Buying the current dip (~30k) | Bitcointalksearch.org

carlfebz2

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Quote from: onecall123 on May 20, 2021, 11:28:44 AM

Quote from: ice18 on May 20, 2021, 10:51:46 AM

Quote from: DatKing on May 19, 2021, 04:16:37 PM

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. Grin

I dont think so 30k has very strong support and many are waiting to buy your bitcoins once FUD strikes again but I dont think there will be more FUD when China banning btc just like 2017, btc may go parabolic once btc recovers,

Same story repeat again, Bitcoin dumped down to 30k. I’ve only seen this things since 2017 but there is always a recovery. Smart people love this, made such a lot of money in 24hrs. Human conduct doesn't change greed and fear drive the market, so avoid the same past mistake and let’s make that money.

Easy to say but would really be hard when we are already on the actual situation because we dont know on how far it could possibly go down further and this is what makes the situation more harder

for us to make out such decisions. Buying the dip sounds pretty simple but due to unpredictability of the market then its really hard to determine on what price should we enter.

For those who had entered on 30k+ then they are the ones who do make money out of this recent recovery that we are witnessing atm.

jostorres

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Quote from: xonar2 on May 19, 2021, 10:01:02 AM

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

I bought some at 33.6k levels and I have to say I was ready to buy some more at 28 and 23 as well, I do not have any plans after that, I was considering getting all out if it reached 17k as well, those were my points. Now that it recovered, I am still keeping the same hope, at 120k I am going out. I will not be going out at 120k because I think that is the max it can reach, I know that if I wait, bitcoin price will be a million dollars one day, I am sure of it, I know not anytime soon but can you say it is impossible for it to reach 1 million dollars per bitcoin in 10-15 years?

But I will not be waiting for that much, I am going to go out at 120k because I want to buy something else for investment, I already decided what it is, I do not want to reveal because it is a much worse decision than keeping bitcoin but I will feel a lot better with that one.

Welsh

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Quote from: Desscount on May 19, 2021, 05:46:25 PM

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

Negative statements only really influence those that were influenced to get into Bitcoin in the first place. Call them sheep, call them what ever you want. However, they likely aren't buying into Bitcoin to use it as a currency or a way of supporting the technology that Bitcoin has implemented. They wanted to make money, and the first time there's any resistance to that vision, they'll sell.

This is then countered by those that are looking to invest, with a optimistic view point for the long term. So, really these statements only effect things in the short term, but really most investors should be looking at the long term, and not a get rich quick scheme.

onecall123

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Quote from: ice18 on May 20, 2021, 10:51:46 AM

Quote from: DatKing on May 19, 2021, 04:16:37 PM

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. Grin

I dont think so 30k has very strong support and many are waiting to buy your bitcoins once FUD strikes again but I dont think there will be more FUD when China banning btc just like 2017, btc may go parabolic once btc recovers,

Same story repeat again, Bitcoin dumped down to 30k. I’ve only seen this things since 2017 but there is always a recovery. Smart people love this, made such a lot of money in 24hrs. Human conduct doesn't change greed and fear drive the market, so avoid the same past mistake and let’s make that money.

ice18

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Quote from: DatKing on May 19, 2021, 04:16:37 PM

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. Grin

I dont think so 30k has very strong support and many are waiting to buy your bitcoins once FUD strikes again but I dont think there will be more FUD when China banning btc just like 2017, btc may go parabolic once btc recovers,

LUCKMCFLY

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There were many traders and investors who took advantage of buying intelligently in the fall, now today BTC is around $ 41k, the recovery has been incredible, now, many were waiting for the price at almost $ 27k, but things are getting giving otherwise:

Quote

"The most spectacular rallies happen when emotions within the market at their most extreme," popular Twitter trader Rekt Capital said as part of multiple posts as the market rose.

