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

[YOSHIE]

I see not only Bitcoin is down, almost all coins experience the same thing in this week, I think the price of Bitcoin has got a real position, but in fact it actually dropped free.
But this does not affect investment people in the crypto business.
I will wait for a lower price to buy, if seen from the news now experts are predicting to guess the price of bitcoin which is actually unpredictable. Sure the bitcoin will rise again.

[Reid]

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.

Love this.

Didn't even thought about that. But it could be applied.
Well you had been a legendary Sir. I do think you had the experience with this kind of movement even from before.

Somehow I am getting used to it, sadly I ain't trading my Bitcoin but rather using another coin to be traded. I hope I have that strength to give it up that easily to buy and sell for profit. But I don't have that much courage.

My question too. Is there a group of large quantity holders out there who had been doing this manipulation. It will be difficult to find it out.

[The Cryptovator]

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.

This isn't true at all. If it has been happen one time we shouldn't compare it will all run. But seems btc much volatility currently. That's why I do not like sudden pump, because it will dump suddenly and new investors will worry. In a result bitcoin would dump more. Slow growth to up trend always welcome to me because it will not dump hardly and it will increase confident if new investors.

[romero121]

The growth of bitcoin used to happen based on various factors, when it comes to the fall in value it most of the time gets into the usage relative factors, FUD and other forms of regulatory issues that cryptocurrency network experience with time. This at times make the market value of bitcoin drop faster than its level of growth. The same isn't the scenario of bitcoin price moves each and every time, whenever there is some drop in price.

[JeromeTash]

You should know buy now.
The reason why it's like that is because of mostly stop losses set by people get triggered when the price even starts to drop slightly.
Once the stop losses are triggered, there will be a massive sell off with in a very short period ... That's why the price drop curves are so step.

[bitbunnny]

Yes, that is always the feeling and no one doesn't like to see price drop. Still we were in similar situations couple of times recently and by now no one should be surprised. Corrections are part of volatility process.
But we also had pretty sudden and fast pump which very often ends up in corrections that is why I prefere slow and steady rise. But there is no place for panic and selling.

[1Referee]

Is there a group of large quantity holders out there who had been doing this manipulation. It will be difficult to find it out.

What manipulation? I have seen a lot of people talk about manipulation, yet none of them can articulate what that manipulation exactly is they refer to.

The drops we have seen are pretty common. Most big stack holders that have way lower entry points are waiting for certain levels to be reached so they can sell and get back an amount they feel comfortable with. They tend to wait for higher levels because of the slippage that occurs. They factor in that in order to get x amount, the price has to be 10-20% higher because of how thin the books are.

It's easy for most people here to cash out their positions at exact price levels, but for whales looking to unload thousands of coins it's impossible.

[adaseb]

Its not only bitcoin or crypto markets that crash faster than they rise, its almost all markets especially the stock markets.

Look at the stock market back in 2007-2008 during the recession, it took years for the markets to hit those highs and only took around 1.5 years for all the profits to vanish.

Markets goes up slower than they go down mostly due to fear. Basically when the market is up 5% everybody is happy, when the markets are down 20% or so, people panic and everybody wants to get out at the same time. So there is massive selling pressure that accelerates everyday and everytually there is a recession.

Then it hits a low and the cycle repeats. This is generally how the rich and other institutions make their millions. Off the traders who sell out of fear not to lose money.

[Herbert2020]

it is only because we are still in early days of reversal out of the bear market. and we all know that people tend to get stuck in their old ways until they are forced to change. right now they are stuck in the bear market mentality so they panic sell quite faster than normal which is why we sometimes see big drops.

but as this mentality changes we no longer see those big drops like the 2018 drops that were coming slower while the 2017 RISES were coming much faster because by that time the mentality was the bull mode.

[maydna]

This time the correction comes too deep and makes the price drops too far, and we already saw the price does not increase in a few days ago until now. But I believe that in the end, the bitcoin price will start to increase back as usual although perhaps, we will see another down of the price again. But I am sure it will rise high later.

