Noone knows what will have the better outcome between keep waiting for a big correction or go all in just now or on next small dip. The only thing I can tell you is, if you already have the funds on an exchange which in fact means you are already accepting some minor risk (unless it is Bitfinex, in which case the risk is way above MY threshold level of acceptable risk), you can do some "hedging" on your going in.

For example, you can go buying in small quantities and depending on evolution of the price decide what to do next. If it goes down, you can either increase your funds "in" or wait for a deeper bottom, if it goes up you can also keep increasing the ammount and setting some stop losses, etc etc....

Just an idea.... But in the end what matters the most is if you are investing on a bull market or a bear market (long term).  

Ultimately you gotta figure out what works for yourself.


If you are just starting, you may want to buy with 1/3 to 1/2 of your total amount right away, and then just attempt to strategize with the rest in case the price goes down.  it is not easy to do, but like you said if you continue to wait and to wait and to wait,then you don't have any stake in the game in the event that prices do not sufficiently dip to your target price, whether that is $1300, $1200 $1000, $800 some other price point.

In other words, invest some and dollar cost average with some and attempt to buy on dips with some, and over time you should be able to accumulate bitcoins and to be profitable... but it could take a while.

ive been buying from 0.05s

Bittrex is on fire with 0.14 BCC/BTC.

These guys are not thinking strategically.

It may take years from now, but I will wait until the pumpers have control of 95% of the BCH and an ultra thin market float, and they decide to pump BCH to the absolute moon. I'll wait until it has peaked to new lofty heights, when there's talk that BCH is going to overtake BTC, and all that other organized FUD they will be spewing.  

Then I will dump all.  

Oh, dear! I was struggling to get 10-20% from BTC on kraken, while I could've gotten 700% from BCH   Unfortunately, I was too blinded by the BTC trolls that BCH would be dumped hard to say 5-6$.   Now it's too late and if I am tempted to catch the moving BCH train I will lose all with my bad luck... I guess when the exchanges open for deposits it will go down significanly, but it doesn't matter for me.

Mid-lesson. The hard way.

The fuck is going on ? I just made like $200k in the span of 5 minutes...

Ex-miner. Long time hodler.

Don't envy him. He was smart to HODL.

You should HODL too, and not sell when it reaches a ATH.

So awesome!  Hoping $3,000 can become our new floor. I think it was a psychological resistance point where a lot of people would sell. Let's keep this green candle growing.

CME and Wall Street, BCH failure, public awareness and adoption, etc
This strong rise has been on the cards for a while

hmm. Im watching 8-8500 area. 100MA + FIB conclusion. would be nice point of entry  

shit the aliens have invaded

Really? What if I tell you that bulls are giving a chance to buyers to get rid of their tethers and get into bitcoin a bit cheaper than at more than $8000?

I don’t think so Tim.

ok fine let's do the deep dive now and get it over with

Where did you get the inside scoop?

Of course you do.

I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression.

I really wish you people would stop talking about me when I'm not here.

Which explains the dump we just had. Fuck Karpeles.  

How many Gox coins left to move?

We are back to $9400.  Won’t somebody think of the charts?

On the daily, it’s starting to look like building towards another upwards snap.  All we need now is a narrowing wedge and for volume to drop to nothing for a day.

On the weekly this is the longest sustained run of green candles since the December bull

Go 10x margin long, all in, to prove your confidence

I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.

triangle broke down? RIP


8875

Gotta go to 8800 at least for a inverse head/shoulders... really should be at 8500

https://www.tradingview.com/chart/BTCUSD/esjLrj7B-BTC-INVERSE-HEAD-SHOULDERS-4HR/

This guy says 8300 I tend to agree. It looks better that way. Need a day or two down there. Then Boom.

What formation is that? We are still above 8700 because the dump just started 1 hour ago. Dumps can go on for days, any real correction is a weekly trend.

Haha know some whales do you? I'm usually wrong... this is true. But for the inverse h & s it's just not gonna look right without some real shoulders. Bulls need to trap a few more bears here.

Are you working with the Bitfinex pumpers? 

people that think they know what is going on are so

...

tiresome

So, what would be really interesting : how deep will the retrace go? It is like the French say "Reculer pour mieux sauter" ?

I think it will retrace to ~9400 and take at least a few days to get to 10000, minimum.

The price is nice and steady around $9,650. Just waiting for the next pump  

 

But...vegeta... 

You should be looking at the daily 200 MA instead which has been resistance since bitcoin had a Death Cross on Mar 29. A Death Cross is the daily 50 MA crossing below the 200 MA and technical analysts consider it confirmation of a bear market. Once in a while there is a false Death Cross that fakes out the traders but for the bull market to resume price first has to break through the 200 MA on volume and the 50 MA must cross back above the 200 MA and rather soon I think.

I'm so busy looking at bearish formations I haven't even notice that BTC is attempting to complete an Inverse Head and Shoulder pattern (Bullish), be careful now as Bitcoin has previously formed and failed this one before it sends this back down to 6,400$. Now the current scenario is that MACD and RSI is on our side together with the pattern and it is heading over towards the bullish side, if Bitcoin goes above 10,000$ we might see BTC go up to 10,700$ and could potentially balloon up to 14,000$, but that target has the least chance of happening.

