It is because of the panic sellers, people are always on the fence about buying, when you buy you have to know it should be going up after you buy but when its going down you can sell and you know it will make it go down even more so you sell with more ease, so if its going down because of x reason then it goes down even more after panic sellers start to sell as well.
Bitcoin going down is quite easier compared to buying as well because when you need to buy then you need to find new money buying bitcoin but when you want to sell the orders are right there and you can just dump all bitcoin you want. Right now you need a billion dollars to increase the price by double but if you want to sell a billion dollars worth of bitcoin you can do it in half an hour in 10 different places easily. That is the reason why they are so different.
Topic: Bitcoin seems to drop faster than rises (rate of change, obviously not absolute) - page 4. (Read 1040 times)
July 11, 2019, 12:14:20 PM
July 11, 2019, 10:51:42 AM
Whales need new lambos...
July 11, 2019, 10:47:03 AM
Going up is building. Going down is running. Traditionally you can do that a whole lot faster. People run for the exits. They rarely run for the entrance. Much of the time they're waiting for someone else to set a direction.
July 11, 2019, 10:40:14 AM
More traders took advantage of the rising market trend, and daily traders broke down the silence after long bearish period. Opportunity was grabbed instantly and I guess those sellers contributed to large fluctuations lately that definitely made the price so volatile. Roller coaster ride was on it's way taking time to correct some price glitches.
July 11, 2019, 05:55:14 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.
Steeper drops are also opportunities to buy lower than usual.
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Why is this?
There's "someone good" up there who doesn't want to leave you behind.
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It seems the one predictable thing about BTC.
Then that's good. It's predictable, easier to trade/buy.
July 11, 2019, 05:34:12 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.
Why is this?
It seems the one predictable thing about BTC.
Most assets trade like that. It's not particular to the BTC market. There's an old adage about it: "The market takes the stairs up and the elevator down."
Right, so for newbie traders this is an eye opener for them, FOMO'd and then got burned easily. So they can either stay and learn from this experience and continue their journey, so simply exit. But for those who have been in this market, it doesn't surprise them at all. It is how you react and take advantage of every spike and then buying in every dip, win-win situation.
July 11, 2019, 04:21:50 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.
Why is this?
It seems the one predictable thing about BTC.
Most assets trade like that. It's not particular to the BTC market. There's an old adage about it: "The market takes the stairs up and the elevator down."
July 11, 2019, 04:13:20 AM
Nuke the whales.
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.
Why is this?
It seems the one predictable thing about BTC.
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