Borisov
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March 17, 2018, 05:41:52 PM |
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The volatility of bitcoin is due to demand. And big players can manipulate the market. Forcing people to panic at provocative news that blacken bitcoin.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Doloready
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March 17, 2018, 06:13:27 PM |
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Every day more and more people are beginning to be interested in bitcoin, thereby increasing demand for it and the amount of investment in it, which leads to an increase in prices, everything is simple.
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investerS
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March 17, 2018, 06:17:05 PM |
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Bitcoin prices are very unstable because the Bitcoin market is very broad. Bitcoin demand is increasing in the world, the number of investors is increasing. People are benefiting by investing in bitcoin. The developed countries of the world are benefiting economically from Bitcoin.
But methink for the reasons you stated above, the price suppose to be rising and not falling as we have seen for the past few weeks. |
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Razick
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March 17, 2018, 09:36:45 PM |
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I think this is due to the demand and supply dynamic. If there is more demand than supply, the price shoots up but if the supply is more than the deman, it goes down, which I think is what is happening now. With Mt Gox dumping so many coins into the market, supply has increased and we have to wait for demand to catch up. Then there are the people who are panic selling, they just facilitate in driving the price further down too.
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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kimochidesh
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March 17, 2018, 10:56:22 PM
Last edit: March 19, 2018, 11:21:20 PM by kimochidesh |
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Crypto market is quite amateur and also decentralized. There is no regulation on it which lead to its manipulation by some big traders. Also, big news plays an important role in market movement in the crypto world.
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biascoin
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March 17, 2018, 10:57:41 PM |
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Data from Coinmarketcap.com shows a sharp decline in Bitcoin prices from $18,737.60 December 18th of last year to $6,252.44 on February 6th of this year. However, Bitcoin’s value had already increased to $9,959.84 as of February 16th at 21:00. Rather than a steady increase in Bitcoin’s price up to mid-December of last year, this reflects volatility of this leading cryptocurrency. Read more : https://www.currencytimes.co.in/why-is-the-price-of-bitcoin-so-volatile/ |
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lucy1215
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March 17, 2018, 11:02:14 PM |
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The price of bitcoin is so volatile because pf the reason that many investors do transactions everyday its either they will sell bitcoin or dump it with that buying and selling makes the market volatile.
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SUDARMONO
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March 17, 2018, 11:03:24 PM |
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That's pretty common as bitcoin increases as if it were a seasonal rise every year up and down, and we could keep an eye on each year to see bitcoin prices.
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Dexion
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March 17, 2018, 11:25:37 PM |
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yes, the value of bitcoin volatility is very fast and also high, there is different speculation from the observers about bitcoin prices in this year.
in the coin market, now the value of bitcoin reaches $ 7000, and is predicted to fall to $ 2500.
bitcoin volatility will always run quickly. because the bitcoin users very much, so the transaction increased high.
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khaled0111
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March 17, 2018, 11:33:07 PM |
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Bitcoin is only backed by its users, only them can determin its price.
Bitcoin users can be affected by news and rumors that's why the price is fluctuating too much.
The price will continue fluctuating for long time, maybe years. Many traders like this situation because they can earn from it (buying low, selling high).
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onnz423
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March 18, 2018, 12:37:53 AM |
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Bitcoin value, unlike fiat currency is mainly driven by the musings of the mainstream media. The rules are simple, if media portrayal is mostly negative, then bitcoin will dip. If it is neutral bitcoin will trade sideways and slowly increase, if it is heavily positive, then bitcoin will spike. This pattern can be reflected in every peak and trough present in bitcoins chart.
Since there is no financial institution dictating the value of BTC, its value is literally determined by supply and demand. This is unlikely to change any time soon.
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zhangxie29152784
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March 18, 2018, 12:44:54 AM |
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Data from Coinmarketcap.com shows a sharp decline in Bitcoin prices from $18,737.60 December 18th of last year to $6,252.44 on February 6th of this year. However, Bitcoin’s value had already increased to $9,959.84 as of February 16th at 21:00. Rather than a steady increase in Bitcoin’s price up to mid-December of last year, this reflects volatility of this leading cryptocurrency. Read more : https://www.currencytimes.co.in/why-is-the-price-of-bitcoin-so-volatile/Bitcoin volatility is driven by many factors. Early geeks played games and later became hard currency for black-market transactions. It's all small scale. It is now moving towards the national level. The inflection point is the banking crisis in Cyprus, where citizens are trying to prevent a government levy on deposit taxes and hedge against currency devaluation. There is a lot of buying of bitcoins, and the legal currency has become a regular currency. Recently, government regulation has pushed the price of bitcoin back down. But I believe that bitcoin will continue to rise, because it always fluctuates. |
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Cadalin320
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March 18, 2018, 01:19:19 AM |
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Simply because its price was unstable. It may get down so deep or it goes up high,but you'll never know when it happen.
