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Topic: Bitcoin in a mood of correction? - page 2. (Read 1349 times)

legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
August 15, 2017, 11:15:47 AM
#24
If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

Why not 10k? Stop being that moon kid. We're headed into November fork shitstorm, that can possibly be bigger than August 1 and I think 3000 will be the next support and price it might drop and then recover and maybe hit your 5000 if bitcoin doesn't get destroyed by Core/Miners.

Rather invest in OmiseGo.

Did you not read my post? The price hasn't doubled after a 10% drop the past month, so that's why. Like I said, at least 3 or 4 times the price has dropped 10% then jumped to an all-time high maybe 20% or so.

I'm just pointing out the obvious, and I'm guessing you're just spreading fud to promote your new alt coin.

You better get some information about OmiseGo. Fcking insulting it like a new alt coin.

Ok that's wonderful. Why do you insult Bitcoin? Saying you'd rather invest in OmiseGo... show some respect to the 1st Crypto.

And if I wanted to chat about alt coins I'd be in the alt coin forum. This thread is about Bitcoin.
hero member
Activity: 854
Merit: 500
August 15, 2017, 11:14:02 AM
#23
I think price will pump again and we might not have any proper correction before price will cross $5k by end of this month or next one.
Price was corrected a little from $4300+ to below $4000 today but now price seems already recovered and next pump might pump it to over $5000 soon.
full member
Activity: 308
Merit: 100
August 15, 2017, 11:11:52 AM
#22
i think we already have hit the bottom ($3800) and are already in an uptrent again.
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
August 15, 2017, 11:09:57 AM
#21
no yet, but we will back to 2k $
sr. member
Activity: 616
Merit: 256
August 15, 2017, 11:08:16 AM
#20
market correction should not fall below 15% from its ATH, hold on to your seat as we dive down below waiting for the crash. so price prediction for market correction will be 3500 USD it is still not bad
sr. member
Activity: 463
Merit: 250
August 15, 2017, 10:59:46 AM
#19
I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.
If Bitcoin have corretion price and stop around at range $2xxx, really this is best price for buying back and holding long term. But the whales don't give us best opportunity as my imagine, so maybe after correction price will have big crash to under $2000 is possible.
newbie
Activity: 17
Merit: 0
August 15, 2017, 10:59:33 AM
#18
I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.

I do not think such a downtrend is possible in fact. There are strong suppports all the way to 2500$, and they simply can not be broke in such a short time.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
August 15, 2017, 10:51:56 AM
#17
If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

Why not 10k? Stop being that moon kid. We're headed into November fork shitstorm, that can possibly be bigger than August 1 and I think 3000 will be the next support and price it might drop and then recover and maybe hit your 5000 if bitcoin doesn't get destroyed by Core/Miners.

Rather invest in OmiseGo.

Did you not read my post? The price hasn't doubled after a 10% drop the past month, so that's why. Like I said, at least 3 or 4 times the price has dropped 10% then jumped to an all-time high maybe 20% or so.

I'm just pointing out the obvious, and I'm guessing you're just spreading fud to promote your new alt coin.
hero member
Activity: 2730
Merit: 632
August 15, 2017, 10:41:54 AM
#16
I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?
For me, i agree on what you vision here because it somehow indicates us that correction of prices would really be coming soon and buying into these price ranges is somehow dangerous for me. Even if you do short tradings it would really be risky but if you can able to handle the risk then making money would really be an easy thing. Im waiting for the price to go back on 3k or below because i do see prices would go back on where it do starts to jump out. We should really be observant on this matter.
full member
Activity: 211
Merit: 100
August 15, 2017, 10:31:04 AM
#15
I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.
hero member
Activity: 1151
Merit: 528
August 15, 2017, 10:27:06 AM
#14
I would say it has a couple hundred more to fall. It rose so fast so quickly that we are very overdue for a correction downward. We'll probably fall into the low 3000's sometime this week, that would be a decent correction from what I have seen. Hopefully it will slide slowly so alts can recover and rise in the meantime as they have recently taken a massive beating from the basically vertical BTC rise.
legendary
Activity: 3052
Merit: 1273
August 15, 2017, 10:20:36 AM
#13
If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

I have also read a few articles about the price being pumped to 4500 level then getting a correction after which the price will be targeting towards a prediction of 5k usd which was made by Max Keiser (that American film maker). Price slipped down real hard and a war between buyers and sellers is going on as when I started this thread, it was near 3860 and it is 3984 atm. Can anyone give some real Fibonacci levels where they could locate the best possible support and resistance levels?
hero member
Activity: 1148
Merit: 504
August 15, 2017, 10:18:40 AM
#12
I will wait this one out and see how low the support will be. When it starts to slowly move up again, then that is the time I will buy again. It is hard to predict the support because it went up too fast.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
August 15, 2017, 10:11:59 AM
#11
... Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

well those of us who have been around for a while have already bought bitcoin at much cheaper prices and those of us who wanted the profit have already sold some to buy back after the dip.
this is probably the correction that we were waiting for. if so, it will take a while to reach the bottom. i wouldn't dare short bitcoin but that is also an option.

if someone is new they can wait it out and buy when the dip was finished and things became stable and then buy and brace themselves for $5000
hero member
Activity: 756
Merit: 500
August 15, 2017, 10:01:05 AM
#10
Bitcoin price is dropping rapidly from a few hours and i'm not sure if where its headed, but anywhere near $3500 can be a good guess i think. It is dropping about 7% after every one or two hours and it may continue for a while until it starts going a bit higher again. So maybe buying now wont be the best time and it would be ideal to wait some more and buy when it is done going down.
sr. member
Activity: 462
Merit: 250
August 15, 2017, 09:50:39 AM
#9
The dropping on bitcoin price has started , im pretty sure it will go back at 3700$ again. That would be the correct price i guess.
Dont panic they are just correcting some things that needs to be corrected, and  everything will be fine.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
August 15, 2017, 09:48:40 AM
#8
If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.
member
Activity: 70
Merit: 10
August 15, 2017, 09:47:35 AM
#7
it will not drop below 3000 ever again , if the dump gonna happe again its on 3700 and its good time to buy ? im just curious if we had 4000$ right now , why it will dumping hard on 3000ish , so probably not and best time to buy at 3500-3700

Don't worry, we're getting to $3000 anyway, the only question is when, shitstorm coming in November and this correction. The greater the pump, the greater the dump.
full member
Activity: 210
Merit: 100
August 15, 2017, 09:46:45 AM
#6
it will not drop below 3000 ever again , if the dump gonna happe again its on 3700 and its good time to buy ? im just curious if we had 4000$ right now , why it will dumping hard on 3000ish , so probably not and best time to buy at 3500-3700
full member
Activity: 215
Merit: 100
August 15, 2017, 09:46:32 AM
#5
Given that today's range on BitStamp is 3,800 to 4,400, clearly 3,500 is very possible!
It's volatile.
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