Dump/Correction @ 10k - page 2. | Bitcointalksearch.org

parobber

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Quote from: AngelSky on November 20, 2017, 02:03:58 PM

Quote from: suvo05 on November 20, 2017, 01:35:01 PM

Quote from: parobber on November 20, 2017, 11:50:40 AM

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Bumps and dump is normal in the price chart dude you can find the bitcoin price index fluctuated normally because that is how it is been made. we see the bitcoin price is noticed.
Dump is normally give the space for the investors to make the profit with the bitcoin like buying it more to get the decent profit when the bitcoin bumps more.

Yes for sure we may see the opposite and probably will see the opposite with new money flooding in but that always takes a little bit of time, firstly the news has to get out and then people have to take time to learn what bitcoin is and get round to investing. That's why I suspect there will be an initial drop once 10k is reached but shortly after we will quickly push up in to the 11s or 12s. These dumps are great times to profit but as I said, why wait for a dump at 10k when you can just buy now and sell at 10k and then buy back in the dump.

Idrisu

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There is going to be a correction any moments from now but is going to be a little one. I have see that bitcoin is going to go as high as $10,000 before end of this year and we may even go above that. I will buy at the next deep which may happen and hold until the price get to $10,000 or above.

fulmetal08larz

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Every bitcoin investors have different goals in taking profit, probably, most people will sell their positions at $10k and there would be correction/consolidation after, which is normal in this volatile market. No one could predict the support level upon reaching $10k but the cycle will always repeat itself. Personally, even if I buy bitcoin at $10k level, I won't be selling it if bitcoin's price crashes, instead, I will buy more at discounted price. Best thing to do is to stick on buy low sell high strategy, aim for long term and always hope for the best.

Slow death

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Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Will there be a correction or profit taking at 10000$ ?

this is a very difficult question to answer

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?

if anyone knew this answer, this person would be someone very successful in the world of trade

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

I would take advantage to sell high and buy some btc at low price

oegarod

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Price correction takes place after reaching a new milestone, such a correction happened recently with the price going low to $6000. In similar manner by the upcoming days when the price cross the barrier of $10000 an correction in the form of a dump.

Pleione527

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Bitcoin hits $8000 which I predict to happen only by next year, this is really a good thing and because of what happen many thinks that bitcoin can possibly hit $10000 soon but in my opinion this continuous increase in the price of bitcoin can signal that there might be a revenge coming in few weeks I'm afraid that we are receiving so much that a sudden fall back can happen. I don't want to be negative I am just open for the chances that the other thing around can happen in bitcoin price.

teilwalL05

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Quote from: Happichfun on November 21, 2017, 04:15:11 AM

will be Dump to 9,000$ and then small correction to 8,600$

Well it can be that way and not what OP had Speculated because I don't really think we are ready to go beyond the 5 digit price, a correction will sure occur, and even if we can tell how did bitcoin manage to go this far a drop is inevitable and may occur anytime soon

Happichfun

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will be Dump to 9,000$ and then small correction to 8,600$

iv4n

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Quote from: BitHodler on November 20, 2017, 05:41:53 PM

It doesn't matter anymore. Every dump is being followed up by an even higher high afterwards. It has happened several times already, and as long as the bullish sentiment remains strong, nothing will change.

Institutions are closer to entering this market than ever before, and with such a strong bullish aspect to hold on to, it will thrive this market to newer highs in the next year as well ~ another incentive boost for people to keep hodling.

I quite often have been tempted to secure profits this year, but haven't done so because I am a firm believer of Bitcoin's long term potential. Current price once again confirms that hodling pays off.

Who can't agree with you in this one? Just some blind people who don't see reality probably. Bitcoin is beating all odds and continues to grow, year ago that was slow and steady rise, now things are faster and price go up and down in higher range.
If institutions get into bitcoin then buying now and holding is the best possible strategy. Recent survey about when bitcoin holders plan to sell their coins shows that 5 digits price is something that many people waits and that is not impossible anymore. When ever bitcoin is going down is chance for buying more bitcoins little cheaper.

BitHodler

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It doesn't matter anymore. Every dump is being followed up by an even higher high afterwards. It has happened several times already, and as long as the bullish sentiment remains strong, nothing will change.

