Hang on because it's a turbulent ride. It goes up like crazy sometimes and at other times fall at full speed by gravity.
Just enjoy and have fun. Let's wish for a happy ending.
Topic: Is the current price drop considered a normal phenomenon? - page 5. (Read 3794 times)
Welcome to the crypto world mate.
Hang on because it's a turbulent ride. It goes up like crazy sometimes and at other times fall at full speed by gravity.
Just enjoy and have fun. Let's wish for a happy ending.
Hang on because it's a turbulent ride. It goes up like crazy sometimes and at other times fall at full speed by gravity.
Just enjoy and have fun. Let's wish for a happy ending.
2. There was a large spike in bitcoin searches according to google, which means the price growth has attracted new people.
Mind to share how to access this info on Google? Do you remember the figures of the last couple times of searches so that I have a benchmark to use?
Here you go, it's actually very easy to find in google trends. https://trends.google.co.uk/trends/explore?q=bitcoin
Notice that search spikes correspond with price pumps. Pumps trigger news outlets and people dive in blindly adding to the pump.
Enjoy
2. There was a large spike in bitcoin searches according to google, which means the price growth has attracted new people.
Mind to share how to access this info on Google? Do you remember the figures of the last couple times of searches so that I have a benchmark to use?
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. 
It is very normal. That is how volatile the crypto world can be. Something like this happened few weeks back and even before, and they all bounce back eventually. I have no idea though why all of them behave in such manner sometimes but I am sure dumping as a result of panic selling is one major reason. It is what it is.
It's normal and if somebody wants to know how and why is this happening, they should open the price charts of any exchange and look at the last 3 months. Bitcoin went up so much that its price has doubled, and for that to happen people had to keep buying and buying. Those buyers were mostly newcomers and i'm saying it because of 2 things.
1. If you're holding some coins, it's possible that you will keep buying more as the price grows, but most holders are too experienced to keep buying when the price doubles in a few days. They are either selling or riding it to the top.
2. There was a large spike in bitcoin searches according to google, which means the price growth has attracted new people.
Now those newcomers are usually in for a quick buck, and those that aren't will sell at the first sign of a crash. Those who bought right below $3000 had to be getting impatient when the momentum was lost and the price started to stabilize around $2900.
1. If you're holding some coins, it's possible that you will keep buying more as the price grows, but most holders are too experienced to keep buying when the price doubles in a few days. They are either selling or riding it to the top.
2. There was a large spike in bitcoin searches according to google, which means the price growth has attracted new people.
Now those newcomers are usually in for a quick buck, and those that aren't will sell at the first sign of a crash. Those who bought right below $3000 had to be getting impatient when the momentum was lost and the price started to stabilize around $2900.
As cool as bitcoin is, for someone that only wants it to buy stuff and avoid crazy bank charges, this volatility may seem bad.
If for example today I buy .2 btc @ $2500 to make a $500 payment, and within 24 hours before I make payment the price crashes to $2000, I'll lose $100 - some merchants update their prices accordingly.
The upside though is if it gains value, I get a bit more. It can be irritating though, and makes planning uncertain.
If for example today I buy .2 btc @ $2500 to make a $500 payment, and within 24 hours before I make payment the price crashes to $2000, I'll lose $100 - some merchants update their prices accordingly.
The upside though is if it gains value, I get a bit more. It can be irritating though, and makes planning uncertain.
Relax anyway even if the price goes under $2000 (or try to!). As long as the Developers and Miners can work out a solution to the scaling problem (maybe they can and are), then Bitcoin will be just fine given some time. Bitcoin is famous for its HUGE volatility, so consider buying it and HODLING for as long as it takes.
Even if you buy at $2500, and BTC goes down to (say) $1700, HODL ON! The price would likely go back up to record highs (again, given time and resolution of the BTC scaling problem).
IF they do solve the problem, and BTC goes down to (say) $1200 - $1500, then it's probably a GREAT buying opportunity (but do not speculate with money you cannot afford to lose).
Good advice. Even if you buy at $2500, and BTC goes down to (say) $1700, HODL ON! The price would likely go back up to record highs (again, given time and resolution of the BTC scaling problem).
IF they do solve the problem, and BTC goes down to (say) $1200 - $1500, then it's probably a GREAT buying opportunity (but do not speculate with money you cannot afford to lose).
My concern about scaling is that Segwit can only ease 60% of the bunden. That is only 2.5X more transactions in a block (if the difficult level adjustment is set to solve a block in 10 minutes). Even with the Segwit2X, the combined effect is only 5 times more transactions that can be processed. The average transactions that Bitcoin blockchain would processed would be only 15 to 16 per second compares to VISA's peak capacity of around 56,000 transactions per second. If Bitcoin wants to be accepted by more people, the developers have to do better than what Segwit can offer. It is very interesting on how this will play out in the future. I am sure once the scaling issue is solved and when more countries start to regular it, big banks will start to invest in it and the price will shot up 100X or more in the 10 years.
