Why is bitcoin so unstable?

[BlackHatCoiner]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

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[Poker Player]

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

[ChiBitCTy]

You have to keep in mind that Gold has been around and used as a form of currency for thousands of years.  It's been used by modern day governments as a back to their currency.  Gold has physical real world uses to boot.  Bitcoin is a cryptocurrency in it's infancy.  Stabilization will take time.

[LeGaulois]

If the gold's price was stable, a chart would be like this all the time.



(Yep, I'm a charts expert, glad you noticed it  )

But that isn't the case at all.
There is a big difference between something stable and something less volatile. The fact is, gold is not so stable but has much less volatility compared to Bitcoin.

While you say gold doesn't lose $500 as it does with Bitcoin, that's not entirely true. Firstly $500 for BTC is not the same for gold as they don't have the same value basically. You need to talk with percentages, not monetary value.

Now continuing with your argument, you're wrong, as it happened gold has taken a big plunge, just like it did in 2013. On Comex, the fall in 1 session was close to 10%, the biggest drop in 30 years by the way.

Perhaps it happens less often than BTC but it really happens

[wxa7115]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Another reason besides the one stated above is that the supply of bitcoin is inelastic, what does this means? In the case of gold we do not really have an idea of how much gold is still buried underground, we have estimations but now thanks to new technology we can extract gold from below the sea, and as such you have virgin territory that could be full of gold.

In the case of bitcoin we know how many coins will ever exist and unless there is a fork that changes this that amount will never change, this means that as soon as there is a change in the demand the supply side is unable to keep up with it and this increases the volatility, and when you add that there is only a few million people using bitcoin in a world of seven billion this means that the volatility is nowhere close to come to an end and you must accept this even if it seems as if you do not like it that much.

[hatshepsut93]

Basically, Bitcoin's future is very unclear. It may become more widely adopted, it may stagnate and keep being a niche tool for certain groups, it might even lose users with time. It also may get banned by more government, or maybe more governments will regulate it and allow to use. This uncertainty makes it nearly impossible to make a good prediction about Bitcoin's future, so people are just guessing, and guessing causes these speculative bubble cycles. It's a feedback loop, because speculation fuels more speculation, a lot of investors come to Bitcoin to simply ride the waves of bull/bear cycles.

With gold, there's nothing to speculate about. Stocks can be analyzed with calculations. Commodities can be analyzed too. Currencies have central banks to support their price.

[NeuroticFish]

Gold is not stable. It's just low volatility.
Bitcoin volatility is indeed high. Altcoins' is even higher.

Why? This is a difficult question. It is a combination of multiple "problems":
- Bitcoin is still young
- the market is not properly regulated
- the exchanges don't report correctly the volumes
- rich entities, trading bots and social media manipulation can affect the price heavily
- possibly other problems I didn't think of

[Gozie51]

Gold is not stable. It's just low volatility.

You are right and indeed no trading commodity or even product can be stable because if it is stable, it won't have that trading attraction and therefore won't be traded. Bitcoin is highly volatile because of majorly no proper regulation.
Also, all of the point you raised in your postage good reason for bitcoin high volatile.

[adzino]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Why are people still comparing bitcoin with gold! Bitcoin is new over here. It is still in its infant stage. So much to develop. People have adopted the usage of gold. We are yet to adopt cryptocurrencies and make it main stream. Gold isn't stable. The price does go up and down, but less volatile compared to bitcoin. Where as any news or event might affect the price of bitcoin since the future of bitcoin itself isn't clear. You should look at the long run results. If bitcoin ever gets accepted like gold, we will be seeing that bitcoin is less volatile.

[pixie85]

It's unstable because of many reasons.

Only small amount of all bitcoins in existence is traded and prices depend on the average from a few biggest exchanges.

Bitcoin is still following trends in global economy. If stocks fall cryptocurrencies will follow like they did during the pandemics.

[tabas]

Bitcoin is very volatile and it can go as high as it can overnight and vice versa. But that characteristic of bitcoin is what makes it simply amazing.
You buy low, hold it, and wait until you see the price you want to sell. And another good reason of having it is that you can be simply low-key. Nobody will know that you have bitcoins and its storage is easy to keep and bring everywhere you want. Unlike gold, it consumes space and weight.

[Zemomtum]

Most countries back up with Gold as their reserve which will make its volatility to be minimal. Few people control Bitcoin price in time of movement, until their is a widely adoption where we have equilibrium distribution, this craziness will not end soon. Gold is less volatile and it happen on a rear occasions but BTC is unpredictable due to lack of regulation which makes reporting from most exchanges questionable.

[dimastegar]

We know that Gold is a real asset that has always been an investment for the majority of people in the world. The price of gold continues to increase from year to year. Even though the price has increased only slightly, gold is still a safe investment option because its price has never dropped sharply. And the supply of gold on earth from ancient times can still be mined until today.
Meanwhile, Bitcoin is a digital asset that has a limited total supply, and is hard to come by. As well as in its use in the digital world, Bitcoin is very useful in various crypto transactions. Meanwhile, the Bitcoin price itself is volatile, depending on the buying and selling transactions of these Bitcoin traders.

[Vaskiy]

Both are entirely different by the way of valuation. Gold through its rare availability got its value having years and years of history. This means it grew in a much slower phase, with no value during the early days. This is the reason why it is less volatile. Further it got its importance and the demand led to growth. This in turn is preferred as the reserve by most of the countries.

When we talk about bitcoin. It is technology based, and is completely manipulative. What it has reached in a short time period is much big compared to the gold. Fixed supply is another reason for the market volatility of bitcoin. Gold is spread around, with bitcoin there are whales who hold a big volume and manipulate the market which reflects as high volatility.

[LogitechMouse]

~

Volatility.

Gold has been here for a long time already so many investors have it already. Compare it to the investors of Bitcoin, gold has way more investors than Bitcoin thus it affects the volatility of the 2. Bitcoin can lose 500$ in one night yes because there are times where the only buyers are those rich people and institutions and they can pump and dump it if they want too unlike in Gold where there are many buyers so it is distributed.

[Wexnident]

Bitcoin is still currently increasing in supply, hence there's still changes with its price, not to mention that demand for it is currently increasing with more and more people learning about it, compared to how gold has been there for years already. Also, I wouldn't call gold stable, but rather less volatile than Bitcoin, by a LOT. It's like how there's already a steady foundation for Gold, so even if you lose some of it, the price would still remain around the same, and even if you add more of it, the same issue would occur, unless a great amount was added or reduced, which wouldn't happen due to its already strong foundation. Bitcoin on the other hand, something like a feeble foundation but the support, and the item it supports still continuously changes, hence why it's a lot more volatile.

[Astvile]

Gold has been here for a long time already compared to bitcoin. Majority of country has gold reservers thats why gold was way more stable, volatility of gold is nothing compared to bitcoin bitcoin is decentralized plus the fact that bitcoins supply decrease ( by means of lost wallet) and increase in daily basis affects its volatility thats why bitcoin is really unpredictable.

[wack slacker]

Bitcoin and the cryptocurrency market are in their infancy compared to all other markets. First of all, bitcoin's widespread use in payments, in the reserves and application of the entire Crypto market is new and only being noticed.
Bitcoin is volatile in the 10% range and is heavily influenced by news. Besides, the manipulation of bitcoin investors greatly affects the value of bitcoin as well as the variation in the various derivative markets.

[witcher_sense]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Try look at this situation from your own position. If you wanted to preserve value of you funds, what would you choose, an asset that has proven to be strong store of value, or new digital cryptocurrency, future of which is still uncertain albeit looking interesting and promising. If you choose gold than bitcoin is not ready to become store of value whatsoever. If you can't decide whether you should be conservative or risky, then you are in the process of understanding the current situation, this is a good sign. If you choose bitcoin over conservative and relatively safe asset, bitcoin is already store of value for you. When vast majority of people recognize bitcoin as store of value, meaning chose third option, bitcoin will no longer volatile. Other options make bitcoin like it looks now, most people are still in doubt. Decide for yourself what you want bitcoin to be for you and it will be so, don't wait for others because it might be too late to buy bitcoin when everyone already decide that bitcoin is good for storing value.

[piebeyb]

do not equate the value of bitcoin with the value of gold especially with a stable currency, gold and currencies may have an unlimited supply, in contrast to bitcoin also because of its limited value. usually the price of bitcoin fluctuates just like stocks

[Rana590]

Bitcoin is not still familiar to all kinds of people. Gold is older and familiar with most of the people where bitcoin is still young. That's why bitcoin is not stable till now.

[DoubleEdgeEX]

We just have this conversation and perception because we of too many hypeman  on Youtube, Twitter and such that push the idea of "this time to the moon" or "1000%" gains soon" or "BTC to go to 5K?" or similar crap. Without that clutter we just could relax and watch the show knowing that it will rise more sooner than later anyway

[AniviaBtc]

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

People who are holding gold or taking it as an asset for so many years would really have a huge advantage out of it. Bitcoin is only new and more fresh compared to gold, because there's no digital currency present before. They really have a lot of differences and one of it is that bitcoin is much harder to earn and obtain, it is much harder to mine compared to commodity.

Gold is not stable. It's just low volatility.

This is somehow true, compared to BTC's volatility, bitcoin is much harder to make as an asset, it is much harder to control and manipulate in the market, while if you have gold, you will just hold it and you will not interfere with it because it has a lot of potential to increase more from time to time.

While BTC can be manipulated depending on the market situation if it is good to have a transaction.

[pragna]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

I think BTC is new in market and also online transaction system that people did not use to like GOLD. On the other hand it has no fully global acceptance yet so that people can not fully trust on BTC. So when any bad news come investors feel fear in mind and they sell their holding BTC in low price so market gone to crash. But in GOLD that not happen anytime and its price is stable always. But we crypto lovers feel that gradually BTC price also will stable and we have to patience in mind.

thanks.

[20kevin20]

I'd say it's so volatile due to the number of people that are still in doubt whether BTC is a safe haven asset or not. If everyone used and looked at it the same way, things would have probably been different right now. And then, add the FOMO created every 4 years with the halvings. It cannot be very stable if we have some numbers changing every almost half a decade - price will always be influenced. Otherwise, a stable price for 8 years straight would result in miners giving up.

[The Cryptovator]

As others said, gold isn't fully stable. You can see a recent bump and crash. Listen, gold is an asset and exist in real life, it's not a currency. Basically, you don't need gold to live. But currency is always needed. The main reason why gold is low volatility is, world population do not attempt to buy it at the same time and don't know buy pressure or sell pressure. But since Bitcoin is a cryptocurrency we can use it in our daily life since it has value. It's most volatile because the world's population could buy it at the same time and sell it at the same time. Holders are monitoring the buy/sell pressure and taking real-time decisions. That's how bitcoin becomes more volatile than gold. That's my opinion, others might not agree.

[LimLims]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Before saying anything, you need to understand how the price of a particular thing affects.
The price of a particular thing (here BTC) affects , when there is a up and down in the supply.
In other words Bitcoin and many altcoins follow the tradition of supply and demand.
When the demand is more the supply of BTC becomes less, for which the price goes up, and when the demand is less and supply is sufficient then the price falls.
This is a general scenario through which we can expect the Price of any coin.
For this reason BTC is so unstable.
Hope this helps you OP.

[jademaxsuy]

We are having same question for I am also interested to.know how the bitcoin market price will be dictated by its users as what they say that investors run the bitcoin system. We know that we have different bitcoin holdings and this is why how could bitcoin make a calculation when one sell part of bitcoin and how much the depreciation of value will apply to the others who are also holding bitcoin. I am really confuse but I know tha bitcoin is same as with money only that its value will vary always.

[arwin100]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Because it is the most traded crypto among those listed in the market, and bitcoin is not deisgn to be stable coin so expect that there are more volatile movement.

We are having same question for I am also interested to.know how the bitcoin market price will be dictated by its users as what they say that investors run the bitcoin system. We know that we have different bitcoin holdings and this is why how could bitcoin make a calculation when one sell part of bitcoin and how much the depreciation of value will apply to the others who are also holding bitcoin. I am really confuse but I know tha bitcoin is same as with money only that its value will vary always.

It the same with money but not controlled by anyone that's why we can see the price suddenly change quickly in single instant but what more unique from bitcoin is we can earn from its volatility and if you compare with fiat bitcoin is more promising since it can offer us more options interms of profitability.

[Tipstar]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

For $500, it's also about how much gold you are talking about. There's no exact measure of what amount of gold is to be compared with 1 bitcoin.

If we were to talk about the percentage change, we have seen plenty of days with more than 5% of change in price for gold. In 11th August it dropped by 5%.
Another reason for sharper changes on bitcoin price could be due to it's 24/7 trading time while gold are trader for less than 12 hours a day.

