Is the current price drop considered a normal phenomenon? - page 2.

FasTroy

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Quote from: RamBahadur.Gurung on July 02, 2017, 12:43:33 PM

Quote from: cpfreeplz on July 01, 2017, 09:40:32 PM

Of course it's normal. Why listen to some amateur on YouTube when you can just look at the graphs for yourself? Lots of cryptos go up 100%, down 25%, up 80%, down 30%. It's the nature of the beast. We're still so new and so volatile.

The problem is that Bitcoin can't be considered as that new. It is 8 years old as of now, and we expect some sort of stability to reflect in the exchange rates. There are a lot of cryptos which can go up or down 80% a week, but Bitcoin is not one of them.

Bitcoin is too strong cryptocurrencies it's impossible for it to fall with 80%, which i think it's a high percent. Even in the worst situations on in correction time it fall 20-25% no more. You said that 8 years is too much, I don't think that is too much for bitcoin, Now is the beginning of this crypto, don't panic and invest in it.

RamBahadur.Gurung

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Quote from: cpfreeplz on July 01, 2017, 09:40:32 PM

Of course it's normal. Why listen to some amateur on YouTube when you can just look at the graphs for yourself? Lots of cryptos go up 100%, down 25%, up 80%, down 30%. It's the nature of the beast. We're still so new and so volatile.

The problem is that Bitcoin can't be considered as that new. It is 8 years old as of now, and we expect some sort of stability to reflect in the exchange rates. There are a lot of cryptos which can go up or down 80% a week, but Bitcoin is not one of them.

Sarah08

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Quote from: Bitcoin Guy on June 27, 2017, 10:09:11 AM

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment. Many Youtubers said that this is normal in the cryptos space, are they correct? I am not in this market long enough to understand this. Huh

I already noticed but no one know but ee all know that sometimes the coins or cryptocurrency price in the market is always going up and down but we know that this time its really different because its ready go down a lot so its hard to unnoticed when you see your investment in a danger.

crazyivan

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The first think you need to learn if you want to survive in crypto space is that real investors re INCREDIBLY patient!

Knowing this, there s no point paying attention on day to day price change or even two weeks trend. Bitcoin and crypto is a long term game, just hold and you ll reach profit zone in a period of couple months, maybe a year.

Just don't become a weak hand and sell, in that case you lose 100%.

garet

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Quote from: LouVandetta on July 01, 2017, 09:29:15 PM

We should also focusing on the trend, is it uptrend or downtrend.

Great point. While the market has had a tough week or so, most coins are still on a massive uptrend YTD

cpfreeplz

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Of course it's normal. Why listen to some amateur on YouTube when you can just look at the graphs for yourself? Lots of cryptos go up 100%, down 25%, up 80%, down 30%. It's the nature of the beast. We're still so new and so volatile.

LouVandetta

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It is a normal thing.

Price drop is a common thing in bitcoin.
When price goes down, it's only a matter of time till it goes up again.
And we as traders takes profit from it.
We should also focusing on the trend, is it uptrend or downtrend.

South Park

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Quote from: Tamilson on June 30, 2017, 08:29:34 PM

Quote from: BitFinnese on June 30, 2017, 12:12:54 AM

Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.

Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc.

Volatility is great for traders, not so much for investors, investors prefer a slow growth rather than the wild swings we see once in a while but for the traders cryptocurrencies are like a dream come true, thy can earn as much as they possibly can with those pumps and dumps, and since crypto currencies are mostly unregulated markets then they can do anything they want without bad consequences.

btccashacc

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Quote from: Tamilson on June 30, 2017, 08:29:34 PM

Quote from: BitFinnese on June 30, 2017, 12:12:54 AM

Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.

Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc.

Yup this is an opprtunity for us as traders to make the profit, but it could be somewhat painful man if you're holding a lot of bitcoins and see the price goes down, even though the price goes down little bit. For now, volatility is such a nature for the bitcoin so I must confess that it's a normal phenomenon, some people might say that volatility is bad but as we can see many people take advantage of it, anyway I've been told by some people that price would be down to 1600 dollars, I'll be happy to buy some bitcoins at the cheaper price.

DoublerHunter

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Quote from: BitcoinBallerina on July 01, 2017, 12:13:48 AM

When Bitcoin goes down, all other cryptos tend to follow. Therefore, don't look at it as a universal downtrend in crypto, but rather simply a crash of Bitcoin. Tongue

I agree with you, that is the trend right now. If bitcoin will fall on its price then the other cryptocurrencies will fall also and it will make a down trend in the market but the good thing is, we can buy a lot of bitcoin and more altcoins in the market that can be hold for long term and it can generate good amount of profits after a long time of patience.

