Down below $9k! Buy the dip now?

[michellee]

I would say it is actually the best time to buy bitcoin now. It went lower than $7,800 USD and look how it is now above $8,300 USD! So people that bought bitcoin at the lowest dip actually already made some decent profit. The price is still low right now and now is your chance to put more money into bitcoin and make some sweet profit in the long run. Just keep holding it until you reach your desire goal!

Judging how the market was doing lately, I think its good to accumulate Bitcoin when the price hits below $8k, and then execute a short trade when the price will back up to above $8.2k. What do you think?
Holding on a long term basis is also good, but its better to take advantage of the market current movement as well.

If the price is still below $8500, it's a good price to buy more bitcoin, but if the price is above $8500, then you might hold for a while and wait for another downtime. But if you think that after $8500, the price will increase higher, then you can buy an instant at that price. But still, I don't recommend you to buy an instant because we should be careful if the price is down in the next few hours. Yes, people who bought bitcoin at less than $8k now are making a good profit, especially if they sell now and wait for another downtime.

[1714622404]

1714622404

[exstasie]

We need to move past 8500 to really go anywhere, the price is pushing on a weekly average but so far its not going very far at all.

This push to $8,500 lacked the momentum, volume, panic buying, etc. of a significant bottom. It's looking like a dead cat bounce to me. My bet is we're headed back down to the $7,000s, maybe even further if panic sets in.

I'm readying my bids.

[stadus]

We need to move past 8500 to really go anywhere, the price is pushing on a weekly average but so far its not going very far at all.

This push to $8,500 lacked the momentum, volume, panic buying, etc. of a significant bottom. It's looking like a dead cat bounce to me. My bet is we're headed back down to the $7,000s, maybe even further if panic sets in.

I'm readying my bids.

Maybe if go to $7000 people will more panic. Especially weak holder, it can cause more worse. For who want to buy in lowest price or maybe only low price without think about dip can be prepared. Usually it can happen if bitcoin price not reach certain amount of price in certain time. I don't have money anymore only can hold it longer. 

Everytime the price would go down significantly, we can see some panic, but you can also expect that there are people who like it so they can accumulate a good value at that kind of situation. This is just a game between the smart people and the investors who came in here not fully understanding what this market is and how this market behave, and of course, the smart people will always win.

[bitbunnny]

We need to move past 8500 to really go anywhere, the price is pushing on a weekly average but so far its not going very far at all.

This push to $8,500 lacked the momentum, volume, panic buying, etc. of a significant bottom. It's looking like a dead cat bounce to me. My bet is we're headed back down to the $7,000s, maybe even further if panic sets in.

I'm readying my bids.

Maybe if go to $7000 people will more panic. Especially weak holder, it can cause more worse. For who want to buy in lowest price or maybe only low price without think about dip can be prepared. Usually it can happen if bitcoin price not reach certain amount of price in certain time. I don't have money anymore only can hold it longer. 

Of course that people will panic, they always do, especialy users with not enough experiences. They don't understand that price fall is just a good opportunity.
On the other hand you can't expect that price will fall deep like 6k or even lower to buy and then to recover the very next day so that you can make quick huge profit. Things are not working that way, it's a long term process.

[michellee]

I would say it is actually the best time to buy bitcoin now. It went lower than $7,800 USD and look how it is now above $8,300 USD! So people that bought bitcoin at the lowest dip actually already made some decent profit. The price is still low right now and now is your chance to put more money into bitcoin and make some sweet profit in the long run. Just keep holding it until you reach your desire goal!

Judging how the market was doing lately, I think its good to accumulate Bitcoin when the price hits below $8k, and then execute a short trade when the price will back up to above $8.2k. What do you think?
Holding on a long term basis is also good, but its better to take advantage of the market current movement as well.

If the price is still below $8500, it's a good price to buy more bitcoin, but if the price is above $8500, then you might hold for a while and wait for another downtime. But if you think that after $8500, the price will increase higher, then you can buy an instant at that price. But still, I don't recommend you to buy an instant because we should be careful if the price is down in the next few hours. Yes, people who bought bitcoin at less than $8k now are making a good profit, especially if they sell now and wait for another downtime.

