Post
Topic
Board Economics
Re: Why the price of Bitcoin change more than traditional currencies?
by
Victorycoin
on 04/01/2017, 15:10:41 UTC
I think Bitcoin change more than traditional currencies
because it is designed to be fluctuating price. Theres
no walls not supports that it is should be at the limit
price. Everyday its fluctuating than traditional currencies.
Well it doesn't fluctuate just for the fun of it, market forces brought about by demand and supply are the factors that make market price go up or down. These days a number of countries are having tough times with their national currencies as well as double digit inflation rates, making people to run for safety. Bitcoin is very promising in terms of being a safe heaven asset and that explains the over $1000 per bitcoin we are seeing these days. Except something drastic happens in the industry, the price would not be in a hurry to go south.