Feeling good about the dip / down

[randy8777]

Most of the people complaining about the declining price are likely those who bought at the top, or very close to it. It is like these people were thinking that despite the major surge of the last months the market would continue to gain value. If we look at previous rallies, all of them have resulted in a sharp decline afterwards. If the market reaches a point where people aren't willing to pay top dollar for Bitcoin, the price will come down as natural result. It's all about supply and demand.

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[mk4]

3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week.
Very bad news can drive the price down to about 3000$ though.

imho

The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD.

[Carlsen]

3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week.
Very bad news can drive the price down to about 3000$ though.

imho

The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD.

What might be a little unfortunate for the further developement is that the newcomers who bought high and sell now low will not come back.
They will leave with a negative impression of the crypto currency world, and they will share that impression with their friends.
That kind of bad publicity will need soem time to get out of the peoples heads.
Personally I am countig on businesses and banks to enter bitcoin in the near future. They don't get scared so easily.

[Baofeng]

3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Down to $3700 now. It didn't hold at $3800 so let see how the market react. I don't know if we hit at lot $3300 though. I'm optimistic that $3600 will be the floor. On second thought, this is really a perfect time to buy while its still down at the moment. We all know that this panic sell will not last and just be temporary and we may touch $5000 again who knows. But we must face the challenge today and see how investors would react. As other feel good seeing this dip because they can now come and they will be the fortunate one because once everything settles down and hit ATH is gonna be huge profit.

[Armstand]

3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Down to $3700 now. It didn't hold at $3800 so let see how the market react. I don't know if we hit at lot $3300 though. I'm optimistic that $3600 will be the floor. On second thought, this is really a perfect time to buy while its still down at the moment. We all know that this panic sell will not last and just be temporary and we may touch $5000 again who knows. But we must face the challenge today and see how investors would react. As other feel good seeing this dip because they can now come and they will be the fortunate one because once everything settles down and hit ATH is gonna be huge profit.

It will tpuch $5k again but it will take time, I will just buy some when I got my salary than to regret not cashing it out early. Will not be looking on the price for this month.

[shield132]

if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.

I see that perspective for but this time waa very bad for me since I was going to sell now for some reasons but really don't know what to do. Maybe I have to hold it for some years and don't use that saved money for my needs. Don't like this fall but it seems like you said we will see a big high again but I am afraid it won't happen in near future, it will be after next halving and will reach more than 10 000$, I believe this.

[warr1979]

3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Down to $3700 now. It didn't hold at $3800 so let see how the market react. I don't know if we hit at lot $3300 though. I'm optimistic that $3600 will be the floor. On second thought, this is really a perfect time to buy while its still down at the moment. We all know that this panic sell will not last and just be temporary and we may touch $5000 again who knows. But we must face the challenge today and see how investors would react. As other feel good seeing this dip because they can now come and they will be the fortunate one because once everything settles down and hit ATH is gonna be huge profit.

It will tpuch $5k again but it will take time, I will just buy some when I got my salary than to regret not cashing it out early. Will not be looking on the price for this month.

Yeah, you do not need to check the price of Bitcoin everyday, it just waste your time while you can spend this time for earn extra Bitcoin.
The price of Bitcoin cannot increases or decreases forever, it depends the supply and demand on the market.

[omonuyak]

if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.

 You are saying and speaking like a professional! Many people do not understand the technicality of illiquid assets markets and because of this most of them lose heavy amount of money every time assets like bitcoin price take them unaware.  The further we go down the more expectations raise that bitcoin will break the next resistance after a correction. You should be patient with the market and allow the market to reconcile itself from a fall.

[Adbitco]

dunno about you but i dont like losing money..

If you dont like on losing money or going down investments then bitcoin isnt really for you because we all know here that prices do really dips and price corrections do really happen.If its parabolic as being said recovery might really be seen soon and would takes time to recover but instead of worrying better to see this as an golden opportunity to buy more cheaper coins and be ready on the new ATH later on.Patience is a must on this kind of investment.

