Bitcoin Forum

In early May, we accurately predicted that bitcoin would trade above $11,500 before the end of 2019. The leading cryptocurrency breached that level last month, recording a fresh yearly high above $13,000. Since then, BTC has been correcting and is back trading near $10,000.

Read more : https://paperblockchain.com/this-is-your-last-chance-to-buy-the-dip-before-bitcoin-pierces-20000/ (https://paperblockchain.com/this-is-your-last-chance-to-buy-the-dip-before-bitcoin-pierces-20000/)

So you think that we already in the bottom of this run?
In my opinion, we are going to hit another low around 8k before bouncing back again. There are many people who wait 14k to exit the market, we saw that when the price nearly touched that level.

if most people used these "last chances" to "buy the dips" then we would have never seen all those big FOMO buys where they panic and start pouring their money in after the price had gone up a lot.

well you were all saying the same thing when price was in the $3k range. everywhere you looked some yellow website was predicting $1000 with their wedges and all the lines they drew on the charts ;)

See OP,
I really liked your suggestion.
But according to me the BTC price can't be predicted.
Usually the Price depends on the marketcap or trading volume.
When this increases the price also increases. And when it decreases the price too does the same.
So if you are ready to bear losses, you can take risk and buy btc, else who knows when will btc fall down.
Good luck to us.

Where's the bottom of the dip? :)

The $9,650 area wasn't on my radar as a key reversal level. Strong bounce here but for me, this is no man's land. I don't see a high probability bullish structure to buy yet and we didn't reach any of my knife catching levels. The current price action is inconclusive for me. Still waiting for the next big swing trade after buying the $10,500 area and selling the bounce last week.

When viewing these dips we must consider the quality of money that is now selling.   A large part of activity on any market is 'hot money'  which must sell as it is borrowed and cannot simply hold onto a price move which has gone against that bet.

There is some leverage in Bitcoin due to its rapid rise and quick returns, this encourages people to leverage their gains far past what they would receive just using their own money.    So every dip is forced selling to some extent, its impossible to tell for sure when the price falls where it may stop.     The more predictable line is very much slower rise of the long term pricing for Bitcoin which is in time with the halvening to block rewards.

Since the pace of that move is over a year away I think there is still plenty time to average in prices each month rather then expect any last dip to occur right now.   The hot money makes spike up and down and the slow money is the average curve where truely buying occurs for holding not trading as much.

Witg bitcoin price volatility, you never know when it is low/high in the short run. But if you consider it as an investment, you will find that any price is the dip in the long range.

We still have a very long way up to the current ATH to say that its our only last chance to ride the wave. If you aren't remembering price actions or movements in the charts are not a straight way up most of it is a gradual up and down movement going through its direction and a lot of traders have accumulated or take profit in that way. Don't expect Bitcoin to be one way up but expect it to have a lot of ups and downs where you can take advantage from and its up to you how you can earn from it.

Bitcoin is never been a predictable thing but somehow we have seen how many times like this where finding out the bottom.

Take a look back when the price is still on 3k level.Lots of people speculated that it might even go lower but some people take it
as the bottom and risk up to accumulate.

For now on the current price level,if you do tend to short out then I would say that this is a considerable level for you to get in.

Actually Bitcoin shame hundreds of TA experts.  We can see how these so called "experts" predicted Bitcoin movement and yet they had been proven wrong.   This simply means Bitcoin price movement cannot be predicted.  Market has its own pattern where TA experts keep on solving.  Though I agree that, this probably another window to get a cheaper Bitcoin in this  year.  Else we have to wait for another Bear season for Bitcoin, which is possible according to Bitcoin 4 year cycle, on 2022.

Bear season can anytime be felt but since we are already approaching the halving event on next year then we wouldn't

experience this thing for sure.I agree on that putting TA experts to shame that's why we do see endless kind of predictions
on where would prices would go.

Bears never left the market that is what I believe in, they just become dormant when Bulls become dominant.  But of course if opportunity comes in, they will strike to take over the market.  But as you said, the bear market will be silenced due to the upcoming halving event, and not only that, the recent approval of physically settled Bitcoin future (Erisx) the testing of BAKKT futures and other event will supply the bull  its need to dominate the Bitcoin market for a while.

