Why does bitcoin fluctuate so much? What's the deal with that?

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  • teaserpleaser
    BARRELED IN @ SBR!
    • 08-14-08
    • 26015

    #1
    Why does bitcoin fluctuate so much? What's the deal with that?
    And how do I stop it? My payout lost 25 bucks (not including fees) since 8 this morning. Just gone wtf?

    Bitcoin newb obviously

    but that is for the birds

    but it would be around the same for a person too person so...

    if anybody can explain how to avoid this

    I'm all ears
  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #2
    keep it in your wallet... might get the 25 back plus some

    or...



    .
    Comment
    • jayc88
      Restricted User
      • 12-30-07
      • 6785

      #3
      You cannot avoid this, just take a look at what happened to Ethereum today.
      Bitcoin is highly speculative, it doesnt take a lot of money to move the price compared to other assets.
      Comment
      • shocka1212
        SBR Posting Legend
        • 10-06-12
        • 16788

        #4
        lost $35 on my transaction yesterday... damn coin wasn't in my block chain or coinbase for more than an hour.
        Comment
        • teaserpleaser
          BARRELED IN @ SBR!
          • 08-14-08
          • 26015

          #5
          Thanks fellas I'm just going to let it sit

          well I really have no choice

          im getting that light blue sell button that won't let you press sell on coinbase Lolz

          good news is my payout from yesterday from coin base already hit my bank acct

          they said it could take 7 of 8 days can't remember.

          being in there under 24 hours is pretty cool.
          Comment
          • shocka1212
            SBR Posting Legend
            • 10-06-12
            • 16788

            #6
            Originally posted by teaserpleaser
            Thanks fellas I'm just going to let it sit

            well I really have no choice

            im getting that light blue sell button that won't let you press sell on coinbase Lolz

            good news is my payout from yesterday from coin base already hit my bank acct

            they said it could take 7 of 8 days can't remember.

            being in there under 24 hours is pretty cool.
            what time did you process your sell? sold around 7:45pm and am still waiting
            Comment
            • Reload
              SBR Posting Legend
              • 03-23-08
              • 12250

              #7
              It's so guys like Calvin Ayre can make tons of money from the fluctuations
              Comment
              • YoungGambler
                SBR MVP
                • 09-15-14
                • 1744

                #8
                If you selling Bitcoin just take this L right now, it will pop 3000 Sunday
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  Be patinet

                  long term
                  Comment
                  • Buffalo Nickle
                    SBR MVP
                    • 11-12-14
                    • 3228

                    #10
                    Originally posted by teaserpleaser
                    if anybody can explain how to avoid this
                    Ask for a check.

                    Just make a big bet and see what happens. Same as withdrawing using bitcoin.
                    Comment
                    • shocka1212
                      SBR Posting Legend
                      • 10-06-12
                      • 16788

                      #11
                      Originally posted by shocka1212
                      what time did you process your sell? sold around 7:45pm and am still waiting
                      never mind, just saw mine hit... lost $38 on the entire transaction ($1k)
                      Comment
                      • DroopyDog
                        SBR MVP
                        • 11-03-16
                        • 1255

                        #12
                        Originally posted by teaserpleaser
                        And how do I stop it? My payout lost 25 bucks (not including fees) since 8 this morning. Just gone wtf?

                        Bitcoin newb obviously

                        but that is for the birds

                        but it would be around the same for a person too person so...

                        if anybody can explain how to avoid this

                        I'm all ears

                        Get a bitpay debit card, convert to USD right away when you receive the btc

                        or

                        Use coinbase wallet and convert to USD when it hits...
                        Comment
                        • CMHolla2
                          SBR Rookie
                          • 06-22-17
                          • 32

                          #13
                          That's pretty crazy

                          holla
                          Comment
                          • mdunlap3
                            SBR MVP
                            • 02-18-13
                            • 1847

                            #14
                            Every market price movement is a function of supply and demand.
                            Comment
                            • teaserpleaser
                              BARRELED IN @ SBR!
                              • 08-14-08
                              • 26015

                              #15
                              Originally posted by shocka1212
                              what time did you process your sell? sold around 7:45pm and am still waiting
                              For the payout received today it was 5:30 pm Pst yesterday
                              Comment
                              • teaserpleaser
                                BARRELED IN @ SBR!
                                • 08-14-08
                                • 26015

                                #16
                                Originally posted by DroopyDog
                                Get a bitpay debit card, convert to USD right away when you receive the btc

                                or

                                Use coinbase wallet and convert to USD when it hits...
                                will look into it the bit pay card

                                the loss for me is I place the withdrawal with you wager at 7am it hits my coin base at like 1 or 2 those hours is where the loss happens. Mostly, I still have a dead sell button I may just let this one sit in coin base just to see what happens for like a month.

                                Maybe be if will go up

                                if not it gives me something to complain about
                                Comment
                                • jjgold
                                  SBR Aristocracy
                                  • 07-20-05
                                  • 388179

                                  #17
                                  It evens out I think in the long term with all the wild swings
                                  Comment
                                  • lonegambler23
                                    SBR Hall of Famer
                                    • 06-22-16
                                    • 9760

                                    #18
                                    bitcoins the future of gambling, id be lost without it.
                                    Comment
                                    • jjgold
                                      SBR Aristocracy
                                      • 07-20-05
                                      • 388179

                                      #19
                                      It will make a run again
                                      Comment
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