Ninjastic
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Re: Down below $9k! Buy the dip now?
by
Malsetid
on 02/10/2019, 12:41:19 UTC
Quote from: pooya87 on October 01, 2019, 05:04:09 AM
Quote from: Finestream on October 01, 2019, 03:53:50 AM
Quote from: Rune on October 01, 2019, 03:14:10 AM
I would not buy this dip honestly you should have been buying in the 3-4k range
now we are in uneasy territory and you are just taking a risk buying bitcoin right now

We should, that's like if... we don't do that when investing, we don't look at the past and hope we could have bought at that moment. F
Face the reality now, if we see some value then we buy.

I think we have some good movement today, and this might tell that we its right to really buy at dip at $9K and below.
BTC is now up 5.79% and the altcoins market are doing well, if this will continue, we might see it back to $10,000 in less than a week.

the thing about buying dips is that those people who always buy the dips are already buying the dip and enjoying the discount that the market offered them at this time and out of nowhere! and those who never are not going to change their mind with a topic like this. these people always panic buy later one when the price already went up. like the $3k range, when they were saying they should wait for $1k to buy and $3k-$4k is way too high! then they panic bought at $6k instead!!!

That will be easy if you can afford to hold on for a long time. We don't know if the price will go back to the sub 5k levels but there's always the possibility that it will. If you're willing to ride that kind of fluctuation and wait for another recovery stage, then buying at 8k won't be such a bad idea at all. Again it's all about how much and how long you're willing to risk.