Bitcoin Forum

Woke up this morning to the craziest dip in a while. Was high time a correction like this happened. Aug 1 might be a blessing in disguise, getting all of this speculation money out of BTC and bringing it to a value that is in line with the technology. I'm predicting we drop below $1900 in the next few hours. Who knows how low it will go before Aug 1!!

Being over $2000 is not normal for bitcoin. People surprised by this have short memories.

People get used to the short term haha

The smart people will be buying now and continue to hodl as everyone is dumping while the weakhands will be leaving the crypto scene so It's a win in all cases for the real bitcoiners (on the long term).

Fair point. I've been following Bitcoin since 2013, but I can't help but get excited about cheap prices. It's like your favourite store having its annual sale.  :D

Craziest dip? No it isn't there's more to come. And it can possibly going to take any longer but there's one thing that I'm sure of. Bitcoin will rise and it will be skyrocketing after this dip. Look on how big the price fell for sure there is going to be another blast once everything is activated and good to go now. Ride now the hype of buying at low price.

Yep! Keep it! Till it reaches the ground! ;D

It wouldn't surprise me if it went down till like 1k$ and even lower. Panic sellers are doing their game now, just wait and watch. I am still highly positive for the long run we might even see the SegWit2x to get activated, what will happen then? Price will just go up. But as with everything in life people who bought for higher price want to get out since they lost hope but at end what matters is the long run. You can't expect the price to flip over night when there is uncertainty about the bitcoin and when some exchanges won't allow deposits and withdraws for bitcoin after 1st of August. We could except this to happen to be honest.

We have 14 days to wait while 50-100USD down per day.

Meet you at 700USD!

Nah. I think there is a support at about $1700, and then also at $1500. Don't think it will get lower than that.

So true. Last year in early Spring I was so fed up with bitcoin I left the forum for a couple months and didn't even look at the charts. I remember telling myself that I won't even touch it below $1000 and I'll be happy with anything above that level. I honestly didn't even notice as we passed through $2000 it was that fast.  ;D

Already secured some bitcoins and its ready for long term , im a believer i know bitcoin will go back again to its highest price  someday ,not this year but maybe next 2 yeara.

I want to be a smart one but I am not having enough funds at the same time I not selling my coins too. I wonder there will be anyone will be leaving off cryptos completely due to this kind of dumps. If they look into history of bitcoin prices then they may get second thoughts as how prices manged from the dump of $1200 to $180 and then to $3000 levels.

I guess there will be hard days in coming weeks till aug 1st. Most probably I too may arrange few funds to buy some bitcoins with these lower levels to enjoy some quick profits in 15 days !

I would say its basic human nature. When you like something and that something  goes the other way of people's wants they tend to freak out. A lot of this is to experienced by us in the near future, for people react like very childish and make unwanted decisions which would cause them consequences later on.

Well at the moment, bitcoin is facing a significant market correction and its something that occurs in the market when there is an upward movement in the price. The downward movement of the price is expected and all I could say is, its just reaching a sustainable price level after a period of too-rapid growth. At the same time the ICO hype regarding ethereum along with the tension on the activation of segwitx2 are some major reasons why the crash is occurring.

As the price doesn't stop dropping I think it's better to wait a bit more to buy Bitcoins, so we can enjoy maximum profit as possible.  ;D

Thinking on long term profit we can buy anytime, but if we can increase our earnings at least on medium term, it's better to wait a bit more. Just don't forget to check CoinMarketcap often.

Buying can be done at any time, but the main point is that you should buy in smaller increments. If you time it right, you can buy all the way down.

The price never goes down in a straight line. It goes down, then gets bought up by those that were waiting to start buying, which repeats itself all the way till where the eventual bottom is.

This will allow people to increase their coin holdings while the price is heading down. I managed to gain almost 7% today by doing so. Right now it's waiting for another dive below $1900.

I am expecting price to touch the weekly MA 20 then remain flat for several months in a trading range. Pros will be looking to buy cheap coins at the MA 20 ($1770).

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/bbands1.png

Nice profit, but I think it's very risky for me to buy little amounts and manage it to make progressive profit every day with the small fluctuations. I prefer to buy at once and wait a big increasement in price to sell. I'm following the chart hoping to catch the right moment when the price will start increasing again without falls like now.

Just 2 months ago the current price was called high. Crypto always goes up and down like crazy, going up people panic-buy, going down people panic-sell. And after doing that for a while, people start just holding.

I'm waiting for the last week of july to buy bitcoins, I've never been able to in the past and this is like a blessing, hoping to see the price drop some more.

Well yeah who knows what will be the price of bitcoin before the 1st august but this is now the time to realize that the bitcoin once again is in a difficult situation, those who speculated the market have already achieved their goals when the price dropped from $3000. This is now a crash time and effecting people who have gathered the bitcoin from services or from any other means.

I'm also waiting and seeing a lower price of bitcoin. But I guess $1,880 is the newest dip for this month. If anything is stable at that price the whales are good with it. But I wanted to see some more good price up until reaching another ATH before this year ends. For sure this is going to be surpass and we will see it again pumping.

If everyone here is a dumper and only talks about losses and selling then who the fu*k is buying these coins? are you guys trolling us with your bullsh*t or you are as confused as I am?
I haven't seen a member talking about any buying story.

You say that buying in smaller increments is risky, but if you go all in at once, you risk seeing the price move in the opposite direction, and thus you're not able to open or close positions after that.

In my example, if the price goes up, you'll have some coins in your pocket to cash out. If the price goes down, you'll have some fiat that you can use to start buying at lower prices.

You're aiming more at luck than something that involves thought and a decent level of market analysis. I personally find your approach far too risky, but after all, it's your choice.

I don’t agree that people who are smart enough will buy bitcoin now.
I think smart people like me will be still waiting for the bitcoin price to go below more and then buy it. I think the price will keep on getting low till the end of this month, it will be the perfect time to buy bitcoin again.

Don’t have any sort of guarantee to say that bitcoin cheapest availability price will be $1500. I am not expecting it to step down to this much cheap value which was almost some four or five month ago. There is no limit for the price to the lower end so I am not making any move which could affect me and my holdings anymore.

Actually people want to be on a safe side in this time of panic therefore go through a process of continuous loss with a mental stress and can’t bear it any more so they freak and selling the holdings is actually they want a way out of the whole situation.
Lemme remind one thing to all “the more the risk the more will be profit”. ;)

I beg to disagree. Traders who have been in the business long will buy more bitcoin back at this lower price. And now after the buying, the price of bitcoin surges ahead to $2300 so it you are able to buy at the price of ~1900$, its easy profit now with the current price. I'm sure some will sell their coins again before the Aug 1 date to take home profits. That's how it works. You don't need to wait for the price to really plummet if your intention is to profit quickly.

Well the price of bitcoin did fall super low recently and I am pretty the reason for that to to happen was because off all the pre segwit FUD and how everyone thought that segwit would kill bitcoin even thought it didn't. After bitcoin fell and recovered, as it recovered surveys revealed that the support for segwit had risen and that has to mean something.

Based on what i read and saw , the prices of the bitcoins just drop recently and it's because of the segwit issues. And well, in this matter some people usually suffer from panic selling as they keep on thinking of their  "What If's" which is not bad and at the same time not so good. And I'm pretty sure that there are some who will sell their coins and some who'll grab the opportunity to buy the bitcoins w/ its lowest value. But then, who knows what will happen tomorrow right?

The price of Bitcoin might drop even lower that $1500 in some few days from now, but after the segwit, the price will also come back to its normal price and even higher.