Market's on minimum, time to buy?

[coinwizard_]

We should all be buying and hodling during this minimum but the reality is that panic sellers are bringing the markets down. There is no news to justify this so reason is unknown

[hanifhadzar]

On Wednesday (November 14, 2018), Brian Kelly, founder and CEO of digital asset investment firm BKCM LLC, explained yesterday's "crypto market crisis" that led to double-digit percentage losses for most basic crypto-conversions, including Bitcoin, which dropped to $ 5,569, its the lowest price in a year.
But Brian Kelly suggests not to worry, saying that in his fund they used the moment to purchase. Do you agree with him?

I agree with the statement of Brian Kelly, founder and CEO of digital asset investment firm BKCM LLC. because I believe the blockchain technology in crypto will not die and I also agree that at the time of this decline is the right time to start investing, but I still doubt the price of Bitcoin, because there is a possibility that Bitcoin prices will decline until the end of the year.

[Tduty]

Yes, it is an opportunity to buy and take profit. So we don't need to worry about the price of bitcoin and we should buy bitcoin at this time. I think bitcoin is good for long-term investment. We believe that bitcoin will go back up. So you can buy bitcoin now.

[thankyoulord]

yes i agree with him. I saw the price, how great it feel but i didnt really panic but rather felt excited because it was an opportunity for me to buy more bitcoin and other cryptocurrencies whose prices went down. I advice everyone to buy cheaply now and hold

[bering]

Recently i was seeing the chart and indeed after several times bitcoin price seem stuck then today bitcoin are back to red again but i'm not panic and i was thinking about my friend advice that he say bitcoin will at range $5000 soon and after seeing today price possibly it will going to happend and if his prediction correct then it could be good time to buy

[Linkkoin]

Our customers would say so. The traffic we currently have was unseen since the time of XRP bull run this October.
Our support has asked some of them on chat why they decided to buy right now. Many of them expect, that it is the last moment of downtrend before the annual rally.

[dothebeats]

Knowing that the price slipped $200 more than his projections, I believe that this isn't the end of the carnage and there would likely be more room for bloodbath in the next coming days until the fork is finalized. I'd still have my funds on the ready though in case it slips into my target price ($5000) and I'm willing to take the losses should the bottom slid further. As of now, everyone should pay attention on the development of the BCH fork drama as they seem to have more control on bitcoin than we ever thought they have, and it could also be a basis of our next trades just like how China and their on-off stance regarding bitcoin in 2015.

[harizen]

People don't really have to listen on anyone's analyzation if they will take it seriously. They should take that as "reference" and not as an advice to the point they will just buy the story easily. With the current situation, it's on our own hands how to deal with these.

To buy , to sell, to wait for more dip etc... our decision on how to deal on these will be based on our own analyzation. Yes a guess since no one knows what will happened but if there's a good support about your claims, then test it and see what will happened.

This is how we play with the risks in crypto since the beginning.

[WinslowIII]

No, that was a mistake. I think it will go much much lower. Bitcoin is at the beginning of the end. The end is near. Time to panic and sell sell sell. Everything!

It really is going to hell. Everyone can see it, but doesn't want to admit it and blame it on imaginary whales.

If you really believed what you just typed you wouldn't be here wasting keystrokes. Gtfo with you shit advices.

[Slow death]

On Wednesday (November 14, 2018)

this was a very bad day, when I looked at the coinmarketcap I thought something very serious happened, but I did not see any news that justified a price drop like this, maybe as I said in a comment last, people must have been tired because the price did not go up so they decided to sell their currencies, notice that this happens at a time when "Bitcoin Lightning Network Reaches All-Time High Capacity".

Brian Kelly, founder and CEO of digital asset investment firm BKCM LLC, explained yesterday's "crypto market crisis" that led to double-digit percentage losses for most basic crypto-conversions, including Bitcoin, which dropped to $ 5,569, its the lowest price in a year.

But Brian Kelly suggests not to worry, saying that in his fund they used the moment to purchase. Do you agree with him?

This: " Brian Kelly suggests not to worry  "  this only works for those who want to insure for many years or for the savvy traders and who has a great knowledge of the market, for other people already should be in panic

[Quidat]

On Wednesday (November 14, 2018), Brian Kelly, founder and CEO of digital asset investment firm BKCM LLC, explained yesterday's "crypto market crisis" that led to double-digit percentage losses for most basic crypto-conversions, including Bitcoin, which dropped to $ 5,569, its the lowest price in a year.
But Brian Kelly suggests not to worry, saying that in his fund they used the moment to purchase. Do you agree with him?

Of course, who will not going to buy at this kind of price in the market? It's seldom to happen that after every fork there would be a dump in the market, specially in the bitcoin market. If i were you i will buy as much as i can too because it would be your finest investment since the bearish market starts.

[bitcoin31]

I hope the price for this now is the minimum and not to dump more. Im so sad to see price become 5000 dollars because more people losing their money. I suggest to everyone to become united to pump again the value of the bitcoin.

