Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin is volatile because there's no one controling it. It is decentralized meaning the government has no power over it same with any other organization. It has no stable value because it is rotating through blockchain technology and there's no definite assurance that it will always be in demand. You can benefit from the volatility of bitcoin wherein as the value pumps up, your profit will rise with it together but it can also happen in reverse.
Yes bitcoin is volatile because of its nature and having no control by anyone, Everyone is free to buy or sell bitcoin at any time. The increasing interest of the people also make bitcoin more volatiles. Bitcoin will remain as volatile because for a long time because still much more people have to accept bitcoin.
Bitcoin's value is very volatile because its value depends on the forces of demand and supply.If the demand in the market is more then the prices will automatically rise and vice versa will occur if demand is less or supply is more.Since bitcoin has gained a lot of popularity in the last nine years,its demand is increasing day by day.Bitcoin is also decentralised so it is not under any central bank or government.It is based on blockchain technology and is internet regulated.