Topic: btc dropping more then 39% in 24/h - - page 4. (Read 769 times)

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

Look at the graph in this post and you will understand everything: https://bitcoin-post.ru/40-pochemu-upal-bitkoin.html

Okay Mr. Crypto Nostradamus. Because Taking a look at past market movements can predict future price movements right?

Why not? It makes sense...

Review Master

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Quote from: kostyan1985h on March 12, 2020, 11:46:04 PM

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

The bottom can be $3850 as there is sudden price jump after that. Besides, my opinion can be wrong because of the covid-19 virus situation . But let's see what will happen next. As none can predict the right price movement , we just need to wait . But if there is any bottom less than $3300 , it can be a threat to the bitcoin miners. Because the cost of mining 1 bitcoin will be higher than the bitcoin price and miners will be lost.

mk4

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How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

Look at the graph in this post and you will understand everything: https://bitcoin-post.ru/40-pochemu-upal-bitkoin.html

Okay Mr. Crypto Nostradamus. Because Taking a look at past market movements can predict future price movements right?

meanwords

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How do you know that it is in the right dip?

What? how do you know if this is NOT the right dip then? there's just no way that you would miss this opportunity. Opportunities like can't be miss because of the way market moves. When you consider the future of Bitcoin, then you should see that $5,000 is nothing compared to the future price of Bitcoin. We've already seen Bitcoin go pass $10,000. With the right trend, we could reach that again.

carlisle1

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it is 44% actually and not 39% the lowest,but also climb fasts with 155 in just an hour,if happens that people has a Big funds and got to buy that dip?he is gaining 155 just by now.

this is good for the long term holder because for sure if price Hit 15,000 again then this is more that 200% profit?

but the Whales in my opinion has the big Part of this drastic fall because they took advantage of the situation and bring the market falls more than the effect of Convid and now again making some Good pump to bag another money if they will drag down later.

pooya87

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How do you know that it is in the right dip?

there are two strategies people choose in bitcoin market: long term investor and short term trader.
in both strategies this current price is the excellent dip.

for the long term investor this is about 50% below the price that was reached and considered natural. anything below that is below the intrinsic value of bitcoin and is considered a big discount. a long term investor cares about accumulating for long term.

a short term trader wants to make profit from short term fluctuations. when there is a gigantic "move" there will always be a correction. the "move" can be a rise or a fall. in both cases it creates an unnatural state which needs to be corrected (a bubble and a reverse bubble both needing to burst) so buying at that unnatural state means a good profit at the recovery. of course for a short term trader things are a lot more complicated than that, i'm mostly simplifying it.

livingfree

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Lets not let a silly flue take over the entire global financial market even more than the media already has.

I know that you're just describing Covid-19 and belittling it with courage but it's not just a silly flu, it's a serious disease that affected all of us. The lives of every single people who's been in line, the sources of our income and other stuffs are all affected.

Comparing this to the 2007-2009 western financial crisis. I would say that this is a great time to get in, as crypto's top1 drops alomst 40% in less than 24 hours(followed by pre smaller drops) thanks a massive panic sale, as countries starts to lockdown themselves in order to contain the "Corona"- virus. Fonds are forced to sell of assets to have cash in hand.

I do agree on this.

I have read some people that became wealthy after the last financial crisis and this is just another opportunity that's open for all. Once the virus has been stabilized and cure is already been sent to the affected countries, everything will be normalized.

Janation

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The best time to reinvest.

A lot of mt friends are panicking not just because of the price going so low but also because of the lockdown that is happening here in our place. We can't really travel anywhere but just inside our houses. We bought a lot of stuff so we can sit still in our houses for a long time since it is almost 3 weeks before the lockdown will be lifted. Bitcoin will go up and it is not giving us the best chance to do so.

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Quote from: Coin-1 on March 12, 2020, 10:57:28 PM

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

this is the best thing you can do buy as long as you can there is no way this kind of situation will back again. this is a chance to buy more and stock more btc if you have available funds to use for buying it.

