Is the current price drop considered a normal phenomenon?

[Bitcoin Guy]

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment.  Many Youtubers said that this is normal in the cryptos space, are they correct?  I am not in this market long enough to understand this.   

[qiwoman2]

No one really knows, Bitcoin and altcoins have crashed before and they have rebounded, but big speculators entered the markets in the last few months and they are all cashing out now and moving to investments like real estate, gold and fiat again, so we have no clue what happens next.

[krishnapramod]

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment.  Many Youtubers said that this is normal in the cryptos space, are they correct?  I am not in this market long enough to understand this.  

Price fluctuations are common in cryptosphere. If you look at the stats, the current bitcoin price is around what it was 30 days ago which is a normal phenomenon. If you look at it as the price has just dropped to what it was 30 days ago, you would not panic. If you are always expecting an upward trend then you are in for a surprise. You will get used to it sooner or later.

[BitcoinBarrel]

I think so, tons of investors flooded into cryptos over the last few months spiking the price at all time highs. It's only natural that prices would settle down after awhile.

[garet]

I agree with the others. This is fairly normal. However, it is a larger and more sustained dip than what was seen a couple of weeks ago.

[moneyalchemist]

Looks perfectly healthy to me. I would be worried if we were at $3.5-4k now.

[peter0425]

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment.  Many Youtubers said that this is normal in the cryptos space, are they correct?  I am not in this market long enough to understand this.   

I think this is normal to crypto world. Last month bitcoin crash twice as well but it was like 3 days only. We don't know how long this crash will last though maybe the same, maybe not. But once thing for certain is that bitcoin can quickly recovered from this crash and will push the price to new levels.

[Vaskiy]

Out of curiosity each and every user is making a hard research, just because the price of bitcoin decreasing along with the altcoins. In my view there is nothing to complicate, just it's a matter of time, same price fluctuations has happened in the past. But now only people have come across true price drop, because this happened when everyone were speculating much about reaching ATH.

[pitiflin]

I don't know whether this is a natural phenomenon or not,but there are rumors that a co-founder of Ethereum is dead because of which this current crash in bitcoin and altcoins has occurred ,but it is only a rumor yet so ,don't know what the real cause is.

[OROBTC]

I think so, tons of investors flooded into cryptos over the last few months spiking the price at all time highs. It's only natural that prices would settle down after awhile.

Yes, while always painful to see prices drop as a HODLER of Bitcoin, I think this is completely normal.  I have been through three of BTC's majestic price cycles, it goes way up, then comes way down.

It isn't quite predictable, but almost seems to be...  In general, if you wait until the decline "seems to be mostly over", then BUY & HODL, you will do very well.

Even if you buy "high", and just hold it long enough (can be a long time, say two years so be prepared if you buy at peak prices), you will do OK.

[Barbut]

Yes it`s normal, bitcoin had many ups and downs on its way to where it is now, and I don`t think that this price movement will ever stop. Everyone say that fluctuations are normal, then its normal to go up or down, if its just going in one way then its not fluctuation and people would not earn money with trading.
Bottom line is `what doesn`t kill a coin makes that coin stronger`, bitcoin survived many things, and now its stronger then ever before. I think that some other coins can follow bitcoin. if developers improve their coins to be better and fight for them, promote them even when times are hard then this coins are worth for us to pay attention on them.

[Xavofat]

In all stocks and investments, you have "bull markets" and "bear markets".  A bull market is when the price has generally been rising for a while (with slight peaks and troughs within that, of course).  A bear market is the opposite.

Currently, cryptocurrencies are believed to be in a bull market, and have been since late 2015.  Typically, bull markets last longer than bear markets and bear markets are a much sharper dip.
The important thing is that if a bear market begins, you don't panic no matter what happens.  That's when smart money starts to accumulate from all those people that are terrified of losing their investment.

Consider this normal and hope for the best.

[gentlemand]

Yup.

If you can't take it then park yourself at the sidelines. The price always goes in cycles of hype and despair.

You didn't think it was going to continue going up for all eternity did you?

[olubams]

In all stocks and investments, you have "bull markets" and "bear markets".  A bull market is when the price has generally been rising for a while (with slight peaks and troughs within that, of course).  A bear market is the opposite.

Currently, cryptocurrencies are believed to be in a bull market, and have been since late 2015.  Typically, bull markets last longer than bear markets and bear markets are a much sharper dip.
The important thing is that if a bear market begins, you don't panic no matter what happens.  That's when smart money starts to accumulate from all those people that are terrified of losing their investment.

Consider this normal and hope for the best.

I will have to agree with your position because even though I have been involved for a while, at this point I am a little bit curious as to why things are turning out this way without any justification to the effects considering the news of Google partnering with blockchain.info and the news coming from India about the propose legalization which is something that should even increase the price further but witnessing the opposite is just a matter of concern.

[ss890]

I consider it very normal after reading few blogs about bitcoin past to future. I think the crypto currencies and majorly bitcoin have seen worst drops like this but they have always made there way through it. As seen today the bitcoin is many times higher than the previous drops and it will gain more value real soon.

[darthmaul]

this phenomenon isn to a big deal. Such dumps and pumps are common with periodic cycle. This is sure because it will happen almost 4-6 times in a complete year . I have seen dumps upto $300, $700 and $1200 when the price use to be lesser than what it is today. Bitcoin however gets the hike as son as it drops on lower side, because mostly people will start investing heavily in this situation to earn bigger profits when bitcoin sets its path upwards again.Almost 90% of bitcoin lovers knows this formula very well and hence bitcoin indirectly gets a leap in such dumping situations. Having this mentioned, you should also not worry about its current situation as it is temporary and will revert to higher side once more. So start buying it if you have confidence.

[eternalgloom]

Yeah it's normal, just look at any historical chart over a period of at least 3-4 years and you'll find similar patterns.
I'm surprised it hasn't happened sooner, the price really needed a correction.

Be on the lookout to buy in the next couple of days or weeks

[worldmobilecoin]

Looks perfectly healthy to me. I would be worried if we were at $3.5-4k now.

I agree with you. Last month if the price went above 3.5K, there must be 'something'. As expected the price to depreciate but no idea how far it will go.

[grermezter]

I believe a positive news in the world of cryptocurrency will see a rise in price of bitcoins once again, even the price of Gold has been affected so i think its a general thing and not only focused to the cryptocurrency market alone.

[jc89]

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment.  Many Youtubers said that this is normal in the cryptos space, are they correct?  I am not in this market long enough to understand this.   

The decline on the price of Bitcoin is always normal. Bitcoin is very volatile and seeing it goes up or down is very normal. Other factors may also contribute to this decline such as the August 1, 2017 calendar mark that maybe brought fears to some new Bitcoin users. No matter the reason about these current declines, nothing is to worry about and treat every price changes as normal.