Bitcoin Forum

As we saw the recent dump of Bitcoin which resulted some huge liquidatations in histort. A lot of people saying that bear season for Bitcoin already started when Bitcoin dumped around 27% few days ago.

For sure a lot of you there telling that, "I will wait for the pullback and buy more Bitcoin".

But the question here, did you able to buy Bitcoin at dip or nah?   ;D

https://i.imgflip.com/4tr6ef.jpg

https://twitter.com/zackvoell/status/1349498747395452928?s=19

The real dip was in 2018 and 2019.
That was the time to fill the pockets
.
Now we just had a small discount ;)

Nah! My commissioned drawing is currently having poor sales in my place and most of the revenues are being used for paying my tuition fees and stuff that I needed for day to day basis. Perhaps the only choice I only have is to Dollar Cost Average (DCA) whenever I got extra from various side hustles!

I wonder if there is still an instance where bitcoin can go down multifold as most of the people are now getting interested as compared from the previous years where skepticism from most people are present.

Always. Luckily I managed to DCA through that dip. If you're asking about most people though, I'm afraid some of them are waiting for something crazy like $5,000 or something lol.

On second thought, it's crazy how us crashing down to $20,000 would be considered a "crash" nowadays, whereas a lot of people were just dreaming and hoping for 20k a few months ago lol.

Actually, I think the real dip is yet to come for 2021. In my opinion, the bear market has actually not started yet. Bitcoin is still going strong if you actually check the USD value from the 14th of December. The dip you are referring to is can be manipulation by whales or a general profit booking. Today it is again up by more than 5 percent.

 To be honest I didn't entered at this dip I thought the market has started to drop but once again it BTC got the momentum which is really good to see, I have already planned to buy at 20k so I was expecting the same However the market has different thoughts and once again big players made a quick twist and now BTC price is recovering In my opinion if in case it breaks 40k then the next resistance could be 50k.

No, I run out of excess funds when I bought the dip at 18.6k a few weeks back.

If Bitcoin crashed down to $3 dollars, I'd be buying a few every week. And if bitcoin crashed to 5k, I'd stack some more sats.


The mainstream media could be talking about the crash, people on the street could be ridiculing the idiotic bitcoin believers who didn't see the tulip bubble ponzi scheme that bitcoin was and I'd be filling my bags.


It's not like an 85% crash couldn't happen again. Of course it can. I'm just factoring it in. Even if an 85% crash and another long bear market happens my position on bitcoin won't change and the technology will keep marching forward.

Dip =/= crash, OP mentioned a dip, and you're most probably referring to a price crash because you've mentioned a bear market. :P

https://i.imgur.com/5bGWKYF.png

If that is how you put it, that is right in a way. Nobody really knows when it is a dip after it happened. I did not bought the hiccup because I believe that it will be a temporary movement that will only spring the prices back to a higher point in the near future, the last spurt of prices back in 2018 was around the 15th of January so there is still some time left before something uncertain happens.

That was a trap which many investors believed that we are entering to the bear market. I was able to bought the dip but just a little from it and I've taken profit when it's on peak, probably just luck and didn't let my emotion overcome myself.

Those who still believed that they can see the dip such as March 2020, they will find it hard to see it.

I disrespectfully disagree. All crashes are dips but not all dips are crashes. A crash is a dip but a dip isn't a crash. And no I don't mean the disrespectful part I just think it's funny.

Edit: My post is awkwardly worded. I need sleep.

That $30,000 price range was like an early black friday sale in all of cryptocurrencies market  ;D. I don't know why people panicked when the support from institutional is so strong.


To be honest, you really can't compare 2018 to 2021. 2018 doesn't have that much support and only full of uncertainty from the investors who thought Bitcoin is a scam which we really can't blame them because of what happened to Bitconnect and ICOs. 2021 started with a strong support from all over the world. Even those who banned Bitcoin is trying to take advantage of it now.

Nah I am not able to buy at dip because I have nothing to invest but if only I have extra money why not? Yeah we have to accept the fact that dip is the best time to buy just like the basic "buy low sell high" that works all the time. Prices today is far more undervalued compared in the future.

I though this sudden dip can be a corrective price action from impulse count since the price has managed to drop over 20%. However, it turns out to be accelerating further back for about 24 hours trading activities. Hence, people get to buy the dip price of nearly 32k had huge profit right now. I think this dip is a pure whale sell off and possibly a market manipulation given that it bounced back the price so fast. Considerably making the market highly volatile for a moment on bitcoin market... which in fact showing weaker buyers and that is the objective of getting out weaker holders.

I don't think that the real dip has already started, bitcoin could still go down this year 2021, I am hoping that it would happen and I will wait for it before I am going to buy some bitcoin. $30000 is not yet a good dumped for bitcoin, there's still more than that. I am looking for $20000 to $25k again before I buy some.
I really thought that this dip will continuos to happen but it is not because it already reaches again $37000 and continuous growing,

Correct version of your question: "Did you buy the dip?"

My answer: "Yes I bought the dip, but it wasn't the one in 2021"

Yes, 20k seemed pretty appealing only a month ago. Crazy!

