Feeling good about the dip / down

[vasrasus]

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

It's too fast on dipping that means a too fast on increase too. It should be the effect of its dump. A great increase in the future. Once btc recovered from the Chinese issue everything will be back to normal.

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[wurth]

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

Bitcoin can reaches to $10,000 target if the price of it does not drop bellow $3,000 in long time, because it will make the momentum of Bitcoin created earlier from earlier this year will be broken.

[Casabrandy]

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

Bitcoin can reaches to $10,000 target if the price of it does not drop bellow $3,000 in long time, because it will make the momentum of Bitcoin created earlier from earlier this year will be broken.

Unfortunately it is nearly $3000 now and it might realy get too dip and will be hard for it to recover for long. Will just keep my btc on it and will wait when it will be possible to increase again even it takes forever.

[denny27]

Actually i feel less good when i see a decreasing on bitcoin price, but i believe because bitcoin price which fluctuating for sure bitcoin will being risen back on price. I just consider this, maybe bitcoin price movement at the moment teststing our patience on holding our bitcoin, before the price goes back up next.

[owengtam09]

dunno about you but i dont like losing money..

Maybe because he wants to invest and buy bitcoin because this is the right time to invest bitcoin because we all know that bitcoin has already a potential to reach up to $4500.

[LFC_Bitcoin]

Not enjoying the dump (it's not a dip, this is a full blown dump). The only tiny positive for me is that I'll probably try & load up again with any spare fiat I can muster up if it goes below $2,500.

[QuintLeo]

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.

 It's confirmed enough that BTC China has announced they are shutting down ALL operations by September 30.

 I won't be shocked to see $2000 - but I'm not really expecting Bitcoin to dump quite THAT far.


 Here's the REAL question - if the Chinese government DOES try to ban Bitcoin (which has been rumored by a few places over "capitol flight" and "funding illegal activity" worries), what happens to Bitmain BW.com and the other miner manufacturers in China?
 Innosilicon can just revert to their pre-mining semiconductor house status, but most of the rest don't HAVE a fallback position....

[QuintLeo]

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.

 All 4 of the major Chinese Exchanges ANNOUNCING that they are "shutting down all trading operations" over the next month and a half seems to be strong confirmation to me of some sort of issue in China.


 On the other hand, there is one rumor that it might be some sort of "licensing issue", or just more regulatory crackdown on the part of the Chinese Government trying to stop "capital flight" instead of them being willing to make the STRUCTURAL CHANGES they need to make to fix the long-running issues in their economy.

 Of course, most of those "structural changes" would make it likely that the hold on power by the Chinese Government would end fairly quickly....

[hatshepsut93]

Not enjoying the dump (it's not a dip, this is a full blown dump). The only tiny positive for me is that I'll probably try & load up again with any spare fiat I can muster up if it goes below $2,500.

It's both a dump and a dip, because the price has dropped quickly, around 25-30% in one day, but it also recovered to a new level, which is lower than the previous stable $4,300-4,500 zone, but still higher than where we were before the start of this SegWit rally. Right now the market is very uncertain, because the price might return to the growth trend, or may drop further. Right now there seem to be many interested parties, and we have all kinds of rumors and news every day - some parties want to embrace Bitcoin, others want to regulate and restrict it, some even call it  a "fraud". But whatever is happening, Bitcoin is getting attention, and it's good, because more people will be joining the market soon.

[BigBos]

the only thing I want to see when the price goes down is the altcoin price increase. but, perhaps, this decline does not have much effect on altcoin, in fact some of the price of altcoin is down. well, but I still always monitor the price.

[alyssa85]

 Here's the REAL question - if the Chinese government DOES try to ban Bitcoin (which has been rumored by a few places over "capitol flight" and "funding illegal activity" worries), what happens to Bitmain BW.com and the other miner manufacturers in China?
 Innosilicon can just revert to their pre-mining semiconductor house status, but most of the rest don't HAVE a fallback position....

They are businesses, so they can easily just set up operations abroad - Chinese businesses are allowed to have overseas subsidiaries.

[Gedtamin]

Not enjoying the dump (it's not a dip, this is a full blown dump). The only tiny positive for me is that I'll probably try & load up again with any spare fiat I can muster up if it goes below $2,500.

I think the $2500 is very low price, the price will not drop below that for considerable time. I will start buying when the price is below $3000.

[ButtCrack]

Not enjoying the dump (it's not a dip, this is a full blown dump). The only tiny positive for me is that I'll probably try & load up again with any spare fiat I can muster up if it goes below $2,500.

I think the $2500 is very low price, the price will not drop below that for considerable time. I will start buying when the price is below $3000.

Very low price in this month but it does not mean will be bottom price in next month! The bottom price in September can be highest price in October, it very normal if Bitcoin changes to bearish trend.

[xFiber]

Not enjoying the dump (it's not a dip, this is a full blown dump). The only tiny positive for me is that I'll probably try & load up again with any spare fiat I can muster up if it goes below $2,500.

I think the $2500 is very low price, the price will not drop below that for considerable time. I will start buying when the price is below $3000.

Very low price in this month but it does not mean will be bottom price in next month! The bottom price in September can be highest price in October, it very normal if Bitcoin changes to bearish trend.

Yep, it's very much possible that we will see a chain of red months. Bitcoin has made a strong bull run for the past 2 years and now it's about time to recover a little bit. We all know parabolic isn't sustainable in the long run so the 'dip' we're seeing here is 100% healthy so I'm happy to see that.

[aardvark15]

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.

A long term recovery doesn't bother me. I plan to hold long term any way. A gradual increase is probably more healthy for Bitcoin because there will be less volatility if that happens.

Even if it takes a year to get back to $5000, that will still be a good percentage increase if you look back a couple of years. The only bad thing about a slow gradual increase with fewer fluctuations is that trading is almost impossible. You need ups and downs to make money trading. If you don't have that, you would need to just buy and hold.

[JohnBitCo]

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.

Its true if it goes to parabolic, it will take enough time to recover.On the other hands it can increase the number of buyer. People may start buying more BTC and hold them long for sure. But can give no profit to Seller. On my point of view it can decrease the number of sellers because nobody want to lose money.

[ckorbba]

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.

Its true if it goes to parabolic, it will take enough time to recover.On the other hands it can increase the number of buyer. People may start buying more BTC and hold them long for sure. But can give no profit to Seller. On my point of view it can decrease the number of sellers because nobody want to lose money.

day is very relevant for those who want to develop in the world of crypto-currencies. But even new users will be able to buy Bitcoin at a low price, and then trade coins or store up to the next maximum peak. I think that I need to take a negative look at the current situation with the drop in prices for Bitcoin.

[JL421]

Not at all this dip means even the price of altcoins will fall and whenever that happens i always panic because most of my funds are in trading and whenever something has happened to the price of bitcoin in past it had direct affect on poor altcoins which means more loss for me