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.

we don't know what will happen before the end of 2019 mate. .but for me as long it keep holding on that stage probably there's a possibility it will increase more but once it decrease below again.for sure that is a another sign of declined and it will constantly decreasing in my opinion because of panic selling.  Btw we cant tell more on this moment.. Much better to wait for more results to see what is the next move of growth rate.

These are the dips that makes a trader a trader, without those dips all these traders that you see always smiling to the bank will not be doing so, so it is really in did to many of us, as you have bought that price now, imagine that you sell now and the price still drops back to that $9300 repeatedly like 4 times, do you know how much you would have been counting as profit already?

And that is not only of benefit to short term trader, but also long term trader, because the cheaper they buy, the more their chances to count more profit grows, although not every cryptocurrency dip that we see is a blessing, but this one of bitcoin has been nothing but a gift to many traders. Yes, we all made some mistake to have bought at peak then because we fell for these manipulators, but now that the market is balanced, we just need to move forward and play along with it.

As long as there is no bear run all prices we have right now looks amazingly good to buy.

It is not a "gift" since you literally risk your money and we don't know how much of it you can get back. However at the same time there are not many things that guarantees this much freedom in trading and profiting in the world, all other things that worth something unfortunately risks a lot more and even bitcoin sometimes has a lot of risks so saying that under 10k is a gift kind of tries to imply that it is better option than many other profitable business out there.

I still don't know how much we can trust this instinct because there is no guarantee that bitcoin won't go down but all things points to a better price than under 10k anytime we fall under it.

But the problem, many people don't realize about that, and they want to see the price going to lower again so they can start to buy. We cannot always get what we want, and if you can see bitcoin price can get down too deep, then you need to buy, don't wait for another lower price because you might miss that. In this situation, you can split your money become two parts, one is to buy for the lower price than the current price, and secondly, you can place it on the lowest price just in case the bitcoin price will get dump so hard. I think that will help you to get bitcoin at the lowest price but if the price increase after the price you bought then you don't have to worry because there will be another lower price in the future. Bitcoin will be up and down, so prepare your money to buy bitcoin.

I see the price is going down so fast today, ~$10k could be hit again if the trend continues. No doubt that this will give us another golden opportunity to buy and accumulate as I believed we are still in the accumulation phase.

So let's continue to see if the market dumps in the next 24 hours. Although others may say that 5 digit has a lot of support, but a few weeks back it was slice like a knife. It might happen again so we need to be very fast scooping more bitcoins again.

This depends  on how you wanna deal in crypto because we have our own desire why we are here,while some of us are here for daily or short term profit,some are willing to make a holding so its the choice that will make you decide to buy even on high,or just focus on buy low sell high
What?sorry but I’m loss here.
Who’s gonna ask for whom?i guess there’s nothing like that happens here
Lol is that a joke?you will risk a loan to invest for something you have no assurance?if you are around crypto for years you’ll find how many people here cried because of this wrong decision

I will not disagree about that bitcoin enthusiast who happens to say that below $10,000 is a good buy. Last week it touched down at $9,300 and I buy btc at that price. Doin' some short term trades and the current price of bitcoin is at $10,600 now, it already reached my target profit. Since there will be another dump, we can still buy below $10,000 and enjoy some short trades.

Which service stops ?
I think you do not have much knowledge of bitcoins.  Bitcoin might fall 1000$-2000$ due to any dump but in a long run it will be hard to get the bitcoins under 10,000$. These days you will find  it impossible to buy bitcoin at one thousand dollar and after a year you cannot even think of buying it under 10K.

As much as the $10k price was a gift because there is going to be one time in future that this price will never be seen again, just like we can never see between $1 to $2000 in the life of bitcoin again, but that would not warrant that we go take loan for cryptocurrency investment, it is highly risky and you might have lose all before you even get to see the increase.

If bitcoin price dos not rise the time you give your creditors to pay them back, you will surely have to pay them back, which means that you have to sell whatever is left and the collateral you must have dropped to pay them off, the best way to our money into cryptocurrency is to save up for it and put whatever amount that will not affect you too much or amount you can afford to lose.

Investing in crypto is really a high risk decision. If you are a newbie in crypto, you should not invest just because your colleagues are also doing it, the chance of losing your money is high in that way. You should learn first the basics of crypto especially bitcoin. And if you are already confident with your decisions, then maybe you can invest it with your own decision in place and not relying to anyone else. You can't blame someone with your decisions, right?

