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Author Topic: Question of Bitcoin Price Change  (Read 1236 times)
Aamir1
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October 24, 2017, 10:13:41 AM
 #61

Fluctuating Bitcoin prices have become a daily complaint of Bitcoiners around the world. there is one factor that influence the rise and fall of Bitcoin prices such as the small volume of Bitcoin spread across the network

I don't think a sensible person would complain about the volatility of Bitcoin, because it doesn't do any harm to you as long as you know how to use it positively. Of course if you panic by seeing the price dropping and sell all your coins you will sit regretting it later on, but if you be patient, buy a little more if you have funds, and wait for it to rise again, you will have your returns eventually, and you will not need to complain about it.

To OP, the price of Bitcoin depends on the market movements, i mean the trades. It all depends on supply and demand, where if the supply is less and demand is more, it increases, and when the demand becomes less, the price decreases to an extent.
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October 24, 2017, 10:38:41 AM
 #62

Bitcoin price is really changing. It is not constant. There are so many reasons why this is changing in such ways. The main thing about this is the volatility of the market. The market of bitcoin is volatile that makes the price changing over time. Next one, are the FUDS. In FUDS, this is one of the reasons why bitcoin is dumping. When we say dumping that is the downfall of bitcoin. And the forks, After forks I think the price will go up wildly.




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October 24, 2017, 11:09:09 AM
Last edit: October 24, 2017, 11:38:36 AM by Dilladupak
 #63

bitcoin has a high level of volatility and has a fairly good effect on its trading activity.if people see good news about bitcoin, they will buy more,because they know the price will go up, and the price of bitcoin is the price balance of someone available on the market or on different markets, for a price that benefits them in the future.
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October 24, 2017, 11:10:58 AM
 #64

Bitcoin price is really changing. It is not constant. There are so many reasons why this is changing in such ways. The main thing about this is the volatility of the market. The market of bitcoin is volatile that makes the price changing over time. Next one, are the FUDS. In FUDS, this is one of the reasons why bitcoin is dumping. When we say dumping that is the downfall of bitcoin. And the forks, After forks I think the price will go up wildly.

Especially when there's a new coin which is being forked. If it's just a change to Bitcoins code then I don't see the price going up that much. But people get excited about having free coins such as Bitcoin gold. Which creates a upward spiral in terms for value.
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October 29, 2017, 07:44:31 AM
 #65

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

Hi OP, welcome to the world of crypto currencies.
Regarding to your question, bitcoin value varies on the demand of it, like for example if people make more investment then they have to buy bitcoin so the demand is increasing the value increases too. So the more investors the bigger the value of bitcoin we can have. Thats one simple way of looking at it.

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FDC1412
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October 29, 2017, 08:01:57 AM
 #66

Bitcoin price changes because of its open exposure to the market. Treat bitcoin as an stock available in a stock market, the more the market demands and buy bitcoin, the higher it gets. And since bitcoin is becoming more popular today than ever, you'll notice that there is an extreme increase in price value. The community itself is a complete factor of the bitcoin's tendency to fluctuate and it all depends on how much bitcoin is exchanged and bought.

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