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Topic: Bitcoin crashes Roughly once per quarter (Read 686 times)

member
Activity: 84
Merit: 10
November 26, 2017, 02:50:35 AM
#34
In this "crashes" if you consider it as one there are significant events that happened before the price went down, Mostly it was because a FUD was released against Bitcoin but you will notice that the price recovered right after and it always exceed the previous price before the "crash".
sr. member
Activity: 616
Merit: 252
November 26, 2017, 12:05:41 AM
#33
Actually is not a crash but more of correction,the reason why the price go down is because the price going up too fast, usually is cause by a bunch of people buying bitcoin or a short term to get profit, so it's kind of pumping, this action is very common

During this correction, its the good time to buy bitcoin. Well there is a market cycle so it is not surprising that from time to time there is a correction because if a currency always go up, it will crash hard that's why when there is a buyer exhaustion, price goes down and then accumulation begins and later on price pumps again. Those who are in the crypto market for a long time can already speculate where the price might go while some of the newbies always panic when the price goes down resulting to a sudden drop in price. When it comes to trading cryptocurrencies, it is a roller coaster ride.
legendary
Activity: 1666
Merit: 1001
November 25, 2017, 08:29:05 PM
#32
Actually is not a crash but more of correction,the reason why the price go down is because the price going up too fast, usually is cause by a bunch of people buying bitcoin or a short term to get profit, so it's kind of pumping, this action is very common
sr. member
Activity: 336
Merit: 250
November 25, 2017, 07:24:17 PM
#31


One thing is common on these price drop, after each of these drop the price will go higher than the price before it dropped. It really makes me thinks that these "crash" is somehow created by several people in order for them to invest more in bitcoin.

Only once per quarter? So that means I can buy Bitcoin only 4 times a year? That is very disappointing. Sad

But DaMut, player514. The graph does not consider how fast Bitcoin recovers after every "crash". They are actually crashes, but Bitcoin's quick recovery makes them look like corrections.


The problem is that bitcoin can lose 20% of its value one day and recover the next, so even those 40% decreases in the price are just a few days of loses to bitcoin that is why I do not consider anything below 50% lose in value to be a crash, this may seem to high for many but it is the only way to distinguish the real crashes from the corrections that do not last long.

Yes it is really hard to determine if when will the price go down or if it will still recover and on what price will it stabilize.
member
Activity: 210
Merit: 10
November 25, 2017, 05:35:22 PM
#30
Bitcoin crashes Roughly once per quarter

It crashed way more times this year then just 4 times.

Crashing is part of fluctuations created by the time dumps happend and we cannot prevent that to happen. Most of the investor specially those with weaker decision might be losing control and immediately sell their hildings when needed. That makes the bitcoin price volatile in an unpredictable ways.
hero member
Activity: 3024
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November 25, 2017, 04:29:22 PM
#29
Don't call a small dip as crash, like what happened last time that we've been through $8,200 down to $7,700. That's not a crash, it's just a correction. Don't think that when the price of bitcoin is getting down, don't call or think it's on a crash. Crashing will lead bitcoin down back to 3 digits.

I believe a dip that high can be considered a "mini crash" for some tradional market analysts. If the same happened to a stock market index, they would start making up bearish scenarios on why it happened.

In the Bitcoin world, we are so used to high volatility that a dip like that is an opportunity to buy.

Exactly, we don't treat such "mini crashes" nor corrections as something that is very negative. This makes us more greedy though because we are having a very nice way to get in again and this makes everyone encourages to buy more. And it's like a norm already that when there's a dip, everyone considering it as buying time.
sr. member
Activity: 882
Merit: 269
November 25, 2017, 03:23:08 PM
#28
We have corrections time to time and clashed in bitcoin price only happens in 2011 and 2012 since then we have never witnessed any major clashed in bitcoin pricing. We should know that corrections create opportunity to buy an assets at a cheap price including bitcoin and others cryptocurrency and we should not see corrections as a problem, as price cannot continue going up. As at the time of making this post bitcoin price is above $8,700 and maybe by tomorrow morning a little correction will happen that will pull bitcoin price close to $8500 and from there the market will gather strong momentum to break $9,000.
sr. member
Activity: 588
Merit: 251
November 25, 2017, 03:16:11 PM
#27
Yes that's true and this always occur when there is an upcoming bitcoin fork, and after the fork the price shuts higher than it was.
hero member
Activity: 672
Merit: 526
November 25, 2017, 03:11:09 PM
#26
Just buy the dips!
When you have hard times to catch the bottom then just average in.
We know the big money is coming in the next 12-24 months. Being in before the Wall Street guys is a chance you only get once in your life. And that's now, with Bitcoin the case!
So everytime when Bitcoin goes down, check the markets and listen closely!! Then buy and HODL!

