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

[Reid]

How could it be a gift if you are buying it?
Gifts are free. 

Yes, it will a good idea to buy at that price. Well, we could see now why? The gift of profit already came and I do hope some have trusted bitcoin even for a while.
Now, all we need is more merchants coming in. If this happens we might see another all time high before the year ends. I do hope it can.

[Naida_BR]

It would be a gift if a level below 10k would boost altcoins.
As I can see alts are struggling a lot when Bitcoin price drops. This doesn't help the market and especially investors who have bought large amounts of altcoins during the bear market.

[serjent05]

Well from the moment OP created the topic and comparing Bitcoin price today, I can say, it is really a gift since Bitcoin goes up in value now giving those who bought on that price a good profit per BTC.

How could it be a gift if you are buying it?
Gifts are free. 

Well, we can say the profit is what he is talking about when he mentioned gift  .

Yes, it will a good idea to buy at that price. Well, we could see now why? The gift of profit already came and I do hope some have trusted bitcoin even for a while.
Now, all we need is more merchants coming in. If this happens we might see another all time high before the year ends. I do hope it can.

Aside from that I think the market also need more intitutional funds to join in.  It will certainly give a huge boost to Bitcoin demand thus pushing price of BTC to another higher high.

[Maestro75]

Even if bitcoin price drops below $10,000, there will be many who will still expect it to drop to the initial $3000 level. Am sure there are many here who knew about bitcoin before it got to $1,000 but did not buy because they expected it to drop back to $100-500 region. And here they are today without a single bitcoin in their wallet. People should buy at any point they have the capital to buy and not think it is crashing because no matter what happens bitcoin will continue to rise. Even if it falls, it will rise.

[barbara44]

In my opinion, under $10k is not a gift, it is a scare.
People do not realize that during the bear run people are not sure how further down it will get and after the bear run is over we are kicking ourselves for not getting more.

I have just recently witnessed the same thing on a smaller coin, it was going down and I didn't want to sell because I didn't want to lose my money and I instead bought more to drop my averages and recover whereas it went on falling even further down so I am now in bigger debt because of it.

Thankfully I didn't had too much to spare and didn't went in too much and I am always playing with money I can afford to lose but it is still a bad feeling. People are afraid the same thing will happen to them, what if bitcoin under 10k means it will also be under 8k soon? They don't know that until it is too late.

[NeuroticFish]

Half a year ago we were at 4000$. Why didn't these analysts buy back then?
I mean that while it's expected Bitcoin to rise more, for now it doesn't. And somehow these specialists try to dictate what to expect. What if they do that based on who pays them? What if these expectations are there to help the others who bought at 4000$ sell?

I also expect Bitcoin rise. But I am pretty mad on all this hype around what the specialists say, what the specialists predict... Everybody, known or not, has something to say about Bitcoin price and it becomes instantly famous. Really?!

[South Park]

Half a year ago we were at 4000$. Why didn't these analysts buy back then?
I mean that while it's expected Bitcoin to rise more, for now it doesn't. And somehow these specialists try to dictate what to expect. What if they do that based on who pays them? What if these expectations are there to help the others who bought at 4000$ sell?

I also expect Bitcoin rise. But I am pretty mad on all this hype around what the specialists say, what the specialists predict... Everybody, known or not, has something to say about Bitcoin price and it becomes instantly famous. Really?!

I agree, if bitcoin at a price below 10k is a gift then bitcoin below 4k was the opportunity of a lifetime and yet I did not saw many analysts claiming that, investors had months to take advantage of that price and many did not do it and now buying at a price close to 10k is somehow better? I do not buy it, right now is the moment to hold and wait the direction the market will take, if it is bullish then to keep holding is the right move but if a downward trend takes hold then selling and wait for the price to get lower is the best move.

[NeuroticFish]

right now is the moment to hold and wait the direction the market will take

It always depends. A good strategy for the ones buying and long-term holding is to buy now and then. I mean, one should have bought for 100$ when it was 4000 and should probably buy at 10000 too. Because on the (very) long term Bitcoin price grows and these "small" "asperities" may not matter at the end.
If Bitcoin will be at 7000 in a year, out buyer didn't lose anything. And if it'll be at 70000, he get a 10x win. I expect the reality be in the middle. (But please don't invest based on my expectations!)

[bitbunnny]

Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.
I always say that Bitcoin is the best investment on long term. Investment based on short term predictions are always more risky and every Bitcoin investor should have a broader picture.

[STT]

Its possible the negative action for today has completed its pattern.  Its hit the next rung down and so we are seeing some buying:



So if you want to flip negative, upside target is around 11,200.   NOt a bad trend whatever the larger ongoing resolve of price direction.   50 Day average is about 10,900 so being above or below that is quite important.

