Topic: There is no reason for small price changes, Stop looking! (Read 2637 times)
The weak handed are the only ones who are inclined to ask negative thoughts about small price changes on bitcoin. But to be frank, $50 jump within a single hour is really fascinating, though if within the day, it can be considered normal because that's how this market goes. They are used to stable prices on different commodities and must have forgotten that bitcoin is an active, fast-paced market.
Now that 50 dollars difference is higher and I would say any changes that are lower then 100 dollars are normal fluctuations, in future price of bitcoin will rise and this fluctuations probably will be higher, the qustion is will we ever see bitcoin price stable with very low daily/weekly fluctuations?
no, $100 is big. actually %50 is still big. and as i explained a couple of comments above, something around $10 to $30 is normal for the current bitcoin market size and it can be considered as daily fluctuations.
and yes it can be stable with small changes. just like small changes in USD price or Gold price,... but it needs to become bigger. the market has to grow and the exchanges have to change and become bigger. the orderbooks, although looking big, are still small and they can easily be sold to or bought so that price changes big time.
and that will only change with more adoption.
I think it is OK and normal to react that way, they are just newbies that only wants a better income in this bitcoin investing thing and I think the well experience ones are still feeling the same thing, they see the market cap was small but the exchange rate is this much high, they always thinking that it is very useless if they don't do a thing, and my opinion is stay focus and calm it is better that way!
Well, price changes has many reasons for us who really monitored bitcoin price all over the trend happening everyday. We could not stop looking unto it because honestly most users and investors of digital currency have a serious bindings of every bitcoins price drops, it means so much for us and profit is the main reasons here.
Now that 50 dollars difference is higher and I would say any changes that are lower then 100 dollars are normal fluctuations, in future price of bitcoin will rise and this fluctuations probably will be higher, the qustion is will we ever see bitcoin price stable with very low daily/weekly fluctuations?
no, $100 is big. actually %50 is still big. and as i explained a couple of comments above, something around $10 to $30 is normal for the current bitcoin market size and it can be considered as daily fluctuations.
and yes it can be stable with small changes. just like small changes in USD price or Gold price,... but it needs to become bigger. the market has to grow and the exchanges have to change and become bigger. the orderbooks, although looking big, are still small and they can easily be sold to or bought so that price changes big time.
and that will only change with more adoption.
I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.
I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
Now that 50 dollars difference is higher and I would say any changes that are lower then 100 dollars are normal fluctuations, in future price of bitcoin will rise and this fluctuations probably will be higher, the qustion is will we ever see bitcoin price stable with very low daily/weekly fluctuations?
It's normal, but for day traders and most speculators it can be a huge indicator of the future, so they have to analyse the charts (even small fluctuations) very closely if they want to succeed in their Bitcoin trading.
The real traders focuses on small price changes and buy/sell the coins to get high benefits. The reason they get benefit is that fact they invest high volume of coins and a single unit of increase and decrease is like thousand of dollars for them.
Stock market offer the same thing just with other currencies, and dollar/euro/.. have fluctuations and some people earn a lot by exchanging them. This is now other topic how they do it with dollars, bitcoins, and how much money someone needs to have to make profit from this kid of trading. This trades on a high scale make all market fluctuations, and with lot of money and knowledge people can manipulate with this.
It's normal, but for day traders and most speculators it can be a huge indicator of the future, so they have to analyse the charts (even small fluctuations) very closely if they want to succeed in their Bitcoin trading.
The real traders focuses on small price changes and buy/sell the coins to get high benefits. The reason they get benefit is that fact they invest high volume of coins and a single unit of increase and decrease is like thousand of dollars for them.
I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.
I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
I strongly agree. There is no reason for some emotional reactions, panic selling or buying and deeply questioning about some "secret" reasons for increase of the price.
Current pumps and dumps are within the range of normal Bitcoin price fluctuation and vlatility so everything is under control. However, we'll see what will happen in the future.
Every small change in price has got some reason. It might be happening due to technical move or depending upon the market. Very few doesn't care of the small changes. I believe even small changes were valuable and the people who committed to it easily profit with that.
Technically there is a reason for every price change, if the price rises then that means there are more buyers, if the price drops then that means there are more sellers, however the reasons for small prices changes cannot be defined since it may be a random event, maybe more people need to pay for something and then they sell their coins and that makes the price drop a little bit.
