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Topic: Bitcoin correction is coming? - page 2. (Read 1755 times)

member
Activity: 75
Merit: 10
August 18, 2017, 09:41:47 AM
#29
The demand for bitcoin is growing. Can be lower prices from 4500 to 4300 and this was the correction? We simply do not notice it, and now bitcoin is gaining acceleration for his next spurt to $ 5,000. Can be even higher.
too soon to say the lowest prices now, i would wait until 24th Aug.
sr. member
Activity: 406
Merit: 256
August 18, 2017, 07:37:45 AM
#28
The demand for bitcoin is growing. Can be lower prices from 4500 to 4300 and this was the correction? We simply do not notice it, and now bitcoin is gaining acceleration for his next spurt to $ 5,000. Can be even higher.
full member
Activity: 182
Merit: 100
August 18, 2017, 07:28:08 AM
#27
Tell me if you think a Bitcoin correction is coming or not this weekend (around 19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

The correction will happen. But it's very difficult to time it and how big it will be. It depends how we will continue rising.
For example there are guys who believe we could go to 15k+ in 2-4 weeks. Imo this would be an insane move and would end with huge profit taking and therefore and incredible dump and probably longer correction because many people get heard and burned.Especially the newbies who joined this space just a few weeks or months ago may never come back and believe BTC is just a scam or something similar.

not everybody having btc on exchanges for quick dumps when it starts ... and market matured over time pretty significantly so there is much more less weak hands than before, because everybody is aware "it will go up again"

Worst option is to have stop loss orders as price can bounce back up very quickly and those people will be burned.
legendary
Activity: 1442
Merit: 1016
August 18, 2017, 06:52:07 AM
#26
Tell me if you think a Bitcoin correction is coming or not this weekend (around 19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

The correction will happen. But it's very difficult to time it and how big it will be. It depends how we will continue rising.
For example there are guys who believe we could go to 15k+ in 2-4 weeks. Imo this would be an insane move and would end with huge profit taking and therefore and incredible dump and probably longer correction because many people get heard and burned.Especially the newbies who joined this space just a few weeks or months ago may never come back and believe BTC is just a scam or something similar.
legendary
Activity: 2058
Merit: 1015
August 17, 2017, 11:24:43 PM
#25
There can be some correction, both from whales and from BCH camp, but it will be small dip. Price will eventually go up because there are too much people buying it now, there was a increasing of thousand of people subscribing to coinbase.

Nothing can stop bitcoin now. The only question is how to make use of the dips, how to predict them so that you can maximize your profit.
Yes bitcoin will not get too deep correction. It's all just temporary and the possibility to increase back is huge. An increase in the number of bitcoin users will help keep the bitcoin prices steady and also increasing. The recent increase in BCH price rates does affect bitcoin prices.
Biggest dip so far I saw since the price rise is more than $200 few days ago and it bounce back again. For sure after the correction at some time, the price will become higher or possible that we can reach the $5000 before the end of this year.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
August 17, 2017, 10:20:01 PM
#24
There can be some correction, both from whales and from BCH camp, but it will be small dip. Price will eventually go up because there are too much people buying it now, there was a increasing of thousand of people subscribing to coinbase.

Nothing can stop bitcoin now. The only question is how to make use of the dips, how to predict them so that you can maximize your profit.

I think also that "nothing can stop Bitcoin" but I doubt that this means an eternal bull run. It is possible $4500 will be the top for some months. We had a short term head and shoulders pattern in the last two days (three highs with the one in the middle being the highest). That is often a trend reversal pattern.
The increases in the last days were very strong and I expect that there are many people selling now to take some profits. Maybe it will only be a short term bottom and the bulls start a try for $5000, but I'm almost sure it won't go higher than that, for now.

(I have incorrectly called the top at $4000, so maybe I'm wrong again Grin).
legendary
Activity: 1162
Merit: 1000
August 17, 2017, 07:10:58 PM
#23
There can be some correction, both from whales and from BCH camp, but it will be small dip. Price will eventually go up because there are too much people buying it now, there was a increasing of thousand of people subscribing to coinbase.

Nothing can stop bitcoin now. The only question is how to make use of the dips, how to predict them so that you can maximize your profit.
Yes bitcoin will not get too deep correction. It's all just temporary and the possibility to increase back is huge. An increase in the number of bitcoin users will help keep the bitcoin prices steady and also increasing. The recent increase in BCH price rates does affect bitcoin prices.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
August 17, 2017, 07:09:43 PM
#22
I hope to not see any correction, the bitcoin value is cute as it is for now. Even if I see a lot of volatility during the day with over 200$ up and down. If the value can be "stable" at about $4500 it would be great  Grin Grin
hero member
Activity: 1036
Merit: 514
August 17, 2017, 06:59:41 PM
#21
I prefer bitcoin will rise instead has correction on this weekend, because segwit will be activated on August 21st which mean bitcoin will be on Bull run again. Bitcoin could reach $5000 in this month and there will be some minor correction during the way, but I consider major correction will happen if bitcoin reach $6000 or chain split will happen on November, depends on which one will come first.
hero member
Activity: 672
Merit: 526
August 17, 2017, 06:59:29 PM
#20
It will only happen a correction if Bitcoin price passes another milestone. Probably 5k.
sr. member
Activity: 658
Merit: 250
August 17, 2017, 06:12:34 PM
#19
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

Maybe yes, maybe no. Who the hell know what will happen in the future? Regardless whether there will be a correction or not, just hold your Bitcoin. Corrections never last so long and after the correction, the price of Bitcoin will just go up again.

