Bitcoin Forum

we are experiencing another beautiful dip because of some new FUD on the media and some weak hands panic selling their coins again.

so far the bottom has been tested at least twice in a major dip and another time in another small dip.

there is a pretty good chance that this time if we get over this dip, it will be the last dip that we are going to see this month.

#bullish

I have a feeling this is going to be the first of many dips to come. We have only recently seen some traders from Wall Street,

investing serious money into Bitcoin and when large amounts of institutional capital are invested, things tend to happen

quickly. They have enough Fiat to cause some serious volatility, in such a small market. I am not OK with the Dips, but the

Spikes are excellent.  ;D

i still don't understand why people thing groups like Wall street traders and the rest came in recently!
who is to say that they have not been involved with bitcoin heavily from the early days. something like from 2013 when price first went to $1200 or even from much earlier when the first 3 huge bitcoin bubbles took place which nobody even knows about?

i say they have been with us all along, we are the "newcomers" no they...

 ;D Isn't it funny how the same guys from the wall street, Jamie and co, who have been spreading FUD and said a lot of bull shit through out last year about bitcoin are the same guys coming to the media, saying how much they regret calling bitcoin or cryptocurrency a fraud? It is just unbelievable how they were able to deceive a lot of noobs and used them to make money by making use of the market uncertainty.
It is their game, they have always known how to play it and they really played it well and good for those who panicked and ended up dashing the same banks who have been stealing from them their funds. You are right, there is no doubt that these guys have been involved, and I am sure they have been using their positions to their benefit. For me, the dip like the OP said, is always sure.

yeah! top crypto in the market are turning red recently and go so dip. I have a feeling that there will be another dip coming soon. This is just the beginning of dip. Bounce back will happen by mid 2018. There are still more time to buy bitcoin and make profit in the future!

The dip is nice and all coins are following with it.

I saw it drop it all the way down to $12900 briefly and thought I would be waking up to $11000 easily.
But it rose back to above $14000 again so something is holding up the price.
With all the talk of banning Bitthumb in Korea and all those Chinese miners needing to find another field of work.

True, they seem to be ramping up on maligning the cryptocurrency industry. That some countries seem to be regressing on their support isn't helping. Just found out South Korea has implemented a ban. Though in their case, they are worried that the money is being funneled up north.

I am also waiting until the deepest dip of bitocin's market value has reached so i can buy some at very low price. I believe things will get to normal again anytime soon and that will be the start for bitcoin's price hike that will even surpass its highest market value ever recorded last year.

Its normal to have correction when so much marketcap value are being poured into the market which peaked almost 800 billions, crash is definitely i would say an expected process, a really common stuff in crypto-world, i'm not professional trader but just within these years hold seems to always be the solution regardless, dips are only happening when you have reserves useful so such scenario now.

Strategically played in my opinion, first he spread FUD to crash price now he is saying something completely different to raise price.
I am sure all of them invested money in bitcoins and are just playing with noobs who blindly follow every their word.
"Yeah, they are big players, they are very rich people, they are bankers, wall street is their home - they know everything"  ::)
I've been hodling for some time and I am just watching how price is moving up and down on every single word which come from "big players" mouth. I bet if Warren Buffet would say that everyone should invest because price will go to million dollars, I bet we would see big pump in no time.

I love buying "on the dip" so should I buy something that has gone up 10,000% already
or maybe something that has only gone up 1,000% and costs a single digit sum instead
of a five digit sum and has a transaction fee of almost zero.

Decisions, decisions or am I in the wrong church again and the vicar is going to kick me out again !

Maybe we should talk about transaction speed or development times and what about scale-ability
or the number of transactions being carried out today on these networks or about that other little
subject that is often over looked and is called "trust" ?

Could be that our religious sacrifice of 20,000 miners wasting CPU power doing computer wars is not pleasing
our God and we need to start human sacrifice and forget about global warming doing the job in the longer term.

So boys what are we buying "on the dip" because I am all ears  ;D

 

 

But unless I want to keep taking money out of my own pocket which I don't then I need to sell BTC so that I can buy back in
at a cheaper price so i would take you up on this devious plan of your  ;D to short Bitcoin but the trouble is that I
took most my profit out already and was I too make 30% after sending the dust I have left to an exchange to trade
then the two transaction costs needed to play "Day Trader" would eat up all my winnings.

Nope I think my stop loss at $10,000 on Bitcoin price suites me better

Cars are no good if the road is broken !

I'm quite bulish also, and I think that the turnover will happen somewhere during this month. We already had a large correction from the all time highs, and the price is already touching the 50-Day Simple Moving average, and if we look at the charts, bitcoin got a good bull run every time this had happened, so we might see it again. I think this is an excellent time to buy into bitcoin with a nice discount.