Market condition does not always come on our favorable side, currently price is at around 8.2k. Price crash does not  have to be viewed as disadvantageous because it somehow brings fortune and profit, it's the opportunity to buy, HODL it patiently and sell high when price increases and when market recovers.

I hope that the price is not down below than $8k because now, the price is stable at above $8k. So we could expect to see the price will go to $8500 in this month. But if the price is difficult to increase higher, then I hope it will stay at a price now, and that will give a chance for the altcoin to increase. Once the altcoin has the opportunity to grow, it will help the altcoin to get a bull run, and that means, we can make a bigger profit from altcoin in bitcoin amount.

[veleten]

think we are in this weird period when the buyers are waiting for the price to fall to start buying
the problem is that the volumes are low and there are no big buyers , the price is sitting in the 8.000$ area and shows no signs of going back to 10.000$ at the moment
the end of the year is usually positive for crypto , but this year it can be the opposite , would not surprise me to see a further fall
yet I'm hoping fr the 9.000-10.000$ price range come December

[gabbie2010]

I think this is not a good time to buy now because it looks like there is only a small resestance in buy orders that can lift up the price again back to 15k or more. 7.5k is good time to buy since it look like that price wont goes down anymore but that was just my openion anyway.

From charting point of view until I see an exhaustion bearish candle of the daily time frame of BTC/USD then I begin to watch how price react at the resistance zone of $7.5K then all will be set for a bullish runs else I will keep watching price action all these from my own technical analysis. it is not about buying dip now as the OP insinuated there should be kind of exhaustion of the bearish candle and some bullish signals indicated by some Japanese candlestick patterns like pin bar, bullish engulfing bar etc I will buy when those signals occurs.

[owengtam09]

As I observe, the bitcoin will go down even further and I think it is not about time to buy more bitcoin, try to wait for another week or another month, there is no potential of bitcoin to increase as of now I think but of course I want bitcoin to increase for me to get profited but maybe December is the best month for bitcoin to increase. 😁

[barota]

I think this is not a good time to buy now because it looks like there is only a small resestance in buy orders that can lift up the price again back to 15k or more. 7.5k is good time to buy since it look like that price wont goes down anymore but that was just my openion anyway.

From charting point of view until I see an exhaustion bearish candle of the daily time frame of BTC/USD then I begin to watch how price react at the resistance zone of $7.5K then all will be set for a bullish runs else I will keep watching price action all these from my own technical analysis. it is not about buying dip now as the OP insinuated there should be kind of exhaustion of the bearish candle and some bullish signals indicated by some Japanese candlestick patterns like pin bar, bullish engulfing bar etc I will buy when those signals occurs.

prices now around 8130 , strong dump ( at least 10 percent) can put up prices  to 7200
your prediction for price bitcoin (7500 per btc) can be reduced a little
i think the best price for buying lot it's under 7000 usd per btc However, this is a personal speculation
the investor is free to buy or sell at any time or any price,  because no one knows if prices will fall below 5,000 even

[Inkdatar]

As I observe, the bitcoin will go down even further and I think it is not about time to buy more bitcoin, try to wait for another week or another month, there is no potential of bitcoin to increase as of now I think but of course I want bitcoin to increase for me to get profited but maybe December is the best month for bitcoin to increase. 😁

Everyone has their own speculation about bitcoin price. Price ranging $8k and in just an hour it possibly may declined down below on 8k. There is always a possibility about btc to increase at least by year end if only a good more adoption can happen. At this point, we can wait a little to buy when reaches to our set price, so it is also depends on our goal to invest in bitcoin.

[davinchi]

As I observe, the bitcoin will go down even further and I think it is not about time to buy more bitcoin, try to wait for another week or another month, there is no potential of bitcoin to increase as of now I think but of course I want bitcoin to increase for me to get profited but maybe December is the best month for bitcoin to increase. 😁

Man, you remember those people that were waiting for bitcoin to plunge back to $3k when it rose to $5k/$6k? They are still main confused state right now as they have missed the opportunity to buy when they had the chance to do so because they were waiting for the price of bitcoin to still dip further.