Which service?

bitcoin rise a lot every years , and i think now it is the time for prices crash hard
bitcoin price can crash to price of mtgox When the service stops

Even at this stage we can't really know what would be gift and what would be alarm bells. I know people think that just because we have bitcoin at under 10 thousand there is a way to go back up but that could also mean going even further down if its a bear run. There is no difference between going under 10 and than going back up versus going back under 10 than going under 9 even 8 which means we have no idea which one is going on at that moment until its too late.

Hence, we can't really blame people for not buying under 10, last time if we did it we could had a bit of profits and this "gift" idea would have been true but remember days when going under 10 was just the road where we went down as far as 6 thousand and than 3 thousand, it could have been like that too.

Price suggest that we buy considering how much it was and that have up tread. Still more then 50% of population into crypto this price is expensive as mentioned here. So then they will probably ask what to do. Most know that price will go up and some will make risk, example go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.

10kusd indeed a gift but only for some peeps that can afford to bought btc during this level but calling it a gift isnt also a good term to me because to me a real gift means that you will only recieve it for free  but in the case of btc , btc is not free for all  .

only way to get btc is to to work for it  ex . to mine  or you could also buy btc using your own hard earned cash  .  however btc at 10k usd is still expensive to some peeps and they are wishing for lower drops than this  .

Right now, we are again into the region of grabbing gifts. Still, I think there is an in between level from "holding long term" and "trading daily" which is "buying each month" which people do not really use that much. You could totally spread out your purchasing levels each month by diluting your purchase levels like buying 500 bucks per month. That is really in between level because its not as risky as buying all in and its not really as big of a skill related thing like day trading.

Hence, there is really a middle level that is both great for future and not requiring too much skill or knowledge of the market. You only have to have enough funds every month to buy which is normally a hard thing to achieve but you can deal with that by just diluting your current cash level by dividing that into 10 and buying for 10 months and if have some left over because of the price you buy more and if not you can save some to cover the 10th month.

indeed

10,388 is the target for the price close this day out in an hour or so.   If its below there its acted negatively all day and I would speculate will continue.   Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support.   Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable

Based on how bullish the market currently is, I'd tend to agree with him.  As it stands at this moment, bitcoin is above $10k and there's no telling if it's going to fall back below that mark.  People who bought bitcoin below $10k were probably smart in doing so.  As for me, I wish I'd backed up the truck when we were stuck at $3500 for months--too bad I didn't have any extra money to buy any bitcoin at the time.  Story of my life.

Yeah, I don't see bitcoin turning bearish anytime soon.  I'm not saying it never will, but right now there seems to be a lot of new money pouring into the market and driving the price up.  That kind of momentum doesn't just stop on a dime.  We'll see dips and probably a correction or two, but I'd imagine that $20k will be reached at some point next year.

For sure. People outside the rational circle buy because they see the price go up and sell because they see the price go down.

I wonder how many of the self-proclaimed analysts and experts considering certain price levels to be a good buy actually buy themselves. I think not many. If their analysis ever worked they would be making a lot of money trading Bitcoin instead of analyzing a market they don't understand.

Today's "gift" price can turn into a shit price you wish you didn't touch the day after. It's so subjective and nonsensical that people should never follow any of this advice.

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.

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.

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

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.

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.

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.

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!)

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.

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?!

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.

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.

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.


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


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.

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.

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

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.

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

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!

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.

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 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.

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.

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.

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.
 

Good analysis as we can see bitcoin is now over $10,000, currently $12,000 to be exact.
The correction is normal, it bring the price down and that's a gift for those who are not finish in accumulating yet.

I've started buying when bitcoin was really cheap and since i always believe, I never panic on whatever happen in the future because I did buy when people are starting to loss their faith on BTC, now that I'm seeing a new light which bitcoin prove it could bounce back hard, I would always then believe on experts and analyst who are bullish in bitcoin.

Yes and this is actually where most of my retail friend investors and other FOMO people fall in.

I told people to buy BTC and they said its not worth it because the max they can make is like 20% and they wanted something like 1000% or so.

They saw that ETH was $10 before the bull run and peaked at $1400 and they are looking at those types of gains. Which is why so many retail people are buying XRP now because its cheap and they expect it to hit $3 again.

