GreatArkansas (OP)
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Buy/Sell crypto at BestChange
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January 14, 2021, 03:21:50 AM |
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As we saw the recent dump of Bitcoin which resulted some huge liquidatations in histort. A lot of people saying that bear season for Bitcoin already started when Bitcoin dumped around 27% few days ago. For sure a lot of you there telling that, "I will wait for the pullback and buy more Bitcoin". But the question here, did you able to buy Bitcoin at dip or nah?   https://twitter.com/zackvoell/status/1349498747395452928?s=19 |
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bitmover
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January 14, 2021, 03:24:34 AM |
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The real dip was in 2018 and 2019. That was the time to fill the pockets . Now we just had a small discount  |
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Maus0728
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January 14, 2021, 03:42:00 AM |
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Nah! My commissioned drawing is currently having poor sales in my place and most of the revenues are being used for paying my tuition fees and stuff that I needed for day to day basis. Perhaps the only choice I only have is to Dollar Cost Average (DCA) whenever I got extra from various side hustles!
I wonder if there is still an instance where bitcoin can go down multifold as most of the people are now getting interested as compared from the previous years where skepticism from most people are present.
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mk4
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January 14, 2021, 03:43:50 AM |
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Always. Luckily I managed to DCA through that dip. If you're asking about most people though, I'm afraid some of them are waiting for something crazy like $5,000 or something lol.
On second thought, it's crazy how us crashing down to $20,000 would be considered a "crash" nowadays, whereas a lot of people were just dreaming and hoping for 20k a few months ago lol.
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pakhitheboss
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January 14, 2021, 04:10:21 AM |
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Actually, I think the real dip is yet to come for 2021. In my opinion, the bear market has actually not started yet. Bitcoin is still going strong if you actually check the USD value from the 14th of December. The dip you are referring to is can be manipulation by whales or a general profit booking. Today it is again up by more than 5 percent.
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kentrolla
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January 14, 2021, 05:15:31 AM
Last edit: January 14, 2021, 05:54:21 AM by kentrolla |
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To be honest I didn't entered at this dip I thought the market has started to drop but once again it BTC got the momentum which is really good to see, I have already planned to buy at 20k so I was expecting the same However the market has different thoughts and once again big players made a quick twist and now BTC price is recovering In my opinion if in case it breaks 40k then the next resistance could be 50k.
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KonstantinosM
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January 14, 2021, 05:19:59 AM |
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No, I run out of excess funds when I bought the dip at 18.6k a few weeks back.
If Bitcoin crashed down to $3 dollars, I'd be buying a few every week. And if bitcoin crashed to 5k, I'd stack some more sats.
The mainstream media could be talking about the crash, people on the street could be ridiculing the idiotic bitcoin believers who didn't see the tulip bubble ponzi scheme that bitcoin was and I'd be filling my bags.
It's not like an 85% crash couldn't happen again. Of course it can. I'm just factoring it in. Even if an 85% crash and another long bear market happens my position on bitcoin won't change and the technology will keep marching forward.
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Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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mk4
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January 14, 2021, 05:22:10 AM |
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Actually, I think the real dip is yet to come for 2021. In my opinion, the bear market has actually not started yet.
Dip =/= crash, OP mentioned a dip, and you're most probably referring to a price crash because you've mentioned a bear market.   |
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Lorence.xD
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January 14, 2021, 05:22:39 AM |
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The real dip was in 2018 and 2019. That was the time to fill the pockets . Now we just had a small discount If that is how you put it, that is right in a way. Nobody really knows when it is a dip after it happened. I did not bought the hiccup because I believe that it will be a temporary movement that will only spring the prices back to a higher point in the near future, the last spurt of prices back in 2018 was around the 15th of January so there is still some time left before something uncertain happens. |
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sunsilk
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January 14, 2021, 05:45:35 AM |
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That was a trap which many investors believed that we are entering to the bear market. I was able to bought the dip but just a little from it and I've taken profit when it's on peak, probably just luck and didn't let my emotion overcome myself.
Those who still believed that they can see the dip such as March 2020, they will find it hard to see it.
