Bitcoin Price Moving Towards $7500, Market needs a crash - page 5.

azguard

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Quote from: machinek20 on November 03, 2017, 06:38:54 PM

I highly doubt the market need a crash, but after a long time in bitcoin I know that there will be some correction, not a crash, usually near the forking time there will be some drop, but looking by the situation it will recover fast and go higher, the enthusiasm of the investors is incredible, bitcoin is setting a new record every month

You got the right think on this correction. If crash coves out then price could go below 1000 dollars for one bitcoin but this is hardy to happen.
Correction on other hand is something completely different this can happen or maybe is in progress already. Probably we will see major correction on Christmas cuz like every year we will have major sell then, possible that that we will see and experience correction, not the crash no one needs crash.

machinek20

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I highly doubt the market need a crash, but after a long time in bitcoin I know that there will be some correction, not a crash, usually near the forking time there will be some drop, but looking by the situation it will recover fast and go higher, the enthusiasm of the investors is incredible, bitcoin is setting a new record every month

BartS

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Quote from: Bitcoin_baba on November 03, 2017, 07:49:10 AM

Bitcoin price in India is hitting all records and now the price is moving towards the level of Rs. 500000 and its the signal of price correction. I think the next few days are crucial and we should be ready for a crash.

In the bull run, the market captures positive news and ignores small negative news. When people starts selling to make profits, the prices goes down and every negative news are highlighted which can lead a crash.

Market Needs Crash

The market is going to correct itself, but to think it needs a crash you will need to determine that the demand for bitcoin is artificial and cannot be maintained and I think that is incorrect, just look at bitcoin, the increase in price seems to come from real adoption, have you forgotten that japan adopted bitcoin just some months ago? So I do not see any signals a crash is coming and instead I see many signals that bitcoin price is going to keep going up for some time.

ivrynx

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I think are this time what we are seeing is still a bull run, we might see a crash before the fork or after the fork, I think at that time the correction will happen. I think the price is not due to hype it might be due to more and more gaining trust in Bitcoin, since if we check in the news about Bitcoin, there are still negative news out there and fortunately the value of Bitcoin is still rising, let's not get worried if we see the price of Bitcoin going high, this is just normal since Bitcoin has a high volatility, the market will still go for correction.

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Quote from: Bitcoin_baba on November 03, 2017, 07:49:10 AM

Bitcoin price in India is hitting all records and now the price is moving towards the level of Rs. 500000 and its the signal of price correction. I think the next few days are crucial and we should be ready for a crash.

In the bull run, the market captures positive news and ignores small negative news. When people starts selling to make profits, the prices goes down and every negative news are highlighted which can lead a crash.

Market Needs Crash

As always expected, a crash can happened anytime when there is an ongoing crazy pump so nothing new here. Or does it really a crash?

The questioned here is, how much the price will go down once correction happened? It's clear that no answer tot his. So rather than be worried or stressed to what will happened, just enjoy this pump and do what you must think is good to take advantage of this pump.

audrey12

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This pump maybe a sign that supply of bitcoin is getting tighter at this moment and to bring back some in the circulation increasing the value so that holder will be tempt to sell their coins is the way developers think would probably help and after getting the desired number of bitcoin in tge circulation a sudden drop might be experience. This is how I see the market of bitcoin if I was right we must be prepared for a sudden drop

keenjester

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I think if there is a crash in this moment, it will be a big crash that noone want to see it at all.

JaredStein

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I only think the market will get a little crash just before and around the time SegWit2X comes out with their hard fork November 15th. Besides that I don't see much stopping it get to 10,000 USD by Christmas time. Plus with the CME just launching futures trading the big institutional money is starting to come in and that's when the Bitcoin price is really going to reach it's full potential.

Proton2233

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Quote from: anhhung409 on November 03, 2017, 01:09:46 PM

I think the current trend of Bitcoin will continue to increase in the next few days, there is no stopping point and it seems it has not reached the top. Therefore, I always expect something like an accident or something that inhibits this excessive growth, it will be useful for Bitcoin in the future very much.

It seems to me that now the price will go up to $ 8,000 and then begin falling. But if trends continue the price will not fall below $ 6,000. This is a very good result. I have no remorse I'll continue to store my bitcoins. If not this then next year they'll go even higher. I can afford it because I have main job and I have enough Fiat.

jak3

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I don't know what to say on this effect but it's like and the price is going up the peoples are getting more interested in Bitcoin. Even from my locality many people have requested they want to know about Bitcoin, so I think Bitcoin is being adopted more frequently in all over the world and with this page I think we can cross $10,000 in around 2 years.

Krikke

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Quote from: prince05 on November 03, 2017, 08:35:56 AM

I don't see any market crash soon.. the trend is just going up. This only suggest how persons really need bitcoin these days. I just hope it does stay the same as what I am seeing it to be the future of all currency.

