iv4n
Legendary
Online
Activity: 3290
Merit: 1183
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July 31, 2017, 06:05:51 AM |
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Bitcoin isn't the currency to be used in the industries or shopping mall. It's high tech chain of blocks containing sensitive information yet very secure in the public. the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin Th volatility is the reason it is giving out us profits from investments and trades that we open up. If bitcoin value gets stabilised then on what you will put your stakes. There won't be any reason to do this and bitcoin will collapse because then there won't be any difference between gold and bitcoin and other stuff in the market. It's better be volatile man! Better for whom? Big players and whales? I agree that many people earn from this fluctuations but for mass adoption bitcoin will need stability. That is one of the primary things that bitcoin needs, because if there is stability whales will not be able to earn so much and move the market as they wish. Market should be independent and decentralized, if some people can interfere as they wish that will not be a good thing for people. I believe that bitcoin can be stable one day, price can't rise forever, in one moment bitcoin settle on some price, when will that happen nobody can't say, but for sure not in any time soon.
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Janation
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July 31, 2017, 06:09:30 AM |
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I don't think of any main factors that controls the price of bitcoin, the surge and dump of its price is uncontrollable or unpredictable. Bitcoin is different from alternate currencies its so special and its a masterpiece, Maybe the only thing that can be control over bitcoin is ownership or volume that holders have but not the price actually.
For me bitcoin is not that special but it is really one of the masterpiece a man can invent. Because of bitcoin, many more alternative coins are made and their technology are being applied to other not only in digital currencies. But as you've said, bitcoin's volatility will not be controlled by anyone but it can be affected by some happenings.
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Lumada
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July 31, 2017, 07:42:38 AM |
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I don't think of any main factors that controls the price of bitcoin, the surge and dump of its price is uncontrollable or unpredictable. Bitcoin is different from alternate currencies its so special and its a masterpiece, Maybe the only thing that can be control over bitcoin is ownership or volume that holders have but not the price actually.
For me bitcoin is not that special but it is really one of the masterpiece a man can invent. Because of bitcoin, many more alternative coins are made and their technology are being applied to other not only in digital currencies. But as you've said, bitcoin's volatility will not be controlled by anyone but it can be affected by some happenings. it can't really be controlled that makes it more unique since it can increase in value vmbut also can decrease. It will only depend on us on how we gonna use it for our advancement.
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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July 31, 2017, 08:36:24 AM |
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I don't think of any main factors that controls the price of bitcoin, the surge and dump of its price is uncontrollable or unpredictable. Bitcoin is different from alternate currencies its so special and its a masterpiece, Maybe the only thing that can be control over bitcoin is ownership or volume that holders have but not the price actually.
I think there are many people who say that bitcoin prices can be controlled as well as fluctuations, they just need to manipulate supply and demand, but what is said and the reality is very much different. Although you're trying to manipulate supply and demand with big capital, it's not going to work right now because very large bitcoin users today
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BartS
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July 31, 2017, 05:05:19 PM |
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Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.
This, we must not forget that bitcoin is still a new and untested technology, so it makes sense there is a lot of volatility as time goes on and more money is moving in bitcoin then the volatility is going to get lower and lower until it is just a memory in the distant past.
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Granxis
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July 31, 2017, 07:44:50 PM |
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Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.
This, we must not forget that bitcoin is still a new and untested technology, so it makes sense there is a lot of volatility as time goes on and more money is moving in bitcoin then the volatility is going to get lower and lower until it is just a memory in the distant past. The bitcoin can be in the test phase, but if the volatility is variable it turns out that there are many parts, so it does not make much sense for me that the volatility will become stagnant after the test is over.
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yoseph
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July 31, 2017, 10:13:22 PM |
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I don't think of any main factors that controls the price of bitcoin, the surge and dump of its price is uncontrollable or unpredictable. Bitcoin is different from alternate currencies its so special and its a masterpiece, Maybe the only thing that can be control over bitcoin is ownership or volume that holders have but not the price actually.
I think there are many people who say that bitcoin prices can be controlled as well as fluctuations, they just need to manipulate supply and demand, but what is said and the reality is very much different. Although you're trying to manipulate supply and demand with big capital, it's not going to work right now because very large bitcoin users today To manipulate supply and demands actually means you will have to manipulate the investors itself because thay are the ones who causes the volatility of the currency and these are caused by speculations either good or bad about what's going to happen concerning bitcoin.