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KonstantinosM
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January 14, 2021, 05:47:42 AM
Last edit: January 14, 2021, 06:07:02 AM by KonstantinosM |
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Dip =/= crash
I disrespectfully disagree. All crashes are dips but not all dips are crashes. A crash is a dip but a dip isn't a crash. And no I don't mean the disrespectful part I just think it's funny. Edit: My post is awkwardly worded. I need sleep. |
Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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meanwords
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January 14, 2021, 06:40:09 AM |
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That $30,000 price range was like an early black friday sale in all of cryptocurrencies market . I don't know why people panicked when the support from institutional is so strong. If that is how you put it, that is right in a way. Nobody really knows when it is a dip after it happened. I did not bought the hiccup because I believe that it will be a temporary movement that will only spring the prices back to a higher point in the near future, the last spurt of prices back in 2018 was around the 15th of January so there is still some time left before something uncertain happens.
To be honest, you really can't compare 2018 to 2021. 2018 doesn't have that much support and only full of uncertainty from the investors who thought Bitcoin is a scam which we really can't blame them because of what happened to Bitconnect and ICOs. 2021 started with a strong support from all over the world. Even those who banned Bitcoin is trying to take advantage of it now. |
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0t3p0t
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January 14, 2021, 06:46:11 AM |
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As we saw the recent dump of Bitcoin which resulted some huge liquidatations in histort. A lot of people saying that bear season for Bitcoin already started when Bitcoin dumped around 27% few days ago. For sure a lot of you there telling that, "I will wait for the pullback and buy more Bitcoin". But the question here, did you able to buy Bitcoin at dip or nah? https://twitter.com/zackvoell/status/1349498747395452928?s=19Nah I am not able to buy at dip because I have nothing to invest but if only I have extra money why not? Yeah we have to accept the fact that dip is the best time to buy just like the basic "buy low sell high" that works all the time. Prices today is far more undervalued compared in the future. |
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idrisalomagold
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January 14, 2021, 07:31:24 AM |
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I though this sudden dip can be a corrective price action from impulse count since the price has managed to drop over 20%. However, it turns out to be accelerating further back for about 24 hours trading activities. Hence, people get to buy the dip price of nearly 32k had huge profit right now. I think this dip is a pure whale sell off and possibly a market manipulation given that it bounced back the price so fast. Considerably making the market highly volatile for a moment on bitcoin market... which in fact showing weaker buyers and that is the objective of getting out weaker holders.
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Alucard1
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January 14, 2021, 07:44:16 AM |
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I don't think that the real dip has already started, bitcoin could still go down this year 2021, I am hoping that it would happen and I will wait for it before I am going to buy some bitcoin. $30000 is not yet a good dumped for bitcoin, there's still more than that. I am looking for $20000 to $25k again before I buy some.
I really thought that this dip will continuos to happen but it is not because it already reaches again $37000 and continuous growing,
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AGD
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January 14, 2021, 07:45:45 AM |
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Correct version of your question: "Did you buy the dip?"
My answer: "Yes I bought the dip, but it wasn't the one in 2021"
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Iron Fist
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January 14, 2021, 07:49:57 AM |
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On second thought, it's crazy how us crashing down to $20,000 would be considered a "crash" nowadays, whereas a lot of people were just dreaming and hoping for 20k a few months ago lol.
Yes, 20k seemed pretty appealing only a month ago. Crazy! |
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LogitechMouse
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January 14, 2021, 08:01:09 AM |
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For sure a lot of you there telling that, "I will wait for the pullback and buy more Bitcoin". But the question here, did you able to buy Bitcoin at dip or nah? TBH, I already plotted $30k as my short term support but for some reasons I didn't know why the hell I didn't bought at that price. My fear got me again and I wasted another opportunity to gain some short term profits. I know that there are some here who experienced the same as mine but there are some who bravely bought at the dip and now happy with their profits. This time for sure I will buy at the pullback. I already plotted some short term supports and will buy from that price  |
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cryptomaniac_xxx
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January 14, 2021, 08:03:32 AM |
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Nah, not enough cash for me in the beginning of the year, LMAO.
In any case, those who have bought in this dip at the discount should be very lucky. And just by looking at their portfolio, the price is already on the way to make a good bounce and for sure they will feel happy that they take advantage of the discounted price and didn't wait for the price to hit $20k.
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Jawhead999
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January 14, 2021, 08:43:36 AM |
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Nah, I think Bitcoin will be dropped below $30K then surely I will buy it, but it's still around $32K so I think it's still bit expensive
Bitcoin is still bullish and has a potential to reach $50K in this year, I don't know why many people do panic selling until it drop to $32K. Maybe because some holders might think the season is repeat where after Bitcoin reach the new ATH it will be crash and Alt coin season begin.
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