Analyst: Bitcoin below $ 10,000 is a gift! - page 3.

Oceat

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Quote from: bitbunnny on August 14, 2019, 07:08:58 AM

Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.
I always say that Bitcoin is the best investment on long term. Investment based on short term predictions are always more risky and every Bitcoin investor should have a broader picture.

They may look at it as a tragedy maybe because they don't have the patience to wait for the right time to sell if they were trading. But for someone who is an enthusiast about the market, making everything as a good result is a rare kind of gift for them. At $10,000 some like it because they can buyback or invest again and if the price rise beyond $10,000 then it is the time for them to sell to get a good profit.

This is a kind of gift that a good trader has, their perspective of things no matter what is the situation.

sana54210

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Quote from: Maestro75 on August 13, 2019, 07:59:09 AM

Even if bitcoin price drops below $10,000, there will be many who will still expect it to drop to the initial $3000 level. Am sure there are many here who knew about bitcoin before it got to $1,000 but did not buy because they expected it to drop back to $100-500 region. And here they are today without a single bitcoin in their wallet. People should buy at any point they have the capital to buy and not think it is crashing because no matter what happens bitcoin will continue to rise. Even if it falls, it will rise.

We have people that do have some unrealistic expectations and we should not just bother paying attention to them especially those who usually predict a massive downtrend of bitcoin out of a thin air without having any basis for it.

Most of us have to personally study the market and make our own report that will guide our decision to make investment, and some of those ones that usually predict those cheap prices are just there to destroy the market and cause panic sell, but I have not seen them around for a while now, I guess that have finally left the market after realizing that their prediction has been having no effect on the market. We really should buy at any point but not to fomo though, because we still have to be careful of being victim of whales too.

ethereumhunter

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If you can buy at a very low price, then $10k is a gift Grin

But if you buy bitcoin in $9k, then it still a gift too because you can make a profit now. And if you buy bitcoin in $11k-18k, then that is not a gift right now, but that is a nightmare. You should wait for a long time before you can sell your bitcoin is above $19k, so you can make a profit. But I think many people already sell their bitcoin at above $10k because they are worried the price becomes lower than the price they bought.

STT

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Its possible the negative action for today has completed its pattern. Its hit the next rung down and so we are seeing some buying:

So if you want to flip negative, upside target is around 11,200. NOt a bad trend whatever the larger ongoing resolve of price direction. 50 Day average is about 10,900 so being above or below that is quite important.

bitbunnny

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Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.
I always say that Bitcoin is the best investment on long term. Investment based on short term predictions are always more risky and every Bitcoin investor should have a broader picture.

NeuroticFish

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Quote from: South Park on August 13, 2019, 02:22:32 PM

right now is the moment to hold and wait the direction the market will take

It always depends. A good strategy for the ones buying and long-term holding is to buy now and then. I mean, one should have bought for 100$ when it was 4000 and should probably buy at 10000 too. Because on the (very) long term Bitcoin price grows and these "small" "asperities" may not matter at the end.
If Bitcoin will be at 7000 in a year, out buyer didn't lose anything. And if it'll be at 70000, he get a 10x win. I expect the reality be in the middle. (But please don't invest based on my expectations!)

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Quote from: NeuroticFish on August 13, 2019, 10:49:22 AM

Half a year ago we were at 4000$. Why didn't these analysts buy back then?
I mean that while it's expected Bitcoin to rise more, for now it doesn't. And somehow these specialists try to dictate what to expect. What if they do that based on who pays them? What if these expectations are there to help the others who bought at 4000$ sell?

I also expect Bitcoin rise. But I am pretty mad on all this hype around what the specialists say, what the specialists predict... Everybody, known or not, has something to say about Bitcoin price and it becomes instantly famous. Really?!

I agree, if bitcoin at a price below 10k is a gift then bitcoin below 4k was the opportunity of a lifetime and yet I did not saw many analysts claiming that, investors had months to take advantage of that price and many did not do it and now buying at a price close to 10k is somehow better? I do not buy it, right now is the moment to hold and wait the direction the market will take, if it is bullish then to keep holding is the right move but if a downward trend takes hold then selling and wait for the price to get lower is the best move.

