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Author Topic: The fluctuation in pricing..  (Read 1523 times)
beerlover
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October 03, 2017, 03:27:09 PM
 #41

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
The same way the value can drop is the same way the value can increase. As much as we know the volatility is high, it does not mean it cannot be used. Later on, it will always amount to something.

You sell stuff at a higher value, tomorrow, the value comes down and you sell stuff again, the increase in value eventually will still make you earn even more after a while. However, there are some platforms for merchants like bitpay that can easily convert the merchant's currency straight to fiat.


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October 03, 2017, 03:34:46 PM
 #42

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
Volatility is very normal for an asset such as BTC. However if we want to see a crypto currency become widespread used as an evryday payment form for small transations a nd small businesses it as to achieve several goals: being fungible, having price stability, and having cheap and fast transactions.

Looking at our current fiat bils... you don´t really want to use red marked bills that came out from an ATM robbery (fungibility), you dont want someone to ask you for a great deal of money just to accepto your bill, you dont want your bill to come by bicicle form china to portugal, and you dont want your bill to be worthless in the morning ( that is what happens when counties cant stabilize there currencies like in venezuela right now)



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jmigdlc99
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October 03, 2017, 03:46:12 PM
 #43

Thats a good point for discussion. Been interesting to read the replies but in my opinion the price volatility is a temporary effect. I believe that once bitcoin gains more adoption the price will become more stable and viable as an actual currency everyone can use for daily transactions because when everyone needs bitcoin and everyone is buying and selling at the same time, there shouldn't be much chance for its value to fluctuate as much as it does today. Just my 2 satoshi.

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October 04, 2017, 08:04:52 AM
 #44

Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.

Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable.

A different cryptocurrency will eventually become the new form of "money" as we know it.

Just know it won't be Bitcoin - this shits even more valuable.
Yes, and even gold has dropped in value before being an asset. So, I do not know why people are always just picking on bitcoin's volatility as if all hell has broken loose. Bitcoin has proved itself to be more of a valuable asset with better functions than even gold and any other store of value as far as I am concerned. So, volatility or not, bubble or not, all hail the king of crypto!

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rickadone
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October 05, 2017, 05:33:02 PM
 #45

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
Bitcoin is not that volatile you are talking about bitcoin losing more than 90% of its value in less than a few hours, while there are variations in price such wild variations are not going to happen with bitcoin for the simple reason you will need hyper inflation for that to happen and that is impossible in  bitcoin, other currencies have followed that path like the mark of the Wiemar republic.

There is always a possibility of it crashing it can never be ruled out. I doubt it would happen in a few hours but the possibility is always there for it to drop in value.
Many factors could cause this.

World Wide Black outs.
Sustained attack on the blockchain
Even solar radiation could knock out all the computers in the world at some point and it would be bye bye all crypto!
Those scenarios you just created in your head can only happen in movies and I do not see how that can easily just play out worldwide. Worldwide black out ? Come on! You must be likening that to Armageddon and in that case, we won't even need fiats cause banks may not even be able to operate.

Sustained attack on the blockchain may be possible but not like the devs are stupid. Ok! let me just stop it there, let us just hope for the best than imagining things that could possibly not occur.

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Gozie51
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October 05, 2017, 06:13:46 PM
 #46

On my view I don't see anything wrong with the fluctuation. People are bothered because it is bitcoin or cryptos. If we have witnessed the forex market platform, we could also see the fluctuation too if not more than that of bitcoin. There are numbers of volatile pairs in forex market like, GBP/JPY, GBP/USD .these pairs are more volatile compared to other pairs in my view.  So is nothing new, the difference is just that bitcoin is valuable in terms of exchange.

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October 05, 2017, 06:22:47 PM
 #47

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

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usorin
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October 05, 2017, 06:28:35 PM
 #48

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.
Bitcoin is volatile also because out there are some guys with a lot of btc, like in real life, there are a few people who ones more then a half of the money in the market and they cand influence the evolution of the market. In conclusion, yes it is volatile but nobody puts the problem right, the market manipulation from the owners of hundred, perhaps thousands of bitcoins. Imagine what power they have on exchanges and so on. Who has the money it has the power, as long as there are also some wisdom in it.

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maxamus
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October 05, 2017, 06:38:09 PM
 #49

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling.

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October 05, 2017, 06:43:38 PM
 #50

Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.

Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable.

A different cryptocurrency will eventually become the new form of "money" as we know it.

Just know it won't be Bitcoin - this shits even more valuable.

'Bitcoin is not money' really?

Bitcoin is a digital currency and it is a form of money digitally. I agree to the much secure store of value if you really secured it by yourself with doing all the necessary things in securing it. Bitcoin I think is far from Gold as it is a digital currency that is tangible and the main purpose is to serve as a money to buy and sell things through the virtual world, Gold is valuable because since the first civilizations of people they look it as a wonderful piece of mineral that satisfy their naked eyes and that for me is very far comparison with Bitcoin.

You know nothing in the future and even me knows nothing in the future, you don't have a proof that will back up your claim that there is a cryptocurrency that will take place Bitcoin, it is just a conspiracy.

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October 05, 2017, 06:51:04 PM
 #51

Bitcoin is not money. Sure it can be used as a form of digital currency, but at its essence, Bitcoin is a private and secure store of value that is protected from inflation, government programs, robbery, etc.

Bitcoin is more like Gold in the sense of how it is hoarded and perceived, only it is far more fungible and transportable.

