yesterday's drop in prices, was it natural or man made?

lixer

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Quote from: a298b112 on September 08, 2021, 02:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

I do understand the "why does it matter" questions nowadays. It makes a little bit more sense because we are recovering. If it was before the recovery I would say it matters as well but since we have already seen above 48k+ already, that means we are recovering. That does matter a lot for many people, recovery means that natural or man-made that drop is behind us and we should not care about it at all.

Yes, it is definitely something we couldn't do if it was one way or another, but it is here now and we should not care about it at all. What matters next is how long can we keep this going up and if we can keep it up than it means we should be going to 50k+ and be better off, or maybe we won't be able to, who knows? This is what we should care about.

michellee

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Quote from: a298b112 on September 08, 2021, 02:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

I consider that is a natural process happen to bitcoin and that is why the price will always fluctuate and if you do not know how to anticipate, you can get stuck by buying bitcoin at a high price. Maybe there are some people behind this drop but I do not want to think about that because as long as I can adjust myself with any bitcoin moves, I can take the benefit for me. Bitcoin can go up and down without notice and if you only think about people behind that, you will miss a good chance to use the moment for yourself.

bamb

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I do not think there is anything natural or unnatural about bitcoin price and indeed cryptocurrency prices in general. It is possible that a coin may experience growth and development that will lead to rise in value, but trading Cryptocurrency is basically function of demand and supply at the basic level and everything in between!

perfect999

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Quote from: TheUltraElite on September 15, 2021, 12:52:07 AM

When you are trading you will face questions like this, but there are no correct answers to these questions, only assumptions. It is better to keep your mind sane by ignoring such questions.

Maybe some big investor or insitution dumped their coins, or maybe a smaller dump happened and some weak hands crashed or some negative news was published. Either way, does it really matter? Answer is No.

It sort of matters. If it was the whole collective community that decided that the bitcoin price should drop and they got out then it is a bit more long term situation, changing everyone's mind will take some time and that is why it matters. However if it was man-made (like retail ones like us are not man lol) it means that whales could end up buying it back tomorrow as well, we do not know if they will but it at least has that chance. So, if it was natural and without a proper cause than it is a long term fall but if it is whales then there is a chance for short term (and also long term as well) and that changes the way people approach to things.

imstillthebest

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for me a natural drop means that there is only one to two coins that will drop but if all coins follows the other ,
i dont consider that as normal anymore but i always think there is some people behind this manipulations .
it looks like they dont want people to earn on other coins but they want all people to feel the same with other . thats a selfish move

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: a298b112 on September 08, 2021, 02:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?

When you are trading you will face questions like this, but there are no correct answers to these questions, only assumptions. It is better to keep your mind sane by ignoring such questions.

Maybe some big investor or insitution dumped their coins, or maybe a smaller dump happened and some weak hands crashed or some negative news was published. Either way, does it really matter? Answer is No.

Quote

Can we assume that there are forces who can 'manage' the market like yesterday?

Another typical delusion that traders often have in their starting days.

Instead of thinking about such topics, why not keep money at hand and buy the dip - because if you had done that, today you would be at profit because bitcoin is at 46.9k USD.

Trading is a mind game, if you cannot keep your head in the game, you need to stop trading for a while. Dont sacrifice your sanity while trying to make money. You have to learn how to deal with this, not everyone can have nerves of steel.

Mpamaegbu

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Quote from: a298b112 on September 08, 2021, 02:27:24 AM

Now the question is, is it a natural process or there are some people behind this drop?

Your question is suggestive of a supernatural cause to what goes on in the market (or what actually happened on that said day), that sounds ludicrous to me. To tell you the truth, what happened on that day had nothing to do with any metaphysical. It's as natural as it can get. Trading is a human activity, and of course man's input determines what happens there, not spirits. Whether Dip or Pump, it's a subject of demand and supply that sets price. What happened with the recent dip isn't unrelated to the El Salvador incident. What does anyone expect when there are freebies handed over to people just like that. Of course, a lot of those who got it sold off immediately and that caused more sellers than buyers' kind of situation. When supply is greater than demand, price crashes.

Boov

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Quote from: Panxora_COO on September 10, 2021, 11:30:47 AM

It's all manmade.
The cryptocurrency markets are very inefficient and in global terms still very small. That means when something starts the market moving in one direction (or the other) the results get exaggerated. People trade because they are excited or afraid and overcompensate. But if you take a step back and look at it dispassionately, it means that there is an incredible amount of profit that can be taken out of the market. The thing to do is to use risk management models that perceive these kinds of issues as they are happening so they move you out of crypto into fiat. Then they move you back into crypto when the markets start trending again. Whenever that is. But all of us hodling crypto or trading it now are way before most of the world. We are in a wonderful place to be if we keep our nerve and trade wisely.

