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Author Topic: Time to buy the dip  (Read 737 times)
eagleman
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October 12, 2017, 03:29:22 AM
 #21

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000?  Cheesy

That's what we call dip waiters, I mean the people keeps on waiting for the dip. It will never get lower again at $3,000 or $4,000 I had agree with Billy that bitcoin's price will be lowest at $4,600 but it's still quite early to wait for the dip while the fork isn't done yet.



The real dip was when when btc fell form $4800(what's it back to now) to $3000

I guess that's the proper dip and it's what we call as the correction and if you are not able to buy at that time, you'll can't move on as we are now skyrocketing.
hello_good_sir
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October 12, 2017, 07:06:54 AM
 #22

Typical retrace when the acceleration of the price is too steep and it fails to crush the ATH mark at first attempt. Well good news for these that still didn't buy, time to buy the dip and enjoy your $5000 coming near your soon. Clear ascending triangle still at work and if you get out now you will make a great mistake. We aren't going any lower. $4600 is the lowest attempt if you want to gamble to get as close as possible to the retrace. If you have been around the bitcoin game for long you should know that taking these chances is a mistake, just buy the dip, this big red candle will not last.

As predicted by you, today we see another shot at $5000.

Resistance is quite strong, as seen before. However, once this resistance is gone, we should not only see bitcoin rise above $5000, but potentially much further up than $5000, along the lines of around $5200-5300.

If there are any more dips below $4750, buy them.

Granxis
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October 12, 2017, 08:35:07 AM
 #23

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

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Denker
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October 12, 2017, 08:52:50 AM
 #24

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

That was a cascade of short liquiditions.
Let the fomo settle and the price pull back for a moment.
And this is a good entry! Why? Because we broke the sideways channel upwards! Actual target for many traders who go long from here will be 6-7k at least!
YuginKadoya
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October 12, 2017, 11:35:33 AM
 #25

You have to be crazy to get bitcoin right now. Within five minutes, the price of bitcoin came to $ 5200. We have to wait a while. Maybe it's a temporary price increase.

That was a cascade of short liquiditions.
Let the fomo settle and the price pull back for a moment.
And this is a good entry! Why? Because we broke the sideways channel upwards! Actual target for many traders who go long from here will be 6-7k at least!

That target price is a near speculation the price might went because it might drop when the Hard Fork comes near then I think that is the best time to buy bitcoin, but for now it is good to hold on to your bitcoin for now until the price ricochets back down.
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October 12, 2017, 12:57:40 PM
 #26

A year ago was $700/BTC.
Do you understand the great painting?

One year ago nobody was giving $1000 but now they suddenly get bored and give $5000?  Cheesy
It is a great painting indeed. Mass adoption is what we will call it. Most people ended up realizing that bitcoin aren't the usual fiat and not a joking matter and decided to look more into it until they realized it is a value worth investing in at this stage and at any price they can get it now. Some of us met it when the value was not much and so many people in the future will even consider today's value as extremely cheap and wish they had gotten in earlier.
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