reason about bitcoin

gakadem (OP)

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reason about bitcoin

February 28, 2018, 06:10:03 PM

Merited by D1n4R (1)

#1

if you are currently looking at bitcoin prices, then you will be amazed by the ups and downs of prices (fluctuations) are very fast, you might even ask, what are the factors that affect the price of bitcoin?
so the real reason why bitcoin prices are more fluctuating than other currencies is that there is no single entity that controls bitcoin prices.
USD in control by The Reveral Reserve (FED)
while BITCOIN is not controlled by any entity, since the bitcoin characteristic is Interoperability

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Re: reason about bitcoin

February 28, 2018, 06:16:27 PM

#2

the main factor why bitcoin can increase and decrease drastically is demand and supply, so it is the main factor why all coins can decrease significantly because no entity regulating supply and demand is the main factor

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D1n4R

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Re: reason about bitcoin

February 28, 2018, 06:42:47 PM

#3

I think the triggers of the rise and fall in bitcoin prices depend on every need of the market. then every occurrence of a lot of demand then the price will automatically increase. and when bitcoin is discarded then the market price will increasingly make it fall.

restuibu

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Re: reason about bitcoin

February 28, 2018, 06:52:42 PM

#4

usd and bitcoin of course have a different background where bitcoin no one controlling the price and usd is one of the currency of the country whose economy is so strong that it makes usd always be the reference in benchmark.

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HashieNewb

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Re: reason about bitcoin

February 28, 2018, 06:55:35 PM

#5

Quote from: restuibu on February 28, 2018, 06:52:42 PM

usd and bitcoin of course have a different background where bitcoin no one controlling the price and usd is one of the currency of the country whose economy is so strong that it makes usd always be the reference in benchmark.

Even though they are different things, there is certain things that can be purchased with one or the other. Bitcoin is not known enough to defeat USD.

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martaga

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Re: reason about bitcoin

February 28, 2018, 06:59:14 PM

#6

Quote from: gakadem on February 28, 2018, 06:10:03 PM

if you are currently looking at bitcoin prices, then you will be amazed by the ups and downs of prices (fluctuations) are very fast, you might even ask, what are the factors that affect the price of bitcoin?
so the real reason why bitcoin prices are more fluctuating than other currencies is that there is no single entity that controls bitcoin prices.
USD in control by The Reveral Reserve (FED)
while BITCOIN is not controlled by any entity, since the bitcoin characteristic is Interoperability

You are right about this. Sometimes I think that there should be some sort of regulation but then we will also not be able to see the growth we had seen in past.