BTC Already in $4K...Will There Be Corrections? - page 2.

pitham1

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Quote from: CryptoBry on August 12, 2017, 09:54:12 PM

I just watched CoinMarketCap.com and I am amazed that finally Bitcoin has already broken the $4K wall and there is a big possibility it might continue on rising. This is already the weekend which is traditionally weak days for Bitcoin but this time it defied expectations.

Now, I am wondering: Would there be some corrections on price right after this elegant movement of our beloved crypto...? Or will it again continue on defying expectation and historical precedents of its own?

I certainly hope it would be the latter though of course we should expect the Bitcoin would also pause for some rest after this breathtaking surge, right?

I think there will be a correction, but that is not necessarily a bad thing. Some people will book profits now. Others will keep holding. In any case, there is a shuffle in bitcoin's ownership and more and more people are getting into Bitcoin.

jerowacik

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Quote from: mrcash02 on August 12, 2017, 11:25:23 PM

Yes, there will be corrections. In my humble opinion we have hit the roof for now, $4100 is a very high price to achieve so fast like we have seen today. I personally think it's a good idea to sell the BTCs and wait the dump to buy again (only if you have bought it cheaper, of course). I wasn't expecting the price increase so fast, what means the correction will be stronger.

Prices previously unexpected. We all benefit greatly if we have btcoin. Prices drastically increased in just a few hours. Maybe selling bitcoin at this time can make us get big profit, but if we can be patient maybe bitcoin price can reach 5000USD within few weeks ahead. I'm not sure there will be any correction in the future because I see a constantly rising graph of bitcoin price increases and tends to increase all the time.

roflmao129

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Quote from: CryptoBry on August 12, 2017, 09:54:12 PM

I just watched CoinMarketCap.com and I am amazed that finally Bitcoin has already broken the $4K wall and there is a big possibility it might continue on rising. This is already the weekend which is traditionally weak days for Bitcoin but this time it defied expectations.

Now, I am wondering: Would there be some corrections on price right after this elegant movement of our beloved crypto...? Or will it again continue on defying expectation and historical precedents of its own?

I certainly hope it would be the latter though of course we should expect the Bitcoin would also pause for some rest after this breathtaking surge, right?

There will be a dump after the big increase. I can ensure with you that. Bitcoin price always decrease after it hit the new peak so I believe that this is the right time to sell 1/2 of your bitcoin. Then, we will rebuy it and make profit from that activity Cheesy

mrcash02

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Yes, there will be corrections. In my humble opinion we have hit the roof for now, $4100 is a very high price to achieve so fast like we have seen today. I personally think it's a good idea to sell the BTCs and wait the dump to buy again (only if you have bought it cheaper, of course). I wasn't expecting the price increase so fast, what means the correction will be stronger.

HabBear

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Quote from: CryptoBry on August 12, 2017, 09:54:12 PM

Now, I am wondering: Would there be some corrections on price right after this elegant movement of our beloved crypto...? Or will it again continue on defying expectation and historical precedents of its own?

Of course it'll pull back. It always does. And in the world of investments there's no investment that soars without some rocky spots along the way.

The cue to be looking for is how the market reacts immediately following a drop. Does the price stall and wallow or is there a response? There's a response. There's always an immediate bounce back...not to the previously high price but a bounce up. What this means is that there's support waiting on the sidelines. There's money in waiting to be invested at every dip in price. This demonstrates that there is a lot of long term support for the price.

pooya87

legendary

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there ARE corrections.
you just don't notice them probably because you are zoomed out too much or probably because you are waiting for a huge drop.
for example about 8 hours ago there was a $149 drop before this rise to break the $4000 resistance started. right now there is also another drop of $100+ and these show a very healthy market upward movement in my experience.

Shinpako09

legendary

Activity: 2058

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Price movement is unbelievable. It exceed my expectation. I think this was the best rally i've seen since I started, rally for how many days and has a big raise. I didn't expect it to happen this fast. Correction? don't mind it for now and just enjoy the show.

bL4nkcode

copper member

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Limited in number. Limitless in potential.

I'm so amazed when I woke up early this morning and try to look the price on preev. And well of course like what mentioned above there's always a right correction when ever there's an increase of price. And now we're continue rising, I feel we will reach 5000$ so just hold your balls.

BrewMaster

legendary

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There is trouble abrewing

there is always a correction after each rise, it is impossible to have "only" price rise. the correction is just traders selling what they have bought to take the profit out. and there has already been a couple of small corrections.

we are once again on the rocket to the moon and it has not yet showed any signs of slowing down. i say it will continue going up for some more before any bigger corrections.

CryptoBry

sr. member

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Merit: 355

I just watched CoinMarketCap.com and I am amazed that finally Bitcoin has already broken the $4K wall and there is a big possibility it might continue on rising. This is already the weekend which is traditionally weak days for Bitcoin but this time it defied expectations.

Now, I am wondering: Would there be some corrections on price right after this elegant movement of our beloved crypto...? Or will it again continue on defying expectation and historical precedents of its own?

I certainly hope it would be the latter though of course we should expect the Bitcoin would also pause for some rest after this breathtaking surge, right?

Topic: BTC Already in $4K...Will There Be Corrections? - page 2. (Read 1264 times)