That was a great dip | Bitcointalksearch.org

error08

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Quote from: thejaytiesto on December 07, 2016, 10:31:59 AM

Quote from: Dafar on December 07, 2016, 10:17:04 AM

Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

Fuck $800

$5000-$10,000 or bust

We will there, its inevitable, but first we must break 778, then we will be at 800 in no time, and then we will hit 1k mental barrier, ATH mental barrier, and after that sky is the limit. The big mega pump from hell that sets us x1000 where we are at can happen at any random time.

We don't buy to words of panic sellers, they are who want to make instant profits and caused the price of bitcoin drop back again and again. I agree if we break mental barrier would be great for bitcoin development and we will see constantly increases and more adoption everywhere.

Kevin77

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Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

What will be your opinion on those who had bought bitcoins around $220 price levels just 12 months back. More than triple benefits for their investment in less than one year period of holding.

I agree every dip must be a buying opportunity. God's grace I have also used those buying opportunities. I am holding with the dream of having $10k price levels. So, this tripling is not not a big concern for me.

BitcoinHodler

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Quote from: 1Referee on December 08, 2016, 04:41:23 AM

Quote from: pealr12 on December 08, 2016, 03:49:24 AM

I recently saw an article that says bitcoin could hit 2000$ with the help of the coming president trump.

A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.”

I never add any value to such predictions. Mainly because of the fact that 99% of the times they are way off with their predictions. Speculating about prices far higher than $1000 doesn't really make any sense as we are still a decent amount below the $1000 level. Right now we should focus on reaching the $800 level, which already can be seen as a more than difficult target. The fact that we are only ~$30 away from reaching $800 doesn't change anything in that regard.

those speculations about $1000 and above that are usually long term speculations excluding those that are trolling of course. but what you are talking about is more of a shorter term speculation and both of them are valid as long as there is some though put into them and i never pass them if they are good and not a random topic of someone guessing.

1Referee

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Quote from: pealr12 on December 08, 2016, 03:49:24 AM

I recently saw an article that says bitcoin could hit 2000$ with the help of the coming president trump.

A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.”

I never add any value to such predictions. Mainly because of the fact that 99% of the times they are way off with their predictions. Speculating about prices far higher than $1000 doesn't really make any sense as we are still a decent amount below the $1000 level. Right now we should focus on reaching the $800 level, which already can be seen as a more than difficult target. The fact that we are only ~$30 away from reaching $800 doesn't change anything in that regard.

Betwrong

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Quote from: Dafar on December 07, 2016, 10:17:04 AM

Fuck $800

$5000-$10,000 or bust

Haha, yeah! But jokes aside I think Bitcoin will reach $10,000 or even will go over, it just will take some time, ten years maybe or so. For now $800 is a very good price which can be pretty stable in the next several months.

As for the buying at $740, well OP, good job! I think it's pretty safe to buy at anything below $750 right now.

pealr12

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I recently saw an article that says bitcoin could hit 2000$ with the help of the coming president trump.

A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.”

Przemax

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I would say now maybe a time to buy litecoins short term. Bitcoins need to confirm if it will gain new highs. If it will I may consider to buy some more. If bitcoin wont gain new highs in my opinion it will test the support again. After the possitove support test I could buy more bitcoins as well.

Sundark

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Quote from: DimensionZ on December 08, 2016, 02:26:13 AM

I think the perfect time to buy lots of Bitcoins was just before the halving. Now it's kinda tricky to navigate around all these highs and lows and while it's still possible to make some profit, the margins are way smaller. I don't take advantage of these dips but I would be very wary if I did because it's very easy to be fooled by the price movement and lose a chunk of your funds chasing elusive profit.

Have you seen price predictions and analysis for the next year? It is gonna be awesome. Current price is still way below expectations.
With all Bitcoin related project in 2017 (Yours, Bitcache/Megaupload 2.0) bitcoin price will double.

DimensionZ

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Shit, did I leave the stove on?

