Anyone who didn't see it as a buying opportunity really needs their head examining. The news that caused it was never catastrophic and anyone who could observe that would be able to see it was mostly an overreaction in the market and a recovery would come, the skill came from accurately picking the bottom and I'm sure many entered more around 10-11k but they'll still get a nice profit soon just not quite so much. Bitcoin probably won't dip below 10k ever again.
People are easily influenced unless the news has something to do with the bitcoin code or a bug I do not consider it to be a big news, it may be an influential news but not enough to move the market in a permanent way, if people understood this they would have realized that bitcoin was going to recover. 
Topic: Bitcoin's bloodbath was totally normal & the biggest buying opportunity in 2018 (Read 284 times)
January 20, 2018, 10:26:53 PM
January 20, 2018, 08:18:57 AM
Yeah it doesn't mean that the price is going that you also have to go down the benefit of having to monitor the price movement of bitcoin regularly is that you get a chance to see when you are going to sell your bitcoin, the problem nowadays with the people is that they so into the down they forgot that bitcoin is still increasing.
January 20, 2018, 07:25:50 AM
I wouldn't say that the price crash was normal, but all I can say is that it's a great opportunity to get your coins cheap while everyone is doubting bitcoin's capabilities to do another push. The negative press generated by South Korea and Indonesia's recent stance about bitcoin actually helped the price go down that deep, and also filled some traders money with more bitcoins due to the fact that one bitcoin got low as $9500 this week. The bloodbath also caused me to increased my holdings in several altcoins I hold. All in all, the second week of January just proved to be another rush sale of cryptocoins in the market while everyone is shouting this is the end.
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January 20, 2018, 07:16:08 AM
Great article and great post. It doesn’t affect me so much as I cost average, but it exemplifies perfectly what I have repeated many times here: when you buy an asset you have to do your research and know why you are buying it. If you are persuaded that bitcoin is a good long-term investment, a situation like the recent one is a great opportunity to buy more. But there are always naive investors who buy at the ath and sell due to panic when the next dip comes.
January 20, 2018, 07:01:06 AM
This is the biggest and only buying opportunity for bitcoin in 2018. I agree that price was increased anormally to 20000 US dollars, and this correction to 10000 US dollars was inevitable. However Bitcoin still in an increasing trend and I expect minimum 50k this year, and this will be my exit time. We will probably see another couple of corrections in the future, but this type of decrease is difficult to see. As Bitcoin Vanga says, under 10000 dollars is what we will not see a long time, we have to catch the train now or never.
True. This can be the biggest window of opportunity to get into Bitcoin this 2018 as there is a good chance that after the first quarter Bitcoin can already be starting its rampage and surge. Real experts in Bitcoin are already predicting that Bitcoin will be booming this year and this sluggishness we are experiencing now is just a way to prepare Bitcoin for such a big growth. People who are holding Bitcoin should never get discouraged instead they should continue on believing that the best is yet to come...for Bitcoin. We should not listen to the mainstream media and some personalities who are expressing gloom and doom scenarios for cryptocurrencies...am sure those people do not understand what cryptocurrency is all about and all they know was the tulip mania back many centuries ago.
January 20, 2018, 06:31:43 AM
This is the biggest and only buying opportunity for bitcoin in 2018. I agree that price was increased anormally to 20000 US dollars, and this correction to 10000 US dollars was inevitable. However Bitcoin still in an increasing trend and I expect minimum 50k this year, and this will be my exit time. We will probably see another couple of corrections in the future, but this type of decrease is difficult to see. As Bitcoin Vanga says, under 10000 dollars is what we will not see a long time, we have to catch the train now or never.
January 20, 2018, 04:38:17 AM
I noticed that you linked 3 of my posts there, citing them as people panicking about Bitcoin being over.
If you read the posts I wrote, not just the title, you'll see that I too claimed that Bitcoin was not over, and that this was just the exaggerated January pullback - exaggerated because of the alt-boom.
I too managed to scoop up some cheap BTC during this time.