Source: https://cointelegraph.com/news/bitcoin-price-gains-40-in-a-day-as-altcoins-cardano-and-dogecoin-join-42k-btc

Now you have to pay close attention when people like Elon Musk come out to say anything, social networks and influencers are taking a lot of attributions in market manipulation ...

Yamifoud

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Since you have missed the $30k buying price, what you gonna do now? Are you still waiting for it OP?

I think buying at $40k is still a good price to catch before we get back to the bullish season. Because as we can see, the price moves high, I'm not thinking if we get back to the dip again if the market behavior seems to be like this. It is to figure out that we are wrong thinking about history repeats itself as it was obviously the market is changing.

carlisle1

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Quote from: electronicash on May 19, 2021, 08:55:19 PM

investors are buying too. maybe you are right about that $30k bottom. big investors have no trust in fiat money anymore and they are looking to invest in crypto including the shitcoins we have. well shitcoins are still better than fiat when you don't see anything good about the government money anymore.

the dump is a fun drive and exciting at times. if the price dumps below $30k in the next few days, just don't start to panic and sell.

You need to hold with your investment in case that your target entry fall down for more, it's not good to panic as it will lead you to lose your money.

There are lots of options aside from Bitcoin and those well-known alts, there are shit projects which also provides
good compensation if you make your entry in the right timing.

Else, it's another risk if you failed to follow those projects best to work more deeper.

arwin100

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Quote from: DatKing on May 19, 2021, 04:16:37 PM

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. Grin

Dont pick a price to buy all when it is dumping, buy in bits down to take advantage of any price in the dip. It is always difficult to pick the lowest price in the dip and the highest price in the pump, so u sell in the same order. Over 5 billion dollar worth of stable got on exchanges yesterday alone and up to 200k bitcoin was also withdrawn from the market. I dont know if the investment were mainly in BTC or others, indicating a bullish season sustained.

Well if you are in margin trading its really dangerous to buy instantly since we never know if we will see more dips since we could lose for that scenario but if you are on spot and willing to wait for bounce back then I can say its good to buy whenevery you think dip since you can hold your coins whatever happen on the market. I bough bitcoins at $35k and currently earning a profit with bitcoin at this moment.

aysg76

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Quote from: xonar2 on May 19, 2021, 10:01:02 AM

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

At this time which if you have trading experience you can do intra day trading by investing at small dips and selling portion of btc after price increase which can give you short term small gains and can repeat the same gaining huge.Try to keep half the amount as steady for long term investment and half the amount for making small intra day trades which will eventually give you 2-3x returns.This implies if you are all in for Bitcoin but you can go for some alts also like ETH and BNB which are also following the btc rally so they will also rise soon after market recovers.But the main point is you do invest because we don't know when we will see such dips again.You don't know how much lower it can go but can be speculative and know the gains in long run so don't worry missing at $30k as it will be recovered with market hitting bull period.

maydna

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Quote from: YuginKadoya on May 20, 2021, 01:06:05 AM

In my opinion, Even this $39,000 DIP is good enough rather than not buying at all, don't be a FOMO but think positive in every direction bitcoin went, if there is a dip make this an opportunity to buy more, if there is bull run sell a small amount of your earnings but leave some for you to savor another all time high, but if you don't any coins at all wait for another cycle of dip to come,

Bitcoin cycle can easily be seen you just need to be patient about it, and always remember to buy on dips and sell on the rise.

Yes, that will give us a chance to make a profit. If we can rinse and repeat that process, we will make more profit, and when the real bull run comes, we can sell more amount and make a big profit because the price will have a big pump and increase so high. If we can't see a chance to buy more, we don't need to force ourselves to enter the market instead just to watch the price up and down because if we still try, I am afraid that we can get lost the money.

It is not easy to analyze bitcoin movements as the price now will go wild, making us worry if the price is still going down.

