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Topic
Board Beginners & Help
Topic OP
What have caused the rise and fall of bitcoin prices in the past?
by
spirates
on 28/01/2013, 10:23:45 UTC
Being relativly new to the bitcoin market it's worrying to me when looking at how the bitcoin market have changed, worrying because my bitcoins today might be worth alot less tomorrow.
Just take a look at this graph showing the market for the last 6 months, it has never been stable for long at all.
http://i.imgur.com/l9onlRC.png

So my question is what caused the sudden raises and falls? Especially back in August, over a few weeks the market skyrocketed, and then in a day or a few days went rock bottom. why? and what causes the bitcoin to raise and raise in price today?