Buying the Deep (Bitcoin).

[arwin100]

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

Whales are having a fun time this period as the deep get deeper with Bitcoin correcting down to $55k at the moment, it quiet clear that a massive sale is still ongoing and those buyers with big bag are filling it up waiting for the pump to come.

a situation that is not expected that bitcoin will correct after ATH $69,044.77 - Nov 10, 2021 and continue to fall to the price of $56K and only once increased to $60K but not for long, back to a fairly long-lasting price at $56K. whether near the end of the month bitcoin will not be able to move or will it go down again? if it does go down, it's clear what you're saying that the Pope is having a lot of fun right now, seeing something that could be very profitable just waiting for the pump to come.

The market situation now is unknown since many speculate about it will pump at that timeline and also there are speculation that the bear market is coming and any of that maybe the best thing we need to do is to prepare for something worse and don't let ourselves to get eaten with the hype since its really dangerous to do some bad decision while the market is not going on good sides.

Maybe we can see the real picture on what will happen on it on December.

[carlfebz2]

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

Whales are having a fun time this period as the deep get deeper with Bitcoin correcting down to $55k at the moment, it quiet clear that a massive sale is still ongoing and those buyers with big bag are filling it up waiting for the pump to come.

a situation that is not expected that bitcoin will correct after ATH $69,044.77 - Nov 10, 2021 and continue to fall to the price of $56K and only once increased to $60K but not for long, back to a fairly long-lasting price at $56K. whether near the end of the month bitcoin will not be able to move or will it go down again? if it does go down, it's clear what you're saying that the Pope is having a lot of fun right now, seeing something that could be very profitable just waiting for the pump to come.

The market situation now is unknown since many speculate about it will pump at that timeline and also there are speculation that the bear market is coming and any of that maybe the best thing we need to do is to prepare for something worse and don't let ourselves to get eaten with the hype since its really dangerous to do some bad decision while the market is not going on good sides.

Maybe we can see the real picture on what will happen on it on December.

Always been an unknown one and it cant really be possible that you would able to know on whats ahead thats why we do continue to lose up money no matter how good our analysis would be.

Buying on the dip is on what we do always aim for but knowing the bottom would be always the toughest challenge for you to seek off
because it couldnt really be known.

It is called speculative market because the movements are way too unpredictable.

[Russlenat]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

[onecall123]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

There's no doubt that Bitcoin will rebound again. However, I wouldn't buy anything at the moment. Consider the different support levels for Bitcoin, figure out which one holds, then act accordingly. As of now everyone wants to go shopping on Black Friday.

For now, get some popcorn and enjoy the display. I have my USDT ready, if the market turns favorable, I'll get in.

[dimonstration]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

The new covid variant is somehow declared only today that maybe only few traders know it by now . Once there are more issues or number of users been affected the market may experience more dump but definitely can still go back in time. However today’s new affects the market alot and those who are able to buy earlier or in day trading can gain from the situation and now that many are buying in dip they can already consider having a profit. It’s quite risky to decide whether to buy more or to wait a little longer.

[el kaka22]

There's no doubt that Bitcoin will rebound again. However, I wouldn't buy anything at the moment. Consider the different support levels for Bitcoin, figure out which one holds, then act accordingly. As of now everyone wants to go shopping on Black Friday.

For now, get some popcorn and enjoy the display. I have my USDT ready, if the market turns favorable, I'll get in.

I would say buying right now is not really that terrible idea neither. I am not saying this is the best optimum price you could buy, there could be other places when it falls down that you could buy, all I am saying is that buying right now is not the best but it is not the worst neither. So if anyone wants to really buy bitcoin then they could buy bitcoin and they could wait and even if it falls down a bit more (not guaranteed) you could just wait it out and eventually you will be in profit.

Let's be honest 70k is not that far away and we all know that either in a week or in a year it will be 70k+ so buying right now is not a bad idea. I lowered the BTC part of my portfolio because I believe 10x is more possible with other coins now whereas bitcoin making 10x doesn't look that possible for the time being, it will be possible in the long run so I still have a huge part of it on bitcoin but lesser compared to past.