So from this dip, we can probably see another bitcoin rally that will create another higher high for Bitcoin.  It was also speculated by Trace Mayer that it is most possible that Bitcoin can hit $21k   before the year end.  With this, I agree with OP's thead title.

Most bears (those who don't have a dislike towards Bitcoin) are just people being more neutral than you and me. If the trend changes they will shift from bearish to bullish. In the last couple of weeks there have been a lot of bears that turned bulls. These people aren't bears for ever, it's just the confirmation they are after to be confident enough that the bottom is in.

No doub't that we'll make newer highs in the coming months, but I think whenever we do try to break the ~$14,000 level we will yet again fail, but with a less powerful rejection afterwards. The moment we do break that level you better make sure to be long, else you're a wacko.

they can call themselves whatever they want, but those self-proclaimed "experts" have always their excuses in case their predictions go haywire. they are trying to use their TA knowledge, but bitcoin is different. i hope they already realised that!

Even with bitcoin trading analysis is common, there is nothing to have a variation. We need to be clear that trading analysis is different from price predictions. All the expertise predictions won't get coincidence with the real growth of the market, and when it comes to trading analysis based on the candle sticks move and other tools expertise people suggest the right choice 75% and fails 25%

Where’s the bottom for this correction? Honestly, no one can say the correct prediction or answer for this but if we believe for the price of $20k with bitcoin then we should start buying it now for a cheaper bitcoin. This may not be the last chance to but below $20k but slowly accumulating is better than to make entry at a later part of the uptrend.

   Same thing could be seen on this forum before price reached 10000$, some people gave a nice advice to people to buy before it reach that price
cause there is a high chance that we will never see price under 10000$ again.
   Now people around the forum are saying the same thing, buy before it reaches 20000$, maybe in some time this price now will be behind us and we
will never see it again.
   Good material to think about.

I looked at your post history and did not see this prediction that you are saying you did in early May


the price reach to $13700 and that was very incredible, Is a pity that failed to keep above $ 13000 for a long time


this sounds like a prediction that anyone can do


This is not good

i don't see you making any predictions now or any time before this. you just list a bunch of numbers each time and state the obvious about them and the market in general while trying to include as much possible scenario as you can so that you could later on say "i predicted it"!

now is not the "last chance" to buy the dip. the dip was when price went below $10k momentarily and now we are in a sideways market that can last a while so the chance is extended while accumulation takes place after the correction we just had.

All this analytical stuff will not accurately predict the price where we can land a good All-time high But it is correct that it will surely hit the $20,000 USD so take consideration of always buying! until we still had a likable cheaper price now, And in my opinion there as everyone has said that the price might take a dip but will just bounce off back again, That can be true, Because I think the correction can still be active at the time of bull run to simply take this opportunity to take a charge in getting back up again.

As we notice the market behavior, I've never think that the line will directly straight into high and don't believe any saying "this is the last chance".
Anytime we can possibly be in dumps, or we can be at $10k tomorrow, how this last chance makes sense if the price will drops down from its buying price today? It surely a big regrets for us.
But anyway, either we go for the price today or not, it is our decision.

Even thou in crypto everything is possible, people still don`t understand that completely. Price can really drop, or rise in any moment, nobody can say with guarantees what will happen. It`s on us to buy and sell when we think it`s the best, from timing we choose for one of those two operations will depends profit we make, or money we lose.
I`m saying here for years, people should never believe in anything 100%. Tops and dips should be tested all the time, with amount of money you feel comfortable with, in that way to always have something left to buy if price goes deeper, and never sell everything in case the price go higher.

actually things aren't as bad as you think they are. it is right that the market has a certain unpredictability attribute and there are times when we are surprised to see a certain move that we couldn't expect. but the big picture has always been crystal clear about bitcoin.
in fact that is why most of those who predict bitcoin price always do it in the long term like saying it will reach X in 2020 instead of saying it will reach X next week.

If you have been in this market for long, though it is very volatile but it seems it follow particular pattern. I have been trading in this market and when people said Bitcoin is here today and there tomorrow I do disagree with them as at least  there is a channel that bitcoin do follow in it movement and the only way you can become profitable investors is to understand how to follow the channels for profitable investing.

So true. A lot of fear and greed is around, you need to filter/disconnect those emotions too.