I think the perfect time to buy lots of Bitcoins was just before the halving. Now it's kinda tricky to navigate around all these highs and lows and while it's still possible to make some profit, the margins are way smaller. I don't take advantage of these dips but I would be very wary if I did because it's very easy to be fooled by the price movement and lose a chunk of your funds chasing elusive profit.

azguard

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Quote from: Lucius on December 07, 2016, 11:11:39 AM

Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

This is an excellent time for traders,they can make a good profit on a daily basis,but it is also interesting to see can BTC reach 800$ by the end of this year.In my opinion it will not be easy to reach 800$ this year,but if it happens will not last long.Many will sell again to make some profit as we approach the holidays so that there could be opportunities for buy more cheap coins.

It is more realistic for bitcoin to hit 800 rather to hit 1000 at this point this month or next one.
800$ is very reachable price for 1 btc at the moment and i dont see any obstacle for this to happen at the moment.
Think we will see first break over 800 then something stable and then we will see price over 1000.

Sundark

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Quote from: Meuh6879 on December 07, 2016, 01:48:27 PM

3200 USD for me, i trust this before 2020.

Let's just hope bitcoin won't be banned before then. Some governemnts aready control FIAT and recently want to control gold too.
Bitcoin might be their next target. Network will survive but there might be less and less people wanting to use BTC.

xIIImaL

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Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

Yeah traders would be profitable by that. I suggest you hold your bitcoins till new year. I am sure you achieve the value 800$ plus as many speculation thread saying. Currently i have holder nearly 0.2 btc in my wallet I hope i will be getting profit for sure.

pooya87

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Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

testing the bottom resistance maybe? it surely seems so and if past is any indication there is usually a launch to a much higher price after this phase. in this case with the bottom tested around 730-740 and also the market being ready the launch can be near which can soon end up at $810

traderethereum

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Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

at least you made a good profit between that price and yes the uptrend is still going on, lets we hope it will increase before the end of this year so the profit we've made is bigger than that. by the way, i am not waiting for panic sell from the market since it can be happen in this year so lets see what will happen later.

Shiroslullaby

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Any time the price drops $20 to $50 right now is a good time to buy.
You can make some profits if you have enough to invest.
I'm sure some whales are making millions every week while little fish like me are just happy to make a few dollars.

podyx

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Stacking up on the lows while mainstream slowly creeps behind.

richardsNY

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While the dip was a very small one, well experienced traders can make a decent amount of money from it considering they buy quite some coins. I personally think we will hit $800 in the new year, but I don't completely write off the chances of seeing it happen this year. If I had to put the chances in percentages then it would be 25% this year, and 75% next year.

Huge Black Woman

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Quote from: Dafar on December 07, 2016, 10:17:04 AM

Fuck $800

$5000-$10,000 or bust

Small steps, no? If we all jumped to $50,000 tomorrow, no way would that be a keepable gain. Profit taking alone would knock the price back down ta earth. I'm witchu, but I like thejaytiesto's way much betta. Also good call buying the dip.

chaser15

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Quote from: thejaytiesto on December 07, 2016, 10:15:37 AM

I bought more bitcoin when it dipped at around 740 dollars, now we are back at 762, the uptrend continues and is still very strong. The path towards 800 is still happening so don't get tricked by the dips, just buy every dip and don't fall for panic sellers.

Nothing much surprises with the recent bitcoin price movement since if the price plays for a matter of $50 difference and really bouncing back always to it's average high and low, I considered that as a normal market move with slight push and pull from those who are taking the waves of pump and dip.

Panic sellers just secured profit and somehow they can't create a havoc due to strong resistance at the current price. Hopefull we just sit to above $700 so that it can maintain a good support while preparing for a next flight to another price level.

quake313

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Quote from: Kprawn on December 07, 2016, 01:57:11 PM

Quote from: bitbunnny on December 07, 2016, 01:40:57 PM

We are geting closer and closer to 800$, hope that will happen soon. This is also good period for traders with opportunities to earn some extra coins. Dumps are not big but just enough to make some profit. I also guess we would all like to see 1000$ but for end of this year this could be maybe to optimistic.

The last thing that drove the price to $1000+ was the Willybot doing it's thing. Roll Eyes

I am sick of hearing about the "willybot" as the reason BTC went over $1000. People quote that shit as a fact when no one really knows. If anything, GREED was the reason BTC went over 1k and will probably be the driving force when BTC surpasses the ATH.

PS. I see your side-eyes Emoji Grin

Topic: That was a great dip (Read 1164 times)