Bitcoin Forum

i am back again with another buy the dip :)
this time i am a little late myself.

as the news about China heats up the panic of the weak hands is also heating up. if we see another news from China and another dip it would be a great chance ot start buying some coins in case you msised out or in case you want a bigger profit from these weak hands.

in any case brace yourself and get the cash ready to buy at the bottoms of the dips. and enjoy  :-*

I wanna buy cheap bitcoins ,but i don`t have the money to do it. :(
Anyway,the news from China are evidence about how fragile the bitcoin community is and how it can be easily
manipulated.Other countries might want to follow China and regulate cryptocurrency exchange platforms and ICOs.The crypto market became too big and the governments want a piece of the pie.

They're not cheap enough yet in my opinion. I think there will be more and bigger dips coming so there should be more opportunities to buy lower. I would look for a price of $3000 to buy but you never know if it will drop that low again. I think a correction will happen and the newbies will start jumping out and the price will consolidate at some lower point. But that point will be a solid bottom as the weakest investors are out of the picture.

Yeah, good to see that you are back making another reminder to buy in this dip. I remember your *first* thread about bitcoin in this kind of dip. I think its when the price goes to $1900 and still people are not getting it and waiting for the price to dip at $1500 then suddenly in 24 hours the price goes up to $2900. This is prior to Aug 1 split. So making another thread so that investor specially newbies will see your message here.  ;D

Yes exactly am also thinking same and gathering some money to buy some cryptocurrency not only bitcoin hopefully by the end of this month I will get some good profit.

I think that there will be no big dip in bitcoin price as earlier.We could see that if such incidents had occurred earlier in china,it would have caused a huge crash in bitcoin price.But this time,we could see that there is a huge buy wall which is resisting the fall of bitcoin price further and the reason is that bitcoin has now investors all over the world and bitcoin market is no more in need of china's circumstances.I think that it would be better to buy now itself instead of waiting for more dips.Otherwise,you would have to once again miss the train,this time the high speed bullet train as bitcoin price would go high in rocket speed.

Yes it is the right time to buys some bitcoin I am also thinking to buy but not having enough fund even I am having idea to buy some other altcoin using bitcoin saving.

about 2 days of non-stop FUD and market manipulation and panic sells and lots of weak hands and price went down 8.45% and it has already recovered about $200 of the dip back up.
and you call this "fragile"?!!

Somebody posted on this forum earlier that every weekend there is a dip, same for this weekend. Yesterday there was a drop but not that massive.
Today everything is quite stable and I expect the price will rise again on monday

It will be like how it goes when split and segwit FUD happens, I don't think there's a need for everyone to panic. The fact that it seems stable on its range not lowering too much then it's fine ,it still have chance to increase again.

you should always take advantage of every opportunity in bitcoin but also you should hurry to take advantage of them not a moment later. these days we are in the dip but still there are news coming our way. the bad part of this is that the news can go either way, it can become more vague and lead to bigger FUD or it can be a clear thing to clear the FUD up and price goes back up.

i say if you have bought at $4100 last day, then you have bought in the dip. from now on keep your eyes open to see what the next news will be and based on that you can see if there is more dip or there is a big rise coming.

Yes.  It's obviously fragile considering that the news has nothing to do with Bitcoin and the price still dropped by several times more than traditional financial markets ever do (except for occasional days which only happen every several years).

It also shows the influence which governments could easily have on the BTC's price, and due to people's excessive speculation, their opinion of BTC afterwards.  If a government were to actually enact a real ban on cryptocurrencies, even though it would not fully work, this shows that it could easily crush public perceptions about cryptocurrency.

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At this point, I'm not convinced by a "dip" unless it goes significantly lower.

I call it a normal trend, dips and ups is just a normal behavior of bitcoin, and also be true to panicking people, manipulation? I think not, it just happen that china's stand firm on banning ICO to protect their people, FUDs are there no matter what we do, they are a part of this what you called Dips, and Also here we are buying on Dips, and we are part of the Ups ones. Have to wait another dips and fund that's a life that I should. Happy trading everyone .. cheers

I think those FUD news mainly attack the newcomers in the bitcoin world.
When you are longer involved here, you get used to that kind of rumor.
In the last six months, I think we had nothing of that kind. And in the same time the price grew a lot.
That means there are many new people here who do not know this game yet and fall for it.