Well the halving is to near buy in the deep if there is another deep then buy again do not panic the same with other's . We are holder's and it will give us oppotunity to earn much higher for long term hodl.

senin

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anyway.. lets not forget that this so called COVID-19(a.k.a Corona Virus) is just an altered strain, which genetically reminds of the SARS virus outbreak, but only has resemblance of a weaker "general un-understood"regular flue.

In my opinion, the Corona virus is the secondary cause of the current collapse of traditional and cryptocurrency markets. Its impact is not so great. The main factor in the current fall is that now OPEC+ is not cutting oil production, since the ministers did not agree on March 5th, 2020 in Vienna. As a result, large investors decided to cash out all their assets including cryptocurrencies. That's why Bitcoin dropped to $4500 (-50%). I think this is a good opportunity to buy cheap coins.

A drop in oil prices can also be just one reason for the fall of all markets. Apparently, there are a lot of these reasons, and in total, according to the domino effect, they gave such a result. The situation is very interesting: the price of bitcoin now is $ 5,166, and ethereum - $ 123. We also do not yet know where the bottom of such a fall will be. For those who have free cash and non-cash money, this is a chance in the future to make good profits.

kostyan1985h

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How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

Look at the graph in this post and you will understand everything: https://bitcoin-post.ru/40-pochemu-upal-bitkoin.html

Japinat

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It's possible that the price could fall down but at the current rate, you are already getting at the best price.
Bitcoin rise $10,000 and over this year so far, we are all getting 50% discount already at the current price and we know this panic will stop soon because it's possible that the virus will be contain and the economy is back to normal again and people will again continue the hype of halving.

I can already imagine the big pump happening in the future Grin

amishmanish

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Missed the bottom as always with not having last minute balances. By the time, the fiat balance appears in the account, the price movement generally reverses.
It has been a bad few months for me as i actually started investing. People keep telling me that you cannot afford not to save/ invest. I had the the over-optimistic "Money will come if you keep working" thought process. Seeing that it is not really working that way i decided to go invest. Invest i did in the last 2 months or so and the stock markets crashed like never before. The price didn't fell because of COVID. It fell because I PUT MONEY IN.
Sorry fellas. Will let you know when i decide to buy again so you can sell high.

Coin-1

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Quote from: makoto1337 on March 12, 2020, 09:15:44 PM

anyway.. lets not forget that this so called COVID-19(a.k.a Corona Virus) is just an altered strain, which genetically reminds of the SARS virus outbreak, but only has resemblance of a weaker "general un-understood"regular flue.

In my opinion, the Corona virus is the secondary cause of the current collapse of traditional and cryptocurrency markets. Its impact is not so great. The main factor in the current fall is that now OPEC+ is not cutting oil production, since the ministers did not agree on March 5th, 2020 in Vienna. As a result, large investors decided to cash out all their assets including cryptocurrencies. That's why Bitcoin dropped to $4500 (-50%). I think this is a good opportunity to buy cheap coins.

bgaf

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At least the price just had a halving Grin

The time to buy is definitely now when there is blood in the streets and the fundamentals haven't changed.

Yeah it is, for those who are lucky to have extra funds and fiat this will become a bargain and huge sale. I am stuck with my btc at the moment and nothing I can do which is totally unfortunate. Even I wanted to convertI cant force myself to cut a huge loss.

Quote from: TravelMug on March 12, 2020, 09:32:27 PM

True, if you are really into long term hold, then this is the second best time to buy, the first time is like 10 years ago. -46% is really huge drop

Problem is we cant see until when this drop would end. But as a long time holder, all we can do is wait for its recovery. People relying their lives on crypto should think twice to find a good way instead of this cause this volatility is really unpredictable. It needed less than a day to make the price cut in half and thats very scary especially for traders.

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