Topic: Time to buy cheap coins (Read 1363 times)
There are too many people being baited by that sudden drop in bitcoin's price a few days ago. I wanted to buy some at that time but I'm out of cash so I couldn't. Idk why people are still into the notion that when there is a price drop, bitcoin is dead. Still they can't see the opportunity that it gives them. Oh well.
China and global whales are shaking weak hands, time to buy while the price starts going up again due FOMO. Good news incoming too to push the next bull cycle soon. Good luck.
I'm genuinely curious: What does the first part of your post mean exactly? China is doing what and whales are doing what, and weak hands are what? I hear all of those things thrown around a lot here and it seems they're used to explain everything bitcoin does. it means when after a rise whales sell their coins and do a little dump to gain the profit ($770-$780) and then there are many other methods (that i don't want to get into it here) to reduce the price so "weak hands" or "newbies" panic and sell their coins (down to $550) this is the time when those whales (who sold on top) are waiting at the bottom ($550) with their buy orders to buy from those "weak hands" that are being kicked out of the market. then the price will start rising again ($600) and those "weak hands" join in again by buying higher price that they have sold so the price goes up again ($665).
According to me you never lose anything doesn't matter if the price goes up and low unless you sell your bitcoins.Just keep holding and the rates will be back up so you never lose
Trading is not for weak hearts anyways.
it is not stupidity it is lack of experience and not knowing what they really want.
I believe most of these weak hands are affected by the hype and fud that is why their decision making is always off.
when you go on the internet and read "bitcoin is going to the moon ($10k)" and start buying to not miss out and then panic and sell as soon as you read "bitcoin is dead and being dumped to $1" that is when you have to know you are doing something wrong.
China and global whales are shaking weak hands, time to buy while the price starts going up again due FOMO. Good news incoming too to push the next bull cycle soon. Good luck.
I'm genuinely curious: What does the first part of your post mean exactly? China is doing what and whales are doing what, and weak hands are what? I hear all of those things thrown around a lot here and it seems they're used to explain everything bitcoin does. it means when after a rise whales sell their coins and do a little dump to gain the profit ($770-$780) and then there are many other methods (that i don't want to get into it here) to reduce the price so "weak hands" or "newbies" panic and sell their coins (down to $550) this is the time when those whales (who sold on top) are waiting at the bottom ($550) with their buy orders to buy from those "weak hands" that are being kicked out of the market. then the price will start rising again ($600) and those "weak hands" join in again by buying higher price that they have sold so the price goes up again ($665).
According to me you never lose anything doesn't matter if the price goes up and low unless you sell your bitcoins.Just keep holding and the rates will be back up so you never lose
Trading is not for weak hearts anyways.
China and global whales are shaking weak hands, time to buy while the price starts going up again due FOMO. Good news incoming too to push the next bull cycle soon. Good luck.
I'm genuinely curious: What does the first part of your post mean exactly? China is doing what and whales are doing what, and weak hands are what? I hear all of those things thrown around a lot here and it seems they're used to explain everything bitcoin does. it means when after a rise whales sell their coins and do a little dump to gain the profit ($770-$780) and then there are many other methods (that i don't want to get into it here) to reduce the price so "weak hands" or "newbies" panic and sell their coins (down to $550) this is the time when those whales (who sold on top) are waiting at the bottom ($550) with their buy orders to buy from those "weak hands" that are being kicked out of the market. then the price will start rising again ($600) and those "weak hands" join in again by buying higher price that they have sold so the price goes up again ($665).
China and global whales are shaking weak hands, time to buy while the price starts going up again due FOMO. Good news incoming too to push the next bull cycle soon. Good luck.
I'm genuinely curious: What does the first part of your post mean exactly? China is doing what and whales are doing what, and weak hands are what? I hear all of those things thrown around a lot here and it seems they're used to explain everything bitcoin does. If someone bought yesterday on the lowest point the price reached $530, he would earn today $100 in each BTC. so If I had funds I would buy more because the price may go up in the next weeks again
that's indeed easy money in just 24 hours time. this shows that bitcoin is full of surprises. it's amazing using this volatility in my advantage as trader. where else can you make that much money in such a short time? a lot people were waiting to enter the market at $700 prices, but they didn't buy because they felt it was a bit too high. yesterday was the ideal moment to grab themselves a nice seat in the bitcoin train. chooo chooo!!
If someone bought yesterday on the lowest point the price reached $530, he would earn today $100 in each BTC. so If I had funds I would buy more because the price may go up in the next weeks again
Better to buy back when price is still under 600$ and even better when price has hit 530$ range today. You could have been already 10%+ up by now. 
Yeah bitcoins are available at discounted rate at a moment, so its good price to buy as price may hit the magical price of $1k at halving.
This is a bounce, as some have said. I think it's likely to dip down below $600 again soon before stabilizing
Better to buy back when price is still under 600$ and even better when price has hit 530$ range today. You could have been already 10%+ up by now.
So heres my take on top of what op has said.
Outside from global markets which promotes more orders in the us based exchanges - its also whats promoting buying behavior within the exchange as well.
Like this https://blog.coinbase.com/2016/06/22/coinbase-adds-support-for-paypal-and-credit-cards/
Coinbase despite people hating them for support reasons etc, are now adding on way easier steps to obtain bitcoin at close to fair value rates which puts everyone on the localbitcoins exchange on check to do the same on buying factors. Selling on the other would be different obviously.
Outside from global markets which promotes more orders in the us based exchanges - its also whats promoting buying behavior within the exchange as well.
Like this https://blog.coinbase.com/2016/06/22/coinbase-adds-support-for-paypal-and-credit-cards/
Coinbase despite people hating them for support reasons etc, are now adding on way easier steps to obtain bitcoin at close to fair value rates which puts everyone on the localbitcoins exchange on check to do the same on buying factors. Selling on the other would be different obviously.
I think better to don't waste yopur time right now becauser the movement of the price of bitcoin right now is fast.. and i think bitcoin still fighting and better to buy bitcoin right now to get more profit soon..
we won't see higher high soon guys, trade the bounce, but holding what you bought now could be risky if you are aiming an ath to sell (you could buy cheaper before that happens).
On seeing the continuous increase I spend the amount I had to buy a small portion when the price was around $710. Never expected such a sudden decrease in a short term as its happening right now.
yeah it has been a surprising ride, first it crossed $750 in quick time which was surprising and unbelievable and now its declining like crazy which is again surprising.
On seeing the continuous increase I spend the amount I had to buy a small portion when the price was around $710. Never expected such a sudden decrease in a short term as its happening right now.
Yeah its the best time to buy rigt now.. and i think the price will increase again back fast.. from 500 price above now the price is increased according to preev price its 612.0 just now read it again guys. its gradually increasing.. and i think the price of bitcoin sooner will be back even in 650 or much more..
Argggg! Why didn't I buy more below $600?
Definitely +$600 now in the most of exchanges, it was ~$570 few minutes ago, if the price is pushed heavily enough we will see +$700 by tomorrow
Hehe, that was quick. I was expecting whales to start going in hard anytime soon now. Too many good news cooking. The protocol is getting big updates soon and big business are getting involved in bitcoin, I just saw the paypal news and this is huge.
I wasnt able to buy more in time tho, cause my salary is still not paid until end of this month, hope it doesnt rise too quick.
Definitely +$600 now in the most of exchanges, it was ~$570 few minutes ago, if the price is pushed heavily enough we will see +$700 by tomorrow
Yes this was just what we needed to continue the pump. See you guys at the new all time high.
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