Bitcoin seems to drop faster than rises (rate of change, obviously not absolute)

jubalix

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Quote from: Bezobraznike on July 22, 2019, 01:03:14 PM

How is possible for someone to think that Bitcoin price drops faster, when in last 10 years Bitcoin raised 10000%? Where people see that fast drop, every time that
was only temporary, it takes time for the price to recover, but that happen eventually!
Probably price changes and how people see that are matter of perspective. Some people can see whole picture, while others see just what they want to see. I`m the
one who see the whole picture, and what I see is that Bitcoin price is rising for the last 10 years and that rise will not stop!

no I agree that it rise exponentially more over time but the rate of that rise is always slower than a rate of drop after that.

lotfiuser

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Palestine

yes i think it's due to dumping from whales and panic sell there is no panic buy but there is panic sell and that says everything and don't forgot about selling volume

Ahiaba

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Is not a new things buddy but it doesn't happen at all time though, but sometimes the way it move in an upward direction is sometimes faster than that of the downward moment. All these happen based on the market activities.

LimLims

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1xbit.com

Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

You need to understand at first, how the price of Bitcoins rises up or down.
The basic things that make this happen is the trading volume.
When the marketcap of the coin increases then price increases, and when it falls down, price too falls.
Hope you get it.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Bezobraznike on July 22, 2019, 01:03:14 PM

How is possible for someone to think that Bitcoin price drops faster, when in last 10 years Bitcoin raised 10000%? Where people see that fast drop, every time that
was only temporary, it takes time for the price to recover, but that happen eventually!
Probably price changes and how people see that are matter of perspective. Some people can see whole picture, while others see just what they want to see. I`m the
one who see the whole picture, and what I see is that Bitcoin price is rising for the last 10 years and that rise will not stop!

The OP is talking about speed and not magnitude, it is obvious that over the long term the price of bitcoin has an upwards trajectory, anyone that takes a look at the charts can understand this, what the OP is talking about is that a bull market can take a year to reach a price and then when the bears take control of the market a great deal of that progress is erased in weeks, and while the movements of bitcoin are way more pronounced than the movements in other markets this is nothing new since most markets show that behaviour.

STT

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Please never try to describe Bitcoin as slow to grow, the rate it expands is bonkers at times. However it does suffer these very harsh pullbacks also which in sum total is what stops it becoming too ridiculous on the upside. People dont realise we cant and should not go upwards at that rate or it would cause problems, its counter intuitive but we need something closer to the slow average gain expressed in 200 day moving average or similar.

Oceat

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Quote from: Vishnu.Reang on July 23, 2019, 09:05:55 AM

Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

What you had posted makes no sense at all. If it was true, then Bitcoin could have gone down heavily instead of rising from $3,200 per coin to $10,000 per coin during the last 3 months. Also, one thing I would like to point out. During the current bull rally, the spikes were always very sharp and short-lived, and the drops were moderate and lengthier in duration.

As far as i understand OP, what he/she means is that BTC is way too fast to fall yet way too slow to grow. Indeed $10,000 is the stable price support at the moment but there are times that it goes down to $9.5K and then everyone thought that it might gonna fall back again to $6K or $8K, a lot of speculation discussion was happening during that time.

Vispilio

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It's a well known feature of most financial products.

People are by default optimistic but also very risk adverse; so the natural tendency for most financial instruments is to gradually increase in price,

while the drops, precipitated by fear and panic leading to irrational activity, are typically faster and more volatile...

Zemomtum

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CitizenFinance.io

There is something that I have observed about the Bitcoin price, it always go to the other side where youtubers and crypto news speculated. At present, it might fall of the cliff and the closet range is $8500 and further to $7500. It is important to study the chart and do your own research about the price as you are going to be financially responsible for your decision.

Naida_BR

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Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

I have noticed that drops are bigger that increases as well.
In my opinion, this happens because many investors in the industry came in order to make profits and not because of the technological advancement that relies behind cryptocurrencies. Having said that, when they see a price drop the start selling immediately.

Vishnu.Reang

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Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

What you had posted makes no sense at all. If it was true, then Bitcoin could have gone down heavily instead of rising from $3,200 per coin to $10,000 per coin during the last 3 months. Also, one thing I would like to point out. During the current bull rally, the spikes were always very sharp and short-lived, and the drops were moderate and lengthier in duration.