No one can predict what is happening in yesterday or this day, and I think this makes some traders panic to see the price drops too deep. But I hope that they can hold their feeling and not to sell their bitcoin because of fear, because that will makes the price will go down again.

[YOSHIE]

That's called trading sometimes goes up sometimes down, cryptocurrency like Bitcoin is also experiencing the same thing.
* You remember in 2017 the time went up, and when the price of Bitcoin dropped to a drop of $ 3000, without stopping.
* You remember yesterday when mid-2019 when rising, who would have guessed.
In the world of investment, it is highly prioritized, patience, do not panic, for the future everything will improve, maybe this is an influence on the world which is currently struggling with the economy.

[fabiorem]

I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

[BrewMaster]

I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

that is an interesting theory but i don't think the possibility of it being the case we have these days is that high. we have not been above $10k price that long to now want to rise another 30 to 40% that easily without the day traders cashing out their profits. and the $13k level seems like a challenging resistance that is causing these follow up drops each time it is tested.
if we get stuck in here for another month or drop lower than $10k then i start worrying about manipulation.

[sandra_x]

It actually goes both ways, seen bitcoin rise more than 15 percent within 24 hrs but it is particular very painful to see your asset fall by the same margin the same time frame. As with all emerging assets class, more risk more reward certainly does apply to bitcoins. I am holding on tightly to my coin because in a few days time, we are likely to better prices

[buwaytress]

Your maths is really bad. For Bitcoin to drop to zero, it has to drop exactly the same proportion as it has risen, ie. 1x the "speed" of Bitcoin's rise.

Of course drops seem to be more painful than rises. You feel the pain of loss a lot more than you do the joy of gains. It's just human psychology and the way our brains work to process emotional effects of money. A lot of research into it. Helps explain why traders chase losses. Gamblers continually suffer from sunk loss psychology, etc.

[iv4n]

That's called trading sometimes goes up sometimes down, cryptocurrency like Bitcoin is also experiencing the same thing.
* You remember in 2017 the time went up, and when the price of Bitcoin dropped to a drop of $ 3000, without stopping.
* You remember yesterday when mid-2019 when rising, who would have guessed.
In the world of investment, it is highly prioritized, patience, do not panic, for the future everything will improve, maybe this is an influence on the world which is currently struggling with the economy.

Just one correction, fall from 20k to 3k wasn`t a straight line. As I remember, checking charts from that period can confirm that. Everything else you stated is true, when people trade too much, price will fluctuate, when you add high rollers who trade with huge amounts, price will go down/up very fast.
People will panic no matter what we say. We already seen huge rise this year, but this little drop affected people to think about the worst case scenario, again. It`s like that since I`m here, price was 200 dollars, can you imagine that? With every drop, people wrote about some doom, the best thing to do is to not pay attention.

[exstasie]

I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

I doubt it, or the effect was negligible. This is 100% normal price action. Aggravating for bulls because of the lack of bounces on the way down, but normal. We still only dropped 30% during this correction. Dropping 40% would be normal for Bitcoin if we compare to the 2017 bull market.

[STT]

Bitcoin doesnt drop that harshly recently, not as percentage when we compare to the gains already.   Its just profit taking which is not that severe compared to a proper drop.



So I'm really looking to see if the daily bar is going to close sub 11,000 or not because that would at least give more possibility to the negative.   

[Ridwan Fauzi]

Panic buy and panic sell always been happened on this market, but yeah the people will prepare to sell their coin when the price will be down. Disparate when they will buy it, he will use a lot of strategies to strengthen their sales, other than that for this time most people still have a doubt  that bitcoin price will touch another ATH or continue to increase, as you may know bitcoin price had decreased a lot since 2018 and have killed many investors. But it would be different when bitcoin price pass $20.00, I guess there will be many people who start to buy it and hold for long term investment.

[arpon11]

Whales need new lambos...

The bull is doing very well this day just that whales are really manipulating the market to make more money from the market and there are notting the micro traders can do than to keep holding. The up and down of the market provide them the opportunity to buy low and sell high and keep doing this to fatting their pockets. I wish I have such large funds to be part of the market makers and the whales in the cryptocurrency market