joris
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October 03, 2014, 11:55:40 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 Speculators can only buy have so much bitcoin fiat. And for every seller, there's a buyer.
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;-)
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Srbotones
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October 03, 2014, 11:57:33 AM |
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Miners sells, in case that they sell their entire production are only 3600BTC / day
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jamescameron2312
Newbie
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October 03, 2014, 02:10:56 PM |
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Because most people invested in Bitcoins are whales and big time miners that sell and buy constantly.
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a447513372
Sr. Member
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DLISK - Next Generation Coin
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October 04, 2014, 07:31:47 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 Speculators can only buy have so much bitcoin fiat. And for every seller, there's a buyer. There are more speculators with a lot of fiat then there are speculators with bitcoin. However if the only reason a speculator were to buy bitcoin is because they hope other speculators would buy more at a later time is really just a form of a ponzi. The reason that speculators are buying needs to be that they hope that 'normal' people are going to buy bitcoin in order to use it if they are to be successful
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topman21
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October 06, 2014, 03:05:31 PM |
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I think it is because bitcoin have a lot of traders and bitcoin is a magnet which can give more peoples interesting with it.
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| . SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
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xcapator
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Here I Am !!
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October 06, 2014, 03:24:28 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 Whales manipulating the price down? what do you mean? this naturally happens when large holders sell, no manipulation found. I can just see all the trolls here that dumped under $400 and all yelling floor and crash... the desperation screams BTC rise. BTC continues to impress me in new ways I can never explain
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yrask
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October 06, 2014, 03:44:07 PM |
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Price of bitcoin is very unstable because there are many manipulator (early adopters) which can play with price of bitcoin in easy way. Anyway, I'm sure that in future if there will be some regulation from an authority we can stay relaxed
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xinxi
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October 06, 2014, 04:00:23 PM |
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Volatility may not be that bad as you trade volatility as well. Using options, you can sell or buy volatility. If you are interested, you can have a look at my new platform https://coinut.com
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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October 06, 2014, 04:48:26 PM |
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Price of bitcoin is very unstable because there are many manipulator (early adopters) which can play with price of bitcoin in easy way. Anyway, I'm sure that in future if there will be some regulation from an authority we can stay relaxed Are you serious? Only way is that much more users start using BTC, and then one guys actions will not push price up or down.
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cutesakura
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October 06, 2014, 05:23:07 PM |
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for now this bitcoin prices have started to slowly rise, although slowly but surely, this is most likely because many bitcoin demand in the market, and sell bitcoin is happening in Russia has stopped, due to the prohibition of possession of bitcoin in Russia ...
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braum
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October 06, 2014, 06:20:46 PM |
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we must ask satoshi i just called him, and he said it`ll go to $1,000 soon.
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SpiderLegion
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October 07, 2014, 02:06:05 AM |
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Because the price isn't regulated by a central authority like the government, so Bitcoin is worth purely what other people make it out to be. It's pretty much just supply and demand, where even medium sized orders will affect the price of BTC to a degree.
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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October 07, 2014, 12:55:43 PM |
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we must ask satoshi i just called him, and he said it`ll go to $1,000 soon. he can only make it go to $1, he cant make it go to $1000
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youngwallst
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October 07, 2014, 02:48:39 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.
I personally think that corporations that are accepting need to turn it over back into fiat (because thats how they ultimately look at their bottom lines), miners needing to cover their costs, various reports of very early adopters converting large sums, & regulatory uncertainty is the reason for the extreme volatility. If you're bullish bitcoin, this shouldn't matter much. Considering bitcoin went parabolic last year, this type of retrace amid the black swans that I just mentioned is natural. From a technical standpoint you'd be a bit concerned maybe in the near term, possibly. Real price expansion will happen once we work thru alot of transitory variables (most mentioned above) and more mainstream aggregate demand occurs along with merchant adoption to support the supply/demand imbalances we are seeing being reflected in price as volatility. Hope that helps!
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xinxi
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October 07, 2014, 04:06:54 PM |
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I guess China has contributed a lot to the volatility. There are many irrational traders. They get panic or ecstatic quite often.
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51percemt
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October 08, 2014, 04:13:15 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.
