Why the price of Bitcoin change more than traditional currencies?

[Harlot]

It is not stable.  Unlike the usual currencies which the government has the control.  Plus it usually depends on the people that uses the bitcoin.  If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market.  But if many will sell their bitcoins and floats on the market then its price would go down.  It is usually dependent on the people that uses it.  It depends on the demand.

Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers.

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[Xianantung]

It is not stable.  Unlike the usual currencies which the government has the control.  Plus it usually depends on the people that uses the bitcoin.  If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market.  But if many will sell their bitcoins and floats on the market then its price would go down.  It is usually dependent on the people that uses it.  It depends on the demand.

Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers.

The bitcoin is not a univesal currency now. But it has much more users than before. I think the user number will also increase.

[virtualkeybuyer]

The price of Bitcoin change more than traditional currencies because it's digital currency working only online, and depend in the market so the price is not stable.

but we can believe that a time will come when bitcoin will be widely used not only on digital market but also in our offline market and then we can expect that the price will get stability.

[PizzaBTC]

traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it

I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

you are right, it is going to be fluctuating all the time though the price is going to be way higher then and make us some decent money

I think in that year bitcoin will be more stable as the technology of bitcoin is much faster and its adoption is also on a fastest speed so when a time come when every perso will have bitcoin the price will be pretty stable.

[fireball4]

The price of Bitcoin change more than traditional currencies because it's digital currency working only online, and depend in the market so the price is not stable.

but we can believe that a time will come when bitcoin will be widely used not only on digital market but also in our offline market and then we can expect that the price will get stability.

of course such time is going to come, in my opinion bitcoin will make me some huge profit because of that

[Carlsen]

All bitcoin together just have about 10 billion dollars of worth.
When you look at the stock market you can find businesses that are worth at about the same amount.
Small incidents trigger a bigger reaction in their stock price than they do with a larger business.
Besides, traditional fiat are partly backed up by gold, with bitcoins there is just the community.

[tbterryboy]

traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it

I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

you are right, it is going to be fluctuating all the time though the price is going to be way higher then and make us some decent money

yeah we cannot do anything about it and i dont think that it is going to change any time soon, i hope that the price of the bitcoin is going to be more stable in the future though

I also like that the price of bitcoin come to stability because whenever I have my money in bitcoin I do worry for them and check the price every time so that to be aware that how is my money if it will be stable than I will not have any worry.

[Barbut]

Maybe cause traditional currencies are very old, they have big markets, banks, government and private sector are using it. In last 15 years we saw some econ crisis, so traditional currencies are also vulnerable. They also don't worry about demand, everyone is asking constantly for more, that's why they are printing more money each year.
Bitcoin depends from  demand, and demand for bitcoins is changing. Also we need to consider how many people in this world are using traditional currencies and how many people use bitcoins.

[tabas]

Maybe cause traditional currencies are very old, they have big markets, banks, government and private sector are using it. In last 15 years we saw some econ crisis, so traditional currencies are also vulnerable. They also don't worry about demand, everyone is asking constantly for more, that's why they are printing more money each year.
Bitcoin depends from  demand, and demand for bitcoins is changing. Also we need to consider how many people in this world are using traditional currencies and how many people use bitcoins.

But printing more money is not going to help the economy of a country and that is just going to make their currency very low valued money. And with bitcoins, because of its demand and limitation it is making itself to increase more and change it price daily accordingly. And when someone bought volume of bitcoins that is going to have big affect in bitcoin economy.

[Yakamoto]

It is not stable.  Unlike the usual currencies which the government has the control.  Plus it usually depends on the people that uses the bitcoin.  If I keep more of the bitcoin and so my friend and other friend then its price would goes up because of the scarcity of its existence or the numbers of bitcoin on the market.  But if many will sell their bitcoins and floats on the market then its price would go down.  It is usually dependent on the people that uses it.  It depends on the demand.