Although I'm referring to "chart analysis"  I'm not talking in a trading point of view. I believe in bitcoin potencial, and the only big problem right now is scalability and user interface. The lightning network is more close then ever, and user interface will eventually get improved as bitcoin gets more popular, so things are still looking good for BTC. So yes, buying the dip is probably a good plan, and using chart information, we are probably at the very bottom now.

Yes, this is a regular trend. Just hodl and buy more.

I do agree. This fall might come to an end anytime and another pump will come.
Better buy now and hodl it for a while. It is just playing with the same price and it could be the clue that tells us we should buy now.
I am still holding and preventing myself to panic. I know it will happen sooner or later.

I think this is an admirable beauty of bitcoin. We always have a few days every year when the whole market is at its rock bottom. It gives a great opportunity to people to invest in popular alts. I made  a great profit from Tron in this last bearish trend before the market began to be bullish.

I think we are from having the last dip. There should be continuous exaggerated panic selling going on and thats what causing this dip. The more down it goes the more aggravated chain reaction of panic sell will start. Lets hope that nothing like that comes up front by the end of this month.

Yes, I agree that this dip is very healthy for those who wants to buy bitcoin at the start of this year and want to gain huge money out of it. Just the same way it happened with start of 2017 year, the only difference then and now is big prices. Rest of the patterns are pretty similar and could reused to make investment plan. So yeah some goodness is there in the current dip!

I wanted it to drop more :-[ (so I could buy more lol)  ::)

You got to love those dip and always have extra funds in your wallet in cases like this. Its one of those days when you want to fill your bags some more of those coins that you've been wanting to buy at discounted price but still, careful in buying during dips because, dips may go deep and will take time to recover. Patience.

Nice to meet a man from the market who understands these charts and candle things because my mate said
look for the hammer and run from head and shoulders and something about "Let the trend be your friend" but I felt
a little embraced to ask him what they mean so maybe you can help me out here.

What odds will you give me on BTC going under $10,000 on GDAX and must include spikes that
I know for a fact are hidden from many of the charts like the peak on 7th Dec 2017 when BTC hit
$19,340 and was over $19,000 for about half an hour ?

I agree with you with Bitcoin recently going up to this kind of price point and seeing how the ups and downs, Bitcoin is yet on another consolidation mode but with an extreme range between 12,000$ to 20,000$. It may be the best time to accumulate more Bitcoin in the process of selling high buying low as it really helps if you are thinking of increasing your Bitcoin. As for the new investors I don't think that they contribute to the price increase more compared to what they are contributing to the volatility of the market.

Another good thing about this dip is that not just bitcoin experienced these decreases in its price but most of the altcoins in the market suffers the same dumps, a good opportunity for traders and holders to keep buying and take the advantage to profit from this kind of situation rather than to bite the Fud's that they are spreading, it is preparing to strike the price again.

I don't think that this is the last one in January, expecting a series of dip to come. However, looks like this is really a good buying more again. FUD will continue to exist, it is how we deal with it. So if they cause the market to dip, then we should take the opportunity, I mean every opportunity to buy and then keep on accumulating bitcoins.

This is another round to really bring out your cash and pour in the ecosystem and buy. Others are scare of dip, but on the contrary we can make a lot of money from it. Buy and then HODL. There are no magic in here. That's how successful investors do and should emulate them.

I don't want you to be the guy who are going to bitch later, seeing he didn't get it in dip but buy bitcoin at top price.  ;D

Yes we are now experiencing another dip again, maybe going until the second month of this year. So we better hold and have attention on the biggest dip. And if thats happens thats the time to buy bitcoins.

There is another chance for the people who wants to invest on bitcoin and I think the price dip will go upto $12K,so wait for that and buy when the orice starts to increase.There is a hardfork of ethereum coming up on Jan 19 so until that price of bitcoin may fall because people will look to buy ethereum than bitcoins because they will receive free coins from forks.

Yes, you right! I think this last dip in this month.
After price will be rising again up to 20K USD.
My advice don't panic! :)

The arrival of traders from Wall Street certainly makes a significant difference in the movement of this coins. They are more expert in assessing the market, I also think dip at this time is just the beginning of another to come. I can not predict where Bitcoin will fall, but clearly the market movement is very much changed, some altcoins are showing up as well.

anoth black friday for BTC, get it while it last!
This for sure will not be the last dip for this month and this is kinda getting sort of scary, not to panic sell but i will wait for some more time and see what will happen.
Maybe in the same time i would go to eth for a quick investment but i know i will get back to my first love BTC :)

Every dip in the market is a golden opportunity. This is the best time to accumulate more BTC at a lower price - Buy low, Sell High. There will be more scenarios like this in the market cycle. Cost averaging method is recommended for long term investment.

