Bitcoin Forum

Why is everything collapsing today ?

Yesterday was up day, but all profit is gone

any advice what to do in these cases

Bitcoin price go down and like it always does , it affected the altcoins.It's just always like that you should realy bother much because there isn't much to do.Pray and wait for the prices to go up.

Isn't that the beauty of cryptocurrency? ETH, Ripple and Monero seems to be on a upward curve though!

Ever market in the entire world is "One day UP and one day DOWN". 

My only advice, just ride the trend. Market is unpredictable and we don't have ability to predict the exact same thing to happened.

Come on. Doing crypto trades isn't easy as you think. People who earned a lot here not always win in terms of luck. They analyzing the market to win the game. Price decrease is possible since it's impossible that the trend will always be going up. No way it will happen since people are eyeing for the profits. And don't see price decrease as bad happenings. During price decrease it's a big chance for people to buy again at lower price then just wait again for the increase for possible profits.

How to trade this ?

should you close when up to take profit , and wait for it to go down to buy back ?

it becomes a full-time job like that ! so impossible

I think it's called trading. If the market went up constantly, everyone would come here. Then I would not have had to work :)

That was a basic thing in trading you need to buy low and sell it when the price is high.. do you think you can make profit if you buy high and sell it for lower price?
so before you can make profit if you buy low you should sell it for the high price... and the movement for example bitcoin the price of bitcoin is not stable anytime soon the price can be increase or down.. depending in demand and supply
In trading if you want to learn better to start to learn how to make your own margin and sell bitcoin as sample 25% if the price was increase today and makes your profit if the price tommorow will increase sell 50% of your bitcoin so that you have a remaining of 25% of bitcoin that you can sell if the price continues to increase in order to make profit..
If not increasing just wait again or if the price is down wait for more cheaper price and buy more bitcoins and do the same if the price increase just sell partially in your bitcoin so that you will not loss opportunity to make profit for every price increase..

What did you want to enter this market?)
Volatility determine the variance of the price of a certain financial instrument within a certain period of time.

That's the problem/nice thing about trading Cryptocurrencies.  Most aren't tied to ANYTHING but a developers dream, and in a lot of cases not even that.  95% of the coins don't have any real purpose aside from being traded.  And most coins "Market Cap" has NOTHING to do with how much has been invested in a coin, and is just a time slice of the last trade vs how many coins are currently available.  They don't actually have anything to do with how much has been invested in the currency. 

Which is why they fluctuate soo much.  It is a bad thing in some regards (stress ect), but is great in alot of other ways, and probably why you were pulled into thinking about trading Cryptocurrencies in the first place.  No where else will you find stocks/ect that fluctuate so much.  Many stock market traders think a double digit year increase is a great year.  In the Cryptocurrency world, that can happen in less than a minute.  Aside from a few more base coins (BTC ect) where you can buy and hold and expect a return, most you need to watch closely.

The most important thing to remember though is that they aren't tied to anything.  So NO ONE can tell you if they will go up or down, aside from the whales and pump and dump schemes tossing the prices around. 

A lot of price changes seem to be completely unpredictable, and often the lower the marketcap and trading volume the more volatile the coin. But sometimes patterns become quite clear, and with reasons that are clear - for example the June/July dip in the BTC war. Or the huge price increase following the hype when Antshares got rebranded to NEO.

But more often than not price rises and drops are very short-term, and if a coin has been shooting up for a while it's generally a bad idea to buy in as it will dip quickly and you'll be left holding an overpriced coin.

Because all cryptocurrency are volatile for the reason that each if its market value depends on the market's demand. And also, it don't have physical value, so change on its price from time to time cannot be avoided. But it happens often, so you don't need to worry. Keep calm, and patiently wait until its value increase again. It won't take long, probably.

If you consider of losing money (profits? lol) just stay away from trading and go to btc/fiat.

is normally the price to stay low after high, low, high.

it's part of marketing.
by the way its every hour you can see obviously the
changes of the price.
Try Ethereum it has a Stable price.
and still going up.. from 280$ to 300.26$ to 324$..

Dont trade.
But coins you think have something that no other con have and securely store them and enjoy your time.  In the mean time you can learn about Crypto technologies, or doing whatever you want. some sport, a hobby, ...

Worse thing is if you go spend all day daytrade and half your money.

how to trade is when you can buy in lower price and you sell in high price, its the basic of trading. when we take profit? I think its depend on how much we want to take profit, if we want to take bigger profit then we need to be patience to see the higher price and then we can sell and this is works too with buy back in lower price.

Do you know any other market that is always down or always up?

Let me know, I'd make tons of money there :)

This is how the market works, either the prices go up or down. If you are trading for the long term, patience plays a part.

Keep waiting for it to go up. If not, learn about chart indicators so you can do day trading, but I wouldn't recommend it

Welcome to bitcoin. The 'hot mess supermodel'. When it works it's great.
When it don't she's a Banshee. If you plan on sticking around, you'll be
in this constant pattern

Bitcoin: Always Drama 🌪

it is a complex mix of rumors, speculation, weather...

