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ytr8 (OP)
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September 27, 2014, 12:29:00 PM |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
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yokosan
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September 27, 2014, 12:33:29 PM |
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Only if you are looking at rate to $
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ytr8 (OP)
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September 27, 2014, 12:46:37 PM |
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Only if you are looking at rate to $
You mean: not the bitcoin's price instability, but the Dollar's price instability? |
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PenAndPaper
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September 27, 2014, 12:53:36 PM |
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Because of the poor liquidity... Even moderate orders can move the price up or down big time.
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vancsj
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September 27, 2014, 12:57:19 PM |
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You mean: not the bitcoin's price instability, but the Dollar's price instability?
Bitcoin price is instable, because it is not stable compared to most goods. But it doesn't matter, it will get stable if it get widely accepted. |
RIC solo mining with XPT miner @ zjuer.net:10034
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borna_121136
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September 27, 2014, 01:05:58 PM |
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In my view, I think it hasn't had the time to settele yet, but its settling now, i guess.
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franky1
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September 27, 2014, 01:35:42 PM |
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its because people are thinking that all 13million bitcoins are being traded.
infact the majority are being traded on BTC-E, coinbase and bitstamp... and in many cases coinbase follows the pricing of the other two..
so if for instance btc-e went up, bitstamp would move too, and then coinbase would see a price change and follow suit.
its called "sheep following" prices.
the major problem is that on btc-e for instance most orders are $5(0.0015~) and so it only takes 100btc to make the price jump $70.
so that 100btc whale bite can make the entire market cap of bitcoin move from $5.2bill to $6.1bill market cap estimate.
yes you got it right 100bitcoins ($40k) can fool people into thinking the entire bitcoin market moved $1bill in value.
ill make it clear again. SHEEPLE are following statistics of small trades and FUD. and we all need to wise up and value bitcoins properly
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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BAIDY1
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September 27, 2014, 01:44:27 PM |
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I want to give you an answer: Do not care about its price, care about that in the future whether you have a greater number of bitcoins.
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shanem
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September 27, 2014, 01:51:43 PM |
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Bitcoin market is still small compared to big money market like forex and commodities.
A few million usd will be able to move bitcoin market but is nothing in forex.
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Soros Shorts
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September 27, 2014, 01:56:17 PM |
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Because of the poor liquidity... Even moderate orders can move the price up or down big time.
Which is a result of poor float (measured in USD or some other fiat). This will improve when the market cap improves, or when large holders start using their coins more. |
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vancsj
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September 27, 2014, 04:36:16 PM |
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It's always very unstable because Btc price could go up and go down in a moment and we can't ever know if we should buy or sell...
Just keep them. |
RIC solo mining with XPT miner @ zjuer.net:10034
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Meuh6879
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September 27, 2014, 06:07:21 PM |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline.
because : * nothing control bitcoin except buy and sell * paypal don't do anything now for bitcoin ... always bloody news annoncment without real event * because more miner, more sell of BTC on exchange (prices fall). |
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btcstomper
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September 27, 2014, 06:28:24 PM |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
There are a lot of people with hidden agendas that have a lot of money invested, we can't never know if the market fluctuations are exclusively genuine supply and demand or actual manipulation. |
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Robert Paulson
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September 27, 2014, 08:55:42 PM |
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the volume on exchanges is low compared to forex.
ignore the price, there's no point getting excited about big movements in a market with only a few million USD in volume, focus on the technology.
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Febo
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September 27, 2014, 09:01:29 PM |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
Not enough people use it to be more stable. It will also need to get a bit higher price, that more people will be able to use it. |
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seoincorporation
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September 27, 2014, 09:05:39 PM |
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Because the bitcoin price its based in the transactions. If BTC get more transactions price will go up.
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bitcoboss
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September 27, 2014, 10:48:44 PM |
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bitcoin is still new it will become more stable in the future
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waterpile
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September 28, 2014, 12:08:15 AM |
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bitcoin is still new it will become more stable in the future
bitcoins isn't already new and besides you can see ads about it in facebook |
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pcshared
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September 28, 2014, 08:41:48 AM |
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Dollar Price Reduction
btc down on
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arbitrage001
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September 28, 2014, 12:01:04 PM
Last edit: September 28, 2014, 04:40:04 PM by arbitrage001 |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
The rally is real on good news, but there are still more miners selling than speculators buying. A few years ago, mining were spread out over many small fish when people believe in the technology and horde all the coins they mined. This is no longer the case when ASIC came out and cooperation get involved. |
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