Bitcoin price falls why?? - page 2. | Bitcointalksearch.org

michellee

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Quote from: sixtyonefourfive on July 11, 2019, 03:16:09 AM

Quote from: michellee on July 11, 2019, 03:13:54 AM

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

How can you say that? a double top on the bitcoin chart is an extremely bearish signal. This means bitcoin will go lower and altcoins will now rally.

I am not sure if the price is at the bearish right now although the price is still at the low price, same as yesterday. But if you check on the chart, you will see that the price trying to increase, and I think we will going to see a new higher price in the next week. But if the price is going to go down again, then we will see the price will reach the bottom and then it will bounce again.

Coyster

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Quote from: Linkkoin on July 11, 2019, 10:41:12 AM

We will see that many times during this bull season - a whale selling 10000 BTC in a single transaction to push the price down by 10-15% and buy lower.

While this may be true, it may not entirely or even be part of the reasons why bitcoin is currently falling at the moment.
The impact or effect of whales seems to be one very common excuse for bitcoin drop in price amongst enthusiasts.

But even before we came to know about whales, and that's even if they actually do exist, the coin has always been volatile, one minute it's up and in 24hrs we can experience as high as 10% drop, it's nothing to fidget about.

Just remember to always pull out when you've actually reached your target profit, or else just hodl on.

zenhu

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Its like old time when bitcoin just hit higher price in a year it will be correction until 20% i guess then usually it will recover but not much, about 10% from low price. In every currency that not always grow up or fall down, always update news regarding currency that you trade on to know why it happen.

ubay

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Bitcoin will always experience price rises and falls, because that's how the ecosystem is. In contrast to FIAT or other stocks that require a long time for fantastic price changes.

Alert31

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Of course bitcoin price fall because it is not stable,bitcoin is volatile, the reason why people like it because they can earn more profit from bitcoins volatility. And i think there is no need to worry about the price drops of bitcoin because it will go up again. The demand and supply are the main factor regarding price movement of bitcoin and other currency.

roosbit

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AFAIK usually these pullbacks are caused by

the usual price corrections
traders selling more of the coin than the can buy...keeping crypto in the red
possibly someone trying to manipulate the btc price with their huge stash of coins

But from what I found the recent pullback is being speculated that it was apparently caused US Federal Reserve chairman's remarks and I find it weird we are always out looking for a reason why something happened.

Added snippet and link below for more info about this story
https://www.coindesk.com/bitcoin-price-drops-2k-in-24-hours-but-bull-view-still-intact

Quote

Media outlets have associated the sharp pullback with the US Federal Reserve Chairman Jerome Powell’s comments that Facebook’s cryptocurrency Libra “cannot go forward” until serious concerns regarding privacy, money laundering, consumer protection, financial stability are addressed.

While there is no concrete evidence to link bitcoin’s drop with Powell’s comments, the price action does paint a picture that indicates the sell-off was triggered by Powell’s remarks.

Linkkoin

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We will see that many times during this bull season - a whale selling 10000 BTC in a single transaction to push the price down by 10-15% and buy lower.

Artemis3

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Quote from: kryptqnick on July 11, 2019, 10:27:35 AM

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

I'd even say that it's great that the price went down! It's a lot better strategically if Bitcoin goes up and then a small correction follows before it takes another step forward. At least, this way Bitcoin is able to move forward in a slow and safe way. If the price does not go down from time to time, there's a great chance it will drop down so much after a fast rise, that we are going to see another bearing year. IMO 10-20% fluctuations with Bitcoin are just something we should get used to. Not to mention how convenient and beneficial they can be for traders.

Correct, otherwise the pressure will build stronger and bounce the other way harder. But of course, some traders will make a fortune

The slower the better.

kryptqnick

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Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

I'd even say that it's great that the price went down! It's a lot better strategically if Bitcoin goes up and then a small correction follows before it takes another step forward. At least, this way Bitcoin is able to move forward in a slow and safe way. If the price does not go down from time to time, there's a great chance it will drop down so much after a fast rise, that we are going to see another bearing year. IMO 10-20% fluctuations with Bitcoin are just something we should get used to. Not to mention how convenient and beneficial they can be for traders.

