Post
Topic
Board Trading Discussion
Re: Anyone predicted this new little dip in btc?
by
gekon
on 01/10/2017, 07:41:16 UTC
I'm just curious cause i thought that btc price would go up at around 4500 value. I traded these days at the 3850-4100 values and now i'm "stuck" in BCC.

yes it will go down for a while and i think its just correction before its back to increase. we can reach $45xx but we need to waiting and after we break the barrier, the price will go up more. i think if you don't sell right now, you can waiting for another high price soon so you can make profit too. just be patience once more time and don't be panic.
Regardless of the cause (you're possibly right, possibly wrong; but either way I think the effect will be the same), I've been holding on to a little spare fiat that I was going to buy more BTC with. The plan is to time it to get an even better deal than if I were to buy right now.
The interesting thing is that if there's enough people doing the same as me right now (seems likely), that reduces the buy pressure pushing the price down and once we do all jump in, it should rise again with a decent strength/speed. Some will then sell off for their 'quick profits', but there's enough hodlers out there (me included) that it won't just keep yo-yoing up and down.