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Author Topic: Why is Bitcoin's daily price fluctuations getting smaller and smaller?  (Read 1897 times)
ronics
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April 09, 2018, 03:28:49 AM
#21

Who owns bitcoin that's have not invested in so far .yes we can say that I am and the people who are in bitcoin just invested only .the price will go up along with a quick process of it.how are the people whoever bitcoin all bitcoin users as a trading too .so when its in the right time the price is sometimes up a bit percent and sometimes down along with a bit percent .the price will not be there are must moves every time and the price right now sometime moves sideways but I do jot know if we can consider it with less volatite the spread in price is consolidated then and speculators and me included are hoping a rise after that is consolidation.
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April 09, 2018, 03:31:48 AM
#22

Sounds like what chart technical analysis calls a wedge pattern.

Quote
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down. Whereas triangles are formed by the price moving sideways, wedges can make significant progress either up or down.

More here:
https://www.investopedia.com/university/charts/charts7.asp#ixzz5C8tXj782
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April 09, 2018, 03:44:49 AM
#23

yes, it happens because of the lack of power possessed by bitcoin and I often say in this forum that the rise in bitcoin prices for now will be highly dependent on our own especially those who continue to hold bitcoin to date. but all the hopes of realizing a bitcoin price increase should be made by everyone who uses bitcoin to keep making purchases and stay afloat for long periods of time because the thing he wants is to realize a bitcoin price rise will never happen if every bitcoin user does not have the courage to keep bitcoin under any circumstances.

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April 09, 2018, 03:51:20 AM
#24

Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?
Considering the fact that many traders of bitcoin trapped on its price during the peak season. The downturn of bitcoin seems a crucial for those people who had bitcoins. The possibility also that FUD news and current ban of the countries help the bitcoin's fluctuation to become stagnant. The result of these two have a greater effect for the bitcoin's price.
1. No one would not sell bitcoin during bear market, unless they are fool nor an urgent needs.
2. There is a limited buyers for bitcoin right now due to the regulations and FUD news.
can you explain the intent of
many bitcoin traders are stuck at a price during peak season and Decreased bitcoin seems very important for people who have bitcoin. I do not understand and whether this will affect or have an effect on daily price fluctuations Bitcoin is getting smaller and smaller.
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April 09, 2018, 04:03:53 AM
#25

yes, it happens because of the lack of power possessed by bitcoin and I often say in this forum that the rise in bitcoin prices for now will be highly dependent on our own especially those who continue to hold bitcoin to date. but all the hopes of realizing a bitcoin price increase should be made by everyone who uses bitcoin to keep making purchases and stay afloat for long periods of time because the thing he wants is to realize a bitcoin price rise will never happen if every bitcoin user does not have the courage to keep bitcoin under any circumstances.
indeed bitcoin market movement depends on intensity of the transaction, but technically maybe btc is in consolidation area, and usually after this there will be a significant movement, hence for ordinary trader to be careful in this position and wait for further movement

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April 09, 2018, 04:18:53 AM
#26

Definately, its because of users and investors who transact bitcoin per minute as the movement of digital market are concerned. It reflects the movement through decreasing or increasing. This time having market are decrease it makes smaller and smaller once the users are always selling.

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April 09, 2018, 06:38:34 AM
#27

Whales might've moved their investment on other alts and stray away from bitcoin after the price went south. That's just my opinion there could be other factors behind it (you can see some of them by reading the replies of users above me no need to mention it again).

2. A large amount of Bitcoin hoarders are not paying with bitcoins when the price is lower. They get less value for their money, when the price is low. So when there are not a lot of transactions on the exchanges, the price will be more stable.
Hoarders, or more properly hodlers, don't impact the price volatility at all...because the don't transact.
Low price = less transactions & trading = less volatility.  Wink
I've corrected this for you. Fewer transactions = less volatility and therefore a narrow price range over a period of time.
I don't believe in a negative correlation between the number of transactions and volatility. Normally, it should be the other way around: when there are many transactions, then price should be more stable, because this means "thicker" order books and so the volume needed to change the price is bigger.
I agree with this. Who knows some traders would just let their balance sit on the exchange rather than move it around frequently that's why there's not much transaction this past couple of months.

Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?
Considering the fact that many traders of bitcoin trapped on its price during the peak season. The downturn of bitcoin seems a crucial for those people who had bitcoins. The possibility also that FUD news and current ban of the countries help the bitcoin's fluctuation to become stagnant. The result of these two have a greater effect for the bitcoin's price.
1. No one would not sell bitcoin during bear market, unless they are fool nor an urgent needs.
2. There is a limited buyers for bitcoin right now due to the regulations and FUD news.
can you explain the intent of
many bitcoin traders are stuck at a price during peak season and Decreased bitcoin seems very important for people who have bitcoin. I do not understand and whether this will affect or have an effect on daily price fluctuations Bitcoin is getting smaller and smaller.
There's no effect to it since those traders who got stuck are either holding (long term) or already dumped their bitcoins as what d5000 said investors who are holding has little to no contribution to the price of bitcoin.

