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BitHodler
Legendary
 Offline
Activity: 1526
Merit: 1179
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April 04, 2018, 07:54:53 PM |
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It was to be expected. I am fairly sure that the current market will not change any time soon, especially not when you take into consideration that there isn't anything to go up for without any new developments.
In a market being speculation driven, these developments are decently important to break through current phase. People are used to anything above the $10,000 mark, where current levels feel like a massive throwback in time.
If the market would have reached the $7000 mark for the first ever time today, everyone here would be happy and see it as a major milestone, while right now people feel lost and depressed. Ironic isn't it?
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BSV is not the real Bcash. Bcash is the real Bcash.
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dunfida
Legendary
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Activity: 3080
Merit: 1131
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April 04, 2018, 08:12:07 PM |
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Not to be surprised of since anything could happen into this very unpredictable and volatile market. Price can decrease or increase anytime without our knowledge or awareness.Reasons? Simply investors taking out money for the sake of profits which isnt really surprising or new because it do really works on that way.If you are just new into this market then these kind of questions is mainly being asked but if you are here for quiet sometime you wont really be surprised on how prices moves. |
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Hazir
Legendary
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Activity: 1596
Merit: 1005
★Nitrogensports.eu★
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April 04, 2018, 08:15:51 PM |
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We are drowning in negative market sentiment right now. Everything is caused by the amount of not-so-pleasant news like the ban of crypto-related ads by facebook, twitter and google.
Troubles with adoption - which seems to be halted or even regressing at some places. More countries are trying to fight bitcoin - Venezuela and Afganistan and so on...
Given the situation, it's no wonder that we have not exactly the bearish market right now.
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imapessimist
Jr. Member
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Activity: 266
Merit: 1
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April 04, 2018, 09:07:49 PM |
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I don't think it's anything to do with FUD. The price won't rise because people think it's far too much of a risk to buy and then not to sell when the price goes up because it will probably go down again shortly. People are making money every day by day trading. So every time somebody puts money in and the price goes up the day traders will take it.
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Yatsan
Legendary
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Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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April 04, 2018, 09:54:46 PM |
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I knew it. The increase really is literally short-term. Probably the reason has to do with the demand since there's no issues being reported which usually causes the market to fluctuate. But that's just normal and there's really nothing to be worried of. The market dips are temporary and sooner or later recovery will happen. Patience is the key in order to earn huge profit. |
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hosseinimr93
Legendary
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Activity: 2394
Merit: 5235
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April 04, 2018, 11:05:47 PM |
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I don't think it's anything to do with FUD. The price won't rise because people think it's far too much of a risk to buy and then not to sell when the price goes up because it will probably go down again shortly. People are making money every day by day trading. So every time somebody puts money in and the price goes up the day traders will take it.
No. you are not right. Look at volume of daily trades at coinmarketcap. The volume has dropped significantly since the late last year. If you were right the trade volume would be higher. |
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Biscutard
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April 04, 2018, 11:54:01 PM |
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Aren't you new here i suppose but this fluctuation is likely to be more normal rather than a massive fallout and that means that someone/something was trying to manipulate the price. It is normal for the price to go up and down due to the people trading each other and that's how market works. |
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magneto
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April 05, 2018, 12:20:38 AM |
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We've not really been that volatile recently. From my point of view, we been hanging around $6-8k for around a month now with bottom currently being at $6.5k. The price rallied up as the bottom was established, but it was a bull trap as I expected. But why the prices have been falling eer since January this year is quite simply because of the huge rallies from last year ending, hype around bitcoin drying up, and regulations tightening which is causing a panic. This is what happens during a bear market, and it's honestly all quite normal. Now that it's below $7000 watch the support at $6.5k, if that is broken then there is a possibility that we may be going below $6k in the short term. Also watch for buying opportunities when price dips. |
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fabiorem
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April 05, 2018, 12:30:18 AM |
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This is called a "bull trap". You think the price is finally going up, but then it bounces back.
It happened several times this year and it is a indication that we are in a bear market.
