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Topic: A big old correction going on... - page 2. (Read 1915 times)

full member
Activity: 129
Merit: 100
June 28, 2017, 04:19:47 AM
#28
Yep I think we found our bottom...


hero member
Activity: 2632
Merit: 833
June 28, 2017, 03:55:20 AM
#27
Looks like its crashing. 
What?  We freaking dipped to just about $2300, and that's not bad by any yardstick you use.  Keep things in perspective; we were below $1000 not too many months ago, so these type of corrections are natural and needed.  Nothing for all you girls to get upset about.  There's going to be more of this, so strap in and get a helmet if it makes you feel better.

The price is up now at $2500. I think the crash or dip is already done. Again, its another short live dip. Investors saw the opportunity to buy bitcoin again that's why the price has recovered. I  think we have seen this already once in May and twice already in June. So for those who didn't panic, I guess you are happy to see the price has rebound already.
sr. member
Activity: 532
Merit: 250
June 28, 2017, 02:33:38 AM
#26
Just saying...

Where will it stop?

Bitcoin is up 2% or so from the past 24 hours.

I think that it is probably going to adjust further down before bouncing up. Just my gut feeling right now. The price has not rebounded as furiously as the last few price rebounds, suggesting that there might be further dumps ahead.

Though if you interested in making a quick profit, then buying when the dump does happen would probably be a good idea.

It seems like $2500 is the natural resting place for bitcoin though, and price is always correcting towards this price point. But each time, it'll over correct before adjusting back just like a pendulum.
sr. member
Activity: 1190
Merit: 306
June 27, 2017, 10:23:04 PM
#25
Looks like its crashing. 
What?  We freaking dipped to just about $2300, and that's not bad by any yardstick you use.  Keep things in perspective; we were below $1000 not too many months ago, so these type of corrections are natural and needed.  Nothing for all you girls to get upset about.  There's going to be more of this, so strap in and get a helmet if it makes you feel better.
hero member
Activity: 812
Merit: 510
June 27, 2017, 10:20:54 PM
#24
It will surely stop and the sad part is this was not a bitcoin drop but was ether drop after rumours started circulating the co founder had died so few big investors decided this is perfect profit and sold their ether. But the part they did wrong was convert to btc and then to fiat which led to fall in price of btc also
member
Activity: 90
Merit: 10
June 27, 2017, 07:03:14 PM
#23
Some buyback occuring right now.  we went into the 2200 range but back into the 2500s as I type. Always some relief, I like the decrease a bit to buy at a cheaper price but always exhale once that rise begins again!
bitcoin is in fact giving opportunities to people to invest money in bitcoin at low price , because the price is now start increasing and hope that it is not coming back from that price and hope that it will continue increasing because still there is a lot of potential in the price of bitcoin.
I believe this day will be coming to be real. I'd bought cheap bitcoin yesterday and in some hours later and I got a decent profit. What a good sign for me!! Those are selling on the bottom must try to think for a twice before playing the game in this time.
That's just a correction, Just give a low price for those were not panic to jump in. Thanks for the weak hand.  Roll Eyes
same scenario and the winner is the bag holders every newcomers and new traders needs to practice and understand those things that affects the issue
as we all knew that bitcoin will rise up no matter what unless big impacting issue happen but for me buy low and sell high works inside bitcoin investment
good job to you mate for keeping your portfolio wider.

That's why I'm a bagholder virtually for life, I know I will always win out. When the price dips its just opportunity to gather a few extra coins to HODL for the long term. It will be years before I even consider divesting.
sr. member
Activity: 1050
Merit: 252
June 27, 2017, 07:01:24 PM
#22
Some buyback occuring right now.  we went into the 2200 range but back into the 2500s as I type. Always some relief, I like the decrease a bit to buy at a cheaper price but always exhale once that rise begins again!
bitcoin is in fact giving opportunities to people to invest money in bitcoin at low price , because the price is now start increasing and hope that it is not coming back from that price and hope that it will continue increasing because still there is a lot of potential in the price of bitcoin.
I believe this day will be coming to be real. I'd bought cheap bitcoin yesterday and in some hours later and I got a decent profit. What a good sign for me!! Those are selling on the bottom must try to think for a twice before playing the game in this time.
That's just a correction, Just give a low price for those were not panic to jump in. Thanks for the weak hand.  Roll Eyes
same scenario and the winner is the bag holders every newcomers and new traders needs to practice and understand those things that affects the issue
as we all knew that bitcoin will rise up no matter what unless big impacting issue happen but for me buy low and sell high works inside bitcoin investment
good job to you mate for keeping your portfolio wider.
legendary
Activity: 3332
Merit: 1034
Leading Crypto Sports Betting & Casino Platform
June 27, 2017, 06:55:06 PM
#21
Some buyback occuring right now.  we went into the 2200 range but back into the 2500s as I type. Always some relief, I like the decrease a bit to buy at a cheaper price but always exhale once that rise begins again!
bitcoin is in fact giving opportunities to people to invest money in bitcoin at low price , because the price is now start increasing and hope that it is not coming back from that price and hope that it will continue increasing because still there is a lot of potential in the price of bitcoin.
I believe this day will be coming to be real. I'd bought cheap bitcoin yesterday and in some hours later and I got a decent profit. What a good sign for me!! Those are selling on the bottom must try to think for a twice before playing the game in this time.
That's just a correction, Just give a low price for those were not panic to jump in. Thanks for the weak hand.  Roll Eyes
hero member
Activity: 770
Merit: 500
June 27, 2017, 06:51:46 PM
#20
Some buyback occuring right now.  we went into the 2200 range but back into the 2500s as I type. Always some relief, I like the decrease a bit to buy at a cheaper price but always exhale once that rise begins again!
bitcoin is in fact giving opportunities to people to invest money in bitcoin at low price , because the price is now start increasing and hope that it is not coming back from that price and hope that it will continue increasing because still there is a lot of potential in the price of bitcoin.
full member
Activity: 165
Merit: 101
June 27, 2017, 06:30:33 PM
#19
Some buyback occuring right now.  we went into the 2200 range but back into the 2500s as I type. Always some relief, I like the decrease a bit to buy at a cheaper price but always exhale once that rise begins again!
legendary
Activity: 1232
Merit: 1091
June 27, 2017, 05:57:59 PM
#18
if you are interested you should try to buy bitcoin right now, because i  do not think that there is any chance that the price will come down to 2100$, it is going to start increase from the current position, therefore you should try to start buying bitcoin right now.

