Anyone waiting for BTC price went down under $7,000?

Silberman

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Quote from: Jating on March 14, 2018, 03:23:49 PM

Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

Of course even major price correction is a perfect time to buy. Right now we are sinking and trading at around $8300. But if my memory serves me right, the last dip we see is around $5.5 - $6K, so its possible that we can go as low as $7K but we need to look at how the resistance at $8K will hold.

If it hold then for sure we are not going to as low $7K, so I would advise you to buy at the current price because for me its already cheap. You don't need to wait till the price goes to your expectation, otherwise if it didn't went your way, you already lose your chance to profit at the end.

Now the price is close to 7000, but I do not know what it is that obsession of some traders to enter at the absolutely lowest point of bitcoin, right now is a very good moment to enter the market everything is down and you can get almost all the major coins for a huge discount you cannot ask for a better entry point so it doesn't matter if you buy some hundred dollars above the lowest point of the market, the most important thing is that you get in at the right time and this is the right time.

BenjaminVanHouten

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Quote from: removebeforeflight on March 14, 2018, 03:05:06 PM

Bitcoin would never come that much down as everyone expects, it may come down like around $7k but would bounce back double the price within couple of months. The price reduction as you expect has gone in January itself and there is less chance that Bitcoin would come down to $6k and I personally think that is not possible for this year. Best buy would be around $7k I guess.

The BTC price is slowly sliding to $7,000 today. I am watching the price carefully as I do think the price will even go down today.

greeklogos

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You are a little bit late with this opinion. All of those people who wished to invest in bitcoin did it on 6k$ price which was just like a month ago. I guess now everybody wait for bitcoin come back on 20k$ At first and then continue it's growth.

pitiflin

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

People who are waiting for the price to drop have this mindset and things don't work according to them, they all aren't Nobuaki Kobayashi. Get over it. Buy if you want or just go away. Really doesn't matter. Because you don't know how to speculate, which would mean that you don't know how to buy and sell at the right time. You don't wish to do your own diligence, so you really don't want to stress yourself for something you'll never figure out.

readygoaw

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

As I see it, if Bitcoin price reaches 7,500 dollars, it might go on falling further. I consider this is the psychological mark, but I do not wish it sure.

adzino

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

People who did not or failed to invest on bitcoin when the price was low are the once who hope that the price will someday go to an extreme low point so that they can invest during the price drop. This price drop actually allows new investors to enter the market causing the price to go back up further to a new higher level.

aardvark15

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

I hedge my bets by making several buys as the price is dropping. For example, I may be waiting to invest $1000 after Bitcoin drops under $7000, but what if it never drops that low? In this case, I would not ever buy and I may regret not buying at a low of $7200. My solution is to split that $1000 into 4 buys at $250 at prices of $8000, $7500, $7000, and $6500. This way I don’t worry as much about catching the bottom.

poplolnman

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Quote from: BenjaminVanHouten on March 15, 2018, 04:59:49 AM

Woke up this morning and the $7,000 is almost become reality:

the prices reaches $7,850 which is the lowest price this month.

I will make my move when BTC price reaches below $7,000.

Better to anticipate the market turn around to bullish by buying Bitcoin periodically every time it gets drop. So you won't regret it in case the price bounce back unexpectedly quickly. I still believe it won't lower than $7,000 in the near future. Not now.

fulmetal08larz

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Honestly, if BTC price were to fall again at $7k level, I would wait for another dip and buy at $6.5k level. There's a very strong buy wall at around $6k which I believe big corporations are willing to buy and if it hits that level, probably a bullish run will be inevitable.

Aqualung89

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If it comes to the $ 7000 level it seems like a breakpoint. But there's got to be a short-term rise that is entering the end of the week, which will not fall any further.

putrii

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

seeing bitcoin movement to this day seems to have been very difficult to drop to $ 7000 because if you see suport bitcoin prices are very high will make hard to touch the price.

Slow death

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins.

this is because many people who have a very large social position in the business world and allied some governments are telling people not to invest in bitcoins because of high volatility

Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC.

These people should not think this way, the more the price is low, the person spends more bitcoins to buy anything in Fiat.

Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

Are you also waiting for this moment?

No

People are thinking that the price is destined to be very high, so they are happy when the price falls, but this is a very dangerous thought because the price can fall a lot and not recover.

exstasie

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Quote from: BenjaminVanHouten on March 14, 2018, 10:33:15 AM

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

Why $7,000? There's a cluster of volume support in the mid-$7,000s. If we lose this level, it's pretty much a given that we'll at least retest the lows. As Peter Brandt points out, the volume of the selloff (if that happens) says we'll go lower. He's targeting the $3,000s.

As long as bulls are defending $7,500+ then I'm cautiously optimistic.

BenjaminVanHouten

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Woke up this morning and the $7,000 is almost become reality: https://i.imgur.com/x9TOHVJ.png the prices reaches $7,850 which is the lowest price this month.

I will make my move when BTC price reaches below $7,000.

Pasnik

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Quote from: gatti on March 14, 2018, 06:11:01 PM

That is not possible to occur.Now the price of bitcoin is start to stable at 8000$,even this value is far enough to inverse bitcoin.Because we know the status of bitcoin will increases to 10,000$ in two or three .Hold the valuable bitcoin.

You know with the fuds lately it is possible price may went down to under $7k. Were positive bitcoin price may increase to $10k in a few months come. But, these days price of bitcoin is going down so Im still positive bitcoin wont go down this low.

gatti

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That is not possible to occur.Now the price of bitcoin is start to stable at 8000$,even this value is far enough to inverse bitcoin.Because we know the status of bitcoin will increases to 10,000$ in two or three .Hold the valuable bitcoin.

smith136

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$6k is a much better price for buy, although i think it will get stuck on 8k usd from the rest of the week, hoping there will no another fud incoming since i'm holding pretty decent amount of btc and it taking so much time already Cheesy

ciciteng

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Yes, yes, yes.
I already keep my booking order for sometime in the 7K and 5K. The sooner the better, so I will really have a Bitcoin sale before we heading toward summer and new ATH by then of the year Wink

UnDerDoG81

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Quote from: richardsNY on March 14, 2018, 02:05:21 PM

Quote from: UnDerDoG81 on March 14, 2018, 01:40:05 PM

Horrible times are coming. Would not wonder if we see sub 5k. Even sub 2k. No analysis, just past experiences.
We are following the same pattern as after the 2014 crash.

Horrible times? I see fantastic times coming in! It's impossible to compare the situation back then with how things are playing out right now. The only thing that might justify a slight comparison, is the fact that after a massive bull run, the demand is rightfully decreasing. In order to sustain the market at certain levels, the sentiment needs to be on par, and based on how people see the market technically has taken a massive hit, it translates into a market in decline. It's impossible to say where this will end, but basing it on my analysis of the market, today's dump will likely result in the market to visit levels under $8000 in the coming days. It has broken through a very important resistance level, and we'll see the results very soon.

Its MtGox again crashing the market, just like back then. Nobody wants to buy coins and move the price up, so that trustee can sell more and crash the market further. I´ve read here in the forum that he will start selling in September 2018 again. No chance price could recover until this idiot is out of the world.

Looks like the best thing to do is to forget about bitcoin for 2-3 years and sell on the next bull run.

fabiorem

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No. Im not buying it anymore. I will only sell, but since my target is far away, I will not sell now.

Its a single person dumping all the coins and pushing the market down.

Why delude yourself with TA?

Topic: Anyone waiting for BTC price went down under $7,000? (Read 495 times)