Why I&#x27;m very calm watching these crypto dips

hunny100dev (44) · 6 years ago

@cryptoburner what do u think , how much time btc will take to get stable?

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cryptoburner (61) · 6 years ago (edited)

STABILITY?
It has been long time ago since I made my answer to the question "when BTC gets more stable?" It depends on the market size ( Cap)
The whole crypto market is yet SO TINY today, in the global terms.

Once it will grow x10 times from today - it will become 10x time more stable.
And when it reaches 100x times from today - we will see the prices 100x times more stable.
As simple as that !

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5 votes

pandey666 (34) · 6 years ago

well said. same change on larger base gives less percentage change.

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simasan (25) · 6 years ago (edited)

Sorry if this is an unwanted opinion. I feel that BTC and the rest of the crypto market will be back on track by Q3 of 2018. You can consider a number of unknown factors for these recent dips, including the few hacks that did occur to the big exchanges and people trying to sell off those coins. Hopefully BTC having tested the 5,000$ range and hitting the bottom at only 5,755$(Bitfinex markets) will give the push the bulls need. If today closes above 6,400$ I have a strong feeling it will follow to 7,000$ in a matter of days.

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cryptoburner (61) · 6 years ago (edited)

Not that I strongly believe this will be the scenario, but all you said @hunny100dev is quite possible too!

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tamwin33 (56) · 6 years ago (edited)

I don't think it ever will tbh.. Bitcoin was great, but I think the DPOS systems are more likely to blow up because they can scale without any 2nd layer. If you want stability or a hedge against the occasional crypto dips I'd check out Quintric. They're a gold-backed crypto backed by Stan Larimer doing some really cool things with accountability and tax benefits. They use Bitshares, have a livestream of the vault, and are considered legal tender under the law (no capital gains). Really cool. The Larimers have a reputation for making great technology, but maybe I'm biased. I think it's pretty self-evident though at this point.

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marketguruji (45) · 6 years ago

@cryptoburner everyone has own analysis on todays crypto situation but bitcoin is future & he almost achieve its bottom. according to my analysis, it will boom from 2nd week of july. you done your research i do my research. if you like my opining please vote & Comment

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3 votes

cryptoburner (61) · 6 years ago (edited)

I do not care much if it BOOM's in JULY or in 2019. I am here for long time. 1-2 years is just NOTHING!

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cryptotrypto (29) · 6 years ago

That does seem to be a realistic estimate in my opinion. My predictions I wrote were very similar.

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sachinmehta (36) · 6 years ago

@cryptoburner

Hai do you think we should wait for more dip or wait for bounce sustain above $6000 -6500 level.

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cryptoburner (61) · 6 years ago (edited)

If I would yet had $0,00 in crypto, I would probably had divided all my funds dedicated to cryptos in 10 parts, then spend 1 part right now, set 4 buy orders below 6K, spread in ~ almost egual distances (every next lower may be 2x bigger then the previous), and other 5 buy orders at certain critical prices above $6K. Thus may GIVE the lowest risk entry, while agreed to be happy with not the absolute maximum possible gains and profits.
Something like this, if you decided you can spent maximum 10K :

$10,999 buy for $1,200
$9,999 buy for $1,000
$8,999 buy for $800
$7,999 buy for $600
$6,999 buy for $400
$6,100 buy for $200
$5,001 buy for $400
$4,001 buy for $800
$3,001 buy for $1,600
$2,501 buy for $3,000
TOTAL dedicated: $10,000

( it is only an example for visibility what i mean, not a precize recomendation)

In case it drops to $2499, you will already have $6000 worth of BTC, so then you can easily CANCEL all the left 5 orders in the 7-11K range, and just enjoy the growth and profits

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ronel (61) · 6 years ago

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4 votes

moneyguruu (63) · 6 years ago

Lols . Don't poke it so much it will shoot to moon :P

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ronel (61) · 6 years ago (edited)

I guess so. Or maybe it explode lol

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cryptoburner (61) · 6 years ago

Let it explode, LET IT EXPLODE !

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ronel (61) · 6 years ago

Watch out!

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vicky8500 (28) · 6 years ago

@moneyguruu hopefully will c it soon!!!!

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xeniaaxeniaa (11) · 6 years ago

Interesting. So, this math really works in crypto like the way it in stock market. Right?

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cryptoburner (61) · 6 years ago (edited)

I do not know. But I believe most of the times to apply the old rules from FIAT world to anything in in CRYPTO world is NOT the best way. I always try to avoid this. Cryptos is yet to small to be rational and predictable.

Better yet - I'm trying to understand all the fundamentals, and where it is bringing this planet

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reddragonfly (64) · 6 years ago

Even if the prices drop some more, I would imagine actual mining costs for BTC will start to come into play pretty soon...

