Bitcoin Forum

https://www.cryptolinenews.com/2018/11/crypto-investors/

in this article they called bitcoin being in a dip while it was at 5.5k there are no reasonable analysis or recommendetions here is all purely agenda driven, so there is no reasoning possible.

they will always call it a dip or bear market and never even consider it being a collapse or trend change.

those that belived those crappy articles and recommendations lost almost 30% value till today, within just 2 weeks

regards

Plenty of people think that bitcoin won't succeed and the trend will reverse and that this could be the start of it but even if that's the case it wouldn't be a complete collapse without any signs of recovery. Even if BTC were to be dead (I don't think it is) then there would be so called dead cat bounces, and they would follow on from the dips.

The real dip is at $2k.

People have been calling the dip whenever the price drops %10-20 because they were hoping that this time it is going to recover, when they realize they were wrong, they call the dip next time. What they don't realize is, there isn't a shortage of dips in a bear market. (Unless it is $2k:))

If we go below $2k and stay there for more than a month however, now you can freely say "bitcoin is dead"

Not saying it can't be revived in the future but staying for a month or two below $2k means It is pretty much dead which is why it is probably not going to happen.

Bitcoin won't die before USD dies. USD will die long before bitcoin.

Marketcap of bitcoin is tiny compared to how much USD was printed by the fed.

$72bn only. We are still at the beginning of the history. At this point bitcoin is no bigger than a mid size company.

thats true american banking cartel is truly big gambling garbage.

if bitcoin would be traded with euro everything would have been much thougher, and banksters would suffer much more trust loss

but entire discussion weather dip or nor is complete garbage and should better be ignored.

If you are buying bitcoins and not just buying options with large leverage then the article makes sense, this is pretty much what i try to do, and the lower it goes the more i buy and at the same time selling coins that were bought cheaply and are now showing a profit, and use the cash to buy more when the market drops again, sometimes you have to be patient as coins bought near the top of the market will show substancial losses if sold now.

No one can tell which price is dip and when will it bounce, on each low everyone goes for another low as resistance but one thing is sure that if the market goes below $3000 then we can see massive sell and the price will move below $2000 very easily and then the market will take lot of time to recover. But still it will be a very good time to start buying bitcoins as after 2 or 3 years you will surely see a very good price and good profit.

i wouldn't say "market" i would rather use the term "social support"

I urge you not to read such articles and remain cool to everything that is happening now with the market. You should understand that the situation with cryptocurrencies is cyclical - everything is repeated again and again. What worked yesterday will not work tomorrow, as the world is changing and new factors, new coin holders and new opportunities for their implementation appear.

there is nothing wrong with that since we can still sell bitcoin more than we bought in the future

Plenty of people simply hope in self fulfilling prophecy - they bought Bitcoin when it was up, and now they want to reassure other investors that this is 'just a dip' (and you should always buy dips, they say). The opposite is true, we have been in a bear trend for a few months and we will probably not break it soon.  

thats what i want to point out in cryptomedia there is no such thing as truth its all just agenda driven, people say stuff in order to make something being belived, not because they think it is likely or realistically they just claim it out of agenda reasons.

truth, false and wrong dont apply here like its the case in engineering or science

If you bought the $5500 dip and the price would have gone back over $6000 directly people would congratulate you. Now the price has gone down well below that level, they make fun of those who bought that dip.

Isn't it the same as what happened last year? People right now literally make fun of those who bought the top, while back then it could have pumped over $50,000 without much problems.

The way the price kept going up continuously last year makes going from $20,000 to $50,000 a piece of cake. People didn't only held their coins firmly, but they bought more to book more profits while the price keeps increasing.

well if the price returns to 6k what no one believes, he could have bought at the 4k dip instead of the 5.5k dipp.

problem is that we point out here the complete worthlessness of human information in this market, because everything is agenda and interest driven so no point taking it serious,

i saw a cryptomagazine today that calls itself "sludgefeed" well there is a lot of truth to that.

bitcoin wont go back to 20k it will not even return to 5k anymore.

Only if they sell, if they're planning to hold for the long-term then these fluctuations in price are meaningless.

But, to be honest, if someone bought at 5.5k just because they read some article from a random website that says "5.5k is the dip" and he or she is now regretting buying at that mark, well, it's their own fault, you simply can't be that naive and believe everything you read online, especially when there's money on the line.

