Bitcoin crash - How deep it will go? When should i buy?

error08

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Quote from: QuestionAuthority on January 07, 2017, 03:17:09 AM

I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.

The lowest price last time I saw was $820 too, less than I expected.
Good time for big buyers to buy back after sold at the $1100/BTCitcoin
I think it won't go down more deeply than that price.
When the price drop back to $850 and recover to $1000 in the next day selling frenzy happen cause the price fall down again.
People still waiting for another increase to $1000 and sell out again, we won't moving forward than Huh

BrewMaster

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Quote from: ifightformerkel on January 07, 2017, 03:02:13 AM

The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

well the $600 is simply impossible, don't waste your time my friend. and as for when to buy, it is not easy to say. you should have bought before all this started at $700+ not now.
but if you want you can buy anywhere between $810 and $860 because it seems to be the range that bitcoin tends to go to and spring back up right after.

Lucius

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Quote from: ifightformerkel on January 07, 2017, 03:02:13 AM

The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

You ask a very difficult question on which is almost impossible to give a correct answer.When you asked the question, BTC price was 837$ and now is around 900$.So on a daily basis price can go 100$ up or down.It may not be a smart move to buy now if you're planning a long-term investment.

This is time when we can easy go down under 800$ but also 1000$ is very close,new pump can happen at any time.Always is worth repeating what many think and this is that every price under 1000$ is good price to buy BTC.

Vaccinus

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i think you can safely enter at $850 it's already returning back as we speak check the value, bottom is reached dump is over

QuestionAuthority

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Quote from: manselr on January 07, 2017, 11:23:00 AM

Quote from: craked5 on January 07, 2017, 05:19:18 AM

Quote from: QuestionAuthority on January 07, 2017, 03:17:09 AM

I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.

Who needs a wife or a loving family if you got bitcoins? Especially at low price!

But to answer the question you have to take a look at the big picture. Currently if my information are correct, miners need on average a price higher than 700$ to make profits. It means that normally the price shouldn't sustain for long under 700 otherwise miners gonna see the shit hitting the fan.
But 1100$ made no sense it was a freaking pump ^^

I would say 700-900 is the trading zone now, after it stabilizes, probably at around 850 ish, we are going to stay there for a while and the lateral rise will continue. Take a look at the all time graph with hourly increases, the uptrend is still healthy, it was indeed a pump, then some people panicked and sold at the fast rise. We can't never know what exactly triggered it, some say the Chinese bullshit news, other a Coinbase hack rumor... we can't fully know.

The Chinese are controlling bitcoins price now, it might not be something as reasonable as news story. It's the year of the rooster. They're so fucking superstitious it may have been a cloud floating over Beijing that looked like a chicken taking a shit on a Bitcoin symbol that caused the sell off. That's the problem with having Chinese in control of the price, we may never know when or why the price of Bitcoin tanks.

manselr

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Quote from: craked5 on January 07, 2017, 05:19:18 AM

Quote from: QuestionAuthority on January 07, 2017, 03:17:09 AM

I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.

Who needs a wife or a loving family if you got bitcoins? Especially at low price!

But to answer the question you have to take a look at the big picture. Currently if my information are correct, miners need on average a price higher than 700$ to make profits. It means that normally the price shouldn't sustain for long under 700 otherwise miners gonna see the shit hitting the fan.
But 1100$ made no sense it was a freaking pump ^^

I would say 700-900 is the trading zone now, after it stabilizes, probably at around 850 ish, we are going to stay there for a while and the lateral rise will continue. Take a look at the all time graph with hourly increases, the uptrend is still healthy, it was indeed a pump, then some people panicked and sold at the fast rise. We can't never know what exactly triggered it, some say the Chinese bullshit news, other a Coinbase hack rumor... we can't fully know.

craked5

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Quote from: QuestionAuthority on January 07, 2017, 03:17:09 AM

I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.

Who needs a wife or a loving family if you got bitcoins? Especially at low price!

But to answer the question you have to take a look at the big picture. Currently if my information are correct, miners need on average a price higher than 700$ to make profits. It means that normally the price shouldn't sustain for long under 700 otherwise miners gonna see the shit hitting the fan.
But 1100$ made no sense it was a freaking pump ^^

ultrloa

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Quote from: ifightformerkel on January 07, 2017, 03:02:13 AM

The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

well im afraid that the downfall might gonna go deep for more since many people are little bit afraid and do some sellings on the coin they have, but lets hope that history will not repeat again for the price to reach at its deepest price its beacause surely we cannot earn huge money from this if the price will soar down, and last thing i hope for this situation is people should hold their faith so that the price of bitcoin will go stable.

Synthian

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Quote from: ifightformerkel on January 07, 2017, 03:02:13 AM

The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

I will wait for 400$ or 450$ to buy some cheap bitcoins. I never join bitcoin with this deep crashing. it's too risky to buy bitcoin at 600$ or 700$.
Many investors are trying to sell their bitcoins because of many bad rumors from china.

iTradeChips

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nobody knows how the price will move. personally i dont like to buy btc i just sell what i earn and try to time the selling when it rises a significant amount like this time. luckily i sold what little dust i had at around $1100. now its time to grind the gigs here for some cheap coins..

lumeire

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Quote from: ifightformerkel on January 07, 2017, 03:02:13 AM

The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

I for myself will be waiting at ~$500-$600ish before buying. If it falls at the ~$400 levels, I'll buy more.

equator

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Recent news of china giving some chances in law to the users of crypto currency to limit the transaction and they are watching all details about trading, that is the reason of the crash

jingyu

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I had been closely watching the price and been pondering when to sell. I think I have to take a full guard on my emotions now and stop feeling the greed. In general I am confident bitcoin will do good this year.

Herbert2020

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what you call crash is in fact a simple correction. you are just giving big numbers in your first post without looking at the charts. let me help you with that.

you see that candlestick before the last? that is called a spike and some may even call it a bubble and every bubble needs to burst and price come down. now we are at the correction of that $1100 sudden rise. and nothing is out of the ordinary.

thenakedemperor

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don't buy at all it's a shitty stock

bitbunnny

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My predictions are that price will not go under 800 or 750 maybe, this will be a temporary correction and after that the price will start to go up again. This is just a prediction because there is no method to determine the price but if you buy now you will not make the mistake, the price will go up again.

QuestionAuthority

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I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.

Harlot

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I don't know when but traders say that don't catch a falling knife. There is really no technique yet on how to predict what is the exact price decrease of a certain asset. It might be just a correction and it might go back up in the next few days. In short many traders have sold their Bitcoins at 1000$ or anove that is why it got back down again.

avikz

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That is the normal characteristics of any stock market. After a dream run, all stock price goes down because people tend to book profit and sell their holdings. So nothing to worry about it.

Seeing the current level of $860, I would recommend you to buy more bitcoin if you want to make profit in short run. But don't invest a big amount. You can invest small amount after certain period of time. This is called "Systematic investment plan"..Invest small amount after certain duration. So that you can average out the price and make good amount of profit when the dream run starts again.

ifightformerkel

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The bitcoin price is crashing really hard at the moment and lost in the last 48 hours over 350 Dollar.
It go from over 1.190 Dollar to now 837 Dollar.

I think it is a good buy opportunity for us, but when i should buy, what do you think how deep it will be go?

Should i wait for 600 Dollar or should i buy now?

Topic: Bitcoin crash - How deep it will go? When should i buy? (Read 1462 times)