Is this a new record? - page 2. | Bitcointalksearch.org

d5000

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The biggest daily recovery - percentage-wise - I remember was about 150% (measured from the lowest point) on April 12, 2013. Just 2 days after the big crash from $266 to $120, the price went down from about $80 to about $45 and then up to $120 in one single day! You can see the timeframe here:

https://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-04-12zeg2013-04-13ztgSzm1g10zm2g25zv

Maybe the 2011 bubble had similar movements, but THAT was epic. It would be equivalent of a dip down to $2000-2500 and back to the current level in 24 hours Grin

Vansire

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If there are indeed people who can afford trading with 100k BTC and more, and they are successfully destroying stop losses and profiting from that, then volatility could continue to go on more severely until we're sick of it.

They aren't ordinary people of course , they are institutions like JPMorgan.

batang_bitcoin

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Whether it is a new record or not what matters is it's very amazing to see the pump quickly. This makes me proud about bitcoin because after all of those dips and challenges that it experienced I'm now too confident that if something the same will happen again, it doesn't matter anymore because it can simply pump again.

Quote from: SimonJones on October 19, 2017, 01:46:21 PM

This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

You made me remember those words, haha yes it's true that it was funny to think about it right now.

shursight

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maybe not a new record because we have seen bitcoin making more larger pumps in a few hours, like it happened when there was a lot of FUD about China, i remember that the price dropped to $2900 and then recovered to $3700 in just a matter of hours, it was crazy because there was a lot of fud because of China, Japan and Wall street. But we recovered from that.. So $600 is not a big path, it made more beautiful pumps before.

3amerrs

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Quote from: CodyAlfaridzi on October 19, 2017, 10:47:57 AM

Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Yeah, holy shit didn't expect that. Wish I bought some on yesterday's dip, but I didn't. I thought it would go below $5000 for a while before going up to $6000 again, but it wasn't even touching $5K then immediately go straight back on track. Perhaps yesterday was caused by some whales cashing out?

I really want it to go dipping once again, need to fill my bags before another ride.

That's what I thought too was a bunch of whales offloading. Will the market continue to recover? above 6K you think?

panju1

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Quote from: JanpriX on October 19, 2017, 02:51:48 PM

I don't know if that is a new record but one thing is for sure, it is mind blowing. Within just 24 hours, those price swings happened like it was a walk in a park. BTC traders at this time should be exhilarated and maybe, most of them are confused with what happened. I'm imagining what could be the thoughts of the newbies who just entered crypto and saw that crazy recovery. Only in BTC. Grin

The trigger for the crash according to media is the Commodity Futures Trading Commission commenting on Bitcoin. Nowadays, whenever any government official makes a comment on Bitcoin, the market tends to over react. But then the recovery is quick.

maku

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Percentage wise this price shift/recovery wasn't that amazing and definitely not the biggest.
As the overall price of Bitcoin will grow higher with time I guess we need bo ready for increased volatility.
With prices around $6k price drop/recovery of $1k is not that impressive anymore, to be frank.

Vansire

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Quote from: LoyceV on October 19, 2017, 11:24:10 AM

Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

24 hour recovery of $633,6: holy shit.

It went down just as fast before it went up. I like to call it "cascading stop losses" being triggered. Apparently many people set stop-losses on exchanges: the moment the price drops for example 5, 10 or 15%, they sell. When they sell, the price drops further, triggering the next stop-loss. This can make the price drop very quickly, followed by manual panic sells.
The moment they realize it's just a temporary dump, they buy back and the price shoots up again. In the end the whales have more dollars and more Bitcoins. Newbies in crypto who bought high, still sell low the next day when they panic when the price drops.
It's all part of the game of manipulation.

The drop and recovery was just over 10%, that's not that much compared to what happened to Bitcoin earlier.

That's a good theory, I saw some huge amount of Bitcoin gambles on Bitmex too. Like 800k BTC trades, that is over $4 billion!

