Is Bitcoin price drops is a buying opportunity? - page 4.

Lorence.xD

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Quote from: mk4 on May 21, 2020, 02:21:19 AM

It's pretty simple. Do you personally think that bitcoin will be worth more than that sometime in the future? If you think it will, then buy, regardless if it drops more or not. If you think it won't go up in the future, then don't buy. It's that simple.

I think this quote is something that everyone should consider, I don't mean to just follow this advice but it can help in making a decision, in the end, you will be the one who will make the decision.

By the way, my thoughts on buying dips is that you should assess yourself, are you looking for a quick buck? If yes, then you might decide not to buy that dip because that dip might plummet even lower. On the other hand, dips in the prices can be an oppurtunity for you to buy at lower prices and wait for the prices to go up and then at that time, you will gain considerable amount of profit if you plan to sell it. If you do not know when to sell then you can set a mental note that at this price you are going to sell it, that is what I am doing, I am still a student so I do not need the profit ASAP.

Remember that the decision will always fall in your hands, you might not follow all of this and that is okay, this advices are just mere testimonials on our experience, so no pressure.

Alucard1

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Yes, I think so but let's just wait for the bitcoin to drops down again, just like me I am always waiting for the bitcoin to reach below $8000 before buying it, it is a win-win situation for me. There are still many possible things that might happen better to just wait first and observe always the graph of the market Wink

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royyyyy

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Yes, prices will fluctuate over time and there have been many times that the impact 10000 failed.Looking for opportunities to buy from the lows.I think the price may go down a little.

gantez

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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

Yes any rejection at this time could be an opening for a buy because it is likely to taste that ground again and any break and close on top $10,000 is a sign of up movement. So be careful anyway and do your analysis proper.

shoreno

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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 .

The phrase buy the dip should not be questioned tho , that simply means buy when the price is decreasing (small increase or big increase ) because btc will still increase anyway but for the majority , they will only wait for the real dip/dump before they start working .

planteria

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i've been buying with pounds, and have nipped in to buy in recent weeks with an average buy price below £7000..
which looks relatively good now. but i want more.. and the truth is no one knows whether i should wait until there's a further opportunity to buy below £7000, or whether i ought to buy right now as it's about to make the (what i believe is) inevitable move updwards. we all want the best 'value' possible, but we won't know until later.

slackovic

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

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

The weak hands have done it again by panic selling their Bitcoins that they hold causing the price of it to drop by almost 5%.
Regarding to your question, Bitcoin drops are a good opportunity to buy it but it would be better if you know when to enter to maximize your profits. It would be better if you know how to read the charts so that you know when to buy and when to sell.

Overall, if you are buying Bitcoin for the long term then maybe today is a good buying opportunity

I really don't understand those panic sellers. We have seen number of times in the past that price decrease as a result of panic sell is always canceled by price rising after everything settles.

LogitechMouse

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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

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

The weak hands have done it again by panic selling their Bitcoins that they hold causing the price of it to drop by almost 5%.
Regarding to your question, Bitcoin drops are a good opportunity to buy it but it would be better if you know when to enter to maximize your profits. It would be better if you know how to read the charts so that you know when to buy and when to sell.

Overall, if you are buying Bitcoin for the long term then maybe today is a good buying opportunity

The Cryptovator

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Who could answer you where is dip? No one. If you are a bitcoin believer then it's totally depends on you when you will take entry. Simple question, few days back bitcoin was below $7K, why hadn't you taken entry during that time? Wasn't it a golden opportunity to buy bitcoin. So we don't know if this is dip or we will see it below $7K again. Personal suggestion is, you may research more before take this financial decision like buy bitcoin. You may take look few more days and monitor the trend. If you feel that there is possibilty to drop price you may wait or if you feel price likely would bump then you may take entry. But you are a not good holder then it's not look good to take entry above $9K. We aren't your financial advisor, so please do your own diligence before invest anything here.

salamat700

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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 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.

mk4

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It's pretty simple. Do you personally think that bitcoin will be worth more than that sometime in the future? If you think it will, then buy, regardless if it drops more or not. If you think it won't go up in the future, then don't buy. It's that simple.

Oasisman

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Quote from: slackovic on May 21, 2020, 02:02:11 AM

Quote from: ragavancoin on May 21, 2020, 01:33:21 AM

Yes, my suggestion to you that is bets time to buy bitcoins now because of the bitcoin price is under correction level now, so once it cross the correction level then it will go all-time higher. because we know the past after halving the bitcoin price went moon.

Are you serious? Who can say for sure that the price will go up just because it did so in the past? We can only hope and wish for it to grow, but I wouldn't be that certain it will go to the moon.

He obviously doesn't know what he's talking about, and that's kinda close to shit posting.

The post halving price doesn't automatically resembles the past 2 halving which eventually hits an ATH. There's still a possibility that Bitcoin may remain in this price region or worse it could go down. However, the people's optimistic mindset about the past 2 halving may influence and increase the percentage of another bull season.

slackovic

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Quote from: ragavancoin on May 21, 2020, 01:33:21 AM

Yes, my suggestion to you that is bets time to buy bitcoins now because of the bitcoin price is under correction level now, so once it cross the correction level then it will go all-time higher. because we know the past after halving the bitcoin price went moon.

Are you serious? Who can say for sure that the price will go up just because it did so in the past? We can only hope and wish for it to grow, but I wouldn't be that certain it will go to the moon.

ragavancoin

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Yes, my suggestion to you that is bets time to buy bitcoins now because of the bitcoin price is under correction level now, so once it cross the correction level then it will go all-time higher. because we know the past after halving the bitcoin price went moon.

slackovic

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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 looks like a good buying opportunity, but no one knows exactly. Who says that this is the bottom and that price will go up now? On May 7th BTC was rejected from $10k too and the price went all the way down to $8100 in the next three days. If you want to buy, the best advice is dollar cost averaging.

Asuspawer09

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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 an opportunity to invest for potential profit but I would not take it or risk it since it was just a normal drop, it always happened. You could still make a small profit anyway if you buy at this moment when the market recovers but I suggest do it when there was a big dump in the market price of bitcoin just like in the past month wherein drop to 3000$+ that would be a much more profit and a good opportunity than this.

Source:
https://www.coindesk.com/

The market is still in great shape since it is still in 9000$ it is still a good opportunity to sell for someone who invested in the past dump of bitcoin, not buying but long term investment if different.

Quote from: cafetools on May 21, 2020, 12:59:20 AM

Yes, anything under $10k is going to look like a great deal about 6-12 months from now. Bitcoin doesnt inflate, and gets new users daily for a positive organic growth. I am holding long 5-10 years.

Agree if you're going for a long term investment or going to sell your investment after years it is still recommended to invest in bitcoin no question ask. It is still expected for the market price to reach over 20k$ surpass the ATH especially after the bitcoin halving event, you cannot really predict what is going to happened in the market so it's better to invest now.

cafetools

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Yes, anything under $10k is going to look like a great deal about 6-12 months from now. Bitcoin doesnt inflate, and gets new users daily for a positive organic growth. I am holding long 5-10 years.

gokumarket

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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

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