Final Opportunity to Grab Bitcoin Below $70k

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eric_foxMember
Posts: 2 · Reputation: 134
#1Jun 22, 2018, 06:25 PM
While the weak hands are freaking out over Bitcoin being "stuck" at $68,000, the savvy investors are just chuckling. We’re on the brink of a huge breakout. Here’s why $70k is the last time you’ll see Bitcoin at a "bargain" price: - US manufacturing is making a comeback (PMI over 50). Historically, a strong US industrial scene paired with cooling inflation is a perfect recipe for BTC growth. The market has already priced in the chaos in the Middle East, and Bitcoin’s holding up way better than the Nasdaq at this point. - The rumors from China and Asia are legit: big players in Hong Kong and Singapore are gearing up for a major policy change. Once the "Asian Whale" gets moving, $70k is going to feel like a distant memory. - Check out those funding rates. The bears are super overleveraged, betting on a drop back to $60k. They’re practically begging to get liquidated. Just one push past $71.9k and we’re zooming straight to $95k without stopping. You can keep holding out for that "perfect dip" to $50k while ETFs and sovereign funds are scooping up every satoshi at 1.79 Billion VND. Or you can face the fact that the train is about to leave the station. $70k is the new $20k. Don’t come crying to me when you’re buying in at the top for $100k in the next few months. So, are you in, or just waiting to "HFSP"?
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cipher42Full Member
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#2Jun 23, 2018, 01:42 AM
It can be last chance but it can be not last chance, while is it too important at all? Personally it's not too important as believe any price, any time is the best price and last chance for purchasing bitcoin will only make us FOMO that is not good. Any price and any time, we are able to buy bitcoin in this market that has very high trading volume for our entries and exits. With investors, DCA is a strategy to use and with this strategy, no concern about best price, best time, and last chance. I bought, buying and will continue buying bitcoin as I agree with Michael Saylor, "Bitcoin is the end game" and by knowing that earlier than the others then actually buying bitcoins earlier than the others, I have advantage with my Bitcoin accumulation.
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johnkingSenior Member
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#3Jun 23, 2018, 06:29 AM
When Bitcoin price was at 120,000$ last year there were rumours in the market that price will never down below 100,000$. Now price of Bitcoin is under 70,000$ and we are not sure whether price will go up from here or go down below 60,000$. In case of Bitcoin price nothing is final, price can go up to new ATH and within weeks it can go bearish. We have seen this in last year October, Bitcoin was at its ATH in first week and after that price has gone down to current level of 68,000$. Whenever Bitcoin price is down we must take this as an opportunity to buy more Bitcoins.
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b0ss2016Full Member
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#4Jun 23, 2018, 07:42 AM
You are too confident and sound like a car salesman.  Meanwhile, I am still waiting and selling at around $70k just now. Are you brave enough to guarantee and assure that this price below $70k is the last one and will never happen again? Maybe yes, but maybe not, being too sure is foolish, it's better to use risk management. Waiting is not wrong, but losing is a big problem. I am still waiting for the moment below $60k. I think this reversal is only temporary and the bearish trend will continue again. IMO. Not trading advice.
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tom_ninjaFull Member
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#5Jun 23, 2018, 08:19 AM
I doubt this can be the last chance but it’s good to accumulate on this price level since it’s in the middle price range from bottom to the ATH in general. There’s still a lot of uncertainty including war on the middle east that already escalating and affect global market. I will be happy to trade on this price.
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#6Jun 25, 2018, 02:44 PM
There is no such thing as a last chance to buy bitcoin at a certain price, because you’ll never know how bitcoin is moving all you can do is keep speculating, but don’t you think that you can have an opportunity of even buying less than the 70$ you’re talking about right now, Bitcoin have been made in such a way that we might not understand, I think the most important thing is buying bitcoin and not about how much we have been buying bitcoin, you can always buy bitcoin in any price using the DCA methods which is more sustainable and efficient, like we have a current dip right now you can literally take the opportunity of buying more bitcoin as well, Bitcoin is always affordable and more appealing when you have that money to always buy not considering the price of bitcoin, so I really don’t think there is anything special about buying bitcoin at the current price.
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roguedefiMember
Posts: 42 · Reputation: 199
#7Jun 26, 2018, 08:19 AM
i buy no matter what the price. if you think the price is low enough now then just buy and if you think it has the potential to go lower, still buy today to be sure. there’s no guarantee which way it will go but our goal remains the same and it’s to own bitcoin
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D4rkFalconSenior Member
Posts: 308 · Reputation: 1050
#8Jun 26, 2018, 11:59 AM
What is HFSP means? Anyway I love the confident bro but do you know that we have geopolitical issue like ongoing war between US Israel and Iran right now the price of energy is soaring the price of gold is at all time high the Chip industry is struggle with the supply. This all become a domino effect right. Means there are a lot of variable right now but I do love if Bitcoin is skyrocketing, in my opinion bitcoin bottom is top at 50-55K but It would be great if the bottom is 60K
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johnkingSenior Member
Posts: 298 · Reputation: 1767
#9Jun 26, 2018, 01:14 PM
These are mere speculations. You didn't provide verifiable information that these nations will be investing massively in Bitcoin. The rumour that China is shifting its crypto policies has been around for a long time, so there is nothing new about this information. With a president like Donald Trump leading the US, you have to expect anything. Wars, tariffs, threats and others are now his play toys. He usues these instruments to achieve his economic and political goals. So I don't think $70k would be the last chance to buy cheap BTC. I am not waiting, but DCAing.
