Brace yourself, attack at the 9230 low is here!

[zazzbg]

On the brighter side of things, we can grab some cheap BTC and we don't need those weak hands. 

Exactly. Great price to buy some more. Besides this dip was to be expected and it IS BECAUSE OF CHRISTMAS!!!

Christmas is done, we are now going into Feb.

A drop from $20k to $9k is not because people spent too much on presents!

You never get the joke that this guy is pulling at you...

[slashz9]

I think people will wait for the price to rise again, not for people who panicked quickly for example they bought at 9000 price and bitcoin prices have now touched 8000 an they surely sell it in the hope of minimizing losses as soon as possible.

[gabmen]

Christmas is done, we are now going into Feb.

A drop from $20k to $9k is not because people spent too much on presents!

Haha of course I was being sarcastic. This is what tons of idiots wrote when BTC was dipping from 20k to 17k. That it was a GREAT time to buy and that it was just normal christmas selling. Those same idiots again are saying it's a great time to buy now. They'll keep saying that while BTC crashes lower and lower till it's gone.

Lol. Well i imagine getting in at 17 or 18k. The horror of it if i'm constantly monitoring the price of btc going down. It probably will still go lower and i don't think its a bad idea to buy at this range up to 5k if it even goes that low. I just think that people need to be aware first of where they're placing their money in by doing studying instead of just riding hypes. If you believe in btc, then you can just close your eyes and breath until this crash competes its course

[1Referee]

I just think that people need to be aware first of where they're placing their money in by doing studying instead of just riding hypes. If you believe in btc, then you can just close your eyes and breath until this crash competes its course

People don't care to do proper research before they invest into something, that we have seen plenty of times already. The problem with people is that they don't know Bitcoin, and don't know how hostile this market from time to time can be. For that reason people will keep selling during a crash, and buy back their coins at near peak levels at a later point to repeat the cycle. No need to close your eyes. If people can't handle this market, they shouldn't be here. I am happily looking forward to a further decline as this allows me to buy back more coins with the funds that came from securing profits at +$15,000 levels.

[el kaka22]

We're almost at the previous low of 9230 now. Below that is the abyss of death awaiting ...

Abyss of death? Phew! I really do not see any catastrophic situation happening with bitcoin even if it goes lower and all these words to me just seems to generate FUD, if that is your intention, then you have absolutely failed. If I could have been able to hold at this point, I really do not see anything that would make me sell even if it gets lower, so you can shove your abyss wherever you want to.

FUD   

I wonder those listening to all these FUDs this time around. The bears may be trying their best, but at some point, they will end up getting tired. So, whichever way, I guess we just have to see. Even if this point does not hold, who cares? If it does, well, let's see if we are going to be able to break past the first resistance. Whichever way, no reason to panic.

[sjefdeklerk]

Abyss of death? Phew! I really do not see any catastrophic situation happening

You did see we crashed to $7500 ? It bounced hard back but it's now tanking hard again, I think we'll see new lows soon.

[richardsNY]

You did see we crashed to $7500 ? It bounced hard back but it's now tanking hard again, I think we'll see new lows soon.

It's not tanking hard again. Traders who bought at the bottom just secured a quick +10% in profits, and that's basically causing the market to come back down a bit. It may turn out that we'll still set a newer low, but it won't be a lot lower. I know calling bottoms doesn't really represent any actual valid market information, but let's for now just assume that $7000 will be the lowest point. It's proven wrong until it's actually proven wrong. If the market drops even below that level, I personally believe that we'll hit a point where the market is clearly oversold not long after that. I will definitely look to buy some more coins in case it falls down further.