Ya it is true that big changes have the real reason behind it but for small change in trading it is just buyer and seller traders who are flicking it. People only get panic on big movement of price in bitcoin till then they dont care much but they dont know that on every big movement before it goes the change comes in small and we have to take care of that that what is that little change whether it is going upward slowly or downward slowly so that we can recognize the next movement of price
Technically there is a reason for every price change, if the price rises then that means there are more buyers, if the price drops then that means there are more sellers, however the reasons for small prices changes cannot be defined since it may be a random event, maybe more people need to pay for something and then they sell their coins and that makes the price drop a little bit.
fake news and because of this panic selling occurs. So this may be a trick of bitcoin rival who simply want to create chaos
fake news and panic selling will always create big swings not small and that is "a reason" for a big change.
by the time i created this topic (2016-11) bitcoin price was mostly stable and price went up and down upto $10 and everyday price went down $10 people made new topics asking why it happened and everytime it went up $10 the same story. so i made this to say "Stop looking for reason for tiny changes"
There's nothing you can do about it , that's what actually happens in stock market most rival companies simply spread
fake news and because of this panic selling occurs. So this may be a trick of bitcoin rival who simply want to create chaos
and drop the price of bitcoin or these are newbies who have no idea how bitcoin works.
fake news and because of this panic selling occurs. So this may be a trick of bitcoin rival who simply want to create chaos
and drop the price of bitcoin or these are newbies who have no idea how bitcoin works.
I'm not sure anymore if analysing the chart really helps anymore.
These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
I agree with you that analyzing the charts right now to predict bitcoin's future price does not help anymore but instead of a chart, One can predict the course of bitcoin's price by just looking at the news and of course at the FUDS spread by some whales or two that are trying to get cheap bitcoins. It really is that somebody intentionally not activate but manipulate it at a point he decides, whales to be precise and they are the ones responsible for the big movements of bitcoins price.These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
Well definitely it cannot detect the future price but we can use it as reference on every events that happen in Bitcoin and successfully predict the price's next movement. News and updates on development and adoption more likely tells and give impression that Bitcoin will definitely increase in value though I am quite surprised that the latest etf rejection being negative news about BTC does not affect it price, instead Bitcoin keeps on recovering its price.
The price changes happening with bitcoin is a normal thing, only the big increase happens in respect to some technology updates or some other related factors. One such thing happened recently and minor fluctuations were common and that's the one which makes bitcoin the best.
I'm not sure anymore if analysing the chart really helps anymore.
These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
I agree with you that analyzing the charts right now to predict bitcoin's future price does not help anymore but instead of a chart, One can predict the course of bitcoin's price by just looking at the news and of course at the FUDS spread by some whales or two that are trying to get cheap bitcoins. It really is that somebody intentionally not activate but manipulate it at a point he decides, whales to be precise and they are the ones responsible for the big movements of bitcoins price.These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
Looking at the news and predicting the price is reactive. You will fail to make spectacular gains.
If you can predict the news, then you may be at an advantage.
I'm not sure anymore if analysing the chart really helps anymore.
These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
I agree with you that analyzing the charts right now to predict bitcoin's future price does not help anymore but instead of a chart, One can predict the course of bitcoin's price by just looking at the news and of course at the FUDS spread by some whales or two that are trying to get cheap bitcoins. It really is that somebody intentionally not activate but manipulate it at a point he decides, whales to be precise and they are the ones responsible for the big movements of bitcoins price. These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
It's normal, but for day traders and most speculators it can be a huge indicator of the future, so they have to analyse the charts (even small fluctuations) very closely if they want to succeed in their Bitcoin trading.
I'm not sure anymore if analysing the chart really helps anymore.These days it's just too many pumps and dumps of altcoins that affect bitcoin.
I do not think they can be read out of the charts, because somebody intentionally activates them at a point he decides.
I make these actions mainly responsible for the way bitcoin price moves.
It's normal, but for day traders and most speculators it can be a huge indicator of the future, so they have to analyse the charts (even small fluctuations) very closely if they want to succeed in their Bitcoin trading.
I keep seeing new topics in this board looking for reasons for rises or drops and they always have one thing in common: the change has been small.
I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
I agree with you that changes smaller than 50$ is normal since everyday transactions happen and orders are fulfilled whether it be a buy or sell. The range of changing of bitcoin is bigger I think not because of market cap but because of the large volume of transactions everyday. Though changes might be small, it can be a significant up or down in price since these small changes sometimes indicate a huge pump or dump. I say any change smaller than $50 is normal with bitcoin and it is because of the normal fluctuations that any other market also has. but the range of changing is bigger with bitcoin because its market cap is much smaller than others.
what are your thoughts on this?
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