Bitcoin Forum

https://i.imgur.com/EZVi77I.jpg

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

I think buying at 30k$ isn't what I would do, I would have rather invested it into different coins other than putting it all in one crypto. With Elon Musk turning 180° on crypto, the future of a bull run seems dull to happen any soon. I am of the opinion that market will good down a lot more in the upcoming weeks.

Good points. China banning BTC and crypto trade platforms today (and any transactions to them) also bleaks the prospects.

Many big miners are from China and they will now have a very hard time converting BTC to fiat to pay electricity bills for example.
They could also be panic selling.

Musk also planted the seed of doubt by pointing out many large miners (especially in China) use coal energy to mine coins rather than hydro, solar or wind.

There are also rumors Tesla did a BTC dump on Monday, but those are only based on a vague single tweet.

I would diversify into ETH or smaller cryptos, but frankly believe I don't understand them enough to justify the purchase.

Bitcoin is somewhat easier to understand, at least for people who have been in the 'scene' since the early 2010's.

For the short term I think if you have made a profit please sell it. If I look at the Candle there is strong support at the 28,800 area. The current price had dropped to 29,500 then bounced back to the current above around 36K-37K. Be careful if the support is broken it might drop in the 20k area. My advice please buy not all your money.

I think the China crackdown will pull the market further down , below 30k as there will be panic selling atleast across China since they won't be able to cash on their crypto, buying in this dip will be profitable  in future.

And did see a few charts being posted by some pro traders and they say price will hold at this price, just hoping this is not just some ordinary speculation.

Looking at the chart at the moment is scary, but what goes up must come down,market has been in this uptrend for some time and it's only fair it corrects to show us the real price.

Going from over $60k to $30k is a good buy for Bitcoin right now. We can buy now and hold the investment long enough or sell them when the price rebounds. The rapid drop in value is also an opportunity to buy because I know that the market will recover.
Another thing is that Microstrategy always bottoms Bitcoin. Paypal is making Bitcoin available to people all over the world so Bitcoin will have an extra market and a price increase is bound to happen.

This probably deserves to be in the speculation section because it is just your opinion on the price of Bitcoin and whether it is a good time to buy. I saw Bitcoin hit $35k earlier but didn't know it had dropped to $30k, are you sure it dropped to $30k USD as you intermingle currencies later in in your post? Most traditional traders will tell you to follow trends and while it has bounced back a little, it is still on an overall slide from the $65k it hit a few months ago. It's worth remembering that earlier this year Bitcoin was still selling sub-$15k and there is a lot of bad news right now which might push it down further. Many bitcoin holders might not even be aware of the drop until this weekend when they check, then get scared and cash out everything to further depress the price.

Bitcoin has strong support there, Do not know whether to panic now or not. I'm sure bitcoin recovery soon, if bitcoin continues to fall then it's very destroyed also for altcoins.

https://finance.yahoo.com/quote/BTC-USD/history/
It dropped to $31663 to be exact, about a couple hours ago. Had to double check.
Wasn't quick enough to notice that drop. That would have been an appealing purchase.

Anyway, I was just wondering what other people think about buying during this dip as it's exceptionally large (for 2021).
I don't encourage people to buy who feel uncomfortable with it. I do also believe in long term holding.

I agree with you that most holders don't check daily and will be in for quite a shock when they log in.

I hope you don't miss the chance to buy bitcoin in a flash dump at $28k a few hours ago. Bitcoin price is really down below $30k, but then the price can back increase quickly, and now the price is traded at $36k. I am afraid that the price can go down again a few hours later since the bitcoin price is still at a downtrend. But I do not worry because I hope I can buy more bitcoin, and perhaps, there will be any flash dump happen again. But you can buy bitcoin at the current price, but you need to remember that this situation is not good to buy instant.

To be honest, I am not sure if $30,000 will be the final dip of this market because upon seeing today the price of the bitcoin which is dip already is $38,000 in which it just happens for almost a night. The whole market collapse and the price of each coin dump just over the night which we clearly see how risky to buy on this dip right now because we don't know if the market will continue to dump or not especially when it comes to bitcoin.

Consider it as a good buy. Every time that you buy bitcoin, that's already considered as a smart choice and if you've bought it lower from the quite high prices that it has reached before then you just did a great decision. I'm planning to buy as soon as possible, as long as the price is below $40k, that's certainly passed my set price of buying.

