shoreno
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July 16, 2019, 06:38:14 AM |
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It actually goes both ways, seen bitcoin rise more than 15 percent within 24 hrs
the rise that your talking about is only small and its only a recovery for its drop and these were only happening this month or this year but at the past there are more drops than the rise . btc drops fast because people sells in a quicker fashion because that is the only reason on why they are here investing and scouting for the price . they need to act quick if not they will miss the oppurtunity .
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Herbert2020
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July 16, 2019, 07:27:38 AM |
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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.
Yes drop is painful but on the average, in the boom market, the price rise has always been more than the fall in the market value of Bitcoin. We should expect more rise in the market value of the coin and there are reasons behind the rise of the price of the coin like super speculation and Bitcoin Halving in 2020. So if you invest right now, you would make some good bucks. next block halving may seem close but in market trend terms it is far away. and as i have been saying all this year, we will continue to see a lot more price rises before we reach the state where there is a big jump in price because of the halving which also will occur at least 1 month before the actual date. i expect price to be closer to $20k by then and the halving to push it beyond the previous ATH and kick start the next bubble.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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izanagi narukami
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July 16, 2019, 01:36:49 PM |
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Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak. But if it's too late, you still can hold it for few months , years until it reach your expectation.
Remember that you're follow the trend not the trend following your need
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romero121
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July 16, 2019, 05:16:56 PM |
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Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak. But if it's too late, you still can hold it for few months , years until it reach your expectation.
Remember that you're follow the trend not the trend following your need
That's the reality, it's like the aircraft in the sky. It cannot stay for a long in the sky, maybe beyond certain height it can stay for a longer time period. Here, if we're too late we miss the opportunity, so it is good to take your own time and decide what needs to be done to overcome the market fluctuations and experience some profit unlike the market trend.
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Bitcoinwaist
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July 16, 2019, 05:36:33 PM Last edit: July 16, 2019, 05:57:16 PM by Bitcoinwaist |
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Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.
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FanEagle
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July 16, 2019, 06:39:16 PM |
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I think people have a good point when they say it requires faster than it rises because we have usdt but we do not have btct type of thing, which means people can get out of bitcoin easier than they can get into bitcoin, for example I can sell my bitcoins and move to usdt instead of withdrawing all the way to my bank account whereas if I want to buy bitcoins then I have to put money from my bank account itself (unless I already have usdt which usually means I already once had bitcoin so it is zero-zero).
I feel like if you check the support walls and resistance walls the situation is same as well, there is bigger walls on resistance but there are smaller walls on support so it is easier to go back down whereas it is harder to go back up. It is my own thought of course, maybe I am very wrong who knows.
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yvesp110
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July 17, 2019, 05:30:34 PM |
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Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak. But if it's too late, you still can hold it for few months , years until it reach your expectation.
Remember that you're follow the trend not the trend following your need
That's the reality, it's like the aircraft in the sky. It cannot stay for a long in the sky, maybe beyond certain height it can stay for a longer time period. Here, if we're too late we miss the opportunity, so it is good to take your own time and decide what needs to be done to overcome the market fluctuations and experience some profit unlike the market trend. We know that everyone gets chance to have profit from crypto currency increases and falls so we only have to use this chance it is very important to buy some bitcoin at low price then we will have to hold because only with holding we can make profit. Those to lose patience and sell for panic they only get lose.. because huge things takes time to happen.
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btc_angela
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July 21, 2019, 03:04:47 AM |
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Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.
They're the master of manipulation, lol, that is why they are call whales. Anyways, we went < 5 digits but it seems that we are back again and could hit $11k anytime soon. So if they whales manipulated it and you are able to ride with them buy buying more at around $9200 then obviously you're already a winner at the current price, rinse and repeat.
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Cherylstar86
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July 21, 2019, 05:15:16 AM |
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Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.
They're the master of manipulation, lol, that is why they are call whales. Anyways, we went < 5 digits but it seems that we are back again and could hit $11k anytime soon. So if they whales manipulated it and you are able to ride with them buy buying more at around $9200 then obviously you're already a winner at the current price, rinse and repeat. What truly occur on the present situation is about adjustment which ordinarily happen in crypto world. The market stage enduring high volatilization which likewise take as one of the reason of its snappy fall. What's more, ideally it will recoup soon.
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davis196
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July 21, 2019, 06:02:09 AM |
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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.
This price pattern can be seen in almost every asset that has a limited supply.Real estate properties in some specific locations can also have the same market price patterns. The FOMO hype is always building slowly,while the panic selling comes always faster and has an instant effect.