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mornabo
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July 31, 2017, 11:53:06 PM |
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I don't think of any main factors that controls the price of bitcoin, the surge and dump of its price is uncontrollable or unpredictable. Bitcoin is different from alternate currencies its so special and its a masterpiece, Maybe the only thing that can be control over bitcoin is ownership or volume that holders have but not the price actually.
By controlling or manipulating the fluctuations it means you can set the bitcoin price but to control fluctuations is not something that can be done. You might just use a variety of ways such as managing supply and demand on the bitcoin market, but it would not be too influential on the fluctuations or the price of #imo
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freeyourmind
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August 01, 2017, 12:18:23 AM |
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The speculative investing causes volatility. If Bitcoin was widely adopted for commercial use (buying and selling products and services), then the volume would go up so drastically that the buying and selling of traders would have a far smaller impact.
The higher the volume, the harder it is manipulate and have huge volatility.
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panju1
Legendary
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Activity: 1246
Merit: 1000
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August 01, 2017, 01:57:15 AM |
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The speculative investing causes volatility. If Bitcoin was widely adopted for commercial use (buying and selling products and services), then the volume would go up so drastically that the buying and selling of traders would have a far smaller impact.
It is not just volumes (or the speed of circulation) but value which matters as well. The market capitalization of bitcoin should increase to such an extent that whales cannot move the market.
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freeyourmind
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August 01, 2017, 02:14:11 AM |
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The speculative investing causes volatility. If Bitcoin was widely adopted for commercial use (buying and selling products and services), then the volume would go up so drastically that the buying and selling of traders would have a far smaller impact.
It is not just volumes (or the speed of circulation) but value which matters as well. The market capitalization of bitcoin should increase to such an extent that whales cannot move the market. Well it was volatile at $200 and it's still volatile at $3000, which is 15 times the value. Higher value (which would represent higher demand) might help, but regardless of the value, if the volume is low, the price will move easily. Same concept as the stock market. Once you increase the volume substantially, each trade has a much less significant impact on price.
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fathur.aza
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August 01, 2017, 04:02:35 AM |
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All that can be controlled by the team behind it, some of them provide a fake price that moves to get its own profit, what it is called its control.
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Barcode_
Staff
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Merit: 572
Join the world-leading crypto sportsbook NOW!
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August 01, 2017, 05:14:53 AM |
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I don't think there is any way to control the volatility of Bitcoin as it is a free market of trading without any government control, but this is also one of the reason why bitcoin is attractive to many investors, as there is no limits on how high the values of bitcoin could rise, there is always a potential to get a huge profit from trading bitcoins.
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ocid
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August 01, 2017, 05:39:09 AM |
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Bitcoin volatility will decrease as Bitcoin's market and technology develops, bitcoin software is currently under development. New devices, features and services are being developed to make Bitcoin more secure and accessible to the public.
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deisik
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Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
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August 01, 2017, 06:44:34 AM |
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Bitcoin isn't the currency to be used in the industries or shopping mall. It's high tech chain of blocks containing sensitive information yet very secure in the public. the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin Th volatility is the reason it is giving out us profits from investments and trades that we open up. If bitcoin value gets stabilised then on what you will put your stakes. There won't be any reason to do this and bitcoin will collapse because then there won't be any difference between gold and bitcoin and other stuff in the market. It's better be volatile man! Better for whom? Big players and whales? I agree that many people earn from this fluctuations but for mass adoption bitcoin will need stability. That is one of the primary things that bitcoin needs, because if there is stability whales will not be able to earn so much and move the market as they wish. Market should be independent and decentralized, if some people can interfere as they wish that will not be a good thing for people. I believe that bitcoin can be stable one day, price can't rise forever, in one moment bitcoin settle on some price, when will that happen nobody can't say, but for sure not in any time soon. That's not going to happen any time soon First, there is no reason for the price to settle at a certain level, and if it continues to rise (which is good), volatility will be rising too (and likely even faster than the price itself). Second, price stability can happen if Bitcoin ceases to be (mostly) a speculative asset. That would mean building a real economy around Bitcoin, though we are not there yet. In fact, we didn't even come close enough to that. Anyway, this is not going to happen until the price stabilizes. So we are in a sort of endless loop, in a vicious circle of sorts
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romero121
Legendary
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Activity: 2982
Merit: 1214
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August 01, 2017, 07:12:16 AM |
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The speculative investing causes volatility. If Bitcoin was widely adopted for commercial use (buying and selling products and services), then the volume would go up so drastically that the buying and selling of traders would have a far smaller impact.
