Is Bitcoin price drops is a buying opportunity? - page 3.

rodskee

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

if you did wait a little more like the next day?Bitcoin price drops to $9,021 more than lower from your target price and also there are some speculative discussion that Bitcoin will get to another bottoming of at least $6k level.

But this is the situation mate,if you are willing to take the risk and investing money that you can afford to lose?then why not consider buying at that price range?

Quote from: Kong Hey Pakboy on May 22, 2020, 04:14:23 AM

Quote from: Ridwan Fauzi on May 22, 2020, 02:11:28 AM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Are you sure that currently price is already cheap?

It will be better you make your own analyst first before you buy it. You can use trend line strategy to
make sure that the price is already lower or not.

The basic strategy to get profit is, buying cheap and sell high. But it is not easy to make sure that the
price is low or its pricr will goes to lower than that. But if I predicted, its price will
goes lower than that, given its price was stable at $9600-$9900 in a few weeks.

Indeed. The current price of bitcoin is not yet cheap to buy it today, even it is starting dropped down it's price again. If this guy planning to buy bitcoin in a price of $9,000, he should be making an analysis on what will happen to bitcoin's price on the next few days if it will continue to decrease or not.

lol remember that Halving is here now and also the Virus is being calm now meaning at any chance growth will
arrive and regret is with this because those who did not believe that 9k level is lower
for sure will blame themselves from not buying these days.

Kong Hey Pakboy

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Quote from: Ridwan Fauzi on May 22, 2020, 02:11:28 AM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Are you sure that currently price is already cheap?

It will be better you make your own analyst first before you buy it. You can use trend line strategy to make sure that the price is already lower or not.

The basic strategy to get profit is, buying cheap and sell high. But it is not easy to make sure that the price is low or its pricr will goes to lower than that. But if I predicted, its price will goes lower than that, given its price was stable at $9600-$9900 in a few weeks.

Indeed. The current price of bitcoin is not yet cheap to buy it today, even it is starting dropped down it's price again. If this guy planning to buy bitcoin in a price of $9,000, he should be making an analysis on what will happen to bitcoin's price on the next few days if it will continue to decrease or not.

Ridwan Fauzi

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Are you sure that currently price is already cheap?

It will be better you make your own analyst first before you buy it. You can use trend line strategy to make sure that the price is already lower or not.

The basic strategy to get profit is, buying cheap and sell high. But it is not easy to make sure that the price is low or its pricr will goes to lower than that. But if I predicted, its price will goes lower than that, given its price was stable at $9600-$9900 in a few weeks.

virasog

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Quote from: Oceat on May 21, 2020, 05:42:22 PM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

There's a FUD going on if this is just happened in one day we aren't that sure yet if there would be another drop or this is just a bear trap. It's better to wait a little more longer to see what is happening in the market since I can still see a little stability. There's always a right time to buy if you are used to the market when trading.

The fud is because bitcoins were moved from a very old wallet and everyone thinks this is a wallet which could only be in control of Satoshi and he himself moved those coins. I would not believe in all this stuff because if satoshi wanted to sell those coins, he could have done way back in 2017 when bitcoin reached 19800$.

milewilda

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Its currently priced at 9077 usd in preev.com as I have tried to check it out.We cant say if this would be a good spot to buy on yet we wouldn't know if this one would go even down further and this is the hard part here on crypto where you would really have always that kind of anxiety when you do tend to position up yourself specially if you do active/day trading then this one would really matter on risk management.If you do saw that this is a support level then its your call if you do tend to risk,if you do just go long term for bitcoin then these kind of situations wont really be that much a concern.

exstasie

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity?

Too early to say. We might be on the verge a major bearish inflection point. Until $10.5K and the year-long downtrend is broken, I still see the $5,000s or $6,000s as a real possibility.

Keep an eye on this bullish trend line:

Quote from: exstasie on May 21, 2020, 05:43:21 PM

A break below the $8,100 pivot will print a clear double top on the daily and weekly charts and will suggest a mid-term bearish correction. If that happens, dip buying in the $9,000s right now will bring you a lot of pain.

Oceat

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

There's a FUD going on if this is just happened in one day we aren't that sure yet if there would be another drop or this is just a bear trap. It's better to wait a little more longer to see what is happening in the market since I can still see a little stability. There's always a right time to buy if you are used to the market when trading.

okala

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

It is a buying opportunity because these current corrections has happened several times after halving. We expect recovery in June if the current pandemic is bring to a bearable level. It is time for buying for short-term purposes.

whyrqa

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Quote from: Naida_BR on May 21, 2020, 11:17:53 AM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Every time the price drops a new option to buy more is rising.
However, I don't think that 9,3k is a good price to buy, A support level around 8,5k has been created and when the price goes around that price I think it is a good level to buy more.

at least if you make long-term investments oriented at least for a year or two, taking into account the forecasts associated with the last halving, then in any case, today's price will be beneficial for each investor to buy bitcoin.

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Quote from: LogitechMouse on May 21, 2020, 03:54:52 AM

The FUD that Satoshi moved Bitcoins from an unknown wallet address is one of the reason why it dropped today.

you have to admit that it is very interesting that such a large scale FUD over the past 2 days has only been able to cause a very tiny drop that is not even breaking any major resistances. at least not yet anyways.
i think we can surely consider this as a very positive sign of a strong bull market currently in existence.