TBH, I already plotted $30k as my short term support but for some reasons I didn't know why the hell I didn't bought at that price.
My fear got me again and I wasted another opportunity to gain some short term profits.

I know that there are some here who experienced the same as mine but there are some who bravely bought at the dip and now happy with their profits. This time for sure I will buy at the pullback. I already plotted some short term supports and will buy from that price :)

Nah, not enough cash for me in the beginning of the year, LMAO.

In any case, those who have bought in this dip at the discount should be very lucky. And just by looking at their portfolio, the price is already on the way to make a good bounce and for sure they will feel happy that they take advantage of the discounted price and didn't wait for the price to hit $20k.

Nah, I think Bitcoin will be dropped below $30K then surely I will buy it, but it's still around $32K so I think it's still bit expensive

Bitcoin is still bullish and has a potential to reach $50K in this year, I don't know why many people do panic selling until it drop to $32K. Maybe because some holders might think the season is repeat where after Bitcoin reach the new ATH it will be crash and Alt coin season begin.

If you meant about the dip a few days ago, I am afraid I do not buy at that price. But I bought bitcoin at $35k, and I still hold it because I want to sell it when the price increase to $40k. But if your mean bought the dip was a long time ago, then I do not buy bitcoin because I get bitcoin for free from the faucet ;D
But I bought bitcoin before the price jump to $19k in 2017-2018 and sell some parts at that peak.

It definitely wasn't a dip like the ones that have occurred in the past. However, billions of dollars were "lost" in market cap and its value dumped by at least 12%. You cannot say that's an insignificant crash.

I only bought a small amount of Bitcoin, to be honest, I was afraid that it wouldn't recover so quickly.

The dip has happened but I wonder if many were able to buy the dip as I am sure that many are afraid that the bitcoin price and other currencies will continue to go down. In my case, I was able to secure a good amount of assets from the dip and I am happy to my decision as the market is starting to crawl again pointing upward.

I guess the next dip will be after hitting the $50k price for bitcoin and I will be waiting for it again, I will stock more once there will correction that will happen to the market.

Even though the price went down but it was still a high value and I wasn't sure to buy more at that time, but at least buying according to the available financial capacity I don't think would be wrong either because even today we can see it keeps going up. Well, whatever the choice of buying or not, at least there are other cryptos and I think it will be more accessible to many in the community to have because the price is still cheap.

Bought the dip? I thought so because of that recent 32k price dump and i did able to enter not on  that exact point but on 33k and able to sell when it hits 36k
and when it dipped again in 33k then i had rebought it and now that the price is almost hitting 40k then thats the sweet spot for you to sell on now.
Pointing out these sweet spots isnt something that you can really hit up from time to time and with some mix of gut and intuition plus analysis
then you can really able to enter on this one and able to make profits in short span of time.

Yes indeed multiple times over a few days as I got FIAT.
I always try to buy Bitcoin when it is on Discount sale... I always have and will continue on in the future.

I dont get hung up on the price, I just buy because when Bitcoin is at $100,000 it will matter little if I
bought at $33,500 or $36,500.

Dollar Cost Averaging

Yes they have now, after buying and after the price increase, seen they were good to buy when they bought, but If any one hasn't still bought, can buy maybe just like those one's in months time would look back when they bought and have same, or more exciting feelings like this ones are having at the moment. If you want to buy Bitcoin regretting why did you not buy before will delay you from buying, and maybe more regrets.

Considering what happened in December 2017 and the early part of 2018, personally I wasn't encouraged to buy Bitcoin when the price dropped to $30k. I was thinking it might drop further.  And based on what happened, I'm very sure a lot of people will not make a mistake of buying at $30k.  The bitcoin market is so unpredictable.

We missed it again, atleast I kissed it as I was expecting more more dump and planning to buy at rock bottom but the market turned green once again this limiting chances to buy at dip and moreover it was tricky situation wherein most of us would hesitate to buy when the value starts dropping after reaching ATH as it generally means bullrun is over but this time it's getting kore complicated to predict or follow anything.

Yeah it will be difficult especially for most investor out there who buy bitcoin when its price touched $30.000. They will assume that bull run for bitcoin is over and seem like for those who familiar with future market they will put short entry.

But for day trader or swing trader, they will buy the dip especially they will buy when bitcoin touch $30.000 and most of them still hold until know. They will be expected that bitcoin will be formed ABCD pattern, yeah the key is bitcoin must pass the $42000 barrier first to form the ABCD pattern, let see what will happen.

Unfortunately, it didn't drop further than $30k, it remained at $32k and then we have a quick bounce to $38k++ now. And that's the problem if we keep on waiting for the price to drop down further. I'm sorry but this is not 2017's bubble yet. We are still far from seeing being going into the next bubble crash. This is just the beginning of 2017, wherein there is a lot of volatility but eventually finished the year with a new all time high, followed by the bubble being burst. So if the trend continues for this year, we might see the price hitting $100k.

I try not to react to these small moves that take less than 5 days to unfold.

Was it really a dip? It could very well be a dead cat bounce. If you compare the peak of 2017 bull market with this one they look very much alike on 1d charts.