From the way it has been, end of 2017 has been very bullish and many coins has risen to fame, with bitcoin surpassing many benchmarks. If you look at the market as a whole now, although not entirely bearish, but we can't deny that it has signs of a bearish trend. It is a rather good time to get some amount of bitcoins and hold for a while we will surely see the insane growth back.

There is still more to come. Better wait, money is going to flow in ripple yet again because Ripple has partnered with money gram now. Bitcoin will go down furthermore, so you can buy then. Yay.. New investors, seize this opportunity or cry for ever.

But some new investors jumped in when it was last at $18,000 and many here were saying it's good to buy on the dip
and IBM once had the small PC market to themselves and I am sure someone was saying buy on the dip until it ran into
the ground so you will have to convince me that it won't be you that will "cry for ever"

Maybe you would like to counter my argument with some facts instead of gut feeling or hoping to see what suits
your pocket like you did with your ripple comment

I mean I can do calculations based on ripple price  and number of coins (100bn) and BTC price-21m
being a computer programmer and come up with something (Try it, you will be surprised) but i have
trouble when it comes to speculation (XRP on Coinbase)

For activate "bullish" need many solutions,bitcoin scale and smartcontracts and etc.

I bought a little fraction of bitcoin in order to buy it at a cheapest price. If i am not wrong, i bought at $12,700 when it touched it's dip during last night because of that fake fud..
Now i am on a 10% profit of that, it was not a huge investment, but yes, it is a huge difference anyway.

Too bad many people got done in by those fake news.  This dip might go all the way down to 10k so I'm holding until then.

First month of the year and we see all sorts of news. 2018 is gonna be an exiting year for crypto  ;D

Yes 2018 is gonna be the exciting year for us. buy the dip and hold its a bullish season so nothing to worry about. just hold more and don't ever touch your investment while its dip goodluck!

Don't know whether it is a Dip or beginning of an end of cryptos. Some people believe that it is an opportunity to buy and HODL, on the other hand, other says that its time to book the profit and exit the market as market is going crash after govt. intervention toward regulation.

I think the dip is over and it's only up from now on.

Doubt that Korean government will shut down any of those big Korean exchanges like Bithumb and Coinone:
https://coincodex.com/article/1182/the-crypto-market-dips-as-ambiguous-korea-news-spread/

especially token, it reminds us of early 2017 when ethereum are dumb badly but some of countries are collecting it so crazy. get your bag ready or you loose the train!!! BTFD!!!!

Yep. Just as Warren Buffet says, "“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”, right now people are so fearful and abandoning their stake just to not lose so much, but the smart people are coming in and picking up the pieces.

For the life of me I can not figure out what category of person is selling substantial amounts in the 13,000 to 13,500 USD range. Short sellers keep running into a wall in this area, as BTC has only dipped below 13,000 for a few hours since its all time high in Mid-December. The chances of getting burned by shorting in this area seem overwhelmingly greater than profiting. Why would miners who are in it for the long run be selling in this range instead of waiting for the seemingly inevitable  bounce back up. Why would long term hodlers suddenly give up in this range. Why would people who bought too high suddenly decide enough is enough and this is the range, which has been approached quite a few times, continue to dump here. Why would people who bought in the 9-10K area after NO2X ended suddenly give up here.

Nothing makes sense! There is no way for me to understand who is dumping in this range over and over. Your input to aid me in vanquishing my  ignorance is welcome.

I guess this is caused by the fact that the actual float of Bitcoin is not
as big as you think it is.

Most people that you refer to (miners, long-term holders ...) probably have the majority
of their coins in cold-storage or custodial services. These coins are not really getting traded and therefore
don´t really influence the price action. Many Bitcoin users never actually use their funds.

To sum up, I´d argue that the price action on the exchanges is mainly caused by
professional traders, a steady flow of casual investors entering the market and a
few entities that manipulate the market (shady exchanges, pump and dump groups).

I'm super bullish on $ITC. Started at $1 and now around $5. BUY THE DIPS PEOPLE

This is a difficult math problem and you have a great solution to maximize the profit you can get. I think that the crypto market in 2018 will explode, so we need to have bold ideas and investment to get a big return from the crypto market.

Three things are affecting the price right now and they are
1. Fees
2. Fees
3. Fees

And we can debate later about Loss of Trust (LoT) or will Lightning fix much

Look at the price chart and now look at the fee chart ! Spot the pattern so yes someone
might had brought in at $10,000 but now want out at $10,000 because they are not
prepared to be held to ransom by the miners.

Did you know oil prices are going up so wasted energy by miners could go up if some of the 20,000
we now have don't push off and leave a bit of room so the 1,000 remaining miners can process the
few trades that are actually hitting the BC and do it for a price worth paying.

far to many miners to agree on anything so the development team need to stop it programming
for a second and add the following line of code to the program if they were not professional enought
to add it in the firs place

Public static money MaxFee=1.50 // Market forces will cull the miners down to an acceptable level

80% of Bitcoin core code is concerned with mining and little to do with what customers needs are
but if they keep this up the coin will be going in the bin and that will rub off on all the other coins too.









