Support did not hold... But don't panic.

[erikalui]

if it fall to sub 200 you can start to buy, it's a good price to enter the market and start buying in big chunks

just my opinion i could be wrong here

It's not recommended to buy a lot of bitcoins at $200 as it's going to further reduce (most probably) and the buyer will be in a huge loss. One can hold bitcoins now instead of buying more bitcoins.

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[Amph]

if it fall to sub 200 you can start to buy, it's a good price to enter the market and start buying in big chunks

just my opinion i could be wrong here

It's not recommended to buy a lot of bitcoins at $200 as it's going to further reduce (most probably) and the buyer will be in a huge loss. One can hold bitcoins now instead of buying more bitcoins.

well i said sub-200 not at 200, it won't drop to double digit ever, because that was a solid point from which the pump of 1200 started, so the 100-200 range, is a must buy as many btc as you can

[dothebeats]

there is no support apparently, those are whales making fake walls, and playing like crazy with other whales, while chinese are dumping big bag everyday, from mining

in the end this market has no panic selling left, the dumping is just a combination of miners dumping and wall manipulating

it's a game between miners and whales nothing else

Then what is everyone else supposed to do?

if it fall to sub 200 you can start to buy, it's a good price to enter the market and start buying in big chunks

just my opinion i could be wrong here

Sub-$200 seems to be an ideal entry point for those who want to make it big this time. Also, I don't think we will reach lower than $150 if the price continue to tanks, as many people will consider buying at even $180 before the train goes. It's hard to wait for an even lower price, you don't know when you'll be left behind by the train.

Near a thousand of $ in btc alone. Not even a sweat.

[farting_shot]

Panic is your body's way of making sure you stay alive. You all should panic. Btc can only go down in value. There's no hope for it. Only those who stand to benefit by your fool-hardy way of HODL'ing tell you otherwise. Don't be a bag-holder.

[srgkrgkj]

Panic is your body's way of making sure you stay alive. You all should panic. Btc can only go down in value. There's no hope for it. Only those who stand to benefit by your fool-hardy way of HODL'ing tell you otherwise. Don't be a bag-holder.

Hmm i agree with the need for panic but the reasons for panic are completely unjustified lol Bitcoin has been thru this many times it will make it !!!

[ensurance982]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

[tokeweed]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

[ensurance982]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

No, not at all! We're currently in a very difficult situation. And although I would have expected things to go further down, things look pretty fragile, still. I'd wait for things to blow over first, or wait for further confirmation!

[Amph]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

i would buy some  and i would increase my buying the more we fall, we shouldn't fall too much in theory, we should floating around 150-200 in the worst case if another crash happen, but i'm confident that the previous crash(180) will not be surpassed

[tokeweed]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

i would buy some  and i would increase my buying the more we fall, we shouldn't fall too much in theory, we should floating around 150-200 in the worst case if another crash happen, but i'm confident that the previous crash(180) will not be surpassed

Nice strategy. I guess averaging would make perfect sense if it doesn't fall by a lot.

[ensurance982]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

i would buy some  and i would increase my buying the more we fall, we shouldn't fall too much in theory, we should floating around 150-200 in the worst case if another crash happen, but i'm confident that the previous crash(180) will not be surpassed

Nice strategy. I guess averaging would make perfect sense if it doesn't fall by a lot.

People call this strategy "a good strategy" but also "bag holding" and tell people they have gambling issues. If you actually invest in BTC in the longterm and only invest what you're willing to lose, this strategy does indeed make a lot of sense!

[tokeweed]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

i would buy some  and i would increase my buying the more we fall, we shouldn't fall too much in theory, we should floating around 150-200 in the worst case if another crash happen, but i'm confident that the previous crash(180) will not be surpassed

Nice strategy. I guess averaging would make perfect sense if it doesn't fall by a lot.

People call this strategy "a good strategy" but also "bag holding" and tell people they have gambling issues. If you actually invest in BTC in the longterm and only invest what you're willing to lose, this strategy does indeed make a lot of sense!

Yup.  Every bitcoiner should be doing this.

[Amph]

I'm far more surprised at what price there actually was support! I don't think there are many trendlines that predicted this kind of behaviour, which makes me think that this really may be a solid bottom of some sort.

Are these levels a really good time to buy?

i would buy some  and i would increase my buying the more we fall, we shouldn't fall too much in theory, we should floating around 150-200 in the worst case if another crash happen, but i'm confident that the previous crash(180) will not be surpassed

Nice strategy. I guess averaging would make perfect sense if it doesn't fall by a lot.

People call this strategy "a good strategy" but also "bag holding" and tell people they have gambling issues. If you actually invest in BTC in the longterm and only invest what you're willing to lose, this strategy does indeed make a lot of sense!

this strategy is aiming at increase bitcoin price, but at one point you must dump some btc to gain your profit(but many actually dump everything they bought), you can call it semi-bagholding

[Q7]

If it goes to 160-180 range and then bounces back up again, that should signal a double bottom. Right now my buy order are placed just above the previous low and there is a likelihood that bitcoin price will test those levels again. So it's a good and bad scenario depends on how you look at it.

[tokeweed]

If it goes to 160-180 range and then bounces back up again, that should signal a double bottom. Right now my buy order are placed just above the previous low and there is a likelihood that bitcoin price will test those levels again. So it's a good and bad scenario depends on how you look at it.

Looks more like a reverse cup and handle to me.

[Amph]

i like too see more the full chart, there is something familiar

[tokeweed]

i like too see more the full chart, there is something familiar

Capitulation...  Looks like we need to go back to October 2012 levels then?

[Amph]

i like too see more the full chart, there is something familiar

snip

Capitulation...  Looks like we need to go back to October 2012 levels then?

what it is worrying me is that we are not even in the despair phase, something along the line of "this is not even my final bottom"

october 2012 is coming next year with the halving

[BitmoreCoin]

Has the price trend reversed?

[tokeweed]

Has the price trend reversed?

Wait for it to go and stabilize above 270 or so...  At least that's what I think.