[TravelMug]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

The new covid variant is somehow declared only today that maybe only few traders know it by now . Once there are more issues or number of users been affected the market may experience more dump but definitely can still go back in time. However today’s new affects the market alot and those who are able to buy earlier or in day trading can gain from the situation and now that many are buying in dip they can already consider having a profit. It’s quite risky to decide whether to buy more or to wait a little longer.

I'm not sure if the new covid variant (I haven't heard of it), will really affect the market price. I mean we have been in the intra covid environment and this is the new norm already and it seems that people have adjusted.

I think the dip has something to do with other factors, such as FUD or just investors doesn't want to invest right now because the market is very undecided.

Of course there could be investors buying the dip, but it's not enough to push the market to at least $60K.

[GeorgeJohn]

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

It's not quite long you bought the bitcoin, but since you purchased the coin, it seems that the price is depreciating instead of accelerating, because right now the price is at fifty four thousand (54k). So the best option is that don't be in a hurry to sell because if you sell now you are at negative side, just allow it to stay and enter next year because the year has already round off and another level of cryptocurrency market will soon emerg. From my perspective it's encouraging to bitcoin and keep but i dont know for others.

[AliMan]

Just congratulation for your buying the dip though it not the actual but comparatively good. You've come a long way in buying bitcoin. The chances of Bitcoin rising up from here and expected to reach at 65k. Till today no one has faced to loss in bitcoin trading particularly those who are long time holder. I hope you will also get good profit. We have to wait for the next movement.

The next movement will be so unpredictable for now, some people might consider it as bearish but it's a huge opportunity for new comers to take another best entry. Day traders shouldn't miss this great scenario when we can still buy cheap btc compared from the last all time high.
Long term holders still keep their asset at safe haven, and one they're harvest them with amazing joy.

[Reid]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

Maybe, and I wish not. If it goes below that price we might see more panic from different small holders of Bitcoin.
There is always the idea of riding the dump and just try to buy it back after it finishes the dumping phase which sometimes takes longer than how it pump again.
Mostly, we see gain in short span of time and then it corrects again and I think they will try to take advantage of that if ever another dump takes place.

[Oceat]

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

The new covid variant is somehow declared only today that maybe only few traders know it by now . Once there are more issues or number of users been affected the market may experience more dump but definitely can still go back in time. However today’s new affects the market alot and those who are able to buy earlier or in day trading can gain from the situation and now that many are buying in dip they can already consider having a profit. It’s quite risky to decide whether to buy more or to wait a little longer.

I'm not sure if the new covid variant (I haven't heard of it), will really affect the market price. I mean we have been in the intra covid environment and this is the new norm already and it seems that people have adjusted.

I think the dip has something to do with other factors, such as FUD or just investors doesn't want to invest right now because the market is very undecided.

Of course there could be investors buying the dip, but it's not enough to push the market to at least $60K.

The name is Omicron as I just saw it on the news, well, whatever they call it—it seems that this will continue to evolve just like what they tell us in the past and I think it's a pain in the ass if you are one of the scientist or is it just me?

Anyway, it has been proven before that COVID and Bitcoin price aren't related at all. I think this is just the way how Bitcoin works or you may blame it to the traders and whales since they were the ones that making the price moves. Correction is just a normal occurrence everytime Bitcoin continuous to pump. Plus, this is also an opportunity if you are a trader, you can buy the dip just like what OP did but I think $59k is just too much to. Imagine when Bitcoin at $15k last year and you buy that time.

[Maslate]

Anyway, it has been proven before that COVID and Bitcoin price aren't related at all. I think this is just the way how Bitcoin works or you may blame it to the traders and whales since they were the ones that making the price moves. Correction is just a normal occurrence everytime Bitcoin continuous to pump. Plus, this is also an opportunity if you are a trader, you can buy the dip just like what OP did but I think $59k is just too much to. Imagine when Bitcoin at $15k last year and you buy that time.

Not directly related but the crypto market is affected with what is happening to the world, the good thing is that crypto were having a positive growth when stocks are down, and that is proven during the early stage of covid-19 where the world panics real hard.