I personally think that corporations that are accepting need to turn it over back into fiat (because thats how they ultimately look at their bottom lines), miners needing to cover their costs, various reports of very early adopters converting large sums, & regulatory uncertainty is the reason for the extreme volatility. If you're bullish bitcoin, this shouldn't matter much. Considering bitcoin went parabolic last year, this type of retrace amid the black swans that I just mentioned is natural. From a technical standpoint you'd be a bit concerned maybe in the near term, possibly. Real price expansion will happen once we work thru alot of transitory variables (most mentioned above) and more mainstream aggregate demand occurs along with merchant adoption to support the supply/demand imbalances we are seeing being reflected in price as volatility. Hope that helps! Corporations need to convert their bitcion back to fiat because they have nothing to do with it. Corporations are not investment vehicles and will generally not hold an asset for an investment (except extremely safe ones like US treasuries) unless it relates directly to their business (for example a warehouse or their inventory). Until we see more B2B bitcoin transactions corporations will continue to sell their bitcoin quickly (likely causing large spikes in supply), however as we see more b2b transactions this will slow down and eventually stop
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youngwallst
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October 08, 2014, 04:38:21 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. 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.
I personally think that corporations that are accepting need to turn it over back into fiat (because thats how they ultimately look at their bottom lines), miners needing to cover their costs, various reports of very early adopters converting large sums, & regulatory uncertainty is the reason for the extreme volatility. If you're bullish bitcoin, this shouldn't matter much. Considering bitcoin went parabolic last year, this type of retrace amid the black swans that I just mentioned is natural. From a technical standpoint you'd be a bit concerned maybe in the near term, possibly. Real price expansion will happen once we work thru alot of transitory variables (most mentioned above) and more mainstream aggregate demand occurs along with merchant adoption to support the supply/demand imbalances we are seeing being reflected in price as volatility. Hope that helps! Corporations need to convert their bitcion back to fiat because they have nothing to do with it. Corporations are not investment vehicles and will generally not hold an asset for an investment (except extremely safe ones like US treasuries) unless it relates directly to their business (for example a warehouse or their inventory). Until we see more B2B bitcoin transactions corporations will continue to sell their bitcoin quickly (likely causing large spikes in supply), however as we see more b2b transactions this will slow down and eventually stop While I understand the point you're trying to make, it's moot because OP asked what factors were dropping price and creating volatility. As Im sure you already know, when sell orders are larger than buy orders it creates downward pressure on price... As far as the corps having lack of desire to conduct B2B transactions in Bitcoin, I agree until we see larger willingness from said corps to utilize their btc in a way that supports price, it will continue to be volatile.
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DhaniBoy
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October 08, 2014, 05:38:34 PM |
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it is because a lot of selling going on bitcoin in Russia, this is because his existing laws that prohibit possession of bitcoin in Russia, it makes the holder bitcoin bitcoin in Russia to sell to the market, so stock bitcoin abundant in the market, and as a result of law if the stock market an abundance of goods, then the selling price of the item will be dropped ...
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Gallah
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October 09, 2014, 04:36:54 AM |
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it is because a lot of selling going on bitcoin in Russia, this is because his existing laws that prohibit possession of bitcoin in Russia, it makes the holder bitcoin bitcoin in Russia to sell to the market, so stock bitcoin abundant in the market, and as a result of law if the stock market an abundance of goods, then the selling price of the item will be dropped ... But the price is going UP Russians selling all their BTC should be pushing the price DOWN.
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redHeadBlunder
Member
Offline
Activity: 81
Merit: 10
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October 09, 2014, 05:44:48 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.
I personally think that corporations that are accepting need to turn it over back into fiat (because thats how they ultimately look at their bottom lines), miners needing to cover their costs, various reports of very early adopters converting large sums, & regulatory uncertainty is the reason for the extreme volatility. If you're bullish bitcoin, this shouldn't matter much. Considering bitcoin went parabolic last year, this type of retrace amid the black swans that I just mentioned is natural. From a technical standpoint you'd be a bit concerned maybe in the near term, possibly. Real price expansion will happen once we work thru alot of transitory variables (most mentioned above) and more mainstream aggregate demand occurs along with merchant adoption to support the supply/demand imbalances we are seeing being reflected in price as volatility. Hope that helps! Corporations need to convert their bitcion back to fiat because they have nothing to do with it. Corporations are not investment vehicles and will generally not hold an asset for an investment (except extremely safe ones like US treasuries) unless it relates directly to their business (for example a warehouse or their inventory). Until we see more B2B bitcoin transactions corporations will continue to sell their bitcoin quickly (likely causing large spikes in supply), however as we see more b2b transactions this will slow down and eventually stop While I understand the point you're trying to make, it's moot because OP asked what factors were dropping price and creating volatility. As Im sure you already know, when sell orders are larger than buy orders it creates downward pressure on price... As far as the corps having lack of desire to conduct B2B transactions in Bitcoin, I agree until we see larger willingness from said corps to utilize their btc in a way that supports price, it will continue to be volatile. Part of the selling pressure is because of large merchants selling the bitcoin they receive from their customers. If they were to engage in b2b transactions then this selling pressure would be reduced
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