Bitcoin (BTC) shows a huge drop. What’s the Reason?

poornamelessme

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Quote from: Harrydose on August 22, 2019, 08:33:24 AM

Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. What's The Reason Behind dropdown

Source : https://www.thecoinrepublic.com/bitcoin-btc-shows-a-huge-drop-whats-the-reason/

How much time taken to recover?

If you consider -1.54% a huge drop, you really shouldn't be invested in crypto. -10% isn't out of the ordinary and a 1-2% drop is commonplace. If BTC loses half its value in a day or two, then that's a huge drop, but otherwise just ignore small movements like this.

chanler

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mulierum.com

During several days back, the Bitcoin price is very dropping. We really don't know what actually influence this. tody the price is only at $10,370.71. It really decreases so highly after can reach around almost $13k. Some reasons may happen such as the bad issues, the strategy by the whales in which they may prepare for something big will come in the future.

necromastery

sr. member

Activity: 1414

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Not a big deal for me to see it, all I believe is that the price will be higher than it is now. It looks like a small drama on the market and an opportunity for traders to make a profit. Long live the king.

santiPOGI

full member

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Every reason of price drop of every cryptocurrency and not just BTC is the demand.
There are less demand on the TOKEN/COIN which make the selling bigger to market.
This will really result to a price drop and its normal. once demand go back we will see the rise!

jossiel

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DGbet.fun - Crypto Sportsbook

There's no certain period to know on how long it shall recover.

Everyone who have noticed bitcoin rose to $10,500 and were able to sell, can start buying again at a low price. Don't be surprise everytime bitcoin drops, it's volatile and is likely to move forward or backwards.

arpon11

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Activity: 882

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Bitcoin up and down is very normal and we should not be worried when seeing a drop of 1 to 5% as it is some things that happen often. I am a trader and the up and down of the price is what makes me money. I have been trying to explain this to people and to give this warning to people. If you know that you buy Bitcoin for the purpose of holding then there is no need to be concern about the little fluctuations of pricing and the only strategy you might needs is to buy or sell at the right time but as a trader it is a different thing and if you are a professional in trading you can buy or sell at any time and what puts money in your pocket is your skills, experience, patient, and knowledge.

masterrex

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Quote from: Harrydose on August 22, 2019, 08:33:24 AM

Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. What's The Reason Behind dropdown

Source : https://www.thecoinrepublic.com/bitcoin-btc-shows-a-huge-drop-whats-the-reason/

How much time taken to recover?

IMHO!I think its a simple correction in the BTC market. When it comes on altcoins prices today it was showing some improvements. but still BTC dominance has widen the gap base in the CoinmarketCap supplied data. Altcoins price struggle will continue, till when thats the million dollars question.

jazmuzika217

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Activity: 476

Merit: 12

I think it is all about the demand and supply. That means the supply is greater than demand. And that is normal because all we know that there are so many coins that investors can have a choice to try to invest. And if we talk about recovery, my answer is no one knows when it will recover because no one can predict and no clear outline and pattern can be know when the recovery happen.

syed1213

newbie

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right now bitcoin price is a standard value of price. It is supply $185,124,411,556 & right now price is $10,343.31.
so it is good condition for market value.

andreibi

legendary

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Practising Hebrew before visiting Israel

Bitcoin is in a consolidation pattern right now. After three months of non-stop rallying from $4,000 and topping at $13,920, the price entered into a bullish pennant or symmetrical triangle. A breakout or a breakdown from this triangle will indicate the new direction of the price. Do not assign news to price movements, it's a fool's errand.

Red-Apple

hero member

Activity: 1470

Merit: 655

first of all since when does 1.5% drop is considered "huge" in any market, let alone bitcoin market where 10% is the normal thing we simply ignore? Cheesy

secondly there is no drops! there is only going sideways where price remains close to $10k and is not going up or down apart from in small increments while still remaining in the same area.

this trend is signalling the accumulation phase and the soon to follow big rise.

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: dark08 on August 22, 2019, 08:47:12 AM

Why do you worried about a small downtrend of Bitcoin?
People want to buy Bitcoin at a low price and when its dump so hard people also worried hahaha.
At this moment we already on a bullrun meaning this small dump is okay buyback if you have an extra money because it will surely pump up again dont be impatient and observe what will happen to bitcoin price.

Very well said, its confusing but it depends on the person if they want to take this opportunity or waste their time thinking what will happen next. It will test their patience and knowledge, bitcoin price has the potential to rise again but no one knows when.

r_delossa

member

Activity: 490

Merit: 10

BTC price will drop further without any doubt, but we need to wait until some whales will wish to fill their bags with BTC again. No news are affecting the market, only big trading volumes such as over 100 million buying or selling order.

thiscomm

jr. member

Activity: 224

Merit: 2

I think for BTC to return the price back is not a hard thing because seeing the popularity of BTC for now. maybe in just one week the current price can change so dramatically that the price is higher than now. a decrease of 1.54 percent is not very confusing for BTC it will be rewarded later with a higher increase by BTC developers.

dark08

full member

Activity: 798

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Why do you worried about a small downtrend of Bitcoin?
People want to buy Bitcoin at a low price and when its dump so hard people also worried hahaha.
At this moment we already on a bullrun meaning this small dump is okay buyback if you have an extra money because it will surely pump up again dont be impatient and observe what will happen to bitcoin price.

Ken_terrance

member

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Merit: 18

Making Smart Money Work

Quote from: Harrydose on August 22, 2019, 08:33:24 AM

Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. What's The Reason Behind dropdown

Source : https://www.thecoinrepublic.com/bitcoin-btc-shows-a-huge-drop-whats-the-reason/

How much time taken to recover?

People needs to stop worrying about few drops like this present market movement,bitcoin is still stable at 9k tk 10k price per one which looks great to me and stronger too,corrections will always take place and there will always be red and green in crypto market movement ao just get used to it,what im hoping for is this kind of market thread for btc to stay longer till the next halving takes place which will make the 50k price possible

Harrydose

newbie

Activity: 145

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Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. What's The Reason Behind dropdown

Source : https://www.thecoinrepublic.com/bitcoin-btc-shows-a-huge-drop-whats-the-reason/

How much time taken to recover?

Topic: Bitcoin (BTC) shows a huge drop. What’s the Reason? (Read 170 times)