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cryptoburner (61) · 6 years ago

Soon? I'm not sure.
But if it drops below $3000, then it may happen

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pandey666 (34) · 6 years ago (edited)

@cryptoburner According to my analysis bearish mode of market can not longer due to FIFA Worldcup. bitcoin should in range of 5200$ to 6800$ till 15th july. After that we can see spike in cryptomarket also it is supported by solving legal issue in India. What is your view on this analysis?

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bitpk (30) · 6 years ago

What is your Prediction and According to your knowledge what will be the price of BTC at the End of 2018??

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trigg (32) · 6 years ago

I completely agree! The more it dips, the more I buy. I love when everyone else is panicking. Will it backfire on me in the end? Possibly, but I highly doubt it!

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cryptotrypto (29) · 6 years ago

This really is the best time to invest!

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bibekchandra (55) · 6 years ago

exactly what i think. every crypto investors should follow this chart.because for now it is a volatile market but in future there will be more stability when big institutional investors will come in. john mcafee predicted that btc will reach 1 million usd till 2020. but i think 100k or even 250k is possible. so do not worry invest in cryptos with proper securities in long term . i usually invest 25% of my salary for crypto investment every month. this log scale clearly show we are on the track....only thing we need is patience..thank you guys

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yogesh.aggarwal (46) · 6 years ago

Please never expect that bitcoin will ever reach to 100 or 200. Its got huge power and certainly it has changed many lifes. What made you think that bitcoin will ever dumped this much ? However you have written really nice post

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krishnackt11 (25) · 6 years ago

@cryptocurrency ..do you think that this is right time to buy bitcoin ?
can you tell me your preductin about it?
reply me please..,,.

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cryptoburner (61) · 6 years ago (edited)

Pleased look above into my reply to @sachinmehta.
I think that can be one of the safe plans for the next year

I do NOT feel however that I have the power to predict anything precizelly in cryptos , at least not for short time period.

What I am quite confident in - people will remember $6K BTC prices in 2020 just like we do now about BTC prices in 2011.
So many people I was telling in 2011-2012 "hey, BUY BTC", buy at least 10 or 50, if you are afraid to risk more.

They were only laughing at me !

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alan369 (56) · 6 years ago

Long term investors don't have to worry

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cryptoburner (61) · 6 years ago

yep, @alan369, I can't agree more

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cryptoburner (61) · 6 years ago

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vicky8500 (28) · 6 years ago

@crptoburner: i thing it will be in bullsih behavior just like past 3-4 yrs in Q4 of 2018!!!

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feelsomoon (52) · 6 years ago

I love that log scale. It got my expectations up. Beautiful curve.

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cryptotrypto (29) · 6 years ago

I completely agree with you! That log scale got my expectations up also!

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haikubot (54) · 6 years ago

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Reveal Comment

wales (68) · 6 years ago

I'm a crypto dip, and I'm very calm...

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aaatish (29) · 6 years ago

nice post
can you explain more about tool ?
and its works everytime ?
are you sure about that ?

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cryptogee17 (33) · 6 years ago

Crypto, not for the fainthearted!!

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cryptoburner (61) · 6 years ago

You are so damn RIGHT !

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ranahussnainali (43) · 6 years ago

Gentlemen, I think this is the best one you will see this year.

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cryptoburner (61) · 6 years ago

Those who can remmeber the tough days of 20 month long BEAR market (in 2014-2015) - do not panic at all.
Another 20 month?
HARDLY SO ! But we ARE READY !

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cryptotrypto (29) · 6 years ago

I really liked your log graph. I am calm too in regards to Bitcoin's current price. I have written enough price estimates and reviews to be confident that Bitcoin's cost will continue to rise by this time next year.

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adeyeyeadeyinka (41) · 6 years ago

thanks for this information ,,so cool

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nevergiveup2514 (25) · 6 years ago

@cryptoburner Bitcoin is the future mate. People claiming bitcoin being a bubble will soon rush into bitcoin once the price of btc shoots up. Am i right??

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steemitboard (66) · 6 years ago

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cryptolaidlaw (35) · 6 years ago

Nice chart, based on my long-term wave count for BTC, I expect we some further downward movement is still in store.

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samsonite18654 (30) · 6 years ago

Thanks for providing a reasonable perspective during a time of uncertainty. I think it always depends on how you look at the market. These tips also provide us the great opportunity to get into great projects that we may have missed.

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luciannagy (68) · 6 years ago

Great blog @cryptoburner

Congrats

While you're sitting with cold blood ... as normal everyone should stay and watch the crypto market ... feel free and enjoy some of my compositions :-)

Regards

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