Yes I agree the current dip shouldn't be disheartening, it should be taken as an opportunity to buy more bitcoins and hold the already acquired ones. We have already experienced something similar in the past and bitcoin will reach a new ATH price soon. Just keep patience.

[QuintLeo]

Given that the current dump is based on widespread rumours of China banning bitcoin exchanges in their countries, and on a STATEMENT by a "voluntary group" associated with those regulators that "bitcoin exchanges have no legal basis for existance", I suspect the current "dip" is going to get a LOT WORSE before it starts recovering.

[Anfisman]

To be honest I'm starting to worry about seeing the current bitcoin prices, because bitcoin prices have continued to drop significantly in the last few days, I hope this does not last long.

[wildflower18]

To be honest I'm starting to worry about seeing the current bitcoin prices, because bitcoin prices have continued to drop significantly in the last few days, I hope this does not last long.

Many have been worried with the current price that continues to drop. Im also worried but I think and hope that price will rise again. If I sell now I would be more suffer of losing instead I just calm and wait to rise its value again.

[BitMaxz]

To be honest I'm starting to worry about seeing the current bitcoin prices, because bitcoin prices have continued to drop significantly in the last few days, I hope this does not last long.

Many have been worried with the current price that continues to drop. Im also worried but I think and hope that price will rise again. If I sell now I would be more suffer of losing instead I just calm and wait to rise its value again.

I think the price of bitcoin will not increase big but it can be increase increase few and reach back $4k value the price from okcoin is $3,818 so i think thisi s the final wave of the price of bitcoin.. and i think the price of bitcoin can increase soon a little and hit back to $4,000
For now better to buy more bitcoin because this is the last time that we can buy a cheap price of bitcoin again.. This is also happening from the past they bitcoin are always having some crisis but it will be increase back again and the price can be increase more than $4k remember from last year when blockhalving and the pork in august 1 the price was increase after the events..

[error08]

Bitcoin may recover to $5000 in the next month, do not worry about it.
Most people who have sold their bitcoins are looking for a new cheap entry point to buy back more coins, after bitcoin reach the bottom, it will start to rebound again, it's a game of time. Whoever could sell at highest point and buy back at the lowest dip will have huge profits obviously.

[rhamzter]

Bitcoin may recover to $5000 in the next month, do not worry about it.
Most people who have sold their bitcoins are looking for a new cheap entry point to buy back more coins, after bitcoin reach the bottom, it will start to rebound again, it's a game of time. Whoever could sell at highest point and buy back at the lowest dip will have huge profits obviously.

I was not worries regarding fall down of bitcoin price because I believe that before end of this September month, bitcoin price was recover. Even though value of this coin is declining I already support it because I believe to their potential.

[Pearls Before Swine]

Yeah. I'm not feeling bad whatsoever about this dip.  These are
healthy for the market, if not for newbies' sanity.  You have to
keep things in perspective.  The price was sub-$1000 not all that
long ago, so bitcoin has grown a lot in a very short time.  Too
much growth, too fast isn't healthy.

[Beparanf]

Yeah. I'm not feeling bad whatsoever about this dip.  These are
healthy for the market, if not for newbies' sanity.  You have to
keep things in perspective.  The price was sub-$1000 not all that
long ago, so bitcoin has grown a lot in a very short time.  Too
much growth, too fast isn't healthy.

When it increase too fast,it easily decreased too like what's happening now, i thought once it touched $4k it will never fall back into it but it does dipper. So it's better a slow increase

[crazylikeafox]

I guess they were right for calling the $3.3k value like more way below than that, its blood on the streets. Gotta buy in the deeps who knows when this regulation fear dies off.

[Pasnik]

I guess they were right for calling the $3.3k value like more way below than that, its blood on the streets. Gotta buy in the deeps who knows when this regulation fear dies off.

Yes buy on the deep while the price is cheap. But you know we cant tell when is the time that price will be high again. It is the matter of taking a risks in buying the btc or never.

[jubalix]

with this sort of dip, I see the possibility of a 10K in the near future