If you read the posts I wrote, not just the title, you'll see that I too claimed that Bitcoin was not over, and that this was just the exaggerated January pullback - exaggerated because of the alt-boom.
I too managed to scoop up some cheap BTC during this time.
if you don't want that to happen then stop making misleading titles. and it is not just a one time thing, you are intentionally doing it multiple times even after seeing how people only read the title and are misled!
what is a title if not a short summary or a representative of the content of the post?
January 20, 2018, 01:15:47 AM
It's not just bitcoin's ability to repeatedly recover from such losses, but rather it seems like these sorts of losses are crucial as a "go ahead" signal for pumps in the future. Every time a dump has happened, bitcoin has not only recovered, but also made profits from previous peaks.
A lot of the new people in crypto may be panicking right now, but anyone who is experienced here should know that bitcoin will make a recovery soon.
Most of this has come from FUD, and understandably. But i believe this to be a great buying opportunity, and so does OP. I wouldn't mind buying some more if i still had the fiat to do so.
A lot of the new people in crypto may be panicking right now, but anyone who is experienced here should know that bitcoin will make a recovery soon.
Most of this has come from FUD, and understandably. But i believe this to be a great buying opportunity, and so does OP. I wouldn't mind buying some more if i still had the fiat to do so.
January 19, 2018, 11:26:37 PM
You are a very optimistic guy as i can see, you are right, it was just another opportunity to buy cryptos, but not bitcoin.. Just altcoins, for me, that is the most profitable thing that you can do right now.
I have made a 30% just by buying ADA during the last dip.
I have made a 30% just by buying ADA during the last dip.
January 19, 2018, 08:42:02 PM
... "We view this $9,000 as the biggest buying opportunity in 2018 — and we would be buyers at levels around here."
...
...
Why doesn´t he put his money where his mouth is? "We would be buyers ..." doesn´t sound as if
he or his fund actually bought the dip. Personally, I think that we will see a much lower Bitcoin price
than 9000$ in 2018. Many people bought in for the easy money and when they realize that their investment
won´t double or triple in a month they will sell their Bitcoin holdings out of disappointment.
We should all keep in mind that many people that entered during the 2017 bull market have
never experienced a prolonged bear market.
He might have already bought but has phrased it as "we would be buyers" because he doesn't want to look like he is talking his book.
January 19, 2018, 07:19:36 PM
I see, don't take it wrong because I have nothing against you. It's just because it was easy to pick while I had the "speculation" page open instead to re-re-read topics to find similar... it's often the chao in my browser... sorry
January 19, 2018, 04:21:52 PM
I noticed that you linked 3 of my posts there, citing them as people panicking about Bitcoin being over.
If you read the posts I wrote, not just the title, you'll see that I too claimed that Bitcoin was not over, and that this was just the exaggerated January pullback - exaggerated because of the alt-boom.
I too managed to scoop up some cheap BTC during this time.
If you read the posts I wrote, not just the title, you'll see that I too claimed that Bitcoin was not over, and that this was just the exaggerated January pullback - exaggerated because of the alt-boom.
I too managed to scoop up some cheap BTC during this time.
January 19, 2018, 06:31:46 AM
This chart tells it all. I don't think that even if this is a bubble, this current selloff is going to be the end all. The rally has not been disproportional, even though it has sustained longer than some of the previous pumps. And the fact that price has not been able to sustain its growth for the last few weeks of the pump meant that some investors grew impatient of waiting and then the dump happened.
I agree, bitcoin is a great buying point right now. The dominance is something that i often refer to when analysing price, and bitcoin dominance is now below 40% once again.
Every time that has happened, bitcoin seems to revert back to close to 50% eventually. So the likelihood of BTC going up from here is extremely high.
I agree, bitcoin is a great buying point right now. The dominance is something that i often refer to when analysing price, and bitcoin dominance is now below 40% once again.
Every time that has happened, bitcoin seems to revert back to close to 50% eventually. So the likelihood of BTC going up from here is extremely high.
