Why the price of Bitcoin change more than traditional currencies?

[155UE]

It is still a new currency so you and everybody else needs to give it time to settle in and then it will be stable. Isn't this how all other currencies started catching up with the other currencies themselves until they proved themselves to be somewhat self sufficent.

[rekinthis]

Bitcoin and normal currency is completely different, day and night different!

thats true, i think that bitcoin price is going to be fluctuating all the time while fiat is going to go down only as bitcoins take more and more people

[Taki]

Bitcoin is more like a speculative stock than a real currency. While a few people use it to conduct transactions for goods and services, the majority buy it for speculative price appreciation. That causes wild swings up and down.

I also was curious about this point and that reply cleared up it for me.
Thank you for your smart and logical reply.

[outatime1]

Bitcoin is a new technology that is still developing. It hasn't really achieved mainstream success yet and the price will change with news or public opinion more than a fiat currency or stock that is established.

[Rodeo02]

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?

I think because of its international  currency and the price depends on the value and supply thats why it's easy to increase if more buyer come and invest in it. And then easy decrease when a bag holder sell thier hold coin and the other investor do the same sell thier coin.

[mrhelpful]

I have read in one of the article online that one of the reason why Bitcoin change more than traditional currency is that too much variance in perceptions of Bitcoin's store of value and method of value.  It was said that Bitcoin volatility is driven in large part by varying perception of intrinsic value of the crytocurrency as a store of value and method of value transfer.

Its a mixture of multiple things that factors those assumptions of price.. but any market order can literally persuade the audience to be convinced to buy a tad more then they expect.

But if there is a solid foundation of reasons why buying is a factor like we saw with the halving situation - then this is where it becomes more of a solid situation.

[Herbert2020]

I have read in one of the article online that one of the reason why Bitcoin change more than traditional currency is that too much variance in perceptions of Bitcoin's store of value and method of value.  It was said that Bitcoin volatility is driven in large part by varying perception of intrinsic value of the crytocurrency as a store of value and method of value transfer.

Its a mixture of multiple things that factors those assumptions of price.. but any market order can literally persuade the audience to be convinced to buy a tad more then they expect.

But if there is a solid foundation of reasons why buying is a factor like we saw with the halving situation - then this is where it becomes more of a solid situation.

the reason can simply be to make a profit. because at this point bitcoin is mostly viewed as an investment and everybody is looking for making a big profit from it. and that is why everybody (at least most of the investors) is buying and holding it.

[Harlot]

Well its all about the Demand and Availability. As BTC has users/ wallets around the world. It says that many people accept Bitcoin as the way to pay and earn. Also it acts as an international currency as it is widely accepted by everyone.

[155UE]

Well its all about the Demand and Availability. As BTC has users/ wallets around the world. It says that many people accept Bitcoin as the way to pay and earn. Also it acts as an international currency as it is widely accepted by everyone.

It also makes it a hell of a lot easier to send money back home if your country does not accept money transfers from your bank. I know several people that have complained of high amount of charges if those transfers do go thru.

[HeroCat]

Because Bitcoin user base is very small, if we compare to EUR user base and in general EUR is based on all EU economy. BTC is based on mainly BTC user Web sites buy/sell/gambling. EUR therefore is stable more or less, BTC as new crypto currency can change much more.

[ASHLIUSZ]

Because Bitcoin user base is very small, if we compare to EUR user base and in general EUR is based on all EU economy. BTC is based on mainly BTC user Web sites buy/sell/gambling. EUR therefore is stable more or less, BTC as new crypto currency can change much more.

In many ways Bitcoin is similar to traditional currencies, it is recognised and has a value, it can be used to buy things. But bitcoin has still a much smaller market than other currencies.

[serjent05]

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?

Bitcoin price change more than the traditional currencies because bitcoin prices depends on the demands of the investors.  Aside from the, market thaat accept bitcoin is somehow not that huge to make bitcoin price stable.  Another thing is that whales somehow can crash the market when they want  it by selling their hundreds of thousand of BTC.

[mishra1994u]

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?

Bitcoin price change more than the traditional currencies because bitcoin prices depends on the demands of the investors.  Aside from the, market thaat accept bitcoin is somehow not that huge to make bitcoin price stable.  Another thing is that whales somehow can crash the market when they want  it by selling their hundreds of thousand of BTC.

Yes right first of all bitcoin is very new currecy as compared to all other like euro or usd that op is talking about.Its pretty limited as compared to other ones so much buying and selling causes changes in its prices.If more people in the world are buying bitcoin than selling then the price of bitcoin is gonna increase and vice versa.It will take some time for btc to be stablished and have a stable price.

[Bitcotalk]

The price of other traditional currencies do not change more and do not have big fluctuations because it has a specific number and have created all of them so the supply is constant, and almost all citizens of a country have that currency and they all are using it with that the demand is also constant, so in that condition we will not see any higher changes in the price of it,

while the number of all bitcoins are not mined till now with passing time new bitcoins are mined and so the number of bitcoin is not constant but increasing and supply is increasing, and not all people of the world have joined it, every day different number of people come to adopt it and invest in it, so the demand is also not constant. that is the reason.

[gtglener]

Bitcoin is not an established currency till now and with that we see daily that a lot of people invest in there and a lot of people withdraw their money from their, but other traditional currencies are established currencies and people do trust on it heatedly and put their wealth in that currency for longer or lifetime, therefore we see no fluctuations in traditional currencies.

[crairezx20]

Bitcoin is not an established currency till now and with that we see daily that a lot of people invest in there and a lot of people withdraw their money from their, but other traditional currencies are established currencies and people do trust on it heatedly and put their wealth in that currency for longer or lifetime, therefore we see no fluctuations in traditional currencies.

Yeah bitcoin is use for trading until now we use it the price is always depends in demand and supply unlike fiat or traditional currencies..
Bitcoin is just like a gold.. but the movement of the price of bitcoin is fast because of supply and demand..

[pearnapple]

well on traditional currencies the price is more selected by the government and prices are controlled while bitcoins market is not controlled by anyone afaik

[Harlot]

Well its all about the Demand and Availability. As BTC has users/ wallets around the world. It says that many people accept Bitcoin as the way to pay and earn. Also it acts as an international currency as it is widely accepted by everyone.

It also makes it a hell of a lot easier to send money back home if your country does not accept money transfers from your bank. I know several people that have complained of high amount of charges if those transfers do go thru.

We have a local wallet for BTC It can direct transfer btc to any currency of the bank account without any fees. Very Convenient for people. You just have to time when BTC value is up .

[groll]

Bitcoin change its price more compared to other alternative currencies and cryptonotes it is simply because bitcoin has higher demands compared to other cryptocurrencies. Aside from the number of demands its supply is also limited and that also affects the price increase.

You have mentioned those currencies that are stable in prices because they are controlled by the government. Cryptocurrencies are different to them in a way that they are not being controlled by the government instead their prices are controlled by the market.

[PsursV]

because bitcoin is a universal currency and not a centralized like other fiat currency. it is free from the influence of any state or government or from the influence of other group or sector. so it is free to move up or down and is not artificially supported by govt or agency. it can move up or down according to the demand and supply.