Quote from: Sutters Mill on September 05, 2018, 01:51:47 PM

Quote from: InformerKin on September 05, 2018, 12:23:39 PM

What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.

The gravity of reality can be a bitch and what goes up must come down. There's always resistance on the uptrend and a not as much when it comes crashing back down to earth and this has a spiraling effect when weak hands start panic selling. I wouldn't sweat the small stuff though as these ups and downs are just part of bitcoin and we should learn to ride them out as there will be a hell of a lot more of this to come.

That is usually what a lot of people really do not understand.

Firstly, this is a very volatile and new market which will know even the exchange volume cannot be compared to the real matured market with huge liquidity and for that reason we can always see sharp drop in prices, which we all know even the volatility has reduced over time as we keep forging ahead.

Moreover, the fact remains that we have no serious level of demand, and markets are always likely to react to that most of the time, and if the market gets to a point where it is too much, it either tries to fight a bulls fight, or just simply let the bear take over until strong enough to retry. People should just get used to this and stop complaining.