$11k? Too fast or just hyped? - page 4.

aardvark15

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Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

Now we are seeing a bit of a pull back so maybe the price rose too quickly. This is probably just temporary but we don’t know for how long exactly and how low it will drop. I would guess that it’s a correction rather than a crash with some profit takers bringing the price down a little along with some panic sellers. This would be a good time to look at a target price for buying if anyone is ready to invest.

DustyRah

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$11,000 a coin is severely undervalued if we consider investors getting in on this game. I would put the value of Bitcoin this year at $70,000 and next year at over quarter million dollars.

If the general public wants to be part of Bitcoin, then $1 million a Bitcoin will start to look paltry.

Once again, $11,000 a Bitcoin is very undervalued.

tabas

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Quote from: InvoKing on November 29, 2017, 10:36:34 AM

From +$11200 to $10500-10700 in different exchanges. Well, big whales cashing out huge profit apparently Wink

They did cashed out now, profit taking at spree $$$ they helped each other to make the price of bitcoin reached $11,000 and after that goal has been succeed it's now the returning time. Selling those coins that they got earlier and now it's the time of waiting again for the least dip before buying.

cellard

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Quote from: jossiel on November 29, 2017, 02:51:00 PM

Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

LOL the price is getting now so the hype is over. The price is getting down now, I wonder on how long this correction will take place.

This is normal and the thing that you've been worrying now has just happened and it is also quick in going down. I had to sold a small amount at $10,000 and I feel bad that I miss it on $11,000.

Still that's a good price for me, will wait for it's increase after this dip.

We are retracing back to the mid term range channel, which means the line that meets $5555.6 and $7833, so as long as we stay above $9000 we are pretty safe, and it seems we are going up again as we speak.

Looks like the classic figure to test a former top is forming, so I expect us to test $10000+ again in the new hours. All the shorts that were nervous in the brand new 5 figure territory have been liquidated already.

redhack

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It was overhyped but we missed these days. It remember me 2013 November. Those were the days.

Over 11k to 9k correction was expected. It's healthy for long term. There's no need to worry about. It can't go up and up without any correction or stop.

jossiel

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Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

LOL the price is getting now so the hype is over. The price is getting down now, I wonder on how long this correction will take place.

This is normal and the thing that you've been worrying now has just happened and it is also quick in going down. I had to sold a small amount at $10,000 and I feel bad that I miss it on $11,000.

Still that's a good price for me, will wait for it's increase after this dip.

dmamigo

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Quote from: crairezx20 on November 29, 2017, 12:24:24 PM

Quote from: Basmic on November 29, 2017, 11:31:31 AM

I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

No i think the price can be increase more this coming december the movement of the price is just like last year and other year ago.. that the price is always increase every around november and december..
And i think it can be happen again this following month.. maybe this january we will see the price will decrease but i think it can be decrease until 9k it can be stay long in this price and increase back again in march of 2018.. This is base in what movement of the price year ago..

The price shall go up till 25 December to 1st of January for sure, then it might fall, as many short term investors will probably convert it to fiat. But in the next year something great is going to happen I believe, already its being predicted it will grow 3-4X more. Hyped in the sense of profit, as many new peoples want to get it to earn or grow their money, but I believe its not blind hype.

crairezx20

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Quote from: Basmic on November 29, 2017, 11:31:31 AM

I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

No i think the price can be increase more this coming december the movement of the price is just like last year and other year ago.. that the price is always increase every around november and december..
And i think it can be happen again this following month.. maybe this january we will see the price will decrease but i think it can be decrease until 9k it can be stay long in this price and increase back again in march of 2018.. This is base in what movement of the price year ago..

DarkIT

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perhaps, monitoring the current price is really a good thing. it could be bitcoin prices rose to more than $ 11k in the near future. but, if you want to sell it, I think it's also a good decision, because it can minimize the risk.

richardsNY

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Quote from: InvoKing on November 29, 2017, 10:36:34 AM

From +$11200 to $10500-10700 in different exchanges. Well, big whales cashing out huge profit apparently Wink

It's normal and quite expected to happen. Good thing is that the market is still bullish enough to get bought up quickly -- the only question is how long this will be the case. Not that it in current market has much value, but I expect things to reverse pretty soon (soon meaning 1 to 2 weeks). If it happens, I will use it to convert some of my growing bunch of fiat into Bitcoin if it falls back significantly. That being said, the more people cash out, the sooner they run out of coins, and the more likely it is that they won't interfere much in the next best rush.