$ 30k is the lowest price to date. This drastic drop sent all altcoin prices into freefall. Buying some at the price of $ 30k is the right choice, buy some and wait for the price to rise. I am sure the price of bitcoin will go back up and higher than the current price. The possibility to achieve new ATH is also still there and many predict that the new ATH will certainly be achieved soon.

When it comes to trend direction then basing off all on the years we had observed where Bitcoin would be the main player when the time it dips then next will be altcoin in next in line.
Basing off with technicals then this would be a good spot to buyback but never ever exclude the possibility or chances that the dip would even go lower.
So its a matter of choice neither you would risk to enter this price point or would hold back a little more for more lower price but it seems
the support on this level is a bit better or can really held on.

30k is a good support and we have tested it after quite long, I remember the previous rally of Bitcoin started right around these areas. But currently I don't see a huge rally coming up. We are currently in a down trend and some of us need to wake up that it's really something more than a correction this time. I do believe 36k was a good buy you might be able to sell at 50k pretty easily this way but I highly doubt that we are going for another all time high anytime soon now.

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price.  ;D

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

In everyday, bitcoin is still stuck at $38k if $30k is the last drop then we need to prepare for it but we will see how the overnight movement was so fast that almost the whole is in free fall and I see the global crypto market is going down even more by 18% so if it looks it's scary.

We don't know how collapsed bitcoin was but I am sure the recovery will definitely happen and this is indeed a lot influenced by FUD, especially whales who take advantage of the moment where they sell it simultaneously.
But we have to think more deeply, is it possible that whales like Elon and the others are buying now?
Or a prolonged bear market.

But it will be counterpart by some good news soon so these dip @ 30k usd is a good opportunity to accumulatd more bitcoin. Weve seen the recent ATH reached and we would rather buy at this price and to wait for that another boom soon. But then again, the market is suffering and so does the long term holders.  As we all know these is how cryptocurrency works. Dip market means a good time to buy more coins.

It won't affect the long-term, the bitcoins sold will be dispersed to other countries. China is just one country, there are hundreds out there to catch up and adopt bitcoin to make the prices go up.

I think we have reach capitulation already at $30,000'ish so that is a good buy by the OP. And I don't think that it will go further down. Many are buying now so we might see some small gains and maybe can go up to $40,000 again.

For sure there are a lot of traders who are shorting bitcoin at this point that's why the price keeps going down even though there are significant whales and institutions buying at that price. So we will see, I commend the OP for not panicking and instead bought the dip.

investors are buying too. maybe you are right about that $30k bottom. big investors have no trust in fiat money anymore and they are looking to invest in crypto including the shitcoins we have. well shitcoins are still better than fiat when you don't see anything good about the government money anymore.

the dump is a fun drive and exciting at times. if the price dumps below $30k in the next few days, just don't start to panic and sell.

With all the fall that there is for now in BTC many are betting that it can go down even more, but the smartest are buying in the fall, but there is a slight impression that it can recover above $40k:

https://i.imgur.com/GSPPaTu.png
Source:https://www.newsbtc.com/analysis/btc/bitcoin-btc-bullish-reversal-above-40k/ (https://www.newsbtc.com/analysis/btc/bitcoin-btc-bullish-reversal-above-40k/)

Not everything can be bearish, also some bulls are taking control and trying to raise the price of BTC, it is just a matter of waiting.

$30,000 is the very strong support that I saw right now since the 34 weekly EMA too got broke as of now since the week isn't ending right now. If this week, Bitcoin will end up below 34 EMA then $30,000 is the next support.

Good for you to buy the dip and for sure many of us did the same thing too :). If you just bought at the $30,000 or at least near to it then you got some short term gains as of now since Bitcoin is near $40,000 as of this moment. I just hope that it will not go below $30,000 anymore because if that happen, that might be the trigger of the bear market :X.

In my opinion, Even this $39,000 DIP is good enough rather than not buying at all, don't be a FOMO but think positive in every direction bitcoin went, if there is a dip make this an opportunity to buy more, if there is bull run sell a small amount of your earnings but leave some for you to savor another all time high, but if you don't any coins at all wait for another cycle of dip to come,

Bitcoin cycle can easily be seen you just need to be patient about it, and always remember to buy on dips and sell on the rise.

Yes, that will give us a chance to make a profit. If we can rinse and repeat that process, we will make more profit, and when the real bull run comes, we can sell more amount and make a big profit because the price will have a big pump and increase so high. If we can't see a chance to buy more, we don't need to force ourselves to enter the market instead just to watch the price up and down because if we still try, I am afraid that we can get lost the money.

