Topic: Bitcoin correction? - page 2. (Read 493 times)
Well, the correction is still on going and one cannot tell when exactly we will see the end of this correction. But it may not decline further below $6,000.
I was dam sure ,bitcoin will not reduce to 4000$.Now the price of bitcoin is reduced to 9000$,so you can get into bitcoin trading at low price as like this.Many predictors had predict the price of bitcoin will reach 20,000 by this month end.So you can inverse in bitcoin with low price now.
It's not impossible but I wouldn't say there were signs it was going to drop hugely. I did think it might a couple of weeks ago go right down to 4K again but instead it went up. Even for experts it's unpredictable I think at the moment. The best way to think is that it is unpredictable just now so you have to take that into account when buying or selling.
The question is, (number) to be achieved first? because it is not possible to drop to $ 4k and not a good correction in my opinion. For most people, this decline is very healthy, and some of it has been used (downhill) to buy bitcoin a bit more, automatically there will be an increase in the market again.
Today's price shows that BTC has started to rebound!
BTC will not crash to $4000 at this stage!
Already too many people wait for BTC price to go down to buy it.
Many users wanted to buy always at cheap price to start to invest. At this point, I couldnt see that market wil going down to $4000. I cant say it is still a correction once it will drops to $4000, a crash rather. But, it is just temporary that price down now. It will go for sure a highest point this year. BTC will not crash to $4000 at this stage!
Already too many people wait for BTC price to go down to buy it.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
Nobody can precisely give you buttom point but I think it will not go there or even lower than $8k as there is strong support made on those regions after last massive dump. Many who were left behind are willing to jump in so this correction might not last too long... 
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
Can't predict but it's been stable from $7.5K to $9.5k. Current correction is listing for more than 70 days dropping around $3000k. We had a big correction in 2015 listing for more than 400 days loosing around $7K. But that correction taught the crypto community that after every correction there would be a great hike greater than the loss occurred. So let's hope for a quick recovery soon.
Bitcoin really hasn't been stable between $7,000 and $9,500. Just a week back, the price was close to $12,000. If you compare it with the correction in 2013, this would last a lot longer. If you look at the trends, the price recovers but it takes longer after each correction.
That's impossible that the price of bitcoin will dump to $4k it might be OK if the price correction is around $7k to $9k.
Why? Historically, once a bubble is done, Bitcoin retraces 80-95%. We only retraced ~70%. Going to $4,000 is completely within the realm of normal.
Today's price shows that BTC has started to rebound!
BTC will not crash to $4000 at this stage!
BTC will not crash to $4000 at this stage!
I'm sensing a lot of hope in this thread and elsewhere. Not a good sign. You guys are supposed to be bearish and predicting doom.
To be honest, I expected at least an OTE retrace to $10,400-10,700 or so before bears re-asserted themselves. This is some mega-chop. I'm glad I've been keeping positions small.....
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
Can't predict but it's been stable from $7.5K to $9.5k. Current correction is listing for more than 70 days dropping around $3000k. We had a big correction in 2015 listing for more than 400 days loosing around $7K. But that correction taught the crypto community that after every correction there would be a great hike greater than the loss occurred. So let's hope for a quick recovery soon.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
there's a tend always but its not a correction of price if bitcoin fall on that value. Because it looks like another dip from 10k to 4k so obviously its not a normal correction and for sure the exact reason for that price is panic selling or any negative issue. Because actually the correction of price is just a minor drop for example like what happen on this week which is the price fall back to 8k and after a days the price is increasing gradually .
Today's price shows that BTC has started to rebound!
BTC will not crash to $4000 at this stage!
Already too many people wait for BTC price to go down to buy it.
BTC will not crash to $4000 at this stage!
Already too many people wait for BTC price to go down to buy it.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
I can't imagine bitcoin $4K anytime soon, unless there are really bad news coming that will cause the price to this low. I agree that the Mt. Gox coins has something to do with the recent dump but it looks like we are bouncing back again because investors have realized now that there is no negatives news, although we have the Binance attack, it doesn't contributed to slide we see because they are quick in their actions.
