Is the current price drop considered a normal phenomenon?

[mainpmf]

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.

Well... It's completely normal on a FREE MARKET but only because the surroundings of this market are uncertain.
Otherwise there is no reason for the price to go up and down in a too wide range (the question would of course be "what is a too wide range" because that's completely subjective but you more or less understood me anyway)

I'd say the main reason for those up and downs is the fight between:
-People afraid of the fork and the potential future of btc. They wanna leave the boat cause they're not sure it'll continue floatting.
-People taken by FOMO seeing the small dumps as opportunities to get back on the boat.

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[CarnagexD]

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 dump of Bitcoin and other Altcoin cryptocurrency is just normal because just like what is happening in the global market, price drop is really expected with this type of cryptocurrencies. This matter is not a real or big thing to worry about right now because it is not just about the price drop because price values plays from time to time it may dump or rise due to the sudden changes in the market so the price drops are just normal.

[BitcoinGirl.Club]

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 dump of Bitcoin and other Altcoin cryptocurrency is just normal because just like what is happening in the global market, price drop is really expected with this type of cryptocurrencies. This matter is not a real or big thing to worry about right now because it is not just about the price drop because price values plays from time to time it may dump or rise due to the sudden changes in the market so the price drops are just normal.

Definitely agree dropping prices are a phenomenon that is very normal in this cryptosphere because it gives new users a chance to be part of it by buying cheaper bitcoins or altcoins and it is also a sign of supply and demand at play and the speculations at play. But what is phenomenon about this is   prices usually rise after the drop if demand is triggered.

[v0rtecxz]

I think that's normal, because for the trading world we know how much it runs every hour, that price change is part of buying and selling activity between investors, and we can use it as a place to buy when prices start falling, Coins with cheap then hold up to all prices Back to stable

[Taskford]

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 dump of Bitcoin and other Altcoin cryptocurrency is just normal because just like what is happening in the global market, price drop is really expected with this type of cryptocurrencies. This matter is not a real or big thing to worry about right now because it is not just about the price drop because price values plays from time to time it may dump or rise due to the sudden changes in the market so the price drops are just normal.

Definitely agree dropping prices are a phenomenon that is very normal in this cryptosphere because it gives new users a chance to be part of it by buying cheaper bitcoins or altcoins and it is also a sign of supply and demand at play and the speculations at play. But what is phenomenon about this is   prices usually rise after the drop if demand is triggered.

Yes and many users take this as an opportunity to invest more in the crypto currency. Better to have an profitable income from your capital. So nothing to worry about, it's all normal just like in real currency. Be worried when the price doesn't fluctuate, there might be something to that.

[xuan87]

It is still normal, but it has been quite long the price keep dropping and the up is only a while and then the rise only a bit, it's quite frustrating moment for traders, and I have been holding ETH for a quite long time but the price is still not too good, it is really hard to make money from trading in this situation where the price keep on dropping

[BitFinnese]

Price fluctution even it is wild is kinda normal phenomenon for bitcoin.  Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin.  That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time.  And they are happy with it since they can exploit this kind of volatility to have profit.

[Scorpion]

There are dips every now and then which is to be expected. It's important to draw a line of the average trend of Bitcoin, the overall trend is upward growth,

[Doms]

That's the way it is with crypto currencies, especially that the market caps aren't that big yet, and prices can be very volatile and subject to speculation. That kind of volatility and speculative nature favors those who are into trading while dips, plummets, and quick surges are being taken advantage of by traders. Also, as far as bitcoin is concerned, the price has risen over 100 just this year, so it is but natural for it to shed some value and correct at a more reasonable level before trying to break new resistances in the future.

[coynedterm]

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.   

Yeah , this is the truth of the market that fall down and rise up is a normal things and we don't need to think much about this .
But if you had invested in those coins or altcoins then it is now a more better chance to buy at low rate , because here we need to change our mentility about this , because drop in the price of the market is not a moment to found loss but it is that time when you can buy at low rate and then again sudden increase in the price will results into profit .
Here dash , eth , btc strstis , dgb etc are those coins which are best option to buy because these are those coins which always get fluctuate more in the market up and down easily .