When it comes to bitcoin investment, provided that we are yet to get to the peak of it, there is no time that is not right to buy bitcoin, if you ask him to wait a little bit further now expecting a dip to come more than what it is now, bitcoin may make a turn that will make such person miss the opportunity to buy at this $8k now. If I was to advise, honestly, I would tell the investor to just buy any amount that he feels he is capable of buying now first, then wait if it will plunge further to buy more. That is how you play the game in a volatile market.

[nydiacaskey01]

Problem is how do you know if the price that you see now is the so called “dip”? You may use TA to predict it but if another issue surface like fake news that affects the price of Bitcoin then, the dip that you are looking at may not be the dip after all. One thing I know of is that price of BTC is just temporary, it will go up but for now just enjoy the price of Bitcoin and buy if you have idle funds.

[STT]

Its not yet a dip buying opportunity , we open the working week with some weakness.    See how Asia fairs but we are at last deviating from the weekly average but its downwards pressure to start.   We are above the previous low so far but I would not guess on the dip as a buy just yet



Someone pointed out the 50 day and 200 day averages will converge but taking that a possible I think we have more time to go.   We went sideways for a while and only 18 days ago took a new direction down, that leaves us a few more weeks possibly until 50 day can move enough to match 200 day and maybe something occurs in a new pattern.   I think thats a rough time scale to look over moves and watch for price to process the previous sell action.

[febriyana]

If i see Bitcoin Chart today with price $8,210
it will still bearish to $7,000 maybe.
So wait it until really dip.

Hard to find why people want buy it in the future,
slow transaction, also some miners going to close operation. So hard the price will bullish in the future.

[CarnagexD]

At this moment the current price of bitcoin is around 8300$ and it still below 9000$. It depends to you if you going the buy the dip right now but for me, if you will going to buy a lot why not try wait more just like others who expecting that the price will go down to 5000$. Bitcoin is very volatile that's do not expect if the price will rapidly go down or will rapidly go up.

[Free1bitco.in]

At this moment the current price of bitcoin is around 8300$ and it still below 9000$. It depends to you if you going the buy the dip right now but for me, if you will going to buy a lot why not try wait more just like others who expecting that the price will go down to 5000$. Bitcoin is very volatile that's do not expect if the price will rapidly go down or will rapidly go up.

waiting is not a bad choice, it's just that current information about the development of bitcoin is quite good. I think those who expect a reduction in the price of bitcoin to $ 5,000 are those who are waiting for FUD effect.

I see this moment as an opportunity. like yesterday, the price of bitcoin once reached $ 8,700. if some investors buy bitcoin at a price below that, of course they already made a profit yesterday. I think the same thing will happen as long as the price of bitcoin is below $ 9000. when the price of bitcoin reaches above that, I think people will regret the choice to wait.

[liuqi]

If you see the one week chart, you will not able to confirm that this is the buy indicator. Most of the people feel that marketplace value might be goes at anytime.
When there is real growth you will find the market value for all the cryptocurrencies may go high
But seeing the current market trend we can assure for it.

[hahay]

Maybe for now, I don't think bitcoin prices will drop below 7k because for the past few days or in this quarter the temporary recovery has not even been able to touch 9k and only struggling in the 8k range and then fluctuations continue to occur very strongly. So thus, buying now or if you still believe prices will drop lower I think it is a freedom to determine the time to buy and be aware of the risks that exist.

[monineklutak]

If you see the one week chart, you will not able to confirm that this is the buy indicator. Most of the people feel that marketplace value might be goes at anytime.
When there is real growth you will find the market value for all the cryptocurrencies may go high
But seeing the current market trend we can assure for it.

in my opinion the current situation is indeed time to buy, but by using a good strategy,
for example buying 20% of the total funds you have is already very wise, because if bitcoin falls again it will go to the next support