biascoin (OP)
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February 10, 2018, 04:38:53 PM |
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South Park
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February 10, 2018, 10:35:16 PM |
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Not really I read it and it is the same old argument, saying that bitcoin does not have value at all, but maybe we are all imagining the huge amount of money invested by the miners to mine bitcoin and the technology behind bitcoin which solved several problems that until that point were not solved, the volatility comes from mainly two factors the uneven demand for bitcoin and its limited supply.
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Zaggeta
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February 10, 2018, 10:48:42 PM |
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I don't buy that argument that Bitcoin is volatile because it has no intrinsic value to be backed upon. Nothing is backed by anything substantive! Fiat is backed by the monopoly power of the state, gold is backed by the social capital given to it. If Bitcoin's lack of physical asset backing was a problem, all currencies would be volatile.
Bitcoins volatility is not new in financial history. Earlier forms of currency like tobacco used in the early American colonies were much more volatile. Bitcoin's instability is just a demonstration of the market. Hype led to speculators buying up the supply, and scares by regulators and panic sellers caused price drops.
There is nothing intrinsic in Bitcoin, besides maybe slow and expensive transactions coming to the fore, that makes it volatile. It is a commodity, and like any commodity, is a slave to market forces - let it be euphoria or panic.
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peter0425
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February 10, 2018, 11:04:37 PM |
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Not really I read it and it is the same old argument, saying that bitcoin does not have value at all, but maybe we are all imagining the huge amount of money invested by the miners to mine bitcoin and the technology behind bitcoin which solved several problems that until that point were not solved, the volatility comes from mainly two factors the uneven demand for bitcoin and its limited supply. I agree, I scan just the first page and I hear the same reasons all over again. There's nothing new in the article that will stand out. I try to search the first page with the word "speculation", it turns out the author didn't used this term. If he did, then I will tip off my hats to him. Unfortunately, he didn't understand that everything is really based on speculation, that how the prices moves, if there's some positive news the market will pick up and increase its prices. And supply and demand is the main reason why everything is volatile. No need to explain further as @South Park already did in a nutshell.
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Nellayar
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February 10, 2018, 11:08:33 PM |
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Bitcoin is volatile because there is a limited supply only and it is just 21 million bitcoins. It is also difficult to mine bitcoins because as far as I know it is divided into two after 4 consecutive years. I think that is the reason behind its volatility. Its price goes up when there is a great demand but the price becomes lower if the demand will goes down. It is a matter of scarce resources.
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muzica0519
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February 10, 2018, 11:21:05 PM |
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Not really I read it and it is the same old argument, saying that bitcoin does not have value at all, but maybe we are all imagining the huge amount of money invested by the miners to mine bitcoin and the technology behind bitcoin which solved several problems that until that point were not solved, the volatility comes from mainly two factors the uneven demand for bitcoin and its limited supply. Same old argument with the same purpose and that is to bring down bitcoin. All they say is volatility but investors who believe that bitcoin is already volatile yes continue to invest in contrast to the supply and demand aspect in the economy. Which means when investors buy they expect other would invest too and that there will be more demand than supply.
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Nhebu
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February 10, 2018, 11:25:26 PM |
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I just scanned the article and it seems that the author do not want bitcoin because of its volatility. I agreed when he said that there is market manipulation. The conspiracy of some whales or large investors inflict well to the price of bitcoin. If they want it to decrease then they pulled all of their investment which will cause to a great crash! The controlled the market in a way they know that they will gain lot of profits.
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Bitcoinjheta
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February 11, 2018, 12:03:00 AM |
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One of the factors that affect bitcoin's volatility is, INVESTORS ARE INFLUENCED BY NEGATIVE PRESS News events that scare users include geopolitical events and statements by governments that Bitcoin is likely to be regulated. Bitcoin's early adopters included several mal actors, producing headline news stories that produced fear in investors. All these incidents and the public panic that drove the value of Bitcoins versus fiat currencies down rapidly. However, Bitcoin-friendly investors viewed those events as evidence that the market was maturing, driving the value of Bitcoins versus the dollar markedly back up in the short period immediately following the news events. To know more about why is bitcoin value so volatile, you may see this link. https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp#ixzz56kcNu31p Well, as i read the article of Jay Adkisson about bitcoin is volatile they are commonly a structure of comparing of the past cryptos. This is a form strategic attack to were our believers and investors will scares to leave the industry of cryptos. Only have to do is be passive of what bitcoin is really going because this are different cryptos compared to the old forms, purely it was unsupported by many due to lack of informations. Bitcoin gathers a lot of entries were world wide are happy in it's form were volatile is just normal due to demand and supply in a market.
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Afnan_faizah
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February 11, 2018, 03:41:53 AM |
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Bitcoin cannot avoid volatility, since its only new currency with relatively liquidity. Bitcoin trader even make this condition even worst. Bitcoin must spread to many people so it can be more stable. Fortunately, there are many new altcoin that comes and makes bitcoin price litle bit more stable.
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Sepertinya sudah waktunya, kalau menurut saya lebih baik lump sum sekarang. 30/01/2024.
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supermine
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February 11, 2018, 03:56:48 AM |
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The volatility of bitcoin is due to its less availability of only 21 million when compared to the fiat money of US dollar,its availability is four trillion.So the difference is very big between the crypto and fiat,so there is a little change in the demand and supply will change the price which resulted in the often price change. But the price volatility is the main reason that people don't use it as a currency and merchants afraid to accept as a payment because the merchants will lose their profits when the price falls.So we need to support altcoins too to get the stability in price of bitcoin.
