shamimal93
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FRX: Ferocious Alpha
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October 08, 2020, 12:30:58 AM |
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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.
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btc-facebook
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Activity: 1862
Merit: 1015
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October 08, 2020, 05:41:56 AM |
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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. |
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Bitcasino.io Support
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Activity: 1157
Merit: 1751
#1 VIP Crypto Casino
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October 08, 2020, 11:53:37 AM |
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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 |
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dificanovi
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October 08, 2020, 02:23:32 PM |
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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.
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canaris1985
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Activity: 47
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October 08, 2020, 02:29:59 PM |
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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)
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Marina5
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October 08, 2020, 02:35:16 PM |
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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.
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THE RISE OF BLOCKCHAIN REVOLUTION |
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Chrystora123
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Activity: 1414
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Omicron is another FUD
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October 08, 2020, 02:53:02 PM |
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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.. |
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bayu7adi
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October 08, 2020, 04:33:36 PM |
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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 |
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mezzaluna
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Activity: 518
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★Bitvest.io★ Play Plinko or Invest!
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October 08, 2020, 05:13:58 PM |
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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. |
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choechristian00
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Activity: 34
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October 09, 2020, 11:19:58 AM |
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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.
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Lerikaweb
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Activity: 392
Merit: 12
The Fourth Generation of Blockchain in DeFi
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October 09, 2020, 11:46:02 AM |
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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))) |
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ice098
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October 09, 2020, 12:46:18 PM |
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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. |
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3meek
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October 09, 2020, 01:38:48 PM |
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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... |
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Mr.sprin
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October 09, 2020, 02:32:29 PM |
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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.
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worldofcoins
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October 10, 2020, 04:21:13 PM |
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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. |
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worldofcoins
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October 13, 2020, 06:15:34 AM |
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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. |
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witcher_sense
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October 13, 2020, 06:58:17 AM |
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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. |
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poclerk
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Activity: 1064
Merit: 0
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October 13, 2020, 07:13:28 AM |
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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.
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Mr.sprin
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October 14, 2020, 02:18:10 AM |
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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, |
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mangsitin
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October 14, 2020, 03:00:46 AM |
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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.
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