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pixie85
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July 21, 2019, 09:47:20 PM |
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Slow climbs and fast steep falls are normal for stocks and for bitcoin. It's all as it should be here. It doesn't matter how fast it falls but that it always stops higher and forms a higher low on the charts every time it goes into a bear market cycle and forms a higher high in every bull cycle.
Bitcoin is a very healthy stock if you look at the chart from the last 10 years.
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creeps
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July 21, 2019, 10:51:17 PM |
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I think this is a natural thing. more people are easily panicked than they are for now. however, the price of bitcoin has a long enough process to rise, and is stable. however, it only takes a few days to dump. it's just that, there is a moment where the price of bitcoin also rises so fast.
It depends on the momentum of bitcoin, if its uptrend then we can see a spike with the price and if there’s a panic, people will take profit as fast as they can. Bitcoin will go up on a long process, we have more time to accumulate. A slow pump is better than a fast pump and then drop unexpectedly and stay on that level.
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Bezobraznike
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July 22, 2019, 06:03:14 PM |
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How is possible for someone to think that Bitcoin price drops faster, when in last 10 years Bitcoin raised 10000%? Where people see that fast drop, every time that was only temporary, it takes time for the price to recover, but that happen eventually! Probably price changes and how people see that are matter of perspective. Some people can see whole picture, while others see just what they want to see. I`m the one who see the whole picture, and what I see is that Bitcoin price is rising for the last 10 years and that rise will not stop!
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Johnzky
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July 22, 2019, 06:52:21 PM |
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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.
Lol yet the market is still in bullishness so why bother about the dropping ?and don’t forget that we came from a $3,000 value and jumped to more than $10,000 still Just stop Fud and we will be on the rise again mate
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veleten
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July 22, 2019, 08:31:09 PM |
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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 is not only natural for bitcoin , take any traded asset and you will get same or similar patterns the rise is a gradual build up , while the drops are usually panic sales or triggered by negative news while human greed is a powerful emotion ( FOMO, buying,price goes up ) , fear is way more powerful ( panic , sell , price goes down ) but if you check the charts, bitcoin is increasing its price and is one of the best performing asset to invest in
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Wind_FURY
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July 23, 2019, 08:25:04 AM |
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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 is not only natural for bitcoin , take any traded asset and you will get same or similar patterns the rise is a gradual build up , while the drops are usually panic sales or triggered by negative news while human greed is a powerful emotion ( FOMO, buying,price goes up ) , fear is way more powerful ( panic , sell , price goes down ) but if you check the charts, bitcoin is increasing its price and is one of the best performing asset to invest in You want to see what's "natural" for Bitcoin? Zoom out your chart to all-time view. See that it's going to 6 digits. Debating everyday about the price today will just confuse you. If you want to do something about it, then buy the dip and HODL. There's another opportunity coming to buy under $10,000 again. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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STT
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July 23, 2019, 08:59:51 AM Last edit: July 23, 2019, 11:01:00 AM by STT |
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From my view the BTC price hovers in mid air so often, its like a Roadrunner cartoon. We have left the uptrend, its gone sideways and we are still at 10,000 or so. I wont be surprised if its risen on the day somehow today. It does appear like it will fall from here but who knows ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhRt2jEF.png&t=665&c=J48oxHRGy_j1ow) The only support I see now is the round number of 10k. I should look harder as there must be other possibles but thats the one I think mostly catches market minds for a collective buy. If we get past 10,400 it could take, if its failing to take 10,400 next time I look I will be more convinced it must go further down. 9,200 would be an old target to first visit
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Anonylz
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July 23, 2019, 09:00:02 AM |
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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.
Lol yet the market is still in bullishness so why bother about the dropping ?and don’t forget that we came from a $3,000 value and jumped to more than $10,000 still Just stop Fud and we will be on the rise again mate people seem to forget that part, not too long ago btc was trading at $3000+ but within few weeks look at the price now, sometimes i wonder what exactly people want from btc, price goes up people question it's authenticity, price dip they also question why that happen ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Lol! too many trolls in the crypto community ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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Vishnu.Reang
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July 23, 2019, 02:05:55 PM |
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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 you had posted makes no sense at all. If it was true, then Bitcoin could have gone down heavily instead of rising from $3,200 per coin to $10,000 per coin during the last 3 months. Also, one thing I would like to point out. During the current bull rally, the spikes were always very sharp and short-lived, and the drops were moderate and lengthier in duration.
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Naida_BR
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July 23, 2019, 04:20:05 PM |
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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 have noticed that drops are bigger that increases as well. In my opinion, this happens because many investors in the industry came in order to make profits and not because of the technological advancement that relies behind cryptocurrencies. Having said that, when they see a price drop the start selling immediately.
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