Institutions are closer to entering this market than ever before, and with such a strong bullish aspect to hold on to, it will thrive this market to newer highs in the next year as well ~ another incentive boost for people to keep hodling.

I quite often have been tempted to secure profits this year, but haven't done so because I am a firm believer of Bitcoin's long term potential. Current price once again confirms that hodling pays off.

Kingofbitcoin12345

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Endless possibilities are on the bitcoin holders,, we do have individual strategy to get away from lost and gain from it.. Sometimes we overlooked on prices much that we are distracted towards our fear on corrections and decreases.. It is meant to be because the price is not stable but keep a good hold on your bitcoin as it will be a rougher obstacle ahead as the war between the elites with the banks and cryptocurrency with masses is still and will continue..

ivrynx

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Even if the price went over 10000 USD, there will always be a correction in the market, we might see a little dip, but it is healthy since it is a volatile investment, it is just normal, since we cannot tell when will the price will be at 10000 USD, there might be a hype on that time or a nice bull run, and after that, once people see a high percentage of gain, people will always do profit taking. We should not be worry about a correction in the market, it will only give us time to plan further ahead.

richardsNY

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Quote from: aso118 on November 20, 2017, 02:05:56 PM

In 2013, people thought that there will be a massive correction at $1000, but the price actually went to $1300. I think once it crosses $10k, it might go a little bit higher before dropping down. When it does drop, I think it could go to $6k.

It did correct massively after the all time high back in 2013, where it kept falling till it reached the bottom well under the $200 level. Other than that, so far there hasn't been any USD exchange reach the $10,000 level. I think you're more referring to certain countries that are buying up Bitcoin in an attempt to hedge their insanely deflating currencies, where the market in Zimbabwe reached $13,000 due to the insane demand very recently. Other than that, any round price level could be a reason to initiate a correction, where the $10,000 level of course isn't an exception.

Eternu

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Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

From time to time there are always some correction of price, and I think that is necessary because price is rising so high. You think it will happen around 10,000$... well i guess that is possible yes. If it happens in that moment, I do not think it will go under 9000$. Correction of 1000$ is a lot, to some people it doesn't seam much, but it is. And as far as trading is concerned, I don't know what I'm going to do. Probably what you suggested, but we will see. Long time till 10000$ Cheesy

.

aso118

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Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

In 2013, people thought that there will be a massive correction at $1000, but the price actually went to $1300. I think once it crosses $10k, it might go a little bit higher before dropping down. When it does drop, I think it could go to $6k.

AngelSky

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Quote from: suvo05 on November 20, 2017, 01:35:01 PM

Quote from: parobber on November 20, 2017, 11:50:40 AM

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Bumps and dump is normal in the price chart dude you can find the bitcoin price index fluctuated normally because that is how it is been made. we see the bitcoin price is noticed.
Dump is normally give the space for the investors to make the profit with the bitcoin like buying it more to get the decent profit when the bitcoin bumps more.

BitMaxz

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Quote from: suvo05 on November 20, 2017, 01:35:01 PM

Quote from: parobber on November 20, 2017, 11:50:40 AM

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Not every couple of week bitcoin is volatile we really don't know when the price will increase and when the price of bitcoin could be drop..
But bitcoin price is in new level of price.. That i think if we compare the movement last year i think this time we will see big increase of bitcoin until december so .. I feel that the price can be increase nearly $10k i couldn't say that it can reach above $10k but it can be possible it will be still depends in the movement of the price..
So if the price was hit until $8500 above expect that the price can increase more than $9,000.

suvo05

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Quote from: parobber on November 20, 2017, 11:50:40 AM

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

parobber

member

Activity: 172

Merit: 11

Quote from: Blue9999 on November 19, 2017, 09:35:39 PM

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

ahmadakbari

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Activity: 602

Merit: 116

It depends on how the price reach 10000 dollar. If the price reach 1000 very quickly and by manipulations, yes there will be correction, but I don't think the price will drop to under current price.
But if the price reach 10000 dollar slowly like what we see now, I think the price rise will continue after that too.

Topic: Dump/Correction @ 10k - page 2. (Read 1743 times)