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Author Topic: Why does BTC drop much more sharply then it rises?  (Read 1279 times)
jubalix
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February 28, 2017, 02:01:30 AM
 #1

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

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February 28, 2017, 02:22:01 AM
 #2

Because ponzi scam
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February 28, 2017, 02:24:21 AM
 #3

It caused by those people are trying to buy the rumour about the ETF decision. So, i guess this bullish trend can be turning into the Bull-trap anytime and every time. I need more speculation and analyzation about it. it seems like we are above the weak floor.


     
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February 28, 2017, 02:27:45 AM
 #4

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 

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February 28, 2017, 02:32:31 AM
 #5

ha its doing that right now; 1215 down to 1195 and dropping in like 1 minute...
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February 28, 2017, 02:35:31 AM
 #6

ha its doing that right now; 1215 down to 1195 and dropping in like 1 minute...

 Well, 1200 seems to be a resistance point - if it makes it through there, I don't think there is any resistance after that so... moon?

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February 28, 2017, 06:24:39 AM
 #7

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

because on the rise, everybody is buying. the small traders, the whales,... everybody buys slowly and they try their best not to cause a spike with their buys so price goes up slowly.

but when there is a drop, it starts most of the times with a whale making a big dump to create panic, then they take the money they got and start orders at the bottom. at this time everybody starts panicking and dumping like idiots they are and the whales are sitting down there with their mouths open to eat all the cheap coins. then the rise starts again.

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February 28, 2017, 06:31:17 AM
 #8

Because when people buy they are cautious - but when they are in profit they sell it quickly to lock it in. This happens on up trends.
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February 28, 2017, 06:41:22 AM
 #9

Some people use Bots, and these bots are configured to sell if certain conditions are met. A sudden drop will trigger these bots to protect the investors profits, so this is why the price goes down quickly. This will happen every time, when we see a mini dump. The day traders and speculators will drop out first and then the hoarders will break the fall. ^smile^

Many people are just using Bitcoin to make some profits, and these mini pumps and dumps are the ideal environment for them to succeed.

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February 28, 2017, 06:49:32 AM
 #10

Panic sell+day traders= sharp drops= more profit.
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February 28, 2017, 07:10:25 AM
 #11

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

because people panic easier than FOMOing Cheesy
when they see price drop started, they think this is the end of the world so they start dumping with great fear. but when price is rising, their Fear Of Missing Out is there but their panic of dump is still there too so they hesitate to buy hence slower rise vs sharp drop.

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February 28, 2017, 07:14:14 AM
 #12

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 


Bitcoin never appreciated 300% in 2 hours.



This is how it broke $70 the first time.


And this is when it was breaking it a few more times.
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February 28, 2017, 07:25:52 AM
 #13

There are actually people living on bitcoin trading/selling they cash out fiat and never buy back but as a natural system demand from new comers slowly kicks in and pushes the price up again, one important factor>hungry people need to eat Cheesy
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February 28, 2017, 07:42:48 AM
 #14

because selling you give more chance to buy back more coins, while buying not, besides hoping for a better shorting in the future

this make shorting more attractive always, over "longing", but it's not always like that, we had many big pump that surpassed the fast dump

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 


Bitcoin never appreciated 300% in 2 hours.

are you sure about 2013? the pump made bitcoin $1200 in two weeks

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February 28, 2017, 08:02:10 AM
 #15

because selling you give more chance to buy back more coins, while buying not, besides hoping for a better shorting in the future

this make shorting more attractive always, over "longing", but it's not always like that, we had many big pump that surpassed the fast dump

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 


Bitcoin never appreciated 300% in 2 hours.

are you sure about 2013? the pump made bitcoin $1200 in two weeks


Not even close. Max less than 50% - and that is on daily.
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February 28, 2017, 08:08:37 AM
 #16

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

The higher the price climbs the weaker the hands become.
It's just because a lot of people try take profits almost at the same time.This causes those quick drops.
However we still close to the ATH of 1220 and can hold this range pretty good imo.
Wouldn't be surprised if we see another run up within the next days.

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February 28, 2017, 10:03:05 AM
 #17

Because it takes time to convince enough fools to buy into it and only a second to dump to make profit on them and leave them hanging with losses.

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February 28, 2017, 10:31:55 AM
 #18

Because it takes time to convince enough fools to buy into it and only a second to dump to make profit on them and leave them hanging with losses.

looks like kwukduck is getting desperate again because he sold his coins too soon and price has gone up today Smiley

i mean look at it after a couple of days of inactivity suddenly a barrage of comments in 15 minutes Cheesy and the same thing he has been saying ever since 2010














 

 

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February 28, 2017, 01:07:40 PM
 #19

because selling you give more chance to buy back more coins, while buying not, besides hoping for a better shorting in the future

this make shorting more attractive always, over "longing", but it's not always like that, we had many big pump that surpassed the fast dump

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 


Bitcoin never appreciated 300% in 2 hours.

are you sure about 2013? the pump made bitcoin $1200 in two weeks

 Yes 100% positive it was 2013!  My cash deposit into CaVirtex was confirmed April 10, 2013, 7:38 a.m.  It was my first attempt to buy BTC for the purchase of an ASIC Bitcoin miner.   The morning I tried (which I believe was the same morning I found out my cash deposit was confirmed), I placed buy orders up to $90 but I kept missing the price - thought I didn't know how an exchange worked - and then I sat and watched in horror until the price was $270!  I really thought I would never get any Bitcoin after seeing that. 
 The problem with looking at those historical graphs is that you only see the daily close (or maybe the daily average). On the day I'm speaking of, it went up and down within hours.  I'll see if I can find more detail for April 10th - CaVirtex is gone now - sold out another entity and now it's part of Kraken - so I'm not sure I can find any records of my attempts to buy.

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February 28, 2017, 01:11:36 PM
 #20

I have noticed BTC while overall goes up, in say a run up, it seems to drop really fast....why is this in your opinion?

  EVERYONE is trying to get out of their position at the same time when the price begins to drop which exerts yuuuuge downward pressure on the value.

 The first time I put money on an exchange to buy Bitcoin, the price began to rise from ~$70 at 9 am and by 11am it was around $270 - scared the shif out of me so I went to bed ( I was working night shift anyway) and when I awoke in the afternoon, it was back down to around $90 again.
True story (though the numbers may not be exact).  The rise was actually much quicker than the drop though the whole episode took less than a day.

 


Bitcoin never appreciated 300% in 2 hours.

Code:
[img]redacted[/img]

This is how it broke $70 the first time.

Code:
[img]redacted[/img]
And this is when it was breaking it a few more times.

 I lived it my friend.  It went 300 percent in one day and came back to earth again.  You're looking at historical charts that don't show any detail for the trading day - only daily closes.
What do you want an affidavit?

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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