[Sadlife]

The value of stocks, currencies, metals, etc are not on an endless trip upwards. The same goes for cryptocurrency. It peaks and dips and is volatile and has been from the start. Is this "shocking" or a buying opportunity dont worry everything is perfectly normal bitcoin will eventually recover it's price there are just some sellers that are scaredy cats. God ppl can be such pussies,  eth went down to 200$ and now is back at 320 it's a God damn correction  for Christ  sake,  what did they expect?   Every coin to go up forever?

[vikkyzenna]

Fluctuations are always normal. I look at the figures for the year. In the end they always grow.

[hajimasan]

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.   

Yes , most of the youtuber are true at Thier point because the most of the people are not aware about this so they get much loss in this because of fear and continuously selling with panic to loss the capital but reality was that Thier was small down in the market of investment at the exchange but due to panic that goes down more and more .
Here I am in this field of trading since 2 years and seeing that rise and down in the price of big stable coins likes btc dash eth ripple monero are the common thing and they get recover easily .
And sometimes when the price of btc rise then that results into down the price of the altcoins because to complete the demand of the Bitcoin most of the people sold their Bitcoin to make profit .
So that types of things are common and we don't get panic .
Now you can see what was the reality behind that , Everything is now at his place , and usually you will see such types of the thing once atleast in the month .

[MoneyIsDebt]

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 dump of Bitcoin and other Altcoin cryptocurrency is just normal because just like what is happening in the global market, price drop is really expected with this type of cryptocurrencies. This matter is not a real or big thing to worry about right now because it is not just about the price drop because price values plays from time to time it may dump or rise due to the sudden changes in the market so the price drops are just normal.

it is just normal on daily basis but i don't see any major drop in decrease in price of bitcoin or any other cryptocurrency if you are asking for the investment or waiting for the right time to buy or sell......
many youtubers said this on their experience or those predictions are just assumtions but minor breakdown can happen on daily basis....

[chocolah29]

Fluctuations are always normal. I look at the figures for the year. In the end they always grow.

It's so normal and nothing to bother.
The rate of the cryptocurrency is not so alarming. Bitcoin is still in the range of $2000 and still fighting.  As well as the other altcoins. And everything that have affected by the supply and demand will always fluctuate, not even currency but some stocks and goods are still affected.

[romero121]

None have justified it to be an abnormal growth, growth so what's to think more about it. The growth taking place with bitcoin is quite normal and now a stable growth is happening than the past big pumps. Also the price fluctuations taking place relative to few altcoins made users get confused whether the normal growth is happening or not.

[RodeoX]

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.

Well... It's completely normal on a FREE MARKET but only because the surroundings of this market are uncertain.
Otherwise there is no reason for the price to go up and down in a too wide range (the question would of course be "what is a too wide range" because that's completely subjective but you more or less understood me anyway)

I'd say the main reason for those up and downs is the fight between:
-People afraid of the fork and the potential future of btc. They wanna leave the boat cause they're not sure it'll continue floatting.
-People taken by FOMO seeing the small dumps as opportunities to get back on the boat.

I think we are on the same page here. Your examples of reasons for fluctuation in the price are from speculation. For comparison I buy bitcoin if I'm low. It is all I use online so I need a steady supply. I pay no attention to the price, I buy them when needed at whatever price. I never sell them, I use them to buy then go get some more. So I'm not speculating, I'm a retail consumer in the btc economy. 

[Bitcoin Guy]

I just discovered on Youtube that there are some sites and some tools that help people when to "pump" and when to "dump".  I saw from at least one title of the videos named as"pump and dump with the whale".  I think these tools and sites had a lot to do with the price volatility.  

[South Park]

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 would not call it normal but it is not as rare either, sometimes things like this happens and the only thing you can do is if you are going to stay in the world of cryptocurrencies for the long term is to get used to it and if you can to take advantage of this, since the price can recover very quickly as well and you can earn some money without too much of an effort.

[Pearls Before Swine]

This is nothing.  The drop of bitcoin is one thing, and as for the shit coins, yeah it's totally normal.  Look at the really bad ones that trade on Yobit and you'll see they're a bunch of pump and dump toilet cloggers.  Money comes in, money goes out.  People tend to take their profit when prices rise as high as they have been.  You stick around long enough and you'll see this again.