btc dropping more then 39% in 24/h -

[mk4]

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

The bottom can be $3850 as there is sudden price jump after that. Besides, my opinion can be wrong because of the covid-19 virus situation . But let's see what will happen next. As none can predict the right price movement , we just need to wait . But if there is any bottom less than $3300 , it can be a threat to the bitcoin miners. Because the cost of mining 1 bitcoin will be higher than the bitcoin price and miners will be lost.

The bottom can also be $3500. or $3000. or $2000. or $1000. or $4800. That's the point. The point is that no one knows what the bottom is that's why it's not recommended to try to time the markets but it might be a better idea to simply average down instead. A lot of people think that they know what the bottom is just by putting lines over a chart.

[Review Master]

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

Look at the graph in this post and you will understand everything: https://bitcoin-post.ru/40-pochemu-upal-bitkoin.html

Okay Mr. Crypto Nostradamus. Because Taking a look at past market movements can predict future price movements right?

Basically , it depends on the world economy and bitcoin whales. If bitcoin price goes under the last bottom, whales can appear to increase the price. But we can say from the history of bitcoin movement that everytime there is a correction in the price of bitcoin when the bitcoin halving about to begin. After the halving , bitcoin's price also increase. This time , it can be happened or not because of covid-19 virus.

[Kuffy]

The virus is just the pin that pricked the bubbles created by the reserve banks. We have never had bubbles of the current sizes, and the collapse is being manipulated by various powerful elites. It is difficult to know who will win. The fiat currencies are likely to revert to their true values of zero, but this could be a slow process. What is obvious is that we should be buying hard assets to preserve wealth, and I believe that Bitcoin is a hard asset.

[Review Master]

The bottom can also be $3500. or $3000. or $2000. or $1000. or $4800. That's the point. The point is that no one knows what the bottom is that's why it's not recommended to try to time the markets but it might be a better idea to simply average down instead. A lot of people think that they know what the bottom is just by putting lines over a chart.

your word is right but all analysists aren't sure at there prediction because they also can be wrong. They just analysises the bitcoin price from there past experience and history of the bitcoin price movement. In the current situation , anything can be happen .But we have seen the past price movement when bitcoin halving's happened. In the past, we saw that there was a correction before one or two months of bitcoin halving. when the bitcoin halving's happpened, the price of the bitcoin started to grow.

At last , i just want to say that everything is unpredictable when it comes to the crypto-currency ecosystem.  

[Review Master]

The fiat currencies are likely to revert to their true values of zero, but this could be a slow process.

let's see . if it's happened, every county will jump into the bitcoin or crypto-currency and it can increase the price of the bitcoin. Also this correction can be stopped.

What is obvious is that we should be buying hard assets to preserve wealth, and I believe that Bitcoin is a hard asset.

yeah, i am agree with you that bitcoin is a hard asset and it's the alternate of fiat currency, also the solution of the problem of fiat.

[taufik123]

-snip-
The time to buy is definitely now when there is blood in the streets and the fundamentals haven't changed.

All markets are filled with blood.
The strongest support at $ 5k can't hold BTC down.
even today the BTC reaches the lowest price around $ 4.2k.

Fundamentally BTC is able to go back up with the support of several events that will occur before halving arrives.
and the peak can indeed occur before halving BTC or when halving BTC occurs. Halving BTC first and second shows that BTC has experienced a significant increase, hopefully in this third halving BTC is able to reach a new ATH.

source:Halving Day

[kryptqnick]

How do you know that it is in the right dip?

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

Yes, I agree with that. I am not going to buy, though, because I have enough already, and over the last couple of days I lost a lot (if we're counting in USD). I think that if not by, we should at least hold since selling even more out of panic or greediness (to buy at a lower price) might be too much of a hit, and it'll take a lot of time for Bitcoin to recover after that. It's not just Bitcoin that's going down, it's also S&P 500, for instance. I guess it means that crypto traders are at least following closely what's going on with the stock market if they're not the same people trading there.

[elmag398]

This is due to the corona virus crisis. most btc traders will definitely buy btc now and sell in the future when it rises. its a good business move.

[Kakmakr]

I think there was some kind of mix up with the concept of the Halving, because it is not supposed to be the price Halving with 50%, but rather the BTC reward in mining that is supposed to be halved!!!!

I have seen many BTC dumps, but this one is hurting! Earlier this year we started with a price around $7000 and dropping below that now, is a bit of a ball breaker for a lot of us, but we have seen this before and we survived the previous dumps, so this is just going to be a repeat of that.

The Bull market will come again and we just need to ride it out and buy more cheap coins, before that happens.  

Ps.. 14th of April 2019 the Bitcoin price was $3878 and look where it went 2 months after that ---> $12900. 

[NavI_027]

I have seen many BTC dumps, but this one is hurting! Earlier this year we started with a price around $7000 and dropping below that now, is a bit of a ball breaker for a lot of us, but we have seen this before and we survived the previous dumps, so this is just going to be a repeat of that.

Yeah! It hurts the most of us so bad because I'm pretty sure no one want's a lame market, 2020 s*cks . Imagine, we are approaching the bitcoin halving but we fall down again. I feel sad that we lose our momentum so I think we will not land on the moon in the near future. I don't want to become so negative but I'll understand if the price hike caused by the halving this year will not that so big due to the pandemic. Nevertheless, I'm ready whatever wilk happen. I'm just sitting here and continue observing.

[davis196]

Got money to spare?
Buy the dip and keep your stomachs cold summer..

