Do you think we have had the correction point in the dip of BTC?

micher143

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

I think we can expect more dip downs to come in the pricing of Bitcoin as well as the alternative coins (altcoins) because currencies are intended to go up and down to maintain the balance in the market. Well, what we are experiencing right now is an after effect to balance or correct the sudden rise of Bitcoin in the year 2017 that reaches its peak price which is $20,000 by that time. So to correct everything, the sudden down fall has risen into action to let other people to purchase Bitcoin at low price which they cannot afford to do when the price have risen all of a sudden. So by this time, we must just treat the situation positively and took advantage of this to purchase more Bitcoin since we are already seeing the slowly but surely movement of the price leading to $6,000. That is why right now, I am up into converting my fiat into cryptocurrency to be ready once the price rises up once again. That is made possible for me through Darb which is an online wallet and an the same time an exchanger that enables me to trade and convert my fiat into cryptocurrency.

WinslowIII

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Quote from: Bitcoinwaist on January 02, 2019, 01:32:03 PM

Bottom is in. Buy!

A year and a half until next halving? I doubt it.

Bitcoinwaist

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Bottom is in. Buy!

omonuyak

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

It will be very difficult for someone to really predict the bottom as the bottom is not a measure but decision people made concerning they investments. Remember that when people are afraid that is when the big players come into the market and when they are greedy that is when to sell to them and make your own profits.

WinslowIII

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Quote from: LFC_Bitcoin on January 02, 2019, 11:47:12 AM

We can definitely go below $3,000. Do I think it will happen — I don’t know, I really hope not.

We have successfully tested support at $3,000 though a few times so hopefully we’ve already seen the bottom & can start recovery from here.

There are way too many people like you who already have all the bitcoins they plan to buy and are just hodling for the next big rise. I think there are much lower prices to come because many hodlers need to be flushed out still. When the point comes where we are all wondering if bitcoin is going to zero and many have given up and sold after promising themselves they wouldn't, that will be the bottom - and we haven't even come close to that point yet.

LFC_Bitcoin

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We can definitely go below $3,000. Do I think it will happen — I don’t know, I really hope not.

We have successfully tested support at $3,000 though a few times so hopefully we’ve already seen the bottom & can start recovery from here.

gabmen

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

It's really hard to tell dude. We may think that that is the bottom but just like when btc was steadily above 6k and we though that 5.5k was the bottom, we came spiralling down to 3k. And few thought that all time low for 2018 would come during the last quarter.

jrrsparkles

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

Not anyone can tell about the dumping and bumping movement but it looks like we hit the most bottom we can reach by any level this year.So we are not going to see any further dip.

In 2019,the price maybe go flat or just be bullish hopefully. Wink

eminemcookie

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What is there that really suggests that $3200 will be the bottom? There's little reason for it being so, just people are hopeful that it won't be. Most people here were calling a bottom for months on end at 6k but that didn't hold. I'm optimistic for 3k being the bottom but no one is yet to convince me of any good reason why.

Tagus45

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It is difficult to ascertain because the market conditions are always volatile, and there is a possibility that there will be a decline and may reach $ 2500.

Red-Apple

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every big rise needs a big correction, unfortunately. and whenever the big "rises" happen, they bring in a lot of newbies who are in bitcoin for the money making purposes and when their dreams of becoming rich in less than a day is shattered they start leaving bitcoin. that is also referred to as the flush out.
but whales being whales are always going to take advantage and manipulate it more. i said all that to say we have already flushed almost all of them out and whales have done their manipulation as much as they could. this should be the bottom but you will never know for sure.

mk4

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Quote from: clonely on January 02, 2019, 04:04:50 AM

Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

I hope, we had already. I can't stand the price drop anymore. We've already lost a lot of money in last year. That's enough. Lets we make money.

If you're not patient, then get out. We had a 2-year price stagnation in the past, and it's definitely not impossible to happen again. Bitcoin didn't exist to make people money in the first place.

