Don't worry - this is neither a crash nor a turning point ...

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: biggbox on June 19, 2016, 09:16:17 AM

Quote from: uki on June 19, 2016, 08:03:16 AM

Quote from: wyvern2 on June 17, 2016, 08:01:27 AM

just bought $200 worth of btc few mins ago while the price down, best of luck to all of us Grin

that requires some balls to be buying now. The time for buying was last summer, or even March this year.

The dip is often in the range of 30+, but it would recover in less than half a day. It's extremely volatile right now and not for the faint hearted..

Even if it is $50 with the current prices it is a risky bet. Depends on your ability to swallow such a high risk. Personally, risk/reward is not that appealing to me any more.

2double0

legendary

Activity: 2618

Merit: 1105

Quote from: Winoc on June 17, 2016, 11:17:48 PM

I hope halvening will pump the price up..This is just the beginning of the ride so there is no need to panic..The market price is just showing its fluctual nature..

It will of course pump the price up, but we will surely see a panic sell which happened in after that pump.
Many whales are ready with their stops to get out with huge profits, you guys don't even know.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: Donald_Buck on June 17, 2016, 02:40:24 AM

... Bitcoin just takes a run-up to pass the $1000

This could already happen during this weekend jump.

So relax, get some popcorn and beer and enjoy the ride ...

The price of BTC could change entirely and we would never know what is the stable price. Therefore having said that enjoy with the ride of BTC don't forget to fasten your seat belts.

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: uki on June 19, 2016, 08:03:16 AM

Quote from: wyvern2 on June 17, 2016, 08:01:27 AM

just bought $200 worth of btc few mins ago while the price down, best of luck to all of us Grin

that requires some balls to be buying now. The time for buying was last summer, or even March this year.

The dip is often in the range of 30+, but it would recover in less than half a day. It's extremely volatile right now and not for the faint hearted..

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: uki on June 19, 2016, 08:03:16 AM

Quote from: wyvern2 on June 17, 2016, 08:01:27 AM

just bought $200 worth of btc few mins ago while the price down, best of luck to all of us Grin

that requires some balls to be buying now. The time for buying was last summer, or even March this year.

yeah i agree and i have bought it when it was low last year.

but you can't always be this lucky or aware of the future to invest like this and sometimes you have to accept the missed out opportunities and try to make the best out of a bad situation.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: wyvern2 on June 17, 2016, 08:01:27 AM

just bought $200 worth of btc few mins ago while the price down, best of luck to all of us Grin

that requires some balls to be buying now. The time for buying was last summer, or even March this year.

biggbox

sr. member

Activity: 448

Merit: 250

The resistance is holding strong within the 760 range. Need to breakthrough beyond 800 and I believe the price may soar. By end of June, perhaps?

d5000

legendary

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Decentralization Maximalist

I would not be so sure. There is a real chance that a "double top" (~780) is in the making. For this to happen, the price must go down to 700 or less. We are still no there, the price is still solidly above 740. But if a fall under 700 happens, I expect at least a major correction, if not a turning point.

Remember? In November 2013 we got a double top too in the 12xx USD range.

In any case I expect a new bullish market near the end of the year, if Segwit and the Lightning Network hold what they promise.

Leonard2016

hero member

Activity: 1036

Merit: 520

i totally agree with this.
this is just a temporary thing. and especially with ethereum scam finally over and dying we can see a so much bigger rise when it starts.

panju1

legendary

Activity: 1246

Merit: 1000

Quote from: calme on June 17, 2016, 10:28:33 PM

Don't even think about selling at the $1k psychwall, ppl. Hold your coins like me and grab a broom for when the ceiling becomes a floor

Instead of a price target, set yourself a time target.
I am not selling my bitcoins until 2020.
Who knows what the price will be then. Cheesy

biggbox

sr. member

Activity: 448

Merit: 250

Haha. Alright. Who has profited from the quick drop and gain in the past 18 hours?

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: DarkThrones on June 18, 2016, 01:36:54 AM

Quote from: Donald_Buck on June 17, 2016, 02:40:24 AM

... Bitcoin just takes a run-up to pass the $1000

This could already happen during this weekend jump.

So relax, get some popcorn and beer and enjoy the ride ...

It's just a little pit stop for the rally car to stop and fuel up before the next few laps and big push to go into new territory. We're holding strong at basically all levels that we decide to take a rest at so this is far from over. Just a quick break and then we'll be off to the races.

yeah, i like your simulation. this is the best comparisson that you could have made for bitcoin and the rise that we are seeing right now.
the whales are accumulating more bitcoin in this temporary dip for a while and then they are going to push the price to the moon again.

DarkThrones

full member

Activity: 252

Merit: 100

Quote from: Donald_Buck on June 17, 2016, 02:40:24 AM

... Bitcoin just takes a run-up to pass the $1000

This could already happen during this weekend jump.

So relax, get some popcorn and beer and enjoy the ride ...

It's just a little pit stop for the rally car to stop and fuel up before the next few laps and big push to go into new territory. We're holding strong at basically all levels that we decide to take a rest at so this is far from over. Just a quick break and then we'll be off to the races.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: maku on June 17, 2016, 11:25:35 PM

Quote from: calme on June 17, 2016, 11:13:51 PM

It will be amusing in the future to look back and see ppl fretting over whether the price was $100 or $900. It will all look the same

I certainly hope so. I read that there are prediction about bitcoin - and expected value of 1 BTC in year 2027 is $300.000.
I know at this point is pure sci-fi speculation but I definitely would like that to happen.

although we can't say anything for certain about the future which is this far (11 years) but that is a little unrealistic price for bitcoin and i doubt if it is even possible.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: calme on June 17, 2016, 11:13:51 PM

It will be amusing in the future to look back and see ppl fretting over whether the price was $100 or $900. It will all look the same

I certainly hope so. I read that there are prediction about bitcoin - and expected value of 1 BTC in year 2027 is $300.000.
I know at this point is pure sci-fi speculation but I definitely would like that to happen.

Winoc

member

Activity: 98

Merit: 10

I hope halvening will pump the price up..This is just the beginning of the ride so there is no need to panic..The market price is just showing its fluctual nature..

calme

sr. member

Activity: 392

Merit: 250

It will be amusing in the future to look back and see ppl fretting over whether the price was $100 or $900. It will all look the same

pooya87

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Quote from: richardsNY on June 17, 2016, 10:23:31 PM

These dumps don't scare me at all. It's just normal market action as traders look to secure some of their profits. Nothing wrong with that. I am already enjoying the fact that my coins are constantly gaining value. I will enjoy it even more if the price touches $1000 again.

yeah, me neither. especially since i bought most of my coins at ~$170-$220 i don't even care if it goes to $700 or even stays here i have made so much profit so far that even it continues going down i will buy some more bitcoin

calme

sr. member

Activity: 392

Merit: 250

Don't even think about selling at the $1k psychwall, ppl. Hold your coins like me and grab a broom for when the ceiling becomes a floor

richardsNY

legendary

Activity: 1232

Merit: 1091

These dumps don't scare me at all. It's just normal market action as traders look to secure some of their profits. Nothing wrong with that. I am already enjoying the fact that my coins are constantly gaining value. I will enjoy it even more if the price touches $1000 again.

Topic: Don't worry - this is neither a crash nor a turning point ... (Read 1831 times)