Bitcoin's most volatile day EVER! Over $2k in the last 24 hours

[the_poet]

Bitcoin has been on a bull run lately and has had many volatile days, but today has been CRAZY!

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[Wolf Rainer]

[ahmadakbari]

What is important in such calculations, is not the difference between highest and lowest prices. What is important is the percentage change which is about 23%. I don't think it is the highest change we have ever experienced.

[dead_m92]

Yeah this was incredible, and i bought 0.20 bitcoins when the price was still at $9000, i made more than $2500 when it touched $11500 during today's morning.

It is incredible, but it did not last a lot of time, since it is now below $10,200 each bitcoin, but i am not worried about it , we all know the real potential that bitcoin has, and it can rise again at any time.

Maybe this is another good opportunity to buy a few bitcoins before it pumps again to $15,000, maybe i am right and you can still make a lot of profit from this, lmao.

[cellard]

I applied some simple technical analysis to the situation and I was able to make a successful trade. I was just waiting for the dip of near $9000. Since it's impossible to nail a dip exactly, I just used fibonacci retracements and the higher risk the lower you would wait near the $9000 line to buy back in. I ended up buying at $9500, $9230 being the lowest point. Considering we have gone above $10000 again it was a good move, now let's just hope it stays there for a couple of hours to make a further attempt to $11000.

Overall bull trend has not been broken so remember that. We are not on a bear market just because you see some long red candles, trend lines must be broken for that, and they weren't even touched, so we are on a good track to a new ATH in the coming days. Of course, it could be a bear flag formation and we could crash a bit more but who knows, you can't predict the future, only try to guess and you must risk to get some.

[allthebitandbobs]

been one crazy day

[pooya87]

it has been about 17%  drop, i don't know if i would call this the "most volatile day ever" because it drops under the category of smaller drops when we had 30% drops in the category of bigger ones and a little less than 50% drop as the all time high of drops ever!

this however seems like a manipulation to me. the market is still small and filled with so many weak hands who jump at selling their coins with the smallest of drops. but at the same time it is too small and filled with so many others who will jump at buying with the smallest of drops and price recovers like what we saw.

[Indrawan77]

Of course it will volatile because the rising if bitcoin is already too fast, so there will be people doing dump in a large portion, and this situations will keep on happening because once the price fall down a little there will be people buy again, and this is really the most favourite time for the traders, I believe traders will get a lot of profit in this situation

[legend2017]

Bitcoin has been on a bull run lately and has had many volatile days, but today has been CRAZY!

The higher the price, the greater the decline. So far it has fallen by 2k and this is most likely just a correction, so if it fell to 5-7k then yes it is a serious decline. In the meantime, do not worry about the end of the year promises a price of 10k.

[Wilhelm]

I think this thread would be legit if you expressed volatility in percentage .... but I am 99.9999% sure that there have been more volatile days.

This statement is easy because the price is TOO DAMN HIGH!!!! (insert meme here)

[chickenado]

Bitcoin has been on a bull run lately and has had many volatile days, but today has been CRAZY!

Right its votality has made everyones mixed emotions,others did panic selling which made its price to drop, while others treat it as normal for a digital currency to crashed after its rising moment.As of this time bitcoin has started to back on its axis again,anything would happen in this crypto business but i can see bitcoins great potential to recover in every dip that would happen.Some investors monitor the price movement of bitcoin waiting for the dip because probably they will invest in it..and i think that its bitcoins nature of business.

[omonuyak]

The reality is that crossing  $10,000 is very significant and many trading bot has placed buying at above that level and that is why bitcoin has that great uplift. Fluctuations is what we the traders want because without it no opportunities to buy low and sell high.

[Wind_FURY]

Bitcoin has been on a bull run lately and has had many volatile days, but today has been CRAZY!

There was a time when I thought the volatility would become smaller in ratio to the price when Bitcoin reaches $10,000. 100 dollar moves will only be 1% based on its price.

But clearly I was wrong. Volatilty in percentage stayed the same turning 100 dollar moves to +500 dollar moves. I do not believe we will ever see the day of a "stable" Bitcoin. Bad outcome.