Scarcity of Bitcoin does not exist its just simply volatile because of the demand and how new bitcoin is new to the currency world. Although its not the universal currency yet it acts like one as many companies and sites are accepting bitcoin now. That is one of the factors that make bitcoin attractive to both consumers and suppliers.

I would say that scarcity does exist, however not necessarily in the way you'd expect it to. While we don't have the 21m cap completely set out for us yet, the limit imposed on the miners is quite effectively limiting the supply available and has quite neatly limited what the market is able to push out at any point in time. However it is definitely something that a decent number of consumers and suppliers use and value, so I'll take it.

[Supercrypt]

traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it

I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

you are right, it is going to be fluctuating all the time though the price is going to be way higher then and make us some decent money

Those who are traders will like that way as with fluctuation they are much happy and they want that the fluctuation remain in bitcoin forever but maybe it will come to stability in some time as those who want to put their money in bitcoin and want to start business with bitcoin like its stability.

[ontrackk]

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?

Because there are much less bitcoins than other currencies, mean each large bitcoin sell can change price ( other people will see that price crash so they will sell bitcoins too)

[Universat]

traditional currencys like usd, inr, eur has high amount of volumes and still governments are printing more and more money and banks are controlling them but cryptocurrency like bitcoin has a fixed volume and to reach the total of it we are mining it

I totally agree with this, before reaching the fixed volume i personally think there will be lots of fluctuations in the price of bitcoins every now and then. Even after we reached the fixed volume there might be a slight fluctuations in the price like traditional currencies

I agree with that. In 2140, the bitcoin price will still be volatile, but its volatility will be lower than now.

you are right, it is going to be fluctuating all the time though the price is going to be way higher then and make us some decent money

I think in that year bitcoin will be more stable as the technology of bitcoin is much faster and its adoption is also on a fastest speed so when a time come when every perso will have bitcoin the price will be pretty stable.

to me it is because bitcoin is a new currency and still its price is not so stable and that is therefore are observing so much change in the price of bitcoin, as much people will inter in world of bitcoin the price of bitcoin will become more and more stable.

[hero1111]

Bitcoin's price is changing more than traditional currencies   yes and it is normal because it is not one country 's currency and market of bitcoin is not enough , if bitcoin users  grow and bitcoin market can be strong , bitcoin price will be stable then bitcoin price will not chage so fast.

[outatime1]

Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.

[naidray]

The government also need to control on how much money they print as the more you pront the lesser the value you will get. The Supply and Demand concept is still in place. The only different is is that BTC has a finite limit where our Fiat money has not. So that's why BTC prices are more volatile than real money

But, you have to know that when the supply becomes limited then a at some stage the price become stable and it start to run in a uniform rise because of the increasing demand with the day and when a stage come when the demand and supply becomes constant to each other then stability occurs.

[Harlot]

Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.

News/Rumours has really a little effect on price. What really moves the price of bitcoin is demand. On How the Buyers and Sellers react to it. For example there are more sellers in the market than buyers than the price if bitcoin will go down. And Vice versa if the buyers dominate price market. It is just that there are many sellers today than buyers that is why its on a low price.

[panju1]

Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.

News/Rumours has really a little effect on price. What really moves the price of bitcoin is demand. On How the Buyers and Sellers react to it. For example there are more sellers in the market than buyers than the price if bitcoin will go down. And Vice versa if the buyers dominate price market. It is just that there are many sellers today than buyers that is why its on a low price.

Demand is impacted by news. When Bitfinex was hacked, people lost appetite for buying bitcoins.
This resulted in an immediate drop in price.

[upsidedown75]

because all of the traditional currencies are already distributed to every user of it and the demand and supply of that currencies are constant, while bitcoin is in early stage and with the increase in demand(adoption) the price increase higher.

Agree with you. The price of bitcoin is not stable because it not reached to every person and with the passage of time people are coming and adopting it so whenever we see some adoption the price increase much higher and when everyone will have their own coins then that will be the time of stability.

[ekoice]

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