Naida_BR

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Every time the price drops a new option to buy more is rising.
However, I don't think that 9,3k is a good price to buy, A support level around 8,5k has been created and when the price goes around that price I think it is a good level to buy more.

ethereumhunter

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Bitcoin price now still getting down, and I wonder until how deep bitcoin price will go down. We are close to $9,000, and if the situation is like this, then I think the price can be at that price, but I don't expect to see bitcoin price will go down below that price but who knows. I think some people now panic to see bitcoin price is down below than $9,200 so they sell some bitcoin and they hope that they can buy at a lower price. We will see it later how much bitcoin price will go down.

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Every single bitcoin drop has been a buying opportunity, it has never been anything else. Look at why bitcoin dropped yesterday, some dude from way back has came back online and sold the coins he mined on the early days, it was so early that people thought it was satoshi himself who did it, and nobody questioned why would satoshi come back to only sell 50 bitcoins and leave.

It has been the most influential 50 bitcoins sold on the market, normally you could sell 500 bitcoins and still can't drop the price this much but it had sentimental reasons to drop so with 50 bitcoins we are so much down. What came out of it? Nothing. So, now bitcoin will recover because that was unnecessary excitement over nothing, wasn't a big deal so we are going to simply go back up now.

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indeed, it can be said that is an opportunity, but we must know that the decline is according to analytical techniques or not,
if it is true then it is an opportunity, if not you can also fall

FIFA worldcup

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Quote from: Reatim on May 21, 2020, 08:08:55 AM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

I am lucky because my waiting ends last march when the market made the lowest fall even had for years and i bought Bitcoin
at 50% discount following my recent buy last december.

But today as we saw the almost 5% price drop?then all i can say is if you are longing for Holding since Halving is just happened
and the effect will be here soon then Better buy even the price is $10,000 since we knew how can Bitcoin
grow every halving and just the effect of Virus ends/surely the rally will start .

waiting for at least 6 months to 1 year?this is not long if the interest of Profiting is our desire and also for the chance of doubling
or triple our Investments.

Today is the first time after the halving that the bitcoin price is dropped considerably high. Bitcoin cannot just go upwards and need a healthy correction before moving at another higher level. I think bitcoin is performing very well because many people predicted that bitcoin will fall soon after halving, but it did not happen.

Reatim

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

I am lucky because my waiting ends last march when the market made the lowest fall even had for years and i bought Bitcoin
at 50% discount following my recent buy last december.

But today as we saw the almost 5% price drop?then all i can say is if you are longing for Holding since Halving is just happened
and the effect will be here soon then Better buy even the price is $10,000 since we knew how can Bitcoin
grow every halving and just the effect of Virus ends/surely the rally will start .

waiting for at least 6 months to 1 year?this is not long if the interest of Profiting is our desire and also for the chance of doubling
or triple our Investments.

YOSHIE

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

How your heart and mind, sure you want to buy, do this the right time for you to do it.

You know (halving) has finished several days ago, just waiting for the right time, you know what I mean...!

Bitcoin has a good value for the future, where when people doubt the value of bitcoin that's when bitcoin starts showing itself, so, there's no need to hesitate to buy now, it's a good step for you to do now.

arwin100

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Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

Not all the drop is perfect opportunity to buy since we didn't know if there's more dump coming so best to wait for a little more of time, if you see a little stability on the dip then try to accumulate and wait for the pump. Also put a safety net on your actions since we never really know on what will be the outcome on your action so best to create a good action so that you will not fall in the traps.

elisabetheva

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Quote from: salamat700 on May 21, 2020, 02:31:38 AM

Quote from: gokumarket on May 21, 2020, 12:37:49 AM

Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity? Huh

There is a big chance that soon we can be witnessing Bitcoin to go beyond the $10,000 level so yes this current dip can be a good opportunity to buy into the King of Cryptos. Unless of course, if you can be able to know for sure that there will be deeper dip coming so you prefer to just wait. What is happening right now with Bitcoin is just a normal thing and as they say whenever there is a dip then it is time to buy and continually hold more.

several times if you see the movement of bitcoin continues to experience things like that in the past few weeks. and it's likely to happen again until there is a bitcoin momentum that can break through $ 10K. it will continue to increase just like when it was halving ago (2016). it's better to wait when it really drops back to $ 8K for you to buy and invest or wait for momentum when bitcoin passes $ 10K.

sunsilk

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If it drops, it's always a yes if you have firm plan of selling at a certain above price level.

Quote from: shoreno on May 21, 2020, 04:15:19 AM

The drop was only small so I don't consider it dip myself but idk to you .

For me dip is something that decrease in a big chunks .

Well, this is absolutely true. We see small hundred of drops compared to thousands of increase with a short period of time. Whatever is the description you have for a dip, a dip is a dip and that what buyers should think of. A buying opportunity should be taken action if they have been planning to buy at a lower price.

It could drop as low as $9000 or lower than that, this is a time to start deciding op whether you buy or not and what price you want to sell.

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