Reason for Bitcoin fluctuation?

[derebeyi]

I've been looking at the Bitcoin exchange rates for the last few days and there have been huge differences daily!
For example, on Tuesday the exchange rate was 1 Bitcoin for $90.18 and then the day after it was $78.00?!
Anyone know the reasoning for this, when will it even out?
Thanks.

[naphto]

For example, on Tuesday the exchange rate was 1 Bitcoin for $90.18 and then the day after it was $78.00?!

Free market.

when will it even out?

Never.

[gambit1]

If you don't ever think it will even out then you expect the price to drop to zero.

[Este Nuno]

There is more supply of bitcoin then there is demand at the moment.

[Este Nuno]

If you don't ever think it will even out then you expect the price to drop to zero.

It will eventually. One way or the other.

[yocko06]

it will even out when bitcoin has saturated the world market and is used in regular business.  value drop is due to loss in faith in Mtgox because of the issues with withdraw and deposits.

[JimboToronto]

Much of the current decline is due to recent actions by American government agencies, ensuing cashflow problems and policy changes at MtGox, and speculation.

While the majority of bitcoins are still hoarded, of those in circulation, more are being bought and sold in speculation than used for actual commerce.

As more and more recent Bitcoin startups open for business, and as more and more existing businesses start accepting bitcoins, commercial circulation will eventually overtake speculative circulation and it will even out.

Speculators have a vested interest in price fluctuations. If the price is stable, day-trading opportunities are lost. This is why there is so much opinion/FUD spamming around here. It's a speculation forum.

Remember, they weren't Bitcoin bubbles that burst in June 2011 and April 2013. They were speculative bubbles.

I think even the majority of the current bears realize that bitcoin will continue its long-term deflationary growth. They just want to scare people into panicking to drive down the price so they can buy more cheaply.

[gambit1]

A very well considered opinion that.

[lucas.sev]

bubble pop [insert obligatory hyuna gif]

[hate_the_face]

it's not as decentralized as you would be lead to believe and is being controlled by a handful of puppet masters to make money off buying low and selling high

you know, exactly what wasn't supposed to happen

[Snail2]

BTC market is somewhere around 1-1.3 billion USD. The real world demand (I guess) is maximum the half of this value and there is a constant flow of new supply from the miners. If hoarders and the speculative bubbles can absorb the surplus then everything is fine, prices are flying high.  If not, then we have an overproduction crisis .

[niothor]

BTC market is was somewhere around 1-1.3 billion USD. The real world demand (I guess) is maximum the half of this value and there is a constant flow of new supply from the miners. If hoarders and the speculative bubbles can absorb the surplus then everything is fine, prices are flying high.  If not, then we have an overproduction crisis .

[Snail2]

BTC market is was somewhere around 1-1.3 billion USD. The real world demand (I guess) is maximum the half of this value and there is a constant flow of new supply from the miners. If hoarders and the speculative bubbles can absorb the surplus then everything is fine, prices are flying high.  If not, then we have an overproduction crisis .

OK you are right. It was. But there's still more supply then real world demand.

[niothor]

BTC market is was somewhere around 1-1.3 billion USD. The real world demand (I guess) is maximum the half of this value and there is a constant flow of new supply from the miners. If hoarders and the speculative bubbles can absorb the surplus then everything is fine, prices are flying high.  If not, then we have an overproduction crisis .

OK you are right. It was. But there's still more supply then real world demand.

Yeah  , but from 0.9 to 1.3 billions , is already enough:))))))