masterwakokok7
Member
 Offline
Activity: 112
Merit: 10
|
 |
June 29, 2017, 05:09:37 AM |
|
This not only happens to BTC or any other Alts. If you engage yourself into trading and investment, You can see the trend of every players. It's normal if you can see their trend do have ups and downs. This kind of industry is very unpredictable better be ready if this thing going to happen again in the near future.
|
|
|
|
|
|
|
|
|
|
|
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
niisarearning
|
|
June 29, 2017, 06:07:55 AM |
|
Yes its just normal like all other trading platform if huge investors comes then they start to decide price down and up . They create situation where all small holders will sale their holding then then this big investors hold them . Its common in all trading platform . Even crypto is a currency as if now its treated as trading asset . Its all about demand and supply. some naturally happens and some will be created .
|
|
|
|
|
mk4
Legendary
Offline
Activity: 2758
Merit: 3831
Paldo.io 🤖
|
|
June 29, 2017, 07:35:22 AM |
|
It sure definitely is. Price drops and rises, big or small, has been happening since forever in the crypto world. You don't even need to be in the industry for long to see this whatever the altcoin. You can always look at the past charts. coinmarketcap.com
|
|
|
|
|
Novun
|
|
June 29, 2017, 07:40:43 AM |
|
You have to decide if you want to trade or invest with Cryptocurrencies. If you are investing then this volatility should worry you whatsoever. If you want to trade then this volatility is amazing. It's good either way. There is no need to worry.
Bitcoin has already proved that it has solid foundations for long term investment.
|
|
|
|
|
CoinFoxs
Copper Member
Legendary
Offline
Activity: 1722
Merit: 1004
Campaign Management & Translation Service
|
|
June 29, 2017, 08:26:24 AM |
|
Yes they are right fluctuation in the price of bitcoin and altcoin is normal, and no one really knows what will gonna happen with the prices in next hour or even in next second.
|
|
|
|
|
|
Russlenat
|
|
June 29, 2017, 08:59:34 AM |
|
Bitcoin and other cryptocurrencies market value will just go up and down instantly and it is normal just like fiat in real life so it is normal, and traders will strike and play this.
|
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
June 29, 2017, 09:05:04 AM |
|
I don't know what people really expect in a market where the value is determine by supply and demand having fluctuations is perfectly
actually the current market is very stable if you do a comparison with the past, I'm very pleased with it
|
|
|
|
|
|
Juggy777
|
|
June 29, 2017, 09:15:09 AM |
|
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.  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. Its normal I don't see any need to worry, yes there have been videos and articles that say Bitcoin is coming to an end and coincidencely the prices of Bitcoins have and other coins have come partially down, but I don't see any need for panic, rather I see it as a panic opportunity, and that's what smart traders shall do. If you have coins at high price, buy at low price and average them out. Or if you don't feel comfortable hold them for the long run it shall be good. |
|
|
|
|
|
qwertyup23
|
|
June 29, 2017, 09:18:37 AM |
|
I don't know what people really expect in a market where the value is determine by supply and demand having fluctuations is perfectly
actually the current market is very stable if you do a comparison with the past, I'm very pleased with it
Exactly! Since the price of bitcoins are determined by the market supply and demand, the fluctuations of its price is completely normal. I would say that this is the best time and opportunity for people to invest since the prices right now are low and there is always the possibility of it sky-rocketing again. Some people also might hoard bitcoin right now due to the supply increasing and sell it when the demand increases. Just give it some time and the prices will surely go back. |
| R |
▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO
FUTURES | | | | | | | │ | 1,000x
LEVERAGE | │ | COMPETITIVE
FEES | │ | INSTANT
EXECUTION | │ | .
TRADE NOW |
|
|
|
rickbig092
Newbie
Offline
Activity: 36
Merit: 0
|
|
June 29, 2017, 09:29:05 AM |
|
Ethereum drop isn't a normal but a corrective one, considering how much HYIP people spread ETH that led many to invest in it and later walk away with the instability and issues that are even worse than bitcoin.
Bitcoin crash is regular and is of small value that will recover mostly, other crypto's follow bitcoin direction since mostly are priced in bitcoins.
