Is this right time to re-enter into Bitcoin?

[monalia]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

If you believe this coin you can invest know or if you know this go down in future you should wait for the dip. But bitcoin is always promising platform so we can invest anytime in Bitcoin because next month this will going to moon. So wait for the continuous dip as soon as possible you can invest  this coin.

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[1715405068]

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[darkangel11]

The sudden sharp fall of bitcoin is due to the mtgox bitcoin wallet now been sold. It is temporal and very soon the price will keep going up. Is best to buy now

Not really. If you look at the status of Gox coins, the last transaction was on the 10th of May, so he sold a day later (sharp spike on the 11th), after which the prices have stabilized and on the 22nd and 23rd we had another huge dump, this time from panicked holders who were cutting losses scared of another dump by the trustee, but that did not come.
Is it temporary? I'd say it's not, the pattern will repeat once we get closer to 10k again. He has plenty more coins to sell and will keep crashing the price until he sells it all. This could take another 6 months. https://www.cryptoground.com/mtgox-cold-wallet-monitor/

[yesss]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

I think that you can buy bitcoin at this moment, the market is fluctuating continuously and it is hard to guess, bitcoin price is in short cycle in short term so in order to continue to increase strongly, the bitcoin price must Take this cycle off. According to my analysis, the bitcoin price will fall to $ 7400 then it will immediately adjust and recover very much to the $ 10000 mark.

[Finestream]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

I think that you can buy bitcoin at this moment, the market is fluctuating continuously and it is hard to guess, bitcoin price is in short cycle in short term so in order to continue to increase strongly, the bitcoin price must Take this cycle off. According to my analysis, the bitcoin price will fall to $ 7400 then it will immediately adjust and recover very much to the $ 10000 mark.

Hopefully it will already reach that point.The current price today is a perfect time to buy potential coins in their cheapest price and hold them after because for sure btc price will soon to increase in just a matter of days.Just keep your patience so you will gain a good profit in time.

[asyakashi]

Wait for 5k then buy

Why 5k? Because a retracement line passes somewhere along that point? We have defended 6k twice already and there are no negative news that would trigger a panic sell. If a low volume bleeding continues you can be sure that we'll bounce back of 6000 USD again. Only another huge selloff like the one from the Gox trustee could break the support and he said that he isn't going to sell low like that and is going to wait for ~10k.

I guess it will not touch the 6000 price it's too deep.
this is just the impact of an issue and this situation will not last long. but if you have the courage to buy altcoin and profit from trading.

[atrocityx]

As someone who has traded for a very long time, and seen almost everything.. one thing I'd like to stress to you is you will never catch the absolute bottom or top of anything, and worrying about the min-max of these structures will get you more in trouble than it will help.  Worrying about catching it at the right time, after all, is emotional and should be avoided at all costs while trading.

80% of trading is just buying generally at the right time, and having enough patience to wait for the bottom to be found and reversal if you miss a bit...

With that said though I do think 7100-7200 is a safe entry if it reaches and set a stop loss at 6800 in case we break out of this symmetrical triangle.


Or buy some now, and save more for later. even if you miss some of the BTC bottom, you can dump it into simultaneous dumping alts (dumping at a much faster rate), and sell on the correction from the oversell panic and make up the difference that way (as long as you don't get greedy and only take a few percents,  this should be safe.  I do think Asymmetrical structures in a bear market tend to break to the south side though, so you may want to buy at 7100, then swing trade to top of triangle to sell , then rebuy on the breakout, or stay out of the market til bottom of symmetrical triangle is retested.   Be safe out there.. but in combination.. don't worry or panic over a few hundred dollars.  

[Tynovten_]

I see the decrease will still happen, be patient a little bit to buy, i still leering for 2 nor 3 days ahead. Btc still keep trying its best but few times failed.

[elewton]

we should wait till weekend. the market is too crazy now. people are so panic. they panic buy and sell. if we join and buy bitcoin this time. totaly risk

[Lumada]

we should wait till weekend. the market is too crazy now. people are so panic. they panic buy and sell. if we join and buy bitcoin this time. totaly risk

If in buying, definitely its a good come back but in terms of selling it, definitely not. I don't see any reason to do panic selling today, this will only be the chance to those who want to enter or re-enter the market so grab the opportunity until its there.