Basmic

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I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

AjithBtc

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Quote from: InvoKing on November 29, 2017, 10:36:34 AM

From +$11200 to $10500-10700 in different exchanges. Well, big whales cashing out huge profit apparently Wink

Yes, whales might be cashing out to manipulate the price of bitcoin. This doesn't mean that price is being hyped and maybe some people get into panic just because of the sudden price pumping. Have trust and surely the growth will make us reach a bigger price and profit good holding long-term.

Caladonian

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Quote from: InvoKing on November 29, 2017, 10:36:34 AM

From +$11200 to $10500-10700 in different exchanges. Well, big whales cashing out huge profit apparently Wink

Just doing a routine and make sure that they will benefits from such action, for me this price really gone so fast and if correction happen I wish 10k$ would be its support level, and while its trying to jumped more we can accumulate and try to invest, just keep holding as we already seen how big the future can be for bitcoin investment.

InvoKing

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From +$11200 to $10500-10700 in different exchanges. Well, big whales cashing out huge profit apparently Wink

mrcash02

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Quote from: illinest on November 29, 2017, 07:04:16 AM

Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

It's definitely too fast to be sustainable in the long term. This is a parabolic run. It usually ends harshly, with a major wick at the top followed by a 50-70% price drop.

Now the question is, where is the top? I don't see any volume to indicate heavy distribution in the $10k-$11k area. Supply is still lacking; nobody is selling. This has to go higher. Looking for $15k, $20k, maybe $25k....... then crash. Fingers crossed.

I think it's going too fast too. But for some reason the price is increasing a lot and doesn't stop... Is it really because Bitcoin investment funds being created giving more security to investors?

Or is it just because people are seeing the opportunity, the "hype" and are investing heavily now?

Too much speculation, too less real facts.

btcone111

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Quote from: illinest on November 29, 2017, 07:04:16 AM

Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

It's definitely too fast to be sustainable in the long term. This is a parabolic run. It usually ends harshly, with a major wick at the top followed by a 50-70% price drop.

Now the question is, where is the top? I don't see any volume to indicate heavy distribution in the $10k-$11k area. Supply is still lacking; nobody is selling. This has to go higher. Looking for $15k, $20k, maybe $25k....... then crash. Fingers crossed.

At this point, even if the price corrects by 60% it would still only go back to $4.5K --- which is not low at all given this is the price we have seen just half a year ago!!

Erkallys

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I think that for now it will increase incredibly high until CME release its product, then there will be a correction. But we will remain above 8000$ for sure, so not really worrying.

EtihadBitcoin

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It is rising too quickly and should expect it to take a dive and hard if it ever does before the year is up.

What is driving an over $1200 rise within the past 24 hours does not seem sustainable at all.

It was $9750 now it is over $10920 which is not viable one bit. Roll Eyes

thecodebear

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I was definitely expecting a drop around $10k back down to $7500 - though any crash would be very short lived just like the week long crash to $5500 on the 2x cancellation.

Still expecting a drop soon. But organic user growth is so huge right now it might not drop for a while. All these new people piling in aren't thinking oh I'll wait for a drop, they're now thinking "crap I coulda bought in $5000 lower a month ago, I better not wait now!"
After getting my parents (~80yo) a little interested in Bitcoin back in August, and a little bit more in October, they finally after seeing this month's rise opened up a Coinbase account last night, just one piece of anecdotal evidence.

So yeah I expect a drop at some point soon but I expect it to be very short lived. I do think we could hit $20k in or before April.

illinest

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Quote from: TheServerDown on November 29, 2017, 02:34:26 AM

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

It's definitely too fast to be sustainable in the long term. This is a parabolic run. It usually ends harshly, with a major wick at the top followed by a 50-70% price drop.

Now the question is, where is the top? I don't see any volume to indicate heavy distribution in the $10k-$11k area. Supply is still lacking; nobody is selling. This has to go higher. Looking for $15k, $20k, maybe $25k....... then crash. Fingers crossed.

Topic: $11k? Too fast or just hyped? - page 4. (Read 2147 times)