Benefit from possible BTC dive? | Bitcointalksearch.org

GrannyC

member

Activity: 224

Merit: 10

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

Now you have BTC futures to bet for a drop. You can make a lot of cash.... and also loose all of it.

Cryptolead

newbie

Activity: 33

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I think now is not the best time to invest in BTC. Since the beginning of the crazy rally there has been no real correction. It does not matter what it was a hyip, pamp by whales, manipulation with USDT or all together. There is more than one hardfork ahead. And maybe at the end of the year or at the beginning of the next we are waiting for a real correction. I suppose that the rate can fall to 11-12 or even 9 thousand dollars. Given the current situation and the excitement around BTC probably correction will not be long and we are waiting for a new rally.

malikusama

copper member

Activity: 1050

Merit: 294

Surely not a correct time to bet because there is high uncertainty in bitcoin price during these days, i think we should wait until the correction for next move. No other altcoin is showing good results in these tough market scenarios except the ethereum, monero is another good option but not the best one, i will still go with ethereum due to its impressive growth rate.

mobnepal

legendary

Activity: 1218

Merit: 1006

Monero is not bank friendly for sure but you can consider ripple as crypto for bank and financial institution but it is not a true cryptocurrency in my view because it is centralized.

Monero, ETH and bitcoin cash might get pump during possible correction on bitcoin but they will never dominate bitcoin. Money keep flowing between bitcoin and altcoins and we have seen this many times before too.

OMGyasuo

full member

Activity: 149

Merit: 100

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

If btc falls then it is simply an opportunity for traders to make more money. I think there will be no money to grow beyond it. Unless there is another system running in parallel with the blockchain to create other currencies.

Xenrise

sr. member

Activity: 672

Merit: 251

Bitcoin already dove, and right now it is now rising. Mooning right now is the best description of bitcoin. Bitcoin will be at 20k USD or more! It came from many people that bitcoin will reach 20k at the end of the year.

dominikas18

newbie

Activity: 32

Merit: 0

Quote from: DuaLipa on December 09, 2017, 08:27:04 AM

Quote from: DaMut on December 09, 2017, 07:45:38 AM

correction is expected to be honest because of this crazy run,
we may be can see a huge run that will happen in the future but at the same time we may be can see a sustainable pump.
why ? because if we're succesfully get listed on CME group's futures later on and get a positive feedback from people,
it has a possibility that in Q1 2018 there will be another listing that will happen with it,because i heard rumour about that kind of activity again.
but what happen if the downrun is running while there're no sign of comeback ?
every altcoin will be get pumped absolutely because people nature's.
people will not sit and do nothing while they can make a money by pumping the altcoin.
of course the pump will be arranged from the top one to the shit one.

Short positions will fail in short and middle term clearly. Shorting bitcoin or trying to benefit from a possible bitcoin crash is not a good idea, at least it's not for me. I can't take this risk. We saw that bitcoin is very volatile and never do your trade according to its crash.

Shorting in such a bull market is a crime)
There is also an example of CBOE futures launch on 10 December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM

BennDragon2

newbie

Activity: 33

Merit: 0

Quote from: sana9826 on December 09, 2017, 09:23:15 PM

if btc dives, you should buy it, then hold it for a month, the price will bounce again, everytime its price fall down, there's a chance to buy btc to be invested, make every chance to be worth, second chance is hard to come back again. dont take long time to think whether you shlould to buy or not.

bitcoin bounce back to 18k$ can not happen in just 1 months, it take at least 3 months.

Jaya912

full member

Activity: 280

Merit: 101

Quote from: kaya11 on December 09, 2017, 08:22:47 AM

I have watched LTC increase dramatically and my mistake was not buying the coin instead I bought some ethereum using BTC when I saw it was dropping from $16k. It's really hard to predict which coin to buy when BTC drops, I also don't engage in signals even though they are free. We all have our own intuitions, it's just a matter of right or wrong.

I think recently old altcoin trading is profitable like etherium waves and litecoin. If still confuse, better just take time to buy all of them and have more chance to gain profit.

wagi

full member

Activity: 196

Merit: 100

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

Not that easy to change bitcoin with monero. Monero does not has enough value to change bitcoin
The most possible coin is etherium but this time also still not enough value.
Drop os just correction then will moon again. Bleieve it.

sana9826

full member

Activity: 145

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if btc dives, you should buy it, then hold it for a month, the price will bounce again, everytime its price fall down, there's a chance to buy btc to be invested, make every chance to be worth, second chance is hard to come back again. dont take long time to think whether you shlould to buy or not.

jimbo2000

full member

Activity: 336

Merit: 100

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

I wish it were the case but I think if this happens then no coins will benefit in that time, they will all suffer because for many the crypto market is defined by bitcoin. I wouldn't be too disappointed to see a fall in price as it would give me time to gain and buy a bigger holding but I do think that if such a bear market occurs it will be across crypto not just bitcoin.

ivrynx

full member

Activity: 518

Merit: 103

since there was a dip recently, if you had bought your bitcoin during the time that it had breached 17k usd, do not worry, bitcoin will still remain strong and do also consider the upcoming season, which is the holidays, people will surely take profit, once the see their investments go up, just to have some extra cash and that being said, we are about see a correction in the market in the upcoming days,, since the holidays is not over yet, do no just panic, and also do check other cryptocurrencies, bitcoin is not the only cryptocurrency out there, also learn to do trading, it also helps, since it is a cryptocurrency, it is also highly volatile and study first, learn about trading in this way, you can still earn even if bitcoin is down. let us also not forget to buy low and sell high or hodl for most of us, bitcoin's price has gone down, it is better to do cost averaging if you bought bitcoin at a high price.

