Heavy fluctuations | Bitcointalksearch.org

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: traderperspective on November 30, 2017, 02:21:56 PM

What do you think the latest days big fluctuations are due to?

Are you new to Bitcoin? We're in the middle of parabolic rally, or one of Bitcoin's periodic "bubbles." I remember once during the late 2013 rally, the price dropped 60% (from $900 to $360) in a single day. The price then recovered and made new all-time highs.

That's the nature of this kind of growth: extreme volatility. If you are new to these markets, it will definitely feel exhilarating and scary. Be very careful with leverage. You should also be wary of panic selling. It's a good way to lose your coins!

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: aardvark15 on November 30, 2017, 02:35:36 PM

Quote from: traderperspective on November 30, 2017, 02:21:56 PM

What do you think the latest days big fluctuations are due to?

The price of Bitcoin rose too fast and many investors wanted to cash in profits. Traders tend to sell when the price spikes up high and will then buy back when the price dips back down. This is how they make profit from trading.

I’m sure there are others that were alarmed by the huge price increase and expected a correction so they just took their profits.

Volatility is very common with cryptocurrencies. We see this happen quite often and fortunately the price of most of the major cryptocurrencies will eventually recover.

Most of the cases in cryptocurrencies is really unpredictable and with that scenario after volatility happens usually at dumping stages like decrease of the price value, price is really recovering back to a much higher price compared from its current price. For now we will notice bigger fluctuations which you cannot prevent to happen, because more investor will dump at this current state at profitable price value that will provide bigger amount of money to quick traders. After all those on waiting investors will also invest their money when bitcoin price fluctuates to lower percentage of the price, then hold again for another future increase.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: traderperspective on November 30, 2017, 02:21:56 PM

What do you think the latest days big fluctuations are due to?

The price has gone too up so fast that traders and the whales will like to take profits from the volatility. now is another right time to buy bitcoin as prices is currently below $9,700. the morning star candlesticks formations is a signal that reverse is about to happen and this time around bitcoin will touch $15,000 before another serious corrections. Hope you understand the game as is being playing out by the traders who are professionals in this field.

buxlover

full member

Activity: 224

Merit: 100

Quote from: traderperspective on November 30, 2017, 02:21:56 PM

What do you think the latest days big fluctuations are due to?

You call this as heavy fluctuations ? No man. Heavy fluctuation would be bitcoin going down all the way down to 5k or 7k and that is too over the course of two to three days. Whatever is happening at this stage is just the market correction and it was already published over the forum in many thread earlier. This week is transition between the last month and the year end closing in hot. So this will lead the people in ambiguity to grab more and more profits and also many of them are selling at this rate becaus they might be wanting the money for Christmas and may not want to loose it by holding until the Christmas hits the door. It’s good that we are seeing so many downs, it gives opportunities in crypto market to buy even more and wait and watch the price rise. Hopefully this will go smoothly in the month of December and new year comes up front with crypto lovers blessing and profits obviously. Fluctuations are good.

DaMut

sr. member

Activity: 1274

Merit: 263

There are a lot of reason behind this move and some of them are manipulation from the whales.
for example :
lately we heard about Bitcoin listing in CME group's futures.
many people believed that Bitcoin will get known by people wordly.
also some countries trying to regulate their exchanges which mean they're trying to control their citizen and people plus at the same time they're trying to accept it in their country.
that was the some reasons why would bitcoin can move this way(upward movement).

and the reason behind this dump due to target and strategy,
if you're here this month you will see a lot of people talking about $10.000 marks and target until the end of this year,
but a few days ago we're reaching it and even surpassing it.
many people tried to cut their profits and them who is buying it at the peak trying to cut their losses.
which lead us a massive huge down for the moment.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: traderperspective on November 30, 2017, 02:21:56 PM

What do you think the latest days big fluctuations are due to?

The price of Bitcoin rose too fast and many investors wanted to cash in profits. Traders tend to sell when the price spikes up high and will then buy back when the price dips back down. This is how they make profit from trading.

I’m sure there are others that were alarmed by the huge price increase and expected a correction so they just took their profits.

Volatility is very common with cryptocurrencies. We see this happen quite often and fortunately the price of most of the major cryptocurrencies will eventually recover.

traderperspective

member

Activity: 94

Merit: 10

What do you think the latest days big fluctuations are due to?

Topic: Heavy fluctuations (Read 256 times)