Post
Topic
Board Economics
Re: Why the price of Bitcoin change more than traditional currencies?
by
delliaerd
on 24/12/2016, 05:39:32 UTC
I noticed that the price of Bitcoin change much like all altcoins.
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?
Other currencies are not like bitcoin, it is not something that is not controlled by the overall market there is no constant demand on it the Euro and Usd are being used on everything by producers and consumers so it is always moving so its price never goes up but as for the bitcoin it is controlled by the community and if they want to use it or not if bitcoin was used so often then its price won't change a lot.
Yes I agree with you two, the government have strength to controk their fiat price.  But for all countries, there are some country that can not control their fiat price so the price is fall far away against dollar. Bitcoin price move  so wild becouse the circulation and spreading is not good. So the hoarder have bigger control of bitcoin price. But I think its just for now becouse I really sure that the circulation and spreading will much better in the future.