That's intuitive, which is why lots of newbies chase altcoins.

In practice, here's what happens: as BTC rises against USD, altcoins stagnate and fall against BTC. They can spend months drastically underperforming, during which time altcoin holders are losing BTC hand over fist. By the time most of them have capitulated and exited back to BTC, it'll finally be time for altcoin season.

In other words, most of them will miss out. Over time, most people realize it's easier and more reliable to just hold BTC rather than try to beat the altcoin market cycle.

Well if below 10k is a gift, you need it to hit 20k to double your money.  That is pretty damn hard would you agree?  Imagine wanting to 10x it.  That would mean bitcoin needs to hit 100k.


I mean, wouldn't an altcoin give you a better chance?

People who are interested with Bitcoin should always be watching its dip below the $10,000 zone as a great opportunity to add more hoard or to join for the first time. In my opinion, with the way it is now, it would already be an extreme if Bitcoin can go lower than $9,000 or $8,000 so every little dip can be considered indeed as a gift. The overall market sentiment remains to be bullish especially as we are heading towards the end of the year and into the 2020 period where many people expect more energy and vigor in the Bitcoin ecosystem.

What a misleading term, gift? what if the price continue to plummet before $10,000? How some analyst call it? discount? The thing with this analyst is that most of the time they simply gave us false hope to cling to something, "this X price is a good entry point", blah blah.

We have been in the period of accumulation many months ago, starting at $3200 so I don't understand why this so called experts, they should at least preach it before and not that after we have reach 5 digits and then once we go below it someone will call that it is a good time to buy.

Its a great gift from above that we must not decline, we should take that as opportunity. Instead you panic, you study bitcoin and buy at your best because lower than $10k is very cheap and we don’t know if that is the last bottom for the entire history of bitcoin. I always do my best to own more bitcoin every dip.

Bitcoin can be an asset as well as financial asset with high liquidity better than gold but volatile make the prices to be in always danger even if they keeps going higher we will get the fear of when it is going to be dumped so when we have to sell it to make more profits.

For the people who missed their chance to invest on $3000 at least need to utilize now because after next years halvening we might see this prices as nothing.

I agree with the what the analyst said because he believe that it is a good time for the investors to accumulate more Bitcoin. He said this because $10,000 acts as a psychological support for Bitcoin. In my opinion, the price of it can go at around 8500 anytime and it will act as a support and after that a bounce can happen. The pulse is decreasing meaning that the price of Bitcoin can go low.

There will still downfalls that may experience in the coming weeks or months, thus a great opportunity for us to buy more at the dip. In every dump and pump there were always speculators saying so many things and that's the reason why it happened and so many advices popping up in social media leading to the FOMO of some investors.

Another analyst will have a different opinion, but what really matters is what you think of the price, If you check the analyses and you agree with it that the current price is a gift, you should take it but if you feel it is just a hype then you wait till you find the price more reasonable.

it could be a gift, especially if it goes down to <$ 6K like last month. Bitcoin can be> $ 12K this year is a gift if we can get that opportunity.

I still think any price is a good entry, but of course those who got in at 3k will always be saying that this 9k level is also a gift, a 3x instant gains gift, and they may believe that the price could drop even lower, if not back to 3k, which will be the real present for all these speculators. Me, I'm ok with this price, I could even like it better lower!

I'm extremely bullish for the long term, so I would definitely agree that whatever coins I manage to buy through DCAing at these prices are most definitely a gift and will pay off in the future. Not trading leveraged anymore as we're seeing large stophunts now and things seem somewhat uncertain at this point in time, but I do not expect this bearish trend to last too long.

Perhaps you are right, but now I am watching for growth and it is very random at all times, but I haven’t yet observed below 9,000

I think that now we have good opportunity to buy more! BTC price will be higher with time, up to 40k untill 2020, I quess. So even now - falling market its good. Whatever, course will make up x100 with time. No reason to worry. BTC is already don't only currency, it's already financial instrument that better then gold!

Summer isn't the best time of the year to expect a big rise in the bitcoin price but a full to $7k soon will a little bit unexpected. I think it will keep +$8k until August.

We are on a very speculative market this is why we do make continuous speculation.No one can predict the future.We have seen countless analysis by so-called experts
or popular person but majority of them do tell non precise things yet this entire crypto market can move out against or oppose on what they have said.So in short, the only
thing we should depend is on how you would utilize such price movements.

