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Author Topic: There is no reason for small price changes, Stop looking!  (Read 2635 times)
Red-Apple (OP)
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November 24, 2016, 01:20:08 PM
 #1

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?

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November 24, 2016, 01:54:15 PM
 #2

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?

I strongly agree. There is no reason for some emotional reactions, panic selling or buying and deeply questioning about some "secret" reasons for increase of the price.
Current pumps and dumps are within the range of normal Bitcoin price fluctuation and volatility so everything is under control. However, we'll see what will happen in the future.

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November 24, 2016, 02:35:48 PM
 #3

The larger changes aren't because of smaller market cap, it's because of lower exchange liquidity and noob traders which are far more emotional and easily duped. I also think market cap is a bad metric in Bitcoin. The cap keeps rising every 10 minutes whether a coin has been sold, bought, or lost in that time.

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November 24, 2016, 02:57:55 PM
Last edit: November 24, 2016, 03:18:57 PM by xIIImaL
 #4

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?

I am not aware of it buddy. but I have noticed that price use to pump on the weekends only. I do not the reason for it. However this happening from the past 2 months and it healthy for the bitcoin only right. So let it be.
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November 24, 2016, 03:05:36 PM
 #5

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?

It's usual to see some people with thoughts like that as we have different view. Don't mind them to research what is really happening. It's their precious time after all. Honestly even a $10-$20 continous decrease in a matter of minutes or hours will bring worries to some people and will ask what is the reason behind all of that.

Well FUD are everywhere and it's up to the people how they will deal with any reasons, speculations, own analyzations etc that they will encounter.

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November 24, 2016, 03:34:49 PM
 #6

It is just normal to ask reasons for increase or decrease in the price of bitcoin. Even small changes should raise some concern. They are invested into it anyway. You know what will be more concerning? If people do not ask or care about the price movement anymore. It will just mean they are done with bitcoin.
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November 24, 2016, 04:00:27 PM
 #7

I agree with you and also without any price swing like this there will be no any trader trading bitcoin for profit daily. We have to look at bigger picture or we have to look at price trend of bitcoin for a half year or yearly period not 1 minute chart for last 60 minute or 15 minute chart for a day. $10 to $20 swing can happen within a hour which is normal for bitcoin.

 
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November 24, 2016, 04:09:38 PM
 #8

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?
There are some thread that the issue of this is the "BLACK Market" or they called it thanks giving in america but if theres any reason why the price is drop into small cut then this is a thing that is really common in trading or in market this is realyl happening daily or hourly when the price is drop then there are some traders that they are selling there bitcoins in markets.

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November 24, 2016, 07:40:43 PM
 #9

I do not call 50 usd a small change on the current price. That is more than 5%!

I agree that some people overreact when the price changes by 10 or so USD, but a 50 usd drop usually means something bad is going on.

Fluctuation is part of bitcoin, just as it is part of anything that is being traded on an open market.
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November 24, 2016, 11:56:46 PM
 #10

Well if you are into day-trading these small changes are what will make you money. Every bit of info is somehow important IMO.

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November 25, 2016, 02:12:41 AM
Last edit: November 25, 2016, 02:23:40 AM by maku
 #11

I tend to agree with Red-Apple here. Price changes lower than $50 are not that significant when Bitcoin is more than $700 now - it is normal market fluctuation.
Unless I see some market/political/general news and events I can connect to shifts of bitcoin's price until then I will blame small price fluctuation on bitcoin innate volatility.
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November 25, 2016, 03:18:52 PM
 #12

I do not call 50 usd a small change on the current price. That is more than 5%!

I agree that some people overreact when the price changes by 10 or so USD, but a 50 usd drop usually means something bad is going on.

Fluctuation is part of bitcoin, just as it is part of anything that is being traded on an open market.

I wouldn't call a $50 drop bad.It happened so often before.
To me it just means that some big guys are playing with the market again.
And when that happens I try to stay out of trading because it is too unpredictable and the chance of getting burned is high.
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November 25, 2016, 03:46:27 PM
 #13

I do not call 50 usd a small change on the current price. That is more than 5%!

I agree that some people overreact when the price changes by 10 or so USD, but a 50 usd drop usually means something bad is going on.

Fluctuation is part of bitcoin, just as it is part of anything that is being traded on an open market.

I wouldn't call a $50 drop bad.It happened so often before.
To me it just means that some big guys are playing with the market again.
And when that happens I try to stay out of trading because it is too unpredictable and the chance of getting burned is high.

I think as well that drops in a range of 50$ do not matter.
Sometimes they happen just because it's weekend and the amount traded is not that high.
Then even a smaller fish who wants to liquidate his coins can lead to a drop.
I have learned to stay cool meanwhile.

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November 25, 2016, 03:52:02 PM
 #14

I agree that the current ups and down in price of BTC is just the regular fluctuation that the whale took advantage to get profit.  Since they have plenty of BTC, any change in amount may it small or big will benefit them.  Any huge movement in price simply mean there is something going and something big is involved with it.


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November 25, 2016, 04:10:51 PM
 #15

50 $ up or down is really not a big deal for bitcoins, and that doesn't need to mean anything. After 50 $ drop, for bitcoins is normal to increase 100 $, or reverse to happen.
There is a lot of reasons for this small price changes, with bitcoins we always have something happening. And bitcoin is vulnerable to all positive and negative impacts, thats why we see so much fluctuations.



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Rainbot
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November 25, 2016, 05:38:38 PM
 #16

50 $ up or down is really not a big deal for bitcoins, and that doesn't need to mean anything. After 50 $ drop, for bitcoins is normal to increase 100 $, or reverse to happen.
There is a lot of reasons for this small price changes, with bitcoins we always have something happening. And bitcoin is vulnerable to all positive and negative impacts, thats why we see so much fluctuations.

it depend if it drop 50 and then it drop another 50 within a week we are looking at a dump trend, otherwise it can just be manipulation, but some correction can some times lead to big drop and panic selling, the opposite is also true with small pump

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November 25, 2016, 05:59:44 PM
 #17

All trading assets have price swing and as bitcoin is also in trading market pumps and dumps should be considered as normal. The one who can understand this ups and downs are normal and you can earn good profit playing with it will earn good profit daily while the others who keep getting panic on small price pump and dump will end lossing all. This is simple rule of trading... Wink
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November 26, 2016, 06:01:28 AM
 #18

Sometimes even me myself just wonder why people seek to believe they must have all the answers. Its not possible and I agree with you. Although there are explanations to every changes but it is also OK if I dont know the answers. Maybe because of the amount of Bitcoin I have currently and the activities I am involved in, I still dont bother myself to know the very explanation to every rise or fall of Bitcoin. I wake up, I see a rise I am happy if otherwise, I adjust and move on.
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November 26, 2016, 08:00:46 AM
 #19

Being a speculative investment asset with lower liquidity bitcoin is inevitably subject to such price swings. So they are quite natural and definitely not out of the ordinary.
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November 26, 2016, 08:49:22 AM
 #20

I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.

I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.

what are your thoughts on this?

Well, I think that there are a lot of factors that contribute to bitcoin's rise and fall. Sometimes it is just pure variance that is expected to happen. There is not really anything interesting going on in natural market variances.

Sometimes there is somebody buying a big amount, maybe just for his own investment. Other times someone could be cashing out on his investment. Doesn't have to be always big whales that are buying in.
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