Buying the current dip (~30k)

[xonar2]

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

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[iamsheikhadil]

I think buying at 30k$ isn't what I would do, I would have rather invested it into different coins other than putting it all in one crypto. With Elon Musk turning 180° on crypto, the future of a bull run seems dull to happen any soon. I am of the opinion that market will good down a lot more in the upcoming weeks.

[xonar2]

I think buying at 30k$ isn't what I would do, I would have rather invested it into different coins other than putting it all in one crypto. With Elon Musk turning 180° on crypto, the future of a bull run seems dull to happen any soon. I am of the opinion that market will good down a lot more in the upcoming weeks.

Good points. China banning BTC and crypto trade platforms today (and any transactions to them) also bleaks the prospects.

Many big miners are from China and they will now have a very hard time converting BTC to fiat to pay electricity bills for example.
They could also be panic selling.

Musk also planted the seed of doubt by pointing out many large miners (especially in China) use coal energy to mine coins rather than hydro, solar or wind.

There are also rumors Tesla did a BTC dump on Monday, but those are only based on a vague single tweet.

I would diversify into ETH or smaller cryptos, but frankly believe I don't understand them enough to justify the purchase.

Bitcoin is somewhat easier to understand, at least for people who have been in the 'scene' since the early 2010's.

[Luzin]

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

For the short term I think if you have made a profit please sell it. If I look at the Candle there is strong support at the 28,800 area. The current price had dropped to 29,500 then bounced back to the current above around 36K-37K. Be careful if the support is broken it might drop in the 20k area. My advice please buy not all your money.

[pantgaurav]

I think the China crackdown will pull the market further down , below 30k as there will be panic selling atleast across China since they won't be able to cash on their crypto, buying in this dip will be profitable  in future.

[Woodie]

And did see a few charts being posted by some pro traders and they say price will hold at this price, just hoping this is not just some ordinary speculation.

Looking at the chart at the moment is scary, but what goes up must come down,market has been in this uptrend for some time and it's only fair it corrects to show us the real price.

[todiefor17]

Going from over $60k to $30k is a good buy for Bitcoin right now. We can buy now and hold the investment long enough or sell them when the price rebounds. The rapid drop in value is also an opportunity to buy because I know that the market will recover.
Another thing is that Microstrategy always bottoms Bitcoin. Paypal is making Bitcoin available to people all over the world so Bitcoin will have an extra market and a price increase is bound to happen.

[Fortify]

-snip-

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

This probably deserves to be in the speculation section because it is just your opinion on the price of Bitcoin and whether it is a good time to buy. I saw Bitcoin hit $35k earlier but didn't know it had dropped to $30k, are you sure it dropped to $30k USD as you intermingle currencies later in in your post? Most traditional traders will tell you to follow trends and while it has bounced back a little, it is still on an overall slide from the $65k it hit a few months ago. It's worth remembering that earlier this year Bitcoin was still selling sub-$15k and there is a lot of bad news right now which might push it down further. Many bitcoin holders might not even be aware of the drop until this weekend when they check, then get scared and cash out everything to further depress the price.

[kojektea]

Bitcoin has strong support there, Do not know whether to panic now or not. I'm sure bitcoin recovery soon, if bitcoin continues to fall then it's very destroyed also for altcoins.

[xonar2]

-snip-

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

This probably deserves to be in the speculation section because it is just your opinion on the price of Bitcoin and whether it is a good time to buy. I saw Bitcoin hit $35k earlier but didn't know it had dropped to $30k, are you sure it dropped to $30k USD as you intermingle currencies later in in your post? Most traditional traders will tell you to follow trends and while it has bounced back a little, it is still on an overall slide from the $65k it hit a few months ago. It's worth remembering that earlier this year Bitcoin was still selling sub-$15k and there is a lot of bad news right now which might push it down further. Many bitcoin holders might not even be aware of the drop until this weekend when they check, then get scared and cash out everything to further depress the price.

https://finance.yahoo.com/quote/BTC-USD/history/
It dropped to $31663 to be exact, about a couple hours ago. Had to double check.
Wasn't quick enough to notice that drop. That would have been an appealing purchase.

Anyway, I was just wondering what other people think about buying during this dip as it's exceptionally large (for 2021).
I don't encourage people to buy who feel uncomfortable with it. I do also believe in long term holding.

