Bitcoin Price Moving Towards $7500, Market needs a crash - page 6.

player514

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

I think saying something "needs" a crash is a fallacious argument. Nothing is due a crash. In ideal situations, bitcoin could potentially just end up constantly going up. However, we do not live in an ideal situation. However, again, this does not support the cause for having a crash. Again, I'm not saying that there aren't going to be any crashes, but that your logic is partly fallacious.

engrshu

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Quote from: mrbnson on November 03, 2017, 10:19:31 AM

A correction seems only a matter of time, anyone with any knowledge of financial markets knows that things cannot simply trend upwards at such a rapid rate for a prolonged period. Most likely it will happen before/shortly after segwit2x but I do not see btc really falling too much, probably 6k at lowest.

I'm also thinking the same thing. Btc will surely fall after the segwit2x but same as the last hard fork, it's value will bounce back again for sure. Let's just hope for the best, especially for all the bitcoin holders.

NeuroticFish

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With the news on Wall Street and Futures trading, I think that the correction will not happen this quick.
If all goes well, the correction may even come only after touching 10000$! But yeah, it's just a thought. From now on I'll keep my eyes on the markets more carefully, maybe I get to sell high and buy low...

Paul Pogba

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Too fast a price increase makes all altcoin drop prices, everyone sells altcoin for bitcoin so I lose thousands of USD in this day, mostly because I invest on altcoin.

Dudeperfect

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Well, it's not about any negative news but I am expecting a practical price correction of at least 20% to 30% within a period of next two months. This is a sudden rise and won't last long as this is not an organic growth, traders are en-cashing the opportunities in this wild behaviour of the market. Bitcoin will organically hit $7K to $10K in next year but there will be a crash soon to correct the price but it will happen after the fork.

willmunte

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

this is the bubble I'm sure about this, it will start dump in the next few days maybe next few hours. Then there will be many people caught up in this accident.

ZurbCash

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Quote from: filharvey on November 03, 2017, 10:06:32 AM

Except segwit 2x activation,there seems no critical issues for bitcoin in the upcoming days.
Bitcoin has even overcome successfully the most feared dominant China's actions against it.
It has already faced two hard forks and survived.
Many consider that same would be the case with the following expected hard fork.
But its much worrying since segwit 2x has got more miners support and it has almost 85% hash rate.
So,there would be really more FUD,panic selling,chaos before segwit 2x activation.
But,if segwit 2x fails to get enough support,then bitcoin price would once again skyrocket.

It might be a silly question to you but I am trying to understand, what really happen with hard fork?

HarleyQuinn9876

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

I hope the market will not collapse. I am hoarding a few bitcoins. The higher the bitcoin price, the better I will get. What worries me is that bitcoin prices drop dramatically. I hope no crash happen

bitcoinvamp

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

Yeah exactly ,even i am worried about this situation . Maybe it will surpass 7500$ but i think till the end of this year the price will not go too down . But who am i to say or to predict eventually what's gonna happen will happen.

DaddyMonsi

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Why would there be a crash? What I am expecting is a pull back or a market correction but not necessary a crash. If Bitcoin price drops yo $5,500 I don't think that its considered a crash and besides you guys should get used to pull backs after a bull run, this is not the first time we have seen BTC price reached ATH and beats ATH again in 24 hours. If Bitcoin price dropped to $5,000 its just an indication to buy more and prepare for another bull run.

carlfebz2

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

Market crash? It wont be possible as of these days seeing on the strong support into bitcoin.We might seeing now bull run which most people do see it already as a bubble.Even myself too believe on such thing.There wont be a crash but would really have price corrections later on because we do know on whats the thing drives the price of bitcoin as of these days which is on the fork event with bitcoin gold and bitcoin 2x.

killerfrost

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That's what I expect at the moment when Bitcoin prices have hit the mark and can break down at any time. So, I expect that there will be enough crash to suppress the price of Bitcoin or any stop signal rising from it.

Lonsdayl

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Quote from: LeGaulois on November 03, 2017, 10:03:03 AM

The market won't crash so easily. In the second part of this month, we will surely see a huge correction in the Bitcoin's value, but the market will stay the same. Nothing to be worried about. People need to be used to this and stop to be worried.
Keep to be happy with the market and enjoy.

It's hard to be happy, when something that have no value costs at first $ 1,000, then $ 3000 and already $7,500. It is very strange situation, isn't it?

fiulpro

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I don't think why the market needs a crash ?
Stabilizing prices of bitcoins, setting their value to some default one, making it adapt according to your own thinking is one of the method to make it centralized, bitcoins keeps on going up down according to the market , wishing for a crash.. I don't even know if its legit.. yes I do understand some people are looking for a chance for the price of bitcoins to decrease so that they can buy and invest since now they had seen the true potential of bitcoins... But anyways its bad for the market... It would be 1000 times more fair it the price of bitcoins keeps on increasing... The calatonian referendum did gave it a fair push towards this value but other than that.. Bitcoin gold and segwit2x can't be ignored and the price will go up until segwit2x no doubt in that... Also they won't decrease that much for it to be called a crash..

Yaunfitda

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Quote from: Bitcoin_baba on November 03, 2017, 08:49:10 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

Of course the market can't remained in this state, it will always needs to go down for price correction. But I think it will still be after the fork because FOMO is always real. But as far as India is concern, I don't know what they are buying bitcoin at a premium price there, maybe there is some speculation that they are going to ban crypto currency.

Ctn

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Doesn’t matter what happens with the news as long as the fork is taking place people will try to hold their bitcoin his time. As there is no news about its adverse effect on bitcoin wallet then people have no fear of holding it for long. This they are doing for the sake of getting those free alt coin which will be distributed after the splitting of blockchain. So you see people are being opportunistic here and this will lead to growth only and no down crash. Yes it might be possible that bitcoin will crash after the hard fork as it would have already done its job meanwhile.

ralle14

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Last time bitcoin crashed real hard was during the middle of September, price peaked on the second day of the month $4.5k then slowly dip down to $2.9k. Possible that another crash or dip can happen between 2nd or 3rd week this month because of the price rising and it hasn't dropped within the last few days. There's also a chance that the price won't go down that much because look what happened during the last fork the price only went down by ~8% ($6k to $5.5k).

darthmaul

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It doesn't depend upon the upward movement of the bitcoin but its all about how does it performs in the hard fork. Why? The specific reason is all about the hard fork itself. Because whatever price rise we are currently experiencing is because of the hard fork only and people will keep stacking up the bitcoin unless and until they receive the segwit2x coin promptly into their wallet. This is easy and everyone knows the benefits of getting free coins in first place. This time its not going to be like bitcoin gold which was dumb idea and nothin else. This time its real coins with real use and that why the prices are going to be very high. So no more crash for bitcoin unless and until something bad happens. :-)

damberg

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I don't think that we are ahead of a crash (the term crash is usually used to indicate sudden and intensive collapse of a market e.g. MBS market during 2017). However, we will very probably face a "standard cryptocurrency correction" which si far more volatile than in for example stocks or commodities. My guess is correction somewhere to $4800 per BTC right after the segwit2x fork due to market uncertainity.

mrbnson

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A correction seems only a matter of time, anyone with any knowledge of financial markets knows that things cannot simply trend upwards at such a rapid rate for a prolonged period. Most likely it will happen before/shortly after segwit2x but I do not see btc really falling too much, probably 6k at lowest.

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