I don’t really matter what may happen to that speculations about correction, and all wanted to say is I am positive that what is happening right now is because of people’s trust and great demand of bitcoin. Maybe that corrections that most speculators were saying is already happening and we might not recognize it due to btc price is rising every now and then at any moment of time. Price will become unstoppable and nothing can stop it even any forks or other negative ideas may threaten it. Price will become successfully progressive of it’s journey.
hero member
Activity: 1008
Merit: 510
August 17, 2017, 06:05:34 PM
#18
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

A correction will definitely come because the price is not just going to keep increasing. Bitcoin is still volatile and will have some wild swings up and down. It is currently in a upswing and the price has made a huge increase in the last week.

At some point the price will have to correct some but it will still rise after a consolidation. Over time the price will continue to rise but it will probably be more gradual.
full member
Activity: 140
Merit: 100
August 17, 2017, 05:32:34 PM
#17
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

Maybe, but nobody knows for certain. Bitcoin price correction can always happen but in the current price, I do not think we will have a correction on August 19th. However, it is not bad to be prepared. Prepare some bucks for cashing in if the correction will happen. Whether there will be or none, just hold those Bitcoins.
sr. member
Activity: 1400
Merit: 347
August 17, 2017, 05:26:58 PM
#16
There can be some correction, both from whales and from BCH camp, but it will be small dip. Price will eventually go up because there are too much people buying it now, there was a increasing of thousand of people subscribing to coinbase.

Nothing can stop bitcoin now. The only question is how to make use of the dips, how to predict them so that you can maximize your profit.
sr. member
Activity: 490
Merit: 256
August 17, 2017, 05:13:04 PM
#15
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

Maybe yes, maybe no. Who the hell know what will happen in the future? Regardless whether there will be a correction or not, just hold your Bitcoin. Corrections never last so long and after the correction, the price of Bitcoin will just go up again.
legendary
Activity: 1806
Merit: 1521
August 17, 2017, 04:24:20 PM
#14
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

Ah, the weekly "is it time for a correction?" thread! Grin

Actually, I think there's a decent chance this time. Time and proportion wise, it definitely looks like we could have a complete Wave 3. And we have a nice double top rejection that could definitely catalyze a short term down trend to form support after all the recent volatility.

If so, I'm looking for $3800s, and possibly for $3400s if we get another leg down.
sr. member
Activity: 2618
Merit: 439
August 17, 2017, 03:42:49 PM
#13
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

No one can predict when is the price correction. Generally during weekends you may see some people cashing it out but it doesn't make that the pattern can true always. I think the best option for you is to monitor the price so you can see if a minor correction is forthcoming. We just make educated guess that is why is very hard to predict the price movement currently. Well if bitcoin cannot pass $4500 today, there are still a lot of opportunity for it to reach this price again and even surge ahead to $5000. You need to be patience and hodl on your bitcoin and actually should accumulate more.
legendary
Activity: 2380
Merit: 5213
August 17, 2017, 03:13:57 PM
#12
I don't think so.
It is right after any large increase in price we except the price to decrease. But I think, this time it will not happen as the reason of price rise is different. The reason was not a just a emotional pump or manipulating by whales. The reason was that more investors is now attracted in bitcoin after panic selling finished in August 1 and people do not afraid of losing their money. Now the demand is so high.
full member
Activity: 672
Merit: 176
August 17, 2017, 03:02:33 PM
#11
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

I really can't say since we are used to give only just a speculation or random guesses.

Anyways here's the thing, if ever correction price will happened now (honestly it should happened anytime by now and that is a normal sequence everytime we are in a massive price rally), bitcoin price will not dip much, for I can say the reasonable price would be $500 price decrease as minimum.

As of this posting, around $200 decreased is established from what's the peak earlier. Let's watch the progress.
To be precise, then to date we see -250 or 300 dollars from the basic maximum amount on Bitcoin. Although the price always fluctuates that up then down. I hope that this weekend we will see another growth.
legendary
Activity: 3122
Merit: 1398
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August 17, 2017, 02:53:23 PM
#10
Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

I really can't say since we are used to give only just a speculation or random guesses.

Anyways here's the thing, if ever correction price will happened now (honestly it should happened anytime by now and that is a normal sequence everytime we are in a massive price rally), bitcoin price will not dip much, for I can say the reasonable price would be $500 price decrease as minimum.

As of this posting, around $200 decreased is established from what's the peak earlier. Let's watch the progress.
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