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April 09, 2018, 06:40:37 AM
#28

i think it is the same , but maybe because the price is going down your are convinced that the volatility is low
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April 09, 2018, 07:18:44 AM
#29

There are two possible reasons for this :

Let's discuss these.


1. A certain percentage of Bitcoin investors consist of speculators. They are causing most of the volatility in the market, so when there is a dip in the price, these speculators sell quickly to protect their profits. Once they exit the price becomes less volatile.

It's not the percentage of Bitcoin investors that consist of speculators that matter, it's what their transaction activity is that matters. What you're talking about doesn't explain the volatility in the price.


2. A large amount of Bitcoin hoarders are not paying with bitcoins when the price is lower. They get less value for their money, when the price is low. So when there are not a lot of transactions on the exchanges, the price will be more stable.

Hoarders, or more properly hodlers, don't impact the price volatility at all...because the don't transact.


Low price = less transactions & trading = less volatility.  Wink

I've corrected this for you. Fewer transactions = less volatility and therefore a narrow price range over a period of time.

A stronger reason for low price volatility is the lack of news or developments, good or bad during the recent weeks/months. There hasn't been much news about Bitcoin. This is probably a good thing. The main stream media can realize that this isn't a fad and potential new investors are getting more and more intrigued by Bitcoin, used to the idea, by the days that go by with low volatility.


How can you say, Hoarders does not impact volatility? If these hoarders continue hoarding their coins and not making transactions, the price will be less volatile. This should be quite obvious.  Roll Eyes

When there is a bigger shift from people using and trading, to people hoarding, the price will most definitely become less volatile. All exchanges need "activity" to determine the price and also for the price to fluctuate. <This is what is drawing investors, because they make money on the fluctuations>

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April 10, 2018, 06:03:00 AM
#30

Definately, its because of users and investors who transact bitcoin per minute as the movement of digital market are concerned. It reflects the movement through decreasing or increasing. This time having market are decrease it makes smaller and smaller once the users are always selling.

I think that is truly affected because there are so many people here are really panicking and they sell their btc quickly because of the fear they felt that they going to be losses if they still holding on it. They won't even think that they may be one of the cause why btc are continuous falling down. Actually, the percentage of people that are doing panic selling is very much higher than to the people that has the interest of investing bitcoin at the same time. My thoughts for this is when we much demand and still holding are btc therefore it could be the big help for the totally recovering it to the market. Bitcoin are really help us in many ways so i think this is the right time that we can able to help this system by keep holding and and still supporting it.


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April 10, 2018, 06:48:56 AM
#31

How can you say, Hoarders does not impact volatility? If these hoarders continue hoarding their coins and not making transactions, the price will be less volatile. This should be quite obvious.  Roll Eyes

When there is a bigger shift from people using and trading, to people hoarding, the price will most definitely become less volatile. All exchanges need "activity" to determine the price and also for the price to fluctuate. <This is what is drawing investors, because they make money on the fluctuations>
Again, I doubt that.

Let's have an example: If 98% of all coins were hoarded in a specific week, the 2% left will become "the market". In this market, the rules of supply and demand determine the price.

Let's say now that demand increases (for example, because of good news), but 98% of the supply keep being hoarded. This will let to a price increase and thus to higher volatility. If, instead, some of the 98% sold their coins to satisfy the growing demand, the price would increase less and price would be more stable!

It's not always this way - there are also situations where hoarding stabilizes the price, mostly in bear markets. But there is no general rule.

The mechanism I outlined earlier - that more transactions of certain types, like buys/sells of goods and services can stabilize the price - is different. It works with psychology, not so much with math - if people, for example, know that a specific good (for example, a video game) was trading at 0.0001 bitcoin at different places, they will tend to think that other places will offer the same price, and so a "sense of value" will develop.

This effect, however, will only occur if Bitcoin is used much more frequently for trade of goods and services than today (possibly when LN, sidechains etc. are ready for mass usage).

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April 10, 2018, 07:01:34 AM
#32

In every markets range trends is a sign that the bearish or bullish trends is about to come to an end. I think bitcoin will soon revise and traders will soon push upward movement. Bitcoin has done very well at the end of last year and we should expect this to happen this year. The first quarter of 2017 was in bearish moments and the same happen this year.

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April 10, 2018, 07:23:15 AM
#33

If you just have time to compare the price of Bitcoin as of this moment from the price of it last year then you will realize that it's still going good, all things are happening for a reason and you can even say that's because of those whales who manipulates the price or dumping their holdings but at the end of the day it will be all assumptions. I tried to look the latest 24 hr number of Bitcoin transaction and it was 179k, there are still many transaction so we can assume that more people tend to sell their Bitcoins to a much lower price than buying to a much higher.

I can only say that it's because of supply and demand, no more and no less. Just wait for the Lightning Network to takes place  Grin
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April 10, 2018, 07:29:30 AM
#34

Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?

