Why is The Price Of Bitcoin Experiencing Much Fluctuation
Bitcoin Price Keep Fluctuating-Why Does It - https
What happens to online prices when the value of Bitcoin fluctuates?
I know this is a very stupid question but I am completely new to the field of cryptocurrencies and this has been holding me off from getting a few coins for myself. Let's say a service costs me 0.001 Bitcoin a year and the value of 1 BTC doubles/halves over night. Do these prices adjust immediately for the service? I mean in case they do not adjust I'd be paying twice as much for the same thing as before right? How does this really work? Again I am sorry for the noobish stupid question but this has been bogging me for a long time. Thanks
Question - if the price/value of bitcoin fluctuates, how is the value of your purchase determined at the end of the account verification delay?
this was a little tough to put into words clearly, so ill give an example of what im trying to say. say i buy one for $100 today, but in 3 days the price drops. even though i paid $100 would the value of what i bought change because of this slow process? ive been researching on forums and this came up. the user was buying from coinbase. i havent used bitcoin yet, just want some knowledge of the system before investing.
[WP] A brave new world or 1984 esque society where money is banned.
A brave new world or 1984 esque society where money is banned. There is also the fact that Bitcoin is not a currency per se and can therefore not be used to transfer funds between people. Instead, the currency is used to create a decentralized network of computers that are used to maintain Bitcoin. The network has two main functions; to process transactions between wallets on the network and to secure the network. The transaction network is also used to create and destroy new Bitcoins. Every transaction, whether it is to buy or sell Bitcoins, is entered into the network by users who are called "miners." Miners, in turn, are rewarded with Bitcoins for running these computers. As a result, the Bitcoin network's hashrate (the number of computers that are running) increases. Because of this, miners are able to create Bitcoins faster than the network can process them, causing a price increase. Miners can also sell their Bitcoins for cash or to other miners. The currency is also used to purchase goods and services on the Bitcoin network. The value of Bitcoins fluctuates as a result of the price they are trading for and the amount of time it takes to process transactions. The most recent Bitcoin price increase, as of March, 2014, was about 11 percent. This increase in value has led people to speculate on whether the currency will ultimately be devalued as more users begin to use it in transactions. What are the possible uses for Bitcoin? The biggest potential for Bitcoin is as a means of payment. It is a completely decentralized currency. Users can use it to purchase anything through an online store, such as a pizza, for example. The only thing that matters is that the transaction is processed on the Bitcoin network, not the store. People have begun to use Bitcoin as an alternative to cash. The value of a bitcoin is related to the currency exchange rate so the more people use Bitcoin, the more its value increases as a currency. What is the danger of Bitcoin? Bitcoin has some potential risks. One of the most prominent of them is that it is not backed by any government or central bank, so if it fails to gain widespread use, it could be worthless. Another risk is that Bitcoin can be stolen. Since Bitcoin is not a currency, it's not backed by anything but the trust of the network. Since there is no one to be held accountable, anyone can essentially create Bitcoins with the intent to sell them at a higher price, but this is a risk to consider. Another risk is that,
If I transfer my bitcoins from the exchange to my wallet will the value still fluctuate with the price of the coin?
Hi, I’m fairly new to trading crypto but I was wondering if anyone could help me out here. This is most likely a silly question and I appreciate that but would anyone be able to tell me that if I transfer my coins from the exchange to my wallet, will the value keep fluctuating with the price of the coin or will the amount I have stay the same as the value which I withdrew it as? Thanks
Hey guys, can anybody make any good tips or tricks to do if you were to invest in Bitcoins? since the value of Bitcoins fluctuate so much I'm not aware of any good ways to predict what will happen to the value of them in the future.
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I'm wondering if you could have an automated buy/sell. Seeing as you can watch the value of bitcoin fluctuate in cents. Can't you sell everytime it goes up. Or is there a processing time limit where you can't do something like this? edit: sorry about the title
Bitcoin is not a currency, it's a virtual volatility--that's it. The litmus test is whether anyone pays you in bitcoin--they don't, because they are unwilling and unable to determine the value of your work because it wildly fluctuates
Subject says most If you were doing work for someone 2 yrs ago and they were paying you in bitcoin--say they paid you 1 BTC an hour Are they going to be paying you 1BTC an hour now? That's worth thousands of dollars, so the answer is no. They'd pay you 1BTC when it was worth 15 dollars a BTC, but when it was 17,000 dollars exchange value, they'd be paying you less, in fractions of fractions of a BTC. Hows that' for your esteem? To be paid less over time? Don't underestimate the psychological impact of being wrong. So either you're actually being paid in dollars converted to btc that changes day by day, or your employer is the NSA with unlimited bitcoin, or you're lying Because no one is going to pay you 17,000 dollars for a 15/hr job Ok? Bitcoin isn't a currency It's a speculative exchange rate and nothing more
What is the fundamental value of bitcoin at this moment? What is the reason that buying bitcoin is investment rather than speculation? How and why the price move of bitcoin is the fluctuation around its true value rather than a completely unreasonable random move because of speculation?
Good evening, I'm a newbie here. Some quick questions here:
Can anyone please tell me what do you think is the fundamental reason that buying cryptocurrency/bitcoin is investment rather than speculation? Please do not reply with the "potentials" or things that will have a probability to happen/to not happen in the future. In other words, is there any fundamental/social value of bitcoin that has been realized by its development at this moment to back up its existence and increasing price?
How is the exchange rate USD/bitcoin decided? Why bitcoin is worth an 8000 dollars high value?
Thanks so much for all your answers and comments in advance.