NeuroticFish

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Half a year ago we were at 4000$. Why didn't these analysts buy back then?
I mean that while it's expected Bitcoin to rise more, for now it doesn't. And somehow these specialists try to dictate what to expect. What if they do that based on who pays them? What if these expectations are there to help the others who bought at 4000$ sell?

I also expect Bitcoin rise. But I am pretty mad on all this hype around what the specialists say, what the specialists predict... Everybody, known or not, has something to say about Bitcoin price and it becomes instantly famous. Really?!

barbara44

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In my opinion, under $10k is not a gift, it is a scare.
People do not realize that during the bear run people are not sure how further down it will get and after the bear run is over we are kicking ourselves for not getting more.

I have just recently witnessed the same thing on a smaller coin, it was going down and I didn't want to sell because I didn't want to lose my money and I instead bought more to drop my averages and recover whereas it went on falling even further down so I am now in bigger debt because of it.

Thankfully I didn't had too much to spare and didn't went in too much and I am always playing with money I can afford to lose but it is still a bad feeling. People are afraid the same thing will happen to them, what if bitcoin under 10k means it will also be under 8k soon? They don't know that until it is too late.

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Even if bitcoin price drops below $10,000, there will be many who will still expect it to drop to the initial $3000 level. Am sure there are many here who knew about bitcoin before it got to $1,000 but did not buy because they expected it to drop back to $100-500 region. And here they are today without a single bitcoin in their wallet. People should buy at any point they have the capital to buy and not think it is crashing because no matter what happens bitcoin will continue to rise. Even if it falls, it will rise.

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Well from the moment OP created the topic and comparing Bitcoin price today, I can say, it is really a gift since Bitcoin goes up in value now giving those who bought on that price a good profit per BTC.

Quote from: Reid on August 10, 2019, 01:34:54 PM

How could it be a gift if you are buying it?
Gifts are free. Grin

Well, we can say the profit is what he is talking about when he mentioned gift Cheesy

.

Quote from: Reid on August 10, 2019, 01:34:54 PM

Yes, it will a good idea to buy at that price. Well, we could see now why? The gift of profit already came and I do hope some have trusted bitcoin even for a while.
Now, all we need is more merchants coming in. If this happens we might see another all time high before the year ends. I do hope it can.

Aside from that I think the market also need more intitutional funds to join in. It will certainly give a huge boost to Bitcoin demand thus pushing price of BTC to another higher high.

Naida_BR

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It would be a gift if a level below 10k would boost altcoins.
As I can see alts are struggling a lot when Bitcoin price drops. This doesn't help the market and especially investors who have bought large amounts of altcoins during the bear market.

Reid

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How could it be a gift if you are buying it?
Gifts are free. Grin

Yes, it will a good idea to buy at that price. Well, we could see now why? The gift of profit already came and I do hope some have trusted bitcoin even for a while.
Now, all we need is more merchants coming in. If this happens we might see another all time high before the year ends. I do hope it can.

buwaytress

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Revisiting this thread and trying to see if my perspective can maintain for the remainder of this quarter.

Each time BTC climbs to five figures and then remains there tells me that a lot of people want to believe sub 10k is a gift. But also tells me profiteering is beginning to look predictable for the active speculators.

The big surprise move that Bitcoin will experience hasn't happened yet is still my stance. We'll either be happy we hot our gifts, or we'll be entering a long period for much more gifting opportunities Wink

iv4n

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Bitcoin below 10 thousand dollars is a gift to anyone who believe in 1 million dollars for 1 btc. If you believe in that price in few years now its a gift for you to buy bitcoin, if you don`t believe then any price will be to high for you. Everything is about your perspective and your believes. People can say whatever they want, you will see many different news, but in the end each of us is making a decision, don`t forget that! You choose to buy or sell, to wait or to not wait, in what to believe or not!
I agree with statement that bitcoin below 10 thousand dollars is a gift! You can believe in that or not, it`s up to you!

sana54210

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Quote from: Oilacris on August 08, 2019, 01:52:13 PM

Super opportunity for some who do look bitcoin as a good coin to hold for long term but on majority these times are still questionable.When bitcoins price tends to crash

or decrease its price.You cant really tell on what people gonna do,buying or accumulating as much as they can? I don't think it would be easy yet confidence is highly affected on such situation.So there would still be doubts on these times.

