How low can you go?
- Thread starter davids355
- Start date
- Apr 25, 2011
- 19,849
- 28,315
Yea I think it will still go down again.
RayMayLaidPipeDay
BANNED
- Oct 30, 2016
- 256
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Guys listen 3K is the bottom, this is just accumulation on china fucking around. The thing about bitcoin is about vol. the price is not important. Why? Because the biggest concern of bitcoin going mainstream is its volatility, and the powers that be will not allow another 50 percent cut . I'd accumulate right now, or get into XRP or ARK.
- Mar 21, 2013
- 24,764
- 31,554
Great. Will give it a shot soon.
drogon
Elite Member
- May 28, 2010
- 2,812
- 1,473
Im expecting BTC to go down to $2000 over the next few weeks. there will be some rally and support at $3000, but will then fall right through that after and down to $2k $2.5k range which is when i would consider buying in. This is more a price correction (due to crazy bubble prices) rather than a crash. So anyone buying now is just losing (more) money.
ContentWriter
Banned - Selling via PM
- May 8, 2013
- 5,735
- 975
The intraday downward trend is so strong that BTC did not manage to get out of the downtrend channel. Respecting your risk tolerance when trading this cryptocurrency is advised. If you managed to get into this when BTC was below its current price, it is better to have a trailing stop-loss so you can achieve these 3 Ps.
- preserve your capital
- protect your gains
- prevent the occurrence of losses beyond what you can only handle
On a personal standpoint, I won't go all-in even when the price enters the range I'd to trade because no one really knows the true bottom of its price.
We're all talking about probabilities and not guarantees when trading either cryptocurrencies, forex, or equities.
When the conviction level is not high and when you have no data that can support your bullish outlook (like when you're only driven by pure gut feel and not by data), I always go for buying or selling in tranches. This way, I don't get wiped out of the game so soon. Don't get whipsawed.
- preserve your capital
- protect your gains
- prevent the occurrence of losses beyond what you can only handle
On a personal standpoint, I won't go all-in even when the price enters the range I'd to trade because no one really knows the true bottom of its price.
We're all talking about probabilities and not guarantees when trading either cryptocurrencies, forex, or equities.
When the conviction level is not high and when you have no data that can support your bullish outlook (like when you're only driven by pure gut feel and not by data), I always go for buying or selling in tranches. This way, I don't get wiped out of the game so soon. Don't get whipsawed.
RayMayLaidPipeDay
BANNED
- Oct 30, 2016
- 256
- 66
Content writer is a smart dude, i can attest to that (even if you dont quite know who i am man i know you ; ) )
The only thing i say is if you look at the chart 1Y we've had a 30-40 percent drop for a week interval every few months in the 1-5K rise, be smart but also understand that the fish and the uninformed see this as a cause for panic and negativity, the whales of crypto see this as cheap coins.
https://www.blackhatworld.com/seo/insider-guide-to-btc-crypto-whats-happening-for-crypto-newbs-especially.972497/
I just made a guide, almost 6 years being on the forefront of bitcoin and crypto exchanges, i hope the knowledge i spread helps you not be shark food
The only thing i say is if you look at the chart 1Y we've had a 30-40 percent drop for a week interval every few months in the 1-5K rise, be smart but also understand that the fish and the uninformed see this as a cause for panic and negativity, the whales of crypto see this as cheap coins.
https://www.blackhatworld.com/seo/insider-guide-to-btc-crypto-whats-happening-for-crypto-newbs-especially.972497/
I just made a guide, almost 6 years being on the forefront of bitcoin and crypto exchanges, i hope the knowledge i spread helps you not be shark food
RayMayLaidPipeDay
BANNED
- Oct 30, 2016
- 256
- 66
BTW heres the image
https://www.blackhatworld.com/seo/insider-guide-to-btc-crypto-whats-happening-for-crypto-newbs-especially.972497/
https://www.blackhatworld.com/seo/insider-guide-to-btc-crypto-whats-happening-for-crypto-newbs-especially.972497/
SoccerLover
Elite Member
- Jun 12, 2014
- 5,007
- 2,773
Dave Bro, try to buy when it comes in 2.5 to 2k range. I feel, it will come in that range.
Stealth Kill
Junior Member
- Mar 6, 2016
- 168
- 88
I read somewhere that 90% of btc was owned by the chinese. I think it will drop very hard.
- Apr 25, 2011
- 19,849
- 28,315
I read on twitter just now that chinas biggest BTC exchange has released a statement to say it will stop all trading on 30th September.
So I'm thinking that is gonna keep dropping until then. On or after 30th I will consider buying some more.
I bought most of mine when they were around 2.5k anyway so I'm not too worried. I was gonna sell at 5k but I didn't end up doing so. Don't really regret it because something is telling me I should just hold on to them.
SoccerLover
Elite Member
- Jun 12, 2014
- 5,007
- 2,773
Just hold them, bro, I guess it will reach 4.5 mark again. May be at the start of November what you say?
tb303
Supreme Member
- Dec 18, 2011
- 1,238
- 909
https://www.viabtc.com/announcement/detail?id=11
ViaBTC closing on 30th September as well. Nothing from Okcoin or Huobi yet but you can probably bet they will not be far behind.
How will Chinese miners cash out their earnings?
Deeper we go.
ViaBTC closing on 30th September as well. Nothing from Okcoin or Huobi yet but you can probably bet they will not be far behind.
How will Chinese miners cash out their earnings?
Deeper we go.
drogon
Elite Member
- May 28, 2010
- 2,812
- 1,473
The bad news might not end there (30th sept) and between now and then there might more attacks from the traditional $ establishment and maybe USA announce they too will start regulating ICOs this or next month....could be difficult few months ahead for Bitcoin.
Centimetro
Newbie
- Aug 30, 2017
- 45
- 15
Boring week so far. Nothing really acutally moving.
Have the recent movements and consolidation made anyone in this thread change their mind about where we're headed?
Me, I took a position that it would drop again for a while before eventually rising, and that hasn't paid off yet, but I haven't seen a strong enough reversal to make me change my strategy yet
I did vote "buy at $3000 in the poll", but then I wussed out and bought at $3200.
Have the recent movements and consolidation made anyone in this thread change their mind about where we're headed?
Me, I took a position that it would drop again for a while before eventually rising, and that hasn't paid off yet, but I haven't seen a strong enough reversal to make me change my strategy yet
I did vote "buy at $3000 in the poll", but then I wussed out and bought at $3200.