Simple BITCOIN Analysis

[tunapa]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.

Trade safely .

[livingfree]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

No need to think about the risk if you are ever been into this scenario for so long. Every bitcoin investor is only waiting for the right time to buy and sell. And just like now, the price has a bit lower now so this is basically a good time to buy.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

It's FOMO.

We are used to it and those investors that never learn from their mistakes will keep on committing the same mistake. They'll always be in the between of breaking even or losing.

[logfiles]

The question is are you buying and selling bitcoin because of other people's decisions?
Of course people are trading bitcoin in hope of getting rich but the key thing, if you are a trader is to know when to enter the market and when too exit without being too greedy.

Greed is one of the biggest cause of losses to traders. At one point BTC price will definitely peak but let's worry about that tomorrow. Make more BTC today.

[Tipstar]

Most people certainly have a bullish expectation from the bitcoin market and the so called experts do put some high numbers in media that boost the morale of the investors.
Till people believe bitcoin can rise, bitcoin would surely rise. So, buying at every dips won't hurt as the won't stop anywhere below the last ATH.

[20kevin20]

Well, I mean there has to be someone at one point having a lot of money and willing to sell.

There can't be just buyers here. When you buy, someone sells their coins to you. Right? There's always going to be a person interested in buying and on the other side someone willing to sell.

The trend can't keep just like straight lines and parabolic upward movements, especially in this space where we basically can't really calculate how much Bitcoin should be worth, not even by approximation. There'll always be corrections.

[pooya87]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

not every time and not always.
it all depends on the overall market trend of that time. for example during 2015 to start of 2018 market was mainly in bull mode so every rise was followed by a correction (the drop you refer to) and obviously after the correction the rise continues so it may seem like after every drop there is a buy that brings the price to higher value.
but then during start of 2018 to first quarter of 2019 bitcoin was in a bear market so there was a downtrend and every drop was followed by a reverse correction and then followed by more drop.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

your conclusion depends on a big assumption that majority of the market participants are newbies who don't understand market trends.

[michellee]

No one knows what other people analyze because people will always try to buy low and sell high. But if somehow, they are buying bitcoin at a high price, they can cut losses when the price is down, or they still hold the bitcoin while they expect to see another higher price than can be more than the price they bought. The simple analysis for me will be if the price is trying to down, I will watch closely to see if the price is really down or it is just because of the order buy at the market. If the price is really down, I will set the price that I want to place so I could expect that my order buy will fill, although I will not always see my order buy gets fills in the next minutes.

[Assface16678]

No one knows what other people analyze because people will always try to buy low and sell high. But if somehow, they are buying bitcoin at a high price, they can cut losses when the price is down, or they still hold the bitcoin while they expect to see another higher price than can be more than the price they bought. The simple analysis for me will be if the price is trying to down, I will watch closely to see if the price is really down or it is just because of the order buy at the market. If the price is really down, I will set the price that I want to place so I could expect that my order buy will fill, although I will not always see my order buy gets fills in the next minutes.

One of the fastest-growing market transactions today is with the use of cryptocurrency and bitcoin the very own coin that has a good market price of value. Now many people making some investments to the world of cryptocurrency because they know the potential of this coin to make more income to a person but still there are some methods of earnings like gambling, investment, and trading. If you want to play with risk and fun better to play gambling but always think first what is a game suitable for you to avoid having some losses. Next, we have trading this action is like predicting the next market price of a coin it looks basic but the market is very volatile it is very risky too still it depends on your luck. Lastly is the investment most of the time people make a buy low and sell high strategy this is very common and profitable too and we have a different types of techniques how can we earn easily it is your choice how you will earn.

[davis196]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.

Trade safely .

Your case scenario will be true only if 100% of the buyers are buying Bitcoin and waiting for short term profits.Which isn't the case.I think that most of the buyers buy BTC with intentions to HODL for the long term.Only the bad traders sell at a loss.If the price is going down,they will just HODL and wait for a new bull run.This includes the people,who bought BTC at ATH price  back in December 2017.I'm sure that most of them will wait for years,so the price could go close to 15K USD,so they could sell.

[Baofeng]

This will always be the case, remember those irrational buyers in 2017? What do you think happened to them? I'm sure majority of them opted to get out and suffer a lost. However, they've learn a valuable lessons and a very expensive one. So come 2019-2020, they become smarter.

Now, a new set of investors are going on that same experience, didn't want to miss out, FOMO and then later suffer a loss. So it's cyclical and how much as we wanted to stop this, it won't as there are going to be newbies entering the market every year or every bull run.

