Post
Topic
Board Economics
Re: Why the price of Bitcoin change more than traditional currencies?
by
0t3p0t
on 09/01/2018, 11:18:53 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?
For me, what makes Bitcoin's price change more than traditional currencies is due to it's limited or fixed supply and increasing of enthusiasts and investors. It could possibly be a factor wherein Bitcoin is decentralized. I think high volatility of a traditional currency is not that good for every economy as loss might happen in just a matter of seconds on any businesses. Local fiat currencies are I think made just to be a stable currency by governments who has a full control to avoid any conflict regarding a sudden rise or fall because it might cause bankruptcy and will make a country's economy to something like "crash".