Topic: Analyst: Bitcoin below $ 10,000 is a gift! (Read 983 times)

Bitcoin reaching low to $10000 has taken place now, but there is more chances for the price to reach $5000. This way I believe it is good to invest at a price low to $10000 for short term trade profiting and if the plan is for long term holding then waiting for a lower price than the present price seems to be the best choice.

I'm already expecting all the possibilities as bitcoin has not been stable thus far, it was able to stay at $10K for awhile but failed to break higher resistance so we are seeing btc at this level now.

However, we should not consider this a big dump that would result to bitcoin again experience a long bear movement because I believe it will less likely to happen, there is no negative news now but the price dump that hard, so I think it will also bounce back hard.

you and others yes but me ? nah i dont really think so  . 10k usd something is still a bit high to me  . i think im going to wait for more declines  but my target buy price is actually at 6kusd and lower .

  im still okay if btc wont drop that low because i can still some of my btc's for some profits   .

 would be it better is someone gift you a btc , i think that is more litteral but saying that btc at 10k is a gift  cant be verry convinving to some especially if they dont have the cash to afford it  .

I can agree with that, it's a gift because it's great opportunity for buying. Currently the price is something above 8000$ but there is possibility to go under 8k barrier and I don't think that is bad. Although many are very disappointed because they've expected just the opposite, new price rise with Bakkt launching.
At the moment it's only hard to tell how much lower price will go and for how long is going to stay there.

Under 10k is a gift but even nicer buy is a lower price then that still.   Long term sub 10k could likely be a buy but also within that area is a spike down and thats the latest pricing we're seeing.   The bigger question is how long does the price submerge below 10,000 but I'm quite interested in where is the bottom of the trench for BTC in this weak spot.



We have in theory hit the 8100 bottom there and it matches previous price history but I think we need multiple points of support to really call it a good buy.   I would like to see it go to about 7000 and on this chart 6500 is possible by a lower trend.
  Including previous weeks in the trend up we can see bars matching prices around here, the theory being we can see buyers and orders with interested parties wanting to hold from this price upwards.  Theres always people who previously missed out and did not want to chase or buy at the 13k peak and as it turns out that was a good call medium term so now its possible we do see a kind of value buyer at the prices half of that peak.   Market makes itself attractive until people stop resisting and buy into what they wanted long term and also shorts close out and so on, it all resolves and reverses at that point possibly.  However it takes time to digest and we'll have to see .

Under $10k actually good price to bought, but maybe spare some money to prepare if dump come again. Maybe half in this price and half for back up. Altcoin maybe still really need to make some research before invest in it. Especially for new tokens that maybe look very profitable, but inside it, is full of risk that can cause dump.

Be careful if you invest in altcoin, you need to find which altcoin that will be good as the investment. As long as you can choose from the top 50 coin list, you will see the chance for the coin to increase will wide open. And that will depend on how much money you will use to buy the coin. But I think you can buy bitcoin again if you still have money in your wallet especially if bitcoin price can get down below than $9k. I agree that if bitcoin now is at $10k is a gift to every people because bitcoin can increase higher in the future.

I also pay attention to the increase and decrease in prices that occur. it's like giving us a profit every month. maybe a price below $ 10,000 is really a gift. some people might continue to buy bitcoin under the price of $ 10,000 and keep collecting it. I also started thinking about collecting bitcoin when the price was under $ 10,000. after that, I might wait for the price of bitcoin to be above $ 11,000.

If you're gambling perhaps, but if you understand how TA works and are setting up well placed stops, the risk is very limited. That of course is assuming that there is a market to trade on, which currently sucks big time with how illiquid the market is and stuck in a very tight range. If you look at exchanges such as Bitstamp and Coinbase, there is very little activity as we speak.

It makes more sense to wait for the break and trade that (which can happen at any time now), but I would prefer to wait one or two days afterwards just to see if it is a fake-out or not. Be wary of those.

