Post
Topic
Board Speculation
Re: Start buying
by
magneto
on 23/01/2020, 22:49:04 UTC
Start buying the dip guys. Now is the moment ⏱️ to accumulate for BTC halving. Don't miss this low. I got orders from 8,3k to 7,9k. Going lower than that it will be difficult. But who knows. I still have some cash left in case it goes lower. Be greedy when others are fearful. ⚠️

Maybe you will see that I'm new in this forum, but that doesn't make me a newbie. Read the topic I wrote called "Backbone analogy for BTC current & future price movements" where I predicted that this dip would happen.

And of course this is only my personal view. Make your own responsible choices.
Good luck!  Grin

Indeed, I think that we're currently entering one of the last accumulation zones for rational buyers in preparation for the upcoming bull run.

The support for BTC at $7k is very strong as demonstrated by the quick rebound as soon as BTC dipped under that level just a month or so before. The sentiment within the market quickly turned from bullish to bearish just because of this recent downturn, which I think is quite an overreaction. There is really not much room for BTC to go down further.

Anyhow, I wouldn't recommend entering into leveraged bets. Just stick to the fundamentals by dollar cost averaging and accumulating when you can, and don't spend all your liquidity at once.