Indeed the trend is still going up... there will always be corrections, but the user adoption is growing tremendously. Especially now with the news of ETFs maybe appearing. This means wall street money might be pouring in!
But we will get a crash someday... but the bulls are still having the stage for now.

Bitcoin can really have a big impact on our world economy!

senne

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Quote from: prince05 on November 03, 2017, 08:35:56 AM

I don't see any market crash soon.. the trend is just going up. This only suggest how persons really need bitcoin these days. I just hope it does stay the same as what I am seeing it to be the future of all currency.

Crash is in inevitable and one can expect crash at any movement but not soon as suggested by current market position. Correction in the value will help the alt market to pump again because all the alt coins are not at good state. Correction or crash in the price will help alt market to stand again and further more investors will invest in Bitcoin and in alt coins.

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Quote from: DrGuns4Hands on November 03, 2017, 08:46:06 AM

soon there will be a crash since the segwit2x fork will come soon and that will end the price bubble there's a lot of panic sellers mostly first time in trading industry even tho they only have little profit they will gonna sell it asap when the price starts dumping. but for me no matter what happen im gonna hold my coins. holding it for a long term is more profitable .

Will the segwit2x fork really be the reason that bitcoin would stop its bull run? I mean, the last fork rather saw bitcoin gearing towards bullish the more.

I think if bitcoin is going to be stopped for the moment, is going to be as a result of saturation, being that it has not really had a huge retracement for close to a month now. Thus, this might lead to panic selling which would not last for long and that might lead to correction of the market for another take off. My opinion though....

I don't wish the dive to happen this week Grin

Lonsdayl

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Quote from: trecore4 on November 03, 2017, 12:50:51 PM

Well thats ridiculously very high price for India country. I mean whatever I can see is the six figures per coin which is way high if you are holding it. I mean just imagine how much interest rate you can achieve over this price and fill up your bank accounts. Plus there is no restriction not he bitcoin in the Indian territory which makes it even best to invest and earn back the money. I love that figure don’t know why, its too huge as compared to USD for local Indians though. Lolz. Good one.

And don’t worry it won’t crash hard enough as you might be thinking. May be it will reach to 4K again but won’t go below that.

Maybe OP was talking not about crush, but about correction. If we all think logical, there wasn't any great reason for such great rally. But price is popping, so there must be a downtrend.

anhhung409

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I think the current trend of Bitcoin will continue to increase in the next few days, there is no stopping point and it seems it has not reached the top. Therefore, I always expect something like an accident or something that inhibits this excessive growth, it will be useful for Bitcoin in the future very much.

merchantofzeny

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Quote from: DrGuns4Hands on November 03, 2017, 08:46:06 AM

soon there will be a crash since the segwit2x fork will come soon and that will end the price bubble there's a lot of panic sellers mostly first time in trading industry even tho they only have little profit they will gonna sell it asap when the price starts dumping. but for me no matter what happen im gonna hold my coins. holding it for a long term is more profitable .

Exactly my view, though with mine it's because I can't buy much anyway. Grin

Yeah, I think it would crash somehow after people dump both their btc and btg. Then the cycle starts all over again. If with money, might as well take advantage of the coming crash.

buwaytress

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Don't know if there's ever such a thing as needing a crash when it comes to Bitcoin. This crypto market continues to shrug off every known convention and technical analysis. The last time I remember a sustained correction was when it came back down to from 2000, and then some weeks below 4,000. Ever since then, though, it's just been on a hot tin roof. Every alt holder must really be hoping for some let off by now, but I'm done making any solid predictions. Just going to wait at least til December when the effects of Segwit2x will be more apparent.

There's hardly any more dips beyond the reach of day traders even to buy into now! Hold on to your seats, gentlemen and ladies.

trecore4

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Well thats ridiculously very high price for India country. I mean whatever I can see is the six figures per coin which is way high if you are holding it. I mean just imagine how much interest rate you can achieve over this price and fill up your bank accounts. Plus there is no restriction not he bitcoin in the Indian territory which makes it even best to invest and earn back the money. I love that figure don’t know why, its too huge as compared to USD for local Indians though. Lolz. Good one.

And don’t worry it won’t crash hard enough as you might be thinking. May be it will reach to 4K again but won’t go below that.

lighpulsar07

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indeed bitcoin needs a crash because i want to bitcoins in cheap but i think it won't happen this week because people are stacking up some bitcoins for incoming fork this november 16, segwit2x hard fork and despite all of the negative news like banning bitcoin as a payment in vietnam bitcoin is still strong and i think people still don't care about the bitcoin news they want to stack up for now but i sensed that bitcoin may corrected or crash after the fork ans i hope that it will bounce back afterwards

ChrisPop

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The price is definitely due for a correction but from my point of view it is pretty unlikely to happen before the B2X fork. After it I expect a lot of money to pour back into the altcoins so if you're fast enough a good move would be to sell your btc for altcoins immediately after the fork. Wink

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