[xIIImaL]

I hope the price for this now is the minimum and not to dump more.

It is not a minimum value in Bitcoin because we see this was reach 5k USD in this year but it is maintain a more than 5.5k USD.and again market is stay in a same level so it is waiting for quick jump in crypto market. Because crypto hunters are buying more Bitcoin in current traffic so everyone earn some profit in future.

[randythered]

I hope the price for this now is the minimum and not to dump more.

It is not a minimum value in Bitcoin because we see this was reach 5k USD in this year but it is maintain a more than 5.5k USD.and again market is stay in a same level so it is waiting for quick jump in crypto market. Because crypto hunters are buying more Bitcoin in current traffic so everyone earn some profit in future.

Bitcoin hasn't reached 5k this year, it's not been lower than 5400 which was in the last days. The market was steady for the last 3 months and everyone said that meant it would be bullish soon, that was proven to be wrong. Why would this time be any different?

[WinslowIII]

I hope the price for this now is the minimum and not to dump more.

It is not a minimum value in Bitcoin because we see this was reach 5k USD in this year but it is maintain a more than 5.5k USD.and again market is stay in a same level so it is waiting for quick jump in crypto market. Because crypto hunters are buying more Bitcoin in current traffic so everyone earn some profit in future.

Bitcoin hasn't reached 5k this year, it's not been lower than 5400 which was in the last days. The market was steady for the last 3 months and everyone said that meant it would be bullish soon, that was proven to be wrong. Why would this time be any different?

Bitstamp bottom was $5199, so yes it's been lower than 5400.
Bitcoin is a great store of value, but only if you time it right. Isn't that a contradiction?

[randythered]

I hope the price for this now is the minimum and not to dump more.

It is not a minimum value in Bitcoin because we see this was reach 5k USD in this year but it is maintain a more than 5.5k USD.and again market is stay in a same level so it is waiting for quick jump in crypto market. Because crypto hunters are buying more Bitcoin in current traffic so everyone earn some profit in future.

Bitcoin hasn't reached 5k this year, it's not been lower than 5400 which was in the last days. The market was steady for the last 3 months and everyone said that meant it would be bullish soon, that was proven to be wrong. Why would this time be any different?

Bitstamp bottom was $5199, so yes it's been lower than 5400.
Bitcoin is a great store of value, but only if you time it right. Isn't that a contradiction?

That's only one exchange, I take your point but I was referencing the overall weighted market average. I didn't actually know it went as low as that on bitstamp.

That's almost an oxymoron, something being a great store of value should not really depend at all on when you invest, at least by definition.

[Ewinsane]

I don't know anymore. I have bought a lot during the 6 thousand era in this past 5 months and I wouldn't change any of it, I still trust that price but if you ask me we still don't know how long this war will be. There was this twitter address like whalealerts or something and it showed there was so much money moving around in the past 48 hours.

I do not mean so much money compared to what regular people do, I mean literally so much money for even whales. I have seen 30 thousand bitcoin moving from one place to another, we are talking about 30 thousand bitcoins, that is literally over 150 million dollars at any given price. If someone wants to cash that out to pay than we are literally screwed. Another 150+ million dollars cashed at bitcoin would really just destroy the whole price to a point it may take a long time to recover.

[suzanne5223]

On Wednesday (November 14, 2018), Brian Kelly, founder and CEO of digital asset investment firm BKCM LLC, explained yesterday's "crypto market crisis" that led to double-digit percentage losses for most basic crypto-conversions, including Bitcoin, which dropped to $ 5,569, its the lowest price in a year.
But Brian Kelly suggests not to worry, saying that in his fund they used the moment to purchase. Do you agree with him?

Yes, I agreed with what the CEO of digital asset investment firm BKCM LLC said because this act of cause panic in the crypto market so that the whales can later buy at the bottom was the strategy played most the whales from the early days of bitcoin but the hurt side of it is that the new investors are those that are set as prey.

[bitbunnny]

Well, I agree that Bitcoin price will not go lower than 5000$ this year and if you have some extra funds it's good opportunity for buying.
Despite many expectations that the end of the year will bring us price pump just the opposite happened but still I don't think this is a bad thing. The price will not sink deeper, we still can call this only correction and if you buy more now you will have good start position for the begininig of the next year when price might start to rise again.

[BitHodler]

Well, I agree that Bitcoin price will not go lower than 5000$ this year and if you have some extra funds it's good opportunity for buying.

There is no way to know if we found the bottom already. People wrongly assumed that the previous support level would hold strong because of the base mining cost, but that turned out to be based on nothing but empty hope.

Mining cost is different for each miner, and isn't anywhere near $6000 for the largest farms, and will likely only reduce with how they work towards their own ways of generating energy, and then we have more efficient hardware.

My word to the everyone else is to remain conservative and don't take support levels for granted. Crypto currencies (even Bitcoin) can fall way below the levels you think are insanely low already. Expect the unexpected.