/GeertJohan

sr. member

Activity: 409

Merit: 250

My thought is its impossible to happen. Because lots of peoples were using it..
If it happen I am getting involve in two ways,
One is i will watching other cryptocurrency and i use to trading into that. For example, ethereum and litecoin or XMR are the next place in BTC.Because if it dive next place of the coin will get rise up..
Second thing is I trade Btc to fiat..

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

Yes, of course, you can bet on it and there are many ways to do it...you can convert your Bitcoin into fiat money when the value is quite high and then buy later when the price is lower the difference can be your profit or you can use it to buy more. You can also use your Bitcoin to buy an alt ( you are mentioning Monero here) and as for alts there are many choices but of course since nobody can be sure of what can be there is always a guessing element or even a gambling act here...let's just hope that you are doing the right thing that will turn out to be profitable in the end. Good luck and more power to !!

DuaLipa

full member

Activity: 198

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Quote from: DaMut on December 09, 2017, 07:45:38 AM

correction is expected to be honest because of this crazy run,
we may be can see a huge run that will happen in the future but at the same time we may be can see a sustainable pump.
why ? because if we're succesfully get listed on CME group's futures later on and get a positive feedback from people,
it has a possibility that in Q1 2018 there will be another listing that will happen with it,because i heard rumour about that kind of activity again.
but what happen if the downrun is running while there're no sign of comeback ?
every altcoin will be get pumped absolutely because people nature's.
people will not sit and do nothing while they can make a money by pumping the altcoin.
of course the pump will be arranged from the top one to the shit one.

Short positions will fail in short and middle term clearly. Shorting bitcoin or trying to benefit from a possible bitcoin crash is not a good idea, at least it's not for me. I can't take this risk. We saw that bitcoin is very volatile and never do your trade according to its crash.

kaya11

full member

Activity: 1344

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SOL.BIOKRIPT.COM

Quote from: BitcoinHodler on December 09, 2017, 07:53:30 AM

usually a bitcoin drop creates as much chaos as its rise makes.

in cases like this i prefer not to get too involved with the market specially getting involved with altcoins. and i keep to it at least for a while until i can see some solid movement somewhere then come in to invest in it.

and it is impossible to say which coin is going to rise if bitcoin drops too. for example after the recent drop, LTC suddenly went up nearly 60%

I have watched LTC increase dramatically and my mistake was not buying the coin instead I bought some ethereum using BTC when I saw it was dropping from $16k. It's really hard to predict which coin to buy when BTC drops, I also don't engage in signals even though they are free. We all have our own intuitions, it's just a matter of right or wrong.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: Spikeit^ on December 09, 2017, 07:25:29 AM

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

The bitcoin price went from 7200 USD to 5800 USD a month ago and the bitcoin cash price hit record levels of around 1500 USD.Perhaps the only altcoin that will "win" from a bitcoin price crash is BCH.Off course nobody can predict what will happen.I`ve never used Monero,is it really bank-friendly?
If you really want to buy Monero,just buy it.Don`t ask for advises,because nobody can predict the monero price.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

usually a bitcoin drop creates as much chaos as its rise makes.

in cases like this i prefer not to get too involved with the market specially getting involved with altcoins. and i keep to it at least for a while until i can see some solid movement somewhere then come in to invest in it.

and it is impossible to say which coin is going to rise if bitcoin drops too. for example after the recent drop, LTC suddenly went up nearly 60%

DaMut

sr. member

Activity: 1274

Merit: 263

correction is expected to be honest because of this crazy run,
we may be can see a huge run that will happen in the future but at the same time we may be can see a sustainable pump.
why ? because if we're succesfully get listed on CME group's futures later on and get a positive feedback from people,
it has a possibility that in Q1 2018 there will be another listing that will happen with it,because i heard rumour about that kind of activity again.
but what happen if the downrun is running while there're no sign of comeback ?
every altcoin will be get pumped absolutely because people nature's.
people will not sit and do nothing while they can make a money by pumping the altcoin.
of course the pump will be arranged from the top one to the shit one.

Spikeit^

newbie

Activity: 6

Merit: 0

If BTC drops significantly the next few month only to rise again to new levels (which both things will happen, I think) - would it then not be a good time right now to "bet against it"? Do you guys have any currency in mind who would win big if BTC drops? I'm thinking about the bank-friendly Monero (XMR)?

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