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Eugenar
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March 18, 2018, 01:23:37 AM |
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Data from Coinmarketcap.com shows a sharp decline in Bitcoin prices from $18,737.60 December 18th of last year to $6,252.44 on February 6th of this year. However, Bitcoin’s value had already increased to $9,959.84 as of February 16th at 21:00. Rather than a steady increase in Bitcoin’s price up to mid-December of last year, this reflects volatility of this leading cryptocurrency. Read more : https://www.currencytimes.co.in/why-is-the-price-of-bitcoin-so-volatile/Its dependence on the market demand might be a factor to be consider on its volatility. The demand in the market changes a lot from time to time which reflects to its market value. What explains it is that, whenever the market demand is falling, same thing happens on its market value and vis-a-vis. Don't worry, volatility is normal with cryptocurrencies such as in Bitcoin. |
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NewBet
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March 20, 2018, 02:11:38 PM |
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This is because the price of bitcoin is greatly dependent on the demand from people. The supply at this point is greater than the demand which is why the price is dropping. There are a lot of people selling off their coins in the market right now due to panic and they are also decreasing the demand and increasing the supply with their selling. The demand just have to match the supply and we will see an increase in prices.
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sumangs
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March 20, 2018, 02:29:09 PM |
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Bitcoin is volatile because there is someone who sells and buys it for a specific price in some exchange that has a high volume of bitcoins. Some are dumping and some are pumping depends on its demand. Like for example, someone sells it cheaper than the sell price, the trade becomes faster because the price is lower. Another buys it higher and also affects the price but it goes high unlike selling it for low it causes the bitcoin's price go down a little. A repetitive interaction making its price volatile on the market or exchange.
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kevpantof
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March 22, 2018, 11:18:56 AM |
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This is because the price of bitcoin is greatly dependent on the demand from people. The supply at this point is greater than the demand which is why the price is dropping. There are a lot of people selling off their coins in the market right now due to panic and they are also decreasing the demand and increasing the supply with their selling. The demand just have to match the supply and we will see an increase in prices.
It is not a new thing because we have been listening to this thing and experiencing this thing as well because this is the thing which we get to know at time when we hear about any of the crypto currency for the very first time. I must say that this volatile nature of bitcoin is the only thing which is helping all those who have invested their money into any of the crypto currency in making of more money. |
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Casmania
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March 22, 2018, 11:49:00 AM |
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Bitcoin volatility depends merely on economics law of supply and demand. Lesser demand will result to drop in price, higher demand will result to price increase. Also, another contributor to the fluctuation in the price of bitcoin is the FUD and negative news from the media outlets. This has been happening several times already where we all know that bitcoin will recover back it's price after the dip during fluctuation. There is nothing new about this scenario and again, would suggest to HODL your BTC and wait again for the bull run to happen.
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onebtcforlife
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March 22, 2018, 11:57:29 AM |
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The volatility of bitcoin is due to demand. And big players can manipulate the market. Forcing people to panic at provocative news that blacken bitcoin.
Volatility comes from the Panic people who bought the Bitcoin at the higher price, Yes, big players are manipulating the Bitcoin price when there is the huge demand for the Bitcoin. We have to be very careful with the market when the price of Bitcoin is hardly dumping, don't worry Bitcoin price will recover. |
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aileen393332xe5157
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March 28, 2018, 11:27:14 PM |
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With the rapid growth and increasing number of participants, Bitcoin gradually gained market share. But we find that Bitcoin is developed spontaneously, without management, so there will not be a mandatory rule of development. It is easy for big investors or investors to dominate the market. Bitcoin users do not use their real names, and many governments are determined not to accept Bitcoin, Bitcoin update rates ... It affects investor sentiment. .
Bitcoin volatile ...
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