It is not just volumes (or the speed of circulation) but value which matters as well. The market capitalization of bitcoin should increase to such an extent that whales cannot move the market. As the market is not influenced by the external stock markets or any such forex the volatility will continue forever. Its one among the key feature that creates an increased circulation of digital currency all around through the trading. If the price seems stable, then the usage as an trading commodity will not be preferred. It gets used as an value storage token. The fluctuating price generates a buying and selling leading to circulation and increase in volume.
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andylowe
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August 01, 2017, 08:20:44 AM |
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Bitcoin isn't the currency to be used in the industries or shopping mall. It's high tech chain of blocks containing sensitive information yet very secure in the public. the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin Th volatility is the reason it is giving out us profits from investments and trades that we open up. If bitcoin value gets stabilised then on what you will put your stakes. There won't be any reason to do this and bitcoin will collapse because then there won't be any difference between gold and bitcoin and other stuff in the market. It's better be volatile man! Better for whom? Big players and whales? I agree that many people earn from this fluctuations but for mass adoption bitcoin will need stability. That is one of the primary things that bitcoin needs, because if there is stability whales will not be able to earn so much and move the market as they wish. Market should be independent and decentralized, if some people can interfere as they wish that will not be a good thing for people. I believe that bitcoin can be stable one day, price can't rise forever, in one moment bitcoin settle on some price, when will that happen nobody can't say, but for sure not in any time soon. That's not going to happen any time soon First, there is no reason for the price to settle at a certain level, and if it continues to rise (which is good), volatility will be rising too (and likely even faster than the price itself). Second, price stability can happen if Bitcoin ceases to be (mostly) a speculative asset. That would mean building a real economy around Bitcoin, though we are not there yet. In fact, we didn't even come close enough to that. Anyway, this is not going to happen until the price stabilizes. So we are in a sort of endless loop, in a vicious circle of sorts Yes, I agree with you mate! Bitcoin volatility is hard to control.Law of supply and demand always take part of it. If more and more people will use it then bitcoin will continue to rise however if in the near future bitcoin will be of no use and less people will use it, it will then drop. And the thing is, we really never what the future brings, what people needs today and what people needs tomorrow so bitcoin will continue to be volatile.
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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August 01, 2017, 09:46:09 AM |
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All that can be controlled by the team behind it, some of them provide a fake price that moves to get its own profit, what it is called its control.
Many people say that it is very possible to control fluctuations, just like manipulating prices. I do not really know about this. Because I also have not seen firsthand how to manipulate bitcoin prices but see prices fall when panic selling is due to low demand and large supply. It makes me a little confident about manipulation
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mobilestrike
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August 01, 2017, 04:30:10 PM |
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All that can be controlled by the team behind it, some of them provide a fake price that moves to get its own profit, what it is called its control.
Many people say that it is very possible to control fluctuations, just like manipulating prices. I do not really know about this. Because I also have not seen firsthand how to manipulate bitcoin prices but see prices fall when panic selling is due to low demand and large supply. It makes me a little confident about manipulation The fluctuations are ultimately controlled by the customers. If people are giving up on bitcoins continuously and quickly, the prices dump and vice versa. This is my opinion. I don’t know the exact method of creating and controlling fluctuations in the crypto market. I belie fluctuations are important for the survival of the digital currencies.
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aysg76
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Activity: 1960
Merit: 2124
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August 01, 2017, 04:47:21 PM |
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I don't think bitcoin's volatility in current situation can be controlled as its adoption among the people is very much up. Only due to its readily acceptance and its popularity all over the globe, its demand is always in an increase. These combined contributing factors make it difficult to control its volatility.
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