Topic: Crash or Correction - page 4. (Read 1775 times)
In my own opinion its likely a correction the price went to high within just 2 months. Probably it will go down in the next coming days people would be cashing out for profits especially since the holidays are coming in.
A crash is a drop of about 30% or more. That would take bitcoin to about $7700. The price is around $9700 right now - so it's a correction, and it's consolidating between $9000 and $10,000. Which is fine. It went up just too fast.
I think that's a crash actually because its really too fast to drop of its price. Maybe a corrections can be associated to that but for this moment that price is actually struggling to rise even higher its our very best opportunity to hold bitcoins. Don't care if fluctuations is ongoing but the important is you know how to handle the current situations and you can manage it.
It looks similar to that it happens with each and every price increase. Once after growing to certain price point, it automatically falls back and generates momentum to grow further and reach higher value than that of the price from which it trailed downwards.
For me that is just a plain correction. Remember when we are getting through at $8,000? It went back at $5,900 right? I dont think it is a crash, when we say crash in my own definition there is a big slash to its current original price, mostly half of if. But with these correction it is not more than of it.
A crash is a drop of about 30% or more. That would take bitcoin to about $7700. The price is around $9700 right now - so it's a correction, and it's consolidating between $9000 and $10,000. Which is fine. It went up just too fast.
Exactly. And it take over shortly. BTC has a lot of support around $7900 area. I think we could see a correction to that level for a day or two and then rocket back up. Maybe I'm proved wrong, lets see what happens.
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/
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/
Take note also that by looking at 24h view on today, yesterday and the day before, price increase was established for about closed to $1,000 in the span of not less than a hour alongside with price decrease, like a roller coaster. Meaning the resistance was great at above $9,000 so how much more below it. Clearly a correction and not a crash. Why I say it as a correction? Since the bottom price reached didn't say for long, it's clearly not a crash.
And now same price movement is happening, playing with the margin of $500 or more increase and decrease. The good thing here is, we can see lots of green lights at around $9,000 meaning we can treat this as a new bottom. You decide.
I am buying at current prices and will not sell below $15k in future. 
And therein lies the genius of trading Bitcoin. Just HODL till you get the price you want. I am not sure there are other commodities where such a strategy would work but it will work for Bitcoin.
It is just a normal backfire. I have been predicting that yesterday. At any very sharp rise is associated a little downtrend to compensate. But price is holding strongly now, and I doubt we will go down that much.
It was a healthy correction IMO
A crash is a drop of about 30% or more. That would take bitcoin to about $7700. The price is around $9700 right now - so it's a correction, and it's consolidating between $9000 and $10,000. Which is fine. It went up just too fast.
Exactly. And it take over shortly. BTC has a lot of support around $7900 area. I think we could see a correction to that level for a day or two and then rocket back up. Maybe I'm proved wrong, lets see what happens. 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/
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/
It was an obvious correction on my part. 11k to 9.8k is just around 10%. Way too low to say that it is a crash and is very justifiable that it is just a correction. Bitcoin falling that much after reaching a very high ATH is expected since many will definitely gather their profits and some will trigger a landslide so that they could buy more at a lower price.
I'd say ~30% correction.
Probably a correction, chances of a crash are very low because a huge community is in the market now. I also admit that the price fluctuation has increased a lot during the past few days which is not normal as we have seen a huge decline of $1500 in 14 to 15 hours today, but hopefully it will need some more time to settle the price a bit at a certain level.
Clearly a crash. This is the crash that will finally convince people that bitcoin (and all cryptocurrencies) are failed experiments. We will drift downward from here in fits and starts until the last person walks away and we're at zero, or nearly zero. The world will move on to something else. This is all pretty clear in the data analysis of TA and other sources.
Careful now, some poor noobs might actually believe you!
Clearly a crash. This is the crash that will finally convince people that bitcoin (and all cryptocurrencies) are failed experiments. We will drift downward from here in fits and starts until the last person walks away and we're at zero, or nearly zero. The world will move on to something else. This is all pretty clear in the data analysis of TA and other sources.
I think the market is still undecided on whether this is a correctio or crash. If the selling order is able to cut through 7K level, then it will be a "crash", because likely it will find the next support level at 5K.
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/
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/
No need to worry at all. This is correction you will find the crash little more in the chart like touching down to 9k USD to then automatically recover back to the peak by taking the time around 20 days.
This how bitcoin price chart is reacting from the August when the time we find the hard fork. Now I think that this is the same issue again this time. Please wait for sometime you will find the bitcoin price to touch the end of December.
Its just correction and not a crash as drop is not over 10% in last 24 hour, 10% might sound huge but in crypto it is just a normal drop. Bitcoin price will surge again and the one who will buy all these cheap bitcoins will be the one with happy faces in next few days.
I am buying at current prices and will not sell below $15k in future.
It seems to me that 9000 dollars is not the limit of fall. I don't buy at this price. I'm sure that the next leap of bitcoin will be up to $ 12,000, but before this should be the maximum retracement. The real price of bitcoin is now 9000-10000 dollars. So I'll wait for another price reduction. I am buying at current prices and will not sell below $15k in future.
Just a correcton. Imo we could talk about a crash if price is 5k$. In a week it will be ATH again if it continues like this.
Too bad the alts are suffering..
Too bad the alts are suffering..
Its just correction and not a crash as drop is not over 10% in last 24 hour, 10% might sound huge but in crypto it is just a normal drop. Bitcoin price will surge again and the one who will buy all these cheap bitcoins will be the one with happy faces in next few days.
I am buying at current prices and will not sell below $15k in future.
I am buying at current prices and will not sell below $15k in future.
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