How low can you go?

[davids355]

Bitcoin is dropping by the second. If you are not a buyer right now when would you start buying it?

 

[SamLewis]

I bought back at $3500. Now waiting till $3200. If it goes lower than that then I'm waiting till it starts moving upwards.

 

[davids355]

I bought back at $3500. Now waiting till $3200. If it goes lower than that then I'm waiting till it starts moving upwards.

Get ready to buy then, I think its almost at 3200 now :-/

 

[proxygo]

i think theres a guy on bhw after some for 15$, could be a long wait

 

[BotMastah]

I'm going to buy at around 2k. I've been waiting for this drop, and I knew it wasn't far off! I know it will rise back again, I just wanted to wait for the lowest point to get back in! I sold most of my old share off when it was 4800, and those were bought back when it was sub 1000, so I'm happy with my strategy! Hodl that shit! Disciplined holding is hard but effective!

 

[ContentWriter]

It's interesting to see fellow traders here. I'm going to trade the $2K-$3K range with the short-term support near $2K.

 

[seoworldservice]

Bitcoin is dropping by the second. If you are not a buyer right now when would you start buying it?

I'll wait for it to go up. It looks like its on a free fall.

 

[Chiefjop]

there's massive support at 3k so I don't think it will break it so low 3xxx is the moment to buy. Low 2xxx would be awesome though!

 

[Only$$$]

Traders from China may not buy any bitcoins, so it will drop harder.

 

[SamLewis]

Get ready to buy then, I think its almost at 3200 now :-/

I put an order in at $3241 but didn't have much confidence so have held some back in case there is another massive drop.

 

[ContentWriter]

I put an order in at $3241 but didn't have much confidence so have held some back in case there is another massive drop.

Hi, @SamLewis. Just my 2 cents. Consider buying in tranches if conviction level is not that high. $3K-$3200 is an interesting range to keep an eye with.
Intraday low is near $3,200 already.

 

[davids355]

This is why I still stand by bitcoin - it's not really like any other investment and it's like no other asset - even now when it's plummeting more people see it as an opportunity to buy it at a low price than as a bad sign.

I'll probably buy at 3k, 2.5k, 2k (if it goes that low) and I'll wait for it to go back up, which I have no doubt it will do.

 

[bartosimpsonio]

Are you guys buying bitcoin in U$ or using other coins? How are you buying BTC using U$?

 

[PinguSpy]

China can't buy any btc due to exchange banned

It can hit $2.9K

 

[davids355]

Are you guys buying bitcoin in U$ or using other coins? How are you buying BTC using U$?

I buy from local bitcoins.com and from coinify.

 

[bartosimpsonio]

I buy from local bitcoins.com and from coinify.

Been looking at localbitcoins. If the seller there is reputable, should be safe to do bank transfer, correct?

 

[davids355]

Been looking at localbitcoins. If the seller there is reputable, should be safe to do bank transfer, correct?

Yes that's right. Just make sure they have some decent feedback.

I have traded on there loads of times and never had a single issue.

 

[Deleted member 719276]

Wait, wait it will continue to fall tomorrow as well. I'm the BTC dog, listen to me.

 

[genito]

about 2k

 

[SamLewis]

its gone from 3200 to 3500 do you think it will go back down?