Be careful, bitcoin will correct - page 5.

carter34

member

Activity: 1302

Merit: 25

Quote from: ninche on December 14, 2017, 07:01:40 PM

i do not think it will have huge drop
just a little drop will happen

I don't think otherwise too. The price came to $15,500 after hitting $18,900. This is a good dip merging I think. The thing I understand about bitcoin is that, it recovers easily, except there would be another dip to $10,000 .

BingoDog

hero member

Activity: 658

Merit: 505

Of course that price will correct, this is nothing new. Volatility is normal part of bitcoin price and something that traders make money on. The correction could be few hundreds or even few thousands of dollars but the crash will not happen and the price will maintain rather high level. If you think that bitcoin would go back to 3000$ or 5000$ or so than you are wrong.

antagonist

full member

Activity: 211

Merit: 100

Quote from: tomwalsh on December 14, 2017, 06:54:59 PM

If not now, eventually.

The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.

I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.

Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.

no such thing as price correct like you say , if this thing exist really then it mean that price possible to be wrong this one is not true . market price is always right price ,, if price fall it is because miners have decide it is time this is only reason price will fall , this is why i love bitcoim so much , too many easy to predict it

PossibilityMiner

newbie

Activity: 34

Merit: 0

I like the volatility as you can make money by daytrading. The caveat is having the BTC on an exchange as you don't have a wait+transfer fees. Long term looks good to me and the futures market agrees in the short term. As always be aware that a major drop could occur. If you are on an exchange and don't want to risk your current investment you can have sell orders in place at various levels.

PLAYSE2

newbie

Activity: 15

Merit: 0

When the correction comes I'm ready, I'm just not sure when this will happen, I hope everyone is also smart about it.

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

It is expected that there will be a correction sooner rather than later this only really affects people that trade more so than others that are holding for the long-term for the likes of them a correction is a good thing as it is kind of like bitcoin going on sale.

CoinOnTheBeach

newbie

Activity: 90

Merit: 0

I am hoping it will.
I would like to buy some more.

Quote from: tomwalsh on December 14, 2017, 06:54:59 PM

If not now, eventually.

The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.

I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.

Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.

Dudeperfect

hero member

Activity: 1190

Merit: 534

The correction will be there soon and it was expected much earlier but since institutional investors have some different unclear intentions regarding Bitcoin, correction for this period is delayed but it will be there for sure. Probably profit booking at multiple stages while really is in full swing would be a wise decision for those who are holding or investing for the comparatively short term. Panic selling can ruin the investment plans if there is any delay in profit booking.

jakelyson

legendary

Activity: 2240

Merit: 1069

Quote from: tomwalsh on December 14, 2017, 06:54:59 PM

If not now, eventually.

The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.

I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.

Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.

Correction is given, it will happen and I think hodlers know that already. But real hodlers (those who are faithful and have been holding since the beginning) will not care if it corrects. They are in for the long haul.

The only one affected with this is the traders. And traders know what to do when signs of correction shows up, either dump or short.

Sir Cross

full member

Activity: 336

Merit: 106

A correction has been anticipated for quite some time now because of the frequent price increase. Most of the investors know and expect this so they most likely won't sell even when this happens. Only the stupid and noobs would panic sell when the price dips even just a little. Knowing that bitcoin is volatile won't surprise someone when the price would frequently go up and down. It's actually healthy for the price to go down every once in awhile. It's a chance, as said, for buyers to buy at a low price.

ldah94

full member

Activity: 350

Merit: 102

As long as bitcoin remains in an uptrend I will not sell, we must take advantage of its growth regardless of its motives, I know that at any moment there will be a correction and if there is a decrease of more than 10% I will sell it to guarantee my investment and I will buy more btc when I descend more than 15%

jinnyjinny

member

Activity: 280

Merit: 16

without correction there in no growth, so i will not surprise if Bicoin price will go down till 14-15$k. Bitcoin demostrated crazy rally, so im amazed why it still didnt fall. But it is good warning for newbies , who doesnt know that correction is supposed to be one day and may be they buy in panic now BTC.

letuvis

newbie

Activity: 10

Merit: 0

Of course price will fall down and it will be hard-fall. But it won't change the bitcoin itself. It will be in our economy system for a while I believe that it should destroy the capitalism as we know it today. In 20years we will pay differently..

CisColtz

full member

Activity: 210

Merit: 100

Yep , this is right. A bitcoin correction already begun , it something normal , nothing unusual. Also , if you have some cold blood , you can start making money between the bounces. But don't invest at this price , it's risky , better choose ICO if you really want to invest in something.

imoet

member

Activity: 322

Merit: 10

homt.net

I think every one has their own way to keep their coin. Bitcoin will correct because the price does not stable. We should control our account so it will always safe. It will be like normal again. so we should not worry or panic because of it.

Geemy

member

Activity: 350

Merit: 15

every up trend happen we should expect the corrections , so you are right , i think the correct for bitcoin will happen soon

ObroQ

member

Activity: 238

Merit: 10

In my opinion, the correction shoul happen if it already didn't. After a huge demand that makea the price go up, there will be a period that will stabilize the price, then the cicle starts again.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

this is how bitcoin has always been. the rises are always as crazy as the falls. but as we go forward and bitcoin grows bigger all the craziness becomes smaller.
i see some people these days are exaggerating the situation quite a bit and they pretend that this is going to be the end of everything for bitcoin.

actually i would welcome a correction and i would be more than happy to see a massive dump because any drop means my buying power will be increasing. if i can buy 0.1 bitcoin now, any drop will help me buy a lot more!

ParallelSquid

jr. member

Activity: 92

Merit: 2

It is just because of its volatility and nothing to be scared of. The price is still high, right? So why panic, bitcoins price will never settle because of its volatility.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: yusupjatigumilar on December 17, 2017, 02:01:58 AM

Correcting the price on a commodity I think it's commonplace and commonplace it just gives us a chance to buy as much as possible because if when the price falls then many people buy then the price will go up even above the previous peak because that thing is sure to happen at world trade.

We can't totally escaped from this scenarios since bitcoin is volatile and very dependable in the flow of the market demand. I think there is no need to worry with that and make it as a big deal because it is not give a huge impact to bitcoin and it only takes a few days-then back to normal.

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