Everything as settled down. And $4K will not be tested but another march to $12K and even higher at the end of the month.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
I can't imagine bitcoin $4K anytime soon, unless there are really bad news coming that will cause the price to this low. I agree that the Mt. Gox coins has something to do with the recent dump but it looks like we are bouncing back again because investors have realized now that there is no negatives news, although we have the Binance attack, it doesn't contributed to slide we see because they are quick in their actions.
Everything as settled down. And $4K will not be tested but another march to $12K and even higher at the end of the month.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
So far the last floor price we have witnessed in $5K-$6K. And a lot have been saying that we will not go down the deep but bitcoin tested in however it bounce back immediately and we almost went as high as $12K.
So I saying that we can possible hit $4K but the thing is that its a good opportunity to invest bought more bitcoins. So its gonna be just a quick test and then enjoy around good recovery.
But most likely we aren't going on that level. Right now we are green and almost all the top ten altcoin as well. Its just that there are someone dumping bitcoin at this moment (Mt. Gox trustee) causing all this turmoil and putting to much pressure on the price.
- A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation.[1]
- A stock market crash is when the 10 percent price drop occurs in just one day. Crashes can lead to a bear market. That's when the market falls another 10 percent, for a total decline of 20 percent or more.[2]
So it's Bitcoin crashing.
The supply and demand rules have made 10,000$ as a stability point.
Price can be restored to 4000 but we need very bad news [Bitcoin ban, Network fee,....etc].
Sources:
#1 https://www.investopedia.com/terms/c/correction.asp
#2 https://www.thebalance.com/stock-market-correction-3305863
Bad news like banning Bitcoin and such does not have a big impact on the price. Maybe the first news like that had some impact, but not anymore.
Multiple factors needed here. Maybe one more of the Mt. Gox big selling and something to refuse people from buying.
No it won't go further lower than $4,000 or even will reach that price. The correction was done once again and the market is going up again so if bitcoin's price won't go further with $10,000 - $12,000 then we have to expect another correction which everyone should get used to it.
I think mt gox dumps aren't enough to kill bitcoin fuel.
It wasn't and will never be. They are not the only whale in the market but they gave a very huge impact. 
That's impossible that the price of bitcoin will dump to $4k it might be OK if the price correction is around $7k to $9k.
And I think the reason behind the price drop it's because of panic selling because of FUD.
The bitcoin price correction was done last month.
Much better to focus on buying look at the bitcoin movement today more on buying than selling.
And I think the reason behind the price drop it's because of panic selling because of FUD.
The bitcoin price correction was done last month.
Much better to focus on buying look at the bitcoin movement today more on buying than selling.
4k is not a correction, it's a crash and it's probably not going to happen. Price seems to be fluctuating right now between 8.5k and 9.5k. We'll be back to 12k within the next 10 days unless there's something to cause another fall in investor confidence.
That’s true, correction should not that big. Btc is pumping again, hope that it will continue and finally break the resistance level. As I can see right now the volume are pretty nice, investors are buying back and we will see the price to pump again.
I want to see bears really demolish a bounce on the daily chart (not intraday) before predicting that kind of carnage. We're working on a 7th red candle in a row. Waiting on that bounce....
There it is. Very nice intraday move:
Threatening a local top on the 15min-1h. It's important to keep an open mind here. Bulls aren't in control yet. But if we can secure the $9,400+ level as support and push new highs, then we've trapped a lot of bears. There was heavy selling below there = fuel for a rally.
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?
If nobody does a massive sale of the next stage I think $ 4.000 is an impossible pricing. But fortunately it will not happen again because 'Trustee' will.....
The Trustee (https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash ) has enough sold btc&bch to cover creditors. After now there will be another court or meeting and final result will be publish for what do to other 166k btc&bch .
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