I think the spreading a negative news that bitcoin will going to it's end maybe affected to much for the demand and investment to btc. Because I believe that the demand of it may lead the way for it's increasing and giving better performance in the market. I think a lot of investors are deeply thinking if they going to invest into bitcoin because it's really in downfall situation and the worst thing there is maybe they decided to not investing to it so probably it is the big loss of demand in btc. Much higher demand is the more chances of having btc full recovery.  


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April 10, 2018, 07:34:57 AM
#35

One way to answer this one is of course analyzing it via charts. And Technical Analysis say so that Bitcoin on its weekly chart (sorry if I don't have time to post the chart) is on a descending wedge pattern, and on its wedge Bitcoin's price movement is becoming less and less volatile because it is following the pattern, meaning it will only be a matter of time before it shows any break out or break down. But a descending wedge pattern is generally a bullish pattern when all other indicators such as MACD and volume shows the upside of it. BTC could break out any time out of this wedge but by doing so it would mean a weaker reversal in the future.

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d1ceplayer
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April 10, 2018, 07:35:38 AM
#36

What less volatility are you talking about? Because I just saw Bitcoin last 2 days ago jump from 6,600$ to 7,000$ and I cannot consider a 400$ as a less volatile move. But if you mean Bitcoin's price going on the same prices every other day then that might mean that Bulls and Bears are still fighting to take control on where the proce of Bitcoin will go. But overall the market is still bearish as we are in the lower end of the down trend.

In terms of percentage it is almost same but when you talk about in dollars now it looks small because when BTC price is around 10K then 10% means it 1K fluctuation but when BTC is at 6K range then it will be around 600$. The number may look small but in terms of percentage, the fluctuation is almost same.

I do agree that when the price reaches to bottom then price movement may reduce because a lot of people may do not want to sell at lower price.
The market value of bitcoin in terms of dollar is decreasing with every passing day and that most of the investors are very much worried because of this and that they have planned to sell their bitcoins too. There is a lot of chaos all over the world and that investors are very much worried because of this much huge downfall in the market value but still all of them are hoping for the market to get better.

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el kaka22
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April 10, 2018, 12:45:30 PM
#37

yes, it happens because of the lack of power possessed by bitcoin and I often say in this forum that the rise in bitcoin prices for now will be highly dependent on our own especially those who continue to hold bitcoin to date. but all the hopes of realizing a bitcoin price increase should be made by everyone who uses bitcoin to keep making purchases and stay afloat for long periods of time because the thing he wants is to realize a bitcoin price rise will never happen if every bitcoin user does not have the courage to keep bitcoin under any circumstances.
indeed bitcoin market movement depends on intensity of the transaction, but technically maybe btc is in consolidation area, and usually after this there will be a significant movement, hence for ordinary trader to be careful in this position and wait for further movement
Nah! We are not even close to consolidation yet as the market still would have more to give before the end of the week. Yeah, we may not know how the movement is going to be like, but the gospel fact is that we are in a very complex and unpredictable market and probably traders are just trying to be careful and all we are just seeing now are just some little bit of transactions here and there without anything much happening in the market and that can possibly explain the low movement in fluctuation.


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timerland
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April 11, 2018, 07:44:54 AM
#38

Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?

Firstly, there is not a lot of hype around anymore compared to last year. That means that the price is unlikely to fluctuate upwards that much at all during the year of 2018. Also since we've already went down so much from the all time high, the room for downward movement is limited as well. Naturally, that would mean lower volatility.

We've seen bitcoin just move sideways between the $6500-7500 range for the past 1-2 weeks, which is weird.

But what I see is that there is strong support at $6500 yet strong resistance at $7500, which is creating this seemingly "stable" market.

Overall fluctuation for bitcoin should naturally reduce as the markets mature, and adoption increase.

Kevin77
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April 11, 2018, 03:24:29 PM
#39

yes, it happens because of the lack of power possessed by bitcoin and I often say in this forum that the rise in bitcoin prices for now will be highly dependent on our own especially those who continue to hold bitcoin to date. but all the hopes of realizing a bitcoin price increase should be made by everyone who uses bitcoin to keep making purchases and stay afloat for long periods of time because the thing he wants is to realize a bitcoin price rise will never happen if every bitcoin user does not have the courage to keep bitcoin under any circumstances.
It is not bitcoin that possesses the power, it is just the way traders and the big guys perceive the market. Being a trader normally, it is always a best idea to stay clear of market at this moment in time because things can just change within a twinkle of an eye. The market has been based on a lot of FUD and that alone can easily affect stability, most especially when a particular hand seems suppressed and the other is still looking for a better angle to take over.

Usually the smaller range of fluctuations shows up the lack of new players. It means bitcoin is not currently attracting new investors who come and join the party to manipulate the extremes that he could. On the other hand we must take small ranged fluctuations are denoting sustaining prices, a very good symbol for another round of bull-run.
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April 16, 2018, 07:10:18 AM
#40

Definitely, this is a direct result of clients and financial specialists who execute bitcoin every moment as the development of computerized advertise are concerned. It mirrors the development through diminishing or expanding. This time having market are diminish it makes littler and littler once the clients are continually offering.
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