Bitcoin Forum

Let it bottom out first!!!!

Buying now is stupid, you'll be out of money before you prop up this crash.

Lol if you buy now for cheap And iT Will be €1200 again then you make Some Nice profit

Why is it not showing these lows on this chart yet?
https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd#

Slow to notice?

Better chart to give more depiction of what is really going on here:
https://bitcoinwisdom.com/markets/bitfinex/btcusd

Your welcome. ;D

When USD crashes, BTC will skyrocket.  Don't worry

Bitcoinaverage is an averaging service which bases their index on averaging of prices at many exchanges weighted by volume. They, by design, only show typical prices and not fluky extremes.

Ticker services like Bitcoinwisdom report the actual prices of individual trades at individual exchanges, including accidental fat-finger mis-trades  and other anomalies.

While individual trades did occur at $1350 and $975, they were just extremes and not representative of typical prices.

While amateur traders and speculators like to look at extremes to fantasize about prices, most professionals such as those who operate ATMs or Bitcoin retailing services prefer an average price index.

Stop buying now and others won't stop, they will make profit and you will lose the opportunity...
Move with the market, an individual action won't change anything on the market prices, better a medium profit than nothing.

This is a troll, i just buyback on $1080 and in this time the price is back again. Bitcoin on his steady way again. Let's see what's happen with bitcoin. and i think the more pump will come to recover the price or the big dump will happen in the future. Because this is crypto and there is not insurance in there.  :-*

BTC will rise soon and demanding will increase in coming month. ETF had effect but again pump in many exchanges.

I think you're right. I missed my chance to buy because I was expecting a larger dip. Do you think the Chinese exchanges opening will make it dip again?

you need to buy when price dips no matter how much. if you stop at any point you will just miss out. we can now see the chart and see the mistakes many made by staying on the side. price is already back up and the bottom is never going to come back.
you get opportunities like this only once in your lifetime in each price step.

Nothing big has happened to stop the buying, because people who believed on the price move will surely go for a buying. Even now the price retained back to the top above $1200 from which the price suddenly fall on the rejection of etf. Only reason that can be given consideration to stop buying is that there is no special events closer to take place.

Some pretty bad advice.  ;D
The market did drop, but it seems to have bottomed out very quickly. The ETF rejection doesn't seem to have had any significant impact.

Seems it is another kind of FUD from the people who always cry "bitcoin is dead this time for sure".
Basically people were not talking about bitcoin etf applications when prices crossing $1000 levels at the beginning of this years. Still they speculated about $1500 and $2000 levels just based on adoption rate of bitcoins by new people.

Bitcoin will withstand this negative news of rejection of etf application as it seemed a propelling factor for faster appreciations but I believe bitcoin prices will follow its own pace of appreciations without etf. The quick price bounce back is confirming that alone.

Without ETF and SEC is no problem, bitcoin still run and work
bitcoin create in 2009 or 8 year, without SEC still run, and today SEC rejected bitcoin price is no problem, bitcoin still run and work

No, it's a worst idea to have right now. We must not stop buying because btc holding is really good to invest and eventhough the price is unpredictable, in reality of price today I think its worth profitable to invest. If you are closely monitoring the price online we will see thr progressive fluctuations and also the ongoing recovery which ia now happening in the marketplace. So I urged everybody to buy for your holding investments, then you will not regret in the future, and you will be a wealthy bitcoin rich person.

I was talking about last night in a desperate attempt to get the price to crash further. Obviously had no effect.

The drop of the price is not so much to start to buy bitcoins. I am waiting for the fall under of 1000$ to buy couple mBTC, before that I will not even move.

Well I wonder if we ever see 3 digit mark again  :D

Indeed stop buying now so that I can buy cheaper Bitcoin next week when my paycheck arrive.  I do not have money atm so I cannot take advantage of the dump.  So am telling you guys to stop buying LOL.

Well we cannot stop people to panic buy since they are now seeing Bitcoin 100 dollar cheaper. And especially those who bought at around $1000, Im' sure they are happy and thinking that they already secured a profit by buying early during dumps.

I highly doubt it. We already recovered most of the ground lost yesterday after a huge letdown. I'm sure we'll never dip below $1000 unless a huge hack happens.