Bitcoinqubit

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Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

do you know what is selling rate?Huh??

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

Bitcoinqubit

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Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

do you know what is selling rate? Huh

??

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

Artemis3

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Quote from: NeuroticFish on July 11, 2019, 12:21:35 AM

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

I am not scared, at least not yet. For many traders a 10-20% gain is already wonderful and they are cashing in then maybe repeat. I think that something like that happens for now.
If it'll fall again under 10000$ I may not like it though...

If this happens it is quite normal (as you correctly said), you don't need to worry, the lower it goes the more pressure it will build for a recovery. It works both ways, it just went up too fast, it had to correct. You have to look at the long term curve, which should be more or less logarithmic, since the inception of bitcoin until maturity. (ie. 50~100 years). It's been a mere 10 years

CryptopreneurBrainboss

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Quote from: NeuroticFish on July 11, 2019, 12:21:35 AM

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

The $13k+ price range don't have enough support for now that's why bitcoin keep crashing down or (to use a more appropriate word) retracing below that price range then it get followed by a panic sell from active traders & emotional investors pushing the price further down that's why we're seeing loss of value resulting to two digit percentage indicated by OP.

I don't follow the price movement so can't remember the last time I checked the price of one bitcoin. If most individuals can do the same we'll reduce the rate at which the price falls further after a sudden correction.

bering

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It was happened several times in this year that bitcoin can be pumped or dumped more than 10% in the same day but according to the previous movement then the price should be can recover back although this is not guarantee will always same moves however buy back might be good as the price still low

enogheghase123

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what ever the trend or direction bitcoin may go is not a threat to investors or bitcoin holders, we have seen bitcoin rose from 3300usd to 9000usd within a couple of days, so why cant we ave that believe in bitcoin to reach 20000usd by december 2019? lets have faith and avoid spreading panic.

valentin68

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Look at this chart at 1 month (click 1M). Make the chart a line (click line, the 8th symbol above the chart).
https://www.investing.com/indices/investing.com-btc-usd-chart
Have on the chart the Boliger Bands indicator (BB 20,2).

The price is approx 11500 USD/1 bitcoin. The upper band is situated at 2 sigma from the average. In 1 sigma from the average 68% of the events happen. In 2 sigma 95% of the events happen.

The price will go up until it will impinge in the upper band with approx 2.5 sigma distance from the average. Then the price will start to decrease until it will be somewhat higher than the average. Then it will bounce and start to go up (to increase) until it will impinge into the higher band with approx 3 to 3.1 sigma.

I can be mistaking, and the price go up to approx 500 000 USD

elda34b

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Quote from: sixtyonefourfive on July 11, 2019, 03:16:09 AM

How can you say that? a double top on the bitcoin chart is an extremely bearish signal. This means bitcoin will go lower and altcoins will now rally.

If Bitcoin skydive further, I think alts won't stand a chance to go up. Bitcoin must stabilize first in order for alts to grow and skyrocket like in the 2017.

sixtyonefourfive

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Quote from: princesspoppy on July 11, 2019, 03:09:41 AM

The market is making a correction after a pump. It happens every time. Some traders made profits after this pump and that is the reason why the market is having corrections, but don't worry, the market will recover. It will surely will.

Its a double top with a rejection, meaning altcoins will rally hard now.

1982dre

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Well doesn't we see this happens everytime? The price is fluctuating the whole time and I doesn't see the need to make a new topic everytime the price drops.

princesspoppy

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The market is making a correction after a pump. It happens every time. Some traders made profits after this pump and that is the reason why the market is having corrections, but don't worry, the market will recover. It will surely will.

Topic: Bitcoin price falls why?? - page 2. (Read 883 times)