Bitcoin Price Hits 2018 Low – It’s Time to Buy the Dip

[davinmark]

Hey Stakers

Well i just read the news, its says from a historical perspective, the most profitable strategy in Bitcoin has been buyingf the dip. This means that when the price drops notably, one purchases some coin, holds it, and later on when the price rebounds, sells it. 

The market cap of Bitcoin today found its 13-month low, at less than $93 billion, with a token price hovering around $5,300 and analysts projecting it will find its way to $5,000. Those in this game for any length of time can tell you that these drops often precede rocket rises

 If the price continues to trend lower, it will eventually hit a critical mass where it may go much lower. If that doesn’t happen, then what we’re seeing is decidedly a “dip.” In either case, history shows us that buying Bitcoin when it goes down is a solid strategy to realize good returns at a later time

 

So whats your thought? its the right time to buy?
Source : https://www.ccn.com/op-ed-bitcoin-price-hits-2018-low-its-time-to-buy-the-dip/

[blueprints]

I wish i had money to buy at that dip  ill atleasst advice my friends to invest

[williamshennie9]

I will only buy if bitcoin goes to $2000. Currently, I am holding my coins, not buying or selling and closely watching the markets. It just takes a small surge of buyers to get the price moving up again.

[Xantys]

I don't think buying in strong downtrend is a good decision. If I was a trader I would wait for trend reversal. Since I am not the one I just hold what I have.

[wry]

Today illustrates the problem of that thinking, what many traders refer to as trying to catch knives as they are falling.  Bitcoin was down when you posted, but (sadly) it is down even more today (~3,900 USD).  Remember that would be an amazing high for any year of Bitcoin's existence before the first half of 2017.

No one knows what Bitcoin's price will do, no one can know.  I hold because I love the ideals of the project - a decentralized deflationary currency backed by math - but that was true when it was .01 USD, there's no reason to think it can't go back to that.

I wish you luck with your trading!

[davinmark]

On 11/20/2018 at 7:04 PM, williamshennie9 said:

I will only buy if bitcoin goes to $2000. Currently, I am holding my coins, not buying or selling and closely watching the markets. It just takes a small surge of buyers to get the price moving up again.

Yeah absolutely. if the prices is touching $2k im gonna spend my ATM for buying btc

and right now im still holding my BTC . its really sad but i need my more patient to hold them all

[Kate]

Well people are still predicting this isn't the dip but just 25% of it. They are saying that a even bigger dip will come to Bitcoin soon. Hope what they say won't come true tho. Don't want Bitcoin to fall too deep down

[jualid]

1 minute ago, Kate said:

Well people are still predicting this isn't the dip but just 25% of it. They are saying that a even bigger dip will come to Bitcoin soon. Hope what they say won't come true tho. Don't want Bitcoin to fall too deep down

Oh please no , the price of bitcoin is already so low and i hope it will not go down more.

[Etude]

It would seems at this current point in time the most recent lowest dip seems to be over and the momentum for a higher price towards the year end seems to be starting now. 🤔

[Babagucci]

Hate to say it guys but it he correction is not done yet, I think it's has to fall to the prices it was at before it really started taking off ($1,500's). We have to wait for that before it really starts trending north again. At least that's what I have noticed with any asset or stock that has a massive bull run like bitcoin did. Just my opinion of course.