It's a great time to buy actually, this morning I woke up with Bitcoin priced at $1,124 USD, and while I'm typing this post Bitcoin is now priced at $1,180 USD. So if you buy Bitcoin early this morning at $1,124 USD, you already have a profit.

well it's returning to $1200 and above, you lost your chance to buy cheap coin, did people really expected a crash below 1000? $1000 is the new bottom get over rid, SEC ain't nothing on bitcoin, and now bitcoin have a reason to increase genuinly not for a good news, i like this more, i can foresee a steady raise from now

i keep reading around this forum a lot and the majority of the people believe that we recovered and we never going again under $1000 and we go to the moon etc stories.

my experience from the 2012-13 is that when everybody say on thing do the opposite. now in my personal trading strategy this is not important at the moment since i sold at 1180 euro after at 1142 euro. before the dump. before the ETF and we have some dumps , small but there are in the charts, i predicted them and you can see my posts on wall observer thread.

This proposal of this thread may be sounds like troll and can also be i don't know, but this is what personally i follow, what we see until now what the bots trading, i tried also to trade and lucky for me i did not because it was just not working on 2 exchanges and i tried from user panel and with API ( the api worked but i canceled the order ).

So what has saved the situation up to know in my opinion is that in fact the people could not trade, IF something starts and people are in position to trade normal we will have different effect.
Hope that i am wrong but lets see :)

Yeah price has gone down yesterday and even today we haven't touched $1200 yet so I think this is the best time to buy bitcoins as if you buy now then it can give you good profits in quick time as we may see price going higher in next couple of days.

This is not the time to stop buying because the demand of bitcoin increasing day by day, people are buying bitcoins as much as they can because in coming month the price will reach highest price and they all will get a good profit. I think you all should buy bitcoin because price will not drop much, it will definitely increase so this is a golden chance to get profit.

It's just simple. If people dont' want to buy then so be it. Regrets happened "after" not "before" so if you will not take the risk then it's a common thing that you will regret if the thing happened not goes on your desired way.

Look at the price today, a $50+ increase now during 8 hours monitoring. We can really see that with the current bitcoin price, there are still lots of buy volumes which we expected since then.

Many hours later and we have gone over the $1200 level again. At this point I personally prefer a longer term view when buying Bitcoin than just thinking about quick profits. But if you want to benefit from short term fluctuations, then that's of course perfectly understandable. In that case you could save 75% of your stash for the long term, and have the other 25% that you can use for short term trading purposes. It will allow you to benefit from both the short and long term at the same time.

The ideal time to buy was a few hours after the ETF when the price fell below $1100.  Now, I'm not sure.  I still expect the price to rise eventually, and I'm not sure what negative news on the horizon could result in the price dropping low enough for most of you to want to buy.  I agree it'll go a bit lower than this but I think people are pretty unrealistic to think it's gonna drop below $1000 again in the near future.

Correct.  The ideal time to buy was exactly when OP said it was stupid to buy.

I didn't say it was stupid to buy, I was trying to convince enough people not to buy to let the price drop further. Pretty new to coin trading so I was expecting a much larger dip and didn't move.

I will buy till i have 21 coins. Than i hold. I am a simple man.

I don't get it if you are telling that we shouldn't buy now then when should we buy when the price reaches more than $2500 end of the year.
In bitcoin mostly whatever price you have bought till now or even the current profit you will be in profit i don't know about future maybe next
year we all will be saying $2000 is still a good price to buy

This is a common fallacy related to trade.  People can't just follow the market as it is moving because by the time the trend is big enough to be noticeable, it's too late and you'll end up buying high and selling low.  The main people who make profit are the people who do a combination of recognising past trends in the market.  What they also need to do is predict future trends in the market by recognising possible news and predicting the results of things that happen (e.g. the ETF).  If you do it when you see other people do it, you're too late.  You're only on time if you see what's making them buy/sell.

Buying now is an OK or moderately bad idea.  The ideal time to buy was right after the ETF when there was a brief panic sell bringing the price to under $1100, or even before when there was some volatility right at the start of the year.  The ideal time to sell will be after block size issues are sorted and Bitcoin starts being used more commonly as a currency, raising its price, unless you are the sort of person that trades daily, in which case there are numerous places to buy and sell.

