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Author Topic: Market Correction Is Best Time To Buy Bitcoin  (Read 316 times)
coinkhoj (OP)
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October 18, 2017, 07:22:56 AM
 #1

If anyone planning to buy bitcoin at cheap rate, better to buy at market correction. Every 10 - 15 days market correction occurs and again bitcoin rocket going upward, so it will better for whom wants bitcoin at cheap price.
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October 19, 2017, 05:43:57 AM
 #2

Yes Bro, I am always playing this game and booked profit from it.
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October 19, 2017, 05:48:21 AM
 #3

Where is this market correction?.
There was small correction yesterday, where big sharks and fund managers was selling in wholesale quantity.
I saw this big hard-core selling at Bitstamp.
But, today, BTC is back to over $5600 at Bitstamp.

If you look for correction, take a look at shitty coins issued in hundreds of millions for no purpose.
There are tons of corrections, each day.  Grin

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October 19, 2017, 05:53:38 AM
 #4

Where is this market correction?.
There was small correction yesterday, where big sharks and fund managers was selling in wholesale quantity.
I saw this big hard-core selling at Bitstamp.
But, today, BTC is back to over $5600 at Bitstamp.

If you look for correction, take a look at shitty coins issued in hundreds of millions for no purpose.
There are tons of corrections, each day.  Grin

Correction is over. Yesterday though is a good buying point. But now bitcoin has regained and trading above $5600 now. I just hope that there are investors who took advantage of the situation yesterday to get bitcoin at discounted price. And after a roller coaster ride a few days ago before the price correction, I think it has consolidated and going to $6000 that way I see it.









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October 19, 2017, 05:58:36 AM
 #5

Yes, yesterday already the correction is over and many people are waiting for Bitcoin segwit and waiting for the price dip in the market. Before and after segwit the price of Bitcoin will reduce again.

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October 19, 2017, 05:58:47 AM
 #6

If anyone planning to buy bitcoin at cheap rate, better to buy at market correction. Every 10 - 15 days market correction occurs and again bitcoin rocket going upward, so it will better for whom wants bitcoin at cheap price.

You gonna act fast bro, otherwise you will miss the opportunity to get bitcoin at a low and cheap price because it will not stay that long because investors are taking advantage of it. I wasn't able to buy not that I consider the price is still too high (above $5000) but unfortunately, I don't have funds to buy it yesterday.  Sad

Where is this market correction?.
There was small correction yesterday, where big sharks and fund managers was selling in wholesale quantity.
I saw this big hard-core selling at Bitstamp.
But, today, BTC is back to over $5600 at Bitstamp.

If you look for correction, take a look at shitty coins issued in hundreds of millions for no purpose.
There are tons of corrections, each day.  Grin

Correction is over. Yesterday though is a good buying point. But now bitcoin has regained and trading above $5600 now. I just hope that there are investors who took advantage of the situation yesterday to get bitcoin at discounted price. And after a roller coaster ride a few days ago before the price correction, I think it has consolidated and going to $6000 that way I see it.

Yeah, the price is back at $5600 all over the trading exchanges. Community doesn't want bitcoin to go lower than $5000 again. Now the best thing is to just hodl and wait till the price hits $6K before the fork.

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October 19, 2017, 06:05:29 AM
 #7

....  and many people are waiting for Bitcoin segwit and waiting for the price dip in the market. Before and after segwit the price of Bitcoin will reduce again.

Why do you think that SegWit will cause price correction?
When I see the trading patterns at Bitstamp, Bitcoin price is more determined by sharks and fund managers getting out of investment (from time to time, like yesterday) than influenced by banal event like SegWit implementation.

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Nawaytes
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October 19, 2017, 06:13:13 AM
 #8

Not really, depending on the frame we use. If we used to see the chart at 15m, the result will be different on the chart in D1 and in D1 the correction doesn't happen every day. That means depending on our investment plan, if we are investing for the long term then we almost don't depend on small correction / rebound (actually be used for scalping).
Although I almost agree with your opinion that the correction is the best time to buy, but in the world of cryptocurrency it's not a guarantee because it could be the price will still go down far and make us lose.
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October 19, 2017, 06:17:44 AM
 #9

Yes, yesterday already the correction is over and many people are waiting for Bitcoin segwit and waiting for the price dip in the market. Before and after segwit the price of Bitcoin will reduce again.
This is an opportunity we can take. this opportunity can make us get a chance to get a cheap price. buying Bitcoin at a cheap price can certainly make us happy, this cheap price can make us buy a lot of bitcoin and this can give us an opportunity to be able to sell bitcoin when the price increases. I want to earn a lot of money and a deep price correction will make a great opportunity for us. and after Segwit bitcoin prices will likely again increase, this is our chance to be able to sell bitcoin much higher than when we buy it.
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October 19, 2017, 07:03:24 AM
 #10

i think it's not over yet,even we should said it's the beginning of the 'true' correction,
if you look at 1D chart,you will see we're at the peak right now and slowly moving downward.
but i might be wrong,because everything can be happen in Cryptoland.
if you want to get into it,i suggest you to wait a little bit or a few days later on,
because i believe the price will be down to around $5000~5200 or around that point.

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October 19, 2017, 07:33:08 AM
 #11

I totally agree. You can easyly see this market correction on daily charts and weekly charts.
As bitcoin is valotile you need to use D1 or W1 time period to catch price actions.
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October 19, 2017, 08:34:40 AM
 #12

This is one of the best time to buy bitcoin and i am always doing this kind of strategy. When the price of bitcoin goes up very high and if i will know that it is just a hype then i will wait for a little big longer for the market to have some corrections on its price and when the market will finally show some correction and dips then i will buy bitcoin and sell it on a pumping situation again.
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October 19, 2017, 09:35:41 AM
 #13

If anyone planning to buy bitcoin at cheap rate, better to buy at market correction. Every 10 - 15 days market correction occurs and again bitcoin rocket going upward, so it will better for whom wants bitcoin at cheap price.

Yeah this is called "BTFD-Buy The Fucking Dip".
If you can you can catch the bottom there is always some nice profits you can make.
But this is not that easy as some may think and needs a strong mentality and experience.
It may good to join some of the big trade communities out there, if you stick with them for some time you can learn a lot.
coinkhoj (OP)
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October 21, 2017, 06:33:36 PM
 #14

HitBTC Already started B2X/BTC Pair. I am still confused about it, Even that coin still not created how hitbtc allow to trade it before launch?
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