Or buy, sell and then buy again. The only thing you can never do is go out of the market. Everyone that has bought one Bitcoin should never stay again without any Bitcoin. It is a pact forever. But you could use some after you make some profit or is in doubt about to where the price will go in the short term.
sr. member
Activity: 476
Merit: 254
November 25, 2017, 01:38:12 PM
#25
Everybody who is knowledgeable about the workings of bitcoin knows that its normal for price to drop which has never fail to happen. What I see here is not an analysis rather its a trend because bitcoin price will surely fall and it will happen at some point in the year what the chart does is now to put it in quarter which is still what is happening. I would be more interested if it can predict the exact time in the quarter when the fall will happen. Aside that, I see no further exposition this is talking about.
legendary
Activity: 2730
Merit: 1288
November 25, 2017, 12:00:31 PM
#24
Bitcoin crashes Roughly once per quarter

It crashed way more times this year then just 4 times.
legendary
Activity: 1442
Merit: 1016
November 25, 2017, 05:12:00 AM
#23
Just buy the dips!
When you have hard times to catch the bottom then just average in.
We know the big money is coming in the next 12-24 months. Being in before the Wall Street guys is a chance you only get once in your life. And that's now, with Bitcoin the case!
So everytime when Bitcoin goes down, check the markets and listen closely!! Then buy and HODL!
legendary
Activity: 2898
Merit: 1823
November 25, 2017, 12:41:18 AM
#22
Don't call a small dip as crash, like what happened last time that we've been through $8,200 down to $7,700. That's not a crash, it's just a correction. Don't think that when the price of bitcoin is getting down, don't call or think it's on a crash. Crashing will lead bitcoin down back to 3 digits.

I believe a dip that high can be considered a "mini crash" for some tradional market analysts. If the same happened to a stock market index, they would start making up bearish scenarios on why it happened.

In the Bitcoin world, we are so used to high volatility that a dip like that is an opportunity to buy.
hero member
Activity: 588
Merit: 500
November 25, 2017, 12:10:01 AM
#21


In days of pumping people seem to forget about how deadly dumps can be as well. And the funny thing is many people feel a lot more comfortable with buying at the peaks than buying at the troughs. It's funny how people have a short term memory.

Anyways, this chart is an excellent illustration of why you always want to buy at the dip.

You could be easily getting coins at a 30% discount or whatnot, instead of buying at the absolute highest price and be left to hold your bags for years to come.
hero member
Activity: 952
Merit: 513
November 24, 2017, 10:45:39 PM
#20


Exactly, if you analyse the trades you will be able to spot some pretty obvious telltale signs of cycles going on.

Each pump starts up by having a slow accumulation stage where the price doesnt' really go anywhere, but rather goes sideways a lot. Then, that sideways movement is followed by one pump, and then price is going up every single day until a bust.

That bust is usually caused by FUD, meaning price recovers around a week later and the cycle restarts.
full member
Activity: 266
Merit: 110
November 24, 2017, 05:54:08 PM
#19
thank you very much for the graph, it's very informative. however i would hardly call -30% a crash as it's measuring the absolute highest and lowest points whch are unlikely to be representative of the actual buying / selling price of most trades
hero member
Activity: 3024
Merit: 745
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November 24, 2017, 05:29:36 PM
#18
Don't call a small dip as crash, like what happened last time that we've been through $8,200 down to $7,700. That's not a crash, it's just a correction. Don't think that when the price of bitcoin is getting down, don't call or think it's on a crash. Crashing will lead bitcoin down back to 3 digits.
hero member
Activity: 728
Merit: 500
November 24, 2017, 05:16:52 PM
#17
Crashes are a necessary thing if we talk about crypto's, stocks, bonds, commodities, they all are in to the same pack. If there would not be crashes into the prices, nobody would buy more of them because it means that the price will never tell us when to buy.

And this has been the same since the first times in when things started to be tradeable, and i am talking about a few centuries ago.

I dont think that it is going to crash soon, but look at the charts, it really crashed by more than 25% on november 12, there is a huge chance that we are going to have a new crash in a few months from now, but there is still some time to make profit from bitcoin, i would not be worried about this, because i trust in bitcoin.
hero member
Activity: 1484
Merit: 535
November 24, 2017, 03:30:42 PM
#16
A lot of people thinks that bitcoin crashes are a bad thing, but no, they are really needed because without them we would never know if the price is going to go up as soon as possible.

People think that it is a bad thing because they dont want to see a red number on their portfolio, but all the altcoins and cryptos are ALWAYS going to go up again, and there is no doubt with it, because there is everytime more people investing on it.

I will never lose my fait on cryptos, and that is the main reason of why i would never stop believing on it, and everytime that there is a crash, i keep buying more because i know that it is really going to go up again.

It is always like a real cycle.
legendary
Activity: 1232
Merit: 1091
November 24, 2017, 03:27:17 PM
#15
In other words, anyone that hasn't bought every dip has been panic selling and therefore losing money. It's better that you trust that these things will keep happening, and instead of panicking, buy the dips.

Most of the people have no clue about what a short term dip is, and for that reason won't be able to take advantage of them. On top of that, people more often than not buy Bitcoin with their entire investment capital at once, and for that reason have no funds left to benefit from potential dips. In the same way, if they secure profits, or just sell in panic, they dump everything they have at once. Other than that, people have been waiting for a crash to happen for quite a while now, and it still didn't come through. Maybe that we'll see it happen slightly under the $10,000 level or above that, but even that might not hold much value in the end.
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