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.

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.

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.

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.

this is a very difficult question to answer


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


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

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.

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.

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

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

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.

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.

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..

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.

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.

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$ .

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.

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.

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.

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.

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.

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.

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.

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

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.

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

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.


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.....

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.

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.

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)

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.

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.

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.

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.

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.

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).

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.

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.

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.

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

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

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.

$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).

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.

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.

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.

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.

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.

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.

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