I understand what you are saying and I feel it is necessary to always be patient when making some decisions since it is not a do or die matter, most especially for those that already have investment in the market already.

Something happened to me too some weeks back, and I think that was when bitcoin crashed from 413800, and I saw it dip to $11k, I thought that would be the final dip which was a very good buy for me since I believe then that within the next few days, the market was going to regain its strength back and go above $13800, but unfortunately, shortly after I made my buy around that $11k, the market continuously to fall until it almost fell to $9000, and I said to myself that patience would have just been the best friend of mine then if I has welcomed it.

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Quote from: vintages on August 06, 2019, 10:37:02 AM

One can consider it as a gift as it is low enough for buying, as many believe this 9k-10k is how low the price can go.
Aside that, I don't believe the 10k price will stay like that forever, we are vouching for an estimated price of 15k-30k as this month closes.
Also, every price dip shouldn't be a cause for alarm or fear some are needed for market correction.

The reason analysis are calling Bitcoin a gift below $10k is just because of the limited supply of the coin. We are not left with so much Bitcoin and in addition, the block reward gets cut into half as we cross a Bitcoin halving. There are times when the market is very bearish and the coins lose huge value so that people fear about investing in the coin. Such a time should be considered as a super opportunity.

Super opportunity for some who do look bitcoin as a good coin to hold for long term but on majority these times are still questionable.When bitcoins price tends to crash

or decrease its price.You cant really tell on what people gonna do,buying or accumulating as much as they can? I don't think it would be easy yet confidence is highly affected on such situation.So there would still be doubts on these times.

SquallLeonhart

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I think the reward getting halved is not the reason why bitcoin price should go up and anything under 10k is a gift. I think there is already limited number of bitcoins existing and looking at how much bitcoin is mined per day it makes no sense that halving makes any difference.

Right now, there is 2k bitcoin mined every single day on average, that is a good chunk of money but makes about 22 million dollars total, looking at the billions of dollars on volume I say that is not the difference maker, of course it will be better when its 10-15 million at most but right now even with this version it doesn't really make too much difference.

Hence, I think its because we have max cap at 21 million and even if we mined all 21 million that wouldn't change a thing so the price should go up because of the max cap and not because we mine limited amount.

beerlover

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Any dip that we see in bitcoin should always be a blessing in disguise, it should always see as an opportunity to make more money, right now as I am sitting on my system, I already have certain amount of fiat separated to make more investment and take advantage of any dip that I see again, even if bitcoin values goes to another correction stage far below expectations, I would still be happy and take the advantage to buy more, because that is how a real trader can make more money while waiting for some of their long term investment to yield result.

Bitcoin bull run will not start until after its halving next year, and even though there is any surge now, there will always be a correction that will step down the price back to that $10k, and we should also always accumulate anytime it does that.

BitHodler

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Quote from: adaseb on August 05, 2019, 04:03:18 AM

Which is why so many retail people are buying XRP now because its cheap and they expect it to hit $3 again.

It's pure madness. If they expected it to hit $3 then I would at least say it's very very unlikely, but not impossible with enough hype and manipulation, but they expect it to reach $100 and some even $1000.

People have no clue about how total supply works and what it means. A simple calculation will tell you how unrealistic certain price targets are with how XRP has 100 billion tokens that will be circulating at one point.

Financial institutions will come up with their own blockchain solutions, so why would they use xRapid? Another thing is that institutions aren't stupid enough to work with an asset that volatile. People are delusional.

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