Anonylz

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Quote from: Johnzky on July 22, 2019, 01:52:21 PM

Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Lol yet the market is still in bullishness so why bother about the dropping ?and don’t forget that we came from a $3,000 value and jumped to more than $10,000 still

Just stop Fud and we will be on the rise again mate

people seem to forget that part, not too long ago btc was trading at $3000+ but within few weeks look at the price now, sometimes i wonder what exactly people want from btc, price goes up people question it's authenticity, price dip they also question why that happen Roll Eyes

Lol! too many trolls in the crypto community Undecided

STT

legendary

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From my view the BTC price hovers in mid air so often, its like a Roadrunner cartoon. We have left the uptrend, its gone sideways and we are still at 10,000 or so. I wont be surprised if its risen on the day somehow today.

It does appear like it will fall from here but who knows

The only support I see now is the round number of 10k. I should look harder as there must be other possibles but thats the one I think mostly catches market minds for a collective buy. If we get past 10,400 it could take, if its failing to take 10,400 next time I look I will be more convinced it must go further down. 9,200 would be an old target to first visit

Wind_FURY

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Quote from: veleten on July 22, 2019, 03:31:09 PM

Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

it is not only natural for bitcoin , take any traded asset and you will get same or similar patterns
the rise is a gradual build up , while the drops are usually panic sales or triggered by negative news
while human greed is a powerful emotion ( FOMO, buying,price goes up ) , fear is way more powerful ( panic , sell , price goes down )
but if you check the charts, bitcoin is increasing its price and is one of the best performing asset to invest in

You want to see what's "natural" for Bitcoin? Zoom out your chart to all-time view. See that it's going to 6 digits. Debating everyday about the price today will just confuse you. If you want to do something about it, then buy the dip and HODL. There's another opportunity coming to buy under $10,000 again. Cool

veleten

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Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

it is not only natural for bitcoin , take any traded asset and you will get same or similar patterns
the rise is a gradual build up , while the drops are usually panic sales or triggered by negative news
while human greed is a powerful emotion ( FOMO, buying,price goes up ) , fear is way more powerful ( panic , sell , price goes down )
but if you check the charts, bitcoin is increasing its price and is one of the best performing asset to invest in

Johnzky

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Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

Lol yet the market is still in bullishness so why bother about the dropping ?and don’t forget that we came from a $3,000 value and jumped to more than $10,000 still

Just stop Fud and we will be on the rise again mate

Bezobraznike

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Activity: 1274

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★Bitvest.io★ Play Plinko or Invest!

How is possible for someone to think that Bitcoin price drops faster, when in last 10 years Bitcoin raised 10000%? Where people see that fast drop, every time that
was only temporary, it takes time for the price to recover, but that happen eventually!
Probably price changes and how people see that are matter of perspective. Some people can see whole picture, while others see just what they want to see. I`m the
one who see the whole picture, and what I see is that Bitcoin price is rising for the last 10 years and that rise will not stop!

creeps

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Quote from: ?? on ??

I think this is a natural thing. more people are easily panicked than they are for now. however, the price of bitcoin has a long enough process to rise, and is stable. however, it only takes a few days to dump. it's just that, there is a moment where the price of bitcoin also rises so fast.

It depends on the momentum of bitcoin, if its uptrend then we can see a spike with the price and if there’s a panic, people will take profit as fast as they can. Bitcoin will go up on a long process, we have more time to accumulate. A slow pump is better than a fast pump and then drop unexpectedly and stay on that level.

pixie85

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Slow climbs and fast steep falls are normal for stocks and for bitcoin. It's all as it should be here. It doesn't matter how fast it falls but that it always stops higher and forms a higher low on the charts every time it goes into a bear market cycle and forms a higher high in every bull cycle.

Bitcoin is a very healthy stock if you look at the chart from the last 10 years.

davis196

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Quote from: jubalix on July 11, 2019, 03:30:03 AM

It seems to me that while BTC clearly goes up over time, the drops seem much more steep eg x 2 or 3 than the rises almost always.

Why is this?

It seems the one predictable thing about BTC.

This price pattern can be seen in almost every asset that has a limited supply.Real estate properties in some specific locations can also have the same market price patterns.
The FOMO hype is always building slowly,while the panic selling comes always faster and has an instant effect.

Topic: Bitcoin seems to drop faster than rises (rate of change, obviously not absolute) (Read 1040 times)