any reason for this biggest drop? | Bitcointalksearch.org

Distinctin

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Quote from: Freny250 on July 27, 2019, 03:25:23 AM

We need to learn that this is a common trend in crypto, after a pump we should always be aware that there will be correction. Sometimes it can be a minor or major correction, either that happen should not cause panic

Everyone should, but even if some people are aware of the trend, they still sometimes got disturb especially when they panic.
As a trader, it's necessary that we know the reason behind of very significant price movement so we can do the right decision making, market is volatile and we know that but investing blindly would minimize our chances of success in the long run.

Mame89

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This is the thing that should be understood by all users or cryptocurrency traders that the decline that occurred is not something that needs to be feared or something that is big to increase in looking at a trend of this sharp decline. because this is the nature of the cryptocurrency itself which is indeed fluctuating where not everyone can read the direction of the movement.

juperos

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There are no satisfactory reasons here. This is the market cycle and you should be familiar with it. The market is always growing fast and falling rapidly because of the impact of whales. It is also an opportunity for traders.

Freny250

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We need to learn that this is a common trend in crypto, after a pump we should always be aware that there will be correction. Sometimes it can be a minor or major correction, either that happen should not cause panic

makishart

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Quote from: Bitcoin Seller on July 26, 2019, 12:13:10 PM

Quote from: Muzika on July 25, 2019, 12:34:50 AM

This is a common thing happening in the market, when the market price goes up in a quick manner those holder with a small amount will sell because that is their chance to do it therefore the price will do corrections and will goes up slowly.

Some people started to explain the fall of the market by the temporary closure of Coinbase, located in San Francisco. Being one of the most popular exchanges, it affects the crypto world. However, no one knows the true reason for it. Bitcoin has lost over 3 thousand in the shortest period, but this fact cannot be the reason to say that the bears have returned.

After this shaking, the market will be recovered.

But on that time the situation got even worst with the tweet that already made by trump about bitcoin. When there was a bad news and more bad news will come to give more pressure to the market but this time the price of bitcoin is very stable because there was no a good news has come.

elisabetheva

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Quote from: Devotionless on July 24, 2019, 10:18:10 PM

This stuff is a lot of psychology.. need to get rid off so e more weak hands beford the rocket can take off.

I think what you are saying is the reality that is happening now, but this is not unusual because the decline that occurs is still above the average which is still in the best movement. we can be sure this will pass by itself.

barbara44

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Quote from: alan2here on July 24, 2019, 09:09:13 PM

Quote from: Mr.Zero on July 24, 2019, 11:54:48 AM

I think this is normal because Bitcoin is too fast to touch the current bullrun, real bullrun will occur in 2021.
Bitcoin fell because it was not the time to go up and the previous rise was only a market correction.
we must understand if cryptocurrency has a phase phase between 4 years.

I agree with you . This market needs time to start the new uptrend and should choose to be patient during this time because I believe that 2021 will be an important time for the market to rise again. Now the value of Bitcoin has a big improvement, but in general we cannot escape the bear market and there will certainly be more adjustments in the near future.

2021? Did you just pick this year out of the blue moon, what are the signs that you see that made you not suddenly sift from bull run of 2020 to be 2021 because these has been the most popular year that I have seen people predict bitcoin to go on bull run even before bitcoin went in this current bull run, which is why many was so surprised at the way bitcoin made that sudden change and started surging in value from the first week of April, so right now, bitcoin movement cannot be completely predicted.

We never expected bitcoin to even have gotten this far, and this current value was actually predicted by me to be end of the year, so I believe that there is still more time for altcoins and bitcoin to grow by next year after the halving of bitcoin that is due for 2020.

Bitcoin Seller

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Quote from: Muzika on July 25, 2019, 12:34:50 AM

This is a common thing happening in the market, when the market price goes up in a quick manner those holder with a small amount will sell because that is their chance to do it therefore the price will do corrections and will goes up slowly.

Some people started to explain the fall of the market by the temporary closure of Coinbase, located in San Francisco. Being one of the most popular exchanges, it affects the crypto world. However, no one knows the true reason for it. Bitcoin has lost over 3 thousand in the shortest period, but this fact cannot be the reason to say that the bears have returned.

After this shaking, the market will be recovered.

playboy654

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Quote from: stadus on July 26, 2019, 02:07:50 AM

Quote from: playboy654 on July 26, 2019, 01:53:24 AM

Quote from: PolinaCryptoN on June 27, 2019, 03:47:20 PM

This is drop when you see it in the short time frame but can you just see monthly or more time frames then you can understand this is just correction due to huge increase on the price over the past few months.