I agree with you this is the right time in buying coins. And oh don't forget about NEO it will pump these days. And I think that these Chinese ban thing is just a drama :/ Just for them to buy more bitcoins at low price.

Agree, at this price level one can start accumulating Bitcoins for the long term. However, I would still recommend anyone who is willing to invest should split his purchase orders and buy Bitcoins during specific intervals of time.

I have a friend who sold almost 50% of his holdings when Bitcoin was floating around $5K and now he is going to start investing again at this level but he said, he will buy 10% each week rather than buying in a bulk quantity. Cost averaging technique would help the investor to take benefit of the price volatility and at this stage, I see a good opportunity. However, this is my personal opinion and might be completely wrong, one should do his own research before taking any investment decision.

You always need to catch those cheap bitcoins. For this you need to reserve some free capital which you won't use unless there is a really cheap buying opportunity. I'm doing this all the time to cath them.

Exactly what i'm thinking. I'm gathering some cash to buy what i can buy. Many altcoins dropped seriously, many opportunities to buy.

Yes good time to buy Bitcoins. But I think up to 4,000 $ will be dropped by bitcoins. So buy now and enjoy a good return when it's up 4,900 $ or maybe $ 5,000 more. let's not waste the chance because it's only once and the bitcoins are still increasing so every collapse is a chance for us to buy. Because it may not repeat itself and keep the bitcoins up to $ 10,000 and up. The end of the year is especially near where the bitcoins from december to january are largely on the rise

People need to take advantage of this price dips and buy bitcoins while the price is still low. I think it is just China's tactic to buy cheap then sell high so that they can get profit as soon as the price goes up again which will be surely inevitable.

it is true that the panic has occurred due to the Chinese government policy. but if you believe bitcoin will get strong again then it's time to buy bitcoin or altcoin which is currently weakening.

Haven't had that much cash since it happened twice, with only 2 days interval. :/ Kinda kicking myself since I missed another golden opportunity on buying some coins. The rumors about China really hits the markets hard, and if these are just made-up by a certain group, they sure made it a good one that caused a good shakeout of weak hands. It's happening more often that I'm not even surprised if there would be a new rumor within the next 3 days.

It is a great opportunity to buy when the price in dips.
But I think it happened too fast, there's not enough time to prepare our money, lol.
Another day, another dip, without money ::)

i believe there will be more dip before november, maybe from china again or from november for issue, i have prepare my self to that and get my money ready. get ready guys ;D

The dips haven't really been pronounced when looking at BTC values, actually, since it's really Bitcoin's price that's moving alt prices (being tied to BTC value). Without fresh capital to get into buying mode, the only real way to take advantage of these dips are to trade in Tether. So I've been mainly a bystander over the last few months (or since July anyway), or trying to request payments for my work during the dips (doesn't really work though).

Now considering if I should invest in Tether simply for this purpose. Stayed away from that option for too long, perhaps?

Any opinion about NEO? Will it fall more? What do you think?

I still can't figure out whether this China news is as fake as the DVDs and silver coins they pump out onto the world market, or if it would even be news anyway.  Seems like it did affect the price, though. 

I don't think this is cheap enough, either.  But we'll see.  There's nothing in this market that's predictable--ever.  Glad I bought some junk silver.  I don't regret that.

If you know Bitcoin history and a strong believer of Bitcoin, you can make a lot of profit over and over again with this fake and false news because in the end Bitcoin price is heading to the moon as history tells us so many times.

