Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's Value is volatile due to its decentralized structure that is why an irregular rising and falling of its value is felt frequently. Though its status so irregular, it seems that it's current status is going all the way up which makes it more recognizable now a days.
Exactly. When one currency is decentralized then there is no check and balance from one supreme power about what is going on. Like our local currencies, there are regulating by the National banks and governments, that is why we have a stable price in business in our country. Bitcoin have decentralization and that makes it more volatile because of randomness.
Yes I agree, the decentralized of the bitcoin is of the reason why so volatile,and an speculative asset that makes people attracts bitcoin. Bitcoin value is volatile because there are many who suppports bitcoin, Which invested in continues to buy and sell on bitcoin that make it volatile. So the demand is increasing in bitcoin.
I think the reason of volatility in bitcoin price is due to investment of the people and also the trust. When the people have trust in something they will use or invest in them but if there is anything doubtful then nobody will invest their hard earn money in such doubtful thing.
Some statements defame bitcoin a lot and the price which was about 4600 dollars dropped to almost 2900 dollars I just a few days. The reason was the false statement from somebody about bitcoin.
May be you are right with your experience that volatility is due to people interest in bitcoin but I think it is not a volatility because I am seeing it as a normal nature of latest technology.
I think in future many things would be happening with immediate change because people will focus on time so much and they would have been of nature to see changes in things within seconds because it would be need of that time and it would not be wonder for people seeing rapid changes in things.