It is not easy to analyze bitcoin movements as the price now will go wild, making us worry if the price is still going down.

At this time which if you have trading experience you can do intra day trading by investing at small dips and selling portion of btc after price increase which can give you short term small gains and can repeat the same gaining huge.Try to keep half the amount as steady for long term investment and half the amount for making small intra day trades which will eventually give you 2-3x returns.This implies if you are all in for Bitcoin but you can go for some alts also like ETH and BNB which are also following the btc rally so they will also rise soon after market recovers.But the main point is you do invest because we don't know when we will see such dips again.You don't know how much lower it can go but can be speculative and know the gains in long run so don't worry missing at $30k as it will be recovered with market hitting bull period.

Well if you are in margin trading its really dangerous to buy  instantly since we never know if we will see more dips since we could lose for that scenario but if you are on spot and willing to wait for bounce back then I can say its good to buy whenevery you think dip since you can hold your coins whatever happen on the market. I bough bitcoins at $35k and currently earning a profit with bitcoin at this moment.

You need to hold with your investment in case that your target entry fall down for more,  it's not good to panic as it will lead you to lose your money.

There are lots of options aside from Bitcoin and those well-known alts, there are shit projects which also provides
good compensation if you make your entry in the right timing.


Else, it's another risk if you failed to follow those projects best to work more deeper.

Since you have missed the $30k buying price, what you gonna do now? Are you still waiting for it OP?

I think buying at $40k is still a good price to catch before we get back to the bullish season. Because as we can see, the price moves high, I'm not thinking if we get back to the dip again if the market behavior seems to be like this. It is to figure out that we are wrong thinking about history repeats itself as it was obviously the market is changing.

There were many traders and investors who took advantage of buying intelligently in the fall, now today BTC is around $ 41k, the recovery has been incredible, now, many were waiting for the price at almost $ 27k, but things are getting giving otherwise:

https://i.imgur.com/xUIiNkd.png
Source: https://cointelegraph.com/news/bitcoin-price-gains-40-in-a-day-as-altcoins-cardano-and-dogecoin-join-42k-btc (https://cointelegraph.com/news/bitcoin-price-gains-40-in-a-day-as-altcoins-cardano-and-dogecoin-join-42k-btc)

Now you have to pay close attention when people like Elon Musk come out to say anything, social networks and influencers are taking a lot of attributions in market manipulation ...

I dont think so 30k has very strong support and many are waiting to buy your bitcoins once FUD strikes again but I dont think there will be more FUD when China banning btc just like 2017, btc may go parabolic once btc recovers,

Same story repeat again, Bitcoin dumped down to 30k. I’ve only seen this things since 2017 but there is always a recovery. Smart people love this, made such a lot of money in 24hrs. Human conduct doesn't change greed and fear drive the market, so avoid the same past mistake and let’s make that money.

Negative statements only really influence those that were influenced to get into Bitcoin in the first place. Call them sheep, call them what ever you want. However, they likely aren't buying into Bitcoin to use it as a currency or a way of supporting the technology that Bitcoin has implemented. They wanted to make money, and the first time there's any resistance to that vision, they'll sell. 

This is then countered by those that are looking to invest, with a optimistic view point for the long term. So, really these statements only effect things in the short term, but really most investors should be looking at the long term, and not a get rich quick scheme.

I bought some at 33.6k levels and I have to say I was ready to buy some more at 28 and 23 as well, I do not have any plans after that, I was considering getting all out if it reached 17k as well, those were my points. Now that it recovered, I am still keeping the same hope, at 120k I am going out. I will not be going out at 120k because I think that is the max it can reach, I know that if I wait, bitcoin price will be a million dollars one day, I am sure of it, I know not anytime soon but can you say it is impossible for it to reach 1 million dollars per bitcoin in 10-15 years?

But I will not be waiting for that much, I am going to go out at 120k because I want to buy something else for investment, I already decided what it is, I do not want to reveal because it is a much worse decision than keeping bitcoin but I will feel a lot better with that one.

Easy to say but would really be hard when we are already on the actual situation because we dont know on how far it could possibly go down further and this is what makes the situation more harder

for us to make out such decisions. Buying the dip sounds pretty simple but due to unpredictability of the market then its really hard to determine on what price should we enter.

For those who had entered on 30k+ then they are the ones who do make money out of this recent recovery that we are witnessing atm.