Analyst: Bitcoin below $ 10,000 is a gift!

[inoes]

it could be a gift, especially if it goes down to <$ 6K like last month. Bitcoin can be> $ 12K this year is a gift if we can get that opportunity.

[flemmings02]

Another analyst will have a different opinion, but what really matters is what you think of the price, If you check the analyses and you agree with it that the current price is a gift, you should take it but if you feel it is just a hype then you wait till you find the price more reasonable.

[Moiyah]

There will still downfalls that may experience in the coming weeks or months, thus a great opportunity for us to buy more at the dip. In every dump and pump there were always speculators saying so many things and that's the reason why it happened and so many advices popping up in social media leading to the FOMO of some investors.

[LogitechMouse]

I agree with the what the analyst said because he believe that it is a good time for the investors to accumulate more Bitcoin. He said this because $10,000 acts as a psychological support for Bitcoin. In my opinion, the price of it can go at around 8500 anytime and it will act as a support and after that a bounce can happen. The pulse is decreasing meaning that the price of Bitcoin can go low.

[Thanasis]

I think that now we have good opportunity to buy more! BTC price will be higher with time, up to 40k untill 2020, I quess. So even now - falling market its good. Whatever, course will make up x100 with time. No reason to worry. BTC is already don't only currency, it's already financial instrument that better then gold!

Bitcoin can be an asset as well as financial asset with high liquidity better than gold but volatile make the prices to be in always danger even if they keeps going higher we will get the fear of when it is going to be dumped so when we have to sell it to make more profits.

For the people who missed their chance to invest on $3000 at least need to utilize now because after next years halvening we might see this prices as nothing.

[samcrypto]

it could be a gift, especially if it goes down to <$ 6K like last month. Bitcoin can be> $ 12K this year is a gift if we can get that opportunity.

Its a great gift from above that we must not decline, we should take that as opportunity. Instead you panic, you study bitcoin and buy at your best because lower than $10k is very cheap and we don’t know if that is the last bottom for the entire history of bitcoin. I always do my best to own more bitcoin every dip.

[Kemarit]

What a misleading term, gift? what if the price continue to plummet before $10,000? How some analyst call it? discount? The thing with this analyst is that most of the time they simply gave us false hope to cling to something, "this X price is a good entry point", blah blah.

We have been in the period of accumulation many months ago, starting at $3200 so I don't understand why this so called experts, they should at least preach it before and not that after we have reach 5 digits and then once we go below it someone will call that it is a good time to buy.

[CryptoBry]

People who are interested with Bitcoin should always be watching its dip below the $10,000 zone as a great opportunity to add more hoard or to join for the first time. In my opinion, with the way it is now, it would already be an extreme if Bitcoin can go lower than $9,000 or $8,000 so every little dip can be considered indeed as a gift. The overall market sentiment remains to be bullish especially as we are heading towards the end of the year and into the 2020 period where many people expect more energy and vigor in the Bitcoin ecosystem.

[jerry0]

Well if below 10k is a gift, you need it to hit 20k to double your money.  That is pretty damn hard would you agree?  Imagine wanting to 10x it.  That would mean bitcoin needs to hit 100k.


I mean, wouldn't an altcoin give you a better chance?

[exstasie]

Well if below 10k is a gift, you need it to hit 20k to double your money.  That is pretty damn hard would you agree?  Imagine wanting to 10x it.  That would mean bitcoin needs to hit 100k.

I mean, wouldn't an altcoin give you a better chance?

That's intuitive, which is why lots of newbies chase altcoins.

In practice, here's what happens: as BTC rises against USD, altcoins stagnate and fall against BTC. They can spend months drastically underperforming, during which time altcoin holders are losing BTC hand over fist. By the time most of them have capitulated and exited back to BTC, it'll finally be time for altcoin season.

In other words, most of them will miss out. Over time, most people realize it's easier and more reliable to just hold BTC rather than try to beat the altcoin market cycle.

[adaseb]

Well if below 10k is a gift, you need it to hit 20k to double your money.  That is pretty damn hard would you agree?  Imagine wanting to 10x it.  That would mean bitcoin needs to hit 100k.

I mean, wouldn't an altcoin give you a better chance?

That's intuitive, which is why lots of newbies chase altcoins.

In practice, here's what happens: as BTC rises against USD, altcoins stagnate and fall against BTC. They can spend months drastically underperforming, during which time altcoin holders are losing BTC hand over fist. By the time most of them have capitulated and exited back to BTC, it'll finally be time for altcoin season.

In other words, most of them will miss out. Over time, most people realize it's easier and more reliable to just hold BTC rather than try to beat the altcoin market cycle.

Yes and this is actually where most of my retail friend investors and other FOMO people fall in.

I told people to buy BTC and they said its not worth it because the max they can make is like 20% and they wanted something like 1000% or so.

They saw that ETH was $10 before the bull run and peaked at $1400 and they are looking at those types of gains. Which is why so many retail people are buying XRP now because its cheap and they expect it to hit $3 again.

[stadus]

Good analysis as we can see bitcoin is now over $10,000, currently $12,000 to be exact.
The correction is normal, it bring the price down and that's a gift for those who are not finish in accumulating yet.