[ethereumhunter]

If you can buy at a very low price, then $10k is a gift

But if you buy bitcoin in $9k, then it still a gift too because you can make a profit now. And if you buy bitcoin in $11k-18k, then that is not a gift right now, but that is a nightmare. You should wait for a long time before you can sell your bitcoin is above $19k, so you can make a profit. But I think many people already sell their bitcoin at above $10k because they are worried the price becomes lower than the price they bought.

[sana54210]

Even if bitcoin price drops below $10,000, there will be many who will still expect it to drop to the initial $3000 level. Am sure there are many here who knew about bitcoin before it got to $1,000 but did not buy because they expected it to drop back to $100-500 region. And here they are today without a single bitcoin in their wallet. People should buy at any point they have the capital to buy and not think it is crashing because no matter what happens bitcoin will continue to rise. Even if it falls, it will rise.

We have people that do have some unrealistic expectations and we should not just bother paying attention to them especially those who usually predict a massive downtrend of bitcoin out of a thin air without having any basis for it.

Most of us have to personally study the market and make our own report that will guide our decision to make investment, and some of those ones that usually predict those cheap prices are just there to destroy the market and cause panic sell, but I have not seen them around for a while now, I guess that have finally left the market after realizing that their prediction has been having no effect on the market. We really should buy at any point but not to fomo though, because we still have to be careful of being victim of whales too.

[Oceat]

Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.
I always say that Bitcoin is the best investment on long term. Investment based on short term predictions are always more risky and every Bitcoin investor should have a broader picture.

They may look at it as a tragedy maybe because they don't have the patience to wait for the right time to sell if they were trading. But for someone who is an enthusiast about the market, making everything as a good result is a rare kind of gift for them. At $10,000 some like it because they can buyback or invest again and if the price rise beyond $10,000 then it is the time for them to sell to get a good profit.

This is a kind of gift that a good trader has, their perspective of things no matter what is the situation.

[1Referee]

Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.

For sure. People outside the rational circle buy because they see the price go up and sell because they see the price go down.

I wonder how many of the self-proclaimed analysts and experts considering certain price levels to be a good buy actually buy themselves. I think not many. If their analysis ever worked they would be making a lot of money trading Bitcoin instead of analyzing a market they don't understand.

Today's "gift" price can turn into a shit price you wish you didn't touch the day after. It's so subjective and nonsensical that people should never follow any of this advice.

[The Sceptical Chymist]

Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

Based on how bullish the market currently is, I'd tend to agree with him.  As it stands at this moment, bitcoin is above $10k and there's no telling if it's going to fall back below that mark.  People who bought bitcoin below $10k were probably smart in doing so.  As for me, I wish I'd backed up the truck when we were stuck at $3500 for months--too bad I didn't have any extra money to buy any bitcoin at the time.  Story of my life.

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish<snip>

Yeah, I don't see bitcoin turning bearish anytime soon.  I'm not saying it never will, but right now there seems to be a lot of new money pouring into the market and driving the price up.  That kind of momentum doesn't just stop on a dime.  We'll see dips and probably a correction or two, but I'd imagine that $20k will be reached at some point next year.

[STT]

10,388 is the target for the price close this day out in an hour or so.   If its below there its acted negatively all day and I would speculate will continue.   Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support.   Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable

[Biodom]

10,388 is the target for the price close this day out in an hour or so.   If its below there its acted negatively all day and I would speculate will continue.   Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support.   Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable

indeed

[el kaka22]

Right now, we are again into the region of grabbing gifts. Still, I think there is an in between level from "holding long term" and "trading daily" which is "buying each month" which people do not really use that much. You could totally spread out your purchasing levels each month by diluting your purchase levels like buying 500 bucks per month. That is really in between level because its not as risky as buying all in and its not really as big of a skill related thing like day trading.

Hence, there is really a middle level that is both great for future and not requiring too much skill or knowledge of the market. You only have to have enough funds every month to buy which is normally a hard thing to achieve but you can deal with that by just diluting your current cash level by dividing that into 10 and buying for 10 months and if have some left over because of the price you buy more and if not you can save some to cover the 10th month.

[shoreno]

10kusd indeed a gift but only for some peeps that can afford to bought btc during this level but calling it a gift isnt also a good term to me because to me a real gift means that you will only recieve it for free  but in the case of btc , btc is not free for all  .

only way to get btc is to to work for it  ex . to mine  or you could also buy btc using your own hard earned cash  .  however btc at 10k usd is still expensive to some peeps and they are wishing for lower drops than this  .

[slocker]

Price suggest that we buy considering how much it was and that have up tread. Still more then 50% of population into crypto this price is expensive as mentioned here. So then they will probably ask what to do. Most know that price will go up and some will make risk, example go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.