That can't be denied, it was all man made because real life traders did great things and all the actions was made by human. All the consequences of what we're doing generated results, so we've seen what happened lately; price drops unexpectedly. Unfortunately for those new comers, that wouldn't be easy for them to see their capital started losing but don't be discourage yet. By the last days of September we will see amazing market performance, then bouncing back towards huge predicted value.

justdimin

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Quote from: slaman29 on September 10, 2021, 08:20:38 AM

Quote from: mindrust on September 09, 2021, 11:55:05 PM

It was a natural disaster. Just like earthquakes. It is all technical analysis. Markets go up, markets go down. Sometimes they make corrections. I believe yesterday was a correction. The fundamentals are still strong. Now El Salvador has adopted bitcoin fully, I'd say there is no reason to afraid of pretty much anything.

Haha, I would never have thought to use the term natural disaster but I think I call this natural weather. 10% drops in crypto is like regular and normal occurrence for me, not disasters, and for sure not disaster for everyone.

But maybe you have a point since all over the world people live with natural disasters like regular thing, so crypto market people should also regard these corrections in the same way.

If it was natural do you really believe that price would crash from 52k to 42k (it bounced back over but it was initially 42k for a minute there) in under one hour? Nothing natural about the price crashing from 52k to 42k in 30 minutes, that was clearly man made. I am not saying it was out of ordinary, for crypto those type of falls are ordinary at this point but it was definitely man made, but man made drops are ordinary in crypto.

Long story short we are in a situation where crypto crashed because some whales wanted it crashed, plus there was a lot of liquidation going around as well turning bitcoins into USDT to pay the debts, but aside from that it was basically good old bitcoin correction. Just because it is man-made doesn't mean it is unnatural, in crypto world man made drops are alright. I still remember Craig Wright causing price to drop from 7k to 3k in a day.

EdenHazard

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The OP think bitcoin price drop more than 10k$ is not natural because few hours only bitcoin price from $52k become $43k, I have the same ideas with OP because impossible bitcoin suddenly could dump almost 30% just one hour only, have the community for them together make bitcoin suddenly dump and they try to recovery faster maybe get chance with future trading also, almost when bitcoin dump more than 20% looks impossible if natural price dump, but have some whale make bitcoin suddenly crash and keep going dump to lower price, now bitcoin have pass three days not any way will back to higher price or not.

that is just what so called people power AKA decentralized, nobody can move the bitcoin price unless if he has at least 11.5 million bitcoin and 5 guys like jordan belfort in prime.
so , no man made. that is the nature of crypto nature, period.
man made can only trigger the panic sell/buy and that is not always successful in the end , we behind the screen who made it happened indirectly.

Panxora_COO

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It's all manmade.
The cryptocurrency markets are very inefficient and in global terms still very small. That means when something starts the market moving in one direction (or the other) the results get exaggerated. People trade because they are excited or afraid and overcompensate. But if you take a step back and look at it dispassionately, it means that there is an incredible amount of profit that can be taken out of the market. The thing to do is to use risk management models that perceive these kinds of issues as they are happening so they move you out of crypto into fiat. Then they move you back into crypto when the markets start trending again. Whenever that is. But all of us hodling crypto or trading it now are way before most of the world. We are in a wonderful place to be if we keep our nerve and trade wisely.

conected

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Quote from: slaman29 on September 10, 2021, 08:20:38 AM

Quote from: mindrust on September 09, 2021, 11:55:05 PM

It was a natural disaster. Just like earthquakes. It is all technical analysis. Markets go up, markets go down. Sometimes they make corrections. I believe yesterday was a correction. The fundamentals are still strong. Now El Salvador has adopted bitcoin fully, I'd say there is no reason to afraid of pretty much anything.

Haha, I would never have thought to use the term natural disaster but I think I call this natural weather. 10% drops in crypto is like regular and normal occurrence for me, not disasters, and for sure not disaster for everyone.

But maybe you have a point since all over the world people live with natural disasters like regular thing, so crypto market people should also regard these corrections in the same way.

- Disaster is just a hidden description to show how scary the problem is, newbies will probably have a surprised and motionless expression at the active volcano while people who have lived with this area as we are are only a phenomenon that is seen every month or every year, many people have seen even more terrifying times like this. But the disaster in life comes from nature while the disaster here does not manifest such nature, the increase and decrease is caused by human needs.

MIner1448

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Quote from: a298b112 on September 08, 2021, 02:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

Although this is a natural correction on the market, but we can talk about it in fact, for example, I was not ready for it and could not find the reasons for such a sharp drop in prices, perhaps, of course, I don’t have much experience in the analysis, but my opinion is a lot were not ready for such a fall in the market ...

fauzan Ichsan

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Quote from: TheGreatPython on September 10, 2021, 05:00:18 AM

Quote from: john_nautica on September 09, 2021, 01:32:45 AM

Of course it's a man made, there's no way that it would change without automatically or probably you would be thinking about bots? there's a possibility the market do it's correction. Many people think it's bad because the price crash but in reality correction is a natural thing and healthy to the market.

