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anhhung409
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August 06, 2017, 02:36:57 PM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
It is worth its value after a difficult development process. After nearly 7-8 years of development, Bitcoin has grown steadily, since its price was just enough to buy a hamburger until the present is too large. Therefore, owning some BTC is out of reach. You should learn to accept this |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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DrGuns4Hands
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August 07, 2017, 08:57:07 AM |
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ofcourse why would you buy bitcoin when the price is too high. you must wait first till the bitcoin price have its big dump before buying in order to get a high return. doing trading is not that simple because you must 24 hrs awake or 20 hrs awake and be updated on the price of bitcoin some prices of bitcoin change when the time on our country is 2 am in the morning and that's not a good thing because i can't capture or sell my bitcoin on that time.
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kryptqnick
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August 07, 2017, 09:04:42 AM |
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The value is high comparing to what we are used to deal with. And yet maybe bitcoin will show us even greater values in the future and those who didn't buy btc now would regret it. Whether the value is volatile is also a question. Bitcoin's value is not somehow randomly set. It directly depends on the demand. People get obsessed with new btc with fast and cheap transactions. buy it a lot more than they used to do it and, as a result, we have the value.
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n691309
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August 07, 2017, 09:13:02 AM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
All the commodities which are having huge demand must be having more volatility. I like to suggest you to go buying bitcoins as bitcoin will be having very bright future and it will have value in millions in coming years. So, you do not need to hesitate to invest into bitcoin and this must be the right time to buy bitcoin for cheaper prices. Act today and avoid regrets. |
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Yuhee
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August 07, 2017, 10:00:52 AM |
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If you are taking about recent price volatility, it was the effect of Bitcoin fork and split which was carried out recently. Bitcoin holders were trading Bitcoin with Bitcoin cash and thus the price of Bitcoin cash was around $600 and there was a dip in the price of main Bitcoin. However, now the situation is changed and again Bitcoin price is rising. Still, there will be volatility in the price of Bitcoin for various reasons and the main one is the increase in scale and demand/supply relationship. I have my investment in Bitcoin for the long term and thus it really doesn't matter for the things happening which will have an impact for the short term.
And future more until segwit has fully initialized a lot of prices would go up. Probably service fees and others. Because from what i saw, campaigns have lowered there prices because of the high transaction fee. So probably once the segwit is fully implemented and transaction fees would go lower. Many services could will appear. Especially for those guys could now get there money on some exchange sites or transfer it there without high fees. |
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Mahanton
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August 07, 2017, 10:44:49 AM |
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Price do really moves anytime on bitcoin because there are sellers and there are buyers and when theres a lot of demand on this coin then expect for the price to rise up even more because the higher the demand the higher the value of it. Volatility of price is the thing why most investors and traders do really like on it. They can able to make money on it when the price moves. If you are a trader you will surely know what i mean.
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btcjocan
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August 07, 2017, 11:35:08 AM |
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Price do really moves anytime on bitcoin because there are sellers and there are buyers and when theres a lot of demand on this coin then expect for the price to rise up even more because the higher the demand the higher the value of it. Volatility of price is the thing why most investors and traders do really like on it. They can able to make money on it when the price moves. If you are a trader you will surely know what i mean.
That's true. It is volatile in the sense that the demands are getting quicker and this makes the world of bitcoin go round. Investors also good at trading because they have the guts and resources. Moreover, they become more successful because of the benefits coming from btc. |
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leonair
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August 07, 2017, 11:44:16 AM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
My only answer to this is because Bitcoin is in demand right now and nothing we can do if something is in demand but the price will go higher. More investors is going with Bitcoin and most of them are big valued people and it is affecting the price of it. |
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Apened
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August 07, 2017, 11:47:57 AM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Because that was the nature of bitcoins and its volatility is the reason why bitcoins price is still going . If you are confused to buy bitcoins think when you will be not ? everytime your mind will think it was a high price but when bitcoins price goes $3400-$3500 you will be confused again and say it was too high . |
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Bagaji
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August 07, 2017, 12:50:56 PM |
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Bitcoin volatility could be attributed to small numbers of Bitcoin holder as compared to other fait currency or gold which has a very larg number of holders and at the same time has been in existence for decades. But that should not be your reason for you not to invest in bitcoin or crypto currency in general.