After going through your statements OP,
I came to know that, you are way of thinking is just limited.
According to you,  you want that we should buy the bitcoins before it hits 20k USD.
So according to you BTC will not go beyond that?
If so then you  are wrong.
As the price affects only due to the trading volume, so if the trading volume increases in the future, then surely the price of Bitcoin will also increase.
Hope you understands this.

The only thing that is optimistic about is the word "pierces" because that suggest it will be a lot higher and I believe that to be true. Not because of any charts, not because of any indicators, no I believe it because I think bitcoin has always pierced over the previous all time high like it was nothing.

Remember the time when bitcoins all time high 1400? Well when it was going above it the price didn't just went over it with barely trying, it went over it like it was nothing and kept going up. I believe same will happen now as well, it will go above 20 thousand dollars slowly but surely without a skyrocketing like its not a big deal and eventually when we reach a high enough level it will skyrocket to its limits once again. It has happened before and there is no reason why it should not happen again.

one thing i know is that when btc was as low as $4000 some people took advantage of the low price and buy, other's thought the end of btc has come so they refuse to take advantage, btc later surprises everyone and put a smile on the face of those who got the courage :)
follow your guts feeling ;)

There is no one will know bitcoin price in the future although he use a good speculation or he is an expert to predict bitcoin price, but is not guarantee to believe. As time passed I guess some investor will have a thought that to buy bitcoin that is no the best time. Everytime is the best time as long as the buyer have a patient to wait if the price goes down continously. You have to remember when the price of bitcoin reached an ATH and continue to decline but now its price has been increasing again. These thing should be learned, it could be the price fall again or it could be the price up again. So, for those someone who intend to buy bitcoin you should have a startegy to hold long term.

Well, if we just compare bitcoin from 2017 from now, it's really good to invest, since bitcoin recent price fluctuates $11 to 12k at this time, so you can still get profits, if you buy now and hold till will reach again worth $20k or might more than our expectations.

It will depend on themselves because if they think that bitcoin price can break $20,000 again, they will buy bitcoin from now on before the price start to increase. But every people have their own strategy, and we cannot force them just to buy bitcoin right now, and maybe they already have more bitcoin that they purchased when the bitcoin price is in a low price in a few months ago.

That's two times in two weeks some important guy (lete not give his name any more coverage than he already has!) has said this is the last chance to buy the dip.

False economy anyway to get in waiting on the dip. 9k 10 k 11k is all not going to matter when the new ATH and beyond triggers. Of course, I'm happy even at a 10% discount, knowing there's still plenty more drama to pull through before the actual parabola arrives -- and no, tempting as it may be to think so, it's not here yet. 4 digit prices... Also not beyond imagination. Still a long way to go, fellas.

Get used to it mate, we can't definitely rid of those kind of "speculators" but well I admit that it was better than the ones who share FUDs. I realize that doing such stuff is not bad at all because their stance is on the positive side :).

Anyway, I'm not really into speculating price but when I do I only based on the previous history of btc. Last 2017, btc soar high during the -ber months so now I'm hoping that it will happen once again. Even though there's no concrete evidence to support that presumption — just pure intuition.— but still I believe :D. Nonetheless, we can all agree that it still a good time for coin hoarding since we aren't yet reaching the last ATH.

that's mostly superstition though. every year people say the same thing but each of them use different months. it doesn't stop there either, they go as far as days too. for instance a common one is "bitcoin drops on weekends"! the reason why every person says a different thing is simply because there is no such patterns :D
anyways, the only thing that matters is that we are  one the rise. and every day the charts look more like the pre launch days such as 2012, 2015 and 2017.

Getting rid of any type of speculator in a market that's overly dominated by speculation isn't going to happen, so it's pointless even focusing on that. I would say 5-10% utility and 90-95% speculation.

As far as fud goes, it's part of every market and people need accept that. This is how Bitcoin's market has always been and still be when we're years away from where we are today.

People here pretend to be hodlers instead of speculators, but are constantly busy trying to guess where the price will go tomorrow, how manipulated the short term price is after a correction, etc. Just chill out for a moment.

The only reason I heard what bitcoin usually goes up in December is that the people who get their bonuses went straight ahead and put their money on bitcoin. May it's true or not. For me their is no correlation, people invest on bitcoin whenever they want. In could be in June or even December. Everyone here is speculation, after all bitcoin is now the best speculative asset.