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marcuslong
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February 12, 2018, 08:06:40 AM |
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Bitcoin is volatile because there is a limited supply only and it is just 21 million bitcoins. It is also difficult to mine bitcoins because as far as I know it is divided into two after 4 consecutive years. I think that is the reason behind its volatility. Its price goes up when there is a great demand but the price becomes lower if the demand will goes down. It is a matter of scarce resources.
I agree with you!Honestly the Bitcoin maximum capacity was almost 21 million and then because of it's volatile movement it creates for up and down of it's value price.And not only for that because I believe also why it's volatile movement was most of the Investors tried to sell and buy their bitcoin everyday.This is a big reason and it is really true of all evidence that many Investors now is really interested for cryptocurrency especially for Bitcoin.But despite of that we should be thankful and blessed because until now the bitcoin was still alive and kicking to make as proud continue to our dreams in life together with bitcoin.
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Kwame Genius
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February 12, 2018, 08:51:24 AM |
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This is a perceptions bitcoin will not collapse completely. Bitcoin invested have hope that the value of Bitcoin will increase in the future based on demand.
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Isaacck
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February 12, 2018, 09:45:42 AM |
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Bitcoin is unstable in light of the fact that there is a constrained supply just and it is only 21 million bitcoins. It is likewise hard to mine bitcoins in light of the fact that to the extent I know it is separated into two following 4 sequential years. I imagine that is the purpose for its unpredictability. Its cost goes up when there is an extraordinary request yet the cost moves toward becoming lower if the request will goes down. It involves rare assets.
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alyssa85
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February 12, 2018, 11:22:07 AM |
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Bitcoin is volatile simple because it's market cap is relatively small (bitcoin is worth less than Apple). That means it doesn't take much money to move the price. As the market cap gets bigger and bigger, the volatility should reduce. Meanwhile, volatility is fun for traders ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Rafar8
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February 13, 2018, 01:41:04 PM |
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Bitcoin is one of the first and most popular crypto-currencies that does not have direct competitors at the moment. However, over the past few years, there have been quite enough crypto-currencies in the market for altcoins offering new platform capabilities and increased security. The more new and convenient solutions are offered by digital currencies, the sharper the need for "oldies" of the market (such as bitcoin) in modernization. Otherwise, the coins simply become obsolete. Perhaps this happened with bitcoin? In fact, there are many internal and external factors that affect the BTC and can play a role in its fall. Internal factors include: transaction fees; block capacity; infrastructure. The idea of internal conflicts and overstated commission was especially zealously promoted by Roger Vero, an adept of Bitcoin Cash. The idea of an unnecessarily high commission and a low degree of protection was picked up by many bitcoins-experts. This could not but affect the perception of BTC investors.
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kingragnar
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February 13, 2018, 01:56:29 PM |
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I think. There are many ways to make the bitcoin a volatile one of the reasons for it is the investers who buy bitcoin at a cheap price and then they hold it only until the time or month comes to raise its price again this way bitcoin price change. This is just one of the reasons for volatile bitcoin
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eternalgloom
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February 13, 2018, 02:07:28 PM |
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This is just one single counter-argument made towards the claims that Bitcoin has no intrinsic value.
With Bitcoin you essentially buy access to the cryptocurrency ecosystem as a whole, think about it. Most big exchanges only allow you to to use fiat for buying Bitcoin, so you need Bitcoin to be able to trade with other cryptocurrency.
While there have been a few major exchanges that also allow you to buy Ethereum or other altcoins directly with fiat, most people still opt to buy Bitcoin first.
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Reid
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February 13, 2018, 02:08:55 PM |
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I don't buy that argument that Bitcoin is volatile because it has no intrinsic value to be backed upon. Nothing is backed by anything substantive! Fiat is backed by the monopoly power of the state, gold is backed by the social capital given to it. If Bitcoin's lack of physical asset backing was a problem, all currencies would be volatile.
Bitcoins volatility is not new in financial history. Earlier forms of currency like tobacco used in the early American colonies were much more volatile. Bitcoin's instability is just a demonstration of the market. Hype led to speculators buying up the supply, and scares by regulators and panic sellers caused price drops.
There is nothing intrinsic in Bitcoin, besides maybe slow and expensive transactions coming to the fore, that makes it volatile. It is a commodity, and like any commodity, is a slave to market forces - let it be euphoria or panic.
Merited and agree all the way. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) He proves he is the one which is detailed in his personal message. I love the way it was said. It is like everything now is backed by something and only bitcoin is the one who changed it all. Commodity/currency for me. Since the start that had been the look of bitcoin in my eyes. It will always depend on the demand. It is the only answer that should be said.
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kimkimkim852
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February 13, 2018, 02:12:41 PM |
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Same old argument, indeed many of the fiat isnt backed by anything other than states promise.
But it could void anytime - see those bankrupted countries in the world
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Yatsan
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February 13, 2018, 02:32:59 PM |
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There's no exact reason behind its volatility in the market. All I know is that, it has to do with the market demand. Furthermore, demand chabges from time to time and given that its market value is proportional with its market demand, what happens with demand, is likewise with the other one vis-a-vis. But you can make profit from its volatility so it is a bit of a downside and advantage at the same time.
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