It's a BUY flag - page 3. | Bitcointalksearch.org

keyscore44

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Quote from: BitHodler on November 25, 2019, 05:15:43 AM

It mainly depends on what your plan of investing is, but I'm not seeing much of a buy flag here. I stopped buying until I see the market show signs of reversal.... currently the market has signalled do not catch a falling knife.

For traders there is enough volatility to trade but I'm not a trader so I prefer to calmly wait for the market to look healthier and make some higher local highs. I'm not in a rush to buy because I already have a decent hodl position.

If someone is not a trader, this is the smartest behavior. Just a week ago, the market seemed to be stable, but now the best way is to stand aside and wait.

crwth

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Quote from: SapphireSpire on November 24, 2019, 11:43:43 PM

The ONLY reason the price is down is because somebody somewhere out there decided to
dump it at this price, not because Bitcoin is suddenly less valuable.

That's the same as to any other value, as long as someone believes and is using what Bitcoin was made for, then it's valuable. It could go to a lower price and could give you more possibilities to claim more. I think this is a good way to increase your holdings in BTC. You will never know when it increases or decreases. What I usually do is do a DCA, averaging my bought price and continue doing it.

Quote from: SapphireSpire on November 24, 2019, 11:43:43 PM

Exchange prices can be
easily manipulated (fiat banks) and are highly sensitive to the unpredictable decisions of big
traders who are acting on emotion. Whenever this happens, it's a huge BUY flag.

Manipulation has been always a rumor, I don't know if there is already evidences to show that it has been done but I don't speculate or consider that to affect me in my decisions. I know what I would do and stick to my strategy.

BitHodler

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It mainly depends on what your plan of investing is, but I'm not seeing much of a buy flag here. I stopped buying until I see the market show signs of reversal.... currently the market has signalled do not catch a falling knife.

For traders there is enough volatility to trade but I'm not a trader so I prefer to calmly wait for the market to look healthier and make some higher local highs. I'm not in a rush to buy because I already have a decent hodl position.

Yaunfitda

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Quote from: Wexnident on November 25, 2019, 04:44:52 AM

Quote from: SapphireSpire on November 24, 2019, 11:43:43 PM

Whenever this happens, it's a huge BUY flag.

Me right now. I'm still waiting to see how low it could get. It was actually a great decision of mine to resell when it went to 8.5k, cause I bought it at 8k and seeing that the price has been dropping so bad, time to sell and wait and buy again at a low price. It's a great chance for everyone not gonna lie, only those who bought high and sold low are the ones that are placed in a disadvantageous situation.

Me too, I needed some fiat so I have to sell at around $8500. And that is the good decision on my side. But since we are going hard in the last couple of days, might be a good idea to see how long it can go. I don't want to be negative, but there are TA's that says the price could still go < $6k.

So that is the best opportunity to get in my honest opinion.

Wexnident

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Quote from: SapphireSpire on November 24, 2019, 11:43:43 PM

Whenever this happens, it's a huge BUY flag.

Me right now. I'm still waiting to see how low it could get. It was actually a great decision of mine to resell when it went to 8.5k, cause I bought it at 8k and seeing that the price has been dropping so bad, time to sell and wait and buy again at a low price. It's a great chance for everyone not gonna lie, only those who bought high and sold low are the ones that are placed in a disadvantageous situation.

keyscore44

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Unfortunately, but this time I am not of the opinion that this is the best time to buy. Of course, if someone wants to buy for a long term, then certainly buying now will not be a bad decision, but I'm afraid that the price drops may last even a month or two.

piebeyb

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it doesn't look like a buy flag nor a manipulation because it is indeed a downtrend, currently they are still playing $ 6666.66, whatever is interesting at that price, I enjoy it more when many people throw it away cheaply or there may be other plans implemented prematurely, I don't know. all traders are panicked and emotionally watching the market at the moment, but I always relax and prepare to buy when prices are cheaper Cool

Kemarit

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I would agree that all signs are pointing that we should buy at this price. But I'm sure that there are speculators who is willing to seize the opportunity even more when the price goes to $5850 at least. And this is the best price to buy in my opinion. Anyways, I wouldn't mind entering today, but if I got the chance to buy more at a discount price, I would go that route, just saying.

Oasisman

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Quote from: boltz on November 25, 2019, 01:45:24 AM

I haven't saw any significant selling flag and I think the price is pure manipulated by the whales in order to create panic sell so they could accumulate more and cheap prices. For sure its a sign for BUY but is it worth the risk now ? if this goes under 5k$ ?

You can opt to buy fragments while you're still skeptical for the bottom price. It's always good time to accumulate when the price is dumping and it's always worth the risk when you buy Bitcoin at any figure considered as the good entry point.
I doubt Bitcoin won't go below $5,000 as retail investors were too optimistic for the upcoming Bitcoin halving effect. Once the price hits that figure people would start buying causing the price to hold above that level.

Upgrade00

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There is no ONLY reason to the price actions of Bitcoin, manipulation is possible, spreading fud and tanking the value further to create opportunities to short the currency.

Also, I do not think big traders act on emotions, rather they act on the emotions of other smaller traders and use that to try and determine the direction the market should take. I have to agree that it's a good time to buy more bitcoins.

boltz

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I haven't saw any significant selling flag and I think the price is pure manipulated by the whales in order to create panic sell so they could accumulate more and cheap prices. For sure its a sign for BUY but is it worth the risk now ? if this goes under 5k$ ? if you're long term then yes. What I'm afraid is that somehow the latest prediction could be true and Bitcoin might go at 5k$ and this will simply make miners to shut down for a period of time extended the drop further more maybe even to 3k$ again so have an eye on hash rate even if for now miners seems to increase the hash rate the rewards are not pleased so lets see what coming days will bring into Bitcoin.

sana54210

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When it has selling flag? At no point of time. Moreover bitcoin is at buying-flag all the times. Yes, buy bitcoins with the money which is not having any immediate commitments. It means buy with hold term plans. So, at this cheaper price levels 200% it must be a very good buying opportunity. Miss it and regret later.

Quote from: Swordsoffreedom on November 25, 2019, 01:14:53 AM

No one thinks bitcoin is dead. People are not exiting bitcoin.
I wonder when is price going to be low enough that people will start buying back those bitcoins that they sold at higher prices.

After watching 10 years of glorious run of bitcoins, I believe no one would assume such stupid things. Bitcoin's wild fluctuations makes all its adopters to try "trading" part at least once. This is the reason people are making bitmex kind of shorting support exchanges more famous. Traders are integral part of every commodity, they will buy when most adopters agree at some point and all the traders may able to manage to catch exact reversal points, most traders miss them out.

Swordsoffreedom

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People are selling because they believe the short term momentum is decreasing and they will be able to buy back at lower prices. No one thinks bitcoin is dead. People are not exiting bitcoin.
I wonder when is price going to be low enough that people will start buying back those bitcoins that they sold at higher prices. It's about time Wink

SapphireSpire

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Has Bitcoin change? Did it fork, was it hacked, is it any less useful as a medium of exchange?
The ONLY reason the price is down is because somebody somewhere out there decided to
dump it at this price, not because Bitcoin is suddenly less valuable. Exchange prices can be
easily manipulated (fiat banks) and are highly sensitive to the unpredictable decisions of big
traders who are acting on emotion. Whenever this happens, it's a huge BUY flag.

Topic: It's a BUY flag - page 3. (Read 555 times)