Why is BTC fluctuating SO MUCH?

[Games.Bitcoin]

  It's a rollercoaster???

[player514]

It's a rollercoaster???

There's a lot of apparent uncertainty surrounding the coin. People don't know if they trust it or not because those who are scared about the smallest of drops are freaking out the price and other investors. It's essentially a cycle until the next large boom hits. Once that comes around, people start buying again and the price starts going up once again. Then, we'll see another correction and the media surrounds bitcoin with negative news. It's a continuous cycle that bitcoin is "trapped" in, as far as I can tell.

[iamTom123]

It's a rollercoaster???

Yes, Bitcoin is a rollercoaster ride and it is either you are enjoying the ride experience or you get traumatic because of it. This is the reason Bitcoin is not for everybody especially those people who are prone to panic and have weak hands who can only see the NOW and not the short-term future. There is no doubt that Bitcoin will be growing by leaps and bounds but the path to growth is always littered with humps and bumps. This has been already one of the important features of Bitcoin -- in just minutes the volatility can strike and any gains can vanish into this air just like magic but it has also its outstanding capacity to resurrect itself and surge again -- and again. Though this can be a big nightmare for merchants -- in fact one big merchant recently said goodbye to Bitcoin due to this issue -- the same thing can be heavenly to traders who are already knowledgeable on how Bitcoin works.

Welcome to the Bitcoin Carnival!

[akmittal]

Bitcoin is fluctuating so much because there is doubt to stay bitcoin or not at this level. more over investor want to cash profit at this level. but Bitcoin will rise continuously.

[Layonk]

It's a rollercoaster???

Why? Because waves is main basic characteristic of bitcoin. Sometime big waves and sometime small.
It is just because of the buyer and seller power.

[JohnBitCo]

It's a rollercoaster???

Because its decentralized, There's no way to control it. Fluctuating is depending on us. When we start buying bitcoin it value and demand increase which effect on bitcoin price. When we selling it, the demand decrease which cause bitcoin price to decrease also. Fluctuating is just a part of bitcoin's life and most of the time News make the price up and down of bitcoins.

[cetel]

every cryptocurrency has the rise and fall. Bitcoin is no exception.

[tippytoes]

It's a rollercoaster???

Because its decentralized, There's no way to control it. Fluctuating is depending on us. When we start buying bitcoin it value and demand increase which effect on bitcoin price. When we selling it, the demand decrease which cause bitcoin price to decrease also. Fluctuating is just a part of bitcoin's life and most of the time News make the price up and down of bitcoins.

That's right. That's part of the crypto game. And that's why cryptocurrency investments are really very risky. You need to be on top of the game and never regret your decisions, else, you will lose your mind thinking of why you didn't sell or buy at that point, or why you didn't follow your instincts...

[guybrushthreepwood]

It's a rollercoaster???

Supply and demand. The price is very fickle because people are. People panic sell and buy whenever there is bad or good news. Both these things impact the value of bitcoin drastically. I would look at bitcoin as somewhere in between gold and stocks and shares because whilst it is a currency at heart it's also a limited asset like gold and that's why Bitcoin is probably always going to be seen as speculative asset or at least for the near future so you're really going to have to get used to the price swings and if this is something you can't handle I don't think bitcoin is right for you. However, if it wasn't for the price swings and people speculating on it you wouldn't be able to make any money of profit on it.

[boyshx]

Price of any currency is determined by flow of demand and supply of any currency. Bitcoin is a decentralised cryptocurrency, it works on peer to peer exchange system. Bitcoin`s supply is restricted to 21million numbers, but its demand is ever growing, this imbalance demand and supply is pushing bitcoin`s price. Addition to that external factors like ban by many countries or regulations by countries are making bitcoin`s investors panic time to time. They are selling and buying bitcoin currency in panic. This is also a reason bitcoin is so fluctuating. 

[QuestionAuthority]

Because Merlin the happy pig wants it that way.

[genology]

As you can see bitcoin is something new to people. All new things like companies and brands go through this stage until they become established in the minds of people.

[Pantoflascrypt017]

I think a more appropriate question would be why is bitcoins price not fluctuating so much that would be more weird in the grand scheme of things. When that happens there is definitely something about to blow but as we have seen since the new year a lot of alts have taken some of the dominance away from btc and for btc to get that back we will definitely see a lot of volatility and fluctuation in price as people cash in and out.

When you have something that has multi billion dollars of daily trade volume there will definitely be some uncertainties. Also as the price gets higher the $100 changes equate to much lesser percentage changes so price will go up and down more and more as the price for one whole bitcoin increases.

[Zackgeno96]

It's a rollercoaster???

It will be remain like this for a while, there are many traders who are eyeing to book the profit constantly during the short period; which resulted in the high volatility in the bitcoin market. Be cautious while investing into bitcoins and don't put all your money into the bitcoins, spread the money among the other good coins as well on account for less risk.  

[Kprawn]

Bitcoin is still in the early days of distribution, and a lot of coins are owned by a small group of people. These people can

manipulate the price, if they wanted to. They MIGHT work together on multiple exchanges to pump and dump some coins,

but Bitcoin is growing now, so it is becoming more difficult every day. 

[Pantoflascrypt017]

I read somewhere that at one point almost 40% of bitcoins are held by around 1000 people only so lets say roughly 6mil bitcoins are held by just 1000 people that is an overwhelming stake and allows them to move the price as they see fit, so until there stakes get much smaller we can still see this rollercoaster ride happening in the near future i think!

[londonglory]

Because so many people invest right now, it's literally the busiest it has ever been. Therefore btc rises so much.

[Reatim]

It's a rollercoaster???

The market is based on speculation. A simple negative news will turn the price of bitcoin downward and same when a positive news comes in, the price goes up and everyone is very happy. One thing though, this is just how the market works. That's why you will hear some investors who doesn't want to enter the market because of its volatility, take for example Warren Buffett.

Bitcoin is still in the early days of distribution, and a lot of coins are owned by a small group of people. These people can

manipulate the price, if they wanted to. They MIGHT work together on multiple exchanges to pump and dump some coins,

but Bitcoin is growing now, so it is becoming more difficult every day.  

Exactly. There are still some manipulators behind that can forced the price to slide or if they wanted it to increased quickly, they can do it by pumping the coins and then they will suddenly dump it. But as more people or investors are pouring their cash, maybe those manipulators are having a hard time now as compare before when they have all the power to manipulate the price anytime they want.

[jatin729]

It's all about demand and supply method, as we all in economics demand and supply playing important role, same here happen in bitcoin prices.
Decentralization is one of the reason, No one can has control on bitcoin prices.

[Vin183~]

as we can see that bitcoin prices are going up and down. it may be the effect of the amount of transaction purchase or sale bitcoin.