Why not? if only back to $ 5k it seems very likely, but if it doesn't happen until the end of this month, it's likely that the price of bitcoin will continue to decline because of the loss of investor confidence in it, and the strong influence of the government of the world impressed so aggressively to drop crypto

world drops bitcoin but not crypto. governments get under pressure by bitcoin and crypto as well, they effectivly are becomming communists.

its good if bitcoin drops down, but we will get a tower of babel.

I don't know why you are so upset..? At the end of that article you have info how to buy in moments of price drops:

"How buying the dips works
Start by buying incrementally as the prices go down. Aim at creating an average position and buy some more as the price decreases further.
You can wait until the price settles or even shows signs of recovering and buy at that point.
You can set buy orders at lower prices which are lower than current prices and wait for them to fill. A strategy that works well is setting buys just before historic support levels. They are also known as psychological levels. Prices tend always to bounce quickly once they hit these levels."

This article is just opinion of some freelancer and at the end in short he explain strategy of buying in the moments of drops and selling right after reaction of market. This is often used strategy by daytraders.

I always thought crypto people were against the government and it's endless bs. Crypto is freedom so I don't really understand. We should all just use crypto we invented it, it is ours.
The government can piss off. But now there is all this KYC bs it irritates me so much. When will they ask for finger print and DNA. Your privacy is invaded more and more each day.
Let's just see how bitcoin performs. Noone knows that's why it's so exciting.

i doubt you will love the freedom of crypto, besides talking about crypto excludes bitcoin, bitcoin is not crypto, altcoins are crypto bitcoin wants to become the worlds dominant world reserve currency so nope its not crypto and its not an altcoins its just a fanatic pow sect.

articles from the shitty news sites are never worth reading or quoting. it doesn't matter even if they are correct from time to time.

in this case $5.5k is indeed a dip and an excellent opportunity to buy bitcoin. what newbies like OP don't yet know about bitcoin is that it is volatile but it is always rising in the long term. in other words $5.5k of this year is exactly the same as $250 of 2015. that price was also a dip and an excellent time to buy bitcoin despite the fact that price dropped 40% afterwards which was the volatility but none of those who bought in that dip cared about the following drop just like now those who bought at $5.5k don't care about this follow up drop.

I have nothing to worng buy/sale Bitcoin $4.1k more have been good opportunity and I guess that you can trying continue your buy/sale , trading and investment planning.2017 last year Bitcoin value going to good volume but now I have forget it. because Bitcoin value and market always unstable.im catching now trading & buying lower/higher does not matter with me.even I don't called them come back again Bitcoin value huge, because it will increase anytime.

you decided to make a political campaign against bitcoin, your thread is not about articles and what those news channels post, the purpose of your thread is for people to stop believing in bitcoin and this is why you do not believe in bitcoin, but you believe in altcoins because it would be a form of opposition to bitcoin. About the news site that you posted, check this:


By reading this article you can see that he is giving good advice, but you are creating a thread so that people think the opposite and you are doing it because you do not like bitcoin

Those who bought bitcoin for 15k can not look at it calmly. You can put a warrant ladder, in increments of $ 500 and buy buy buy buy.

On December 2, CCN reported that if the price of the dominant cryptocurrency falls below the $4,000 mark and fails to recover to the $4,200 to $4,400 range, then a further drop to the mid-$3,000 region can become a possibility.

The report read:

“A technical analyst with an alias ‘The Crypto Monk’ stated that if BTC sustains the $4,000 support level in the next 12 to 24 hours, then a rebound to the $4,200 to $4,400 range is possible. But, if it falls below $4,000, and it was close to doing so earlier in the day, another short-term correction could be in play.”
https://www.ccn.com/bitcoin-price-falls-to-3900-after-poor-weekend-crypto-market-loses-12-billion/

well social media is no ones friend in these dark days, thats what i wanted to point out.

the market cycle thing is what you want to belive, what you want everyone to belive, a loss in support, is what you cant accept a possibility and we will see how it will turn out, i personally dont belive its just a market cycle its a loss in support.

What can I say... Stop reading influenced media. What do You expect to read from crypto-enthusiast source? That it is a scam and will end like on?

"DIP" is relative, depending on which reference point are we talking about. If we gonna consider the higher price such as %7,400, then $5,500 might be called "dip" at that point. But, since bitcoin price drops further, then $3,500 is also a "dip" with reference to $5,500. If you're referring to the floor price, it is better called "bottom".