I agree with you that most holders don't check daily and will be in for quite a shock when they log in.

[maydna]

I hope you don't miss the chance to buy bitcoin in a flash dump at $28k a few hours ago. Bitcoin price is really down below $30k, but then the price can back increase quickly, and now the price is traded at $36k. I am afraid that the price can go down again a few hours later since the bitcoin price is still at a downtrend. But I do not worry because I hope I can buy more bitcoin, and perhaps, there will be any flash dump happen again. But you can buy bitcoin at the current price, but you need to remember that this situation is not good to buy instant.

[pinggoki]

To be honest, I am not sure if $30,000 will be the final dip of this market because upon seeing today the price of the bitcoin which is dip already is $38,000 in which it just happens for almost a night. The whole market collapse and the price of each coin dump just over the night which we clearly see how risky to buy on this dip right now because we don't know if the market will continue to dump or not especially when it comes to bitcoin.

[tabas]

Consider it as a good buy. Every time that you buy bitcoin, that's already considered as a smart choice and if you've bought it lower from the quite high prices that it has reached before then you just did a great decision. I'm planning to buy as soon as possible, as long as the price is below $40k, that's certainly passed my set price of buying.

[taufik123]

$ 30k is the lowest price to date. This drastic drop sent all altcoin prices into freefall. Buying some at the price of $ 30k is the right choice, buy some and wait for the price to rise. I am sure the price of bitcoin will go back up and higher than the current price. The possibility to achieve new ATH is also still there and many predict that the new ATH will certainly be achieved soon.

[milewilda]

Bitcoin has strong support there, Do not know whether to panic now or not. I'm sure bitcoin recovery soon, if bitcoin continues to fall then it's very destroyed also for altcoins.

When it comes to trend direction then basing off all on the years we had observed where Bitcoin would be the main player when the time it dips then next will be altcoin in next in line.
Basing off with technicals then this would be a good spot to buyback but never ever exclude the possibility or chances that the dip would even go lower.
So its a matter of choice neither you would risk to enter this price point or would hold back a little more for more lower price but it seems
the support on this level is a bit better or can really held on.

[teosanru]

I believe 30k was a good point to buy but I missed that as I was not home or monitoring the market. The drop happened very fast.
Personally, I bought more today at 36k. At about $1100 usd worth of fiat or 900 eur.

I have some long time holdings, which are obviously down quite a bit since 2 days ago.

Without the dip I would have bought anyway but gotten less btc. Now I got 0,03 from this trade.

Just wondering if anyone else (normal traders, not whales) is considering buying the dip or if you are waiting for the price to go lower than 30k before considering buying.

30k is a good support and we have tested it after quite long, I remember the previous rally of Bitcoin started right around these areas. But currently I don't see a huge rally coming up. We are currently in a down trend and some of us need to wake up that it's really something more than a correction this time. I do believe 36k was a good buy you might be able to sell at 50k pretty easily this way but I highly doubt that we are going for another all time high anytime soon now.

[DatKing]

I'm wondering whether the price could go even under 30k dollars soon. China's decision about imposing a ban on cryptocurrencies affected Bitcoin price and the rest of the market also very badly. I also missed 30k. If I came across, then I guess I would buy some Bitcoin from that price. 

[Desscount]

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

[$crypto$]

In everyday, bitcoin is still stuck at $38k if $30k is the last drop then we need to prepare for it but we will see how the overnight movement was so fast that almost the whole is in free fall and I see the global crypto market is going down even more by 18% so if it looks it's scary.

We don't know how collapsed bitcoin was but I am sure the recovery will definitely happen and this is indeed a lot influenced by FUD, especially whales who take advantage of the moment where they sell it simultaneously.
But we have to think more deeply, is it possible that whales like Elon and the others are buying now?
Or a prolonged bear market.

[maxreish]

There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness,
I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.

But it will be counterpart by some good news soon so these dip @ 30k usd is a good opportunity to accumulatd more bitcoin. Weve seen the recent ATH reached and we would rather buy at this price and to wait for that another boom soon. But then again, the market is suffering and so does the long term holders.  As we all know these is how cryptocurrency works. Dip market means a good time to buy more coins.