Down below $9k! Buy the dip now?

[cheezcarls]

And the bears are taking over!

In this situation right now, what price do you think will be their new support and resistance level?

The Bakkt hype continues!!! Most freaks out there think that Bakkt would skyrocket BTC, but it looks like we're heading south instead.

Volatility is so high right now, and I bet when I wake up later, it might be going even lower.

Do you think it's the right time to buy now? Or should we wait for BTC to dip even further?

I think it's time right now to accumulate more satoshis in my arsenal, as the bloodbath sale begins!!!!

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[Expecto]

I don't think it is a good time buy Bitcoin now. It is still falling down fast. I am very curious about the reason behind this fall. This can be the first sign of a bull run I hope. We will wait and observe the changes on the price.

[seoincorporation]

The crash is real, while i read this news BTC price keep crashing, it's at $8400 now and looks like it will crash more. So, i don't think is the right moment to buy, if things keep like this we will see the price at $7500 in some hours. Wait until btc gets under $8k and then buy big. This is one of those changes to make some nice money! Let's ride the wave.

[hvezdasmrti]

We need 90 percent more loss so i dont care... 1000USD is MAYBE the first good  and fundamental price level. Alts already purged partially, now we need to keep things going. Cryptomarket is still too ridiculously overpriced and overhyped considering how low is the real demand for crypto "products".

[Oceat]

The crash is real, while i read this news BTC price keep crashing, it's at $8400 now and looks like it will crash more. So, i don't think is the right moment to buy, if things keep like this we will see the price at $7500 in some hours. Wait until btc gets under $8k and then buy big. This is one of those changes to make some nice money! Let's ride the wave.

I just hope that this is just a bear trap and eventually gonna get back to $10k or else this is a real FUD result. Though it is a great time to buy during the dip because I have a feeling it would rise back up again. But i don't know if it would stay at $10k or stick to the $9k for a week.

[hvezdasmrti]

Greta Cryberg must be happy that the biggest enviromental disaster bitcoin gets hit.

A better BTC price for a better planet  

[Velkro]

And the bears are taking over!

In this situation right now, what price do you think will be their new support and resistance level?

The Bakkt hype continues!!! Most freaks out there think that Bakkt would skyrocket BTC, but it looks like we're heading south instead.

Bakkt is irrevelant here. People react to current price movement by emotions.
They are first to loose money. Nobody knows when to buy, it can fall to $5000 even, or will get back to $10000 very soon. We will see.

[dkbit98]

Everything looked like we are going down yet again.
Hashrate dropped before that. Bakkt had no eefect.
Even low volume in previous days was a strong indicator that big move is going to happen.
Market was a bit boring... so here is the action now so traders can play.

[leowonderful]

Just seems like the descending triangle everybody was watching earlier broke downwards. As for whether or not to buy now, that's up to your own discretion, though I would advise against buying in all at one price point but rather setting up staggered buys below and/or buy every few days or weeks. OP seems extremely emotional about things right now, and you tend to make your worst decisions while you're emotional. Bakkt's just recently launched, and it's not extremely surprising that there's relatively low volume on the platform at this moment. It'll grow in time.

[fabiorem]

Hashrate dropped before that. Bakkt had no eefect.

It had. This drop you are seeing is the effect of Bakkt.

Bakkt is a futures contract, and every derivative product is bearish.

[pixie85]

It's funny how months ago when Bakkt got delayed again nobody was blaming it and we continued upwards. Now when it's already here people are blaming everything on it!

Bakkt was supposed to launch months ago and it did not stop the price from gelling below 4000 dollars. It also did not make it go back up to 10 thousand. Stop blaming bakkt for normal price action.

+/- 10% is normal for bitcoin and you don't need any news for it to happen! Last move like that was in June when we went from 13800 to 10000. Was that also Bakkt?

[peter0425]

I might be lucky because I just bought couple of hours ago for $8,500 and now upon checking it’s 1k higher already,I have just posted earlier about the falling will continue to below 8k as what the thread predicted but now I’m wrong lol

Hashrate dropped before that. Bakkt had no eefect.

It had. This drop you are seeing is the effect of Bakkt.

Bakkt is a futures contract, and every derivative product is bearish.

Well I don’t care what made effect the huge dumping today but what I’m concern is the growth now because that’s what bring be instant profit 😂

[sunsilk]

Took time to check the charts and I've seen that the lowest for this year was $3,400 and it's still good IMHO. We just made it to $13,000 and we're all confident that it won't go down so we thought that it's already a downtrend now.

If you are long with bitcoin right now, get this time and start buying. It fell to $8,300 although I haven't seen that moment and few hours ago we are from $9,800 so with the price of $8,600 now, it's considered as cheaper price.

[UnDerDoG81]

I guess 7.xxxK before moon 

[Kemarit]

I don't think that the bears is talking over. It was reported that there is a hash rate flash crash, but for me this is just FUD or someone from behind is just manipulating the price to push the price down even further as the like time I checked the price is ~$8500. Well, if you have been in this game, we all know that BTFD is a good strategy as we have been complaining that the price is expensive at 5 figures, so take this opportunity to stash more at this maybe the last time that we are going to see the price at $8000. Bakkt or not, don't let this golden circumstances slip away.

[Reatim]

I don't think it is a good time buy Bitcoin now. It is still falling down fast. I am very curious about the reason behind this fall. This can be the first sign of a bull run I hope. We will wait and observe the changes on the price.

What do you mean by falling fast?did you checked the market this moment?Bitcoin price climbed up 300$ again so basically this is a good sign of recovery

We knew how volatility moves the market and if you don’t get the right rhythm for sure you will be late in investing lol

[cryptokwuk]

Here's my strategy.

1. Sell now, buy back at $4800, sell at $5500.
2. Buy back at $2800, sell at $3500.
3. Buy back at $1200, sell at $2100.
4. Forget about this Bitcon.

[Finestream]

And there is that panic again, come one, it's only over $8K now, soon we will be back at $9K then stable at $10K again.
I'm not sure why we call it a crash when BTC stats at $3K this year, even if we end at $8K this year, it's still something not to complain.

Better start accumulating now, because it will rise again, if it will fall, continue to accumulate, that's a good strategy that will give you a good profit in just a short period of time. Maybe we are set for a good rally in the last quarter that's why we have this dump so we can bounce back hard, that's what came into my mind now, hopefully I'm right.

[stomachgrowls]

I was able to enter 8300 price and shorted out on 8700.Rinse and repeat yet ive been trying to hedge out these volatility.
Majority are become hesitant to ride up these waves but to realize that these ones are the best times to day trade.
Price is way to tempting for you to jump in which either you can opt in for short and ofcourse for long term.
Bottom has never been known but we can at least presume.

[Yamifoud]

Nothing, as usual, the bending trend of bitcoin will be either taking it short or stay long. If we buy today it seems to be a good idea but if it will drop more, see to it that we can manage to hold otherwise, you'll just throw your money in the other hands. However, it positively that the price will rise back into $10k once we hit in the 4th quarter. But feel not guaranteed that we could make a huge market hike in this year, better to take any opportunity either it is small or big gains but at least we have some returns than of nothing.