I've started buying when bitcoin was really cheap and since i always believe, I never panic on whatever happen in the future because I did buy when people are starting to loss their faith on BTC, now that I'm seeing a new light which bitcoin prove it could bounce back hard, I would always then believe on experts and analyst who are bullish in bitcoin.

[vintages]

One can consider it as a gift as it is low enough for buying, as many believe this 9k-10k is how low the price can go.
Aside that, I don't believe the 10k price will stay like that forever, we are vouching for an estimated price of 15k-30k as this month closes.
Also, every price dip shouldn't be a cause for alarm or fear some are needed for market correction.
 

[BitHodler]

Which is why so many retail people are buying XRP now because its cheap and they expect it to hit $3 again.

It's pure madness. If they expected it to hit $3 then I would at least say it's very very unlikely, but not impossible with enough hype and manipulation, but they expect it to reach $100 and some even $1000.

People have no clue about how total supply works and what it means. A simple calculation will tell you how unrealistic certain price targets are with how XRP has 100 billion tokens that will be circulating at one point.

Financial institutions will come up with their own blockchain solutions, so why would they use xRapid? Another thing is that institutions aren't stupid enough to work with an asset that volatile. People are delusional.

[beerlover]

Any dip that we see in bitcoin should always be a blessing in disguise, it should always see as an opportunity to make more money, right now as I am sitting on my system, I already have certain amount of fiat separated to make more investment and take advantage of any dip that I see again, even if bitcoin values goes to another correction stage far below expectations, I would still be happy and take the advantage to buy more, because that is how a real  trader can make more money while waiting for some of their long term investment to yield result.

Bitcoin bull run will not start until after its halving next year, and even though there is any surge now, there will always be a correction that will step down the price back to that $10k, and we should also always accumulate anytime it does that.

[SquallLeonhart]

I think the reward getting halved is not the reason why bitcoin price should go up and anything under 10k is a gift. I think there is already limited number of bitcoins existing and looking at how much bitcoin is mined per day it makes no sense that halving makes any difference.

Right now, there is 2k bitcoin mined every single day on average, that is a good chunk of money but makes about 22 million dollars total, looking at the billions of dollars on volume I say that is not the difference maker, of course it will be better when its 10-15 million at most but right now even with this version it doesn't really make too much difference.

Hence, I think its because we have max cap at 21 million and even if we mined all 21 million that wouldn't change a thing so the price should go up because of the max cap and not because we mine limited amount.

[Oilacris]

One can consider it as a gift as it is low enough for buying, as many believe this 9k-10k is how low the price can go.
Aside that, I don't believe the 10k price will stay like that forever, we are vouching for an estimated price of 15k-30k as this month closes.
Also, every price dip shouldn't be a cause for alarm or fear some are needed for market correction.
 

The reason analysis are calling Bitcoin a gift below $10k is just because of the limited supply of the coin. We are not left with so much Bitcoin and in addition, the block reward gets cut into half as we cross a Bitcoin halving. There are times when the market is very bearish and the coins lose huge value so that people fear about investing in the coin. Such a time should be considered as a super opportunity.

Super opportunity for some who do look bitcoin as a good coin to hold for long term but on majority these times are still questionable.When bitcoins price tends to crash

or decrease its price.You cant really tell on what people gonna do,buying or accumulating as much as they can? I don't think it would be easy yet confidence is highly affected on such situation.So there would still be doubts on these times.

[sana54210]

Super opportunity for some who do look bitcoin as a good coin to hold for long term but on majority these times are still questionable.When bitcoins price tends to crash

or decrease its price.You cant really tell on what people gonna do,buying or accumulating as much as they can? I don't think it would be easy yet confidence is highly affected on such situation.So there would still be doubts on these times.

I understand what you are saying and I feel it is necessary to always be patient when making some decisions since it is not a do or die matter, most especially for those that already have investment in the market already.

Something happened to me too some weeks back, and I think that was when bitcoin crashed from 413800, and I saw it dip to $11k, I thought that would be the final dip which was a very good buy for me since I believe then that within the next few days, the market was going to regain its strength back and go above $13800, but unfortunately, shortly after I made my buy around that $11k, the market continuously to fall until it almost fell to $9000, and I said to myself that patience would have just been the best friend of mine then if I has welcomed it.

[iv4n]

Bitcoin below 10 thousand dollars is a gift to anyone who believe in 1 million dollars for 1 btc. If you believe in that price in few years now its a gift for you to buy bitcoin, if you don`t believe then any price will be to high for you. Everything is about your perspective and your believes. People can say whatever they want, you will see many different news, but in the end each of us is making a decision, don`t forget that! You choose to buy or sell, to wait or to not wait, in what to believe or not!
I agree with statement that bitcoin below 10 thousand dollars is a gift! You can believe in that or not, it`s up to you!

[buwaytress]

Revisiting this thread and trying to see if my perspective can maintain for the remainder of this quarter.

Each time BTC climbs to five figures and then remains there tells me that a lot of people want to believe sub 10k is a gift. But also tells me profiteering is beginning to look predictable for the active speculators.

The big surprise move that Bitcoin will experience hasn't happened yet is still my stance. We'll either be happy we hot our gifts, or we'll be entering a long period for much more gifting opportunities