[Laland]

Bitcoin has been on a bull run lately and has had many volatile days, but today has been CRAZY!

There was a time when I thought the volatility would become smaller in ratio to the price when Bitcoin reaches $10,000. 100 dollar moves will only be 1% based on its price.

But clearly I was wrong. Volatilty in percentage stayed the same turning 100 dollar moves to +500 dollar moves. I do not believe we will ever see the day of a "stable" Bitcoin. Bad outcome.

Their are a lot of things that would also happen in just a 10 minutes. but this just one of fastest price increase in bitcoin. Their are lot of trades now happening in exchange sites and i think there many clogs in the blockchain system.

[NUFCrichard]

So when it falls by 17% it is incredibly volatile and something needs to be done.

What about the 2 days prior when the price went up $3000?  Even in the depth of the flash crash, the price was up for the week!  I understand that some people will have averages of above $10k now (crazy) but a short term crash that recovers quickly isn't a new thing it bitcoin. The actual size of the crash was probably the biggest ever, but the percentage was fairly normal.

[hateplesent]

today few correction happen and price back to 10,000$ range  . this is really say Bitcoin start 2017 with 1,000$ and will end it more than 10,000$.

many old users will be happy with this numbers

[DaMut]

today we're witnessing a history plus at the same time the fear.
i have been following this movement everyday and everytime i made a call i always believe it,
because i understand a little bit about this movement and what is going on.
right now everything is messed up,i am very very happy to see it at this price and i am completely sure everybody happy with it also.
but right now everything is very unpredictable because we're really do not know what will happen,
i believe there will be a correction that will happen in upcoming days,
but if we're looking at the dump that happened a few hours ago we can tell that the price is tanking.
which mean the demand keep increasing,
do not that mean the price will take another movement again in the future ? or what ?

[hatshepsut93]

it has been about 17%  drop, i don't know if i would call this the "most volatile day ever" because it drops under the category of smaller drops when we had 30% drops in the category of bigger ones and a little less than 50% drop as the all time high of drops ever!

this however seems like a manipulation to me. the market is still small and filled with so many weak hands who jump at selling their coins with the smallest of drops. but at the same time it is too small and filled with so many others who will jump at buying with the smallest of drops and price recovers like what we saw.

For some reason OP decided to measure volatility in absolute values of price change, which is obviously wrong because it doesn't give any perspective. Because different assets have different price levels, saying something like $2k change might mean anything - it can be 1% change or 50% change or 400% change. We are used to discuss the price of Bitcoin in absolute values because we all check the price many times per day so we can quickly figure out how much is that in percentages.

So when it falls by 17% it is incredibly volatile and something needs to be done.

What about the 2 days prior when the price went up $3000?  Even in the depth of the flash crash, the price was up for the week!  I understand that some people will have averages of above $10k now (crazy) but a short term crash that recovers quickly isn't a new thing it bitcoin. The actual size of the crash was probably the biggest ever, but the percentage was fairly normal.

People very quickly forget about gains and almost no one remembers the days of biggest price spikes - this is because negative feelings are usually stronger than the positive ones. So it's important to stay calm and not panic during the dip and always look for the bigger picture.

[adam1230]

In 2 days bitcoin get more valotile then ever. Its probably cause of bitcoin futures trades are going to be enabled in nasdaq and more stocks.
We will face a deep correction below 7000 usd and then continue on its way.

[1Referee]

i bought 0.20 bitcoins when the price was still at $9000, i made more than $2500 when it touched $11500 during today's morning.

You have not made $2500. 0.2BTC bought at $9000 that you (lets assume that for now) sold at the peak of $11,500, means that you made $500 in raw profits.

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Other than that, this isn't the most volatile day ever if we purely look at the percentages. Back in the days a 25% up or down movement was just a few hundred bucks at most in fiat value, where it now (due to the higher price) is thousands of bucks in fiat value. At some point when we reach $100,000 these fluctuations will look even more severe, but in reality it's not that much different from how things were back in the days. I enjoy staring at the live charts all day, and at the same time keep an eye on this forum and social media seeing how people go nuts. It's 100 times more entertaining than watching TV.