Bitcoin Forum

I want to ask about people like this in the world of bitcoin exchange market. A little story, yesterday I made a sale and purchase transactions in bittrex when the btc price reached 60 million idr.when I sell in the price range, suddenly tucked the price 58 million idr. there I am angry and upset because the person will indirectly drop the market price bitcoin that is ongoing. And now for next question, naturally treated like what kind of person like that?

Some do that to sell faster, its kinda irritating when you are selling at price range but since that person already get what he/she wants then it is okay for that person to drop the price just in able to sell faster. I don't usually do that because I know that it is not a good thing to make a transaction that might affect the ongoing pump, but others do that a lot.

you can know what next will be happen in the market and why you angry? many people want to buy with cheap price and many of them want to sell in high price and i think its natural. you can follow that person to buy with cheap or buy instant. it is up to them in what range of the price they want to buy and sell. one thing that we should undertand that in bittrex, its larger market than only in local exchange and there are so many people that come from over the world and they have their own goals.

bittrex does not have IDR market. there is only USDT and other altcoins versus bitcoin.
when you trade you should look at the price of bitcoin/USDT and report it that way also. unless you trade some place else.

besides the drop from 60 mil to 58 mil is just a 3.33% drop. that is nothing to even want to talk about and become angry!

This situation is normal in  the cryptocurrency market, because everyone has different desires and the bitcoin price is fluctuating
they are free to sell at any price because it is their right

You have to get used to this, it happens a lot and people with large amounts of coins also known as whales easily manipulate the market.

Get a friend that is familiar with the exchange to guide u for the first 1 or 2 time. Sometimes we just cannot afford to make a mistake even though we are learning

you should not have to be angry, just down a few percent from the price of 60jt. many people like that because he wants to sell quickly or maybe there is a need he wants to finish. it does not matter if only one person does that, you should be patient as the price will rise again. and you should see the graph on the exchange site

Why are you even angry about the drop?

I hope you understand the volatility of cryptocurrencies. The drop you experienced was mere 3.33%. If you have watched market ever before, you could have understand that coins even experience more than 50% drop in a single minute. Recently, Bitcoin is much stable than a week before. These 1%-5% fluctuations are way too common. Be prepared for more if you are willing to continue trading.

You are right. all because of the need, maybe the person is being pressed in need of quick funds. so it all depends on the circumstances. although I disagree with him
whereas the OP can buy it and earn a profit.

When you trade, don't expect to sell your coin in a minute unless you're going to decrease the bid value. Think about being that person and she wants to get more and quick.