talkbitcoin
Legendary
 Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
|
 |
November 23, 2016, 12:05:40 PM |
|
See, fiat currency is controlled by government and whenever there is inflation in fiat price, immediately government changes its policies to make fiat price increase and remain stable.But in bitcoin, there is no such regulatory body and thats why it is said that bitcoin is owned by the community
The main reason for the price volatility of the bitcoin is that it is too cheap, it can be easily maniuplated. that reason is not that big a deal, it can still be cheap and have a more stable price. for example in Forex market USD vs EUR is ~1.1 there is nothing cheaper than that but the price is stable! it is all about the size of the market (marketcap or better said the volume of trades each day) |
|
|
|
|
|
|
|
|
|
|
|
|
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Shenzou
|
|
November 23, 2016, 12:43:02 PM |
|
Unlike other currencys bitcoin is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on very thing by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot
|
|
|
|
|
Fredomago
Legendary
Offline
Activity: 2968
Merit: 1050
Leading Crypto Sports Betting & Casino Platform
|
|
November 23, 2016, 12:51:04 PM |
|
Unlike other currencys bitcoin is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on very thing by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot
And bitcoin price has been moved by its users and traders since its just small percentage of people who knew about the system its more depend with every single person whos supporting it the more the demand the more value will will go either up or down. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
raven7886
Legendary
Offline
Activity: 1512
Merit: 1041
|
|
November 24, 2016, 10:59:00 AM |
|
Unlike other currencys bitcoin is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on very thing by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot
But the main reason is that as bitcoin is not yet such a stable currency therefore, as thee is a lot of flocculation in the price of bitcoin therefore there is expecting a big change in the price of bitcoin every time. I think when bitcoin will become a stable currency there its price will also become stable. |
|
|
|
|
freedomgo
Legendary
Offline
Activity: 3094
Merit: 1144
|
|
November 25, 2016, 06:52:37 AM |
|
Unlike other currencys bitcoin is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on very thing by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot
But the main reason is that as bitcoin is not yet such a stable currency therefore, as thee is a lot of flocculation in the price of bitcoin therefore there is expecting a big change in the price of bitcoin every time. I think when bitcoin will become a stable currency there its price will also become stable. That's true and will never be stable because it's decentralized and the supply is just limited only. Currency can always produce more when demand increases.. |
|
|
|
|
Zisove28
|
|
November 25, 2016, 07:14:31 AM |
|
Unlike other currencys bitcoin is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on very thing by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot
But the main reason is that as bitcoin is not yet such a stable currency therefore, as thee is a lot of flocculation in the price of bitcoin therefore there is expecting a big change in the price of bitcoin every time. I think when bitcoin will become a stable currency there its price will also become stable. That's true and will never be stable because it's decentralized and the supply is just limited only. Currency can always produce more when demand increases.. I also believe that the price of Bitcoin will never be stable. It will fluctuate. However, in some frames. In the long run the price of Bitcoin grows |
|
|
|
|
stark101
Newbie
Offline
Activity: 42
Merit: 0
|
|
December 05, 2016, 12:12:27 PM |
|
The value of a bitcoin is tied purely to the laws of supply and demand. In other words, the price is determined only by what the markets is willing to pay. If more people wanted to buy bitcoins, then the price will increase. If more people wanted to sell, the price will decrease. Bitcoins value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the bitcoin price more significantly.
|
|
|
|
|
|
Xester
|
|
December 05, 2016, 12:27:42 PM |
|
The value of a bitcoin is tied purely to the laws of supply and demand. In other words, the price is determined only by what the markets is willing to pay. If more people wanted to buy bitcoins, then the price will increase. If more people wanted to sell, the price will decrease. Bitcoins value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the bitcoin price more significantly.
Yes that is the whole idea behind the changing price in bitcoin, the active movement of bitcoins price compared to other altcoins. But the question really is why is bitcoin has bitcoins price change more frequent than traditional currencies as the author implies, the answer is simple, bitcoins stock is limited only to 21 millions plus coins in circulation which means the supply is not growing anymore while the demand is increasing the price will goes up. So in short the movement comes from the growing community that are sharing from the limited supply. |
|
|
|
|
robelneo
Legendary
Offline
Activity: 3234
Merit: 1202
Bons.io Telegram Casino
|
|
December 06, 2016, 06:19:04 PM |
|
Bitcoin is a decentralized currency,it's price is based in it's demand and people speculating on it,you cannot control it's price but you can speculate and if the market follows through it's speculation it will go up or down I don't see the price of bitcoin stabilizing in a particular price but it will spike it's price ,because people believe it will and the market is growing fast..
|
|
|
|
|
Superways
|
|
December 06, 2016, 07:39:06 PM |
|
At the time when bitcoin will reach to every corner of the world and will start on work everywhere on the world just like other currencies which are working fully in the places for where it is created bitcoin will also become stable and the price of it will not change more but will be the same as other traditional currencies.
|
|
|
|
|
|
Xester
|
|
December 07, 2016, 12:51:53 PM |
|
At the time when bitcoin will reach to every corner of the world and will start on work everywhere on the world just like other currencies which are working fully in the places for where it is created bitcoin will also become stable and the price of it will not change more but will be the same as other traditional currencies.