We have a high followed by a selloff and a lower high. Could be the end of a bull run, but could also be a continuation if we can form a higher high in the next few days. It's going to play out in less than a week. If we don't see a higher high then we could revisit 22 thousand.

I did not bought on dip because i am afraid that the price will continue to fall. But in year 2018 i buy some coin that i am still holding right now. I see that if we buy on this dip there is still a risk because this is not a real dip, the real dip is not today it is in the past years.

Luckily, when i sel off my altcoins when they followed the bull market, I had manage to buy some part of bitcoin. Not at the lowest dip but bought some part at $36k, now not regretting as the pullback is going smoothly.

While other's are afraid to buy at high price because for them the correction's price is still high and they are still waiting for the it to dump down to $20k as I can see we can not yet break that price. We all have a choice, it's how we react and manage our trading styles.

We will have even bigger dips to buy btc, im sure. Time will come and i will be ready to buy something on bitfinex from my card. Dont want to deposit fiat in advance. Im waiting for something like 25k to buy even more

I think there are several other reason why people aren't buying bitcoin at high price these days and I think capital is the main reason. I believe all trader should manage their portfolio well even if they don't have much capital. Some of them are believed to prefer altcoin over buying bitcoin at high price in the hope that they will make a much bigger profit than bitcoin today.

Bitcoin is the most recommended asset for long-term investment by most bitcoin enthusiast and I would never doubt it. But everyone can make a choice of asset that could potentially benefit them over a period of time. Altcoin are an option, maybe.

2018-2019 is a good year to buy bitcoin at deep prices. The price of bitcoin in 2019 touched the price of $ 3k and it is the cheapest price. Imagine if you bought it for $ 3k and sold it at its current ATH price of $ 40k. you will have many advantages. However to expect the current deep will probably be around $ 20k only. Support at $ 30k is still strong and is currently bullish again.

Not dip enough... The real recent dip happened on 2018 when some people were panic selling and unfortunately I didn't pay enough money to buy more bitcoins at 4K now we are just getting some short term price corrections. However, if you see and use these lil dips on the market you can easily earn amazing profit. The interesting this here is some people waiting for a dip at under 20K again to buy bitcoins. In my own idea, using the stairs strategy and buying at different prices is more reasonable than waiting for a dip.

I dont think there is dip yet from what I notice the dump from the dump I think the dip is yet to come and what happen was just a correction or is just a little bit of the dip we are expecting, am thinking bitcoin will still dip more but it will be a gradual process.

no and I'm very sorry. it should have bought for $ 8000 and now look ... wow amazing!
but I didn't buy at all when bitcoin fell, because I lacked money to buy it and didn't dare to go into debt.

That is the issue that one need to have startegy and some money in place so that dip can actually help you make some money at times it could be just in a matter of hours where it can easily rise like 10% and you make quick profits and sell it. But for that proper planning of funds and patience becomes the key so that on dip you can buy and if need be also can hold.

from now no one knows how much the deepest price of bitcoin, all people said I will buy on dip but they don't know when?. In my opinion, you should be thinking to buy bitcoin at this price, when you looking for the deepest, you will never have.

I am among those who are waiting for the price of Bitcoin to fall as it is today, because now I think is the right time to buy Bitcoin again.
Because it's very difficult right now to expect Bitcoin to drop below $ 30k, because now many institutions are investing in Bitcoin for
the long term. So the price of $ 36k is pretty low if you want to buy Bitcoin. Indeed, many also hope that Bitcoin can return to a price
below $ 10k, to be able to actually buy Bitcoin at a cheap price. But it looks like that can't be happening.

We can not always buy the dip because we do not know when the price will be a dip. But we can buy the coin when the price is down, and no matter if that is the lowest price, if we can hold it for a while, we will see the price will be back to increase again. After the downtrend, the uptrend will come, and in that time, you will see your investment value will change and you will see how much profit you can make from the coin. But it needs patient before you can see that change and you should hold your coins tight.

That is a fact, once the price touched $42k you never know what the future holds and when we will see a correction considering the global financial situation and with institutional investors pouring in their money you cannot predict when they will be dumping the coins.
I am not confident enough to invest right now, i have the patience to wait till we see a major correction.

The small discounts are still profitable in someway but not impactful as the year 2018 and 2019. Haha.

I always believed that buying at the lowest points of Cryptocurrencies can always be profitable and we should take this opportunity to buy whenever possible but we should have the capital to do so because the effect or gain that we would have is greater than our initial capital but that opportunity is only possible once we decide to invest on that opportunity.

The recent dips were the most dangerous liquidations, worst nightmare for longs who bought it at high leverage in those ranges. It was already an opportunity for everyone who wanted to buy Bitcoin for less price. I don't think we may see such a dump again.

Waiting too long for a trade may prove more expensive when btc touches more ATHs.

you will be fine if you have the machine time, we never know when the major correction or it could never happen. In march 2020 people said bitcoin will fail under $1000 and some people waiting that where couldn't happen until now. we never know $36,000 is the deepest price were maybe never touched again in the future.