JanpriX

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I don't know if that is a new record but one thing is for sure, it is mind blowing. Within just 24 hours, those price swings happened like it was a walk in a park. BTC traders at this time should be exhilarated and maybe, most of them are confused with what happened. I'm imagining what could be the thoughts of the newbies who just entered crypto and saw that crazy recovery. Only in BTC. Grin

aso118

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

The recovery may be substantial, but the quantum of upswing is not. I think we went from $4800 to $5800 In one day. crossing $5k was a record and we zoomed to $5800. Nothing beats the experience on that day.

SimonJones

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This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

Denker

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

I'm pretty sure it's definitely the longest daily wick any chart has ever seen!! Cheesy

blockman

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Damn I don't know if that's a new record high but that's literally unexpected. The usual recovery was happening 1-3 days but this time it's totally a disaster for those people that missed buying the dip because the price went up quickly. As the price went down again for this month, the chance of seeing the price of bitcoin pumping again is high because of the two hard forks to come and when the month of December enters, expect the unexpected.

ReLieD

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

As mentioned by someone just below this post , it was not the biggest but yes it was huge . Such drastic changes are very rare. But I am pretty sure there will be more in the future. Even after this fork we can witness something like this.

mrbnson

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From looking at the daily graph of USDT to BTC on bittrex you can see a day spread of nearly $1000 from $1k to $2k on 27th of may which is more in both value and far more in percentage terms.

The Sceptical Chymist

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The Chinese ban thing, was that when bitcoin slid down to $1900? That was an epic recovery, and it was fairly quick.

Since I currently have zero bitcoin, I haven't been watching the price these past few days. I just checked and we're basically back to where we were when I stopped looking. Yay for bitcoin!

I'm seeing bitcoin mentioned a LOT on gold/silver blogs. It's kinda interesting.

LoyceV

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

24 hour recovery of $633,6: holy shit.

It went down just as fast before it went up. I like to call it "cascading stop losses" being triggered. Apparently many people set stop-losses on exchanges: the moment the price drops for example 5, 10 or 15%, they sell. When they sell, the price drops further, triggering the next stop-loss. This can make the price drop very quickly, followed by manual panic sells.
The moment they realize it's just a temporary dump, they buy back and the price shoots up again. In the end the whales have more dollars and more Bitcoins. Newbies in crypto who bought high, still sell low the next day when they panic when the price drops.
It's all part of the game of manipulation.

The drop and recovery was just over 10%, that's not that much compared to what happened to Bitcoin earlier.

jackhdt

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I'm not sure this is the largest and fastest recovery but price have recovered dramatically the rapid recovery and needed now because in decline yesterday many people said to be selling BTC. I worry it will make Bitcoin price goes down

teilwalL05

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Quote from: DaMut on October 19, 2017, 10:37:04 AM

i think it was not the highest record because if i remember it correctly we encountered something like this before and even more than this.
if you looked back at 15 september 2017 and 16 september 2017,
the price is drowning to around $2980 level and a few hours later it was moving upward to around $3875.
which mean in a single night Bitcoin price recovered around $895,
comparing it to right now,i think that's the highest comeback that we ever had.
should be,right ??

Well a record breaking recovery or not I think this recovery will sure be memorable on my part, I am thinking of selling my bitcoin when the price landed on $5100 and thinking that it is because of the hard fork effect but stop and pause because it is too early to conclude and after awhile after seeing this now I sure recover my faith that bitcoin can reach a new All Time High.

mobnepal

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Quote from: thejaytiesto on October 19, 2017, 10:22:55 AM

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Bitcoin price i n 2017-10-20 : $6000+ that will be price recovery of over 20% in 24 hour, I can't say exactly whether this one is the biggest recovery or not but price have recovered dramatically. Hypes over bitcoin gold and upcoming fork might be behind this rise, how price will recover from after fork dump will be more valuable than this one.

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