Bitcoin Forum

Bitcoinc falls 7% in a minute.

What triggered the fall?

algebra thread, eh?

if it fell x% in A minutes, what is the value of the variable "A"?

there needs to be an equality operator in your expression though. your equation as it stands is insoluble without an equality operator and a constant value to which your lhs equates


:D

normally it is because the ground hog saw his shadow.

Okay, let's start with a proof that it really happened because I can't see it. If we look at today's price dynamics on coinmarketcap, it seems that Bitcoin did not have any changes above around 2% from today's maximum price. I also don't see a 7% drop yesterday even within the whole day, whereas you're talking about minutes. If it was a momentary thing, it can be hard to find it right now, though, so it would be nice if you specified the day the hour at least. But even if something like that happened, I don't think it's a reason to panic or something the reason to which can be found easily. It could be a big selling order, but what's important is that it did not affect the market much.

It's because there are lots of marketcap website and price indicator besides cmc. Possible that the op used different site or exchange with different rates.

Why does a price movement have to be triggered by something? Could it be some holders just wanted to hedge their bitcoin? Professional traders don' t read into the news in as much as they read the price action in the charts.

The price fluctuation is based on the buy and sell orders, to understand this you need to see a graph like this:


On the right side you have the sell orders (The bitcoins) on the left side you have the buy orders (The Dollars), so, when you see a 7% fall in a minute it means someone sells a lot of bitcoin covering the buy orders and dropping the price.

What website you have visited that tracks the price of bitcoin? I don't see it as 7% but even if it will hit -7% fall, why it looks something new to us?

This is no longer a very new thing even if bitcoin plummet within a day.

After all these years you do still shocked on how bitcoin price can potentially move on a matter short of time? 7% or more isn't a new thing to bitcoin.

We don't know on whats behind the dump not only to this time but on all the dumps that do happen suddenly which it do always leave out the question on what behind on it
and instead on stressing yourself its much better to utilize this movements for you to make money.

We have seen this before so I don't know how are you surprise to see such dramatic fall in a matter of minutes. Haven't you heard about bitcoin's volatility? I would assume that you haven't been in this game for too long to see the roller coaster ride and it seems that you are in a panic mode seeing the price move that way.

If could be someone dumping his bitcoins and liquidating his stash, maybe he needed cash or just simply wanted to manipulate it so that he can buy it again at cheap price. No need to panic here, just stay cool and I'm sure that you will be tested a lot by seeing that kind of price movement.

Just for OP's more understanding. Bitcoin and crypto price drop and rise can also be related almost like our daily buying and trading of products in the market. The mere seeing of a trader making order of an unusual large amount of product he/she does not buy earlier can create artificial panic in the market circle and that will cause an artificial price increase because people will likely start stocking the product for fear of abnormal increase which will be the eventual order of the day at a point.
And it also happens in selling and selling cheaper too.

So, maybe someone dumped a large amount of bitcoin, is possible to have caused a certain drop.

people have to realize that newcomers are always going to be surprised to see higher than normal changed such as 7%-10% and percentages like that. it is not that common in other markets. and when that percentage translates into a higher amount since the price is already high (meaning 10% is like $1000) then it is even more surprising.
for us who have been around, seeing that kind of price change is not surprising but someone who is new is going to be confused at first.

What doe that even mean?

7% and you are already in panic?
This will be better off in the trading discussion if you are looking for answers for every percent that it will gain or lose.
It had fall for like 50 to 200% and yet some holders didn't even flinch.
We know it will get back. It aint that large to be so much of an issue. Yet. Perhaps someone sold some bitcoin. Yeah, that is the answer.

Where you look at the site for price updating?it seems that yours are late because the fall of about 5-7% according to CMC happens in August 30 and starts to grow the date and time you posted this(or you have just create a thread later after you checked the market?
Anyway I see nothing about 7% fall because we are still in a $9k value in which important for not to fell to below this range

What kind of question is this, is this the first  time you will be seeing bitcoin fall within a very short period of time, we have had so many of such experiences in the past and we have gotten over it after bitcoin rebounded, no one can exactly tell you what the cause was and not even technical analysis, that 7 minutes would have been an opportunity for you to make money because as it dropped, if you had bought again and then wait for the market to rebound as usually, that 7 minutes could make you a millionaire depending on your capacity to trade.