As I can see , bitcoin current value quite stable ( 5%-10% change for this week ) people may have advantage to make profit especially active trader
People still stand still and not panic so the value didn't decrease significantly

Yes, bitcoin keep falling and move with itself other currencies. For somebody it is going to be a really good opportunity to buy bitcoin or some other altcoin. But I am not that kind of trader who are buing little amounts of bitcoin at such prices. I prefer all ( at least 0.1 BTC) or nothing. I chose the strategy of conservation, I am just put on the side some percent of my weekly earnings. I have saved not so bad money already and I am going to continue till bitcoin will not hit 10K$ point, then I will sell the minimum as 50% of this savings and other will stay just to see what will happen  ;D

There is always a dip before the value surges once again, i remember the last great dip one weekend which drove the value way below the $3000 and most people panicked and sold, i bet they really regretted it when the value recovered on Monday, The price is never high to buy when it comes to bitcoins.

i think we mostly expect such ups and down from bitcoin price i am hopeful that bitcoin price will again get acceleration and the good option is to  buy bitcoin in the present price because it is the best time to buy bitcoin as bitcoin price is not going to stay here for a long time but will start increasing very soon. therefore i think we need to get good position before bitcoin start increasing.

it is good to be cautious now. it is the weekend and we may see the news by the end of it for another FUD wave and panic sells in order to test the resistances once more and then try for the rise once again. it will be a pretty interesting month ahead of us though.


why is it that so many people are talking about NEO these days?
I have to admit this coin has been pretty interesting with more interesting swings. I dare say they are wild swings. I rode 2 of them recently for a nice amount of profit.

for its future I think for now the wild swings are going to continue until people become more cautious first before the direction becomes clear.

I would like to but I don't have enough money for this. Also, the bitcoins I already converted was from when bitcoin was a bit cheaper so I'd lose money if I use that to buy. I could have sold some the moment it dipped but that is hard to do, especially with the large spread in our local exchange. I bet whales with some connection with the Chinese government are gonna be richer again after this.

yeah, this is usually one of my problems too. when a big dip happens, sometimes i don't have money to buy in. but so far i have borrowed money a couple of times to buy bitcoin in the dip. not that i suggest doing it but that is an option. and so far i have been successful and even if i wasn't, the amount that i chose to borrow was managable enough to cover in case i lost some amount like 5%.

the thing you need to remember is that when you buy in the dip there is no more room for big losses. the drop has already happend inside a dip so there is only up left to go.
the trick is finding the bottom and buying near it.

for now i suggest waiting for some new news then making decisions. the last dip is over and we need to see what happens now.

Exactly, This should be an opportunity to those who are waiting the dip to buy more coin. Meanwhile, those who don't believe it, will do the panic sell. Others also say that it is a discount time for all coin, get ready for a good entry point and buy before it jumps again.

I'm also hoping the same thing. I've prepare my cash to get another great entry point to buy. Probably it could be gradually down to $3k. And there is a fork issue in november, thougt it would be another dip for bitcoin. I still not buy again, because I also think it could be more cheap. Let's see if we were wrong.

Haha, if only I can have someone to borrow money from. None of my relatives having anything to lend me. I don't think buying and selling bitcoin would be profitable for us outside the US. How high are the spead there? With the exchange I'm using the difference between the buy and sell price is almost always $200, which kinda make it hard to time things right.

A very nice move. Though a bit late, the thing that matter is that you cashed in in the dip and did not ignore the price correction. I have always want to do this but unfortunately, I do not have some money to spare. I do not have a job at the moment so I cannot do some cashing in in the mean while. Nonetheless, I will do that. I just hope that when I have some money to spare, Bitcoin crash accordingly ;D ::)

You might want to refrain from buying the dip, since we have had 3 tries to break above 4350 and they all failed.

The dip caused by China was a good news to some people like us who constantly wants to get in at a lower price. However, it is unfortunate that I cannot cash in at the moment due to the lack of funds. I think this drop is just the beginning and some drops might happen in the near future. I just hope that I can get board on time so that I can witness the hype with a smile :D

May I know what time frame you are talking about? It's yesterday that we have seen the market break through the $4350 level the last time. Other than that, if I read through your post, I too have the impression that this market will not keep its position at current levels for too long. I am quite sure that we'll see every USD exchange dip below the $4000 level before the end of next week. This market needs to unload a whole lot of sub $2000 buyers, and this will definitely take some time. Even if the market remains stagnant for a while it will probably work out well to do so - most people are here just for the action, and if the price doesn't seem to be moving much in a few week's time frame, these people will likely start dumping out of boredom.