I just trade the volatility of the market with a separate coin stash. If it doesn't fall below the $2100 level in the coming days, then it's not a problem at all. I always cash out 10% per time, so if the price is climbing back up to +$2700 levels, I'll just unload another 10%. By cashing out and buying with 10% per time, I basically benefit from each price movement.
hero member
Activity: 910
Merit: 523
June 27, 2017, 04:41:30 PM
#17
... I guess this is a shakeout of noobs to get more cheap BTC before the big segwit price rise.

this is actually what i was discussing with some people the other day.
we all know that activation of SegWit means a big rise and a follow up bullish market for a very long time to come.
so this simply means before it activates the only time whales can pick up more cheap coins is now, hence the dumps and shake outs.

it has happened many time before too. just before the $2000 was broken we saw the struggle to go above $1250 before that the dumps and struggle to break $900-$1000 and so on. and each time a dip and a lot of shake out before the big bang.

It seems started from ethereum price decline, then people speculate ICOs project cash out their funds from ethereum to secure it on cash. Big dump occurred and people panic if didn't get the profits from the highest rate, from there it all started. But, bitcoin dropped back (- $200) as well follow ethereum, yes maybe some people panic sell after whales shake the market, but not sure.
What makes it interesting is after ethereum fall down, all coins follow this trend and many coins drop more than 20%, what a tragic.
sr. member
Activity: 490
Merit: 256
June 27, 2017, 04:19:03 PM
#16
Just saying...

Where will it stop?

Is this really a correction going on? I believe that this is just the effect to some people that have fears toward the August first, Segwit activation. They are afraid of the uncertainties on that event that they decide to sell their Bitcoins before the date comes. This will happen to continue as we approach the said date.

BTC is doing down to $1250
alts will follow proportionally, if not more

Tell me, what is your relations to kwukduck?
hero member
Activity: 3080
Merit: 603
June 27, 2017, 04:06:15 PM
#15
BTC is going down to $1250

Nope it didn't, last time I've got a gut feel that something is going to happen and well this is what I meant. The correction is what happened but I don't have an idea that it's quite too early. Anyways, the price is back now at $2,400 and I guess it's the end of the correction or do we need to expect that there's another one?
hero member
Activity: 2660
Merit: 551
June 27, 2017, 04:04:07 PM
#14
LOL. The price is currently holding and I think that it go up sooner than we think. It's really hard to predict the price of bitcoin. Past 2 days its been going down but now the price is looking good and will probably hold at $2500. So no worries guy, just continue to hold and the price could go back to $2700 in a few days again.
legendary
Activity: 1064
Merit: 1001
June 27, 2017, 03:34:47 PM
#13
Noone can predict exact dip and tops. IMO you need to watch price action closely for better observation. Correction is also part of uptrend and never sell before hitting top second time in same year Wink
legendary
Activity: 2436
Merit: 1008
June 27, 2017, 03:29:03 PM
#12
Just saying...

Where will it stop?

Sorry to say but you will not get an answer here. Better just watched it and if you saw it stop then it stopped. All price movements is unpredictable and even all expert traders can give you the exact price where it will stop.

Hug the dip. Don't mind how far it will down but look for long term goals. No way bitcoin price will just move forward without swing. If you can afford to buy, do it.
sr. member
Activity: 462
Merit: 250
June 27, 2017, 03:24:48 PM
#11
Last correction didn't make it to sub $2100 levels, where today I expect a similar correction, but the bottom will likely be $2000 as I don't believe there is any intention to dump it below that level. But then again, that's just speculation -- it very well might trigger a few large traders to close their positions, and maybe even trigger stop loss orders that will exaggerate the dump at that moment. I'll buy back some coins at sub $2100 levels, if we happen to go there.
if you are interested you should try to buy bitcoin right now, because i  do not think that there is any chance that the price will come down to 2100$, it is going to start increase from the current position, therefore you should try to start buying bitcoin right now.
legendary
Activity: 1232
Merit: 1091
June 27, 2017, 01:01:14 PM
#10
Last correction didn't make it to sub $2100 levels, where today I expect a similar correction, but the bottom will likely be $2000 as I don't believe there is any intention to dump it below that level. But then again, that's just speculation -- it very well might trigger a few large traders to close their positions, and maybe even trigger stop loss orders that will exaggerate the dump at that moment. I'll buy back some coins at sub $2100 levels, if we happen to go there.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 27, 2017, 12:52:58 PM
#9
i think the price could down too deep than now as we can see that many traders have to be panic to see the market and they are selling their bitcoin so fast. i don't know how much the price will be and i think its because many of us is waiting what will happen in august 1 and the panic situations is already happen now.
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