I do agree with Rager and I have read similar analysis from about 8 analysts on Twitter. It might be the last time we are seeing below $10,000. This year bitcoin price is too good to stay below $10,000 for long. I do believe that bitcoin is going above $20,000 before end of this year and that means if you buy now you may make good profits.

This is what someone says when they're still holding from above $10K.

Sure it's a gift, but this analysis is so imprecise it's not useful. Where's the bottom? $9K? $8K? Lower? This guy has no idea and it makes a huge difference to anyone trying to buy in. There's a good chance people buying now or holding from above $10K based on sentiment like his will be squeezed into selling much lower.

That's why I hate empty statements like this. They aren't informative and they cause people to cling to hope. Another 10-15% drop is possible, even likely. When the market is in the low $8Ks you'll find "anything below $10K is a gift!" wasn't useful advice at $9,600.

You forgot to post the source:

Analyst: Bitcoin below $ 10,000 is a gift!

I don't see good news to drive the price increase, so my short-term forecast is that we will see the $7000 price again. I'm not happy to see the price of $7000 again, but from what I see it will be inevitable, the current price is $9400 and it is slowly falling, so we will soon be at $7000

The dilemma really here is that there is the stigma in the market when Bitcoin shows signs of bearishness after a great bull run almost everyone is afraid to buy some more or enter the market. Even the ones who wants to join in thinks its too late that Bitcoin already did its time and now will go down. They would rather buy Bitcoin when its pumping rather than Buy Bitcoin when it has bottomed out. Now even if the market is still consolidating they still see it as a sign of bearishness so it really affects the market confidence in the market.

Bitcoin falling low is a gift for users who consider investing for long term profiting. For users who have been into trading never consider about the steep falls, the entire focus will be into the price fluctuations. Out of the fluctuation they keep on earning through the process of buying low and selling high. There is more chances for the market to turn bullish crossing $10000 by the ongoing weekend. If there is any form of bearish move then we can expect the price to fall as low as $8000.

It is needed to look at the chart, as soon as there will be a candle up, this is a sign that the whales have begun to purchase. So when the price of Bitcoin falls you should be attentive and wait for whales activity (it is your "gift" or I call it  the golden time to buy)

We already concluded that the future of Bitcoin is truly bright based on the generally accepted sentiment of the market. Therefore, any dip just like what we are experiencing right now can be a very good opportunity to get in and be a part of the Bitcoin bandwagon or the best time to further increase one's holdings. The volatility of Bitcoin can affect us all yet this is one element that many traders are always happy with as the movements of the cryptocurrency can provide the best tool to make some money on the market. This is an opportunity one should not miss easily.

I hope many investors, traders, and speculators are reading this article, so they can take this opportunity, I've bought Bitcoin every time there is a drop and encouraging my friends to buy at their convenience at this level, there is a profit to be made at the current Bitcoin level, let's see in the coming days if the prediction is true.

Today the BTC price has reached $9500, so i support your opinion it is the best time to buy coins. It is unlikely Bitcoin will fall further, because this rebound lasts so long

The only thing we can be sure of is bitcoin will keep moving, we are not sure if it will move up or down, but that's what bitcoin does. My prediction is it will go down slowly, and for the end of the year we will see another mega bump. Is just my prediction and is based on a feeling.

This does not surprise me. When Bitcoin falls down, losing several thousand of its price, the coin turns into a discount product for big players. The current price of Bitcoin is less than $10,000 because I think that soon the whales should buy big amounts and make a pump

In my opinion, this sub 10k is a real good opportunity to buy BTC

To minimize the risks, you can buy in parts, I see a strong support in 9k and we should not see 8k levels again

I lost the opportunity to sell at 11k and buy again in this dip, so I'm only watching and hold my BTC waiting the next rise

I believe most Bitcoin optimists including me would agree with that idea since our foresight are geared towards BTC's long term value and viability. Considering the time frame from Bitcoin's inception up to now, and its rise above the bear market of 2018, we can say that there has been more awareness about this technology than ever before and its fundamentals are still strong so a price rate of $10,000 below would not create panic among its stakeholders. Imho.

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

What do you think, will there be any further increase in Bitcoin?  

Link from where the article is taken: https://blockchainjournal.news/analyst-bitcoin-below-10000-is-a-gift/