[Kakmakr]

The most controversial reason for the stability of Gold, is the market manipulation that are happening in the background by supposed large Gold cartels. Go read this book about the subject : The Gold Cartel: Government Intervention in Gold, the Mega-Bubble in Paper, and What This Means for Your Future - Author : Dimitri Speck // Publisher: Palgrave Macmillan UK   ( Central banks don’t act on their own, but cooperate
with private institutions. )

I quote from the Book : " ‘We can hold the price of gold very easily.’ - Fed Governor Wayne Angell in July 1993

Now, with Bitcoin things are a little bit different, because the price is determined by actual supply and demand on the open global market. This makes manipulation a bit more complex and more difficult. (not saying it is impossible, because some Whales presumably still manipulate the Bitcoin price.. but this has not been proven yet.)    

[Artemis3]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Because gold has been traded for thousands of years, while bitcoin has existed only for 11. Like gold, bitcoin production is declining; unlike gold, it is with absolute certainty that no new sources will ever be found.

And, unlike gold, your gov cannot seize it from you, like the USA gov did for most of the 20th century.

You say "lose" but you seem to forgot it just "gained" $2000. On the other hand, there is also the thing you are comparing it against, the USD, is also going up and down as well... And, the politicians can duplicate and triplicate the number of existing USD overnight, while nobody can ever do that to bitcoin or gold.

[seramania]

bitcoin has a low volume and high price, bitcoin was created to trade and dominate finance in cryptocurrency, many bitcoin owners prefer to trade bitcoins rather than long term deposits. because the price of bitcoin is very fast and it is too risky for those who store bitcoin long term. that is why bitcoin cannot be as stable as its position in crypto, for bitcoin prices remain unstable at any time

[affandi]

What's up with you, why are you still comparing gold with bitcoin. look at their age, gold has existed since time immemorial and has been well received in the eyes of the world, while bitcoin, he is still young and is looking for a way to win and the world also still doubts its existence. The price of bitcoin changes very quickly, but behind all that, many traders take advantage of the price volatility to profit.

[lebregone]

Bitcoin is designed that way unlike gold or usd, bitcoin can easily decrease it's price pretty bad in just a day and can easily increase also within a day. It's price is
very unstable but if you are looking for stable currencies then there are many that are already existing right now like USDT and etc.

Bitcoin price are base on it's demand, once the demand will skyrocket within that day then it's price will skyrocket also but if some big holders will decide to dump their
holding within that day then the bitcoin price will surely to go down easily. This is the reason why many traders are making it as their opportunity to earn a profit.

[Sanugarid]

Here we are again, gold and bitcoin, why bitcoin is so volatile and gold isn't when they are built for storing values. c'mon peeps.

These two were designed differently but they have the same purpose and that is to store value. Now the difference is how they are created, gold has intrinsic value which can be found in its material composition while bitcoin is powered by money, supply and demand. Don't get me wrong, gold is volatile too, its price moves up and down but the rate is not as the bitcoin has.

If you are considering on buying an of these, try to have a weigh in of which is which that suits your personality. Coz me? I'm a risk taker and will go for bitcoin.

[bayu7adi]

In fact, if you understand an asset that is truly real, proven, real and whatever is included in the nature of gold, then you will believe more. Gold is the highest caste that can be used as a measure of one's wealth in real terms.

If you compare gold with FIAT money, the difference is how to make it. Gold is obtained very hard and is a limited resource on this earth, even gold cannot be made by the money maker. Then, FIAT money, which is currently circulating in your wallet, is an object made by humans using paper media and the amount is unlimited. The more money is printed, the more devastated the price will be.

If you are aware, that it is not the price of gold that has gone up, but the price of USD has gone down. It can be confirmed that it is the result of the large amount of money printed today.

In Saudi Arabia, in ancient times, the price of a goat was 1 Dinar. And 1 Dinar money is made of 22 carat gold weighing 4.25 grams. And if you know, that in Saudi Arabia today the price of a goat is still 1 Dinar.

The dinar is made of gold, and gold is real currency. The quantity is limited, the ingredients are very difficult to find, the intrinsic value is clear.

Bitcoin can be a modern currency under the Dinar and it is very reliable if all BTC in the wallet which is said to belong to Satoshi Nakamoto is burned. The cause of bitcoin is not stable is a lack of trust. The total supply is already limited, but there are still giant wallets that control most of the circulating BTC.

[Kez1817]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold was already known and used ever since. Gold is a treasure from the nature, a real asset that you can touch and hold with a great value because of limited supply of it. You can't find it easily nor produce using your fiat money because is a natural resources. If we compare to bitcoin,they are both valuable and limited in supply but they are different in creation because bitcoin was created as a digital currency with a volatile elements in terms of it's value that's why it was not stable unlike Gold. But this volatility give us more profit through investing and trading much higher profit than owning one gram of gold. But always be careful because volatility can't only give you profit but also loses.

[ShowOff]

-snip-

Although gold is a limited natural resource, but gold will continue to be produced every day, week, month and year which will make it continue to grow. Whereas bitcoin only has a total supply of 21 million which makes it rare. If limited natural resources such as gold are no longer produced through mining around the world, I believe the volatility will be much higher than it is now.

[kryptqnick]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

People who invested in gold in 1900 would be surely dead by now, so not a great investment if is pays off after you die. Moreover, people who invested in Bitcoin 10 years ago would have significantly better returns by now that those who invested in gold and waited for more than a hundred years. So the way I see it, gold is good for keeping a fortune, not making it. You can lose a bit, you can win a bit (if we're talking about reasonable time periods like a few years), so it's a safe bet (if you don't literally keep gold at home and get robbed, of course). With Bitcoin, you can lose a fortune, make a fortune, or end up with more or less what you've initially invested. So it's more risky, but also more rewarding.

[crwth]

Basically, there is a lot of speculation with Bitcoin. Everyone can be considered a speculator. It would just depend on what approach the person would do. Examples are

• Trader - Speculating always depending on the market trend
• HODLer - speculating that the price would go up
• Bounty Hunter - speculative approach to different projects
• Watcher - just spreading the news on what goes by with the crypto world, helping the hype

Depending on who you are would contribute the smallest amount on the market, but most of the movement comes from whales and trading bots for sure.

[peterpanda]

Gold and bitcoin is not same thing here. Gold is familiar and running from ancient where bitcoin is new and many people are not familiar with bitcoin. That's why bitcoin is unstable.

[MCobian]

I agree that Gold is also unstable like Bitcoin, but Gold is less volatile. Many people consider Gold stable, but the reality is not like that.
The price of Bitcoin is very volatile and unstable because it is new, so Bitcoin holders not as much as Gold. More and more Bitcoin holders
should be making less volatile, moreover many countries that legalize Bitcoin should the Bitcoin price be more stable.

[taufik123]

There are many reasons why bitcoin has become unstable, one of which is because Bitcoin is a new technology that is still unknown to ordinary people. The new technology will go through a hype cycle which at first was only known and used by a handful of people, then slowly the new technology is used by the general public and suddenly there will be some opinions that appear or with exaggerated statements about the new technology.

This is what makes bitcoin price very volatile, investing in Bitcoin will also affect emotions. A lot of good and bad news will be scattered around trying to influence the price of bitcoin.

[mezzaluna]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

That is actually good right? Since Bitcoin being unstable can provide lots of opportunities for us users investing on it. Some are saying that Bitcoin is the equivalent of Gold in the Digital world but we are now seeing some Alternate Cryptocurrencies that is being backed by Gold and that is some advancement in the Cryptocurrency Industry.

[Latviand]

Although gold is a limited natural resource, but gold will continue to be produced every day, week, month and year which will make it continue to grow. Whereas bitcoin only has a total supply of 21 million which makes it rare. If limited natural resources such as gold are no longer produced through mining around the world, I believe the volatility will be much higher than it is now.

Gold and BTC both have limited supplies but the only difference is that we are aware about bitcoins total supply in the world while we don't have any idea about the total number of gold.

Du to that awareness about their count, I must say that bitcoin is much volatile and can become more profitable in a short-period of time. While Gold is good for a long-term investment or holding because it is true that it has a changes in its price but not as huge as bitcoin. But if I will choose between the two, I will try to invest on them and prioritize the use of bitcoin much more.

[VanityWallets2015]

Bitcoin is a recent product of technology, an online entity, made with a volatile nature.
Gold, on the other hand, is an entity existing for centuries, which is much valuable.
These two cannot be really compared since their origin is very different.

[Bitcoin_bullish]

Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

According to this website (link), $20 in 1900 is worth around $617 today so gold was indeed a good investment (inflation-adjusted) as it is priced close to $2000 today. The real price of gold is at a 3x premium currently since 1900. It is a great investment but not as much as you think as the dollar is a fiat currency prone to constant devaluation through excess printing and inflation.

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold is a nine trillion dollar market currently. Losing 25% of its value would require a massive event that would result in liquidations of reserves of Central Banks.

Bitcoin's market cap is currently just a fraction of gold. Still, if you look close to Bitcoin's chart from the beginning the dips are less frequent and to a less extent as in the past. It is believed that in case Bitcoin manages to reach gold's market cap (~$450,000 per BTC) price will have way less fluctuation.

Perhaps a macroeconomist can shed light on this.

[jpnl0006]

Bitcoin was designed to have its price regulated by market forces adn not peged to any particular fiat or commodity. It is therefore at the mercy of traders to regulate the price and therefore expose it to volatile market forces. It will remain volatile thereby keeping the price unstable for a very long period of time and also proving to be a worthy investment for traders.

[rodskee]

Somehow that difference is really big, having gold has its physical appearance assure the one who has it unlike to bitcoin which is a digital currency that doesn't have a physical thing.

With your argument, it can be added that gold are being use in more other things unlike bitcoin which mostly
use as store asset and payment transaction process.

Bitcoin could reach a low amount of market price easily because of that difference, it just gold can be more valued and bitcoin was just because of the demand in the market.

More on speculations where bitcoin get its value, investors trust and adoptions coming from businesses make
more newcomers to have interest to invest
with this investment currency, the value depends from people who trusting the system unlike gold where it's
been decade far from the value that it have now.

[jerrison]

The whole concept of Bitcoin was not for it to be pegged to fiat or any stablecoin but to create a digital value that is void of interfernece from government agencies and international financial policies. The deccentralised technology leaves everything about the technology in the hands of the traders who at every point in time choose what to do and what to sell of their digital property, hence, the volatility of Bitcoin price.

[Viglione]

Bitcoin is cryptocurrency. we use it from last some years.Other Hand gold  use from   many many years ago.so, gold is stable.

[Mahanton]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Simple.

Bitcoin = Digital currency/ not backed by government/ Decentralized / not considered as asset,stocks etc.

Gold = Precious metal/ Does have physical form.

You can compare the two but you cant really able to push that they are similar.Bitcoin price movement does always signify about supply and demand but we can actually
able to see the difference about price volatility.

[semobo]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Availability of Gold is vast compared to the availability of bitcoin and also Gold earned the trust because it has been used as form of currency and assets for centuries but bitcoin was just created a decade ago so it is not dispersed as Gold so people who got more of the bitcoins can easily trigger the price manipulation.

[carlisle1]

Bitcoin instability when it come to it price shouldn't be compare to stable currency or stable coins. Gold itself isn't stable but less volatile if compare to Bitcoin. Also, remember that, Gold has been in existence compared to Bitcoin which came into existence just some few years ago, so, why comparing the two?. Believe me, Bitcoin will definitely be less volatile if it exist as much as gold. Gold, Silver, Diamond and Oil aren't stable but less volatile compare to Bitcoin and they have been in existence from ages.

Gold established It's value way back being classified as precious metals the existence already being embraced all over the world,
there's no place that won't recognize gold.

While with bitcoin, we can say that it's not that much who understand this system, value depends from how traders and investors
make their moves.

In terms of existence, let time to decide what future will be for bitcoin and how big it will turned after being adopted by more end users
around the world.

[FlightyPouch]

Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.

[posi]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years.

Gold is a safe haven commodity but it has also downtrend to $1968 right now.

Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong.

This is the betterment early investors of very potentials investment always enjoy and it never too late for us all to invest in Gold before it too late.

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bitcoin is volatility in nature and the level of demand and supply in the market are what determines its price. Gold in the other hand is a government supported and well adopted precious metal around the whole world. However, there is a limited gold mining factory these days, and I also read that there is 30% of the gold left to mine around the world. I believe these are what trigger the surge in the price of gold lately.

[suryogandul]

bitcoin was created for commerce and like money, it rotates very quickly. gold was created for savings so turnover of gold is very little and slow. that's why bitcoin is currently unstable, because the turnover of bitcoin every time is very fast and high

[Savemore]

Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.