Where is the bottom? We are speculating about the price here and bitcoin price have tendency to go down after every rise, but I always they to think outside of the box, what if this is the new bottom?
On some questions I don't have answer, in moments I'm really confused. I'm satisfied how the price is holding for now, and if we look at that conclusions are that this price can be the new bottom. We will see what will happen, but I'm optimistic about bitcoin in next few weeks, especially how we handle after ETF rejection.

We gon moon it first quick 2k profit then bottom for bag boys

OP

You say you're pretty new to trading, so given that and your knowledge of this, you still felt the need to share your stupidity with others , don't buy coins when it dips , and on top of that you really think your post might have an impact on the price ? STOP BuuYying Coinsssaaa ...ok

Why do you stop buying when it is consolidating? It is the perfect time to buy because after the consolidation, the price will start to go up again. The bulls are exhausted right now, but the bears have not pulled the price down. So it means, more time to buy while the price is still low. You may regret it later if you do not get in now.

with that in mind, sometimes it will take you at a loss. do not hesitate if you have the opportunity to buy, especially when the price of a coin being dropped below 10%, it is likely that prices will rise again. if you believe the investment will you do, then do it.

That is how things work in this crypto world and i am sure every coin out in the market,what i meant is high volume coins tend to recover with every fall ,but what happens in a state when all the high volumes coins are breaching new levels when it comes to price ,i am not sure i am confident enough to enter any coin with the price we have at the moment.

Haha why you want to drop it first? Are you sure you want it do be dumped again? No matter how hard or cry you'll do about bitcoins downfall.

Well the price seems to keep on increasing and why not just go with the flow and be happy that the price is good to rise.

And dumping is already done, what's next? Pumping!

Both stupid and smart people make mistakes. Stupid people act with aggression.

Price is already jumping towards 13k$ without any reason. Do you think if Chinese exchanges lift ban there will be chaos in the bitcoin market. "?  B'cause No one like their money locked without no reason for so long. Players in those exchanges might be thinking "Who knows what will happen next time. It's better to sell whatever we have or at least get it out from exchange and dump somewhere else." At least they would get some return for their bitcoins.

very interesting idea what you wrote. and very possible to happen like this, this situation that you describe is most likely to happen and if we consider the talks about hard fork it's easy to guess what will happen. do we have news when the exchanges will allow withdrawals etc?

Yes those big players might be very curious about what happens next but i don't think experienced folks will exchange all of the bitcoins and invest somewhere else because when the value of btc was $400 people thought maximum level it could go up will be $500 then it will come down crashing but bitcoin is still alive and kicking so i guess they will withdraw 50% and invest somewhere else an d have 50% in bitcoin itself.

thi might be happen in chinese exchanges because the traders need to wait too long before they can withdraw their money and maybe there is a dump for bitcoin price. every one in the market don't know what will happen tomorrow and i think they will save their money and get out from the market to make sure they are safe. but i think the the team behind bitcoin will not stay when they see the bad thing is happen with bitcoin and i am sure that they will prevent this and make sure bitcoin is works good.

Well, based on the way OP phrased the post, I'm not sure he understands how supply and demand will affect the price.

I understand your point as to why we should not buy now, I'm not buying until we hit a new low, but the only way for the currencies price to actually rise is for there to be a sudden boost of optimism in the currency community that will force people to start buying BTC in mass.

What you should be doing now is analyzing and predicting the price to buy. A price of about 1050 - 1100 is a good time to buy because we know that it will increase to an amount that we are at now.

But based on BTC trends, now would even be a good time to buy because I've projected, along with many others, the price of BTC surpassing 2000 at the next halving point in a few years.

Not likely with the numbers we have been seeing this month so far. ;D

I a couple days we are at 1000 EUR again.

at times like last week when things become too unclear and you come to a conclusion that price can go either way, it is best to stay on the sides instead of trying to make profit unless you just want to get in. in that case you just put some low bid orders and just leave and come back after the storm to see if they were filled or not.
history suggests if you try to sell/buy,... there is a high chance of losing money.

The last 2 days we have seen an uptrend on ETH and DASH if you check the exchanges is something i think you have not missed.
And we have price of the BTC down. I still believe that we are going to see Bitcoin price down more because of this bubbles created on the Alts.

