Bitcoin seems to drop faster than rises (rate of change, obviously not absolute)

[jubalix]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

[Bitmore1]

Nuke the whales.

[exstasie]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Most assets trade like that. It's not particular to the BTC market. There's an old adage about it: "The market takes the stairs up and the elevator down."

[Kemarit]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Most assets trade like that. It's not particular to the BTC market. There's an old adage about it: "The market takes the stairs up and the elevator down."

Right, so for newbie traders this is an eye opener for them, FOMO'd and then got burned easily. So they can either stay and learn from this experience and continue their journey, so simply exit. But for those who have been in this market, it doesn't surprise them at all. It is how you react and take advantage of every spike and then buying in every dip, win-win situation.

[Wind_FURY]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Steeper drops are also opportunities to buy lower than usual.

Why is this?

There's "someone good" up there who doesn't want to leave you behind.

It seems the one predictable thing about BTC.

Then that's good. It's predictable, easier to trade/buy.

[Cherylstar86]

More traders took advantage of the rising market trend, and daily traders broke down the silence after long bearish period. Opportunity was grabbed instantly and I guess those sellers contributed to large fluctuations lately that definitely made the price so volatile. Roller coaster ride was on it's way taking time to correct some price glitches.

[gentlemand]

Going up is building. Going down is running. Traditionally you can do that a whole lot faster. People run for the exits. They rarely run for the entrance. Much of the time they're waiting for someone else to set a direction.

[UnDerDoG81]

Whales need new lambos...

[justdimin]

It is because of the panic sellers, people are always on the fence about buying, when you buy you have to know it should be going up after you buy but when its going down you can sell and you know it will make it go down even more so you sell with more ease, so if its going down because of x reason then it goes down even more after panic sellers start to sell as well.

Bitcoin going down is quite easier compared to buying as well because when you need to buy then you need to find new money buying bitcoin but when you want to sell the orders are right there and you can just dump all bitcoin you want. Right now you need a billion dollars to increase the price by double but if you want to sell a billion dollars worth of bitcoin you can do it in half an hour in 10 different places easily. That is the reason why they are so different.

[Slow death]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

People buy too much bitcoin because they have heard some good news, they create high expectations that the price will increase a lot, but if it has any negative news it will be enough for people to panic and sell with losses. I myself at the beginning when I entered the world crypto sold as soon as I heard some bad news, because I entered panic and days later or weeks later I saw the price to recover. It took a long time for me to stop panicking.

[rdluffy]

It's always like this, the fall is faster 

We can take this as advantage to sell and then rebuy, I'm trying this to accumulate more BTC in moments of volatility

[exstasie]

We can take this as advantage to sell and then rebuy, I'm trying this to accumulate more BTC in moments of volatility

Good for you if it works. I prefer to leverage long while momentum is strong and sell into strength instead of waiting for the massive dump to sell. The dumps (like yesterday) often happen so fast that they trap lots of buyers in losing positions. Most of these people will panic hold and end up selling lower rather than taking advantage and rebuying. It's just human nature.

[omonuyak]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

It takes bitcoin about two weeks to recover from the last pull down and recover with again around $2800 and yesterday it lose around $2000 in just a day and that means it lose fast and find it hard to grow. The buying above $12000 is weak and something fundamentals need to happen in other for new investors with a huge pocket to enter into the market.

[Theb]

You ask it as if it's some kind of mystery on why Bitcoin does that in the market. Aren't you aware that Bitcoin since going up back above 10,000$ a lot of people's target price are already set in place for profit taking? In case you haven't figure it out already most cryptocurrencies aren't your normal asset that can go for a steady growth for about for years, most of the time its waves of upwards and downwards movement brought to either the buying and selling of people taking advantage of the market's movement. Even if it is the bear market you will see the same thing, nothing has really change except for it moving on a wider range.

[Oilacris]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Casual stuff to be seen on Bitcoin market.We can see random ranges neither on price increase or drops but mostly this

happens on dropping price.There's no surprise thing though yet this market had been unpredictable since from the beginning.
This is why I do make shorts whenever I do hit up some profit target range.

[adzino]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Instead of comparing the prices in short term range, just compare the price in long term range. You will see that we are actually in the green zone. It's like the price starts to rise 4x or 5x and then after the drop when compared to previous year prices, we can see that the price is still now up almost twice.
Yeah pattern is predictable and has been repeating since the beginning.

[WinslowIII]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

What the literal fuck are you talking about? this is an example that has been repeated several times since bitcoin started: bitcoin went 50x from early 2016 to end of 2017. FIFTY TIMES IN PRICE! Then it sank from $20k to $3k, a measly 6x loss from the top. People like you who have absolutely no idea how to calculate anything make me wonder how you manage to get out of bed each day without falling on your head and dying.

[timerland]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

I'd attribute this to basic human psychology.

You see this across all markets, whether stock markets, property markets, etc. where the price of the asset may go on a multi-year bullish run, only to be met with some form of flash crash at one point or another. It's not limited to just BTC.

Traders within the market are more prone to panic when they see a sudden trend reversal from bullish to bearish, than the other way around. Especially when you factor in the skepticism that people have at the start of a bull market. i.e., if you follow the bubble graph, it's not until euphoria kicks in when people's fomo and greed outweighs any common sense.

TLDR; Do you panic more when your investment is shrinking, or is your propensity of buying more coins greater when your investment is on the up? Probably the former.

[shield132]

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

People buy too much bitcoin because they have heard some good news, they create high expectations that the price will increase a lot, but if it has any negative news it will be enough for people to panic and sell with losses. I myself at the beginning when I entered the world crypto sold as soon as I heard some bad news, because I entered panic and days later or weeks later I saw the price to recover. It took a long time for me to stop panicking.

But in this situation did we see any bad news? As far as I see, no.
To be fair don't know why this happens always, maybe people try to sell as soon as they see rise and everyone follows this action. On another hand I look it positively, a given chance to buy bitcoin and see profit in near future because it always rises, sometimes slowly and sometimes takes a long time but in overall price rises and we see profit.
Let's see what will happen in near future, seems quit interesting whether price will rise and exceed 13K and higher or it will fall again.

[STT]

Every market drops faster then it rises, so far as I can remember thats true of stocks and many types.   The biggest reason is probably from hot money or leveraged buys which find a return in a rising price but must sell and repay the borrowed funds if that trend is ever seriously threatened.

We havent come close to a proper sell off, its still within a daily trend of rises lasting months.   A proper reset is to lose the positives and then fell till support is found, not really not that so much as adjusted its gradient