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defi_2017Senior Member
Posts: 224 · Reputation: 892
#10Jun 26, 2018, 06:30 PM
That's what I was thinking. It's just like that. If the price does what he says, he won't stop reminding us in the thread, but if it goes down, he won't be back here. I've seen many threads like this over the years. The truth is noone has fucking idea of what the price will do.
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lynx21Member
Posts: 25 · Reputation: 248
#11Jun 28, 2018, 11:29 PM
Bitcoin price movement depends on the condition of the market, so we cannot say beforehand whether the price will go up or down. We can only do a little analysis based on the surrounding situation but apart from that, no one can state the future direction of bitcoin with complete certainty. At the moment, the market is going through a slow and difficult period and to get out of this situation, a great deal of patience is required from us. Many people are mentally frustrated because they are not seeing the kind of results they expected. Even after going through such a difficult period, many people are still waiting patiently and are eager to see the progress of bitcoin again. Maybe this situation will not change overnight but there is hope that in the coming days bitcoin will move toward recovering its price. I also have a small amount invested in bitcoin, when compared with the current market value it may look very small, but I am still continuing with it and hoping that even these small investments can bring some profit in the future. For now, the price at which I can buy Bitcoin feels like a golden opportunity to me.
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paul.bullMember
Posts: 39 · Reputation: 146
#12Jun 29, 2018, 01:15 AM
I think another thing traders will have is this opportunity to buy cheap bitcoin. There's a lot of confusion in the world. The crypto market has shown resilience, but correlates with risk appetite. Total market cap of $2.32 trillion (+2%). Bitcoin was able to break through 70K during the trading session in the United States, but it was not possible to stay at these levels. The net outflow from crypto exchanges per day is more than 7,000 BTC . Positive trend: continued inflows into crypto ETFs. Bitcoin ETF +$458 million Markets are now sensitive to news from the Persian Gulf. It is more likely that we will see a decline in US stock indexes today. Whether the crypto market can withstand this is an open question.
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#13Jun 29, 2018, 05:09 AM
At this point nothing is really certain.. when bitcoin crossed 100k and eventually got to 125k nobody really thought that it will dropped back so low to 65k. Even when we try to use past price action and historical data we still cannot really  predict how far it may go or how low it may dip. Nobodyn believed that the dip will get to this point as we all saw the potential of Bitcoin hitting  200k soonest but the reverse is the case instead it's plummated down so 65k. For all we know it may go lower.. but still this is s good price to hop in
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bull_2019Senior Member
Posts: 296 · Reputation: 1992
#14Jun 29, 2018, 09:55 AM
The rebound should of happened sooner or later. We shouldn't calculate to where specifically BTC will fall.. We should just know that it will go to where it was and higher eventually.
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quantumninjaFull Member
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#15Jun 29, 2018, 08:30 PM
Well, nothing has changed since a long time ago: while the "weak hands" are afraid and sell, the strong ones are buying at a good price. I'll believe you when I see a "breakout" with my own eyes. And I hope this breakout doesn't turn out to be... a breaktout from the bottom. Really? One gets the impression from what is happening there that everything is just beginning. The "Asian whale" may sleep for a long time, because we don't know the exact date when it will wake up. I would like to believe your forecasts, but I am not so naive as to expect such a radical reversal now. Here I agree 100% that it is stupid to wait for the "perfect dip" and that is why people came up with the DCA - buy when you can and little by little. At $100k., I'll start selling, not buying. For those who didn't listen to your advice.
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#16Jul 1, 2018, 08:35 PM
Today we can see that the Bitcoin market is running upwards and the candles are mostly green which is a very positive sign. The market has been below $70k for a long time and at that time people bought a lot who were wise but those who were fearful are afraid to buy and their opportunities are missing. The market has already risen to $71k which seems certain that very soon we will see the market enter higher. Since the beginning of March we have seen the journey of the Bitcoin market very upward in which case those who were afraid to buy when the market was low may now regret it. However, I think that if you can still buy, then it is definitely possible to profit if you hold on since the market is already indicating to enter higher so now is the time to buy.
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bull_2019Senior Member
Posts: 296 · Reputation: 1992
#17Jul 1, 2018, 10:44 PM
Maybe. Or maybe due to recent events escalating BTC will plummit down deeper than we saw. Who knows for sure - nobody
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benledgerSenior Member
Posts: 359 · Reputation: 1254
#18Jul 2, 2018, 12:27 AM
I think those who couldnt be bothered fact checking the statements above would love to see some links to what you are posting. Last time we will ever see $70k? I strongly disagree, and its far too early to make assumptions like this with only 4 days in to this new war. There is a lot of uncertainty in the markets. OK the Bears being overleveraged at this time when the market is at $71k might be a thing but if big liquidations happen on the back of that there will come a time that the Bulls will be liquidated following that. 5 days ago we were in a Bear market, this war on Iran wont necessarily change that long term.
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pixel2014Hero Member
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#19Jul 2, 2018, 05:03 AM
Immediately Isreal announced the beginning of the war, bitcoin price fell from $67700 and later fell to $63000 but it immediately started to increase and got back to $70000 two days after. We should not link the bear market to the war at all. Bitcoin price can fall immediately a war begin but it do increase back within hours.
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johnkingSenior Member
Posts: 298 · Reputation: 1767
#20Jul 2, 2018, 11:06 AM
This is quite true that no one has idea what course Bitcoin price will take in coming days, there are only speculations. We must not pay much attention to such speculations because probability of these speculations getting true is very low. One thing we can predict with confidence is that very soon price of bitcoin will break this bearish trend and this is what we must focus on. Try to take advantage of current bearish trend and gather as much Bitcoin as you can to book your future profit, this is only thing we can do.
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