I am not a methematician so please correct my analysis if I am wrong.
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.
It's normal! usually when bitcoin price drops altcoins price also drops with it. you'll get used to it, in time! everything is moving up now. Ya it is true that almost all altcoins price are related to bitcoin because if the bitcoin price is going down then most of the altcoins price will go down as they will start to sell the coins and convert it to bitcoins and sell it also so that in dip of bitcoin price they can buy back.
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.
It's normal! usually when bitcoin price drops altcoins price also drops with it. you'll get used to it, in time! everything is moving up now. Ya it is true that almost all altcoins price are related to bitcoin because if the bitcoin price is going down then most of the altcoins price will go down as they will start to sell the coins and convert it to bitcoins and sell it also so that in dip of bitcoin price they can buy back.
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.
It's normal! usually when bitcoin price drops altcoins price also drops with it. you'll get used to it, in time! everything is moving up now. 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.
If you have seen today price in exchange then you would have been regretting that almost all coins, eth and btc have gone up more then 10% in btc and eth, but other good altcoins are up 30%+ so it was a short correction and now it has bounced back, July 1st Australia is going to declare Bitcoin as legal currency, then i think we can see more boom time to come.
I am holding it for the long term so I am not as worry. However, seeing the market going down on 95% of the cryptos for a consecutive of 3 days is no fun. It seems that Bitcoin is maturing because it is relatively stabler than other coins; the volality is not as large as others. That is a good sign.
It is not a fun deal to see the market drop a whooping percentage as you claim,but i am not sure about the exact drop,we had a really good rally before that for months and expect these sort of corrections after the bull run,we might consolidate for a while and then we will see another bull run later this year or next year. Im a bit confused sir about your question because of a normal phenomenon, I mean we all know that phenomenon is not normal? Or something lime that but anyways, Yes, in a positive way, cause we all know that the bitcoin fork is near, and it's just normal to have this price drop
What I meant was if the price flucturate (up or down) of 35% to 50%+ in one day is not something that happens once in a blue moon for Bitcoin or Ethereurm.
Price volatility is normal process for bitcoin you should now that by now. When did you see that price is constantly climbing up without any dumps? This was just minor price correction and at the moment the price is more or less around 2500. Nothing to worry about or panic for, just relax.
I am holding it for the long term so I am not as worry. However, seeing the market going down on 95% of the cryptos for a consecutive of 3 days is no fun. It seems that Bitcoin is maturing because it is relatively stabler than other coins; the volality is not as large as others. That is a good sign.
Price volatility is normal process for bitcoin you should now that by now. When did you see that price is constantly climbing up without any dumps? This was just minor price correction and at the moment the price is more or less around 2500. Nothing to worry about or panic for, just relax.
Relax anyway even if the price goes under $2000 (or try to!). As long as the Developers and Miners can work out a solution to the scaling problem (maybe they can and are), then Bitcoin will be just fine given some time. Bitcoin is famous for its HUGE volatility, so consider buying it and HODLING for as long as it takes.
Even if you buy at $2500, and BTC goes down to (say) $1700, HODL ON! The price would likely go back up to record highs (again, given time and resolution of the BTC scaling problem).
IF they do solve the problem, and BTC goes down to (say) $1200 - $1500, then it's probably a GREAT buying opportunity (but do not speculate with money you cannot afford to lose).
Price volatility is normal process for bitcoin you should now that by now. When did you see that price is constantly climbing up without any dumps? This was just minor price correction and at the moment the price is more or less around 2500. Nothing to worry about or panic for, just relax.
Im a bit confused sir about your question because of a normal phenomenon, I mean we all know that phenomenon is not normal? Or something lime that but anyways, Yes, in a positive way, cause we all know that the bitcoin fork is near, and it's just normal to have this price drop
The crypto market is recovering from the drop with a current total market cap of $103.6B.
Hopefully, the historic trend will continue - that the price goes beyond the previous peak before it dropped.
Hopefully, the historic trend will continue - that the price goes beyond the previous peak before it dropped.
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.
The decline on the price of Bitcoin is always normal. Bitcoin is very volatile and seeing it goes up or down is very normal. Other factors may also contribute to this decline such as the August 1, 2017 calendar mark that maybe brought fears to some new Bitcoin users. No matter the reason about these current declines, nothing is to worry about and treat every price changes as normal.
I believe a positive news in the world of cryptocurrency will see a rise in price of bitcoins once again, even the price of Gold has been affected so i think its a general thing and not only focused to the cryptocurrency market alone.
Looks perfectly healthy to me. I would be worried if we were at $3.5-4k now.
I agree with you. Last month if the price went above 3.5K, there must be 'something'. As expected the price to depreciate but no idea how far it will go.
Jump to: