Bitcoin Forum

Do you think we're going to see another dip to ~10k before the end of the year or do you think btc is now in recovery from the correction?

Like many people right now, I'm looking to buy btc at the lowest possible price because I believe a strong recovery is imminent.

There have been two flash dips to 10k in the last 24h, unfortunately I missed both. I've now set a buy order at 10k but btc now looks to be making a bit of a recovery so do you think this buy order is too optimistic?

I've noticed the lowest its dipped is basically exact the same point as where the crazy bull run started earlier this month so perhaps its in early stages of recovery now and I should just buy at current 14.6k?

need to wait for bitcoin prices to fall as low as possible in today's difficult. even in today bitcoin back up. you better keep monitoring on bitcoin price charts to see what bitcoin market price is.

Setting a limit order to buy at a specific price is a smart idea!

But don't get too hung up on the exact price. It's best to buy in at regular intervals...some will be higher and others will be lower but you'll be averaging that cost. We've seen at keast 12 major corrections this year. Each has been followed by a quick bounce of support and then the momentum building to set a new high.

We've seen the support biunce fir this correction; i'm not sure we'll see momentum buiod toward a new high because it's the end of the year.

There is nothing to panic when the price decline stay calm and chill .As i am waiting for the price to go down so that i can collect as much as coins possible and i am sure that i will not have to wait for longer period of time to get profit.

So are you saying a support bounce generally signifies the end of a btc correction?

I don't think this question of yours could be answered so easily because it is something we should watch and see and continuously be daily monitored because the fact that we couldn't know whether the people are going to buy or sell their bitcoin is something that solely depends upon the perception of oneself.

I dont trade much often nowadays since im busy with the holidays, even if there was another dip coming i doubt that people will be affected since its holidays.


You can be optimistic at some point but the buy order of 10k seems a little bit much, but just like i said the holiday season also affect the market were traders are enjoying their money on vacation and might come to trading next year.

the dips were more like down to $11k instead although it has been so different in different exchanges. and so far it seems like the dumping spree is over for now! it is impossible to say for sure though, but at any times there are only so many weak hands that you can flush out of the market before you run out and this past 2 months market was filled with them which caused this ~40% drop this time.
so far $14.5k is holding nicely :P

In this dip we have to take the advantage. Get more btc and alt and hodl. By experience i know this

Not necessarily. Sure, a support bounce has been a sign of a traceback in the past, but it doesn't mean that it will happen again and again.

Personally I think 10,000 is a good price to set it. But I would set it slightly higher juuuust to be sure. And yea, the dip might not be over. This is probably just a bulltrap.

I think this is the last DIP spree for now. I regret that I did not buy some of the promising altcoin as well as bitcoins in the market, I'd like to take advantage in buying crypto in this Christmas Season. But still keep monitoring their values, maybe it will dump again soon.

Thanks. I changed it to 12.7k. Hopefully the order will get filled in the next week or so.

Basically I'm just looking to buy Profit Trailer for 0.03btc before the end of the month as they're offering a free extra Binance licence until then. I'm not really fussed about making fiat profit off btc etc but rather I'd just like to avoid having to put more fiat into btc to make the purchase.

I suppose I could trade alts against btc but I can't really be bothered to do all that over the holidays. It'd be much easier if btc could just have another quick dip!

There could be more dips but the rate of reaching new lows will be a slow grind with high volume and not as painful as the drop from $20k to $11k.

It was my plan yesterday that I saw in the market the sudden collapse of the Bitcoin price. I'm really excited to buy Bitcoin at a cheaper price, but I thought yesterday that it seems like it's getting lower, so I did not buy it first. But now that I've seen that the bitcoin is gradually rising. I'm going to buy it right now, because it's may going back to the price of 19k or maybe even higher. I just regret it because I was supposed to buy that yesterday when the price was lower.

It can not be said unequivocally, but I think that as long as bitkoyn has already passed its lowest point of decline and will continue to increase in price. He has already begun to gain little by little, and this is a sign that there will not be a significant further fall. In addition, now its improvements will come in which, I'm sure, people will appreciate the argument positively, and bitkoyn will be able to begin his further growth. Therefore, it seems to me, now is a very good time to buy it.

I think bitcoin will still pull back a bit especially today and tomorrow. The order book is showing  that there are many people willing to sell below the $14,000 on most of the popular exchangers sites. I am surprised about dump yesterday and what comes to my mind was that there is a coins flipping but there was nothing like that. 90% of the coins also get dumped  yesterday and I believe that bitcoin has a great influenced on most of the coins as bitcoin Cash also fall below $3,000.

Yes, its always so hard to tell with btc but it does seem that the mania has settled a bit for now.

However, there seems to be a lot of speculation that the drop was related to people cashing out due to the Christmas period. If this is true then I also wonder if this will have an effect on btc price in January as people are often left with big credit card bills after Christmas and they might need to cash out to pay these...

Yeah it is over now, i am very sorry for those who sold almost all their coins below $11000, but they really deserved that. The only ones who are still holding are the patient holders, not the newbie ones.

rise and dip is normally when trading with bitcoin.

last dip with bitcoin was massive "last one was 2013" but it is back fast

Dip from  2013 haven't recovered that fast I see o graph that price was around 200$ for long time until it began to climb up back again. Dip that we saw recently was bigger one comparing to 2013 one because back then it fall like 1k in price but at last dip it went few hundreds of dollars down plus you have trading at bigger scale and it is easier to get in and out because because many trading exchanges support bitcoin trading today.

Trace the volume since mid-September and you will notice this is a bulltrap.

We are not fully corrected yet. And theres still this: https://blockchain.info/en/unconfirmed-transactions when this money arrives on the exchanges, expect another dip, before the new year.

I think the big dip for this year is over, it is now starting to recover and increasing again, but I think you can still buy some while the price is not yet back to its original price before the price fall down. Don't miss this opportunity to buy more to have huge income for the next year.

We have recovered from that dip, so yes, i think that it is over right now. Just be careful guys, do not invest when it is touching a new all time high, that is the only way to succeed in here.
And the ones who bought during the dip, are the smartest ones.

This is also hard to answer if we have bought the price at dips. Maybe the correction will end at $10k or $11k, always buy when the amount you can afford to invest. Because bitcoin is fast approaching the value.

I also missed the 2 dips of bitcoin, unfortunately, I don't have a way to automatically buy or sell BTC.
I think it's already in its recovery stage and will rise until 20k or so before it will plummet again. It will make a dip again but I don't think it will reach 10k when that happens. No more 10k dips for it unless a miracle will happen.  :D

That dip is over, now the sun is on the top right now, Just calm down guys, i have seen a lot of fud threads during the last few hours, but suddenly everybody is trying to buy more bitcoins right now.
All those who haven't bought before are now regreting of it.

There will be no new money on the exchanges on Monday and Tuesday -> less buying -> another dip possible

Yup it does seems so, things look like striked back in a positive note. Better is to see for few more days before confirming. The fall was surely strange and creepy and mostly frightening to the new investors. I believe the panic sellers came back and the big sharks and intelligent ones also took the opportunity and that might have brought to this positive situation atlast.

I have yet to find anything positive in the bitcoin to prove it is recovering. Although prices are rising but the price can will fall back in the next few days. $10,000 is the perfect number to buy it. Please keep your purchase order and wait

This could easily be the case new year is coming closer and people want to have nicet time with money they earned.

That used to be a common thing to expect a few years ago - always dips on long weekends. Now it is maybe a bit different - but still.

I'm pretty confident we've seen the low for this correction however we have to keep in mind that it could be a bull trap but I deem that scenario highly unlikely. Unless another attack is launched against the network it could allow for another dip but I doubt it will affect the price as bad a 's it did a couple of days ago. We should also keep in mind that it' s Christmas eve tomorrow so by now everyone who wanted to has already cashed out for Christmas.

I really want to believe that the massive price correction is over now, but it is not a good time to buy - at least not at this price.

No one knows what will happen with the price. I also don't buy the reason that "people are taking a break for Christmas" as the reason the price is relatively low.

We will just have to wait and see.

Yeah prices are again at near to 16k and this shows that dip time is over now and investors are happy again because this dip bring unpleasant atmosphere to the investor moods and now everyone is satisfied that prices are now again rising and they will never fall again because this time prices will stop only at the new record level that maybe 25k or 30k so stay hopeful and hold your coins because huge ocean of profit is coming,

Probably yes, the price has already went down for more than three times during this week, it really needs to go up for a while. I would even be happy if it reaches $16k at least.

Yes, I this is the worst market correction we have seen in this 2017. And we are not hoping to see another one anytime soon.