Recent dumping of bitcoin : how to take advantage of it

[Dorisebere]

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago.  This is where traders make their profit,  buy when it's dumping and sell when it's pumping.  Buying now will be great to sell in few days time when the value increases. 

[asdlolciterquit]

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago.  This is where traders make their profit,  buy when it's dumping and sell when it's pumping.  Buying now will be great to sell in few days time when the value increases. 

if everyone know when to sell and when to buy...we all be rich. But reality is different.

We all want to sell high e buy low...but how many of us are able to do it?

[wiser]

You have to be very patient, and willing to hold onto your coins when others are panic selling. In general, when you see the price shooting up really fast you can expect it to correct at some point. But you don't know when. So you sell when the run up seems to be slowing down. You most likely won't hit the top, but that's OK. Likewise, when it's falling, you try to buy when it's settled down a bit, and most likely the price will continue to fall some after you've bought in, so you have to let that go and hold on until you see the price rise again. Some people are cut out for that sort of thing and others are not. A lot of people are not cut out for that, which is why those who are get rich.

[Ruetli]

I believe that Bitcoin below $10k is a strong buy. The question is when to sell. Aiming near the top before correction is much more difficult.

[lucifochrome]

taking advantage of it is as simple as buying at low and selling at high but that is in theory, in reality it is hard because we have to predict how the market will perform, honestly i thought it will reach 12K before dumping but 11K then dumped i guess i predicted that wrong, if you have patience you will make a profit, for short trading you can just add bitcoin when the price dumped and sell some when the price rise back up.

[RobbieDK]

How to handle those crashes?

The most easy strategy it:
- HODL your power hitters;
- Use those moments to convert FIAT to BTC for dirty cheap extra power hitters to upgrade your army

[pixie85]

I'm not so sure about that so I'm not buying. I have bought some of my coins early this year and decided to hold. I was hoping for 8k USD at the most but it went much higher which got me a bit concerned that at least the last 3k must consist of new users ready to dump at any moment. I think that we might be going up and down from this for some time. People have to get familiar with the price and calm down. If you put your money into the day trading range be ready to day trade, if you know what I mean.

[aardvark15]

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago.  This is where traders make their profit,  buy when it's dumping and sell when it's pumping.  Buying now will be great to sell in few days time when the value increases. 

This is a good time to start buying because we know the price can go above $11,000 very easily. People are cashing in profits to buy back lower.

I’m just long term holding everything I have right now, but if I had some extra money sitting around, I would start putting in buy orders at key target prices.

[leonardofr]

But when you say "sell", do you mean converting to Fiat or to other Crypto?

[jjacob]

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago.  This is where traders make their profit,  buy when it's dumping and sell when it's pumping.  Buying now will be great to sell in few days time when the value increases. 

You are making a lot of assumptions - that the dump is market manipulation, it is temporary and the price will go up in a few days. Even if one of these fails, your strategy to make quick bucks goes for a toss. It is better to accumulate at regular intervals, to try and average out your costs.

[RunningJack]

Hi. its still too high for my taste. i will wait a bit and then buy some

[leex1528]

So you are claiming you should buy when its low and sell when its high?  This is a genius idea!  I wonder why no one has even thought of this before at all. 

End sarcasm.  That is always the goal, but its super hard to determine when one of these things is going to happen and thats the problem.

[GeePeeU]

Seems a bit early to declare this the sweet spot to buy back in.

[Sandwalker]

I think the ppl that sold at $11k will now be buying at $9k~.  It's just a matter of days before it goes back up and beyond.

This is not like the bitcoin of the past, where a few Chinese players could manipulate the market so easily.  Now btc is being used more as currency by multiple countries, which will help stabilize it and make it grow.  It's the investors that pump and dump and cause wild fluctuations like this.  However, since there's more regular users and countries involved, we shouldn't see massive drops like we have in the beginning.

[John Langut]

Movements like these makes you wonder how decentralized Bitcoin really is. We will probably continue to see such volatility until the big holders have sold their Bitcoin.

[lighpulsar07]

Well i must say the crash was earlier than i expected although some f us using this opportunity to buy bitcoins at lower price and sell it in a high price that is smart way to earn profit. I will just wait a little more maybe bitcoin price drop more if that's so i'll take the opportunity

But when you say "sell", do you mean converting to Fiat or to other Crypto?

Well both once you convert your bitcoins into fiat or other cryptocurrencies it is a sell in bitcoin but in altcoin it is a buy.

[BUK2016]

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago.  This is where traders make their profit,  buy when it's dumping and sell when it's pumping.  Buying now will be great to sell in few days time when the value increases. 

This is a great opportunity for rational investors and traders to take advantage and buy at a lower price than to wait whether the decline will continue on a down trend.
The decrease in the market value of bitcoin is a normal volatile of any crypto currency which most of us traders are used to the situation trading and I strongly believe that so many people will be disappointed for not bitcoin when is value was low down to $9000 because very soon upward trend will stars.

[JWH007]

What the hell just happened to the markets today, Bitcoin in particular!?? That was a pretty steep and quick market sell-off for it to just be some profit taking?

[UrosViewly]

Seems a bit early to declare this the sweet spot to buy back in.

I would also wait and see where this goes, I wouldn't buy now, but I would set orders .. just in case it goes up faster than expected.

[Raegorl]

I think it's too early to be calling it a dip yet. We might see bitcoin trace back to 8k support levels before we take off again for new all time highs. Or atleast take some days to consolidate around the 9-9.5k range, the 11k push was too fast, couldnt be sustained.