A different cryptocurrency will eventually become the new form of "money" as we know it.

Just know it won't be Bitcoin - this shits even more valuable.

'Bitcoin is not money' really?

Bitcoin is a digital currency and it is a form of money digitally. I agree to the much secure store of value if you really secured it by yourself with doing all the necessary things in securing it. Bitcoin I think is far from Gold as it is a digital currency that is tangible and the main purpose is to serve as a money to buy and sell things through the virtual world, Gold is valuable because since the first civilizations of people they look it as a wonderful piece of mineral that satisfy their naked eyes and that for me is very far comparison with Bitcoin.

You know nothing in the future and even me knows nothing in the future, you don't have a proof that will back up your claim that there is a cryptocurrency that will take place Bitcoin, it is just a conspiracy.
I think at this moment, even with the really flawless price, but bitcoin isn't a real money ( about the popular). Not so much country used it as method payment. Only a few counties realised it's potiental and take the first step to the blockchain technology.
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October 05, 2017, 06:58:24 PM
 #52

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling.

Yes ,the price of bitcoin is keeps on increasing in price.Now the price of the bitcoin is around the value of 4300$.Soon it will reach the value of 5000$.At this month end itself this will happen so.If that happen means,many long term bitcoin holder will have very much profit.So can check after this October.

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Lanatsa
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October 05, 2017, 07:02:05 PM
 #53

Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.

Yes that's the bitter truth as the new user who joined bitcoin when it's value has increased with leaps and bounces are used to the fact that price will keep increasing but even if there is a slight downfall these are the user who end up doing panic selling.

Yes ,the price of bitcoin is keeps on increasing in price.Now the price of the bitcoin is around the value of 4300$.Soon it will reach the value of 5000$.At this month end itself this will happen so.If that happen means,many long term bitcoin holder will have very much profit.So can check after this October.
We can really able to say such thing because Bitcoin doesn't stop to make surprises specially when it do hit new ATH to its price. Volatility does really depend on the demand of it this is why theres fluctuations which is really an important thing for those traders out there on bitcoin because they can able to make money on those moving prices.

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October 05, 2017, 07:02:14 PM
 #54

Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors. Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX). Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time (See the Investopedia Bitcoin Center for current updates on the price of bitcoin).

Generally Bitcoin today shows a stable price with a small percentage of fluctuations and I think that this is a good indicator. In order to continue, even before the end of the year, we saw a new maximum of the price increase for Bitcoin.

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October 05, 2017, 07:03:46 PM
 #55

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
The volatility of bitcoin has both positive and negative effects. If the value of bitcoin increase within the same period of time that the store hold their One bitcoin they can equally make huge profit at the end. Bitcoin is volatile at the moment because the demand is so high as compare to the supply.  

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October 05, 2017, 07:08:43 PM
 #56

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
Bitcoin is still at the early stages and we need all the price fluctuations in other for the assets to look attractive to investors.  Many people what to take advantage of  price fluctuations in other to make profit several times and by doing this taking advantage of the early stages cryptocurrency development. You may lose money like others in bitcoin investment but that do not mean many investors are not taking advantage of price fluctuations to make alot of profit.

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October 05, 2017, 11:34:02 PM
 #57

Bitcoins are relatively new and first of its kind also that its still in developing stage and bitcoins market is highly unstable or volatile as there us no one to regulate it i think.But this volatile nature is one of the main reason why bitcoins are famous as its price can reach new heights fast, most if the people follows one plan that is buy low sell high to make profit.As the price fluctuates a lot sometimes there are drops too that time many people tries to buy bitcoins as they know that bitcoins surely will go up and ends with makes profits.

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October 05, 2017, 11:39:10 PM
 #58

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
Bitcoin is still at the early stages and we need all the price fluctuations in other for the assets to look attractive to investors.  Many people what to take advantage of  price fluctuations in other to make profit several times and by doing this taking advantage of the early stages cryptocurrency development. You may lose money like others in bitcoin investment but that do not mean many investors are not taking advantage of price fluctuations to make alot of profit.
A lot of people are making mopney with the bitcoin for example the segwit and the most famouse scheme of the rich people are the fake news they will launch a fake news andthe effect of that is the dump then they will buy more in that stage and the bitcoin price will go back to normal again.

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October 05, 2017, 11:40:07 PM
 #59

is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley

I don’t think this issue is the reason why bitcoin is still not recognized as such.. Unstable price of bitcoin is one reason why we’re earning the faster than any item on stock market.. The only reason I see is that our financial system and institutions may collapse if bitcoin be recognized and be treated like gold and dollars.. They will leave this investments and all will be going for bitcoin..

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October 06, 2017, 01:14:46 PM
 #60

Fluctuation in pricing is good for the people that simply want to use Bitcoin as another sort of investment/day trading option, but it is horrid for people who actually want to use it as a currency and see it survive and thrive. Simply because with more and more people using Bitcoin as a way to day trade, it's going to lose it's normal base of users as they're scared of losing a ton of money and will just go back to traditional mediums such as Cash, Credit Card, Debit, etc.

So, Bitcoin is going to need a scaling solution and the fluctuating / volatility in pricing to stop for it to really come to a time where it has a high amount of adoption by people.
Yes of course! Cause without the fluctuations, there is nothing we would have been trading on crypto anyway. Even normal currencies fluctuate, hence that is how forex trading exists.
We just really hope that a time will come that with a high level of adoption, most of us here won't even have to be worried about the little bit drops in the value of bitcoin.

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