Gold is valued based on different factors that aren't a speculative event for the cryptocurrency markets. As cryptocurrency is speculative it reacts to any small changes in the market volume due to any of the incidents happened relative to the cryptocurrency market. This at times cause large level fluctuation, which is the reason for unstable situation prevailing with cryptocurrency market.

Another thing is the market size and the liquidity level. Compared to gold the market of cryptocurrencies were very low, maybe when the market size grows we can expect more stability.

The volatility of the bitcoin is normal and it is really one of its characteristics, what is not normal if the price became stable. The reason why the price of the bitcoin is always changing minute to minute because of the huge market participants, there are a lot of people who constantly buying and selling bitcoin. Be also aware that the market is driven by emotions especially by greed and fear. If the market is uptrend, the main emotion is greed where people keep buying and the price of the bitcoin keep increasing while if the market is bearish the market is driven by bearish where the price is gradually decreasing. In terms of comparing the price of the gold and bitcoin, bitcoin is more volatile but gold cannot consider as stable especially when talking about gold futures market.

[charlesmichel1]

If you want to know why Bitcoin is so volatile, you should answer the question "why do Bitcoins have value?". It's impossible to name a single reason. Bitcoin's price and volatility depend on many different factors.

[Rafiqul]

Gold has been used as a store and luxury item since ancient times. Yet most countries in the world keep gold as a backup of their reserves which minimizes its volatility. Gold prices are regulated in the international and domestic markets. As a result, the gold market is less likely to be volatile.

Bitcoin, on the other hand, is a digital currency with limited supply and no regulator. Its price fluctuates on the market demand. Bitcoin as a digital currency can be traded in the fastest time at low cost, so its use increases a lot. There are also whales with bitcoin who live in large quantities and manipulate the market which reflects high volatility.

[dansus021]

There's lot of factor i think

one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time  that my thought

[Assface16678]

Bitcoin is one of the very first coins which is conquering the whole market price of the cryptocurrency we all know that only a few people support this coin but by the time goes by they see the potential of this coin to make a good market profit and some of the people encourage to support this coin.


Why is the market price of the bitcoin is unstable the reason is many people make an investment with this coin and some of then are making trades,  how about the large movement is the coin? It's because of the whales all known as one of the biggest investors sometimes they are the manipulators, even this is a decentralized coin if you are one of the biggest investments you can really manipulate the market price of the coin.

[hulla]

Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.

The decentralized in nature of Bitcoin was not the reason why its price is unstable and what I understand is that everything items that its price was determined by the demand and supply stance in the market will be unstable in price. Meanwhile, Gold was also unstable in price despite that it was used as a federal reserve but it not volatile in nature as bitcoin.

There are many reasons why bitcoin has become unstable, one of which is because Bitcoin is a new technology that is still unknown to ordinary people. The new technology will go through a hype cycle which at first was only known and used by a handful of people, then slowly the new technology is used by the general public and suddenly there will be some opinions that appear or with exaggerated statements about the new technology.

This is what makes bitcoin price very volatile, investing in Bitcoin will also affect emotions. A lot of good and bad news will be scattered around trying to influence the price of bitcoin.

There are many reason why Bitcoin is unstable but it not because it seems to be a new technology or unknown by most people and everything that is assest, commodity or currency is expected to be unstable in price. Understand, that gold have been around for decades and it price is also unstable. 

[kevinzxz]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

because every big profit has a big risk too, so if you look at the price movement of bitcoin then you will see that the price of Bitcoin is increasing faster than Gold, so that the profit you get will be faster if you invest in Bitcoin rather than Gold, but it makes the risk of investing in Bitcoin higher than you are investing in Gold, because the price of Bitcoin can fall very quickly than the price of Gold.

[Yamifoud]

Don't get bothered that mate, the volatility feature that Bitcoin has makes a lot of things different from how it looks and how it is getting far from the rest of cryptocurrencies and the gold as well. If we are asking when it become stable? You'll probably aren't be getting the answer coz it is actually what Bitcoins since before and we can never change that looks.

And besides, people love it not because of its price but because of its being more volatile than you've compared to gold. Accepted to have a high risk in Bitcoin investment but this is also a way it makes people become profitable than investing (less volatile) gold

[Eugenar]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Both Bitcoin and Gold are not stable. It is just that Gold has a less volatile market value compared to Bitcoin and other cryptocurrencies. The reason why a market value of someything moves up and down is because of the demand-supply relation.

This is just subjective a subjective opinion. But if we would compare Bitcoin and Gold, Gold existed for decades already while bitcoin is in 20's if I'm not mistaken this may also be a factor since it took years before its market price to be less volatile. Another thing is that Gold is being used before as a store of value, daily purposes such as making merchants and the likes, and also for trading goods across countries before and up to this point. Given that Bitcoin is not being used to most of the countries as of now as a medium for services and other daily use, except for being an investment or store of value. That I think is also playing a role why the market price of Bitcoin is too volatile. But this is just a guess.

[FlightyPouch]

Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.

The decentralized in nature of Bitcoin was not the reason why its price is unstable and what I understand is that everything items that its price was determined by the demand and supply stance in the market will be unstable in price. Meanwhile, Gold was also unstable in price despite that it was used as a federal reserve but it not volatile in nature as bitcoin.

It is, you said that it was determined by the demand and supply stance in the market that is why I said that we users and investors are the one controlling it since every movement of bitcoin in the market can affect the price. I can say that decentralization is the root of it since without a body actually controlling the price, it is affected by those who holds the most, sometimes huge hacks and scams.

Also, I didn't say that gold is not unstable. I just said that the potential of it increasing in terms of price are high. It is also volatile but as you've said it, it is not as volatile as bitcoin.

[Twentyonepaylots]

There's lot of factor i think

one of it
I think the bitcoin price is unstable because everyone can mine it
when everyone can mine the coin, one person or corporate can dumped it at any time  that my thought

So basically what you are trying to say is that because of the decentralization bitcoin so unstable and it is simply works. There are available bitcoins always and any one can move freely in and out the market making the instability of bitcoin at its finest. It starts of with mining, they can just sell it out once they mined it but I doubt they are really doing that during these days coz bitcoin can potentially reach its ATH this year.
And yes, gold, uhmm we can assume that it won't lose its value even if the world economy is disastrously bad.

[CryptopreneurBrainboss]

For an asset/commodity/currency or whatever you choose to call it, with very high speculation ongoing in its market backed by lots of developing yet been this stable (especially) in the past couple of months irrespective of it trading between a certain amount is unfair to compare it with an asset that have been around for centuries. Gold has has been around since BC if I still remember my Bible stories correctly.

It's just a matter of time before bitcoin gets the that level of stability but until then we just have to enjoy the ride. Bitcoin is unstable because it has real value, and low supply coupled with very high demand so you don't expect a new hot asset ti he boring. Gold is just boring if you have tested what bitcoin can offer.

[femi-yoghurt]

If we were to put gold and btc to be created ar the same time
I can be so sure that bitcoin would beat gold in terms of value
Bitcoin was created 2008 and see how far it reached unlike gold which was created tens of years ago

If I was to choose between gold and bitcoin
I would pick bitcoin

[#dhabitamartha]

Bitcoin is an object that is invisible and cannot be held but has a nominal value that can be exchanged for tangible goods or money, unlike gold that can be used daily in the form of jewelry but bitcoin also easily jumps high and falls drastically because bitcoin is like world stocks which is not statistical but cumulative, it is the advantages and disadvantages of bitcoin that make many people curious every day

[Agios]

Gold has been used by people as a safe heaven, while bitcoin is not currently used as a store of value but as an investment (make profit). Bitcoin is also very easily influenced by news, and the state of the global economy.

[molsewid]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

If you compare the price movement of Bitcoin in gold you can see why you can't lose 500$ within one night. Bitcoin's price is affected by news and can pump or dump easily because of that. While gold can go up and down but can't dump too much. Bitcoin is a high risk investment compare in Gold, and Gold is a long term investment to earn that much not compare to bitcoin that you can lose or win easily.

[AakZaki]

Basically, there is a lot of speculation with Bitcoin. Everyone can be considered a speculator. It would just depend on what approach the person would do. Examples are

• Trader - Speculating always depending on the market trend
• HODLer - speculating that the price would go up
• Bounty Hunter - speculative approach to different projects
• Watcher - just spreading the news on what goes by with the crypto world, helping the hype

Depending on who you are would contribute the smallest amount on the market, but most of the movement comes from whales and trading bots for sure.

Observers will give hype which is very influential on the price of bitcoin. a lot of good and bad news spread. Of course, these are several reasons why bitcoin is unstable. FUD is scattered everywhere, Good News always comes and makes prices go up.

Whales take advantage of all opportunities to have an immediate effect on the bitcoin market. whales control everything.

[coinfinger]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

You are talking about those who invested in Gold at the rate of $20 in 1900, and you forgot that the Bitcoin you’re seeing today that is worth well over $11,000 was once sold for even less than a dollar, so those that invested in Bitcoin then were not lucky?

I know that if you were among those you would not say that Bitcoin is not good, because you will have a thousand profit.

Another thing you have to remember is that gold has been since whatever time it came to be, which we can’t really, but we all know that bitcoin was created in 2009 by some mysterious guy, so chill man. Bitcoin is volatile and it goes down at any time, but there are also times it goes up.

[kawetsriyanto]

Bitcoin isn't Gold, mate. Why do you compare Bitcoin price with Gold value? Anyway, as an investor, I prefer to buy a coin with high volatility than buy a coin that has a stable price. The stability in price means a small chance to get a bigger profit. I think instability in Bitcoin's price isn't something bad at all. Not only about the decrease, but the price also can increase significantly only in a short time. So, you actually can take advantage of the instability in Bitcoin price to a high profit, not only a risk.

[GeorgeJohn]

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

I taught bitcoin was established in 2009 instead of 2008, although gold has been into existence before creation or discovery of bitcoin, and them gold has more values.

[FlightyPouch]

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

...although gold has been into existence before creation or discovery of bitcoin, and them gold has more values.

And that length of time that gold existed can also prove how it is also unstable. Bitcoin is still a newborn comparing to the years gold is used but even though with its instability, in the long run, it is also giving stable profits to people that is why more and more people are drawn to it. Gold may be stable in the long run too but bitcoin can give more profit from it but with a higher risk.

[Alert31]

Why bitcoin is unstable? It's because it was created with that feature or characteristic. And everyone earn profit because of that. We can't compare bitcoin in Gold because they are far different. Gold is from the nature and it is already exist from the beginning while bitcoin was just created by a person last 2009. They have both limited supply but still they are different.

[UserU]

I taught bitcoin was established in 2009 instead of 2008, although gold has been into existence before creation or discovery of bitcoin, and them gold has more values.

It was invented in 2008 but started to circulate in 2009.

[bandungan]

Bitcoin isn't Gold, mate. Why do you compare Bitcoin price with Gold value? Anyway, as an investor, I prefer to buy a coin with high volatility than buy a coin that has a stable price. The stability in price means a small chance to get a bigger profit. I think instability in Bitcoin's price isn't something bad at all. Not only about the decrease, but the price also can increase significantly only in a short time. So, you actually can take advantage of the instability in Bitcoin price to a high profit, not only a risk.

for some people compare bitcoin with gold because they are the same for investment. but the difference is stable investment gold and unstable bitcoin. yes as you said if we choose stable coins our profit is small but low risk. However, if you choose a coin with high volatility you will get a big profit but a high risk. and gold is at low risk, while bitcoin is at high risk

[mksundip]

The increase in gold is very long and even though gold has increased, you cannot directly pump it to a price above 10%, only a few percent. and most people prefer gold for long term investment not for trading, so I think gold is different from bitcoin. because bitcoin is basic for short-term trading and the price is fast changing

[Velkro]

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bigger market capitalization in short and goverments store their value in gold currently.
This is simple answer, in reality Bitcoin is not as violatile as people see watching price graph 30 times daily.
If you would check price of gold in similiar way of bitcoin it would turn out very closer as you would think.

[Lizzie_Girl]

Why do you ask such dumb assey questions? >.< Do you really need to know this or are you just doing it for the sake of making a post?

Crypto is new. (only 10 years old) gold is ancient. This is enough in itself to answer you.

There simply are not enough people using crypto like there are fiat that is why it price rocks like that. TO change the price of fiat you will have to make a massive amount of money that can offset an entire worlds trading currencies. TO make the dollar go up or down you will effect every other currency too and that is a massive capital. Bitcoin has a much lower capital so a few whales can manipulate the price.

[DeadCoin]

Gold is much more ahead compared with Bitcoin and technically we couldn't be paired it because the distance between each value of resistance is not the same with a normal stage due to the interval. Instantly, the position of gold already has a synchronize motion as a physical source as well it also remains an unstable and limited collaboration. Normally, Bitcoin is unstable with the caused of volatility system, but financially it is ready to pair and working faster to each process which seems with the unlimited transaction even though it is totally young.

