Bitcoin Forum

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.

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.

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

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.

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 :D

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.

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.

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.

The price of Bitcoin touched 20000 dollar about an hour ago in coinmarketcap. Then it fell to 19000 dollar. But seems that there is no correction as it is rising again. The current price is 19400 dollar. I think, the price will pass 20000 dollar this time at the second attempt. 

Nice analysis and I have to say this is what has happened when we get to $10,000 there was a lot of interest and bitcoin pull back a little and I expect the same thing to happen now as it seen bitcoin has to come down close to $17,000 before the next serious push. I expect price to make a correction at this level and it might remains under $20,000 for the remaining of this year. I also expect that from next year bitcoin will completely trading above $20,000 therefore buying this dip and hold may be the best trading decision you have made in 2017.

Yes you're right, it's time for us to buy at the dip at this point. And as usual, it's good to take profit from. After this dip, bitcoin will go moon because of these forks that will happen.

Hahaha and where is the dip? Stop trying to create fud in here, the cme futures are going to be released in a few hours from now, and i have been watching the prices and there haven't been any big red candle in there.

Stop making fud, there have been a lot of threads like this on the past, and they all are the same.

People would not sell all their bitcoins because a random guy is telling us to "sell our btc's" if we do not want to lose money from this.

And yes, of course that if there is a dip i will buy more.

Im sure that something serious should happen to make BTC go under 7k. For this moment I can only imagine it only if the ICO bubble blow up (then it may even go back to 1.8k why not?). Otherwise we can hardly get back under 11k, especially for a long time.

that's not true. the last couple years have been a somewhat typical bull market, the tail end of which has built a parabolic rally. many markets go parabolic, including stocks/equities and commodities. just pull out a monthly chart of gold or oil and you similar market structures. moves in bitcoin/crypto may happen faster, but that's about it.


money still seems to be flowing in too fast for a real crash yet. all the exchanges are like, "please bear with us! 100k new customers a day!" i'm hoping for a deep correction to buy, but i imagine we could keep rallying through january.

"classic bitcoin dip"

Like the dorps of 2011, april 2013, and 2014?

Look again, the big red candle is here. CME has triggered newbies into selling and whales playing along to make it look legit. They will create a nice dip and the smart money will pick all the cheap Bitcoin once the CME idiocy is realized by the market since future contracts are irrelevant in an asset like Bitcoin.

Once the global market goes through this phase we will hit an all time high, quite possibly before 2018 arrives, so read the thread title and stick to it.

30 minutes ago the price decreased by 5% (it was 'wild' watching it live) and went down to 18200 on GDAX, now it's going back up to 19k. But It was very predictable, same thing happened a week ago when Cboe bitcoin future went live.

But, like OP says, this is the time to buy, I would wait to see if it dips a lot more but 18k or 19k is gonna sound really cheap in like a week or two tops. Once we break the 20k mark, there's no going back.

Huh...
I thought the silk road was closed!?
do you not realize what thread you're in? I'm too lazy to look closer, but I think OP said the complete opposite of what you are saying they said.

For sure, people are worried about bitcoin not being able to break $20k but that's just absurd. Pretty sure that we actually broke it already on some exchanges that historically have traded bitcoin at a premium anyways, not a big deal for me.

This retracement is not logical or rational, basically everyone knows that BTC is going to continue to go up from here to at least $25000+

Time to buy the dip, yet again. I mean i don't mind, give me the opportunity to buy the dip like rigth now and i'll take it anyday. Pretty much easy $1k on your bitcoin straightaway, within a week the same people that dumped right now will be buying their asses off.

I think this is the time for the correction price for bitcoin because after reach the highest price, bitcoin is always making the correction before it is rise again. I see red candle on every exchange and I wonder until how much the price will go down but I still have faith after this moment, bitcoin will increase higher than before. and now, the price down to $18,020 and the candle is still in red sign.

Same sort of thing with with bitcoin when it was about to hit $10k. People got worried on the first attempt seeing that it didnt' go past $10k probably as a result of either market manipulation with people shorting bitcoin en masse or just profit takers who don't believe in bitcoin climbing much higher.

Exact same scenario. Look at the charts and compare. And what happened with bitcoin after it hit $10k on the second attempt? $10k -> $13k back to $11k and then to $17k and now we are close to $20k.

Same situation here. We could be staring at price close to $30k after $20k is broken the second or even third time around.

The dip is most likely going to happen on new year's Eve or maybe a couple of days earlier. Until then there's firm and strong support. The support is backed by thousands with millions of dollars in their hands. But again buying during the dip would be profitable because it's bitcoin and no one would like to let down a wonderful opportunity.

This is totally crazy, it is not even a dip, I was hoping for at least 16k, but it barely touched 18k and again going up.  :-\

It’s 18700$ per bitcoin and I don’t consider this on dip.. It basically means to me that dip is always be a decrease but with a -3000$,, at this price 15000$-16000$ is what the best time to invest.. But if you have the right strategy and money to buy at this high price then that’s a better choice because basically everyday is still a good day to invest as it is still continuously increasing..

It went down and it touched less than $18,1k but i do not think that it will go down more than that.

In fact the price is already on $19k right now, so maybe that theory of buying in a new dip is over right now.
Stoy making false speculations because a lot of newbies are probably thinking that there is going to be a dip or maybe a crash, you a re just creating fud in here.

OP is telling people to buy when the price is going down. How is that FUD??
It dipped almost 10% in absolute terms. I would call that a dip. Not that OP said anything about selling, but if you sold 10BTC near the top, you would have an extra Bitcoin at the bottom. I wouldn't bitch about an 18k profit, plus it's up almost $1000 right now. How is that FUD? You nutters throw that phrase around too much. Just stop already

Most people believe that the bitcoin price has a lot more potential than the price that it is now, so it would most likely still go up even with the dip that we experienced. The interest is still there for most bitcoin hodlers despite the numerous FUDs and increased hype over bitcoin. It's simply a correction since the price has been going up for quite some time already at such a high rate. Also, this price drop is a great opportunity for the others to buy again with the expectation for a price rise right after.

Called it, let it dip and buy it. Bitcoin Cash attack and the natural correction are creating a good opportunity to buy at a discount. Keep buying even if we go to $12,000. Bitcoin will not wait for you when it starts going up again. Beware of the massive amount of FUD in the field. Everything is going according to plan. BCH is done, Lightning Network is coming, all websites in the world will use it, Steam will be back with Bitcoin, buy the dip, last time to buy cheap coins.