Bitcoin Forum
October 18, 2018, 02:51:56 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Why bitcoin value in dollar always changes?  (Read 1505 times)
gkv9
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


!!! RiSe aBovE ThE StoRm !!!


View Profile
November 08, 2015, 09:14:40 AM
 #21

There ain't just one reason, but many...
There are many factors besides sentiments that decide where the price will go and why it changes, and it is mostly depending upon "manipulating bodies" who work behind the scenes with their huge amount of coins to make bucks on people like us...

1539874316
Hero Member
*
Offline Offline

Posts: 1539874316

View Profile Personal Message (Offline)

Ignore
1539874316
Reply with quote  #2

1539874316
Report to moderator
1539874316
Hero Member
*
Offline Offline

Posts: 1539874316

View Profile Personal Message (Offline)

Ignore
1539874316
Reply with quote  #2

1539874316
Report to moderator
1539874316
Hero Member
*
Offline Offline

Posts: 1539874316

View Profile Personal Message (Offline)

Ignore
1539874316
Reply with quote  #2

1539874316
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
tom555
Full Member
***
Offline Offline

Activity: 210
Merit: 100



View Profile
November 11, 2015, 02:46:04 PM
 #22

That happens for all currencies when compared to another currency. I write for a Canadian stock website. I get paid in CAD even though I'm in the United States. Sometimes I get paid about $0.76 per $1 CAD and sometimes I get paid $0.80 per $1 CAD. That's an exchange rate. The same happens with bitcoin. When more people are buying a currency, it gains value against other currencies; when more people are selling a currency, it loses value against other currencies.
grant27
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
November 11, 2015, 03:11:00 PM
 #23

Comparing to Forex and Stocks markets, Bitcoin's market cap is not so huge. Also, there are a lots of newbie investors playing with BTC. Even a slight movement may cause "panic buy" or "panic sell" effect on crypto-coin markets.
lihuajkl
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


TYWsgbuJdEmfBWVKTXUcXmKgmUbCgPc2tz


View Profile
November 11, 2015, 03:17:26 PM
 #24

There ain't just one reason, but many...
There are many factors besides sentiments that decide where the price will go and why it changes, and it is mostly depending upon "manipulating bodies" who work behind the scenes with their huge amount of coins to make bucks on people like us...
The price fluctuates strongly in short time. We can not just simplely apply the  economic rules supply and demand to it. IMO the main driving force should be from the speculative move. We should know that Bitcoin is a type of new currency and ppl are still sceptical about it! Its adoption rate is still not sufficient to make its price stable yet at the moment! We still have long way to go and make Bitcoin be able to compare with the current state of dollar!
faridkifly
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


Fuck That


View Profile
November 19, 2015, 12:11:43 PM
 #25

yeah that's the name of the exchange rate.
everything is may change with or without cause. it all depends on its policies
flagpara
Full Member
***
Offline Offline

Activity: 266
Merit: 100


“The Protocol for the Audience Economy”


View Profile
November 19, 2015, 12:15:37 PM
 #26

It's also because contrary to dollars/euro or others fiat money, you can't really use bitcoins in real life... So there is a hell of a lot exchange between fiat money and btc and everyone is more or less afraid of seeing the bitcoin skyrocketing and missing the opportunity or going to the dump while having lots of btc. Which make that everyone sell or buy bitcoin all the time, contrary to dollars where the vast majority of people using it never change the money Wink

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!