[Insanerman]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Just also think those people who invested on bitcoin when it's value is below 70 dollars  and decided to hold it for a long term until it reached thousands of dollars in value.
How much do you think they profited? The Return Of Investment is so high if you will think of it. Gold's ROI is compared to the ROI of BTC.

Bitcoin can lose 500$ within one night. Gold can't. Why that?

It is because bitcoin is much much volatile than gold in fact it can also gain more than that or even lose more than that.

[ufaiz50]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Because it is based on supply and demand, this has become the market logic of how much demand but limited supply. Especially bitcoin is decentral where there is no special organization that has the power to make bitcoin stable. Gold has a government behind it because and the price is indirectly based on the economic conditions of the country.

[Bezobraznike]

Well, all assets started as unstable. But in reality there's no stable asset class. Even fiat is not stable. But the reason bitcoin is not stable is simply because it is a new asset class. People are still finding it's real value, it is called price discovery. Since it is very new, it is still finding it's stability. But overtime, maybe after all the coins were mined, it will become stable. When most people are using it. But such is the nature of bitcoin, it is still speculation. Even though it has use case -- transfer of value, it is still speculation currency. Who knows. Maybe hundred years from now, it will become the defacto currency of the world or maybe it will lose it's value and  go down to zero. Who knows right? But in the next coming halvings, I think it will reach it's relative stability. As of now, if that is what you are looking for. You're not in luck. Better yet, play with it's instability as long as you can, you can earn from the spread.

   Nonconformist you are right, there isn't a stable asset, every asset fluctuate according to supply and demand. Except the reasons
you mentioned there is one more thing, crypto-market is a free market! In free market you will have fluctuations, where anyone
will create buy and sell orders as they pleased.
   As long-term holder I am not obsessed with daily and weekly changes. Traders will speculate, holders will hold!

[Sadlife]

Gold is an established asset, many Institutional investors and Governments trust it given its been around for more than thousands of years.
While Bitcoin is a child asset and only been around for more than 20 years, surely with its new innovative technology and much harder concept to understand by the old business men, in their perspective its nothing but a bubble asset, that will pop anytime soon.

[Leviathan.007]

Because Bitcoin and crypto market both are still too young and the total marketcap is not high enough. That's why anyone with million dollars of money can easily dump or pump the price. Also, there are many whales controlling the bitcoin market with huge amount of bitcoins they got years ago with ten dollars or even less. By the way, in my own idea after a few years, maybe we will see bitcoin in more stable situation.

[witcher_sense]

Also, there are many whales controlling the bitcoin market with huge amount of bitcoins they got years ago with ten dollars or even less.

What made you think early adopters of bitcoin would be pumping and dumping the price of bitcoin? That fact that they bought bitcoin when it was cheap rather speaks for their foresight, they were believing bitcoin would succeed and they have been right so far. I doubt the goal was to speculate and manipulate the market when bitcoin is valuable enough. My guess is we have unstable market nowadays is mostly because very few people have the same confidence as early adopters had. They are still uncertain if bitcoin will be demanded in the future. Moreover, it may be the most people are wrong and the time for early adoption is not over yet. People still have plenty of time to buy cheap bitcoin and become early adopters in case it stays here for centuries.

[taufik0911]

You have to keep in mind that Gold has been around and used as a form of currency for thousands of years.  It's been used by modern day governments as a back to their currency.  Gold has physical real world uses to boot.  Bitcoin is a cryptocurrency in it's infancy.  Stabilization will take time.

This is very interesting, I have previously expressed an opinion like this
but in my opinion the price of bitcoin will never remain stable like gold unless bitcoin is recognized by all countries in the world and can be used anywhere
There is also a possibility that bitcoin cannot be used as a daily transaction tool due to too expensive fees and slow transaction speeds

[goldade]

Bitcoin is still unstable unlike gold because of certain factors.
1. Gold has been here for thousands of years while bitcoin and crypt I currencies are relatively still very young.
2. Bitcoin cannot be as stable as gold because it has not been generally accepted. Until bitcoin is accepted by everyone can it be as stable as gold. Until then, we'd have to make do with the volatility of bitcoin.

[ArcheAdvertising]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

You have to take into account many factors, although bitcoin has a lot of similarity to gold.
1) Gold has been used for hundreds of years as a value asset, in recent years it has become a liability but its value is stable basically because its market is already mature.
2) Although bitcoin is perhaps at its highest peak since its creation, it has not yet diversified enough to be stable, for example if you look at more than 65% of circulating bitcoin are in the first 50 wallets. What does this mean? that large holders move the price to their advantage, so probably once you find a fair distribution the market will be "stable".

[kemoglo]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

It's too new, the more people adopt it the more stable it becomes. We're still in the early adopters stage

[tabas]

2. Bitcoin cannot be as stable as gold because it has not been generally accepted. Until bitcoin is accepted by everyone can it be as stable as gold. Until then, we'd have to make do with the volatility of bitcoin.

It is starting to be accepted by many people and the acceptance is the same as gold, being a store of value. Just like the early days of gold, being a means of transfer and payment but turned out into an asset and store of value. We are seeing the transition of bitcoin as the same as gold.
More of today, it is being considered as an investment and store of value than a payment although it's not ignored as a payment because we're still using it as it is.

[minersday]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

You should first understand that Gold is a mineral (natural resource) and Bitcoin is a digital entity based on a decentralized ecosystem where its market value is determined by the entire people on the platform or blockchain network. The unstable nature of Bitcoin is due to the fact that everybody in the bitcoin ecosystem can influence the market value so far as they have enough of Bitcoin. Decentralization of the Bitcoin ecosystem is the cause of the unstable nature of Bitcoin.

[Majharul Saiif]

Since the beginning of the world, gold has been very effective in usability, usefulness, and determination of money. Being a natural resource, people are not yet aware of its demand and supply. But there is no doubt that it is a valuable asset. Bitcoin - online-based money and it's management system are not well yet and its values are not risk-free. So it has not still become stable.

[Jatin thapar 01]

On comparing the Bitcoin with gold, it is crystal clear that gold is being used from ancient times also in the form of currency, whereas bitcoin was being invented around 2008. Every type of commodity needs time to stabilize its value in market. We can not surely say that bitcoin will never stabilize, it will take much time to settle and make itself exist in the market. To conclude, I would like to say that bitcoin will also become stable one day but only thing it require is time nothing else, so we should give it sufficient time and also to people who invest in it to recognize this currency.

[ilovealtcoins]

I think bitcoins have a low market cap and not many large institutions own them. Bitcoins trade on exchanges lower than the bitcoins stored in wallets so they are more susceptible to manipulation. The gold market is very large, countries own gold, investment funds own gold. Above all, gold is not as easily stolen as bitcoin. Bitcoin has been taken away from cryptocurrency exchanges in large numbers over the years. As long as news of a cryptocurrency exchange is stolen, bitcoin will instantly depreciate.
The problem here is that bitcoin's liquidity is lower than gold.

[UserU]

On comparing the Bitcoin with gold, it is crystal clear that gold is being used from ancient times also in the form of currency, whereas bitcoin was being invented around 2008. Every type of commodity needs time to stabilize its value in market. We can not surely say that bitcoin will never stabilize, it will take much time to settle and make itself exist in the market. To conclude, I would like to say that bitcoin will also become stable one day but only thing it require is time nothing else, so we should give it sufficient time and also to people who invest in it to recognize this currency.

That would take years, since the supply of the 21 million hasn't been fully reached yet.

[imstillthebest]

On comparing the Bitcoin with gold, it is crystal clear that gold is being used from ancient times also in the form of currency, whereas bitcoin was being invented around 2008. Every type of commodity needs time to stabilize its value in market. We can not surely say that bitcoin will never stabilize, it will take much time to settle and make itself exist in the market. To conclude, I would like to say that bitcoin will also become stable one day but only thing it require is time nothing else, so we should give it sufficient time and also to people who invest in it to recognize this currency.

That would take years, since the supply of the 21 million hasn't been fully reached yet.

does it means all btc must be mined for that stability to happen ? why this doesnt  apply to gold ? when gold is supply is unknown or it can be much more than to bitcoin but gold now is stable .

 gold is much accepted so that must be the reason while btc , hmm not really ? but btc is divideable and there is no need to wait for all that btc to be mined just to spread the btc and its use.

[Rafiqul]

I think the cryptocurrency market is always volatile; This is a normal thing. Bitcoin as a digital currency has no regulatory authority, its supply is limited, its price is determined by the market based on demand. There is also positive news and negative news that greatly influences the rise and fall of bitcoin prices in the market through social media.
Gold, on the other hand, is a store of visible wealth. Governments in many countries reserve gold as a reserve. Like the fuel oil, the gold market is also regulated internationally. Governments play a role in controlling the price of gold.

[UserU]

does it means all btc must be mined for that stability to happen ? why this doesnt  apply to gold ? when gold is supply is unknown or it can be much more than to bitcoin but gold now is stable .

 gold is much accepted so that must be the reason while btc , hmm not really ? but btc is divideable and there is no need to wait for all that btc to be mined just to spread the btc and its use.

My guess is that it still remains as a highly speculative product since it's still not widely adopted like gold. In my country, I have yet to see a merchant that accepts Bitcoin.

But who knows once the supply starts dwindling (and hopefully it would see more usage by then), things might settle down because those lost Bitcoins could never be recovered and people start taking it more seriously.

[kerjakuat]

Bitcoin still can be controlled by a big whales that can be manipulated the market while the gold has a stable market then bitcoin where the price can go up and down very fast.. I prefer more to gold in a stable investment but it will take a very long time to reach financial freedom. So bitcoin will be good to get fast income as it was high risky gameplay but a big profit in return..

[TedMosby]

According to onlygold.com - history of gold,
the first use of gold as money occurred around 700 B.C.

meanwhile

satoshi nakamoto designed the original bitcoin protocol in 2008 and launched the network in 2009.

 

[skarais]

Bitcoin still can be controlled by a big whales that can be manipulated the market while the gold has a stable market then bitcoin where the price can go up and down very fast.. I prefer more to gold in a stable investment but it will take a very long time to reach financial freedom.

You are free to choose the best instrument you want to invest between bitcoin and gold. Bitcoin is very volatile because of its total supply and many people continue to speculate about its price. I think gold has had its up and down, but not as big as bitcoin. The price of gold is more stable than bitcoin even though gold is a finite natural resource. You dont need to force yourself to invest in bitcoin or altcoin if you don't dare to take the risk of loss.

[lumeire]

does it means all btc must be mined for that stability to happen ? why this doesnt  apply to gold ? when gold is supply is unknown or it can be much more than to bitcoin but gold now is stable .

 gold is much accepted so that must be the reason while btc , hmm not really ? but btc is divideable and there is no need to wait for all that btc to be mined just to spread the btc and its use.

Gold is much older than bitcoin and also is wayyyy more trusted and also been there for centuries than bitcoin, so the general public always trusts gold more than bitcoin.
Bitcoin will also become more stable once enough number of the users are present in the system. Also by that time I believe that bitcoin price would have reached at least $100k for sure. Still a very long way to go for the price to become more stable.

[Ridwan Fauzi]

Bitcoin's price movement history has made many investor afraid to keep holding bitcoin from their investment place. As you can remember when bitcoin's price touched its all time high $20.000 and fell to $3500 as its all time low has made the investor believe that he may need to think a thousand time to sell them when he has got profit.

It would be different in gold who didn't have the history's bitcoin price movement and also some factors like gold has been considered as safe heaven place to store money will make its investor comfortable to hold their gold in any situation. But, we just need a few time again to see it in bitcoin, after many instutional start to invest in bitcoin and also future market will make bitcoin more stable.

[nonconformist]

Well, all assets started as unstable. But in reality there's no stable asset class. Even fiat is not stable. But the reason bitcoin is not stable is simply because it is a new asset class. People are still finding it's real value, it is called price discovery. Since it is very new, it is still finding it's stability. But overtime, maybe after all the coins were mined, it will become stable. When most people are using it. But such is the nature of bitcoin, it is still speculation. Even though it has use case -- transfer of value, it is still speculation currency. Who knows. Maybe hundred years from now, it will become the defacto currency of the world or maybe it will lose it's value and  go down to zero. Who knows right? But in the next coming halvings, I think it will reach it's relative stability. As of now, if that is what you are looking for. You're not in luck. Better yet, play with it's instability as long as you can, you can earn from the spread.

[soulripper]

I believe when the first gold has found peoples still not interested to buy high as they do not know what gold can be used for. Back on it ages gold just like bitcoin where the community support the used of gold and long time past peoples now accepted the used of gold and what it can offer to the society. It just like bitcoin where now bitcoin still new and peoples still do not know what is the truth used for bitcoin tech. They scared to use bitcoin because they still doesnt know how to used bitcoin but this will be changed as the new generation will adapt to this tech and start to used this tech for their daily life which mean will bring a mass adopt to all over the world. its just a matter of time bitcoin will be accepted to the whole world.

