Are We Off The Bottom Yet?

in #bitcoin7 years ago

The BTC price chart bellow belongs to Anthony Allyn who twitted it on February 6th.

Unrelated to this, yet commented upon by Anthony, Willy Woo‏ started the debate with this chart.

The common denominator being ...

Have we reached the bottom of the dip?

Are we on the rise now?


Personal touch

Today I bought some bitcoins. In the hour before I did the transaction the price has risen for $800. Seconds after I bought BTC the price dropped, naturally.

Do you have a similar experience?

You can take me as a sure signal maker - when I buy the price drops. And vice versa :)

Current situation according to Bitstamp's tradeview.

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I think we will see another dip down towards $5400 or so (maybe lower) before heading back up soon. I hope this is wrong though!

I feel like anytime I buy anything the price drops shortly after purchasing it.. It doesn't matter if it is cryptos, stocks, real estate.. Hell even watermelons! haha

I feel you :) Happens exactly the same to me every time. We should start selling our buying times :)

Amen to that! It's like sitting down and playing the slot machine all day. The second you get up, the next spin they win the jackpot! haha

I know that feeling. Thinking that you have purchased in a dip, which is just followed by a deeper dip 🤔
I would settle for a flat line until the end of Feb or March. Giving me some time to do some investments. I only invest a small share of my paycheck so have to wait until then.
Personally I don’t think it will go below 8500. Sentiments seems positive, FUD is decreasing. Only tether could disrupt the markets.

It's in the $9300 region now. The future is bright :)

I have exact experience? What ever I do, it just goes opposite direction. So the best way for me is just HODL.

Or do the opposite of what your intention is :)

Anyways, any time is a good time to buy as long as you sell higher :)

Yes we are indeed! Fill your bags for the win. Next step: 14k

I love your words of wisdom :)

so, are we? :O
I was hoping for 4000$

I guess we are. Time will tell... :)

Hehe I had a similar "luck" . Yesterday I sold some LTC before it goes back to the moon...🤔
I wanted to buy it back for the lower price because I excepted a different turn of events. But it is never wrong to take some profits... 😁
I sold some btc too and I made almost 40÷ less than I would today.