Time to buy the dip | Bitcointalksearch.org

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

A year ago was $700/BTC.
Do you understand the great painting?

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

It is a great painting indeed. Mass adoption is what we will call it. Most people ended up realizing that bitcoin aren't the usual fiat and not a joking matter and decided to look more into it until they realized it is a value worth investing in at this stage and at any price they can get it now. Some of us met it when the value was not much and so many people in the future will even consider today's value as extremely cheap and wish they had gotten in earlier.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Denker on October 12, 2017, 03:52:50 AM

Quote from: Granxis on October 12, 2017, 03:35:07 AM

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

That was a cascade of short liquiditions.
Let the fomo settle and the price pull back for a moment.
And this is a good entry! Why? Because we broke the sideways channel upwards! Actual target for many traders who go long from here will be 6-7k at least!

That target price is a near speculation the price might went because it might drop when the Hard Fork comes near then I think that is the best time to buy bitcoin, but for now it is good to hold on to your bitcoin for now until the price ricochets back down.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Granxis on October 12, 2017, 03:35:07 AM

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

That was a cascade of short liquiditions.
Let the fomo settle and the price pull back for a moment.
And this is a good entry! Why? Because we broke the sideways channel upwards! Actual target for many traders who go long from here will be 6-7k at least!

Granxis

hero member

Activity: 1400

Merit: 536

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

hello_good_sir

hero member

Activity: 1008

Merit: 531

Quote from: BillyBobZorton on October 10, 2017, 05:44:55 PM

Typical retrace when the acceleration of the price is too steep and it fails to crush the ATH mark at first attempt. Well good news for these that still didn't buy, time to buy the dip and enjoy your $5000 coming near your soon. Clear ascending triangle still at work and if you get out now you will make a great mistake. We aren't going any lower. $4600 is the lowest attempt if you want to gamble to get as close as possible to the retrace. If you have been around the bitcoin game for long you should know that taking these chances is a mistake, just buy the dip, this big red candle will not last.

As predicted by you, today we see another shot at $5000.

Resistance is quite strong, as seen before. However, once this resistance is gone, we should not only see bitcoin rise above $5000, but potentially much further up than $5000, along the lines of around $5200-5300.

If there are any more dips below $4750, buy them.

eagleman

hero member

Activity: 1190

Merit: 504

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

That's what we call dip waiters, I mean the people keeps on waiting for the dip. It will never get lower again at $3,000 or $4,000 I had agree with Billy that bitcoin's price will be lowest at $4,600 but it's still quite early to wait for the dip while the fork isn't done yet.

Quote from: jtipt on October 11, 2017, 11:44:03 AM

The real dip was when when btc fell form $4800(what's it back to now) to $3000

I guess that's the proper dip and it's what we call as the correction and if you are not able to buy at that time, you'll can't move on as we are now skyrocketing.

fabiorem

sr. member

Activity: 1400

Merit: 347

The next dip will go to $5000.

junoreactor

full member

Activity: 196

Merit: 109

Quote from: jtipt on October 11, 2017, 11:44:03 AM

I agree with you, but honestly this isn't the dip. The real dip was when when btc fell form $4800(what's it back to now) to $3000, I was saying out loud that it's the perfect time to buy, probably the last time we saw $3000, but people were more busy selling because they thought BTC died, because what? China banned some shit ICOs or Jaime Dimon called it a ponzi. People, other than the truth BTC enthusiasts, will never understand.

Still can't believe people were selling because of this "chinese" news. People tend to get too emotional and overreact to anything these days.
The dump caused by China ICOs banning is nothing in the long term perspective (IMO of course).
Wink

Karpeles

legendary

Activity: 1162

Merit: 1000

I think you missed the opportunity, when prices were closer to $4000.

There will be another fork in more or less 10 days, I think it is unlikely that another dip wouldn't happen.

jtipt

hero member

Activity: 1050

Merit: 529

I agree with you, but honestly this isn't the dip. The real dip was when when btc fell form $4800(what's it back to now) to $3000, I was saying out loud that it's the perfect time to buy, probably the last time we saw $3000, but people were more busy selling because they thought BTC died, because what? China banned some shit ICOs or Jaime Dimon called it a ponzi. People, other than the truth BTC enthusiasts, will never understand.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Martisor-Sobru on October 11, 2017, 10:51:36 AM

Quote from: BillyBobZorton on October 11, 2017, 07:49:51 AM

People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC

Reasoning is correct but not complete.

To judge frankly: Bitcoin Gold brings only 5% profit (super super optimistic)
But buying BTC ($800/BTC at the beginning of the year) with $5000 is a major risk (because BTC doesn't cure cancer ... yet)

Last year halving cost is only price was around 800$ USD but this year bitcoin cost started raising after this year February so from that time now price increasing continuesly without big trouble.
Anytime bitcoin investment to buy is good because price potential takes to flight in future for sure.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: Martisor-Sobru on October 11, 2017, 10:51:36 AM

Quote from: BillyBobZorton on October 11, 2017, 07:49:51 AM

People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC

Reasoning is correct but not complete.