Well, is that your choice and hope you'll be good with your altcoins.
It is very important to know what could be the best for us either investing Bitcoins or keeping altcoins. All of them are seems to be profitable (depending on our choice of altcoins).
We move a little bit higher in the 2nd quarter and keeps moving until now, but how about in the last quarter of this year? Not pretty right? But we are actually hoping for the best and having $10k-$11k Bitcoin price is quite enough and really a gift for us.

Gotta have balls of steel to trade bitcoin because you can get rekt long or short even both in the same day 

The Price of Bitcoin dipped at $9,625.77 USD but recovered and as I post this price of BTC is now at $10,320 USD. This is not the first time that it happened of course but a taking advantage of such dip is rewarding if you know when to do this. Todays dip is an example, that could have made people an instant 7% profit. Another day was August 30 $9,557.43 USD, after 4 days the price is back at $10,567.11. July 28 price of BTC is at $9,438.72 and it recovered after 5 days $10,487.58

Why would you also wish for bitcoin to keep dropping again when you know that what will even encourage investors to invest more in bitcoin is when they see that the price is already rising, do you think that it is dip that will encourage investors? it was in the past that we feel when the price of bitcoin drops, it will make investors to buy more, but now, the dipper the price goes, the more it scares investors, so what we should be hoping for now Is for some momentum so that investors can be quite encouraged again about investing in bitcoin.

Bitcoin is meant to be rising in value as people get to use it so that the volatility can reduce less, it is when it even becomes more expensive than this that people will buy it less including whales, and will only buy what they need for transaction and not for asset only.

And who says it has go rise immediately after gou buy coin? Have you heard about hold? Which may take months to see desired bitcoin price? Currently is good moment to buy, price is low, the best moment this year was to buy when it was 3-4k, now is still a good chance. Why is it good chance? Because we reached from 3k to 13k, have some fall and are around stable 10k, the chances that price will go down is low compared to possibility that price will rise. That's because we had a lot of falls and people want rise.

This kind of mentality is what will enable us to establish a solid price floor, as we seem to have done at around the $10k mark. We've been trading sideways in this range for a while, high 4 figures is not something we should be scared of.

But that can't happen right? The market is very volatile and there could be price correction along the way.


Maybe 'gift' is a loosely and wrong term being used. It should be 'cheap' (in a perspective of a long term hold). How many days prior to the block halving? less than 300 day? then if you are a long term investors, this price at this level should be a good entry point in you have seen what the two previous block halving had brought to the price.

if it is gift at this prices ... why it cant rise?
stop creat topic and stop advice people to buy bitcoin at expensive prices
bitcoin should drop again and again

I think the opportunity of dip of bitcoin is more beneficial to trader, because they are the ones that is buying at low and selling at high, and that is why trader are praying for fluctuations a lot. I am not a trader per say, but I have made much money within this range of bitcoin, and it has really been of blessing to me, with that fluctuation, I have actually been able to pay my rent because I made at least $1000 twice this year with that dip and rise, while my Long-term investment is still there waiting for the bull run of bitcoin to come, and when that one comes, it would a lot much bigger than all I have been making in trading, but that one is still next year, but before then , we take advantage of this $10000 range gift till further notice.

Agree with this, and I think a lot of investors are agreeing that below that range is a gift because at $10,000 bitcoin is so stable.
I've seen some dump lately below $10,000 but we are back again, we almost hit $11,000 this month but we failed to break the resistance but good thing is that we are still at $10,00 now.

Back then when BTC was still at sub $3K, $10K was already an impossible dream for some people, but here we are now, if we cannot make a new ATH this year, we should be happy with the progress of BTC in terms of recovery.

Any Bitcoin price drop is an additional opportunity for investors to purchase more BTC coins. Therefore, I believe that the fall in prices can be called a positive moment for some members of the community. I always take the opportunity to buy more BTC when its price drops.