[roadrunnerjaiv2025]

If the gold's price was stable, a chart would be like this all the time.



(Yep, I'm a charts expert, glad you noticed it  )

But that isn't the case at all.
There is a big difference between something stable and something less volatile. The fact is, gold is not so stable but has much less volatility compared to Bitcoin.

While you say gold doesn't lose $500 as it does with Bitcoin, that's not entirely true. Firstly $500 for BTC is not the same for gold as they don't have the same value basically. You need to talk with percentages, not monetary value.

Now continuing with your argument, you're wrong, as it happened gold has taken a big plunge, just like it did in 2013. On Comex, the fall in 1 session was close to 10%, the biggest drop in 30 years by the way.

Perhaps it happens less often than BTC but it really happens

This is quite helpful. Thanks for this. I'll have to read further on stability and volatility to better understand their relationship. ;-)

[kerjakuat]

bitcoin is very volatile mean while gold is more stable right now as the demand are always high. the supply of gold are very high but still they can manage the gold demand in top because the government are ready to backup gold if falling down. Bitcoin are more independent it has it own market and mostly or likely the market are being controlled by whales. Never know if it real or not but yeah who know if it real or not.That why the price are very volatile. Buy and sell are in hand of the investors totally..

[azmirihaque]

How you compare gold with bitcoin now. Gold is used all over the world as a valuable metals and as a store of value from hundreds of years ago. Bitcoin is a new comer and it has come to the market only few years ago. One day will come when Bitcoin will lead all the market and its value will be more stable

[Xembin]

Because is not too popular like gold,gold has been in market over a years, stable in investment. Bitcoin is not too popular like gold,bitcoin can go up anytime and drop value anytime.

[Sebas.tian]

Bitcoin is not stable because is wan designed in such a manner, although things can be slow when global adoption set in. Bitcoin being a speculative asset can't be find stable like gold, good isn't a speculative asset like Bitcoin, so, don't be surprise at their level of volatility. Also remember that, gold itself isn't stable because its curve isn't straight. Gold is less volatile than Bitcoin but comparing their existence, gold has been around and Bitcoin just came into play and can be stable as time goes on.

[FlightyPouch]

we cannot compare bitcoin with gold or other currencies due to some reasons. All countries around the world have their reserve in terms of Gold and gold is a real asset But Bitcoin is an internet currency. unless Regulations are made in Bitcoin, it  will remain unstable. After regulation in world we may expect its stability.

Bitcoin is not just an internet currency, it is a digital currency. Regulations may seem pretty good but it will not tell us how stable the price will be in the near future. It will secure the users in that country, it may boost adoption and that also means having great price changes. Because of bitcoin being decentralized, I don't think we will be seeing it not volatile.

[Shasha80]

Actually other investments are also unstable, even fiat is unstable. But indeed Bitcoin price movements are more volatile,
so some people call it unstable. The reason is Bitcoin adoption is still low and there are still many countries that haven't
legalizing Bitcoin, making Bitcoin's future unclear, this makes Bitcoin price unstable.

[Kong Hey Pakboy]

Actually other investments are also unstable, even fiat is unstable. But indeed Bitcoin price movements are more volatile,
so some people call it unstable. The reason is Bitcoin adoption is still low and there are still many countries that haven't
legalizing Bitcoin, making Bitcoin's future unclear, this makes Bitcoin price unstable.

Volatility is really the main reason why bitcoin and other cryptocurrencies are unstable and unpredictable, that is why it is hard to say when will the market will go up or down. But even we are in the middle of the pandemic, bitcoin have become stable in the $11,700 price that it doesn't go down below $11,000. It is also the reason why more people are buying and holding their bitcoins today.

[jerrison]

The business as relates to trading and gives bitcoin the so much acclamatized fame within the market sapce lies in the   instability of the financial value of bit. It enables bitcoin trading to be profitable and thereby creating an avenue for people to trade and make money and also encourage massive adoption. Just ensure to gather sufficient skill set adnuse the instability to your advantage.

[RokokGudangGaram]

Actually other investments are also unstable, even fiat is unstable. But indeed Bitcoin price movements are more volatile,
so some people call it unstable. The reason is Bitcoin adoption is still low and there are still many countries that haven't
legalizing Bitcoin, making Bitcoin's future unclear, this makes Bitcoin price unstable.

Volatility is really the main reason why bitcoin and other cryptocurrencies are unstable and unpredictable, that is why it is hard to say when will the market will go up or down. But even we are in the middle of the pandemic, bitcoin have become stable in the $11,700 price that it doesn't go down below $11,000. It is also the reason why more people are buying and holding their bitcoins today.

Good point. You can always look at this on the negative or the brighter side. As stated by the many its volatility is a factor why many are engaging with it and with the right timing of making decision it becomes profitable.

[yazher]

The difference is only whales who holds a huge amount of BTC and gold are scattered to every country out there. doesn't really matter if one country sold all their golds to some other currencies the price will not budge like what we have seen on bitcoin. Bitcoin on the other hand has some disadvantages because when the whales decide to sell their BTC in one shot, you can see the red blood market at once. not only BTC but the other cryptocurrencies as well. The volatility in Bitcoin is more crucial than gold because only a few have owned it compared to gold. even my grandma has some gold you know 

[Wratheye]

What external factors affect Bitcoin for all other currencies?

[junnar1968]

One reason why bitcoin may fluctuate against fiat currencies is the perceived store of value versus the fiat currency. Bitcoin's price is so volatile because of speculation. While it's possible to buy physical goods with Bitcoin in some places, the large majority of Bitcoin transactions are still investment based. As such, people buy and sell Bitcoins like they would any other investment.

[john_nautica]

Actually other investments are also unstable, even fiat is unstable. But indeed Bitcoin price movements are more volatile,
so some people call it unstable. The reason is Bitcoin adoption is still low and there are still many countries that haven't
legalizing Bitcoin, making Bitcoin's future unclear, this makes Bitcoin price unstable.

Volatility is really the main reason why bitcoin and other cryptocurrencies are unstable and unpredictable, that is why it is hard to say when will the market will go up or down. But even we are in the middle of the pandemic, bitcoin have become stable in the $11,700 price that it doesn't go down below $11,000. It is also the reason why more people are buying and holding their bitcoins today.

Good point. You can always look at this on the negative or the brighter side. As stated by the many its volatility is a factor why many are engaging with it and with the right timing of making decision it becomes profitable.

Indeed, volatility is what makes Bitcoin attractive to other people, because of the possibility of gaining more than what you invested when its value increases. While Bitcoin has the potential of becoming really profitable, its value is dependent within the community it has right now. Any activity of this Bitcoin owners will affect the supply and demand so as the value.

[BITCOIN4X]

Indeed, volatility is what makes Bitcoin attractive to other people, because of the possibility of gaining more than what you invested when its value increases. While Bitcoin has the potential of becoming really profitable, its value is dependent within the community it has right now. Any activity of this Bitcoin owners will affect the supply and demand so as the value.

Right, volatility can cause losses for traders and investors as well as can provide profit. Bitcoin and other crypto asset have never been stable because thats how people trade them. Supply and demand continues to influence the price of this asset and whenever demand increases, the price continues to increase and vice versa.

Bitcoin price is very difficult to predict but every development always gets a positive response on the market. Bitcoin and altcoin trading should be done with caution as it is very risky. Every trader can only minimize risk but can never eliminate it. I thought you knew about this.

[cheezcarls]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

For me, it's because Bitcoin has a finite supply of just 21 million compare to our local currency that has unlimited supply. Plus, no central authority are taking control of this cryptocurrency because it is operating under a decentralized technology in the form of blockchain.

These are some of the factors regarding Bitcoin's unstable price. Anyone, even a kid, can own Bitcoin rather than the traditional stocks which are centralized and limits only to the accredited investors. As we fully control our own decisions, that's where volatility is high depend if it goes high or low.

[kerjakuat]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

For me, it's because Bitcoin has a finite supply of just 21 million compare to our local currency that has unlimited supply. Plus, no central authority are taking control of this cryptocurrency because it is operating under a decentralized technology in the form of blockchain.

These are some of the factors regarding Bitcoin's unstable price. Anyone, even a kid, can own Bitcoin rather than the traditional stocks which are centralized and limits only to the accredited investors. As we fully control our own decisions, that's where volatility is high depend if it goes high or low.

We all aware that bitcoin are completed controlled by our own decision and sometime we also can make a lot of mistake that might losing our own money because of a lot factor like getting scam or losing or private key. Its was a high risk rather then gold that has it own physical values and can be stored in the bank in case we want it to be saved and can be insurance if it get rob. 

[skarais]

We all aware that bitcoin are completed controlled by our own decision and sometime we also can make a lot of mistake that might losing our own money because of a lot factor like getting scam or losing or private key. Its was a high risk rather then gold that has it own physical values and can be stored in the bank in case we want it to be saved and can be insurance if it get rob. 

I think you've said the right thing that bitcoin carries a higher risk than gold. In some cases, gold may be superior but bitcoin is much better as an international payment system. These two asset have their advantages and disadvantages but it is not advisable for anyone to invest in bitcoin if they are not willing to take risks.

[Xembin]

Basically, there are some reasons bitcoin is unstable such are:
1) New: Bitcoin is not to popular like gold, gold has been existing and well  know in the world  stable in all transaction.
2) Population: Bitcoin is unstable because is not to popular compare to gold that many people have been using over many years for business and other things.
3) network: network is one of the reason bitcoin is unstable,bad network can make your Bitcoin unstable.

[HiringYou]

Bitcoin can lose 500$ within one night. Gold can't. Why that?

In my opinion the main reasons for the volatility of Bitcoin are -:

• It's decentralized nature.There is no single authority to regulate it so no one can decide a ceiling and floor for it's price.
• The second reason is the limited supply and the varying demand of Bitcoin.No matter how high the demand is, the supply will be the same which will automatically increase the price.
• The manipulations done by whales according to their convenience is one more reason for the fluctuations in the price.

On the other hand if we talk about Gold then it is a centralized asset ,less volatile, has a clear demand pattern and the supply is also not limited which makes it more stable.

[Cryptoreflector_666]

Basically, there are some reasons bitcoin is unstable such are:
1) New: Bitcoin is not to popular like gold, gold has been existing and well  know in the world  stable in all transaction.
2) Population: Bitcoin is unstable because is not to popular compare to gold that many people have been using over many years for business and other things.
3) network: network is one of the reason bitcoin is unstable,bad network can make your Bitcoin unstable.

I think you have 1 and 2 points are exactly the same in terms of meaning. However, there is some truth in them-bitcoin compared to gold as a Bush and a big tree. People have been using gold for thousands of years, and bitcoin is just a new fashion phenomenon. Most likely, the situation will change over time, as everything is being digitized.

[Anna138]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

There is no point in comparing gold and bitcoin - these are two completely different things. Gold is not even a currency - it is what the currency is backed by. Gold is what gives value for any currency, and accordingly for bitcoin as well. Why doesn't anyone talk about silver or platinum? There are metals much more valuable than gold

[hotwheels798]

Well actually some points are come.
bigwhales
bitcoin miners
Some signal provider channels
some influence youtubers
because of them the price of bitcoin fluctuat a lot. As we all know Big whales play their game by spreading some panic news . BITcoin miners wont get profit from mining, the generated profit only capable to recover the electric bills  so the usually usually trade in heavy amount. As we all know when the buyers wll come in huge number , the price will increasing. So some signal provider channels and some influence youtubers also do the job to get profit. Recenlty we can heard about how dogecoin price pumped because of one TikTok video. So these are some fact Bitcoin is so unstable.

[SomeJasonGuy]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

The mistake most people make is think that bitcoin is store of value already. The reality is that i aims to be a store of value something in the future and currently is more in the space of an asset. Gold has been a store of value for thousands of years while bitcoin, relative to it, is in its infancy.

[tabas]

The main reason Bitcoin is volatile is its risky nature. Besides, the coins are finite, while its market capitalization is only a small fraction of traditional asset classes.

I understand it by rephrasing your words. Bitcoin's volatility is part of its nature and that makes it riskier than any of ther traditional assets and investments.
But just like any other investment, the risk that bitcoin gives is better than those. We get a high-risk and high-reward investment through bitcoin. There might some who will understand it incorrectly being defined like that.

[DatKing]

The reason behind why Bitcoin is so unstable is simple and clear. Bitcoin and all of the other cryptocurrencies are volatile and gold is not. There will always be a possibility for a cryptocurrency to fall or rise sharply. This is the main feature of cryptos.