Bitcoin isn't a commodity OR a currency -- it's both
It's really interesting reading the news and the naysayers. First off, I find it interesting that all of the mainstream media outlets are reporting on this crash. The fact that they're reporting on the crash is more important than the crash itself. The value of bitcoin fluctuates wildly, and has from the beginning, in terms of percentage. Just because its now a big number of dollars doesn't mean that a swing of 50% is any larger or smaller, and the fact that its being reported on as if it were legitimate gives it legitimacy in itself. Secondly, and more to the point of my title here, there are quite a few people criticizing bitcoin. Some people are calling it an "unregulated currency" (http://inthecapital.streetwise.co/2013/12/18/is-this-the-start-of-a-bitcoin-meltdown-or-just-a-rough-patch/) and other people are saying that its a commodity and deserves commodity prices (http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12) (please note that while this guy is referred to as a "Finance Professor" in the headline, he's actually an ex-employee of the Fed). So the arguments go against bitcoin, and some are valid. Some say that bitcoin will never be a currency or replace the USD, because, for one, retail transactions take place too quickly to get the confirmations from the blockchain. This is a criticism coming against a false consumption -- mainly that we expect bitcoin to be used in the checkout line at supermarkets. Bitcoin isn't a currency, and I don't think bitcoin is intending to replace the USD in all the ways that the USD works. Bitcoins strength lies in that it is a hybrid. Its a store of wealth like a commodity (gold, silver, etc) however it is highly liquid and easily transferrable anywhere in the globe (like a currency, except even more transferrable than most currencies). I think that criticism is good, and it allows us to see our faults. Its good to look at what enemies and opponents of bitcoin say. Its good to understand that we have problems with volatility, although I don't think this is volatility for volatility's sake, its volatility because it is growing and the world doesn't know what to do. We didn't drop 50% on "bad news". We dropped 50% on China de-facto disallowing bitcoin trading. If China overnight stopped accepting the US Dollar, I think we'd see some "volatility" in the US Dollar as well. Anyway, the news isn't good. I agree. And I sold all of my bitcoins the night before at $880 by luck, so I'm not sitting here praying for it to go back up because I lost money. Anyway, I hope this helps clarify some of the issues and is a good response to some of the criticisms of bitcoin. Basically anyone who says Bitcoin won't be successful because its not a good currency, or anyone who says Bitcoin won't be successful because its not a good commodity is missing the point.
Geekcoin - A site to buy tech toys with your hard-earned BTC.
Well, almost. The site is nearly finished, but I need product ideas. Preferably small, low-cost items to start out with, e.g. USB keys and such. In case you were wondering, I know the product prices are in USD, but when you check out it gets the current exchange rate and let's you pay with Bitcoins and only Bitcoins via MyBitcoin.com. I feel this is best for now while the value of Bitcoins fluctuates so rapidly. Please tell me what you think, and if you have any product ideas please feel free to share! Geekcoin
People who had or currently have a decent number of bitcoins, how do you deal with the fluctuations in their value? Isn't it stressful? Is there a high point at which you'll sell or a low point at which you'll bail?
does ethereum solve the store of value, price fluctuation problem that bitcoin has? does it need to?
I've found ethereum/bitcoin to be a little magical in how easy it is to transfer funds from different accounts, across exchanges, currencies etc. But in general I've only used it as such, converting to cash immediately because of the sharp price fluctuations. From what I understand, the blockchain prevents fraud by making it at least as costly to corrupt the system, by tying transaction verification to the value of the coins themselves. This is quite elegant, but also ties value and applications to the inherent speculativeness and bubbly good fun of the asset, perhaps restricting the potential value/benefit of blockchain technology somewhat. But maybe this is a tangential issue. My main question: does ethereum have any characteristics that allow it to avoid this problem? if people use ethereum/bitcoin as primarily a transfer mechanism, and not a store of value, would that be an issue for the current protocol or the underlying blockchain technology?
Do BTC-friendly merchants constantly change prices as the fiat exchange rate fluctuates?
As the value of bitcoin fluctuates against fiat currencies, how do merchants price their goods and services (that have a stable fiat value, e.g. shipping) in BTC without constantly changing the BTC value to reflect the equivalent in fiat? Also, did I correctly not-capitalize "bitcoin" in the first sentence? I'm referring to a mass of coins, not the system.
The main reason why Bitcoin sustains monumental surges and drops in value is that it is an inherently volatile trading asset. So to truly uncover the mystery of how the latest drop in Bitcoin came about, we must first examine why this cryptocurrency is so volatile in the first place. The first half of 2018 has been crazy for the Bitcoin price.Even by Bitcoin’s extremely volatile standards. From the big highs of nearly $20,000 in December 2017, the price of one Bitcoin Bitcoin price and value history. Not until 2013, over 95% of the market with bitcoins were in all United States Dollars (USD, US $).. In April 2013, the bitcoin unit price dropped from $266 to about $50, soon after it rose to around $100.. Around June in the same year 2013, the price dropped steadily again to $70.. Within a few weeks, the price began to recover and got to $140 on 1st October. We created a Bitcoin Price Calculator page, where you can see what price of Bitcoin was with Luno at any time in the past. So, there you have it. In a nutshell: if something is both useful and scarce, it will demand value and a price. Bitcoin is both useful and scarce, so it has a value and a price, determined by supply and demand. Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Bitcoin Charts. Blocks: 481823: Total BTC: 16.523M: Difficulty: 923233068449: Estimated: 887736944047 in 1 blks: Network total: 7983858.406 Thash/s: Blocks/hour: 7.25 / 497 s: Home
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