Even though your prediction is reasonable, you have to prepare for your prediction NOT to come true, and when you assert "never" 4 digits, except for "big disaster" you are too absolute in your view point.  Even if we break above $10k and stay up there, there are a lot of reasons that we may return below $10k... so even though I agree with your bullish assessment, you seem to be framing your perspective with too many absolutes and not allowing for the likely ongoing volatility of this BTC market, including to the downside for a variety of reasons.

Believe me, I am more benefitted by UP rather than DOWN, but I don't see how we can assume away down scenarios merely based on some TA mumbo jumbo - even if there are a lot of decent assumptions that should be built into the TA that includes the solidness of Bitcoin's fundamentals, there continues to be decent likelihoods for down scenarios, including scenarios in which various alts could assist in bringing BTC prices down for a considerable amount of time (before our next explosive bull run).

I tend to be bullish too, but I would rather attempt to stay grounded in reality and to prepare for either price direction.  I also don't see any need to propagate the bitcoin vision because I already recognize bitcoin as a better mouse trap that will attract the masses to buy it... even though it may take a considerable amount of time for the masses to jump onboard  - however, there is no need to rush it because the fundamentals are there and many of us will advantage by a more gradual raising of the price and the fact that there is disparate information.  those of us who know about bitcoin and who are investing into bitcoin early are going to advantage when the masses come on board, which may take a large number of years, and it does not do much good to exaggerate the UPSIDE scenario when both UPSIDE and DOWNSIDE is going to continue - with the UPSIDE likely prevailing (even while it could take a quite bit of time to unravel).

Don't get me wrong because I really love bullish perspectives, and so I will be a lot more tolerant when a bull spouts off bullish predictions without backing them up, as compared to bears, and part of the reason is that frequently bears are merely trolls or shills, even though every once in a while they do have something useful to say.. rare but true.  

Also, I do recognize that regular peeps do tend to talk in absolutes, to exaggerate a lot and maybe even there is some gambling mentality that is mixed in there - so when we are on the interwebs, sometimes guys, including myself, might go on the attack, if you are making assertions that do not seem to be very realistic or very backed up by evidence, even if we agree with the direction of your prediction.

Finally, bitcoin (and alts, as you say) can be really fun to learn about and to figure out ways to make money on them or at least to use as a learning tool, and with bitcoin, specifically, there is always so much to learn and even battling the deluge of misinformation to sort out facts from fiction and to filter out propaganda  - that even comes from good intentioned folks can be a very decent and ongoing learning experience, so don't get deterred from spreading and fixing up your opinion, even if peeps (including me) might attack them from time to time, because we can frequently learn from batting around ideas, whether related to bitcoin trading, price movements, predictions, fundamentals or otherwise.

Edit:

By the way, we have not really experienced any significant correction since $6,700 (unless you want to call this week's about 11% correction from $9,750 to $8,660 as significant and/or sufficient?).  

So at our current rebounded BTC prices, of about $9,800, we have a 45% BTC price appreciation without any meaningful correction.   The non-existence of a significant correction does not mean that we must have a correction, but there does remain a bit of an incentive for some of the whales to cause some price correction (manipulation or whatever you want to call it) in order to take some profits and to shake out some weak hands and to purge some longs... so sometimes, corrections can have momentum and even we could get stuck in a correction for a while before we would be ready to break above $10k.  

Yeah, of course, I am o.k. with breaking straight and directly above $10k too.. so who gives a shit if the poor lily whales get their anticipated price correction or not... I'm just saying.. that ongoing upwards in price movement should create normal incentives for down.  

Good news! The bidwalls on bitfinex are real
Bad news! They're being eaten!  

EDIT: 9k broke, fresh 1k wall popped up at 8880 after dumping to 8870

Whale lords, save us from this mass of puny bears.

EDIT2: that wall was fake 

1 - After a month of bull market, the price dropped, and that because of the Gates/Warren FUD.
--- This type of juvenile FUD coming from pure ignorance and stupidity works only short term

2 - The price dropped even more because of Kobayashi moving more coins from the Gox wallets.
--- I'm actually glad that Kobayashi is selling the coins now and not on September like we all thought. The fact that he started moving coins again is a good sign, because not only did he sell them fast, but it's clear that the investors have bought most of the coins at 9-10k. The market participants are panicking over the mtgox wallet movements while the institutional investors are buying from both Kobayashi and the idiots who are panic selling

3 - Once the MtGox phase ends, we will enter in the biggest BTC bull market ever, fueled by the constant adoption, the lightning network and the next halving event. It won't stop until it saturates its full potential of serving billions of users.

Smells like a W-bottom to me:



(ignore the colors)

I think its normal when one is holding asset which value is substantially increasing (/decreasing)

I dont think r0ach is rich bitcoiner. I've read here, that he dumped all his bitcoins when they were still very cheap for metals. and now he is sour because of that :0

The other day, we had a family talk, wife and kids all present, about where we should go this summer. While we were talking, we had a little snack - the usual lobster and fizzy wine thing - and the sun was shining as if it were early summer already. So the mood was just right to discuss our summer family vacation. My wife had the sense to mention we should pick a place that isn't full of Jews. Our champagne didn't taste as good in silver goblets as it does in plain crystal glasses, though.

Oops, going down again? I should shut up. We're headed sub-1k soon.