3-5% daily decline trend is back - page 2.

Harry Hood

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Quote from: SargeR33 on March 14, 2015, 03:09:25 AM

I bought some BTC at the nice low point it was on. Its weird how it fluctuates so randomly when there are no real reasons in sight. I was trading some stocks the other day and had some first hand info of a penny share signing a new contract with a new company. I bought some shares at .05 a piece, the signing was made public on all exchanges and there was a 48% jump when the market closed.

The price fluctuations may seem random because there's no great or awful news out but really the price fluctuations are far from random and have very real reasons. The reasons are just more simple than you expect. It's all linked to supply and demand. If there are more people that want to buy bitcoin than want to sell it today they price will go up. If there are more people that want to sell than buy today the price will go down. The price will travel to an equilibrium between buyers and sellers. In fact, this is the only reason that drives price. Now positive or negative news can influence price, but not unless the news is significant enough to cause more buyers than sellers (or vice versa).

Here's some more information on the topic: http://futures.tradingcharts.com/learning/supply_and_demand.html

picolo

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Quote from: kwukduck on March 13, 2015, 10:18:25 PM

Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.

It is a bit early to call for 3-5% daily decline since we had ONE day with a 5% decline Grin

spooderman

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Two days = Established daily trend.

Ok.

btw, it was my birthday yesterday, based on that sample size of one day I've worked out roughly when my birthdays will occur, I have managed to deduce that it is also my birthday today and tomorrow.

maku

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Quote from: manselr on March 14, 2015, 03:26:32 PM

Technology is not already "there", at least not enough to deliver mainstream adoption. As Andreas has said things may chang al ot in the following years. We may end up not even using wallets as we know them, with the non very user friendly addresses and whatnot.

Until things get dumbed down so average joes can use it we will see a moon.

I will disagree. I think technology is there. Fine and ready to be used by people. You are talking about future evolution of known concepts - that is something totally different. We are ready to embrace bitcoin in our everyday life but people need to know about that something like bitcoin exists.
Technology has nothing to do with this process really.

manselr

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Quote from: deisik on March 14, 2015, 02:01:05 PM

Quote from: Honeybooboo on March 14, 2015, 01:41:48 PM

Quote from: deisik on March 14, 2015, 12:31:51 PM

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

I don't know but it's not going to happen over night. My examples are very relevant but they were just a few. You can use practically any piece of technology and it's relevant. Nothing happens overnight. If computers took nearly two decades to become mainstream and the internet a decade why not bitcoin in the same time? Online gambling and sex aren't the only uses and again those are just two examples but it can be used for purchasing anything online. Why did you leave out the remittance market? That's a multi-billion dollar industry alone and the people who use it are being raped by fees: http://www.theguardian.com/global-development/2014/aug/18/global-remittance-industry-choking-billions-developing-world

I didn't leave out the question of remittance market, I told you that with Visas and Mastercards money transfers can be almost instant (notably faster that bitcoin blockchain confirmations are). But please don't raise the issue that these payment systems are centralized while bitcoin is not. It is not relevant to the matter at hand...

Technology is already here, but adoption is still lagging behind (to put it mildly)

Quote from: Honeybooboo on March 14, 2015, 01:41:48 PM

Can I ask, if bitcoin is such a dead dog in your opinion why are you still here?

I didn't say (nor implied) that bitcoin is a dead dog. All I wanted to say is that we shouldn't expect significant expansion of the bitcoin universe in the future (read, higher exchange rates)...

Technology is not already "there", at least not enough to deliver mainstream adoption. As Andreas has said things may chang al ot in the following years. We may end up not even using wallets as we know them, with the non very user friendly addresses and whatnot.

Until things get dumbed down so average joes can use it we will see a moon.

deisik

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Quote from: Honeybooboo on March 14, 2015, 01:41:48 PM

Quote from: deisik on March 14, 2015, 12:31:51 PM

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

I don't know but it's not going to happen over night. My examples are very relevant but they were just a few. You can use practically any piece of technology and it's relevant. Nothing happens overnight. If computers took nearly two decades to become mainstream and the internet a decade why not bitcoin in the same time? Online gambling and sex aren't the only uses and again those are just two examples but it can be used for purchasing anything online. Why did you leave out the remittance market? That's a multi-billion dollar industry alone and the people who use it are being raped by fees: http://www.theguardian.com/global-development/2014/aug/18/global-remittance-industry-choking-billions-developing-world

I didn't leave out the question of remittance market, I told you that with Visas and Mastercards money transfers can be almost instant (notably faster that bitcoin blockchain confirmations are). But please don't raise the issue that these payment systems are centralized while bitcoin is not. It is not relevant to the matter at hand...

