Topic: Dump/Correction @ 10k (Read 1743 times)

The price moves quickly to 10k in 1 or 2 months and there may occur a dump at 10k as it looks like a standard margin and many intent to sell their coins and after that it attains a slow growth and if it is the case it is good to buy some more coins when price dumps. It would be again profit when price increases again.

Many investors looks $10,000 as their selling point, so definitely, when this price is achieved, many bitcoin holders that set that amount as selling price will sell their Bitcoin and that events will definitely trigger a dump and correction.  I just hope that when that thing happen, it won't dump hard making Bitcoin price to fall below $9,500.  After the dump correction will occur.

If so, then people shouldn't directly see it as something negative. In most cases people lose faith in the market if it dips like 10-15% in a very short time, and that while this market has gone up like 300-400% already.

I am perfectly fine with the market consolidating properly before heading up further. If that means we'll have to wait a month or two before breaking through the $10,000 mark, then so be it.

People should use that as an opportunity to buy more coins at the same levels before we go up again. It's beyond insane if we look at how much growth we have gone through already, which is quite unlike Bitcoin.

The strategy is correct but in order to use it you need to be able to do it. If it was easy everyone would be millionaires. To someone could earn I need someone to have lost the same number of coins. Perhaps you were in another statistics. I'm sorry. To merchandise need very long time to train on a demo account. But even this does not guarantee that you will be lucky.

I think the dump will come before BTC hit the 10'000US Dollar. I say it will go down to 6000 and after that it will rise to 10k. And after that it will stay very safe at 10'000U$!

People are saying bitcoin will cost 10k$ before the New Year and it is like a month stayed. But I really not sure about the correction, no doubt that the fall will follow, but when and how deep - for now I can't say. I would love to come true your "sell high and buy low", but I have saved so few for now that I doubt this strategy will bring me some good profit But this is usual traders model of behaviour on the market, which I definitely will try to manage even if the profit isn't going to be high 

$10,000 will become the new floor and BTC will no longer be measured in BTC but in "bitcents" or whatever other notation that would be easier to understand when pricing things, since most things don't cost $10,000, and as BTC grows to $100,000 then to $1,000,000 the 0's will keep getting increasingly annoying to deal with with the BTC stardard notation.

Once it breaks $10k, it will continue growing faster, I don't see a dip if $10k is trespassed, maybe a dip if it fails to cross the barrier to try again later, worst case scenario it will fail a couple of times and delay it for a month or so.

I do assume that this thing would possibly happen on where if bitcoins price did hit up 10k there would be profit taking since this would really be the sweet spot to do such thing and im sure there are lots of investors keeping an eye on that price point. If this is the case then price corrections do might happen and basing with my technical analysis the last strong support do placed on 6.5k price range. Its possible to comeback on those ranges but well this is just pure speculative assumptions.

The problem only how long do you want to hold your bitcoin for profit ?
IMO most people are afraid to purhcase bitcoin because the value still volatile but for me as bitcoin holder, investing on bitcoin far more profitable compare with gold ,etc

BTC can go easy to 15 K and back to 7K

Its normal  - Its crypto

five figures might be the beginning of the final euphoria phase rather than the end. it is indeed a huge psychological barrier but the countless people on here who've been holding out for it will suddenly realise they're greedier than they thought and not sell. and why would you? that would mean the party is truly gonna start. that's only a 165 billion ish market cap. big, but really not that significant globally.

10.000 usd is this biggest resistance level for this year.
For sure its not going to be easy to achieve this level and we will see a big correction.
But we need to focus on tether crisis before targeting higher levels.

Usually if a resistance is hit the price actually goes parabolic even after that resistance has been hit and stays right up there for a while. So the chances of bitcoin just stopping @ 10k and a massive dump happens is probably very low. People are already talking about $20k per bitcoin, even $50k. I personally think that we'll see profit takers, yes, but not on a major scale especially after price hits $10k.

If there is a dump though, be sure to load up on cheap coins as always.

Correction at $10000 is unlikely. What is more likely is that we'll see price potentially go to $11000 and even $11500 quite easily after the $10000 barrier is hit and broken. This is what we've seen when major barriers have been broken.

Right now we're seeing an accumulation stage at $7-8k, ready for the next pump.

Really doubt that we're going to see any sort of major dumps or profit taking until at least $11000 or more.

Well, i would expect some profit takers at the $9k level. There will definitely be a portion of people that are invested in bitcoin that think bitcoin can never hit 5 figures(which i am not a part of), and they will taking their profits before the $10k level gets breached.

But that should really just be a short term dump. My personal prediction on bitcoin this year is going to be at least 5 figures. After the initial dump from $9k to perhaps $8k, we'll see the price getting pumped to 10k or more.

There could be another correction waiting there, but it shouldn't go below $10k.

The last big correction was Jamie Dimon from JP Morgan calling btc a fraud.  Now, surprise, surprise - JP Morgan is going to offer the btc futures from CME.  Sounds like wall street scumbags jawboning the price down so they can load up in preparation for backing futures positions.


The future looks bright, folks.  As far as 10k goes...  The CME futures contract is 5 btc IIRC, so 10k is a nice round number giving a $50k contract.  But its a bit low compared to other currency futures (~$100k), so if CME had expected $10k to be the ceiling, the contract would have written for 10 btc.  Makes me think that wall street sees ~$20k as the target.

Now the downside.  The btc market is skittish, and wall street wont mind throwing a few million bucks at shorting a shitload of paper futures contracts to force a plunge.  Then buy back at a depressed price, profit.

I want to urge you speculators not to lever up too heavily - the next few months will be rocky, but the upside will be massive in a few years.  Our saving grace will be the circuit breaker on the futures price.  If they plunge it, they will expect the open market to continue down after CME suspends trading.  But if we BUY THE DIP we will execute a short squeeze and enjoy the profit when the wall street scumbags have to cover their shorts at a higher price.

Good Luck!

Main Points:
1) Wall street is about to enter BTC in a BIG way
2) Expect some heavy manipulation to the downside.  Its temporary.
3) The CME contract is sized for $20k/btc to make it par to other fx contracts
4) Don't buy at heavy leverage now, you may suffer margin calls during plunges
5) BTFD

i think there will be a profit taking at $10,000 but there always correction price after the high price is reach and i think you know that there is no one will know how much the market will fall. you can say the number but its only prediction. if i see the price is down, i will get ready to buy bitcoin again and i will sell at high price like other people. but i won't sell bitcoin that i still hodl because i can not make any profit if i am selling at down price.

Yes, it will attract more people and logically the price will increase even more.
But since i know about altcoins , i really really hope there will be a big correction.
Because for now, the price of bitcoin is far over the altcoins, altcoins cant follow it.
But we know that it almost impossible for bitcoin to have a big correction down to 4k-5k$.
Maybe 7k is already become the bottom now.

If that were the case, then it would be very favorable for us and the whole cryptoworld community. I'd like it very much for the price not to fall that low once it hits $10,000 although I would expect there to be a price correction anyway since it's a big milestone for the bitcoin price. Also, many would want to sell and get some profit at that price.

Surely once the price hits that amount, bitcoin will be all over the media and it will gain even more popularity. Just now even with the current price, bitcoin has been gaining more popularity through social media. A lot are amazed by how high the price and how fast it continues to increase so hitting $10,000 would bring much more interest to the public.

Correction is happening after a quick increase on the price of bitcoin. We had seen it many times and it won't stop but the good thing when corrections are happening the return of it to bitcoin is different. Instead of being pulled down to the pit of crashing the price is increasing because of many traders that are waiting for the dip are buying and putting massive orders for it.