC to his whim with his estimated stash of 1,000,000 BTC.
|
|
|
|
Q7
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2015, 12:17:36 PM |
|
Well the fact that there is no central bank that intervenes also is one of the reason that led to the volatility. If you observe certain currencies like JPY, the central bank actually intervened if the appreciation of the yen goes up too fast. The central bank will sell their own currency in order to normalize the situation.
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2015, 12:43:07 PM |
|
Well it is less volatile than most fiat currencies nowadays, but the volatility remains, though. Also, there are traders who try and play the markets so we can assume that they are adding into the volatility of the price. Supply and demand doesn't affect btc as much as other commodities are affected, that is one thing I observed in bitcoin's economy.
Volatility is not a bad thing. It gives us the opportunity to make profit on price swings. Which is also one of the reasons why it attracts wealthy investors. If volatility didn't exist, I probably would check the Bitcoin price once a week or so. Compared to plenty of times per day now.
|
|
|
|
|