Crash or Correction - page 2. | Bitcointalksearch.org

Qartersa

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Quote from: hugeblack on November 30, 2017, 06:36:15 AM

The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000.[1]

2017-11-26 price was 8,200$

2017-11-29 price was 11,000$

2017-11-30 price 9,800$

Is this crash or small/huge correction?

Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

As for me, it is just a correction. It is too minute to call it a crash because you even see it going mainstream within the bounds of $10,000. It did not go down further. Perhaps, it may just also be brought about by sudden increase of demand that the supply can hardly make good to it because there are too much investors who chose to hold their Bitcoins.

mrfegit

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I think it's a correction, if the bitcoin is more than 12k, it's totally is a bubble and it will crash in the next week.

TERA2

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Deb Rah Von Doom

A crash is when 80% of the value is lost. By the time you know you're in the crash, it's too late.

decryptionary

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Quote from: RealPhotoshoper on November 30, 2017, 09:34:42 AM

Crash , a sudden rapid drop price. Correction , a slow drop price and usually takes several times hit the market.
That's the definition of crash and correction for me , i cannot judge the market yet for now.
Let's see in the next few days , but i believe this gonna be a crash. Be ready for it.

Hey that's good. I might have to quote you in my crypto and blockchain dictionary, Decryptionary.com

Stooked

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Normal down because supply and Demand not crash or even correction

price more than 11,700$

magneto

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Quote from: hugeblack on November 30, 2017, 06:36:15 AM

The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000.[1]

2017-11-26 price was 8,200$

2017-11-29 price was 11,000$

2017-11-30 price 9,800$

Is this crash or small/huge correction?

Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

There isn't much of a difference between crash or correction. Just two words for the same thing. But it's certainly temporary as shown by the climbing bitcoin price right now, in fact we're looking at $11k+ right now.

Honestly, these corrections have to be expected. As any bull market goes, there will be times where bitcoin is climbing and other times when the price is taking a hit from panic dumpers.

Just ensure that you don't fall for the bear trap when it comes, just like it came this time with the dump below $10k.

btcney

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Quote from: hugeblack on November 30, 2017, 06:36:15 AM

The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000.[1]

2017-11-26 price was 8,200$

2017-11-29 price was 11,000$

2017-11-30 price 9,800$

Is this crash or small/huge correction?

Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

You have to expect these things to happen with bitcoin price. The price can't just continue to go up forever. It's just a part of the entire cycle with bitcoin's price, boom and bust if you know what i mean. But long term i can say for sure that BTC is going to continue to go up.

After that correction i really think that $10k isn't going to be breached for a long time.

A real "crash" probably won't happen until next year, i'd say.

ivrynx

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From whag had happened it was a healthy correction, though there has been news that coinbase had a glitch, causing the drop in the price, still we do not see any upcoming crash any time soon, and probably there will be none, since by the looks of it, bitcoin has been accepted by a lot of people as an asset, in which it only makes the price of bitcoin higher, still bitcoin is not just an asset but a currency as well. The drop may also be due tonthe coming holdiays, wherein people had alrady gained profits, and wanted to cash out in time for the holdiays, and wenahould consider fhat to be a correction as well, and see a a new rally by january.

Koadharber

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Quote from: hugeblack on November 30, 2017, 06:36:15 AM

The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000.[1]

2017-11-26 price was 8,200$

2017-11-29 price was 11,000$

2017-11-30 price 9,800$

Is this crash or small/huge correction?

Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

When we do try to compare both things which is "Crash" and "Correction" we would able to find out the difference because when we do mention crash price have significantly drop on huge % which would have been cause either large group of the community did able to sold mostly all of their holdings which have cause on such price down. "Correction" price decrease but only on considerable % which is mostly on 10-20% down on its price.

kriptotr

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Quote from: HabBear on December 02, 2017, 01:45:25 PM

Quote from: hugeblack on November 30, 2017, 06:36:15 AM

Is this crash or small/huge correction?

There are standard definitions.

A correction is when the market or valuation of an asset falls 10% or more.

a crash is when the market or valuation of an asset falls 40% or more.

What we've experienced multiple times this year have been corrections, not crashes. The last Bitcoin crash I'm aware of was in 2014...but I'm not looking at all the data right now either.

