Post
Topic
Board Economics
Re: Why the price of Bitcoin change more than traditional currencies?
by
DomainMagnate
on 04/03/2017, 11:00:44 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?
The availability of bitcoin is limited to 21 million while traditional currencies can be printed at will.
Also a large portion of bitcoin is in cold storage and some is lost for ever.This creates huge gap between demand and supply.