Topic: Any suggestions about the BTC price correction later (Read 226 times)
Thanks for your guys points, I am also worried about the price is quite high now, just think if there is quite bigger wave of price coming soon, then it might be a good chance to rebuild the original cost. A small profit in the wave as well.
"over bought" is meaningless with bitcoin.
No it isn't. That's why people use the RSI indicator to judge whether BTC has been overbought or oversold. It's just when the price rises unusually quickly or slowly relative to the recent trend.Quote
Is this price correction will happen?
yes it will happen. another correction happen 2 days ago when you were still reading what "many guys" were saying. another one will happen after the fork. the some rise and then another correction and then rise and correction and the pattern continues.As many guys mentioned that the fact of the BTCBTC price rising now is because a over bought and it will coming soon a price correction downwards. Is this price correction will happen? (most likely it will be) How much will the price dropped then?
I have been bought some at price $6000
I thought the mantra was "buy low, sell high" - not "buy very high, try and get someone to buy a bit higher than you did". I have been bought some at price $6000
As many guys mentioned that the fact of the BTCBTC price rising now is because a over bought and it will coming soon a price correction downwards.
"many guys" say a lot of shit when they are online mostly for trolling don't listen to them 
"over bought" is meaningless with bitcoin.
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Is this price correction will happen?
yes it will happen. another correction happen 2 days ago when you were still reading what "many guys" were saying. another one will happen after the fork. the some rise and then another correction and then rise and correction and the pattern continues.Quote
(most likely it will be)
are you answering your own question? 
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How much will the price dropped then?
nobody can possibly know. some speculators say it will go to $6800 some like Goldman Sachs say it will go up to $8000 instead of dropping.
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I have been bought some at price $6000, should I abandon them at $7000-7500 and then try to buy it back after price correction?
if you believe what you said above in that parenthesis then yes you should "sell" at that range and wait for the dip to happen and buy back again.Quote
Or maybe exchange it to something else to hold e.g. ETH? DASH?
absolutely not. because if bitcoin drops, these altcoins have a bigger chance of dropping with it than they have any chance of rising.Quote
I wanna also long term hold the BTC as I though the price will rise again to more than $10000 after a potential correction period. but the purpose is to maximize the profit (Sell for high and buy it at lower again)
Want to hear more differnt opinions. cheers!
you don't have to sell all you have. you can sell some portion of your bitcoins and then buy back with the money you get from that sale but still hold some bitcoin, untouched. Want to hear more differnt opinions. cheers!
sell high buy low is best done by traders that have some experience in bitcoin market. if you are new i would advise against it.
As many guys mentioned that the fact of the BTCBTC price rising now is because a over bought and it will coming soon a price correction downwards. Is this price correction will happen? (most likely it will be) How much will the price dropped then?
I have been bought some at price $6000, should I abandon them at $7000-7500 and then try to buy it back after price correction?
Or maybe exchange it to something else to hold e.g. ETH? DASH?
I wanna also long term hold the BTC as I though the price will rise again to more than $10000 after a potential correction period. but the purpose is to maximize the profit (Sell for high and buy it at lower again)
Want to hear more differnt opinions. cheers!
I have been bought some at price $6000, should I abandon them at $7000-7500 and then try to buy it back after price correction?
Or maybe exchange it to something else to hold e.g. ETH? DASH?
I wanna also long term hold the BTC as I though the price will rise again to more than $10000 after a potential correction period. but the purpose is to maximize the profit (Sell for high and buy it at lower again)
Want to hear more differnt opinions. cheers!
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