Dump/Correction @ 10k - page 3. | Bitcointalksearch.org

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Quote from: xuan87 on November 20, 2017, 08:36:25 AM

If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

It makes sense for the market to correct when reaching a whole new ground level (i.e higher figure level), but there is no such a thing as definitely in a market like we have seen this year. It breaks through every level we thought was impossible to reach this year, so we're nothing more than bystanders here. I will cash out a reasonable chunk of my profits as soon as we go over the $9500 level (I will not wait for the market to touch $10,000), and then wait for a correction that does actually make sense, but might not come.

ha_ham_bk

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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

I think keep bitcoin, after the split, the bitcoin price will increase very high, believe it

Ayiranorea

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Quote from: xuan87 on November 20, 2017, 08:36:25 AM

If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

The price will surely reach $10000 or even higher than the quoted value before the year end. Everything is completely upon the market acceptance, price correction after each phase of growth is assured. Same will be taking place this time too. The growth happening will take the price stay above $10000 from the beginning of the year 2018.

xuan87

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If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

marky89

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Quote from: alyssa85 on November 20, 2017, 06:29:19 AM

I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

Didn't Bcash hard fork to make the difficulty retargets less volatile? I don't think it has those drastic drops anymore, which is supposed to prevent those periods of hyperinflation where miners are producing blocks every minute. So, that should mitigate things a bit.

Also, Bitmain (or whoever the spammer is) has been attacking the network with spam for days/weeks already. I guess it'll take priority fees from the current 150k satoshis per byte to.... 500k or 750k? It sucks, but I think people are starting to see through the manipulation by now. And Bitmain doesn't have the "rational miner" excuse regarding Bcash's EDA anymore.

Quote from: alyssa85 on November 20, 2017, 06:29:19 AM

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

There have always been other SHA-256 coins. If you look at Bcash's hash rate, the vast majority is Bitmain (the lone unknown miner and its proxy, VIAbtc). Bitmain is trying to manipulate people into believing that "miners" are moving to Bcash. But it's just Bitmain.....

fabiorem

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Quote from: alyssa85 on November 20, 2017, 06:29:19 AM

I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

But how much will it fall? I think the floor is already on 7000's.

If they keep doing those leaps from one coin to the other, we will have a lot of entry points, and opportunities to dump the remaining BCH.

warrior333

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Bitcoin will always increase in price until the core strategy of the users is to keep the coins. Periodically, the whales arrange the dumps in order to destabilize the situation in the market. They buy cheap coins those who do not believe in bitcoin until the end. If you buy a bitcoin when it is cheaper it can leave the whales without the coins, but bitcoin price is too high in order to resist the whales.

bucciarati

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going over 10.000 usd is a psycological step toward the next mileston of 100.000 usd

it will take a but but in my opinion less then what needed to pass the 10.000 mark (if we are going to pass it)

LFC_Bitcoin

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I won’t be taking any profits at 10k, my free BCH have given me money to spend & enjoy. My bitcoin’s are staying untouched in cold storage, maybe sell around 75% at 20k.

tomahawk9

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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

I think the 10k mark could be the point where Bitcoin might actually be taken more seriously by the govt and central banks. I wouldn't be surprised if we start reading news about regulations in some countries, more FUD from CEOs and bankers, along with mass media. I have the feeling that once we reach 10k it's not going as smooth as it is right now when we hit a new ATH.

But, let's not get ahead of ourselves, we still need to reach the 9k mark.

Theb

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Their will be if it failed to penetrate the 10,000$ price in one try, when you look at the Bitcoin Price Chart you will notice that when it penetrated the 7,000$ level it has stayed there for a couple of days before it got down as it has successfully penetrated the price point which in return has established a support in that level. Study support and resistance and you will know how far will the price correction go, also breaking into an all time high will give your trade more risk because there is no resistance whatsoever that is why you need to be cautious when Bitcoin is going to a new price level.

illinest

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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

I'm pretty sure there will be an attempt to dump there due to the assumption that it's a "psychological barrier." However, like $1000 during the 2013 rally, I think bulls will cut through $10,000 like warm butter.

What's a bitcoin rally without a blow off top? So I'm thinking we'll get one last epic bear trap off $10,000 and then a final short squeeze to $12,000-15,000. This is all uncharted territory, so all we can do is guess. But BTC tends to overshoot targets, not undershoot them. So I'm thinking at least $12k on this run.

lumeire

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Quote from: alyssa85 on November 20, 2017, 06:29:19 AM

I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

Well if the price keeps up and running along with the difficulty, profitability should stay the same.

Anyway, the price is too haywire at this point, it's probably a bubble running at it's peak, so expect quite a crash soon.

alyssa85

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I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

seasonw

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It seems like $10k is the next checkpoint for BTC since it already breaks $8000, but I think BTC will grow slowly without a solid news, listing at CME group is a good news to BTC, we will see if it will be listed next month.

Lucius

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Many people will sell at 10k$ and there will be correction of price-and how much will go down depends on the amount of dumped coins.I think there is two type of people,one have a goal to sell at a certain price,take profit and finish with BTC.The others will sell part of coins and hope for correction to buy back at a low price.

I personally choose not to sell,even trading can bring profit but it is also a risk.Just holding BTC in last 2-3 years was extremely profitable.

boyptc

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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 there will be even a correction when bitcoin hits $8,500 and like what's happening now bitcoin is hard hitting to be stable at $8,000. It did reached $8,000 but still it went back at $7,997. And besides $10k is still far from reality though I believe we'll be there.

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 ?

Getting there, probably it will be back at $7,000.

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 ?

Will buy some but mostly with these dips I'm not really active, I'm good by holding for long.

YuginKadoya

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Quote from: Factmine on November 20, 2017, 02:23:24 AM

I think this is a high possibility right now since bitcoin prices does not look like it will go down in the next few weeks. Probably if it suddenly goes up to $10,000 usd then likely we'll see another correction, however I don't think it will go down below $8,000 anymore and probably the lowest could reach $8,500. Well, lets do hope it does reach $10,000 in within this year.

I would think it can never be a $10,000 dollar we are way near that value but I think it is too early to go the 5 digit value If you ask me when we can get there I really think at the mid of December it can be possible, well let's see that is the time of the year when there are so many people that can get there bonuses and if they surely know about bitcoin many would invest in cryptocurrency.

AT101ET

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$10,000 will be the point at which BTC will be taken seriously by all those who doubted it. Over the last week or so I’ve met friends and family who have all told me that they’ve now bought into BTC. Once we pass the $10k mark I think those who were calling it a bubble will start buying in themselves. More people would want to get in on the bandwagon and the price will continue to rise (at a slower rate due to the number of people who’d sell part of their coins at that price point).

Factmine

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I think this is a high possibility right now since bitcoin prices does not look like it will go down in the next few weeks. Probably if it suddenly goes up to $10,000 usd then likely we'll see another correction, however I don't think it will go down below $8,000 anymore and probably the lowest could reach $8,500. Well, lets do hope it does reach $10,000 in within this year.

Topic: Dump/Correction @ 10k - page 3. (Read 1743 times)