January 19, 2018, 05:18:44 AM
the real investors already know this and are silently investing in bitcoin in each dip they buy as much bitcoin as their pockets allow them. and what most people are missing is that in the past year it was not just some rally when price goes up, it was a lot of adoption and a crazy number of new people who started buying bitcoin that helped the rally be what it was in 2017 and those new people aren't going anywhere and more new people are coming in.
as for buying opportunity there are two types of investors. the long term dudes who know the real potential and nor not fans of trading so they buy in each of these dips of 30-40% drops and enjoy the ride. and the other type is the short term investors which obviously enjoy these short term fluctuations and you keep seeing them as the most "vocal members" of the community talking about how bitcoin is gonna drop soon big time!
as for buying opportunity there are two types of investors. the long term dudes who know the real potential and nor not fans of trading so they buy in each of these dips of 30-40% drops and enjoy the ride. and the other type is the short term investors which obviously enjoy these short term fluctuations and you keep seeing them as the most "vocal members" of the community talking about how bitcoin is gonna drop soon big time!
January 19, 2018, 03:39:20 AM
The chart posted is not a bunch of separate rallies - it is actually one big rally which has yet to correct at all.
I agree on this part since Bitcoin performs a common rise pattern and I believe that there is some major correction will happen soon because only a few countries hold the majority of the volume of BTC just like China and Korea. It's proven because for every FUD news of bitcoin in that country. The bitcoin price is really affected. So if one of this major country decided to abandon bitcoin then a big correction will occur.
The chart posted is not a bunch of separate rallies - it is actually one big rally which has yet to correct at all. Once it turns (I dont know where) it should go at least -75% if not -85%.
I disagree with this huge number. I agree that will be big but 75-85% is too much considering that there are still many countries that planning to adopt the use of bitcoin. Maybe they can take over cheap BTC once major correction happened.
January 19, 2018, 02:58:20 AM
The chart posted is not a bunch of separate rallies - it is actually one big rally which has yet to correct at all. Once it turns (I dont know where) it should go at least -75% if not -85%.
January 19, 2018, 02:51:27 AM
I actually bought most of my salaries worth into Bitcoin during the 9k dip! 
Hope there will be more dips to come.. hundreds of thousands of sharks waiting at the bottom.
Hope there will be more dips to come.. hundreds of thousands of sharks waiting at the bottom. 
January 19, 2018, 02:49:48 AM
Thank you for this encourages words becouse many has lose hope and were selling out of disappointment because most buy it around $17,000. If we see the last dumping as an opportunity to buy cheap then there is hope that the future of cryptocurrency is bright and if we keep working for it success it will become the future of money.
January 19, 2018, 02:15:19 AM
... "We view this $9,000 as the biggest buying opportunity in 2018 — and we would be buyers at levels around here."
...
...
Why doesn´t he put his money where his mouth is? "We would be buyers ..." doesn´t sound as if
he or his fund actually bought the dip. Personally, I think that we will see a much lower Bitcoin price
than 9000$ in 2018. Many people bought in for the easy money and when they realize that their investment
won´t double or triple in a month they will sell their Bitcoin holdings out of disappointment.
We should all keep in mind that many people that entered during the 2017 bull market have
never experienced a prolonged bear market.
and why exactly is that? you say we are going to see "much lower price" but you don't say "why". is it just your guess or do you actually have some reason for saying it.
bitcoin has already lost 46% of its price from ATH, and the $9200 was 53% (more than half) drop below ATH. how much bigger are we talking about here? 99% maybe?
January 18, 2018, 05:08:32 PM
Anyone who didn't see it as a buying opportunity really needs their head examining. The news that caused it was never catastrophic and anyone who could observe that would be able to see it was mostly an overreaction in the market and a recovery would come, the skill came from accurately picking the bottom and I'm sure many entered more around 10-11k but they'll still get a nice profit soon just not quite so much. Bitcoin probably won't dip below 10k ever again.
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