[royalfestus]

The other description for this instability is volatility. Gold is also volatile but it is minimal compare to bitcoin, Gold is also deregulated. Main factor for the volatility is the speculative market which is determined by the market demand and supply. It is a deregulated market that is manipulative, as a decentralized platform it gives chance to a lot of factors for manipulation. Some think the whales, exchanges , the cycle and tokenomics are responsible for the manipulation.

[Pegiz]

Gold is an asset that has existed for many hundreds of years + it has a physical form, but what is bitcoin? It is just a digital asset that depends on many factors influencing it from the outside world.

[Shimmiry]

Bitcoin is different from gold, it is a digital currency while the other one is a precious physical object though some called bitcoin as "digital gold". Gold is known for centuries or more already while bitcoin is still growing and making its own name be known to everyone. Still, we are in the pace that slowly embracing the works of technology so bitcoin value may depend with future value of different online transactions.

[verita1]

I think that the volatility of Bitcoin is due to the fact that large investors are not interested in the potential that Bitcoin has but they use it at their convenience and they get richer and richer by manipulating the price. Maybe this is a mistake. Another point such as a technology that allows you to make fast transactions and the cryptocurrency market is growing exponentially, the funds that were initially from Bitcoin have been transferred to other cryptos.

[Renampun]

how can you compare the change in the price of Gold with Bitcoin...
gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.

[Amel]

Has the introduction of bitcoin ever been equal to the introduction of gold ? If you do a little research you will find that many people have not heard of Bitcoin yet. If you talk about gold all around, it has been around for thousands of years, gaining people's trust and people consider it an asset. Where Bitcoin's journey began barely in 2008. Give a little time and you will see that bitcoin has become a stable coin all over the world.

[Ayiranorea]

how can you compare the change in the price of Gold with Bitcoin...
gold is a symbol of wealth not only for the person but also for the state, gold has a tangible form & centralized. indirectly that regulates the price of gold is the world's powerful countries like the US. whereas Bitcoin is a decentralized asset that has no form where what makes the price change is the whale & demand that occurs in the market.

Yes, the demand makes bitcoin more and more valuable. In recent years bitcoin is gaining more and more stability making its value growth get compared with that of gold. As of now countries haven't started to have bitcoin as reserve to back the economy. There are few exceptions like Bulgaria holding bitcoin in large volume than gold to back its economy.

[marlo1001]

Actually, there are not so much traders in the industry. Every big trader could affect the price

[BuNga_cute]

I don't agree if Gold is said to have a stable price, because Gold is also volatile like Bitcoin. But Gold is less volatile, while Bitcoin is
high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.

[MShow]

I don't agree if Gold is said to have a stable price, because Gold is also volatile like Bitcoin. But Gold is less volatile, while Bitcoin is
high volatile. As an example based on the data I got from google, Gold price for October 1, $ 1905 and October 2, the price has
decreased to $ 1899. From here we can see the Gold price also continues to move in price, now back to the question why Bitcoin is
high volatile. There are several possibilities in my opinion, including whales manipulation, not yet legalized in many countries,
Bitcoin is young, and supply is limited. Those are some of the reasons that make the price of Bitcoin high volatile, I believe that in
the future Bitcoin will be less volatile like Gold.

If gold is less volatile, doesn't that mean it is less stable? Yes, bitcoin is very young unlike gold and this is the reason why people still don't trust it. But how can they change their attitude to this?

[coolbaughandrew]

Don't compare Bitcoin to gold. They have completely different natures. Bitcoin is too young to be so stable.

[Peanutswar]

The bitcoin is more active and unstable because there are a lot of users, member, investors, and business are using the bitcoin for their transaction. Also because of the demand. The same with the gold why it becomes expensive. The gold is commonly used for the transactions before, and because of the demand, it increases rapidly and uses for trading or payment. Next is the bitcoin because of the demand. We have a different sets of examples.

Bitcoin use for gambling
Bitcoin for investment
Bitcoin for payment
Bitcoin for trading

These are the common things we usually use with the bitcoin and it becomes volatile. Buy and sell.

[kotajikikox]

Simple answer?because this is volatile currency and at any chance it will go up or down depend on the demand from the people
 who uses this.

Like other currencies(fiat Specifically) this can be use in everything like what fiat is,though in limited country only because
adoption is still at waiting.


And you must love the idea of this not being stable because in same manner why people here are investing for a chance of gaining more than what
 normal trading platform can offer.

[jamesde]

Bitcoins is unstable since bitcoins does not have any physical value.
The US government  is standing behind the US currency, and there's no government standing behind bitcoins. Despite what some bitcoin supporters say, having governments standing behind a currency makes it more stable than having no governments behind it.

[witcher_sense]

The bitcoin is more active and unstable because there are a lot of users, member, investors, and business are using the bitcoin for their transaction. Also because of the demand. The same with the gold why it becomes expensive.

It is true that higher demand will cause an increase of the price of both bitcoin and gold, but their prices will fluctuate differently. Given that gold is relatively scarce asset, if demand for it increases, its price also increases correspondingly. Gold miners are incentivized to extract more gold because of increased demand and price. They want their business profitable, after all. What it means is they increase supply in response of increased demand, they satisfy that demand and make gold price stable again. Equilibrium is found relatively quickly. However, it doesn't work with bitcoin, because miners simply can't produce more bitcoins in response of demand. In this case, it is harder to find equilibrium because demand is changing fast, but it doesn't affect supply in any way.

[Altryist]

The bitcoin is more active and unstable because there are a lot of users, member, investors, and business are using the bitcoin for their transaction. Also because of the demand. The same with the gold why it becomes expensive.

It is true that higher demand will cause an increase of the price of both bitcoin and gold, but their prices will fluctuate differently. Given that gold is relatively scarce asset, if demand for it increases, its price also increases correspondingly. Gold miners are incentivized to extract more gold because of increased demand and price. They want their business profitable, after all. What it means is they increase supply in response of increased demand, they satisfy that demand and make gold price stable again. Equilibrium is found relatively quickly. However, it doesn't work with bitcoin, because miners simply can't produce more bitcoins in response of demand. In this case, it is harder to find equilibrium because demand is changing fast, but it doesn't affect supply in any way.

At the same time, the price of gold is more stable. In March, due to the pandemic, the price of bitcoin fell by almost half, which we did not see in the price of gold. And gold reserves are larger than a stable amount of bitcoin. Based on this, we can assume that the price of bitcoin in the future will grow faster than the price of gold, but the price of bitcoin will probably remain unstable due to large speculations.

[ReiMomo]

Simple answer?because this is volatile currency and at any chance it will go up or down depend on the demand from the people
 who uses this.

Exactly, because we in a bitcoin community who had bitcoin will make bitcoin becomes fluctuate the price because of the demand and supply circulating on the community who holds bitcoin. Just because of the fixed amount of bitcoin, it becomes high volatile price in the market and it is impossible to have stable price. I guess it's already answered of what the reason bitcoin fluctuate against fiat currencies.

It's a store of value assets just like gold or even investment in stock market.

[claire_lovely]

Actually I think that Bitcoin and larger cryptocurrencies to most degree are pretty stable. What you have to remember is that when using fiat as a base to compare to, there will be fluctuation, but that fiat is also fluctuating against other goods. As usage goes up and BTC is constantly traded, than stability will increase, but currencies are constantly in change. Forex trading is based on this idea and is very popular with daily volume of 5 trillion.

[Blackrain13]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Volatility of bitcoin is the best feature of it. That's why many people want to invest in bitcoin to earn much bigger than a gold in just one night if they are lucky. But Gold is a safe investment compared to bitcoin that you can earn big but if you don't have knowledge about it you will also loss big.

[blckhawk]

The reason behind why Bitcoin is so unstable is simple and clear. Bitcoin and all of the other cryptocurrencies are volatile and gold is not. There will always be a possibility for a cryptocurrency to fall or rise sharply. This is the main feature of cryptos.

I agreed that Bitcoin and all of the other crypto were volatile but I think gold as well. However, unlike Crypto, gold is less volatile. What makes Bitcoin volatile is that because it is decentralized meaning no individual or company can totally manipulate the market besides supply and demand.

[Tamim121]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bitcoin is a volatile coin. But potential coin. If anyone want to make money by investing on Bitcoin then you need to hold for a long time. You need to wait for price rising.

[matchi2011]

The reason behind why Bitcoin is so unstable is simple and clear. Bitcoin and all of the other cryptocurrencies are volatile and gold is not. There will always be a possibility for a cryptocurrency to fall or rise sharply. This is the main feature of cryptos.

I agreed that Bitcoin and all of the other crypto were volatile but I think gold as well. However, unlike Crypto, gold is less volatile. What makes Bitcoin volatile is that because it is decentralized meaning no individual or company can totally manipulate the market besides supply and demand.

Is that the opposite? volatility of bitcoin is due to early holders who have the chance to have more bitcoin inside their wallets. They are capable to influenced the market.
That so called whales are more dominant as they really have a good control over the directions of the possible trends. unlike gold where there are many holders that makes it less vulnerable to manipulation.

[Wesleyeric]

Yes this is a good question, I will be able to contribute to my knowledge on how bitcoin works, first of all some class of people see bitcoin as a scam because of some scammers do use bitcoin to scam, Such people if they are convinced to buy bitcoin, If they experience any Shaking or decreased in bitcoin markets, they will all think that they thought as much, that this is scam, they will immediately sell off their coins, Now in bitcoin so many people think this way! We also have to not that dollar affect bitcoin market. Bitcoin is for any trade,buy when it low sell when it high,that is only when you understand the flow of market. All this  makes Bitcoin unstable

[Vatimins]

     The reason for this would probably be the supply and demand of bitcoin and gold. You see, while gold has no definite number of supply but only estimations, bitcoin has a certain number of supply. Just with that alone we can easily understand why. Plus the fact that bitcoin is still young and only has a few investors all over the world compared to gold. With these we can conclude that the price will be far from being less volatile in the coming years.

[noumankk]

The Bitcoin could potentially be forming a new downtrend as now the price dropped below $7,000 after hitting a resistance of $7500.

Media reports said that this fall comes amid coronavirus pandemic as findings by new research shows that clear regulation has a direct effect on Bitcoin price volatility.

Bitcoin (BTC) price seen its talk and analysis sharply rise almost making some forget we are amidst a deadly coronavirus pandemic.

With 2020 halving just around 3 weeks to go, its price monitored very closely, owing to the number of both retail and institutional investors betting on the asset.

At the time of reporting, the Bitcoin U.S. dollar derivative was trading at around $6,880 after being unable to push beyond the last two months all-time high.

This is approximately 4% in regards to the day’s opening, whereby the asset was trading slightly above $7,100.

Reports also said that Bitcoin’s new decline trend, which formed after the bulls unable to fix the price above $8,000, confirms that the asset headed towards $4030.

[CasherUp]

Hi! How are you? Well, we are not going to say that gold is stable, it also has its fluctuations in the market but what happens is that they are not as notable as bitcoin and the other also that bitcoin is since 2008 and gold for many years, greetings @casherup

[maldini]

Bitcoin is a cryptographic money in it's earliest stages. Adjustment will require some serious energy. It might turn out to be all the more broadly received, it might deteriorate and continue being a specialty apparatus for specific gatherings, it may even lose clients with time. It additionally may get restricted by greater government, or possibly more governments will manage it and permit to utilize. The unsteady idea of Bitcoin is because of the way that everyone in the bitcoin environment can impact the market esteem so far as they have enough of Bitcoin. Decentralization of the Bitcoin environment is the reason for the insecure idea of Bitcoin.

[seoincorporation]

If we compare bitcoin with gold, we will see an enormous difference in the market capitalization. That's why gold is much more stable than bitcoin. Because to move the market is really hard, we need a big amount of money to move the markets on gold, but with a 'small amount' you can move the bitcoin market.

[Averda]

Bitcoin is a cryptographic money in it's earliest stages. Adjustment will require some serious energy. It might turn out to be all the more broadly received, it might deteriorate and continue being a specialty apparatus for specific gatherings, it may even lose clients with time. It additionally may get restricted by greater government, or possibly more governments will manage it and permit to utilize. The unsteady idea of Bitcoin is because of the way that everyone in the bitcoin environment can impact the market esteem so far as they have enough of Bitcoin. Decentralization of the Bitcoin environment is the reason for the insecure idea of Bitcoin.

Yes, Bitcoin is not secure, but there is no money or storage medium that is 100% secure. Cryptocurrency has not existed for so long, it requires development and it will develop: a lot of people and countries see the future in cryptocurrency, and the level of security will also increase.

[Xembin]

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Because gold is older than bitcoin. I believe with time bitcoin will be more popular than gold. And the way bitcoin is improving in the areas of exchange show that it will over come gold in profit making.

