Btc dipping

S

Sgrbr420

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Oct 7, 2019
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254
Btc is down to 7200 and change and expected to bottom around 6000 before rallying although some are saying it could go as low as 2500.

Time to keep an eye on things and buy when it bottoms and with any luck it will be up in time for shopping xmas specials. 

 
I came to this section to check and see if anyone has posted about the low BTC dip :) I was considering buying some today to see if I could make a little $ in the next few weeks but since I don't have  alot to invest I'm not sure it would be worth it for me personally.

I am trying to figure out if I bought $100 worth and BTC climbed to $8,000 again, how much do I stand to make on my $100?
I am very math challenged- in case that wasn't obvious!! 🤣 Any number people around who could tell me a ballpark amount?

 
If it goes from 6k to 8k that is 33% increase so your $100 is worth $133 not including fees to buy and sell. Of course if it drops to $3k you've got $50

 
Personally I think the crypto markets are so heavily manipulated and investors so easily spooked that it is very unpredictable as an investment. Much of the volume being reported is known to be fake or trading bot driven on exchanges. It's the wild west still. If you are interested in actively trading there are sandbox environments where you can play trader, at least get a feel for how many variables you need to consider. 

There is an upcoming decrease in BTC block rewards, which ( combined with transaction fees) is how miners make money. The hope is that as BTC mining rewards drop and that slows creation of new BTC, scarcity will increase $. In mid May the block reward will reduce to 6.5BTC per block. About 87% of all BTC has been mined. It's capped at 21M BTC. Since there really is not a compelling use for BTC yet to drive demand it's all speculation.

https://coinmarketcap.com/ is a quick overview of the chaos that is cryptocurrency. BTC is just the tip of the crypto world, there are 3000 or so other cryptocurrencies seeking a part of BTC's market share.

 
@delawaredrew great post 👍 I know not enough, beyond trying to grab relatively low and spend when it blips back up. Or at least try to be aware of current direction when planning an 0rder

 
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Prices like now are why you buy the dips.. NYE it was ~$7k. Now approaching $9k.... that's free value.
I know not all of us can or want to do it but if you have the $ and expect to order, BTD. Or BTFD in some groups, you can guess what the F is :)

You can get burned too, if there's a crash; but in my experience patience makes money with BTC. That was a hard lesson to learn, exchange fees and tx fees will eat small profits.

If you want to really go for broke you can get widgets for phones to see price at a glance and quickly make a buy or set a stop/loss to save your $ if you use mobile exchanges. Riskier because if not keeping any BTC on an exchange you'll probably be too late getting there. Risky to keep it on an exchange too. That's crypto; risk on both sides, unknown in front.

 
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  8. Gulp2788 @ Gulp2788: whereas if I use fiat to buy something the money is green anyway. Monero does this really well. Anyway rant over, you can DM me if you'd like to talk more about cryptos.
  9. Gulp2788 @ Gulp2788: I don't really think that people understand the whole point of cryptos in the first place anymore. BTC just won't be adopted by governments because the transactions are too public and what's worse, money that is freshly minted is better than money that has been used. Like if my btc was used for something that was illegal does that mean the money is "poisoned"?
  10. Gulp2788 @ Gulp2788: @xenxra Yeah, Like I said I've never really been that fond of btc, it isn't used as a currency, just as a place for people to invest money in, even though the whole purpose of btc was to be a currency. If it doesn't fulfill that role, what does? Monero certainly does.
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  13. S @ sawganaut: I bet btc bottom is in
  14. D @ dragnetopher: No, I don’t think it. I know it. And it’s not just bitcoin, it’s all crypto. And like I said, they’re selling to acquire liquidity for when countries truly start utilizing what’s been set in place. The USD is under controlled demolition as we speak. This is all part of it.
  15. xenxra @ xenxra: there is no shortage of whales - https://tikolu.net/i/fmnru.png
  16. xenxra @ xenxra: tokenisation is not a plan its already been happening for months, ive been trading this whole move on silver through ethereum
  17. xenxra @ xenxra: you think whales are dumping bitcoin because of something everyone has known about for like 4 years? what does bitcoin liquidity have to do with trading tokenized assets? they don't have pooled liquidity.
  18. D @ dragnetopher: Whales are tanking BTC due to the fact that the future is coming now, literally. There’s a plan to tokenize every single asset possible. This is whales dumping so they can have liquidity for the Springtime.
  19. xenxra @ xenxra: @Gulp2788 this is a terrible spot to buy bitcoin haphazardly because it's going down another $5k -$7k if 80,000 doesn't hold. i told everyone to get the fuck out of bitcoin at $103k. it's better to buy late when the bottom is more certain than throw darts and act like the opposite outcome was unavoidable just because it went down "a lot" and everyone seems to be "freaking out". wait for it to get back over 85k
  20. xenxra @ xenxra: @aarons the last time i said monero was on discount in here it went up 5x in 3 months
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