Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.
You are right, traders wants to dump bitcoin sometimes because it is an opportunity to them to buy it in low price then will sell it on higher price 
Topic: Recent dumping of bitcoin : how to take advantage of it (Read 841 times)
that has always been how the market works. it is like taking steps. you take two steps forward and 1 step back. sometimes 5 forwards and 2 back. but as long as the back tracking is smaller than the upward movement, we have ourselves a rise. even if the drop seems big to some people!
and so far we have had rises apart from the time that Mt Gox large scale scam damaged bitcoin a lot.
the way you take advantage is that you speculate when the rise will come near its end and sell there to buy back in the dip. then as the drop starts you also start buying slowly back.
and so far we have had rises apart from the time that Mt Gox large scale scam damaged bitcoin a lot.
the way you take advantage is that you speculate when the rise will come near its end and sell there to buy back in the dip. then as the drop starts you also start buying slowly back.
Movements like these makes you wonder how decentralized Bitcoin really is. We will probably continue to see such volatility until the big holders have sold their Bitcoin.
I'd guess the volatility we saw today was mostly caused by new money. Long term hodlers don't get fazed like that. But it's impossible to say for sure.
What the hell just happened to the markets today, Bitcoin in particular!?? That was a pretty steep and quick market sell-off for it to just be some profit taking?
The market got overly enthusiastic due to finally breaking the legendary USD 10,000,- barrier, causing it to overshoot. As usual with markets that grow too quick, a correction followed. Think of it as a mini bubble.
Really? The longer I'm in cryptocurrencies the more I'm getting the feeling there are different forces at play than just weak hands. Look what happened a while ago with the cancellation of Bitcoin Segwit2x and the surge of Bitcoin Cash.
What I do is whenever I feel BTC price reached a point that it will start to dump again, I convert 10% of my BTC to USDT so even when the price of BTC goes down, I still have USDT that I got from BTC when its still high, once it reaches a price that I think is bottom already and will go up again, I buy BTC from my USDT, that increases the number of BTCs I hold.
I had bought some coins earlier this year and decided to stick it out.
I was hoping for 10k USD at most but it went a lot higher which made me slightly worried that at least the last 4k should consist of new users ready to throw away at any time.
Movements like these makes you wonder how decentralized Bitcoin really is. We will probably continue to see such volatility until the big holders have sold their Bitcoin.
I'd guess the volatility we saw today was mostly caused by new money. Long term hodlers don't get fazed like that. But it's impossible to say for sure.
What the hell just happened to the markets today, Bitcoin in particular!?? That was a pretty steep and quick market sell-off for it to just be some profit taking?
The market got overly enthusiastic due to finally breaking the legendary USD 10,000,- barrier, causing it to overshoot. As usual with markets that grow too quick, a correction followed. Think of it as a mini bubble.
yes, it's a simple thing, this is what I'm worried about, when bitcoin rises too high, it will fall drastically. then I think if bitcoin is above then bitcoin owners should quickly sell it before the price goes back down.
I agree with your way of thinking, buying at the time of dump.
Right.Buying is the best thing i know and then hold it for long years.But i think it will only last for an hour or a day,i see bitcoin to continue on increasing up to the end of this year.I hope bitcoin will not disappoint us by now. I agree with your way of thinking, buying at the time of dump.
Just like the movement after the Bitcoin Cash take-over attempt, when Bitcoin fell from 7900 to 5500 and back up again in an hour, these kind of flash crash don't last long.
yes, it's a simple thing, this is what I'm worried about, when bitcoin rises too high, it will fall drastically. then I think if bitcoin is above then bitcoin owners should quickly sell it before the price goes back down.
I agree with your way of thinking, buying at the time of dump.
I agree with your way of thinking, buying at the time of dump.
Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.
if everyone know when to sell and when to buy...we all be rich. But reality is different.
We all want to sell high e buy low...but how many of us are able to do it?
I think it's too early to be calling it a dip yet. We might see bitcoin trace back to 8k support levels before we take off again for new all time highs. Or atleast take some days to consolidate around the 9-9.5k range, the 11k push was too fast, couldnt be sustained.
Seems a bit early to declare this the sweet spot to buy back in.
I would also wait and see where this goes, I wouldn't buy now, but I would set orders .. just in case it goes up faster than expected.
What the hell just happened to the markets today, Bitcoin in particular!?? That was a pretty steep and quick market sell-off for it to just be some profit taking?
Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.
This is a great opportunity for rational investors and traders to take advantage and buy at a lower price than to wait whether the decline will continue on a down trend. The decrease in the market value of bitcoin is a normal volatile of any crypto currency which most of us traders are used to the situation trading and I strongly believe that so many people will be disappointed for not bitcoin when is value was low down to $9000 because very soon upward trend will stars.
Well i must say the crash was earlier than i expected although some f us using this opportunity to buy bitcoins at lower price and sell it in a high price that is smart way to earn profit. I will just wait a little more maybe bitcoin price drop more if that's so i'll take the opportunity
But when you say "sell", do you mean converting to Fiat or to other Crypto?
Well both once you convert your bitcoins into fiat or other cryptocurrencies it is a sell in bitcoin but in altcoin it is a buy.
Movements like these makes you wonder how decentralized Bitcoin really is. We will probably continue to see such volatility until the big holders have sold their Bitcoin.
I think the ppl that sold at $11k will now be buying at $9k~. It's just a matter of days before it goes back up and beyond.
This is not like the bitcoin of the past, where a few Chinese players could manipulate the market so easily. Now btc is being used more as currency by multiple countries, which will help stabilize it and make it grow. It's the investors that pump and dump and cause wild fluctuations like this. However, since there's more regular users and countries involved, we shouldn't see massive drops like we have in the beginning.
This is not like the bitcoin of the past, where a few Chinese players could manipulate the market so easily. Now btc is being used more as currency by multiple countries, which will help stabilize it and make it grow. It's the investors that pump and dump and cause wild fluctuations like this. However, since there's more regular users and countries involved, we shouldn't see massive drops like we have in the beginning.
Seems a bit early to declare this the sweet spot to buy back in.
So you are claiming you should buy when its low and sell when its high? This is a genius idea! I wonder why no one has even thought of this before at all.
End sarcasm. That is always the goal, but its super hard to determine when one of these things is going to happen and thats the problem.
End sarcasm. That is always the goal, but its super hard to determine when one of these things is going to happen and thats the problem.
Hi. its still too high for my taste. i will wait a bit and then buy some
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