[Traderbtcc]

There are several reasons why bitcoin can lose 500$ in one night and gold can't, one of the reason is because bitcoin has just been around for only a decade now and it hasn't gained the trust from alot of investors, since its still not been accepted by so many governments in the world, some investors see it as a bubble that will get burst anytime soon , unlike gold that has been around for so many years and has gained the trust of so many investors around the world, alot of countries even have gold reserves so that's why the price is somewhat stable, but for bitcoin I'm not sure it's gonna be stable for now, maybe after the remaining bitcoins have been mined maybe then the price will finally become stable.

[Jayrmalakas]

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

[BorisXY]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold has been in use for ages,  while Bitcoin came up in the 20th century.  And gold is a Fiat currency, its globally accepted as a means of exchange, while most countries don't know what Bitcoin is.

[Janation]

Volatility of bitcoin is the best feature of it. That's why many people want to invest in bitcoin to earn much bigger than a gold in just one night if they are lucky. But Gold is a safe investment compared to bitcoin that you can earn big but if you don't have knowledge about it you will also loss big.

I'd still pick Bitcoin over Gold though.

Gold doesn't have the volatility Bitcoin has, with the recent changes I could take advantage of that and use that time to sell, reinvest, or trade to other cryptocurrencies. But as you said, if you don't have knowledge about it, you will be screwed. We are also taking big risks by investing in Bitcoin, that goes with other investments or assets as well.

[3meek]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold has been in use for ages,  while Bitcoin came up in the 20th century.  And gold is a Fiat currency, its globally accepted as a means of exchange, while most countries don't know what Bitcoin is.

Correction - Bitcoin came up in the 21st century!

Bitcoin is volatile because it has no regulation, and all existing exchanges at the moment resemble Wild West! Huge holders can manipulate the price as they want!

[shoreno]

I think it's a lot like the stock market.This is the nature of the price increase.So you have to trade inside it.Gold's case is completely different. I think so.As such, it will be very difficult to compare it with Gold.

not familiar on how stock market works but can you explain it ? since you already explained it . how can you say that btc works like a stock or stock market  . im only aware that btc is mainly compare with gold .

i know how gold works and i can agree to those comparisons . you said trade inside it , you mean trade btc inside the stock market ? but both are just seperated .btc has its own market and stocks too  but i remember there was an exchange before , its mainly built for btc and crypto but you can also trade stocks with it .

[Leviathan.007]

Comparing to the age of Bitcoin it's not unstable at all. Because, the bitcoin market is very young and there is not too much funds invested on it comparing to the other markets such as stocks and forex. Also in the other hand, a huge part of the current available bitcoins are owned by bitcoin wallets and this huge amount of bitcoin will make the price move really high and low whenever they sell or buy. However, this problem will be solved over the time when more people start to buy bitcoins.

[jaresmerel001]

Bitcoin value continues to decrease as the group exposes security vulnerabilities in order to make security improvements. In April 2014, reported vulnerabilities contributed to a 10% decline in bitcoin prices. If you lose your cryptocurrency, or you get robbed, there is no way to get it back.

In December 2016, a hack resulted in $70 million of NiceHash's bitcoin being stolen. Security breaches are a major concern for bitcoin and the lack of insurance is exacerbating the issue.

As of April 2018, more than $670 million was stolen from bitcoin. This cause bitcoin to be more unstable.

[jiellenw]

That's the way cryptocurrency is built. Not only Bictoin changes its value almost every second. All dipends on stock market.

[Celebrityfarmer]

Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.

i disagree with you that because bitcoin was created in 2008 while gold has been in existence long before then hence it affects the stability of bitcoin reason being that you can not accredit the instability of bitcoin to just the year of creation because bitcoin is another form of currency which despite its recent year of creation has gained so much popularity and usage and it’s widely used in forex which involves the buying and selling of other currencies

[Zilon]

Just like every other commodity in the world bit coin with its current demand and traded value is not expected to remain static. Looking at its current global value and the rate at which it fluctuates we can state that the demand of it is gradually depreciating considering the introduction of altcoins

[tanjiran]

Just like every other commodity in the world bit coin with its current demand and traded value is not expected to remain static. Looking at its current global value and the rate at which it fluctuates we can state that the demand of it is gradually depreciating considering the introduction of altcoins

Bitcoin is just like any other investment product, but bitcoin is decentralized. The more volatile the price of an investment is, the greater the risk if you decide to invest, on the other hand, your chances of profit are getting higher too. In time, the price of Bitcoin has stopped fluctuating as much as it did in the beginning. Even if there are extreme changes, it must be due to certain news or rumours affecting the market.
The strength of the bitcoin market is quite strong, even though there are many new altcoins with new innovations, bitcoin still dominates the crypto market, let alone was adopted first. So in my opinion, the decreasing demand for bitcoin is not an impact of the emergence of altcoins, but only because of a certain time or news or rumours that make it so.

[shamimal93]

The price of gold is fixed because gold has been used as one of the means of exchange since ancient times.  I think if Bitcoin gets as much time as gold has to get the price fixed then it will also get fixed.  Bitcoin is only 10 to 12 years old.  So there is no reason to regret the price volatility.  I am sure the price of Bitcoin will be stable at some point.

[btc-facebook]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bitcoin volatility occurs because bitcoin has a maximum supply of around 21 million bitcoins, if the maximum supply of bitcoins is not there, I am sure bitcoin volatility will not be large,
But it also will not happen when market demand is unstable, because bitcoin price is affected by market demand, when demand is high there is a possibility of great volatility.
If you want to be more secure, you can buy a stable coin, the price will always be stable around 1 usd.

[Bitcasino.io Support]

The price of Bitcoin has been always volatile. In the most basic sense, trading determines the price of it. What gives Bitcoin value is the last trade conducted on a crypto exchange. This means the rise of buying pressure is what makes Bitcoin go up while the increase in selling pressure lowers its price instead.

We have a thorough article in our blog about Bitcoin price you could read: What makes Bitcoin go up & down.

Cheers,
Karl
Bitcasino.io

[dificanovi]

All cryptocurrencies experience ups and downs in price because the crypto market is controlled by traders. Bitcoin is unstable because traders and investors want to profit. we just follow the course of the crypto market, if we want to get a profit we have to patiently hold BTC until the price goes up even more.

[canaris1985]

BTC is entering its teenage years, of course it's dazed & confused, it's not even comparable to an old-ass titan like gold (which, if you look at percentage, not value, isn't the most stable store of value either)

[Marina5]

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

[Chrystora123]

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

[bayu7adi]

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

the panic happened not just because of the news whales. In fact, the possibility of panic selling is smaller if there is only a transfer of a number of assets from wallet A to wallet B. In fact, people will panic when the development of the project they have invested in turns out to be breaking down. It's a nightmare where the developer doesn't provide clarity on what's going on.
However, to avoid panic deficits, we must be more careful in making decisions. we must be able to understand the situation that is going on when panic occurs. And make sure before investing you have plan A and plan B so you don't get confused

[mezzaluna]

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

I really approve that reason and would be my basis on why Bitcoin's value is fluctuating but what is hard to determine is why people needs it on some months because the fluctuation is totally random. People only panic sell when they needed the money in a rush but not their choice to sell it lower.

[choechristian00]

Looking at bitcoin's price map, you'll see a tonne of ups and downs, or maybe even more dramatic. the value of this cryptocurrency is never in place at all. And while the same can be said for any financial asset - From gold to capital – things get intense for Bitcoin.

[Lerikaweb]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

I'm sorry for saying so, but what you've written is a bit illogical. Why don't you take the inflation of usd in consideration? 20 dollars back in 1900s and 20 dollars now are totally different amounts of money!
And also, btc can lose 500$ within one night, but it can also gain 500$ or even more. Can gold gain a 100$ within a noght? Don't think so)))

[ice098]

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

I really approve that reason and would be my basis on why Bitcoin's value is fluctuating but what is hard to determine is why people needs it on some months because the fluctuation is totally random. People only panic sell when they needed the money in a rush but not their choice to sell it lower.

I bet that word unstable doesn't fit in the world of cryptocurrency well first reason of this is because cryptocurrency was decentralised currency meaning to say it is not adopted legally by the government and mostly not controlled by the government or any legality government. Second, bitcoin was a kind of cryptocurrency that's why my explanation regarding cryptocurrency was fit in bitcoin also. I think you should be used about being unstable of bitcoin.

[3meek]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

I'm sorry for saying so, but what you've written is a bit illogical. Why don't you take the inflation of usd in consideration? 20 dollars back in 1900s and 20 dollars now are totally different amounts of money!
And also, btc can lose 500$ within one night, but it can also gain 500$ or even more. Can gold gain a 100$ within a noght? Don't think so)))

The same can be said about Google or Tesla... Or any other... They are just as subject to volatility, but it's not correct to measure changes in dollars, it's correct to measure the percentage...

[Mr.sprin]

I don't agree to compare gold with bitcoin and it has even spread everywhere, bitcoin was born in 2008 whereas gold has been around for thousands of years even before gold banknotes existed.

[worldofcoins]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Bitcoin is decentralized and can not be constrained by anybody. Where gold is utilizing from thousand of years and the government itself uphold it.
If the price of bitcoin falls $500 at nights then remember it can be increase double at nights.
Bitcoin was made in 2008 and now the following years, its cost is triple.
You can not contrast bitcoin and Gold, since Gold cost is controllable and governments are overseeing it, where bitcoin is unstable and nobody has the capacity to upset its cost.

[worldofcoins]

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

the panic happened not just because of the news whales. In fact, the possibility of panic selling is smaller if there is only a transfer of a number of assets from wallet A to wallet B. In fact, people will panic when the development of the project they have invested in turns out to be breaking down. It's a nightmare where the developer doesn't provide clarity on what's going on.
However, to avoid panic deficits, we must be more careful in making decisions. we must be able to understand the situation that is going on when panic occurs. And make sure before investing you have plan A and plan B so you don't get confused

People prefer Gold more than bitcoins.
It still takes a lot of time for bitcoin to familiar with all people around the world. Bitcoin increased $500 in nights due to its violation state, and there's no comparison in gold with bitcoins.
But I know if people came to know how bitcoin helps increase your cash, they'll surely quite using gold and move to bitcoins.

[witcher_sense]

Only few stable coins like USDT, USD, USDC, BUSD, USDX are stable in price but all other coins including Bitcoin, ETH, XRP are unstable as we can see in coinmarketcap from the observing historical price graph. It is simple that a coin's price may flactuate and this flactuations is the suitable for profits of those who invest in Bitcoin. If Bitcoin price becomes stable, no investors will get profits from investment in Bitcoin.

Please, stop spreading fake information, price of stable coins is not stable at all since they are all pegged to unstable fiat currencies. What is price of money, anyway? Essentialy, it is an amount of commodities you can buy with one unit of currency. Price of commodities is measured in money, and vice versa, the purchasing power of money is measured in commodities. When you inflate the total supply of money (provided that demand is stable), you therefore need more units of money to buy the same amount of commodities, its purchasing power is decreasing over time. So, the price of fiat money and price of stable coins are not actually stable, it is slightly depreciating all the time instead. In bitcoin, you cannot manipulate the total supply, and the price of bitcoin depends exclusively on fluctuations in demand. Price of bitcoin is therefore more stable than that of fiat and stable coins, because there is no fluctuations in the total supply.

[poclerk]

Bitcoin and the cryptocurrency market are in their infancy compared to all other markets. First of all, bitcoin's widespread use in payments, in the reserves and application of the entire Crypto market is new and only being noticed.
Bitcoin is volatile in the 10% range and is heavily influenced by news. Besides, the manipulation of bitcoin investors greatly affects the value of bitcoin as well as the variation in the various derivative markets.

[Mr.sprin]

Bitcoin is the gold of crypto currency.some time bitcoin stable & some time bitcoin is unstable.World wide market effect bitcoin price increase & discrase.Bitcoin up & dwon for crypto market.Some time this price huge pump & some time this price huge dump.Crypto trader people always analysis crypto market chart.Bitcoin world wide huge demand.When bitcoin need people this price increase authomaticly.Some time bitcoin demand discrase when this price dump crypto market.This effect others crypto currency.

bitcoin is like a king, many altcoins follow bitcoin, for example the price of bitcoin rises, the price of alcoin also rises and vice versa,
The price of coin is unstable the word you mean sometimes it's unstable the word can't be held so I conclude bitcoin is unstable,

[mangsitin]

yes, the value of bitcoin is very volatile, if the fluctuation of the price of an investment is greater, the greater the risk you will take if you decide to invest.  and your income will be big too.  There are many factors that influence bitcoin fluctuation.  when we see many people who support bitcoin, it will make bitcoin survive and rise, like Japan who chose to pro to bitcoin.  But if a lot of people make bad news and bad support for bitcoin, then the value of bitcoin will fall, just as China chose anti bitcoin.