[tothanhtuan]

This is a major pullback. Much like what happened after btc hit $700, and fell back to $200. That lasted almost 2 years. I'd expect btc to stay in a trade zone for quite awhile.

[Ararbermas]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

 you must wait for more dip before entering again. 'cause it seems the market still on bearish which is not a good idea to jump, so start to accumulate more now while the growth rate still in bad situation. Then buy to gain more profits if you noticed its starting to climb gradually.  But i suggest to always monitor the market to avoid such issue 'cause the market always fluctuate and very unpredictable so must monitor always to prevent losing money and especially to get the right timing to buy and sell.

[boybitcoin]

maybe you should wait for another dip, i think btc is heading to $7100k this coming days.. and maybe you could made nice profit there if you wait for another dip again.. that's what i thought

[Hemady17]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

Buying BTC during falling is not the correct strategy for entry. Never buy during the downtrend you need to wait until the movement reverse to uptrend. You need to identify the resistance 2 level in order for you to know if the trends already reverse. You need to be very careful in this entry many trader fails to know the correct level of entry.

[damberg]

For those who exited Bitcoin positions in December last year, it might be a good pick. Personally, I would take advantage of low Ethereum price which I believe has great upside potential in the mid- and long-term.

[taiwww]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

Why not? When the crypto currencies are all the way down to almost 40% in total marekt value then why is this not the good time? Off course it is the perfect time to buy the bitcoin and other coins too. You will keep seeing this kind of dumps all the time but being smart is the game here. You buy at this dip then you sell it when it goes little higher. After few days or lets say weeks bitcoin will drop one more time and thus you can literally get more profits by repeating this procedure.
For me this is pure profit making opportunity and one should not let it go. 

[Bezobraznike]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

Why not? When the crypto currencies are all the way down to almost 40% in total marekt value then why is this not the good time? Off course it is the perfect time to buy the bitcoin and other coins too. You will keep seeing this kind of dumps all the time but being smart is the game here. You buy at this dip then you sell it when it goes little higher. After few days or lets say weeks bitcoin will drop one more time and thus you can literally get more profits by repeating this procedure.
For me this is pure profit making opportunity and one should not let it go. 

   Ritkasimi I always point the same thing, it`s great time for buying many coins or tokens
now when prices are low. Market will recover in some point, maybe not so fast like many
wish for.
   Who is holder like I am, will buy in any time. I like when I can buy in dips and I always
take opportunity to buy for lower price. We are again on $7500, I prepared my money to buy
at $7k again.
   I think this drop is good for those who sold at $9800 week ago, they will soon buy back
Bitcoin and price will grow again. Who can feel where is bottom can make a lot of money from
day trading.

[Hillthy]

I have watched the market value in the last two days. It seems that the red zone similar to the time of bitcoin fell to a value of $ 6k5 in March. Market situation is in the red zone - suitable for investment right now. At the previous time. When the bitcoin moves down to 6k5, a modulation has created a very strong oscillation which gives rise to a bitcoin rate of > 8k. If it happens as predicted by me. The next bitcoin price will jump to $ 11k

[shone08]

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
Please reply in comment

Why not? When the crypto currencies are all the way down to almost 40% in total marekt value then why is this not the good time? Off course it is the perfect time to buy the bitcoin and other coins too. You will keep seeing this kind of dumps all the time but being smart is the game here. You buy at this dip then you sell it when it goes little higher. After few days or lets say weeks bitcoin will drop one more time and thus you can literally get more profits by repeating this procedure.
For me this is pure profit making opportunity and one should not let it go. 

If you are long term investor then Yes it is the best time to enter in bitcoin world becausr the price are continue to falling down and it touch the level of $7000+ but I notice in bitcoin chart the price will continue to down and the possible touch are $6k to $7k level.
Hoping in this coming june the price will pump up to see again the green day.

[Marnihughes82]

I also think this is a good time to buy. But I bought all the money when bitcoin was down $8k. I set the wrong time to buy

[TheDarkRide]

Now the price are in the down trend. Wait for a bit and if the price seems to up again slowly, then that is maybe the best time to buy. Just my own experience btw!