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Author Topic: Dump the news?  (Read 990 times)
BrewMaster
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August 24, 2017, 02:42:08 PM
 #21

what news? LOL!
i think you have heard something somewhere but you don't really know what they were talking about.
dumping the news means when the good news comes out and price rises, you sell. not a week after the news and after every rise happened and everyone sold and it came down and the bottom was reached and the correction was over and then price recovered back up too!

you like the guy who got the party when everyone is partied out and are leaving and are shouting "lets get this party started".

right now we are getting ready for the launch to the moon.

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August 24, 2017, 03:01:57 PM
 #22

I think the corrections has happened three days ago and I could recalled the price went low to around $375 according to data from most of the trading platform. Maybe we would be moving towards $5000 any moment from now and the next fundamentals issues we may have will be November were another hard fork issue will come up. I don't think we would have another corrections before November but we may have  little take profit time to time.

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August 24, 2017, 03:23:26 PM
 #23

I thought I am going to read things about BCH in their comments but I am wrong.
Looks like different opinions are being thrown here.
I see a lot out there telling it is because of the investors switching to BCH and the miners too.
I dont care much about this price that is going down, that is why I dont want to see the exchange into how much bitcoin is right now in USD. I would rather just hold it and wait for the spectacular fireworks that will come when we are all celebrating.  Grin

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August 24, 2017, 03:25:24 PM
 #24

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

No dump imo. Why? Because weren't going parabolic to 6k+. Everything is priced in, the market knew SegWit was coming and in between the upwards movements which partially had been pretty steep, we saw regularly cool downs.
So imo the actual price is pretty fair and can not see any crazy dumping happening without any siginificant reason. The next thing we need to pay attention to will the 2x/NYA FUD and their coming fork in November. This will definitely influence and shake the market again.
I already accustomed to such jumps. This year there is certainly a lot, but I always keep calm and after the fall of bitcoin always rewards its supporters by raising prices. People are to blame for the fact that bitcoin has become an object for speculation.
No such investment commodity is free of speculations. When we talk about a decentralized market, situation rather intensifies. Bitcoin can't really be free of speculations and speculations indeed play an important role in driving the price.

I don't think there is any reason left today for any dip. Correction have already happened when Bitcoin went to $3700. Everyone is keeping the July dip as an example of a correction that happens when Bitcoin is allegedly "pumped". But the July dip wasn't a natural correction. It happened because of decrease in demand due to Fork uncertainty. Leaving that month Bitcoin was continuously in uptrend this year with some really short termed dip. This shows there is a genuine increase in demand and thus surge in price is genuine and not a pump. This trend will continue further because now Bitcoin is becoming more and more popular.

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August 24, 2017, 03:29:41 PM
 #25

Everyone followed the rule "buy rumors, sell the news" but they sold a little early and the dump already happened, down to $3600

Better buy before new ATH are reached.



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August 24, 2017, 05:21:26 PM
 #26

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?
I think correction is already over when it dips below $4k few days ago. Now price might get another round of pump which can push price to over $5k easily. Like speculated by many price will be over $6-7k by end of this year, last round of pump was not fueled by only high speculation and hype over segwit activation.



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August 24, 2017, 08:49:32 PM
 #27

Everyone followed the rule "buy rumors, sell the news" but they sold a little early and the dump already happened, down to $3600
Better buy before new ATH are reached.

The problem is that the price rise has been particularly sharp over the past month, and even over the past 8-10 months. So people are hesitant to buy at these levels. They will eventually come in.  Smiley


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August 24, 2017, 09:10:04 PM
 #28

sorry bra the correction has already happened down to $3600 and the "hammer" of Thor is also visible after it Wink



Although the correction has already happened when the price down to $3600 but i think we still not at safe position may be we will see dump again because the price looks not really strong and some people still keep trying to dump the price.

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August 24, 2017, 09:39:43 PM
 #29

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

I'm torn. On one hand, this looks like a bullish consolidation. We also had a big wick off $3600, indicating a lot of buying pressure. But the longer a flag/top consolidation gets, the more often it tends to break down. So I think there is a decent chance that we get at least a pullback to build support at $3,800-$4,000 if we don't get a retest of the bottom. But I'd still expect to to continue up after this.

On the other hand, you might be right. Maybe it's a "sell the news" event. We did rise considerably with the BIP91 hype and Segwit lock-in... now that it's all done with, who knows?

All i know is, I'm happy if it dumps.....I would love to buy some in the $3,000s. Smiley

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August 24, 2017, 10:00:44 PM
 #30

Better buy before new ATH are reached.

True, I never know where is the dip. I just wait days, lost my pattience and then think that is the dip, and buy right there, just to see it falling again.

Actually $4100 seems to be the floor. Market is just taking time before it goes high. But I might be wrong.
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August 24, 2017, 11:31:12 PM
 #31

Better buy before new ATH are reached.

True, I never know where is the dip. I just wait days, lost my pattience and then think that is the dip, and buy right there, just to see it falling again.

Actually $4100 seems to be the floor. Market is just taking time before it goes high. But I might be wrong.


It's anyone's guess in the short term. I really can't tell from sentiment; it's very mixed right now. If this were going to form a Wyckoff-type distribution top (an M-top), we would start seeing resistance soon.

I'd agree that support at $4,100 looks solid. I think we all can see that Bitcoin is going to go considerably higher, but it's really hard to predict the short term. I wouldn't even be surprised if we stagnated here ("sell the news") and ran stops below $3,600 before continuing up. Wouldn't that be the perfect troll? Tongue

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August 24, 2017, 11:45:11 PM
 #32

Better buy before new ATH are reached.

True, I never know where is the dip. I just wait days, lost my pattience and then think that is the dip, and buy right there, just to see it falling again.

Actually $4100 seems to be the floor. Market is just taking time before it goes high. But I might be wrong.

There is no dip happen since there are many newbies trying to make a thread that bitcoin is dying just to try to panic sell bitcoin they can't buy cheap bitcoin right now because of the improvement added and now the segwit activation was activated done from few hours ago i think we will see much more price increase these coming days instead of the price dip..
Well the movement of the price right now are normal so i don't think if it is good to sell bitcoin instead if we seen the price down better to buy just to make more investment and sell when the price increases more..

=Bitcoin is going to crash? base on other analysis so expect for huge drop=
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August 25, 2017, 04:01:32 AM
 #33

sorry bra the correction has already happened down to $3600 and the "hammer" of Thor is also visible after it Wink

[i m g]http://i.imgur.com/SxUSXIv.jpg[/img]

Although the correction has already happened when the price down to $3600 but i think we still not at safe position may be we will see dump again because the price looks not really strong and some people still keep trying to dump the price.

sorry to disappoint you but the drop time is over and price has started to move upwards. currently it is above $4300 as i am typing this and there is a bigger chance that it will soon try to test the ATH and probably even break it to reach new records in history of bitcoin.

of course there is always a chance of drops but if we are speaking of chances here then the chances of reaching $5000 is 100 times bigger than the chances of price going below $4000 again!!

nidacoinlove
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August 25, 2017, 04:53:53 AM
 #34

Not the correction this time mate, now things will go for some other things, the correction has already happened and now the bitcoin is rising price once again, this price gain may be continue for the next couple of weeks and then will we see the pre-effects of hardfork. So, for now things will be kept going smooth most probably but can change in the mid Sep.

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