Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
I guess it's because bitcoin, being a virtual product, has no reasonable physical representation of its value so its price became speculative so if anyone decides that bitcoin is no longer valuable and starts to sell their investments bitcoin's value might have a chance to drop. On the other hand if someone decides to buy bitcoins the value may rise. Bitcoin's value depends on the amount of people that believes in it.