I think OP wants to ask whether such a sharp drop was caused intentionally by someone or was it just a natural phenomenon. By natural, it doesn't always have to happen itself but something that happens commonly. I think he asked the question in a wrong way but meant to ask whether these sharp drops are normal or controlled by a particular individual.

As most others said, such sharp drops and hikes are normal and hence we call this market highly volatile because the price can go up or down without any logic or explanation.

and it is precisely this kind of fluctuation that many people like. maybe the OP has not seen the phenomenon in 2017 and beyond. at that time bitcoin formed a new peak of up to $ 20k until finally there was a sharp decline to $ 3500, and we can see at this time where bitcoin actually formed a new ath and experienced a very significant increase. and in conclusion, extreme price fluctuations like this are normal occurrences

slaman29

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Quote from: mindrust on September 09, 2021, 11:55:05 PM

It was a natural disaster. Just like earthquakes. It is all technical analysis. Markets go up, markets go down. Sometimes they make corrections. I believe yesterday was a correction. The fundamentals are still strong. Now El Salvador has adopted bitcoin fully, I'd say there is no reason to afraid of pretty much anything.

Haha, I would never have thought to use the term natural disaster but I think I call this natural weather. 10% drops in crypto is like regular and normal occurrence for me, not disasters, and for sure not disaster for everyone.

But maybe you have a point since all over the world people live with natural disasters like regular thing, so crypto market people should also regard these corrections in the same way.

TheGreatPython

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Quote from: john_nautica on September 09, 2021, 01:32:45 AM

Of course it's a man made, there's no way that it would change without automatically or probably you would be thinking about bots? there's a possibility the market do it's correction. Many people think it's bad because the price crash but in reality correction is a natural thing and healthy to the market.

I think OP wants to ask whether such a sharp drop was caused intentionally by someone or was it just a natural phenomenon. By natural, it doesn't always have to happen itself but something that happens commonly. I think he asked the question in a wrong way but meant to ask whether these sharp drops are normal or controlled by a particular individual.

As most others said, such sharp drops and hikes are normal and hence we call this market highly volatile because the price can go up or down without any logic or explanation.

jaberwock

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Quote from: Mr.Scott on September 09, 2021, 10:19:01 AM

Crypto market is so much volatile, however the money control the markets. The biggest manipulation is from the exchanges and whales. They can undoubtedly control the market, just they need your cash. A sad story! You need to do more research on the cycles of markets. Eventually the market will be getting normal, however market control things will not be changed.

No one can take our money if we don't panic. Did you hear the whole story about the GameStop token? how investors who short that token fell flat on their face because investors just never sold the tokens.

Once you panic and sell your bitcoins, someone else makes money from that. That's why I don't recommend futures trading to anyone without a good bankroll because bigger investors will swallow you alive.

At times I ponder that maybe if a big investor/whale is trying to short the BTC while another whale is trying to long it; what would happen because they should cancel out each other. And this may be the reason for price change all the time.

Mkmanik

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It was natural. It's a normal scenario in the crypto world. It was top price Bitcoin, MOst of the trader just close their positon there and booked profit. According to Technical analysis, the $52,000 price was a big resistance for Bitcoin. Buy at support and sell at resistance was applies here

some people Panic sold their bags when Bitcoin was dumping. But some people also bought Bitcoin when it was dumping. El Salvador bought bitcoin is this dip https://twitter.com/nayibbukele/status/1435260422110732300 El Salvador now holds 550 bitcoin.
So pump and dump are very normal in the crypto world. Just try to take advantage of those pumps and dumps.

mindrust

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It was a natural disaster. Just like earthquakes. It is all technical analysis. Markets go up, markets go down. Sometimes they make corrections. I believe yesterday was a correction. The fundamentals are still strong. Now El Salvador has adopted bitcoin fully, I'd say there is no reason to afraid of pretty much anything.

Theones

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Quote from: bitterguy28 on September 08, 2021, 02:47:22 AM

Quote from: a298b112 on September 08, 2021, 02:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

if you have been in this forum for long time , you will find this as normal scenario everytime there is a Pump and this is what you called correction mate.

some of those who invest when the price is at 30k level had taken their profit by selling all their coins and wait for the dump and here it is happening.
then they will re enter and make the pump again.

and another scenario is that this is the correction for the long awaited bull run.

Correction is more appropriate word for this price dip. Wise investors also take this as buying opportunity.
While rest of community call it whale manipulation, price dip bla bla.
One established fact is that no equity, forex or crypto can go up only, market correction is deemed to happen when prices goes too high.

Topic: yesterday's drop in prices, was it natural or man made? (Read 410 times)