Still buying here as long I have spare that I can afford to lose if case Bitcoin price dropped below $1,000 USD but looking at it now $1,224 USD compared to yesterday at same time which is $1,236 USD, price may have dropped $10 but pretty sure price will start to pick up again. We maybe seeing a $1,200 floor price in a couple of weeks to come.

There is no way of bitcoin going back to 3 digit number again but most of the buyers will be expecting it as far as the number game is catching up i think $1000 is the minimum it could crash down even if crashes.

please allow me to have different opinion on that. the game seems to be playing with the alts bubbles right now. We have an open "battle" i would say with BU and proposals etc...unclear environment for investors. also can be an opportunity but everyone makes their decisions. some coins that i had on exchange i sold the already as i see this will continue.
opinions are good to hear and of course are personal, i don't want to convince you for something but i think we will see 3 digit again before the uptrend.

That's right even if it drops it won't go below $1k and that will be the base price of bitcoins in coming months and if you believe in holding them for a long term then you can buy even at the current price as everyone is hoping to see the price of at least $1500 to $2k by the end of the year so if you buy now and sell at that time then it will give you huge profits on your investments.

People? do you believe what you post here?
i really start feel very strange with the things i read the last period... you keep all repeating that it won't go below $1k....
do you see the price or what?? the price has gone down the last 4 hours 60 euro! and if the next hours continues like this we go 3 digits

Bitcoin is a roller coaster ride and no one can predict what will exactly happen even in next hour either it will go higher or lower the only thing we can do is wait and watch and according to the situation take the decision either to buy or sell as price has gone down today and there is a full possibility that it will go even lower in next few days.

Well those with some technical analysis skill might have a clue of something to come  ;)

Price has again gone above $1200 so people who have bought few hours back would be really satisfied with their decision of buying at right time and even the present price is good to buy bitcoins if you gonna hold them for next couple of months as price will be much higher in next few months.

I think its not a problem to buy bitcoins right now since the price of bitcoin is low few hours ago and i think the price could be increase back because many people are waiting for price drop and this is a time to go buy again..
I saw the movement price of bitstamp and i think the price could be increase back soon..

I am not seeing any hard falling for bitcoin prices. Due to the rumours about hard fork, prices fluctuated a little today, but surely it is not the symptoms of starting point of downfall.

We have seen with an prices withstanding etf application denial hence bitcoin has all the requirement of investors to keep its prices stable and up surging in coming days. I am suggesting to keep buying.

Cryptocurrency market unlike forex market is waiting for news and rumors every day. Which led to significant price movements Bitcoin move only from headlines such as Chinese intervention against exchangers and a decision on ETF. Should we continue to buy continuously, I think bitcoin will be greatly affected if things happen as large as global economic collapse and war from central state.

ETF News yesterday only benefit if proposal approved. there are still some more proposals are still on the way.

I do not understand the intent of your thread is '' Let it bottom out first !!!! '' No one can explain where the direction of this question?

i see this too in poloniex and i think many traders will not let this thing is go without they buy some bitcoin in the market so they can make good profit in the other times. i also waiting for the price drop like others but i must be patience to this and it will not be happen in just one night and while i am waiting this, i can make trading with altcoin to make other profit.

someone needs to explain your question first!

but if you mean "what did he mean by let it bottom out first" i have to say the meaning of that is to wait until price reaches the "bottom" which is the minimum possible price.
and it is not possible to know what price that would be but when you want to buy you wait the first wave of drop and then get in, that is the least thing you can do.

Well, bitcoin proven your words were wrong as it stands still on 4 digits which consists at higher price than $1000.
I think we will see bitcoin stay at this point for a while, meanwhile devs and miners agreed to make a movement.
Fluctuations within $900-$1250 consider as normal for me, when block size issue resolved then we can moving towards $1300 and even $2000 in the end of this year

Price is going up and down like anything at a moment but that is normal in bitcoin so I think we should take advantage of fluctuation and buy as many as possible as price will go higher in the end of the year so selling at that time can give us some best profits.

It's not that the price sits far below the $1000 level where you can talk about missing out on a great buying opportunity. Right now is just an ok price to buy at, and nothing more. Serious people have done all their buying far below the $1000 level and are now just trading their way up. Using the volatility in your advantage to increase the number of coins that you have -- that's how it should be done.