Topic: As we approach $10k, a correction/crash is coming. - page 2. (Read 1321 times)

O rly?!  Lololol.  They'll be in for a surprise if they think their tricks are gonna work on Bitcoin.  They haven't seen anything like imo.  It's like Bitcoin is a cult and its believers just won't let go, no matter what.  

And we have seen FUD come and FUD go.  I think we'll see Wall Street come and Wall Street go too.  

Let that correction / crash come, that will make the ecosystem balance. Bitcoin will be a ponzi if there will be no pull backs after it's major pumps but if because of these dips this is making it more legit unlike other coins that are totally dead nor flying high without any reason.


I'm remembering other thing that doing nothing is good for long term holders which is you are right on it. But if you are one of an optimistic person/investor, you can take the advantage of buying at dips.

Buy while the price is still low and just keep on buying until you'll see the profit coming onto your balance. It may give us some fear when we see the dip happening but it's all worth it after it.

I would rather buy the dip. I do not expect any major dips anytime soon tho. I see maybe 8k being the lowest possible after correction.

Though I’m not nearly as experienced on this forum as your “37” posts imply of you,  I have very successfully traded the markets for the better part of a decade, so I speak from well earned experience.

For me i doubt we'll see much of a resistance at the $10k level.

In fact once bitcoin races through that level we'll see an acceleration of the current bullish trend. It's not going to slow down until at least christmas by the looks of it right now. If there are dips then do the obvious thing - buy it.

I think the major correction will probably come at $13-14000, instead of $10k.

All of us here are just predicting and since you are a newbie, I think it would be better for you if you read about bitcoins. Because for now, some of us here is thinking when will be the time that bitcoin will reach the $10,000. Is it by the end of the year or this coming year? If there will be a correction or crash then probably we should be ready for what will happen. Future is not certain anyway.

I think so too, that's why I always see the bitcoin price everyday and get ready to cash out all my bitcoins when the price of bitcoin hit $10,000 soon. What I think is when the bitcoin price hit $10,000, it will be a correction and then go up again to $10,000 and maybe to $11,000 ? no one knows.

Here comes another newbie with his predictions. Easy solution. Set your target. Sell only when you hit your target. Don't regret and never look back. Money.

I've been dealing with a lots of question about bitcoin's reaching $10,000 this end of month and a lot of people is expecting that kind of value. And others stated that there will be a pullback due to the December's event which is Christmas and they came up to the conclusion of that. I would probably say, we can only predict and still doesn't know what really might happen. So, let's just watch the value of bitcoin as the time pass by.

Yes, a healthy correction is coming, I would say. It won’t necessary be at $10.000 but should be around that mark.

It is quite funny to see the forum flooded with posts about how bitcoin will keep increasing indefinitely, some people even saying that it will grow constantly.
It’s not just a correction, at some point we are going to have a bear market, with downward trends and flatlines lasting months at least. And those very same who are so optimistic now, will panic and sell.

Speaking of TA, Bitcoin is clear to break through 10k. I'd be surprised if it corrected at 10k, more like 12-15k in the next few days. In any event, we'll have a better idea probably in the next 12 -24 hrs.

If Bitcoin can not see his $ 10,000 level this Monday, it proves it will see for sure in December. There is a possibility of a strong pullback. But this week will have a very important place for Bitcoin, everyone is wondering what Etherum will do when Bitcoin is $ 10,000.

true, we have seen time and time again that after a rise like this there is a correction of about 10-15% drop. which we may also see here. but only in case $10,000 is reached this month not 6 months from now!!

and the big "crashes" like 30% or so drop only happen whenever there is some kind of drama going on. last one was the "bitcoin is dead and BCH will replace it because S2X is dead"-drama. the previous big one was the "UASF will split bitcoin and it will die"-drama. i don't know anything that is coming to us now though!

also i disagree with #3, there are already "market makers" who have somewhat control of the market. where do you think all these shakeouts come from?

LoL but seriosly that is the common idea major dip down lol once christmass start bitcoin will surely decrease cause of selled bitcoin through the needs of individuals abd spend their money on preparing the big event where people shares everything what they have.

Torque is my spirit animal...

Actually, the best thing to do is buy on the dips on the way down. Keep buying a little bit here and there and DCA your way into a good overall entry position.

And once the bottom is confirmed, the forum is full of trolls yelling "It's over!" and "Bitcoin is dead!", and the MSM articles are pumping out Bitcoin obituaries again, buy it like crazy when no one seems to want it. Once it starts heading back up again, relax.

That's what the strong hands did at the last bottom. And that's why they are winning now.

Why?

1- Study the past chart movements, they’ll tell the story. Major corrections are healthy and necessary.
2- People will take profits at the psychological cliff that is Bitcoin $10k.

And MOST important:

3- Institutional (Wall Street) money WILL eventually take control of these price movements. And when they do, they’ll shake you guys out (the little guys who have no understanding of price movements, TA analysis, etc) and when you all sell after a major drop, they’ll happily buy your BTC. At that point, we’ll see MUCH LESS volatility, because ALL of these guys trade their hundreds of billions on chart analysis, which in turn creates much more predictable price movements. Herd mentality.

Most of you guys here are concerned with forks, and pumps and dumps, and ICO offerings and whether it’ll hit $50k in 2018 when in reality, the really big guys are on their way to shake you the fuck out of the value YOU created. I think most of you will lose your asses. Do you know how to trade the way they do? Or did you buy a handful of coins at $2k and are up, not because of some continued investing geniousness but rather simple luck in buying into an asset that has seen only one overall chart trajection thus far? They’re not going to buy in at $10k, that I can guarantee. But they DO want in. And they need to get in, if Bitcoin is going to retain its value in a much more stable way as it weathers its scalability, usability and regulation growing pains. Exchanges know this, that they need societal integration, and that it won’t happen without big bank investment. That means the little inexperienced guy has to get out of the game.

Is Bitcoin the Friendster to the MySpace, who in turn died for Facebook? Possibly. But it’s whats happening now. It’s fun to speculate and dream. With a 1,000% increase how could you not? But please, take a step back from the warranted excitement, and see the bigger picture. And it is MUCH bigger. You all made the kill but the lions are on their way for their share.

REMEMBER, IN A MAJOR DIP, THE BEST THING TO DO IS TO DO NOTHING. (aka don’t panic sell)