Dump/Correction @ 10k - page 4. | Bitcointalksearch.org

AVAMONEY

full member

Activity: 406

Merit: 100

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

The price is very difficult to predictable, even if there will be a correction fall to 9k, 8k, some people believes that was good time to buy more bitcoins.
We have seen many people selling their bitcoins when price was fall, it is panic situation only or they like to make instant profit by sell it before price falls and buy at the cheapest price, but always bitcoins will recovery to the previous price.

pooya87

legendary

Activity: 3472

Merit: 10611

what is it exactly you want to know? we don't have a crystal ball to see into the future and tell you what will happen by then! there are a lot of different scenarios can happen. price may break $10K and continue going up just as fast and break $12K and then correct back to $11K. or it can be another one of those jump ropes when price goes above $10K and comes below and back up again and again.

worse case scenario with bitcoin drops are usually 30% drop. for example when the panic dump of SegWit2x-BCH pump began the price dropped about 28%. so in case something unexpected happens around $10K, the 30% drop is reaching $7000.
although you should remember than as we go forward and market expands these drops become smaller as the resistance grows so next year the worse case scenario drops may shrink to 20% and less.

and that is worse case scenario not a correction. corrections are going to be less than 10% usually.

Baofeng

legendary

Activity: 2576

Merit: 1655

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 speculate that around $8200-$8500 will be the profit taking for most traders around. $8000 has been breached but a just a little dip still. I though that $8000 is the mental barrier but it looks like it isn't because the price is still dancing around $7900-$8000. Correction will happen as above mentioned price but it will just dip a little, maybe $7500 tops is the floor price that we can get.

Its still gonna be too steep for us casual but boy those big investors will really be suckered to bought at this 'discounted' price. And then after the correction we may see it marches toward $10000 at the end of the year of maybe early 2018. That would be great if finally we are going to touch a 5 digit for bitcoin in 2018. Another milestone and one for the books.

sicparvismagna

member

Activity: 98

Merit: 10

Well if that happens then we'll just have to sell when we need or want to the investment we make will always vary upon every decision we made. If the price fall then it would be a good time to sell bitcoin. We cannot control the flow of the price of bitcoin it will always change which is inevitable and something we cannot do about. Focus what is important today before you worry about the future.

chaser15

legendary

Activity: 2688

Merit: 1065

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

Like the title says what do you guy 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

As if a person here knows what will happened.

Instead of thinking that, plan things on what will you do if ever there will be a correction price after reaching $10,000. The market is unpredictable so don't stress yourself on the upcoming scenarios but instead, go with the flow. What flow is that? You are the one who will decide.

Blue9999

newbie

Activity: 107

Merit: 0

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

Topic: Dump/Correction @ 10k - page 4. (Read 1743 times)