Technology is already here, but adoption is still lagging behind (to put it mildly)

Quote from: Honeybooboo on March 14, 2015, 01:41:48 PM

Can I ask, if bitcoin is such a dead dog in your opinion why are you still here?

I didn't say (nor implied) that bitcoin is a dead dog. All I wanted to say is that we shouldn't expect significant expansion of the bitcoin universe in the future (read, higher exchange rates)...

Honeybooboo

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Quote from: deisik on March 14, 2015, 12:31:51 PM

Quote from: Honeybooboo on March 14, 2015, 12:19:07 PM

Quote from: deisik on March 14, 2015, 11:15:57 AM

I've been here (by 'here' I mean both bitcointalk and bitcoin world) since 2013, even before that terrific hike to 1,000$ and beyond (I profited handsomely, by the way), and, honestly, I see no reason why this ("remittance/gambling/sex") should happen in the future if it hadn't happened already... Your ideas?

Because it needs time to grow. The general public are sadly generally ignorant and all technology takes time to get accepted by the masses. The internet or personal computers didn't just blow up over night. They were created by geeks and used by geeks but the mainstream realizes a great invention eventually. I think once the remittance/gambling/sex markets realize how much money they can save and the users realize how they don't have to give all their personal details to these gambling or sex sites the benefits double. We just need time.

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

I don't know but it's not going to happen over night. My examples are very relevant but they were just a few. You can use practically any piece of technology and it's relevant. Nothing happens overnight. If computers took nearly two decades to become mainstream and the internet a decade why not bitcoin in the same time? Online gambling and sex aren't the only uses and again those are just two examples but it can be used for purchasing anything online. Why did you leave out the remittance market? That's a multi-billion dollar industry alone and the people who use it are being raped by fees: http://www.theguardian.com/global-development/2014/aug/18/global-remittance-industry-choking-billions-developing-world

Can I ask, if bitcoin is such a dead dog in your opinion why are you still here?

deisik

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Quote from: Honeybooboo on March 14, 2015, 12:19:07 PM

Quote from: deisik on March 14, 2015, 11:15:57 AM

I've been here (by 'here' I mean both bitcointalk and bitcoin world) since 2013, even before that terrific hike to 1,000$ and beyond (I profited handsomely, by the way), and, honestly, I see no reason why this ("remittance/gambling/sex") should happen in the future if it hadn't happened already... Your ideas?

Because it needs time to grow. The general public are sadly generally ignorant and all technology takes time to get accepted by the masses. The internet or personal computers didn't just blow up over night. They were created by geeks and used by geeks but the mainstream realizes a great invention eventually. I think once the remittance/gambling/sex markets realize how much money they can save and the users realize how they don't have to give all their personal details to these gambling or sex sites the benefits double. We just need time.

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

Honeybooboo

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Quote from: deisik on March 14, 2015, 11:15:57 AM

Quote from: Honeybooboo on March 14, 2015, 08:51:02 AM

I think the decline or decreases will be small fry compared to the price rise we would see if a whole industry got on board. Bitcoin still has massive potential in the remittance/gambling/sex industry and if one of those got on board the demand for bitcoin would skyrocket though like I said we'll need patience to see this. Hopefully those that do will be rewarded for it in the future.

I've been here (by 'here' I mean both bitcointalk and bitcoin world) since 2013, even before that terrific hike to 1,000$ and beyond (I profited handsomely, by the way), and, honestly, I see no reason why this ("remittance/gambling/sex") should happen in the future if it hadn't happened already... Your ideas?

Because it needs time to grow. The general public are sadly generally ignorant and all technology takes time to get accepted by the masses. The internet or personal computers didn't just blow up over night. They were created by geeks and used by geeks but the mainstream realizes a great invention eventually. I think once the remittance/gambling/sex markets realize how much money they can save and the users realize how they don't have to give all their personal details to these gambling or sex sites the benefits double. We just need time.

