$1600 is my price target to buy more Bitcoin

in bitcoin •  7 years ago 

The crypto crash continues as we approach August 1st. I only have a small amount of Bitcoin, but I'm looking to add more around the $1600 USD level.
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Some traders are calling for an even lower target, but if Bitcoin reaches $5,000-10,000 in a few years like I believe it will.. it's not going to matter that much. I would love to hear your thoughts or other price targets!

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Flash crash to around $1000 around end of July..

yeah, there is a good chance that it drops that low.

well I will buy more if that happens.. man, ppl will be freaking out

It already happened to $350 and yes everyone freaked out. I should have bought with both hands, too scared.

good idea

I think so, just scaling in

Its better to wait for further dip you may be able to get it around 1200 at the end of this month

Thanks, I might buy a few small amounts at these areas

I want to buy but I may wait until after the hardfork/softfork fiasco settles down.

I hear you, not a bad idea

Come on! What's so great about Bitcoin? It produces much less value than other blockchains like Ethereum or Steem, specially considering the costs.

I'm holding all 3, I'm expecting all of them to rise together. Just not sure which one will be the biggest mover

dont forget your litecoin!

My price target for bitcoin is zero. I don't want to be rude, but this is how I think.

I think that's a great start, don't let anyone tell you any different

Thanks! Gotta go with my gut

$1600 might be a good price, it is the projected target based on the breakdown per your chart. However, I think it could probably go lower...maybe 1000. Furthermore, it does matter because say if you buy at 1600 instead of 1000, you would only get x6.25 vs x10...but of course if it does not go lower than 1600 you might miss out.

Yea that's why I'm scaling in with small amounts, not totally sure what the bottom will be

we'll have to see how it goes. Personally, I would prefer to buy steem at 10c rather than bitcoin at a 1000.

I guess we are more or less in the same situation. In my case I'm moving tonight to my exchange and during the next hours/days I'll buy buitcoin and ethereum. As you said, we don't know which one could jump farther :-)