YuginKadoya

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In my opinion, Even this $39,000 DIP is good enough rather than not buying at all, don't be a FOMO but think positive in every direction bitcoin went, if there is a dip make this an opportunity to buy more, if there is bull run sell a small amount of your earnings but leave some for you to savor another all time high, but if you don't any coins at all wait for another cycle of dip to come,

Bitcoin cycle can easily be seen you just need to be patient about it, and always remember to buy on dips and sell on the rise.

LogitechMouse

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$30,000 is the very strong support that I saw right now since the 34 weekly EMA too got broke as of now since the week isn't ending right now. If this week, Bitcoin will end up below 34 EMA then $30,000 is the next support.

Good for you to buy the dip and for sure many of us did the same thing too

. If you just bought at the $30,000 or at least near to it then you got some short term gains as of now since Bitcoin is near $40,000 as of this moment. I just hope that it will not go below $30,000 anymore because if that happen, that might be the trigger of the bear market :X.

LUCKMCFLY

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With all the fall that there is for now in BTC many are betting that it can go down even more, but the smartest are buying in the fall, but there is a slight impression that it can recover above $40k:

Quote

A successful break above the trend line resistance could set the pace for a strong move above the $40,000 resistance. The next major resistance is near the $42,000 level. A close above the $42,000 level could set the pace for a strong rally in the coming sessions. The next major resistance sits near the $46,000 level.

Source:https://www.newsbtc.com/analysis/btc/bitcoin-btc-bullish-reversal-above-40k/

Not everything can be bearish, also some bulls are taking control and trying to raise the price of BTC, it is just a matter of waiting.

electronicash

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investors are buying too. maybe you are right about that $30k bottom. big investors have no trust in fiat money anymore and they are looking to invest in crypto including the shitcoins we have. well shitcoins are still better than fiat when you don't see anything good about the government money anymore.

the dump is a fun drive and exciting at times. if the price dumps below $30k in the next few days, just don't start to panic and sell.

Kemarit

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Quote from: maxreish on May 19, 2021, 07:18:29 PM

Quote from: Desscount on May 19, 2021, 05:46:25 PM

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

But it will be counterpart by some good news soon so these dip @ 30k usd is a good opportunity to accumulatd more bitcoin. Weve seen the recent ATH reached and we would rather buy at this price and to wait for that another boom soon. But then again, the market is suffering and so does the long term holders. As we all know these is how cryptocurrency works. Dip market means a good time to buy more coins.

I think we have reach capitulation already at $30,000'ish so that is a good buy by the OP. And I don't think that it will go further down. Many are buying now so we might see some small gains and maybe can go up to $40,000 again.

For sure there are a lot of traders who are shorting bitcoin at this point that's why the price keeps going down even though there are significant whales and institutions buying at that price. So we will see, I commend the OP for not panicking and instead bought the dip.

Kittygalore

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Quote from: DatKing on May 19, 2021, 04:16:37 PM

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. Grin

It won't affect the long-term, the bitcoins sold will be dispersed to other countries. China is just one country, there are hundreds out there to catch up and adopt bitcoin to make the prices go up.

maxreish

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Quote from: Desscount on May 19, 2021, 05:46:25 PM

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

But it will be counterpart by some good news soon so these dip @ 30k usd is a good opportunity to accumulatd more bitcoin. Weve seen the recent ATH reached and we would rather buy at this price and to wait for that another boom soon. But then again, the market is suffering and so does the long term holders. As we all know these is how cryptocurrency works. Dip market means a good time to buy more coins.

$crypto$

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In everyday, bitcoin is still stuck at $38k if $30k is the last drop then we need to prepare for it but we will see how the overnight movement was so fast that almost the whole is in free fall and I see the global crypto market is going down even more by 18% so if it looks it's scary.

We don't know how collapsed bitcoin was but I am sure the recovery will definitely happen and this is indeed a lot influenced by FUD, especially whales who take advantage of the moment where they sell it simultaneously.
But we have to think more deeply, is it possible that whales like Elon and the others are buying now?
Or a prolonged bear market.

Desscount

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There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

Topic: Buying the current dip (~30k) (Read 380 times)