Yuuto

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Quote from: Bitcoin Guy on June 27, 2017, 10:09:11 AM

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment. Many Youtubers said that this is normal in the cryptos space, are they correct? I am not in this market long enough to understand this. Huh

I understand your concern.

The youtubers are correct. The prices of cryptocurrencies generally fluctuate a lot because the market capitalization of cryptocoins are still relatively low compared to assets such as gold and silver, and you are able to leverage your trades on a lot of exchanges easily by up to 100x sometimes. So sometimes even penny stocks can be more stable than certain altcoins.

Though, there are periods in between pumps and dumps when price is quite stable. It's usually dead obvious when a dump is going to come, as it always proceeds a bubble. 10% is really nothing at all in terms of bitcoin, because back in the early days of bitcoin you can see flash crashes that crash the bitcoin price by half in less than a day. But now, it's actuall ymuch more stable.

magneto

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Quote from: BitcoinBallerina on July 01, 2017, 12:13:48 AM

When Bitcoin goes down, all other cryptos tend to follow. Therefore, don't look at it as a universal downtrend in crypto, but rather simply a crash of Bitcoin. Tongue

This is somewhat incorrect. You're being too general here, some cryptos such as Ripple actually has an inverse relatinoship with bitcoin which means that when bitcoin goes up, it goes down, and when bitcoin goes down, it goes up. But the rest of the coins? Yeah. If you look at the charts, you'll see that bitcoin dominance increases when bitcoin prices crash.

@OP this is not even a phenomenon. it's a daily part of life for most bitcoin users, to deal with the volatility. Unless bitcoin crashes $200 in a minute then everything is expected in the bitcoin world. Bitcoin was in a bubble when it was near $3000 but since has slowed down quite a bit, so i don't think that we'll see another major adjustment until a weekbefore august.

BitcoinBallerina

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When Bitcoin goes down, all other cryptos tend to follow. Therefore, don't look at it as a universal downtrend in crypto, but rather simply a crash of Bitcoin. Tongue

connesa

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Quote from: Bitcoin Guy on June 27, 2017, 10:09:11 AM

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment. Many Youtubers said that this is normal in the cryptos space, are they correct? I am not in this market long enough to understand this. Huh

for me i think its all normal...just like other stocks on market,btc is already stable atm so if its dumping it will surely pump up.
and prizes do move randomly fast nowadays.

DoublerHunter

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Quote from: Tamilson on June 30, 2017, 08:29:34 PM

Quote from: BitFinnese on June 30, 2017, 12:12:54 AM

Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.

Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc.

Yes, it is all normal for bitcoin or any cryptocurrency because they are all depending from the demand that they are getting from the users,traders,investors in the market so if the movement of the price is not stable since there is no in charge in stabling the price that is caused by being decentralized of most cryptocurrencies in the market.

cafucafucafu

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Quote from: Tamilson on June 30, 2017, 08:29:34 PM

Quote from: BitFinnese on June 30, 2017, 12:12:54 AM

Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.

Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc.

Yes. I believe that a big part of why people use bitcoin is because it is independent of fiat. Some people asy that if bitcoin was stable, pegged to fiat, then it will succeed. I completely disagree with these people because bitcoin was built as a hedge against the fiat con, and if you peg the value of bitcoin to USD then whats the difference of using paypal and btc?

The current price drop is definitely natural. We have seen $2800 as the roof, and $2300 as the floor. So whenever bitcoin goes near these two extremes it will go the other way, and in this case, go down in value. But still it's holding on quite nicely, and i think we should expect some further pumps in the near future.

Tamilson

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Quote from: BitFinnese on June 30, 2017, 12:12:54 AM

Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.

Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc.

Pearls Before Swine

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This is nothing. The drop of bitcoin is one thing, and as for the shit coins, yeah it's totally normal. Look at the really bad ones that trade on Yobit and you'll see they're a bunch of pump and dump toilet cloggers. Money comes in, money goes out. People tend to take their profit when prices rise as high as they have been. You stick around long enough and you'll see this again.

South Park

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Quote from: Bitcoin Guy on June 27, 2017, 10:09:11 AM

Not only in Bitcoin and Ethereum, but at least 90% of the cryptos prices are going down at this moment. Many Youtubers said that this is normal in the cryptos space, are they correct? I am not in this market long enough to understand this. Huh

I would not call it normal but it is not as rare either, sometimes things like this happens and the only thing you can do is if you are going to stay in the world of cryptocurrencies for the long term is to get used to it and if you can to take advantage of this, since the price can recover very quickly as well and you can earn some money without too much of an effort.

Bitcoin Guy

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I just discovered on Youtube that there are some sites and some tools that help people when to "pump" and when to "dump". I saw from at least one title of the videos named as"pump and dump with the whale". I think these tools and sites had a lot to do with the price volatility.

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