Bitcoin Forum
June 23, 2018, 06:24:38 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Why does BTC drop much more sharply then it rises?  (Read 1279 times)
jubalix
Legendary
*
Offline Offline

Activity: 1820
Merit: 1002


View Profile WWW
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?

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
1529778278
Hero Member
*
Offline Offline

Posts: 1529778278

View Profile Personal Message (Offline)

Ignore
1529778278
Reply with quote  #2

1529778278
Report to moderator
1529778278
Hero Member
*
Offline Offline

Posts: 1529778278

View Profile Personal Message (Offline)

Ignore
1529778278
Reply with quote  #2

1529778278
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529778278
Hero Member
*
Offline Offline

Posts: 1529778278

View Profile Personal Message (Offline)

Ignore
1529778278
Reply with quote  #2

1529778278
Report to moderator
1529778278
Hero Member
*
Offline Offline

Posts: 1529778278

View Profile Personal Message (Offline)

Ignore
1529778278
Reply with quote  #2

1529778278
Report to moderator
2017Bubble
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
February 28, 2017, 02:22:01 AM
 #2

Because ponzi scam
X-ray
Hero Member
*****
Offline Offline

Activity: 868
Merit: 501


TokenUnion-Get Rewarded for Holding Crypto


View Profile
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.


▄████████████████████████████▄
██████████████████████████████
███████                ██████
███████                ██████
███████▄▄▄▄▄▄    ▄▄▄▄▄▄███████
███████▀▀▀▀██    ██▀▀▀▀███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ▀██▄▄██▀    ███████
███████▄     ▀▀▀▀     ▄███████
████████▄            ▄████████
██████████▄▄      ▄▄██████████
██████████████████████████████
▀████████████████████████████▀
.
.TokenUnion.










Reinventing Savings via Cryptoeconomically
Incentivized Holding

    ████▄▄▄
   ██  ▀▀▀████▄▄▄
   ██        ▀▀▀███▄
  ██     ▄██▄     ██
  ██     ▀██▀     ██
 ██   ███▄▄▄     ██
 ██     ▀▀▀███   ██
██   ███▄▄▄     ██
██     ▀▀▀███   ██
▀███▄▄▄        ██
   ▀▀▀████▄▄▄  ██
         ▀▀▀████
WP
■  Telegram     ■  Github
            ■  Reddit     ■  Twitter
xhomerx10
Legendary
*
Offline Offline

Activity: 1694
Merit: 1206



View Profile
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.

 

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
travwill
Sr. Member
****
Offline Offline

Activity: 405
Merit: 250



View Profile
February 28, 2017, 02:32:31 AM
 #5

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






.......Web...............Bounty..............Twitter.................Telegram.......
Blockchain Pensions Infrastructure



xhomerx10
Legendary
*
Offline Offline

Activity: 1694
Merit: 1206



View Profile
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?

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
Herbert2020
Legendary
*
Offline Offline

Activity: 1246
Merit: 1067



View Profile
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.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
zby
Legendary
*
Offline Offline

Activity: 1584
Merit: 1000


View Profile
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.
Kakmakr
Legendary
*
Offline Offline

Activity: 1330
Merit: 1073

★ ChipMixer | Bitcoin mixing service ★


View Profile
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.

Tesorex
Full Member
***
Offline Offline

Activity: 203
Merit: 100



View Profile
February 28, 2017, 06:49:32 AM
 #10

Panic sell+day traders= sharp drops= more profit.
pooya87
Legendary
*
Offline Offline

Activity: 1316
Merit: 1090


Buy bitcoin they said... who listened?


View Profile
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.

zby
Legendary
*
Offline Offline

Activity: 1584
Merit: 1000


View Profile
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.
ImHash
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500

segwit=lower fees


View Profile
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
Amph
Legendary
*
Offline Offline

Activity: 1918
Merit: 1001



View Profile
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
zby
Legendary
*
Offline Offline

Activity: 1584
Merit: 1000


View Profile
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.
Denker
Legendary
*
Offline Offline

Activity: 1358
Merit: 1012


View Profile
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.

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

kwukduck
Legendary
*
Offline Offline

Activity: 1942
Merit: 1000


View Profile
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.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
talkbitcoin
Legendary
*
Offline Offline

Activity: 1022
Merit: 1004


View Profile
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














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
xhomerx10
Legendary
*
Offline Offline

Activity: 1694
Merit: 1206



View Profile
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.

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
xhomerx10
Legendary
*
Offline Offline

Activity: 1694
Merit: 1206



View Profile
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
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!