No crashes, how? In the begginning of september, bitcoin price was $4500 and then it went down to $2600 within 15 days. I think you don't remember this, this was a crash.

HabBear

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Quote from: hugeblack on November 30, 2017, 06:36:15 AM

Is this crash or small/huge correction?

There are standard definitions.

A correction is when the market or valuation of an asset falls 10% or more.

a crash is when the market or valuation of an asset falls 40% or more.

What we've experienced multiple times this year have been corrections, not crashes. The last Bitcoin crash I'm aware of was in 2014...but I'm not looking at all the data right now either.

Kemarit

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Quote from: di.ako.toh on December 02, 2017, 08:15:57 AM

I think it is just a correction and not a crash.
If this is a crash, bitcoin's value drops a huge down, than what had happen. Maybe it is just a correction or higher investors take their gains, and converted bitcoins into fiat. Besides after its value goes down it increases again and now it has reached already more than $10k again and again.

Just minor corrections that I see a few days ago. $10,000 is a mental barrier, traders will likely sell if this price is hit or even higher. But bitcoin has recovered, and even go further today and touching above $11,000. A crash is like at 30% down or more. And we can't seen bitcoin experienced major crashes and a lot of corrections along the way. But we are still here and touching $11,000. I think that there are a lot of uneducated members here that panics every time bitcoin goes for a dip, because they didn't know that this is just normal in our ecosystem. Sometimes correction happens because investors just like to take profit and sell some of their bitcoin but then immediately get it back when the price goes down. This is how the market works and we shouldn't look at correction in the bad way. Its the perfect opportunity to enter the market again when bitcoin is cheap.

di.ako.toh

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I think it is just a correction and not a crash.
If this is a crash, bitcoin's value drops a huge down, than what had happen. Maybe it is just a correction or higher investors take their gains, and converted bitcoins into fiat. Besides after its value goes down it increases again and now it has reached already more than $10k again and again.

barota

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When we talk about correction . i think bitcoin did not make correction complete like 2017 or before the last

TERA2

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Deb Rah Von Doom

By the time you know you're in the crash, it is too late.

michellee

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Quote from: ArnoldChippy on December 01, 2017, 06:52:53 PM

Quote from: lablab03 on November 30, 2017, 11:39:18 PM

For me maybe this is crash is normal. And also it always happened which is when bitcoin Fall soon it will recover or It will surpasS again Like what happened in the first week of November. Bitcoin suddenly fall then after 3 to 4 days bitcoin value surpass 10k. Maybe this scenario is a correction which is Maybe it gaining some strength to surge again

I think we should not consider it as a crash. it is just a correction.

yes, yesterday is just a correction like what we see in the past and now the price is moving higher and I think it will reach higher soon. but yes, the price is dropped too deep and maybe it makes people get panic and selling their bitcoin but this is the opportunity for people which waiting the price is down so they can buy bitcoin with low price. now with the price increases, people can sell their bitcoin to make a nice profit.

Kingofbitcoin12345

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Most likely it was just an easy selling dropped.. Crash is nowhere to be found at this and will never happened at this year or even correction because I don’t know what this really mean.. If no one sold they’re hold bitcoin and there still a decrease that what I thought a correction might be made.. And now the price is nearing 11000$ again so the answer would be obvious.. It is just a normal demand and supply thing..

ArnoldChippy

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Quote from: lablab03 on November 30, 2017, 11:39:18 PM

For me maybe this is crash is normal. And also it always happened which is when bitcoin Fall soon it will recover or It will surpasS again Like what happened in the first week of November. Bitcoin suddenly fall then after 3 to 4 days bitcoin value surpass 10k. Maybe this scenario is a correction which is Maybe it gaining some strength to surge again

I think we should not consider it as a crash. it is just a correction.

crypto1010

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Simple correction that happened and last time i checked the weighted price it looks like the price is on the rise again and we just might get lucky over the weekend with a new all time high.

Gabb

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Actually this type of movement has been very common in the behavior of bitcoin, especially throughout this year, so I think that everyone who is involved in this cryptouniverse should already be used to it, so we should take advantage of these great corrections to increase our stock of bitcoins instead of panicking and start asking again if the bitcoin will collapse, as many people tend to do before any slight correction.

Topic: Crash or Correction - page 2. (Read 1775 times)