Quote from: mezzaluna on October 08, 2020, 05:13:58 PM

Quote from: Chrystora123 on October 08, 2020, 02:53:02 PM

Quote from: Jayrmalakas on October 07, 2020, 12:10:08 AM

because bitcoin is not a stable price ,its depend on how people to buy and to sell bitcoin its form investors ,sometimes they will panic selling cause of changing his price ,there is no asurance about the price of bitcoin

panic selling usually occurs when whales doing big sales to capture profits and then buying back at a lower price..

Quote from: Marina5 on October 08, 2020, 02:35:16 PM

As Bitcoin is a decentralized coin and no one can control it completely, that's why Bitcoin is so unstable. But price depends on the user that supply and demand ratio.

this is the most appropriate reason, Bitcoin is a decentralized coin where the price change is influenced by the amount of market demand, we will not be able to hold the Bitcoin price stay at the price of $ 10k when the market demand increases or decreases..

I really approve that reason and would be my basis on why Bitcoin's value is fluctuating but what is hard to determine is why people needs it on some months because the fluctuation is totally random. People only panic sell when they needed the money in a rush but not their choice to sell it lower.

I bet that word unstable doesn't fit in the world of cryptocurrency well first reason of this is because cryptocurrency was decentralised currency meaning to say it is not adopted legally by the government and mostly not controlled by the government or any legality government. Second, bitcoin was a kind of cryptocurrency that's why my explanation regarding cryptocurrency was fit in bitcoin also.