AtheistAKASaneBrain

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Quote from: kwukduck on March 13, 2015, 10:18:25 PM

Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.

It's the weekend, during weekend a correction is always expected due the decrease in volume, some people have lifes outside of trading you know.

deisik

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Quote from: Honeybooboo on March 14, 2015, 08:51:02 AM

Quote from: deisik on March 14, 2015, 07:43:38 AM

Quote from: Honeybooboo on March 14, 2015, 07:29:22 AM

Quote from: deisik on March 14, 2015, 05:46:40 AM

Quote from: Mountain Jew on March 14, 2015, 05:05:19 AM

What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

No one (well, almost) here believes deep inside that bitcoin can actually make it back. So when it rallies some 50 dollars, it is considered as a miracle, but when bitcoin declines just 5, it comes as expected in an anticipation of further decline... Cool

By 'here' what do you mean? This forum or the subforum of speculation? I don't believe deep inside that it can't make it back. In fact, I feel the opposite. I think bitcoin has only scrapped the surface of it's potential and can go to plus-1000 prices, but it'll take time so we just need patience. We need the general public and merchants to warm to it and this will be a slow job, but I think they will start coming around eventually.

This forum in particular and bitcoin owners as whole. No matter what you think now, a genuine reality check will be when and at what price you start selling the bulk of your bitcoins. Thereby, the consistent decline of bitcoin price through the last year (and some time before that) is a true evidence which cannot be attributed to just rampant speculation and market fluctuations...

I think the decline or decreases will be small fry compared to the price rise we would see if a whole industry got on board. Bitcoin still has massive potential in the remittance/gambling/sex industry and if one of those got on board the demand for bitcoin would skyrocket though like I said we'll need patience to see this. Hopefully those that do will be rewarded for it in the future.

I've been here (by 'here' I mean both bitcointalk and bitcoin world) since 2013, even before that terrific hike to 1,000$ and beyond (I profited handsomely, by the way), and, honestly, I see no reason why this ("remittance/gambling/sex") should happen in the future if it hadn't happened already... Your ideas?

Honeybooboo

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Quote from: deisik on March 14, 2015, 07:43:38 AM

Quote from: Honeybooboo on March 14, 2015, 07:29:22 AM

Quote from: deisik on March 14, 2015, 05:46:40 AM

Quote from: Mountain Jew on March 14, 2015, 05:05:19 AM

What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

No one (well, almost) here believes deep inside that bitcoin can actually make it back. So when it rallies some 50 dollars, it is considered as a miracle, but when bitcoin declines just 5, it comes as expected in an anticipation of further decline... Cool

By 'here' what do you mean? This forum or the subforum of speculation? I don't believe deep inside that it can't make it back. In fact, I feel the opposite. I think bitcoin has only scrapped the surface of it's potential and can go to plus-1000 prices, but it'll take time so we just need patience. We need the general public and merchants to warm to it and this will be a slow job, but I think they will start coming around eventually.

This forum in particular and bitcoin owners as whole. No matter what you think now, a genuine reality check will be when and at what price you start selling the bulk of your bitcoins. Thereby, the consistent decline of bitcoin price through the last year (and some time before that) is a true evidence which cannot be attributed to just rampant speculation and market fluctuations...

I think the decline or decreases will be small fry compared to the price rise we would see if a whole industry got on board. Bitcoin still has massive potential in the remittance/gambling/sex industry and if one of those got on board the demand for bitcoin would skyrocket though like I said we'll need patience to see this. Hopefully those that do will be rewarded for it in the future.

majorminers

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Quote from: deisik on March 14, 2015, 05:03:51 AM

Quote from: flyingplows on March 14, 2015, 04:22:31 AM

Can you explain why even the price has risen - I was just getting ready to buy cheap because of that recent auction of 50,000 BTC, but instead the price moved up.. Roll Eyes

I entered crypto not that long ago, but I noticed that things reflected in the news basically don't influence the price at all, it seems like some big whales are just manipulating the market to their needs and there is nothing you can predict here.. Sad

If you look at the trading graphs most of price drops happen suddenly like a stone (be it a small drop or big drop) and then trading returns to normal again, i mean its not gradual decline..

