WTF is going on in CryptoLand - BTC down with 4% ?

[Spinat]

Does anyone know what is going on with the major crypto's ? Bitcoin is down with 4,07% as I write this and falling?

BTW: Gold is also falling!!

 

[John Spectre]

Nothing exceptional.
Volatility up to 10% per day ordinary for bitcoin.
30% for eth and much more for other shitcoins
If you can't live with such level of volatility, probably crypto isn't for you. And you should to go to regulated markets where excessive volatility limits by rules.

 

[Spinat]

Who sad I can't live with it I'm looking for a reason for why the s**t is going down the hills.

 

[void]

Who sad I can't live with it I'm looking for a reason for why the s**t is going down the hills.

I think his point was that the move is so minor/ordinary that the question doesn't make that much sense since moves like this are nothing exceptional what should make you ask for a reason

 

[Spinat]

Okay I see.. so it is the same for the Gold price which seems to follow bitcoins fall. All normal nothing strange

 

[void]

Okay I see.. so it is the same for the Gold price which seems to follow bitcoins fall. All normal nothing strange

can't tell you about the correlation - I can just tell you that
the owls are not what they seem

 

[daxbr]

It sure brings back good memories of penny stocks price action.

 

[extremedox101]

i think you mean crypto world ? it's been months and you can't tell if crypto currencies will go down or up

 

[avalanche]

It sure brings back good memories of penny stocks price action.

Volume of penny stocks is way lower than the volume of Bitcoin.

 

[Spinat]

From the replies here it all look like it is natural and nothing special happened that day they were falling. Okay I accept this may just be a volatile BTC.

 

[avalanche]

From the replies here it all look like it is natural and nothing special happened that day they were falling. Okay I accept this may just be a volatile BTC.

Just forget it. Don't watch the price as it doesn't really matter at this point. Unless you are daytrading, look at price changes of Bitcoin annually, not daily lol.

 

[Artemis Eleutheria]

Does anyone know what is going on with the major crypto's ? Bitcoin is down with 4,07% as I write this and falling?

BTW: Gold is also falling!!

Actually it is the USD volatility ... no idea why it jumped 4%.

If you cannot stomach the USD volatility then you better get out.