All markets moves in a wave pattern - goes up, goes down. Longer uptrend - bullish. Longer downtrend - bearish.
What goes down, must come up. What goes up must, come down.

Movements are just faster in crypto compared to stock market since crypto trades 24x7 and with no country boundaries .
One night, before you go to sleep, your coin/token could be up and as soon as you wake up, it's already red.  ;D ;D ;D

Your complaint is nonsense, this is extremely normal for the market of decentralized coins. If you learn how to make money in such times, it could turn a oppurtunity for you.

Great opportunity to see which altcoins are strong.

Another nice thing about that is - we will clearly see if it is bubble or not. If BTC for example will go back soon to 4000 it means it is solid price.

This is usual thing in the virtual currency world because if no fluctuations will done then what will be advantageous factor for us to make profit .
So it is better thing for us to have bitcoin and other altcoins price fluctuations daily .
Here i would like to give you some better suggestion to handle your profit and loss during fluctuations .
Today you have chance to make buy those coins which are at low price and also you have chances to sell those coins which you bought and today is at high price .
So always see the profit , because if you can make 1 to 10% profit daily then still it will be a better thing for a you as an trader .
So always see at those coins which are at low price , and don't buy those ckins whose price is increasing speedly because dump can start anytime .
My current trading is going with dgb coin which is at -16% and i am 100% sure that next day i will make +10%  easily .
So make activity fully of your trading work , instead to wait for long time .

When market is dump you can buy order and when buy order is complete than you waiting for market up.When market is up you can place sell order i think  
you can get some profit.Its strategy i always following.

you actually understood the market well but only understood half of it. and that half is called pump
now you just have to understand the other half and accept is existence and you will be able to succeed in this market. the other half is called dump.

if you know this and really accept it you can see the reality of the market and then act accordingly to be successful. buy before the pump and sell before it ends which is when the dumping begins.

most people just see the first phase and think it can continue, but with altcoins that is not the case ever. it stops at some point and the next phase starts inevitably.

You're new here huh. Tell you what. Volatility of crypto is going up. Fiat is stable but boring. As a trader this is what we need "volatility" you can't trade on a stable market. This crypto get used to it.

every market in different country are somtimes going up and going down...depends on the demand....bitcoin market are not stable and it affect other coin, when goes up bitcoin goes up the altcoin will next on it and vice versa. learn to understand the market so you would bother anymore.... good luck

Actually, Bitcoin is "Always Drama" only if you are spending all day reading the crypto sites for news, bitcointalk for postings and social media. If you are like a lot of other people who only bought Bitcoin and read about it in mainstream media, you would never realise even an ounce of the drama we hear and read about all the time.

This makes it no different from oil drama, or gold drama... etc.

Excuse me! You really need to get your facts straight. There is nothing drama about bitcoins. They are the most used crypto currency and most chased one. If you are having no bitcoin or gave up on them in their hard times, you have the right to talk such about bitcoins. But people know very well which currency is worth investing. 

Er yeah, put it on a bank account and get your 3$ yearly interest. Only goes up! All the best man!

People talking about supply and demand and even the weather here.

Does this look anything like coincidence or "normal market behaviour"?

Coins that have been dead for 3 years suddenly 3-7fold in 1 day without any news or use cases.

If there was a real demand for any of those coins prices would go up naturally and healthy over time. But there isn't. Whales and trades are just waiting for their next 5 or 250% quick profit.

ETH for example is only at that high price because abusers suck out the ICOs of new fake start ups that pretend to deliver some kind of new service or product. Guess what, no one needs or uses all that shit. It just sounds good. Thats what the whales and trades know, so everything gets instant dropped when the price is right. Its of no worth to anybody.

Now a days Market of Altcoin is Good Just buy and enjoy

This is a natural phenomenon that a crypto trading has. Sometimes up, sometimes down. When it's down you just have to wait for it to rise. If it rises, that's the time for you to sell if you have some that you think you'll profit from it. That's why, long patience here is important. But if you want to get studied the coins you are trading...read informations, threads, forums so you have the idea or might have some signals. A better one. :)

That's the part of the cycle. It is normal in every process. It is needed to balance and stabilise everything. Every single thing that has relationship to the cryptocurrency world has impact, even the smallest one in the situations that is happening around the community. As long as they interact with each other, they will produce some results, it's either good or bad. No one knows what will happen in the future. So you must be observant so that you be able to predict something that might happen in the future and perform corresponding action to your prediction. But that is just a prediction, it might happen it might not, so you must be open to other possibilities.

People are always following the train, if there's someone with the massive amount of crypto is dumping the market. People will try to follow this, what's the reason? they'll be trying to sell immediately in order to catch the higher value of the cryptos they were holding and try to rebuy it when the crypto just on its lowest point. Especially those coins with very low market cap, really vulnerable to manipulations.