2hr timeframe on bitfinex, from yesterday to today we had 3 touches that failed to break upwards of 4350.

The dips have not been so low to encourage me to buy yet... Have a buy order but it is lower than the actual price. Should go to the 4000$ or so to trigger it.

It really a little dip in the market value of bitcoin to as low as $4,105, as the time I check the market value of bitcoin today. Although I don't have the plan to buy bitcoin at the moment but I believe anything below $4,300 is a good entry point to buy.

I've buy, get a little profit and still waiting for another Bull run. Current market still fluctuate and stuck at $4400 as the highest point, but it still consider a good price to buy and sell. I'm not sure if Chinese news could affect global market significantly, maybe people just cautious if some whales sell-off and the price fall again. Bitcoin price in China is cheaper than global exchanges, if somehow we could purchase bitcoin in there, it would be big profit, but it's not easy to deposit  ;D

I think you should buy it now because after the big whales are playing we can't be sure if we still can afford to buy.
This is all part of the show of China so better stood up brother. China wants to buy dump btc and make a centralized exchange that they can be control. China is always ahead of us.

For those that are very good at trading, making money this way may seem like a routine to you but it is a great way to make some additional bitcoin with almost no risk, weak hands get scared by almost anything and when they see China involved they panic, enjoy your easy profits.

I think that the price right now is probably still in the buy zone.

If you have funds and is interested in maknig a short term profit then buying right now would be a great idea. As FUD from China clears up i would expect bitcoin prices to soar to at least $5000 before a correction.

Though just be careful as we are in a bubble, and holding even for a few weeks can be risky. But i don't think that this risk is a bad risk to take at this point in time.

It may happen but I think you are too early I think that may happen in October when we have clearer news if there is going to be a fork or not, if the news still say that a fork may happen then people are going to get nervous and you are going to see the price going down.

I agree with the point that the Bitcoin and cryptocurrency market can easily be manipulated even by just rumors and unconfirmed news. Maybe after this debacle the whole of the Bitcoin community should be learning many lessons on here so that next time around we can be stronger and much better. We should not be allowing the news from China to totally affect Bitcoin and maybe even kill our dreams and aspirations for cryptocurrency. It is time that we stand united here and make the real voice of the whole Bitcoin community be heard.

$4000 has already happened a couple of times and today price went even lower and as i am writing this the price has recovered back to above $4000, you see you don't have to wait. the news will come out and price will fluctuate every day.
if you want to buy then buy in the dips instead of waiting for some possible news that may or may not come in the future. and for all we know the price can be affected long before the actual news comes and when it is here the price will be in the recovery.

btc value were really aggressive now in graph, it's hatd to predicy what will be its lowest point that we will be able to see the price as well when it will rise so better make decisions when you already have some amount to buy btc.

that is true, make your own decision and prepare your cash as much as possible now. as the drop happening you should take it as an advantage to buy it slowly step by step as time goes by it will go up for sure , buy it now while cheap or get a regret later.

i have made a choice and keep buying while i looking for the price recovered .

i think if you want to buy, you need to watch the trend first, is it going to go down for more or its shows the trend up then you can decide to buy. if you don't analyze the trends, then you can buy when the price is in high price but if you still have balance then you can be ready to buy again later. i think fork maybe happen and we only hope that the price is not going down too deep.

Well, in recent days there seems to be a recurring trend. Some News comes out that suggests bitcoin is going to go downhill from now, everyone dumps their coins, then whales seem to take advantage of the dip and buy into it, pumping the bitcoin price up.

Floor seems to be $4000-ish(on western exchanges) and the ceiling at around $4500. You can definitely make a lot just by buying the dips and selling at the highs.

Right now, price is barely above $4000. Great buying opportunity if you ask me.

You are not too late yourself OP, because the dump is not really finished yet. I believe that all of those who bought at sub 2000$ might want to unload their bitcoins now specially that there are FUD going around about China banning bitcoin so you will have a lot more of opportunities to buy cheaper bitcoins, way cheaper than the current price. You can also buy now as it is still not too late, bitcoin still not in the upward trend yet.