look at this article bitcoin at 5.5k and they still called it a "dip" - page 2.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: hubballi on December 02, 2018, 04:17:44 PM

No one can tell which price is dip and when will it bounce, on each low everyone goes for another low as resistance but one thing is sure that if the market goes below $3000 then we can see massive sell and the price will move below $2000 very easily and then the market will take lot of time to recover. But still it will be a very good time to start buying bitcoins as after 2 or 3 years you will surely see a very good price and good profit.

i wouldn't say "market" i would rather use the term "social support"

hubballi

sr. member

Activity: 882

Merit: 297

No one can tell which price is dip and when will it bounce, on each low everyone goes for another low as resistance but one thing is sure that if the market goes below $3000 then we can see massive sell and the price will move below $2000 very easily and then the market will take lot of time to recover. But still it will be a very good time to start buying bitcoins as after 2 or 3 years you will surely see a very good price and good profit.

mekie

member

Activity: 308

Merit: 11

If you are buying bitcoins and not just buying options with large leverage then the article makes sense, this is pretty much what i try to do, and the lower it goes the more i buy and at the same time selling coins that were bought cheaply and are now showing a profit, and use the cash to buy more when the market drops again, sometimes you have to be patient as coins bought near the top of the market will show substancial losses if sold now.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: mindrust on December 02, 2018, 03:15:17 PM

The real dip is at $2k.

People have been calling the dip whenever the price drops %10-20 because they were hoping that this time it is going to recover, when they realize they were wrong, they call the dip next time. What they don't realize is, there isn't a shortage of dips in a bear market. (Unless it is $2k:))

If we go below $2k and stay there for more than a month however, now you can freely say "bitcoin is dead"

Not saying it can't be revived in the future but staying for a month or two below $2k means It is pretty much dead which is why it is probably not going to happen.

Bitcoin won't die before USD dies. USD will die long before bitcoin.

Marketcap of bitcoin is tiny compared to how much USD was printed by the fed.

$72bn only. We are still at the beginning of the history. At this point bitcoin is no bigger than a mid size company.

thats true american banking cartel is truly big gambling garbage.

if bitcoin would be traded with euro everything would have been much thougher, and banksters would suffer much more trust loss

but entire discussion weather dip or nor is complete garbage and should better be ignored.

mindrust

legendary

Activity: 3276

Merit: 2442

The real dip is at $2k.

People have been calling the dip whenever the price drops %10-20 because they were hoping that this time it is going to recover, when they realize they were wrong, they call the dip next time. What they don't realize is, there isn't a shortage of dips in a bear market. (Unless it is $2k:))

If we go below $2k and stay there for more than a month however, now you can freely say "bitcoin is dead"

Not saying it can't be revived in the future but staying for a month or two below $2k means It is pretty much dead which is why it is probably not going to happen.

Bitcoin won't die before USD dies. USD will die long before bitcoin.

Marketcap of bitcoin is tiny compared to how much USD was printed by the fed.

$72bn only. We are still at the beginning of the history. At this point bitcoin is no bigger than a mid size company.

Cajunlady78

newbie

Activity: 2

Merit: 0

Quote from: rodalutor on December 02, 2018, 03:08:37 PM

Plenty of people think that bitcoin won't succeed and the trend will reverse and that this could be the start of it but even if that's the case it wouldn't be a complete collapse without any signs of recovery. Even if BTC were to be dead (I don't think it is) then there would be so called dead cat bounces, and they would follow on from the dips.

rodalutor

full member

Activity: 364

Merit: 105

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Plenty of people think that bitcoin won't succeed and the trend will reverse and that this could be the start of it but even if that's the case it wouldn't be a complete collapse without any signs of recovery. Even if BTC were to be dead (I don't think it is) then there would be so called dead cat bounces, and they would follow on from the dips.

KingScorpio

sr. member

Activity: 1470

Merit: 325

https://www.cryptolinenews.com/2018/11/crypto-investors/

in this article they called bitcoin being in a dip while it was at 5.5k there are no reasonable analysis or recommendetions here is all purely agenda driven, so there is no reasoning possible.

they will always call it a dip or bear market and never even consider it being a collapse or trend change.

those that belived those crappy articles and recommendations lost almost 30% value till today, within just 2 weeks

regards

Topic: look at this article bitcoin at 5.5k and they still called it a "dip" - page 2. (Read 388 times)