Bitcoin will always fall, because it is a volatile coin, and has lots of volatility which allows people have the opportunity to always trade with it and then earn some money. Just learn how o trade that is all, and not all questions about the fall of bitcoin.

If you are involved in Bitcoin for a long time you shouldn't be surprised by that, it's quite normal. Bitcoin is volatile and price changes, pumps and dumps even quite quick and sudden are normal.
But I guess if you are new in Bitcoin world such price changes might be a surprise for you until you learn and get some experience.
Anyway, this is normal situation and nothing to be worried about.

Multiple time frames, I'm more concerned on about when all tides seasons and waves match to create a big move.   7% is something to look at and BTC is confirming it remains volatile but like the title says, the timeframe was minutes which means few people were actually involved.
  The bigger moves are going to come from a common consensus in the market, a tipping point where somehow the free market decides 8000 is the more balanced price between sellers and buyers right now.   So I think the bigger move is developed over time, of course I'm just speculating but I wanted to post this chart below which is short term:

https://i.imgur.com/cU3FnWFg.png

This its just 15 minute bars but we've exceeded the confines of this sell off earlier today.   I think a break past 38% is considered to be when many consider a possible bullish reversal of the selloff previous.    Iam then going to look at wider timeframes, upto a day really and see how it pans out vs something like the 50 day moving average.  That one is a bigger deal for getting direction overall.

Full retrace of the selloff.......impressive move by the bulls!

https://i.imgur.com/l5Hrqry.png

I'm still hesitant to turn bullish on the big picture quite yet. This spike to $10,500 could turn out like the failed spike on August 26th. We'll see if the pullback is shallow and bullish or returns to bleeding. That should give us a good idea of things to come.

How about the $1k up in just an hour or day? Well, the market moves like this always and we have to take that as a way to take profit or buy and sell. Bitcoin fall is not that huge, it bounces back easily and hopefully to go for another up trend. In just a minute the price can pump or dump but remain positive and know how you can handle that.

That fall was necessary for bitcoin to rise 7% too and back trading at over $10,000.
per https://coinmarketcap.com/, btc is trading at $10,383.31, its a big increase compared to the price that we've seen in the past few days.

I was right that BTC will eventually fought back up, and here it is now, we are witnessing a good run ad we will probably see this back at $11k again soon enough.

Exactly, that's why people are advising not to panic for a minute here because we all know that Bitcoin has this sort of ability to bounce back after what? 7% drop in a minute? LOL. Was out the whole day and just checking the price and I was not surprised that it suddenly jump above $10,000 again. So I'm sure the OP is very excited to see the current price and will no longer question and doubt how Bitcoin is resilient and can recover after such dropped.

Bitcoin is highly volatile and not all of us that adopt this as a fact. In July we see bitvoin adding $1300 within just an hour and in the past we have also see Bitcoin adding around or losing more than that in just 30 minutes. Those that are following all this movement are really losing money and some especially those that understand the volatility of bitcoin are using the up and down of the price to gather a lot of bitcoin by buying and selling at the right time.

More excitement be felt if BTC will be back again at $11k which likely to happen in the next few days.
Before I sleep, BTC was jus trading at $10,400, now it's already at $10,600, when the market is bullish, nothing is really impossible.

A fall in minutes has been normal in the market, but we don't want to see that, unless we are shorting BTC.
OP should now learn from what he is witnessing now, a possible same scenario in the future should not make him worry anymore.

the highest rise of bitcoin from april even now It is not true or reasonable Falling by 7 or more percent is very normal

Bringing new investors to buy at high prices will not lead to bitcoin growth

It will only make us crazy to check Bitcoin price all the time, in a minute or in a second.
It doesn't matter to falls by 7% or more cause that is will eventually to happen and we know the volatility. All the time investors are moving their funds either be out or in, making the price to move in a minute or in a second.

"high" only depends on your perspective. if you think price should be $5k then yes, $10k is high. but if you think price should be $20k then $10k is a discount!
so what happens is that investors don't come in based on what the number is for the price but they only come when they speculate about what this number could be in the future. so if they see the potential and realize that price is going to reach at least $100k in the next rally phase they wouldn't hesitate investing no matter what the current price is.
the problem however is that they are not yet seeing that potential and most investors wait too long to realize it. that is why we have a lot of entry near the bubble's peak each time!