That's not the picture currently, price now are way lower as bitcoin has finally dump again below $10,000, but this a correction of course, soon there will be a trend to rise again.

RIght,if OP see the current 7 days graph then he can't say there is huge drop because still price of bitcoin floats around $10K

stadus

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Quote from: playboy654 on July 26, 2019, 01:53:24 AM

Quote from: PolinaCryptoN on June 27, 2019, 03:47:20 PM

This is drop when you see it in the short time frame but can you just see monthly or more time frames then you can understand this is just correction due to huge increase on the price over the past few months.

That's not the picture currently, price now are way lower as bitcoin has finally dump again below $10,000, but this a correction of course, soon there will be a trend to rise again.

playboy654

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Quote from: PolinaCryptoN on June 27, 2019, 03:47:20 PM

This is drop when you see it in the short time frame but can you just see monthly or more time frames then you can understand this is just correction due to huge increase on the price over the past few months.

lixer

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Quote from: didzi on July 24, 2019, 09:26:06 AM

Quote from: ?? on ??

Price is still relevant in my viewpoint, however crypto market correction because of sell with profit taking. That is the reason this happens, people have realized its now. So Don't bind yourself, such of ups and down rather keep going with the stream.

well,, in my opinion this is normal,
i think a corrections will make the market healthier

and i hope this corrections will not continues, just like the last year my friend
because a lot of people didn't have enough confidence because of their experience in bear market last year

Nothing to fear, it is certainly not going to continue, most corrections are usually temporary, and this type of correction is one that will lead to a more increase in the price of bitcoin, I guess the experience you were talking about was the one we all had after the bull run, and that one was as a result of the all-time high we had reached which made whales and many other investors dump their coin.

We are in another bitcoin uptrend and we are yet to see another bull run fully that will lead us to another new all-time high for this dip to continue to bear market. I am certain that within the next few weeks, you will see that we will break the barrier of $15k, and the moment we break that barrier, it will be certain that we will be heading towards another new all-time high.

Greatchu

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That's correction on going and it won't be the last anytime soon,you can see that altcoins aren't surging yet even after few corrections so I think bitcoin corrections will keep happening till altcoins are getting advantage from bitcoin

freedomgo

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Quote from: Muzika on July 25, 2019, 12:34:50 AM

This is a common thing happening in the market, when the market price goes up in a quick manner those holder with a small amount will sell because that is their chance to do it therefore the price will do corrections and will goes up slowly.

They do easily react on what is happening, as if it has not happen in the past, and as if this market is not volatile. SMH...
Market is speculative, that's the main reason, people got hype and people got FUD.
Maybe let's look at the long term potential, volatility is good for day traders only.

Muzika

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This is a common thing happening in the market, when the market price goes up in a quick manner those holder with a small amount will sell because that is their chance to do it therefore the price will do corrections and will goes up slowly.

Devotionless

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This stuff is a lot of psychology.. need to get rid off so e more weak hands beford the rocket can take off.

alan2here

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Quote from: Mr.Zero on July 24, 2019, 11:54:48 AM

I think this is normal because Bitcoin is too fast to touch the current bullrun, real bullrun will occur in 2021.
Bitcoin fell because it was not the time to go up and the previous rise was only a market correction.
we must understand if cryptocurrency has a phase phase between 4 years.

I agree with you . This market needs time to start the new uptrend and should choose to be patient during this time because I believe that 2021 will be an important time for the market to rise again. Now the value of Bitcoin has a big improvement, but in general we cannot escape the bear market and there will certainly be more adjustments in the near future.

disconnectme

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It is funny when you see people need explanation for everything that happens to price, and again most people think the price should keep going up forward without correction, the direction of a price could be upward but it can never be linear, so get use to this.

Mr.Zero

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I think this is normal because Bitcoin is too fast to touch the current bullrun, real bullrun will occur in 2021.
Bitcoin fell because it was not the time to go up and the previous rise was only a market correction.
we must understand if cryptocurrency has a phase phase between 4 years.

michellee

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Quote from: ?? on ??

Price is still relevant in my viewpoint, however crypto market correction because of sell with profit taking. That is the reason this happens, people have realized its now. So Don't bind yourself, such of ups and down rather keep going with the stream.

well,, in my opinion this is normal,
i think a corrections will make the market healthier

Yes, that is normal, but the market drop is because people are worry and panic to see the price is down in the day, so they think that the price will get down too deep. So they are selling their bitcoin instantly and not think that the down of the price is only for temporary and the price will be increased again. If they still do that, it only makes the price getting down deeper than the price before. Besides that, it will make the price hard to increase to the last higher price.

Topic: any reason for this biggest drop? (Read 938 times)