Time to buy the dip - page 2. | Bitcointalksearch.org

rodalutor

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Quote from: pereira4 on December 17, 2017, 02:06:10 PM

Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.

It seems so, I had planned to sell just under 20k and look to rebuy around 18, unfortunately I was away from my computer and missed the opportunity to sell, now I'm just going to hold out until we make another approach or until 20k+ is achieved.

Don Pedro Dinero

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Quote from: pereira4 on December 17, 2017, 02:30:57 PM

Quote from: Fortify on December 17, 2017, 02:21:05 PM

There is nothing "classic" about the way that bitcoin behaves and trying to analyse it like that is a dangerous game. It has been on a long upward trend for a while now, so it could be a retracement or it could be the start of a much deeper plunge. Lots of people still seem interested in it however, so it may be a minor blip.

We could go back to the previous support trend line at $16,300-ish, or we could bounce back at $18,300-ish to continue an agressive bull run. Either way, the overall trend is still very bullish. I wouldn't consider a bear market to start unless we spent a lot of time under $11,000, or even $7000

Total coins: 21 million.

People not buying as many as they can: total idiots.

CME: Mindless FUD. Just wall street gamblers and their contracts, has no relevancy to Bitcoin.

FIAT: Continues to print insane amounts of money.

I don't see a bear market anywhere. Therefore, buy the dip applies.

Your inability to see something doesn’t mean that won’t happen.

There will be a bear market if Bitfinex blows up or if USA starts blocking access to exchanges due to the recently passed law to abolish net neutrality and other major countries start doing the same. There are more events that can happen, and we can’t foresee.

This being said, I think the most likely scenario is that Bitcoin will keep going up in the near future.

EcoChavCrypto

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Quote from: pereira4 on December 17, 2017, 02:06:10 PM

Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.

Shorts from the CME? Are you sure about this? i dont think that it will happen.

The opposite happened with the futures from the other company, everybody said that they were going to short and nothing happened, only that the price skyrocketed in a few minutes

But yes, once that it touches the psycho barrier on the 20k, the price will be followed by a little dip, no more than $1000.

it already happened because the price touched more than 20k today and it is below 19,1k right now.

Ultra777

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Quote from: pereira4 on December 17, 2017, 02:06:10 PM

Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.

But what if it's the end of pump? BTC price was completely unpredictable by pro traders who was trading BTC for long time... It's pretty random to me. I gave up on guessing where it will move. Sold my BTC for USDT @ 9800 and 14900 Cheesy

pereira4

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Quote from: Fortify on December 17, 2017, 02:21:05 PM

There is nothing "classic" about the way that bitcoin behaves and trying to analyse it like that is a dangerous game. It has been on a long upward trend for a while now, so it could be a retracement or it could be the start of a much deeper plunge. Lots of people still seem interested in it however, so it may be a minor blip.

We could go back to the previous support trend line at $16,300-ish, or we could bounce back at $18,300-ish to continue an agressive bull run. Either way, the overall trend is still very bullish. I wouldn't consider a bear market to start unless we spent a lot of time under $11,000, or even $7000

Total coins: 21 million.

People not buying as many as they can: total idiots.

CME: Mindless FUD. Just wall street gamblers and their contracts, has no relevancy to Bitcoin.

FIAT: Continues to print insane amounts of money.

I don't see a bear market anywhere. Therefore, buy the dip applies.

uscarrafone

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Two days of growth and 6 hours of "correction" lately, but still recent activity it's not supposed to be always like that.

Fortify

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There is nothing "classic" about the way that bitcoin behaves and trying to analyse it like that is a dangerous game. It has been on a long upward trend for a while now, so it could be a retracement or it could be the start of a much deeper plunge. Lots of people still seem interested in it however, so it may be a minor blip.

player514

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Quote from: pereira4 on December 17, 2017, 02:06:10 PM

Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.

People who buy the dip will actually be the saviors for those who keep their money in bitcoin. At every critical point, time and time again, people have their major sell orders in and pull out causing that correction to follow up. But as you can see so far, it seems like we've been able to overcome all of those drops. It's pretty amazing to think about it -- there are so many people interested in buying that they're able to even out the correction to bring prices back to the original state. Bitcoin is such a roller coaster.

pereira4

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Classic retracement from first attempt to break $20,000. We already saw this before in other round numbers, happens sometime. Dip followed with nonsensical CME shorts FUD will be followed by a new ATH in a couple of days. Buy the dip or cry later, be warned.

Topic: Time to buy the dip - page 2. (Read 283 times)