[Crptomagma]

It’s wont be fair enough to compare the activities of bitcoin to that of gold. Gold as a natural resource  has been the store for value since ancient time and at one point used as a means of purchasing power/Currency. It’s uses and purpose increases to man in different ways,Gold are used for beautification/Ornaments, for making jewelry’s etc.Gold is as old as man on earth and bitcoin is barely two decades in existence. The value or stability of gold will be at higher advantage for now because the world is still getting to know more about bitcoin.

The future of bitcoin is not known yet but looking at the daily market analysis it is believed that there is hope and better chances of bitcoin in the next generations . The rise and fall of bitcoin can be linked with so many issues among which are the bad economy ,Different systems of government around the world , natural disasters, pandemic, war and many more, with all these the price of bitcoin will continue to rise and fall. It is also key to note that gold appears in it physical form and can be transformed to different shapes and purpose by a goldsmith whereas bitcoin is an electronic currency.

Instability of bitcoin as a currency  will not  be the first in the history of man because just like every  other currency even the price of dollars are also affected sometimes and we experience changes in dollar rate.

[Sapphire915]

You have to keep in mind that Gold has been around and used as a form of currency for thousands of years.  It's been used by modern day governments as a back to their currency.  Gold has physical real world uses to boot.  Bitcoin is a cryptocurrency in it's infancy.  Stabilization will take time.

Its true. Gold has been around for millions of years being used by the old age/old Government as back up currency or as payment method when they are running out of money. As for bitcoin, its really unstable because its a decentralized cryptocurrency and its volatile by nature. The changes and movement of bitcoin in the market is uncontrollable while Gold has been so stable in its value, since it was already proven useful million years ago, up to present.

[gamer4156]

Bitcoin we realize the number of coins will actually exist and except if there is a fork that changes this that sum will never show signs of change, this implies when there is an adjustment in the interest the gracefully side can't stay aware of it and this builds the instability. The cost goes here and there, however less unstable contrasted with bitcoin. Where as any news or occasion would influence the cost of bitcoin since the fate of bitcoin itself isn't clear. You should take a gander at the since quite a while ago run outcomes.

[1GUARDIAN]

Bitcoin price volatility is caused by the fact that it has not yet reached its true stable price, and I have no doubt that its price will continue to grow in leaps and bounds every year for many decades. This is not surprising for a currency that may one day replace all other existing currencies in the world because most of the useful uses for bitcoin have not yet been invented. After all, we all understand that a means of accumulation is far from its only role.

[Serious475]

Bitcoin price volatility is caused by the fact that it has not yet reached its true stable price, and I have no doubt that its price will continue to grow in leaps and bounds every year for many decades. This is not surprising for a currency that may one day replace all other existing currencies in the world because most of the useful uses for bitcoin have not yet been invented. After all, we all understand that a means of accumulation is far from its only role.

Bitcoin still has a high volatility because the demand and supply must move so that bitcoin users and traders may earn because if it has a stable value, it will be like a local currency and we wont be able to earn big amount of money with that so we must take our chance while the bitcoin still doesn't have a stable price. It's value may not be perfectly stable and might move but not too much like other local currency and it will force us to find another unstable coin to trade.

[Donchingonverga]

Oh my

[The cure]

Gold was used a thousand years ago, it is a stable asset and over time its value increases even more. Bitcoin is a cryptocurrency and it is volatile the value is so unstable so it is traded because it is made that way and they are different. Yes in Bitcoin you can lose a hundred or even thousand dollars but it can also be reversed and you can earn that amount in just a whole night.

[Sadlife]

Bitcoin is only 11 years old, and still in beta phase we are still in an adoption phase but we're getting there. Recently, Institutional investors are moving into BTC one of the latest company that bought BTC is Stone ridge with the amount of $115M. Surely Gold has its ups and down just like what's currently happening to BTC market, if you're a real investor, you should know this basic things.

[Darooghe]

Bitcoin is still a young asset and every asset begins with high volatility. This market is influenced by different variables. Demand and supply are very important in this case but in addition, the international market and economic recession, consumer purchasing power, bank interests, bad news or good news, the tax treatment of Bitcoiners, rate of Bitcoin investments in high inflation countries, and speculative impacts work much more in this market.

[Dsdaq]

Bitcoin is still in its early stage which means there will be more volatility, but with time and wide adoption it will be come more stable.

[Sirait]

Bitcoin is still in its early stage which means there will be more volatility, but with time and wide adoption it will be come more stable.

there is no guarantee Bitcoin will be stable when adoption is widespread because Bitcoin is a decentralized coin.

I am alone can interfere with the price of Bitcoin if I have millions of Bitcoin and then sell them all in the market.

Bitcoin is a decentralized coin and it has been recognized that what controls its price is the amount of market demand.

[CasherUp]

For the simple reason that gold is a stable mineral that does not have billions of influencer behind it and bitcoin does and has more crazy fluctuations in the market

[Alamin1444]

Dear sir, you can't compare Bitcoin with Gold cause both are Different. Gold Value increasing So slow you know that & gold is So Old, But BTC just Release on 2008 & In 10/12 year it’s increase so much even Satoshi  Nakamoto Can't even imagine that! That's why we see so Volatility in BTC market. But Don't worry in a few years the Problem will fix, when Every GOV hold/Accept BTC or start work with BTC.

[ichi]

Bitcoin is unstable and it can go as high as it can expedite and the other way around. In any case, that quality of bitcoin is the thing that makes it essentially astounding.

You purchase low, hold it, and stand by until you see the value you need to sell. Also, another valid justification for having it is that you can be essentially calm. No one will realize that you have bitcoins and its stockpiling is anything but difficult to keep and bring wherever you need. In contrast to gold, it burns-through space and weight.

[bryant.coleman]

Bitcoin is still in its early stage which means there will be more volatility, but with time and wide adoption it will be come more stable.

Bitcoin can't be considered as some asset in the early phase of adoption. It is 12 years old, and we already have a user base of tens of millions of active users. May be it is time to admit that the volatility is an integral part of Bitcoin. There are several reasons for this volatility. The lack of a centralized authority is one of them. But should we be concerned about the volatility? IMO, we shouldn't.

[Wisbrown]

Instability of Bitcoin make it a business because Bitcoin oscillate against fiat currencies, is the recognize store of value versus fiat currency

[sarmrakib]

Gold is not stable. It's just low volatility.

You are right and indeed no trading commodity or even product can be stable because if it is stable, it won't have that trading attraction and therefore won't be traded. Bitcoin is highly volatile because of majorly no proper regulation.
Also, all of the point you raised in your postage good reason for bitcoin high volatile.

Bitcoin is always volatile that's why we love bitcoin .Crypto is a great platform and strong market as well which is better than Gold i think .So that the volatile market can give us a huge amount profit within a sec .that's why crypto and bitcoin is the best platform for investment .

[shane_gr]

It can be said that bitcoin, gold, oil and dollars are each a separate thing and we can not compare them with each other.
Bitcoin has a separate identity and anyone can invest wherever they want.

[Smeet]

Thats a really interesting point. In my opinion, I think BTC is a lot more unstable than precious metals because there is a lot more speculation and ease of transaction going on in bitcoin. If someone was to invest in gold and hold for a bit, they have to physically go to a buyer and hand it off in person in order to transact it. However in Bitcoin, everything is much easier to transact, which could lead to more volatility in the market?

I have heard that long term if / when bitcoin reaches higher prices, the volatility in the market should go down significantly.

[Crptomagma]

Gold is natural and it’s won’t be fair to compare Gold to a technology created in 2008 whereas Gold has been the store for value since since the beginning of the world. Gold is a natural mineral and is also controlled by the centralized government so Gold is basically not affected by the normal factors that affect bitcoin.

Bitcoin is not to be compared to Gold looking at the time, many people in some rural and even urban areas are not familiar with bitcoin and some still don’t know bitcoin and how it works but are very knowledgeable about Gold and it’s value. Gold is as old as man on earth while bitcoin as a technology is barely two decades.

[Walterhank]

There are a lot of reasons why this is the case. Gold has been regarded as the best store of value for a long time and bitcoin was introduced not more than a decade ago. Gold is regarded as the stable source of income while bitcoin isn't, the market is also not properly regulated. The most important point according to me is that people still don't treat bitcoin as a currency but is being treated as a trading source and the profit is then converted back to fiat currency or other resources.

[catur123]

If you ask why?
This affects several existing problems, for example gold has a physical form and bitcoin does not. And one more thing gold and bitcoin have different markets.

[talshachar]

bitcoin is unstable because it's a stock behavior and not a coin, it's not a currency like everyone thinks. It's just like any stock in the stock market, in bitcoin you invest in computer power, that is the energy of the bitcoin. This is why Bitcoin has the highest value of all cryptocurrencies, because computer processing power is what backing it up, that computer processing power is sold secretly to governmental agencies as a cloud super computer. 

[Banulit]

I think the main reason why bitcoin is so unstable not like gold is because of the market wherein it is being sold and traded. Crypto-market is very volatile that makes cryptos and most especially bitcoin to be more unstable not like gold. Also, bitcoin is an online asset and not tangible not like gold which makes potential investors to still have doubt and fear whether it is really worth to invest in bitcoin that also makes it stability so fluctuate unsteadily.

[cheezcarls]

It’s pretty simple. No one can control Bitcoin. Market is unpredictable and the volatility is very high. Unless if you want something stable, you can go with stablecoins that are backed by real assets such as gold, etc.

[FlightyPouch]

Bitcoin is still in its early stage which means there will be more volatility, but with time and wide adoption it will be come more stable.

I disagree. I think the wider the adoption is, the higher the volatility will become. We never know what will happen but I hope that the wide adoption that we are talking about is already starting with Paypal accepting bitcoin. With a lot of users and transactions happening in the future, the price could fluctuate more hence making it more volatile.

[Tingtong]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

If you go back 50 years gold price always stable. It price Don't changes huge. If you go back 5 years bitcoin price huge increase. Yes it price can be huge down but not it possible 500$ cause today world economy effected in bitcoin price. Today if you buy gold after years you get some profite but bitcoin can give you huge profits.

[FlightyPouch]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

If you go back 50 years gold price always stable. It price Don't changes huge. If you go back 5 years bitcoin price huge increase. Yes it price can be huge down but not it possible 500$ cause today world economy effected in bitcoin price. Today if you buy gold after years you get some profite but bitcoin can give you huge profits.

Gold is not as stable as you think. Gold is also volatile even in the past but the thing is that bitcoin is much more volatile than Gold. It will not always go up, it has its times when it is going down. It could also be affected by certain situations like what happened this year with the pandemic affecting millions and millions of people and businesses. You could lose some with Gold and you could also lose huge with bitcoin.

[sayaya17]

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Because we use it as an investment asset of speculation, the increase in the price of Bitcoin is indeed remarkable, but when it declines, the fall is also very deep.
So daily fluctuations in hundreds of dollars are common in Bitcoin. In contrast to the price of Gold, the most severe daily fluctuations are only a few tens of dollars.
Demand for Gold from thousands of years ago until now is very much. Besides individuals, a lot of demand from the industrial sector as well.
While Bitcoin is still new, and so far they have only used it as a means of payment and investment assets of speculation. Then the selling action against bitcoin is very high. It’s only natural that the value becomes very volatile. Thus, gold price movements are more stable than Bitcoin.

[fauzan123]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

If you go back 50 years gold price always stable. It price Don't changes huge. If you go back 5 years bitcoin price huge increase. Yes it price can be huge down but not it possible 500$ cause today world economy effected in bitcoin price. Today if you buy gold after years you get some profite but bitcoin can give you huge profits.

This instability is due to the amount of supply held by several large investors, so that the movement of bitcoin can rise very high and fall rapidly. Of course this is different from gold, where the value is taken from the price of mining oz, so that the movement is not too far away.

[fishbonez11]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

If you go back 50 years gold price always stable. It price Don't changes huge. If you go back 5 years bitcoin price huge increase. Yes it price can be huge down but not it possible 500$ cause today world economy effected in bitcoin price. Today if you buy gold after years you get some profite but bitcoin can give you huge profits.

This instability is due to the amount of supply held by several large investors, so that the movement of bitcoin can rise very high and fall rapidly. Of course this is different from gold, where the value is taken from the price of mining oz, so that the movement is not too far away.

The price is all dependent to the supply and demand from the holders. There are also whales who can easily manipulate the price. Bitcoin also is still at its early stage to we can't expect a stable value. Bitcoin is volatile and thats how it works over the year. There are lot of available stable coins in the market if anyone need. Bitcoin's volatility is actually what other holders are taking advantage, they profit a lot from playing the price.

[Tingtong]

Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

Gold price can not huge Increase in a day but bitcoin price can be moon in a day. Bitcoin and gold currency is different. When you need gold you buying but a trader regularly trade pump or dump.