It means that the market has little liquidity relative to the amounts stashed in big wallets. And when one of these big fish finally decides to shell out, the market takes a sudden deep plunge momentarily. Then small fish begin buying up, and the price slowly rebounds...

Seems about right. This type of action is an inevitable result of having huge stashes placed in certain wallets. This phenomena is not unique to 'virtual' currencies either.

deisik

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Quote from: Honeybooboo on March 14, 2015, 07:29:22 AM

Quote from: deisik on March 14, 2015, 05:46:40 AM

Quote from: Mountain Jew on March 14, 2015, 05:05:19 AM

What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

No one (well, almost) here believes deep inside that bitcoin can actually make it back. So when it rallies some 50 dollars, it is considered as a miracle, but when bitcoin declines just 5, it comes as expected in an anticipation of further decline... Cool

By 'here' what do you mean? This forum or the subforum of speculation? I don't believe deep inside that it can't make it back. In fact, I feel the opposite. I think bitcoin has only scrapped the surface of it's potential and can go to plus-1000 prices, but it'll take time so we just need patience. We need the general public and merchants to warm to it and this will be a slow job, but I think they will start coming around eventually.

This forum in particular and bitcoin owners as whole. No matter what you think now, a genuine reality check will be when and at what price you start selling the bulk of your bitcoins. Thereby, the consistent decline of bitcoin price through the last year (and some time before that) is a true evidence which cannot be attributed to just rampant speculation and market fluctuations...

Honeybooboo

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Quote from: deisik on March 14, 2015, 05:46:40 AM

Quote from: Mountain Jew on March 14, 2015, 05:05:19 AM

What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

No one (well, almost) here believes deep inside that bitcoin can actually make it back. So when it rallies some 50 dollars, it is considered as a miracle, but when bitcoin declines just 5, it comes as expected in an anticipation of further decline... Cool

By 'here' what do you mean? This forum or the subforum of speculation? I don't believe deep inside that it can't make it back. In fact, I feel the opposite. I think bitcoin has only scrapped the surface of it's potential and can go to plus-1000 prices, but it'll take time so we just need patience. We need the general public and merchants to warm to it and this will be a slow job, but I think they will start coming around eventually.

EternalWingsofGod

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Quote from: kwukduck on March 13, 2015, 10:18:25 PM

Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.

I'll give it to you since the trend has been higher lows over the average but steady drops
If the pattern breaks then we will start seeing more significant movement
As it stands now it is as others posted out a brief recline after a move upwards as the market solidifies its postion
If it goes up again then the trend is broken, if not then it needs more observation to see if its a long run repeat.

deisik

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Quote from: Mountain Jew on March 14, 2015, 05:05:19 AM

What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

No one (well, almost) here believes deep inside that bitcoin can actually make it back. So when it rallies some 50 dollars, it is considered as a miracle, but when bitcoin declines just 5, it comes as expected in an anticipation of further decline... Cool

Mountain Jew

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What's new? The price usually declines a little after a little rally. Nothing special or new to see here to be honest.

deisik

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Quote from: flyingplows on March 14, 2015, 04:22:31 AM

Can you explain why even the price has risen - I was just getting ready to buy cheap because of that recent auction of 50,000 BTC, but instead the price moved up.. Roll Eyes

I entered crypto not that long ago, but I noticed that things reflected in the news basically don't influence the price at all, it seems like some big whales are just manipulating the market to their needs and there is nothing you can predict here.. Sad

If you look at the trading graphs most of price drops happen suddenly like a stone (be it a small drop or big drop) and then trading returns to normal again, i mean its not gradual decline..

It means that the market has little liquidity relative to the amounts stashed in big wallets. And when one of these big fish finally decides to shell out, the market takes a sudden deep plunge momentarily. Then small fish begin buying up, and the price slowly rebounds...

Q7

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I looks more like price correction after the rally we have seen going on for the past week. We just have to wait and observe before drawing up conclusion. And talking about the hype concerning price decline after the auction concluded, I think overall, bitcoin is still doing very well. I expect it to stay around the current level for some time before price will again rise.

Topic: 3-5% daily decline trend is back - page 2. (Read 2924 times)