I guess that’s far too low mate because we only drop below $10,000 and now we’re on the road of moving up once again.look now we’re closer to $13,000 and may continue climb this 3rd quarter seems like the 2017 rally is happening again this year and what more after the May 2020 halving?are we seeing a $30,000 value the highest of them all?

Honestly i doubt we will see btc at that low price again except their is a very terrible news that will suddenly pop out from no where that will give panic sellers reason to do so, when btc climb from $4k to $9k many people claim it will correct back to $4-$5k before going up again but it never did, in my opinion i would say there will only be little corrections occasional with each passing weeks till year end, but this is just my opinion.

We don't know to what extent we're gonna reach by the time of halving scheduled for the year 2020. With the good price rally taking place from the second quarter of the year I believe $3200 to be the low bottom for the year. By this year we may also experience further low price, but this won't be falling low to $4000 this year anymore.

When you look back hindsight is always 20/20, I mean we have seen the bull run when we were going up but nobody really knows when is the right time to buy and when is the right time to stop because in the end maybe you will lose all of your money because you bought at the top.

There are people who are scared because they bought at 13.8k for example, I think they should calm down and wait for the price to go back up but in the end they literally bought at the top just before the price went down, they might profit in the future when price goes up but they could have bought a lot cheaper and be profiting as of right now if they waited, and they are the examples people use when not buying because they are afraid the same will happen to them as well. That is why it is not easy to decide on the bottom, you can sell when you are in profit and it can go up even more and that is fine but if you buy not at the bottom then that is risky.

That is why, most financial advisers stated that we should only invest the money that we can afford to lose.  Putting the whole of our life savings in this high volatility items is certainly a "nut"  thing, though I agree when it comes to Bitcoin that "high risk will yield a high reward" .  As long as those who bought at the top did not convert their BTC, the value of it in BTC whether it goes downward to oblivion will not diminish. 1 BTC is always 1 BTC.  they just need to be patience until the time comes that Bitcoin gain momentum to push upward again.  and if Bitcoin does gets it, it alwasy shoots upward exponentially.

Easy to say but its really hard to be maintained by most people yet patience would be primarily tested out unto these times.

Volatility would always be the primary enemy on this crypto market and it cant really be avoided for sometimes not to panic when
you see that you holdings on usd value is plummeting.

let's suppose that this month of July the price ends in the $13000; and in the month of August the price finishes in the $14000; and in the month of September $15,000; and in the month of October the price ends in the $16000; and in the month of November the price ends in the $17000; and in December the price will end at $18,000. In January of the next year the price ends in  $19000; in feverreio of the next year the price finishes in  $20,000; in March of the next year the price will end in the $ 21000; In April of the next year the price ends in  $22000; in May of the next year the price will end in the $23000; in June of the next year the price ends in  $24000; in July of the next year the price will end in the $25000; in August of the next year the price ends in the  $26000; in September of the next year the price ends in the  $27000; in October next year the price will end at $28000; in November next year the price will end at $29,000 and in December next year the price will end at $30,000.

So that means that if the price increases $ 1000 every month, only in December next year that the price would reach $ 30,000. I do not believe we will see the price of 30,000 next year, maybe in 2022

It is true that no one really knows how high the price of bitcoin or any other coin will go however there are ways to determine good entry and exit points if you want to be a trader or an investor, and buying at 13800 was not a good entry point, if someone bought at that level then he did it because of FOMO and nothing more, in the past I have been tempted to do the same with coins that were skyrocketing but I knew it was a bad idea and that has saved me from great losses, those that did not bought bitcoin at a reasonable price should have waited until there was a correction to invest instead of buying at the top which is always a bad idea.

People like to see the price pump hard, but that's only possible when there is an intense level of volatility in the market, and this volatility results in more volume being generated.

It's something this market needs-- we have had enough examples of how the lack of volatility lead to lower volumes and logically a decline in the price. Stability definitely doesn't help crypto in today's market of speculation.

Most people panic selling are either all in or have over-invested. In both cases people monitor the price every minute and are ready to sell if the price happens to go down.

Panic selling can easily be avoided when you dollar cost average every two weeks or month regardless of what the price is. A dump means more satoshis for your money and a lower overall buying price.