According to my understanding, if the exchange rate bitcoin ride height based on the chart, it is because bitcoin market needs will increase, and otherwise. Because Bitcoin not belong to a country's currency, but applies worldwide. Usually changes in currency exchange rates based on debts of a country, its economy, his produce, the progress of the country, etc. For more details, Satoshi Nakomoto more who know about it.
One of the comments that I quoted from bitcoin.stackexchange.com forum:
"As with any traded commodity the price largely depends on the confidence of the buyers and sellers in the future evolution of the price. Basically you pay whatever you feel it is worth. Like stocks this changes over time, as the company or the Bitcoin economy in our case evolves.
The wild price swings are not that really that surprising then when it is mostly sentiment driven. Any sudden move in either direction may cause uncertainty, triggering reactive selling or buying that will again trigger more reactions. This cycle is then broken by people seizing the moment to buy in cheap or sell high, stopping the momentum, possibly triggering a move into the opposite direction."
Hopefully Bitcoin Exchange Rate article can help you to be more wise in managing Bitcoin you have.
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