sandykho47
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Activity: 252
Merit: 251
Knowledge its everything
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September 28, 2014, 12:19:03 PM |
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When bitcoin more popular, lot people buy bitcoin and bitcoin owner sell bitcoin they have This happen everytime, so the price is very unstable bitcoin is still new it will become more stable in the future
It's not new anymore |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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zimmah
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September 28, 2014, 08:31:16 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.
It's more volatile because it's something completely new, the world has never seen such a thing before, so we are not sure how we should rate it. Some people think bitcoin is completely useless and worthless, and therefore it has no value at all, other people think bitcoin is useful, scarce and very valuable. And therefore they think bitcoin may be worth millions. Many people think something in between. Many people now try to agree on the current value by buying and selling. They buy when they feel the price is too low (and they have fiat left over), they sell when they feel the price is too high. Of course this is not a stable thing, because the idea of high or low price changes constantly. If something happens that may change the personal opinion of everyone, but not everyone's opinion will change at the same rate. Some people may think the news is slightly good, others may think the news is perfect, and yet others may even think the news is bad. So they will change their value accordingly. It will take a long time before people agree how much a bitcoin is worth, and than the price will eventually become more stable. First we should probably care about the value, because at current value we are much too low to have enough value in bitcoin to serve the whole world. |
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shockinglyugly
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September 29, 2014, 12:05:52 AM |
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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. Speculators can only buy so much bitcoin. What we need to see happen is more people buying bitcoin that will actually use bitcoin to stimulate the bitcoin economy. If we only have speculators buy bitcoin then they will eventually wish to sell causing the price to decline |
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TaunSew
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September 29, 2014, 12:56:09 AM |
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The miners are dumping millions a day to pay for electrical and other costs - I don't see this amount being replaced
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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asdlolciterquit
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September 29, 2014, 08:11:45 AM |
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The miners are dumping millions a day to pay for electrical and other costs - I don't see this amount being replaced
but if they dump the price like that, mining will not be convenient anymore!! |
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ellen_me
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September 29, 2014, 08:59:55 AM |
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Also wonder why the changes/decline was quite big not just by a dollar or two. BTC now is $375.53.
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Srbotones
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September 29, 2014, 01:48:58 PM |
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The price of it what it is because the whole activity of the exchanges only involve nearly the 10% of the total amount.
The more diversification of the Bitcoin economy and independance of the exchanges the lower the price inside an exchange.
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Ayers
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Activity: 2618
Merit: 1023
Seabet.io | Crypto-Casino
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September 29, 2014, 03:01:10 PM |
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because it's not distributed right, and there is plenty of manipulations going on, on each exchange
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karmabot
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September 29, 2014, 08:19:22 PM |
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If you look at this discussion, you can clearly see how diverse the opinions are, even among bitcoin supporters. This shows how "unstable" this development still is, and kind of reflects the volatility of bitcoins. However this is often the case with new ideas, developments, etc. and I'm sure with more confidence among investors, traders, entrepreneurs, etc. there will be more stability as well!
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arieq
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September 30, 2014, 02:02:24 PM |
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because it's not distributed right, and there is plenty of manipulations going on, on each exchange
Agreed, this is obviously whale manipulation, and if I had the kinda btc they had I would do the same thing. But remember, they are making money off you, and at some point of their choosing they will pump BTC sky high |
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mestar
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September 30, 2014, 03:30:55 PM |
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Price will always be unstable, because fresh suckers are needed to pay for the miners' electricity costs.
Either there will be a 4th viral bubble outbreak, or the price will steadily slide down.
There will never be stability.
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zyzzbrah
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September 30, 2014, 03:56:54 PM |
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Because people is lossing interest, and we see bumps of whales entering the market when people like overstock withdraw big stashes of BTC. So you have a bill sell off, a big whale entering (pump and dump) and in general the 99% of people that can't afford BTC lossing interest. So we have a downtrend with up and downs.
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Ayers
Legendary
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Activity: 2618
Merit: 1023
Seabet.io | Crypto-Casino
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September 30, 2014, 05:37:57 PM |
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because it's not distributed right, and there is plenty of manipulations going on, on each exchange
Agreed, this is obviously whale manipulation, and if I had the kinda btc they had I would do the same thing. But remember, they are making money off you, and at some point of their choosing they will pump BTC sky high some little fish, can "steal some btc" from those whales manipulation, this is true in my case at least, i have more btc than before now, with this current price(not many just 3-4 more, still a success  ) |
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RodeoX
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The revolution will be monetized!
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September 30, 2014, 05:42:08 PM |
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What you are seeing is an unregulated market. The stock market of the 19th. century was wild like this also. Since then laws and banks have stepped in to "stabilize" the market. And in the process game your money right into their pockets.
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Traffic4u
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October 01, 2014, 02:20:58 AM |
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What you are seeing is an unregulated market. The stock market of the 19th. century was wild like this also. Since then laws and banks have stepped in to "stabilize" the market. And in the process game your money right into their pockets.
I don't think it is so much that it is an unregulated market, it is that it is an illiquid market that is trading something very new and that is very difficult for finance professionals to price. |
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MilesJohan
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October 01, 2014, 07:55:09 AM |
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One word.....CHINA
Really? Too many speculator in China.. |
MileyJohanson
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ellen_me
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October 02, 2014, 03:33:47 AM |
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Price will always be unstable, because fresh suckers are needed to pay for the miners' electricity costs.
Either there will be a 4th viral bubble outbreak, or the price will steadily slide down.
There will never be stability.
I agree on this.  |
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panju1
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Activity: 1246
Merit: 1000
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October 02, 2014, 04:19:53 PM |
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What you are seeing is an unregulated market. The stock market of the 19th. century was wild like this also. Since then laws and banks have stepped in to "stabilize" the market. And in the process game your money right into their pockets.
I don't think it is so much that it is an unregulated market, it is that it is an illiquid market that is trading something very new and that is very difficult for finance professionals to price. A substantial amount of trading gets done outside of exchanges too. That has a negative effect on liquidity at exchanges. Consequently, price movements can be large. |
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arieq
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October 03, 2014, 11:45:49 AM |
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One word.....CHINA
Anyone have any tips in spotting chinese bull traps? Besides the obvious volume rise, I have yet to see any other ways of spotting them |
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