Even if bitcoin reach every corner of the world its price or value, I believe, it will not be stable, it will remain volatile. It will still be dictated by the market price trend. The world is not ready for cryptocurrency to be used as a legal tender given the fact that internet connection cannot reach the outskirts and is not stable during calamities fiat currency remains the legal tender. Hence bitcoin will continue to be a cryptocurrency dicated by the markets supply and demand. |
|
|
|
|
|
error08
|
|
December 07, 2016, 02:28:07 PM |
|
I noticed that the price of Bitcoin change much like all altcoins.
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?
What I know is bitcoin price affected by supply and demand which mean how big global trading volume will impact on bitcoin. Lack of liquidity and low market cap makes bitcoin fluctuate more than any traditional currency, but at least we have higher price than any other and when the market cap getting bigger where there are more people involved on bitcoin global trading, we could get stable price I guess. |
|
|
|
|
Monnt
Legendary
Offline
Activity: 938
Merit: 1000
|
|
December 07, 2016, 09:32:20 PM |
|
At the time when bitcoin will reach to every corner of the world and will start on work everywhere on the world just like other currencies which are working fully in the places for where it is created bitcoin will also become stable and the price of it will not change more but will be the same as other traditional currencies.
As bitcoin is not a centralize currency that is not limited to some area and is also not in control of any government, group or persons, As the traditional currency is limited to specific area and are mostly depending on the economical conditional of that state, but bitcoin is free from these things and is being used in all over the world, and the users of bitcoin are increasing from day today which effects the price of bitcoin, therefore we can see change in bitcoin more than traditional currency. |
|
|
|
|
|
machinek20
|
|
December 07, 2016, 11:58:55 PM |
|
Bitcoin price keeps on changing because nibody control it, all of the price is based on the market, so if more people demand bitcoin the price will be up, so if there are more users the the price will surely up, while the traditional fiat is control by government to prevent the inflation rate
|
|
|
|
|
EdenHazard
Legendary
Offline
Activity: 2674
Merit: 1048
|
|
December 08, 2016, 02:15:00 AM |
|
Bitcoin price keeps on changing because nibody control it, all of the price is based on the market, so if more people demand bitcoin the price will be up, so if there are more users the the price will surely up, while the traditional fiat is control by government to prevent the inflation rate
not just about bitcoin are decentralized , bitcoin also have a limited supply . which means the price will keep rising more than any other currency if you compare them. the more demand of bitcoin and then the supply available decreased , it is make bitcoin getting rare and make the price jump up. |
|
|
|
|
agamasrori
|
|
December 08, 2016, 04:24:23 AM |
|
I noticed that the price of Bitcoin change much like all altcoins.
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?
That becouse not all bitcoin in exchange is use able and bitcoin spreading is not so good. So if the hoarder buy a lot of bitcoin, it price will aoutomaticaly rise but if they sell the bitcoin, the price will be drop. |
|
|
|
xIIImaL
Legendary
Offline
Activity: 1372
Merit: 1005
|
|
December 08, 2016, 04:54:45 AM |
|
Bitcoin price keeps on changing because nibody control it, all of the price is based on the market, so if more people demand bitcoin the price will be up, so if there are more users the the price will surely up, while the traditional fiat is control by government to prevent the inflation rate
Perfectly right. There is no control Bitcoin. It's value completely depand on supply and demand only. More over Bitcoin price is so volatile and we do not able to predict the pump and sink. |
|
|
|
|
Wandering Soul~
Sr. Member
Offline
Activity: 406
Merit: 250
Wolf
|
|
December 08, 2016, 06:41:22 AM |
|
Because it has a predetermined volume . The laws of supply and demand will be applied here, There is a increasing demand but has a limited supply that will cause its price to increase . Unlike in government, they have a tons of billions supply of their local currency . The traders also has a role in this too cause they are the onea who circulate the coins mostly
|
|
|
|
kryptqnick
Legendary
Offline
Activity: 3094
Merit: 1385
Join the world-leading crypto sportsbook NOW!
|
|
December 08, 2016, 10:59:30 AM |
|
I think that yes, traditional currencies are more stable, because there are many banks using it and governmental regulation. ANother thing is regulation via propagand. Some government can find ways to encourage people to use some currency more. If we think about bitcoin, it is merely impossible and nobody is doing such a thing.
|
|
|
|
|
Diced90
|
|
December 08, 2016, 02:01:31 PM |
|
Basically the price of bitcoin is influenced by many parties i.e miners,bitcoin holders,politics, you and me{literally everybody}their by making the price easily changeable were as fiat is basically influenced by fiscal policies of that country and monetary policies
|
|
|
|
|
|