The problem is to identify the trap and distinguish it from a real FOMO rocket. One way to identify it is the double bottom, when a resistance is tested in the way down and spikes up two times. However, the double bottom was denied, as the price didnt reach the 8k mark.
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DPoS2
Member
Offline
Activity: 189
Merit: 11
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April 05, 2018, 03:39:41 AM |
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All wealth evaporating as credit dries up... all assets sink around the world
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Learn the *Truth* about Big Company Mining Pools!!! Stop Giving Your Money Away!!! |
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TravelMug
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April 05, 2018, 03:50:09 AM |
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I speculate that its either someone big is manipulating the market to increase the price at a certain level and then dump huge amount of coins or investors are really sensitive today that a simple FUD will make them sway and sell their coins because they are afraid that something worst might happen. So we need to wait again and hope the market price recovers and daily traders stop their activity of selling bitcoin just to get a margin of profit in short amount of time. |
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dewi91
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April 05, 2018, 04:07:40 AM |
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Actually I don't know what's happening now. Yesterday we feel happy because the price are beginning to increase but in a few hours the price decrease more than 5%, so confused. how much longer we should wait for the market to recover.
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aeternus
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April 05, 2018, 04:23:30 AM |
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There is not a reason, you need to understand that mostly the price of bitcoin moves because of speculation in the price, so the price is just moving the way does because right now most people are speculating that the price is going to go down, more people are selling because of this and this pushes the price to even lower levels, we need a reason for the price to go up and right now there is none. |
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btcmegastar
Member
Offline
Activity: 700
Merit: 12
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April 05, 2018, 04:54:34 AM |
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I don't think it's anything to do with FUD. The price won't rise because people think it's far too much of a risk to buy and then not to sell when the price goes up because it will probably go down again shortly. People are making money every day by day trading. So every time somebody puts money in and the price goes up the day traders will take it.
No. you are not right. Look at volume of daily trades at coinmarketcap. The volume has dropped significantly since the late last year. If you were right the trade volume would be higher. Yes, total volume is very less compared to last year so it might take more time to regain its value. Bitcoin price will increase only when the volume is increasing and right now there is no negative news about the market. |
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batang_bitcoin
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April 05, 2018, 05:30:01 AM |
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Why did the price fluctuate so much lately?
Last time bitcoin started to be stable at $6,800 and after pumping to $7,400 it's normal that there will be whales to cash out. And we are near again to weekend, I don't know if there's a curse every weekend that base on what I have read from a strangers observation which I also started to believe. During weekends the price goes down. |
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arpon11
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April 05, 2018, 06:46:57 AM |
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The reality is that people are still dumping and we should expect more bearish market till the middle of this month. I read somewhere that mtgox are dumping over 10,000btc this week and I think this might be the major reason why we are seeing this current price dumping. Hope things recover speedingly as we move close to the middle of the year. |
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followmenot
Sr. Member
Offline
Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
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April 05, 2018, 06:53:47 AM |
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I don't think these latest dumps are happening because of mt. gox or any other third party. Its clear explanation: People lost trust to "get rich quick" scheme of bitcoin imposed by media. They lost patience and left.
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Ridwan Fauzi
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April 05, 2018, 07:11:30 AM |
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And what's your problem? If you have invested in bitcoin and for long term like 1 or 2 years you should hodl it and keep calm. Let price up, it will happen but will take a long time.
Someone told to me he know cryptocurrency since 2009 and this trend will continue until june. We can see in the month of june hopefuly the price will have trend up again. Yeah we will se that.
I thinks this time it's not about panic selling or whatever they sell, but I think some trader who have target and he have signal for know the price be affected the price went up and down.
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A1exander
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April 05, 2018, 07:31:39 AM |
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Actually I don't know what's happening now. Yesterday we feel happy because the price are beginning to increase but in a few hours the price decrease more than 5%, so confused. how much longer we should wait for the market to recover.
It's almost certainly market manipulation. Someone (the whales, as they are usually called here) continuously suppresses the rise by quickly dumping large amounts of coins. |
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