[Ucy]

Buying the dips should be done with amount of money one can afford to lose. It's possible to just automate the "buy dips" with just $50(depending how much you can really afford to lose). I think it could even help a crypto community prevent serious price dump like what you fear would happen. I guess we could call this an unintentional dump prevention mechanism.

[bgaf]

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

Here is the thing. Even though people are unintentionally buying at high price, they just thought that it will be the bottom price already as market these past few days have been completely pumping especially btc.

Now, a new set of investors are going on that same experience, didn't want to miss out, FOMO and then later suffer a loss. So it's cyclical and how much as we wanted to stop this, it won't as there are going to be newbies entering the market every year or every bull run.

We arent sure of course these new set of investors are really new batch or just a try again once more for those who have been lost last 2017and eventually they hold till now. I dont think its always new newbies but already experience one who keep trying. Of course also millionaires who gained so much last time is probably investing also too. Dont forget them, as these wise people will also join in the game.

[yhiaali3]

So, what is your advice now, are we buying bitcoin or slowing down a bit until the price stabilizes, there has been a significant drop in the price and I am expecting a good buy right now. I want advice. Should I buy or slow down now?

[Gozie51]

I see deep as a time to invest and an investor should know how much to invest incase the investment does not go well as it is planned. This is what is called investment management. It is advisable for a crypto trader to know we are in a highly volatile market so that the shock from a further deep won't be much.

[nienzer]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.

Trade safely .

I agree that there is a certain pattern of trading - if the price drops, then buy, if the price rises, then sell, but Bitcoin is a rather unpredictable asset and this algorithm does not work in 100% of cases. Need to be careful trading this

[serjent05]

Let's remember BTC has a mind of its own.

What mind are you portraying on this? Is it the market manipulators? 

Bull trend always records a higher low and higher high, from the looks of the market, it is early to see a reversal but I agree that it is possible to happen.  For a trader, he should be well aware of this scenario and won't hurt if they only trade with extra money.  That way, they will never be affected that much if worse scenarios come.  If ever the price continuously goes down, it doesn't mean that they lost anything, 1 BTC is always 1 BTC, they just need to add more patience in their trading and sell them when profit is seen. 

Traders seek profit,
Bought at peak of the rally,
the price goes down,
add more patience and hodl,
the price goes up,
profit is seen,
sell.

It is a matter of waiting in the BTC market that is why it is best to buy it with excess money.

[BlackFor3st]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.

Trade safely .

No one knows when will be the peak of the market so it is our duty to not fall in this problem. If possible don't hold too much asset if you see that the price is continuing to goes down.

Your analysis is not bad but most of us wants to profit at any cost, so whether the bitcoin is very pricey we still bought because we think that it continue to increase. We have plenty of time to profit and there are very few times that we will lost if we will monitor the happenings in the market. Monitoring it daily is good if you can do it.

[LogitechMouse]

Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

Its because investors are looking for a perfect time to enter the market that is why after a correction, a rise up will happen. It is only a matter of bulls and bears. If bulls are stronger, price of Bitcoin goes up and vice versa. However, there are times that the bears are controlling the market most of the time like what happened in 2018 where the price of Bitcoin goes down very hard.

Let's remember BTC has a mind of its own.

Mind of its own?? Elaborate this statement you've made.

As far as I know, the market is being controlled by investors so if the investors will sell the price will go down and vice versa. Bitcoin isn't a robot that it can move on its own lols. Quite funny but.... Bitcoin doesn't have its own mind. It is just a coin and that's it .

[bounceback]

So, what is your advice now, are we buying bitcoin or slowing down a bit until the price stabilizes, there has been a significant drop in the price and I am expecting a good buy right now. I want advice. Should I buy or slow down now?

I think when the price of bitcoin goes down like now maybe this is the right time for us to buy bitcoin, but I don't recommend it for you because I can't stand it if you suffer financial losses because basically bitcoin trading is very high risk. in bitcoin trading we must have our own goals and experience to avoid losses, not ask for advice from others.

[ampere]

So, what is your advice now, are we buying bitcoin or slowing down a bit until the price stabilizes, there has been a significant drop in the price and I am expecting a good buy right now. I want advice. Should I buy or slow down now?

I think when the price of bitcoin goes down like now maybe this is the right time for us to buy bitcoin, but I don't recommend it for you because I can't stand it if you suffer financial losses because basically bitcoin trading is very high risk. in bitcoin trading we must have our own goals and experience to avoid losses, not ask for advice from others.

I think you do not need to have doubts, because the best time to buy bitcoin is when it goes down.
What you have to recommend is for each and everyone of us to do our personal researches and choose a convenient entry.

crypto currency investment is about researches, and making core decisions, excuses won't work.