Bitcoin below $3000: "Good buy" or "Goodbye"?

[Pab]

Good Buy bless you China and all fuders,bitcoin will recover and at the end of Year we will have new high
China is not so much important for btc than all people think.Japanise mining company has 90mln$ budget to start his oparation

[1714949130]

1714949130

[JohnnyUranus]

Hodl and buy the dips! Buy into paper wallets or physical (collectable) coins, that way its easier to hodl the btc. If you hodl on an exchange then you are too tempted to trade  

[d5000]

The current exchange rate of $3700-3900 is again slightly in "bubble" territory. But at a price of under 3000 USD I think it's a good buy for long time investors with money they can afford to lose - those that can forget the coins for some years and then profit when Bitcoin starts the next bullish cycle.

But I think that very likely the $2900-3000 range we saw three days ago will not be "the bottom" (I pretty much agree with this post of ParabellumLite). I expect the bottom to form in the first half of 2018. The bottom (most probably, if there's no bullish or bearish black swan event like an ETF or a fatal bug) can be anywhere between ~$735 and ~$2300, and I consider the $1300-$1850 level the most likely one.

But Bitcoin will only stay at that bottom for some days or, at most, some weeks. Most of the rest of the bear market Bitcoin will be much higher (2300-3500 area), with dips and "intermediate bubbles".

[rjbtc2017]

Now that Bitcoin is hovering around $3000 after reaching a price around $5000 a couple of weeks ago, do you think this a good time to buy (Good buy) or a time to say Goodbye to Bitcoin?

I think it's time to start buying again with this drop. You can get Bitcoins much cheaper than a couple of weeks ago but there are some things to consider. It's possible that Bitcoin won't recover or it could take a very long time. The price could go even lower before it goes back up so maybe we should wait a little longer to buy.

What do you think?

Definitely, It is a good buy a bitcoin drop that made bitcoin's price touch $3000 is an awesome opportunity  to buy bitcoins. and I do not think bitcoin will ever touch $2000 or lower but i am not sure with this, as we can see as of now, if bitcoin dips it will just temporary and immediately it will rally up again to stabilize it's price between $3000-$4000.

[chineseprancing]

Now that Bitcoin is hovering around $3000 after reaching a price around $5000 a couple of weeks ago, do you think this a good time to buy (Good buy) or a time to say Goodbye to Bitcoin?

I think it's time to start buying again with this drop. You can get Bitcoins much cheaper than a couple of weeks ago but there are some things to consider. It's possible that Bitcoin won't recover or it could take a very long time. The price could go even lower before it goes back up so maybe we should wait a little longer to buy.

What do you think?

Definitely, It is a good buy a bitcoin drop that made bitcoin's price touch $3000 is an awesome opportunity  to buy bitcoins. and I do not think bitcoin will ever touch $2000 or lower but i am not sure with this, as we can see as of now, if bitcoin dips it will just temporary and immediately it will rally up again to stabilize it's price between $3000-$4000.

I think I agree on what you said sir, it's time to buy bitcoin because their price now is fall down. Also it was started to raising up again, I believe that on the next year 2018 bitcoin value was raised up into $5000. Moreover I was not panic when bitcoin value decline into $3000 because I trust to bitcoin and I know their potential in terms of marketing.

[e-coinomist]

But I think that very likely the $2900-3000 range we saw three days ago will not be "the bottom" (I pretty much agree with this post of ParabellumLite). I expect the bottom to form in the first half of 2018.

His "paying the energy bill" concerns are on spot, but solveable. Back again on that example mining collocation, they have absolutely no trouble moving their BTC out of China, onto some Taiwan exchange site. I know which they do use, but that's not for this thread.
Buying goods in Taiwan, exporting them into China. Let's say "rice" for heavens sake. Some day China will have to ban rice?
Selling rice, getting Renminbi in exchange. Paying them bills with that. Accomplished.

A nonissue.

The other are sentiments and technical charts. Such a punch as we experienced lately could very well get employed for squeezing out the competition, further concentrating the markets onto a smaller subset of active players. This would form out as a bulltrap following the last ATH. Copy-paste 2013/2014 charts onto today, will look similar.
Just if we are approaching a bulltrap, it's still "Good buy" just now. Something swaneyblackish like Segwit2x Fail later onwards could get us into a hurry, again.

[d5000]

@e-coinomist:

I think he refers to the fact that after the "exchange ban", there will be still a lot of Bitcoin supply originating in China because of the miners, but much less demand because the "ordinary public" will be excluded from Bitcoin (well, some tech-savy nerds and people with special financial knowledge / rich people who can afford international transfers will still be able to "get in" but most others not). As the miners will have to sell their BTC in neighboring countries (like Taiwan, what you mention), these markets could get out of balance and get bearish.

As Bitcoin is still inflationary (and thus to hold the price, we need more buyers than sellers), that can have a (short-term) bearish impact in western prices, too.

In general, I don't see too much signs for a return to the bull market in the coming months - I still think we're in a bounce, and I have predicted in earlier posts that the "cat" can go well over $4000. At about $4300-4400 I would begin to doubt if we're still bearish, but to return to the bull market, technically $4970 must be broken

[yhan2x]

the $3000 marks is the right time to GOOD BUY in bitcoin, in my speculation bitcoin will not down totally in #2500 marks. so in that state, its a big opportunity to buy some bitcoin. and hold it until the bitcoin will rise at his $4000 marks.

[iv4n]

43 people here thinks that now is good time for buying, including me. In my opinion option goodbye wasn't possible, I don't understand where this 3 people come from. Bitcoin is up again and still price is for good buy, I said price until the end of the year will be 7000 dollars or more, so when ever you buy until then you will make profit. Bitcoin is not easy to kill, and some news can make panic here among bitcoin users but not to all of us. Bitcoin is good for holding and people who sell it should do only in a need for some cash, but of not save until bitcoin gets to some higher price because that is coming in next few years. Bitcoin is main topic on all continents, in all cores of society, and is it good or bad is not important as long as they spell Bitcoin correctly, do you know who said that first?

[rjbtc2017]

Now that Bitcoin is hovering around $3000 after reaching a price around $5000 a couple of weeks ago, do you think this a good time to buy (Good buy) or a time to say Goodbye to Bitcoin?

I think it's time to start buying again with this drop. You can get Bitcoins much cheaper than a couple of weeks ago but there are some things to consider. It's possible that Bitcoin won't recover or it could take a very long time. The price could go even lower before it goes back up so maybe we should wait a little longer to buy.

What do you think?

Definitely, It is a good buy a bitcoin drop that made bitcoin's price touch $3000 is an awesome opportunity  to buy bitcoins. and I do not think bitcoin will ever touch $2000 or lower but i am not sure with this, as we can see as of now, if bitcoin dips it will just temporary and immediately it will rally up again to stabilize it's price between $3000-$4000.

I think I agree on what you said sir, it's time to buy bitcoin because their price now is fall down. Also it was started to raising up again, I believe that on the next year 2018 bitcoin value was raised up into $5000. Moreover I was not panic when bitcoin value decline into $3000 because I trust to bitcoin and I know their potential in terms of marketing.

According to some people that inclined on cryptocurrency and cryptocurrency enthusiasts that this year bitcoin will be stabilized on the range of $4000-$5000 upward, but i cannot assure with this assumption, since a lot of big companies may have the potential to bitch out and do some jerky moves like what JP Morgan did.