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bamboylee
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August 07, 2017, 09:07:19 PM |
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Maybe it can also be attributed to decentralized nature of bitcoin. Unlike in fiat, bitcoin does not have any central government that can control or pad the price so that it will not swing wildly. The price of bitcoin moves exactly how the market reacts to news or price manipulation by some whales. I think volatility is here to stay.
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Ewinsane
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August 07, 2017, 10:06:09 PM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Being volatile is what makes it seem like we’re making much profit from it, and indeed we are. So being volatile is a good, as long as the price keeps going up and up and not down. But know this, you don’t need have exactly one Bitcoin before you can make something out of it. No matter the price, you can still purchase an amount that is not up to one BTC, and watch it rise, while you make profit. I believe one day you will be able to buy more than 1 BTC. |
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joromz1226
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August 09, 2017, 01:02:07 AM |
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Bitcoin is and always will be very volatile, but this does not mean having to give up his purchase. If you look at the chart of growth rates you will see that every year the price of bitcoin is increasing. This trend will persist for a very long time so you can buy it at any time.
so i should buy bitcoin at this point or when the value reduce. Right, and it will always be volatile, And I think for me it is the heart of trading industry where every traders are happy unto it. And about the question if must buy bitcoin, yes take the chance to buy it now, if you can buy a huge of it do it and then hold in a long term, until it reach the peak price value. |
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yndye
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August 09, 2017, 01:30:30 AM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Because even if it has been existing for a while now, still there are so many people who doesn't know about it and then when they discover it, they will buy and then later when they profit, they will sell not holding it for long. The news and recent happenings about bitcoin will affect its price causing it to become volatile. Sometimes there are "whales" who will buy and pump it up so at the time they sell, they will make the price go down because of the large volume they hold. |
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fanbeila
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August 09, 2017, 01:58:20 AM |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin is not controlled by any central body since it is a decentralized currency.Its price changes in proportion to increase or decrease in demand for bitcoins.But fiat currencies are controlled by governments and hence its price remains stable.It is due to the volatility of bitcoin by which traders gain profits with the difference in price. |
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TIDOVEE
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August 09, 2017, 02:03:37 AM |
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bitcoin is volatile because it has a scale, it was once low and now it's high. been decentralised is also an additional factor.
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Hamstead
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August 09, 2017, 04:30:48 AM |
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bitcoin is volatile because it has a scale, it was once low and now it's high. been decentralised is also an additional factor.
Yes, bitcoin is decentralized and there is a lot of take control to it. That's the thing make bitcoin volatile, a possible fluctuation of prices every time. A simple theory may implies, when the demand is high the price is high and if the demand is low the price is low also. The community can make this volatility happens because its matter their demands since bitcoin is know nowadays. |
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mrcash02
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August 09, 2017, 04:38:11 AM |
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I'm not saying with 100% sure, but seems it's the speculation what makes the volatility so high. Big holders, the whales, choose when provoke flutuations, making profit from trading this way. In a decentralized world who has more coins control the market, from my experience on Crypto-Currency world that is what I see. The little investors are just the little fishes on the sea, nothing they do cause a big impact.
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freeyourmind
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August 09, 2017, 05:05:33 AM |
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Since Bitcoin isn't yet adopted in most places, a large part of its supply and demand is based on price speculation. So as the confidence changes, the price fluctuates a lot. As its adoption increases and people send or receive payments for commerce instead of speculating on its price, it should be less volatile.
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webtricks
Legendary
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Activity: 1918
Merit: 1728
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August 09, 2017, 05:53:57 AM |
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Since Bitcoin isn't yet adopted in most places, a large part of its supply and demand is based on price speculation. So as the confidence changes, the price fluctuates a lot. As its adoption increases and people send or receive payments for commerce instead of speculating on its price, it should be less volatile.
I would like to add-on to this answer. Generally value of currencies of different countries is determined by either country's gold deposits or deposits of registered securities with IMF. But Bitcoin is entirely different from conventional concept of currency. The only backing to Bitcoin is trust of people. As the trust of people regarding future of Bitcoin increases, its price increases whereas if people smell some contingencies in its near future, prices shatter. So due to spontaneous ups/downs, Bitcoin is very volatile. I disagree to above point regarding stability, we can't say that if we increase its use in commerce, it will decrease the speculative practices. |
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