Unfortunately I don't have money to buy some cheap bitcoins right now.Nobody knows where the price bottom will be.I guess that everybody is selling their bitcoins and getting some cash in order to buy more food and other important stuff.The market "sheep" ( the traders,who don't have any strategy and don't know what to do) are just panicking.Maybe the crypto whales are panicking as well,or they will deliberately crash the price waiting for price bubble during the winter.

[Slow death]

Got money to spare?
Buy the dip and keep your stomachs cold summer..


Lets not let a silly flue take over the entire global financial market even more than the media already has.

"Buy the dip". is a very nice word that I have heard for years. Have you ever stopped to think that if outside of China the cases of coronavirus are in their initial stages of contamination and the prices of the markets are falling worldwide, what will it be in 1 month when things are at a much more serious level? this is still not the worst scenario, so "Buy the dip" may not be good advice at these times. The best thing to do is to observe the next 2 months. You can tell me: "people can buy now for the price of $5000 and Hold for 2 years ..." if it were 4 months ago you would be right, but now the question is about survival, people's lives are at risk and and the worst scenario we will see from 30 days where hundreds of people will be infected and governments will have to take tougher measures and the panic will be even bigger than this current panic

latest news is that EU companies now are forced to prevent any spreading of corona.
and the US wants to terminate every travel TO, yet NOT FROM  the us area.
(of couse sourcescan be brought i wanted, but shouldnt be needed.)

this is a chaotic situation, I wonder how much loss people are taking because of this situation

[maydna]

A big dump already happens, but we don't know if the situations will happen again or not, but now, bitcoin price is trying to rise back the price, although it is hard to predict if the price can be back to $7000 or not. We see the bitcoin price now at $5300 after we reach $4493, according to Poloniex, but everything can happen later, so we need to be patient for a while. I am sure there will be a big pump that will happen soon that will make the price increase again because this time, people still got worried to see the bitcoin price decrease again.

[plvbob0070]

Yesterday, before I go to sleep I checked the price of bitcoin and it's around 6,000$ but, when I woke up I found out that the price is now around 5,100$. I'm sure this sudden big dump on the price of bitcoin will cause panic to others especially to the people who bought bitcoin on the price of 7,000$ - 8,000$+. This time might be a good time to enter and many of us will use these chances to buy more bitcoin and they will gonna hold it until the price recovers. I'm gonna use the money that I save to buy some bitcoin and maybe I will wait for more couple of days before I buy because there's a tendency that it will fall again just like what happened a few hours ago.

I've totally seen a full bloody market right now and I'm hoping to see a good market before the halving now and just stay safe guys.

[markmarissa]

Today is truly a unlucky day, not only for crypto exchanges but also entire the economic over the world. Bitcoin loss their 40% value, Corona become pandemic a few days a go, and I just lost my f*cking key of motorbike.

[Viscore]

Down 4 39% in 24 hours is not normal, this only happened because of panic, and therefore when the panic is over bitcoin will be back to its good price.
I have some spare money and that's definitely what I should do, bitcoin being down significantly means opportunity in front of us.

[DraGonD]

Oh, i even logged in here after a year to just raed all FUD here. You are guys like panics so much, not first and not last drop. But situiation is really not so good actually

[Assface16678]

Yesterday, before I go to sleep I checked the price of bitcoin and it's around 6,000$ but, when I woke up I found out that the price is now around 5,100$. I'm sure this sudden big dump on the price of bitcoin will cause panic to others especially to the people who bought bitcoin on the price of 7,000$ - 8,000$+. This time might be a good time to enter and many of us will use these chances to buy more bitcoin and they will gonna hold it until the price recovers. I'm gonna use the money that I save to buy some bitcoin and maybe I will wait for more couple of days before I buy because there's a tendency that it will fall again just like what happened a few hours ago.

I've totally seen a full bloody market right now and I'm hoping to see a good market before the halving now and just stay safe guys.

Today we are facing a large crisis about the market price of the bitcoin and now from the previous weeks of the bitcoin it already falls down rapidly form the previous price of 9000 dollars it is already falling for over 7k dollars that were huge within just a single week and now the price of the bitcoin continuously decreasing and that was not good news for the people who made a lot of investment at the early price of the bitcoin but still it is a good chance for having some extra income and profit with the use of market lowering the price because now we are facing that the price of the coin goes down for over 3.9k dollars and it is good if we make investment so we can earn more profit when the halving is coming and now we are recovering the market price of the coin and hoping it is increasing rapidly over  15k dollars.

[Oasisman]

The Bull market will come again and we just need to ride it out and buy more cheap coins, before that happens.  

And so does the whales are riding the pandemic, I guess they are trying to manipulate the market. Though the dump is caused by the people panicking as well, but isn't it the situation where we're in right now is the best entry point not only for the cryptocurrency but with the stocks as well?
Now, I can see why the media has been over hyping the news, to destroy the market and make the rich become even more richer.
Therefore, you are correct, we just need to ride it, because we're just riding with the whales' flow as well.

[White Christmas]

The Bull market will come again and we just need to ride it out and buy more cheap coins, before that happens.  

And so does the whales are riding the pandemic, I guess they are trying to manipulate the market. Though the dump is caused by the people panicking as well, but isn't it the situation where we're in right now is the best entry point not only for the cryptocurrency but with the stocks as well?
Now, I can see why the media has been over hyping the news, to destroy the market and make the rich become even more richer.
Therefore, you are correct, we just need to ride it, because we're just riding with the whales' flow as well.

I don't think that the big whales are the one who are behind this major dumping of the bitcoin and the market, this probably because of the down of the bitmex ledger who became lose around 2000 bitcoins and that would be really the major issue why the bitcoin suddenly dump on about 39% for just the last 24 hours.
Don't see this as a burden but think that it is a opportunity on us to buy a huge amount of bitcoin for the future happenings in the market.