Kemarit

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

There's no way we can predict if we really hit the bottom. I'm sure that majority of people here doesn't want to see bitcoin go below $3000, however, everything is possible in this market simply because it is based on speculation. Even "TA experts" are still divided, some saying that we need to go and see a final capitulation at $2000 before we can see a massive growth again, but there are people who think that we already touch the bottom. I guess we just look at the bright side and take every opportunity to buy cheap Bitcoins and wait till we see another bull run.

akram143

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

The previous investors who had a lot experience in this field are definitely saying Bitcoin will go now bright future but the newcomers will not understand the right situation and write algorithm of Bitcoin that's why they are saying this is gonna end but it is not like that we have to hold on our confidence with the development and the future of Bitcoin it will be definitely a good show for all of us.

clonely

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

I hope, we had already. I can't stand the price drop anymore. We've already lost a lot of money in last year. That's enough. Lets we make money.

Kakmakr

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Nobody can accurately answer this question in all honesty, because the Bitcoin price is not predictable. The people making predictions like this are most probably heavily invested in Bitcoin and wants to manipulate people into buying more coins to inflate the price in their favor.

Bitcoin is also a global technology that are influenced by global factors and this makes it very unpredictable. also, do not go on previous price behavior, because Bitcoin does not follow a set price pattern. Roll Eyes

Indrawan77

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I think we will see another dip, maybe below $2000, some of the positive news unable to rise the price above $3000, so I expect when there is another bad news then the price will fall down much deeper, this is the very first time the investors see the huge fall down, so it maybe a bit hard to convince other investors to put in the fund, the market also very unstable, so it's a bit fragile situation for bitcoin

bayu7adi

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

the term term in trading in my opinion is only 50% accurate, while 50% is not on target
people say what is the correction price, but actually the price of bitcoin is not easy to control so that it stays above the correction price, that means the guesser of this price only uses forecast theory, and has never found an exact science when it comes to dynamic bitcoin prices

davis196

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

I have a message for all the people,who use this forum.
Please stop wtih those type of forum posts."Is the price dump over?",When the btc price will start going up?",
"When we will hit the bottom?","IS this the end of bitcoin?"...
Asking such questions only proves that you are stupid,so just don't ask them,because nobody can answer.

Herbert2020

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Quote from: Aponkye1 on January 02, 2019, 12:23:27 AM

This sudden dump in the price of bitcoin is not something we have not seen before

by "this sudden dump" you mean a drop that happened more than 1 and a half month ago!

Quote

looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise.

that is not a "correction point" in my opinion. an "artificial bottom" is a more appropriate term that also explains it better be cause it is a bottom and it is not natural since it was reached by manipulation and dumps not natural corrections and sell offs.

Quote

Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

that is the whole point of an "artificial bottom" that you can not predict it. which is why i think it is a better term. a bottom can be predicted better since it would be natural and analysis works for it but when it is "fake" and manipulated then it becomes impossible to predict.

all you can do is to predict the "bottom" then buy there and ignore the "artificial" one.

ipanks

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I don't know where is the lowest point price of bitcoin because I think it's difficult to predict the price itself. But if the price will down less than $3k, then we should ready for that price and we need to prepare the money to buy bitcoin because this will not happen in the future. But if the price will stay at more than $3k, then it's good because at least, it's a good price to buy and sell in that level and I think we can still make the profit.

Kelvinikke

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I do agree with the OP that we definitley have hit the correction point because i don't really believe bitcoin can go much lower at this rate. Also with the upcoming regulations that are coming on board it would help bring more investors on board for us to have a rise in the crypto market.

mk4

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I personally think around $3000 is the lowest we can go, but I really won't be surprised if we drop lower to around the $2100 price point (just because you know, bitcoin being unpredictable as usual).

But just as always, in the end, no one knows.

Aponkye1

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This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?

Topic: Do you think we have had the correction point in the dip of BTC? (Read 342 times)