To judge frankly: Bitcoin Gold brings only 5% profit (super super optimistic)
But buying BTC ($800/BTC at the beginning of the year) with $5000 is a major risk (because BTC doesn't cure cancer ... yet)

It's not a risk to buy BTC at $5000 if you believe in what bitcoin can accomplish long term, it's not risky at all.

And now on the technical perspective, we are going to test $4910 soon, if we get through it then we will have a second opportunity to reach ATH.

And on the fundamentals, the price will keep rising after Bitcoin Gold. November is still far, 20 days is a long time on crypto, we could even reach $6000 before the segwit2x attack crashes the market, and that's a cool $1000 gain if you buy at $5000.

Martisor-Sobru

hero member

Activity: 541

Merit: 500

Quote from: BillyBobZorton on October 11, 2017, 07:49:51 AM

People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC

Reasoning is correct but not complete.

To judge frankly: Bitcoin Gold brings only 5% profit (super super optimistic)
But buying BTC ($800/BTC at the beginning of the year) with $5000 is a major risk (because BTC doesn't cure cancer ... yet)

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: AT101ET on October 11, 2017, 02:52:54 AM

It'd be interesting to hear your analysis on what makes you think that $4600 will be the baseline price. Don't get me wrong, I think we'll be seeing a new ATH very soon but that's not to say that it won't have its hits too. Sub $4000 is still very possible. Either way, buying at around the $4000 or $5000 won't make much of a difference come 2 years time. Both would be considered bargains Wink

It's pretty simple, I just look at the previous resistance points and those are the places where I expect Bitcoin to bounce back towards ATH because at the end of the day, people want free money, and Bitcoin is the place to be with all these hardforks coming. People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC, so these resistances will be very solid. As we are seeing, we are back to $4800+

I expect the ATH resistance to be broken this week, next week as of late. It will try for a while in the current ascending triangle formation so if you day trade and like risk you can try on that range.

Rudzaki

member

Activity: 105

Merit: 100

Quote from: RoommateAgreement on October 11, 2017, 06:21:36 AM

i am usually the one who makes a topic like this

but i usually do it before a major dip, i didn't see any major dips this time, although this dip was good too and in my opinion these types of dips are mostly good for traders who want to make some nice amount of profit in short term.
most other investors who are (mostly) long term investors can buy anytime they want an still make profit.

Long-term investors look at nervous novices and smile. Now is a good time to buy coins. But I do not have free money for this. It upsets me

hase0278

hero member

Activity: 882

Merit: 544

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

A year ago was $700/BTC.
Do you understand the great painting?

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

It certainly was surprising how people is willing to buy bitcoin $5000 now when it was not even worth 1000$ a year ago. Still I agree in OP's points for now bitcoin won't probably go lower than 4600$ in the near future but it might be possible to go way down beyond in the far future. Still I don't see it happening soon so buy now the dip that occurred is quite good IMO.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

i am usually the one who makes a topic like this

but i usually do it before a major dip, i didn't see any major dips this time, although this dip was good too and in my opinion these types of dips are mostly good for traders who want to make some nice amount of profit in short term.
most other investors who are (mostly) long term investors can buy anytime they want an still make profit.

Herbert2020

legendary

Activity: 1946

Merit: 1137

i completely agree with OP, it is the same story every time the ATH is tested to be broken again. even same patterns can be seen on the charts,
- price trying to break ATH,
- not succeeding,
- drop,
- consolidation
- rise to test again.

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

A year ago was $700/BTC.
Do you understand the great painting?

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

and a little before that it was $400 and before it was $200 and people were complaining why bitcoin is too expensive.
i just posted this comment: https://bitcointalksearch.org/topic/m.22840552
to share a link of people were complaining that price is $20-$30 and it is too expensive it should drop to <$1

hope you see the trend Wink

junoreactor

full member

Activity: 196

Merit: 109

Quote from: BitHodler on October 11, 2017, 03:50:34 AM

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

That's normal. I remember that when the price was still far below the $500 mark, I stopped buying because I had accumulated enough coins already, and was only interested to buy more if the price went back down.

Hi BitHodler,
Just curious, did you sell some since? Or still holding everything you bought when the price was below 500?

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Martisor-Sobru on October 10, 2017, 06:10:32 PM

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000? Cheesy

That's normal. I remember that when the price was still far below the $500 mark, I stopped buying because I had accumulated enough coins already, and was only interested to buy more if the price went back down.

Instead, it went only up and up. It has all to do with market sentiment, certain important developments, think about the activation of SegWit, countries legalizing/regulating Bitcoin, and the list goes on.

People (those who haven't brought anything yet) right now have the feeling that they missed out big time, and for that reason want to enter this market at any cost. Great thing is that Bitcoin has an insane amount of future growth potential.

In other words, even at current levels, it's still a great long term investment.

Topic: Time to buy the dip (Read 789 times)