 

 

Yes , this is big truth that good time to buy at this dip because people here have confusion with the Bitcoin price to have increase or decrease and most probably they are thinking that negative thing will happen i.e down in the price .
And I think that is due to a country , where voting is going on that whether to use block chain or not , since most of the people are in favour but still few rumours are running in this field and making the people panic and sell Thier coins .
May be anything happen , we should take advantage of this condition and buy Bitcoin for better profit .

Wise words, sadly I had all my money tied up in alts when the news broke and I didn't get out quick enough to rebuy back in at a lower price so was just left holding waiting for a recovery. Even after the China ban which to my mind was much worse the market recovered within weeks if not less, it's inevitable a recovery will come and this will just be another blip in the past.

Let's hope this is just only a dip, and not the beginning of a bear market. In 2014 I have bought the dip, after the huge rise of 2013. Well, I had to wait until 2017 to see my money back...

If anyone wants to buy a dip in BTC, I think the day of today is perfect for that. BTC at less than half the price compared to ATH. Not bad - huh?

For some it's a fall of the rate, for others it's a time to purchase. Because everyone understands that it's a temporary decline and many buy it not letting it fall lower.

I want btc dip more, so I can buy more with my fixed caps. Lol hahaha
Just dip to $8000 will make my purchase get more btc then I purchase now ;)

It will most likely go down to $7-$8k levels. Many weak hands will sell on the way down. Then it will start the climb toward an ATH. Actually, if it hits ~$9.5k today I will be buying some btc.

This is a great opportunity to buy because it's a lot cheaper than before and their wish just came true. Now how do we expect Bitcoin to rise? This month is a biggest pain in the ass as an investor i found it so nuisance every time when i look at my portfolio. I hope by the next month everything will change because it's so unfair to look at, it's just like i'm going to lose my control.

Oh, I knew that there will become dip, but didn't sold my coins.. now just waiting until the market will start rising again.. so good opportunity to buy cheap coins, but don't have free money to invest..

it seems so, but on the other hand it's an opportunity to set a new way to welcome progress in the next step, with bold speculation taking a high risk, while others feel crazy and panicky until many do not survive selling their coins. although it came down so low.
I think after this decline there will be a surprise that makes people regret for leaving and selling his coins.
actually success comes to the people who are patient and consistent. I think the reality of late do not be a doubt.

I still wait till the price goes <$10K and then I will make my moved. Although at the current price which is just above $10K is a good opportunity, will continue to wait it out and see what happens.

No doubt that this month is really a headache for all of us, we need to remain calm, you have to understand that it's just the nature of the market, the bulls suddenly run off, but there will be a time that they will consolidate for another run.

The only thing we can do is just hope. I'm no TA experts, that's why I looked at other predictions and it seems that they all agree that February will be the start when the market will slowly recovered from all this corrections. Just take advantage of the current market situations, accumulate as much as you can, though I'm waiting for the perfect time to enter the market (<$10K).

I agree, do not be made to regret by abandoning everything, holding and staying investing is a good decision, this year's extraordinary surprise for crypto. except for those who are impatient and deeply in doubt about the future of crypto in the marketplace. it is reasonable to risk a little in this decline. because they can not imagine the reward.

Yeah, hoping so. I know people are expecting more bubbles, exactly dip makes people of losing their control and lead them into selling their coins without seeing it that they are losing so much. Though it won't matter to them because they only after their money back without gaining profit.  Crypto makes fool person to be fool again, and smart guys take advantage on it as they buy their coins into cheap prices.

I want to state here categorically that this dip is the best period to buy as many bitcoins  as you can,as this great opportunity might hardly come by again.This is the best time to buy and make profit from it, so buying Bitcoin is a very good plan ,so that when sold after the bitcoin increases in price , the profit will be great .Many people are confused as per the dip ,while others  are seizing the opportunity to invest heavily considering the low price involved.And with the hope that the price will soon be normal again.

The market has fallen sharply, causing many investors to sell their potential peers and they are making the situation worse, with only speculators looking to market. Going deeper to buy cheap coin is really beneficial at this moment. Be a smart investor so you do not have to be a prey to a professional speculators who are always ready to take in the dirtiest coin and buy it at a very low price.

The market is getting better. There is a lot of coins in the orderbooks and people seem to be trying to purchase most coins that are on there.

FUDs spread on media create good opportunities for traders, they wait to see Bitcoin at its lowest price to buy as many as possible and sell it again when it is more expensive.
It is easy to make the crowd panic, but it is also a good opportunity to test the strength of Bitcoin and till know it is doing well during all these crisis and attacks.