|
|
|
|
|
OROBTC
Legendary
Offline
Activity: 2912
Merit: 1852
|
|
June 29, 2017, 09:40:38 AM |
|
... When you look at blockchain.info's home page, there is a graph showing several months worth of BTC price (scroll down a little): https://blockchain.info/The drop we had from nearly $3000 to nearly $2600 (now, of course bounced off its recent lows) is not that steep compared with BTC price drops in the past (percentage basis). If we go below $2000 - $2100, then it may turn into one of BTC's classic crashes, which if THEY FIX the scaling problem (with Segwit2x is the latest idea I suppose), then BTC at those prices would probably be a BARGAIN. |
|
|
|
|
|
HongKong
|
|
June 29, 2017, 09:49:03 AM |
|
... When you look at blockchain.info's home page, there is a graph showing several months worth of BTC price (scroll down a little): https://blockchain.info/The drop we had from nearly $3000 to nearly $2600 (now, of course bounced off its recent lows) is not that steep compared with BTC price drops in the past (percentage basis). If we go below $2000 - $2100, then it may turn into one of BTC's classic crashes, which if THEY FIX the scaling problem (with Segwit2x is the latest idea I suppose), then BTC at those prices would probably be a BARGAIN. The hype that revolves around Bitcoin is usually what drives the price of Bitcoin up since most people that have Bitcoin don't want to miss out on the price of Bitcoin getting too expensive to purchase. I would state that it's a natural thing since it does happen often compared to a price increase. |
|
|
|
rickbig092
Newbie
Offline
Activity: 36
Merit: 0
|
|
June 29, 2017, 10:07:23 AM |
|
Self-correction of bitcoin price is a normal phenomenon and the drops can be even larger than that, this isn't unique to bitcoin as Forex, Stocks and all investments can have drops like these, Over long term though, IMO bitcoin is a profitable investment.
|
|
|
|
|
|
jorneyflair
|
|
June 29, 2017, 11:14:05 AM |
|
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. Well, it is expected because crypto is volatile. It has obviously overpumped, and thus the reason why an adjustment went under way. When there is a bubble, usually it gets fueled more until it comes all down, which is a usually 20-40% adjustment in price in btc's case. Just like as you hear in the news about housing bubbles coming to and end, and the bubble pops, it's the same thing happened to the cryptocurrency ecosystem. I'm extremely surprised though how well bitcoin and altcoins are holding up, but bitcoin in particular. I would have expected BTC to get dumped to $2000, but it never got near that, and price seems extremely stable. I think the reason for this is that btc recently got legalized in a bunch of big countries, and getting accepted by a bunch of merchants as well. So $2500 to me is a healthy price lvl. |
|
|
|
|
|
DoublerHunter
|
|
June 29, 2017, 12:17:45 PM |
|
As a free market means there is freedom in the market and they are only depending on the demand of the people then yes it is just a normal phenomenon for bitcoin because there is a lot of people in the market like newbie or new users and the pro/veteran or the old users of bitcoin so if there is a down or dumping moment for bitcoin it makes a hype or fears for the new users to just sell their bitcoin to be safe and that makes the price goes down but to those old users they see this is as a normal phenomenon and they just think that this kind of scenario is just an opportunity for the people to get more bitcoin and not to sell it.
|
|
|
|
|
cellard
Legendary
Offline
Activity: 1372
Merit: 1252
|
|
June 29, 2017, 02:36:40 PM |
|
Just the usual double top and now we are going down again... yesterday this is how the coinmarketcap website looked like:  It's pretty obvious, we had a pump after the big dump, and now we are dipping again. Don't stress... I think uncertainty will keep making the price dippish until it's solved somewhere around august and november... until then it's a bumpy terrains of ups and downs. |
|
|
|
|
|
tonlong
|
|
June 29, 2017, 02:42:53 PM |
|
As a free market means there is freedom in the market and they are only depending on the demand of the people then yes it is just a normal phenomenon for bitcoin because there is a lot of people in the market like newbie or new users and the pro/veteran or the old users of bitcoin so if there is a down or dumping moment for bitcoin it makes a hype or fears for the new users to just sell their bitcoin to be safe and that makes the price goes down but to those old users they see this is as a normal phenomenon and they just think that this kind of scenario is just an opportunity for the people to get more bitcoin and not to sell it.
I had hopes transaction capacity increases would lead to more new users and a better coin distribution in the long term. |
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
June 29, 2017, 02:55:34 PM |
|
It is so normal that we are buying on the dip and selling on the high these days. We are quite used to Bitcoin's volatile price and if you have gone through enough of these spike and dips, you will know why we are not being phased by this anymore. You have to remember, not a lot of people own a lot of bitcoins, so the smallest dump from one of the whales will have a significant impact on the price.  |
|
|
|
RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
|
|
June 29, 2017, 03:05:13 PM |
|
I would say it is completely normal for a FREE MARKET. Such markets are rare. The NYSE, for example has many many controls and levers that can be used to control the market and minimize swings. Nothing like that exists in bitcoin. The price fluctuations you see were present in stock markets of the 19th. century, but they are not allowed anymore and the markets will just be shut down if it crashes hard.
As long as we have a bitcoin economy based on speculation then this will be what it looks like. If we move to an exchange economy based on retail then we should assume more stability.
|
|
|
|
|
BossMacko
|
|
June 29, 2017, 03:09:15 PM |
|
Yes, It is indeed normal if you will check Bitcoin performance chart in the past years you will be able to see that price drop in some point and then after weeks or months price will go up exceeding the last maximum price. If you are not a new user of Bitcoin then you will not panic in that kind of event.
|
|
|
|
|
|
