how much more time for correction ? - page 2.

alyssa85

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Quote from: Nrcewker on February 02, 2018, 03:24:47 PM

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic Sad

Nobody knows - it's impossible to time these things.

If you are buying, it's best to dollar cost average. Instead of buying in one lump sum hoping to time the bottom, buy a little every week. Even if the price goes down from where it, you won't be locked into the current price, you'll be averaging your buys downwards.

ralle14

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Quote from: iwishicouldfly on February 02, 2018, 05:00:40 PM

Quote from: Shishir99 on February 02, 2018, 04:57:02 PM

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it? Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks. This could easily, easily go below 7k and if that level of support breaks who knows where we will stop.

Lowest bitcoin price I saw was $7,900 which was several hours ago but immediately recovered to $8,000+. You're right we could still see bitcoin continue to go down to the $7,000 mark we just don't know when and how long this correction would last.

Quote from: Nrcewker on February 02, 2018, 03:24:47 PM

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic Sad

I suggest you to wait a little longer before buying bitcoins because the downward trend of the price is not stopping. The current news about bitcoin is affecting the price and the people involved are from the government they're the ones you could say "correcting bitcoin".

hisuka

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Quote from: iwishicouldfly on February 02, 2018, 05:00:40 PM

Quote from: Shishir99 on February 02, 2018, 04:57:02 PM

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it? Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks. This could easily, easily go below 7k and if that level of support breaks who knows where we will stop.

Bitcoin has already been dropping so fast we couldnt say when it will stop for the big correction. Possible for now it will hit below 7k because of more fuds that happening. But, to answer their is no accurate answer for this when would be more time at this current rate. It is better to buy atleast any amount to invest we will not know the market volatility.

Coins_Hiro

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Quote from: Nrcewker on February 02, 2018, 03:24:47 PM

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic Sad

No one can predict the value of Bitcoin. Based on my Blockfolio app, it even went down to $7,900 yesterday and I didn't even noticed. There were speculations that it will go down to $6k but if I were to buy BTC, that best time would be now as you can't say that it will go down any minute and rise up without you knowing but atleast you've secured your position at $8k because for me below $10k is good enough to buy BTC.

I really find it funny sometimes that these value could go down in a blink of an eye and could rise up in a blink of an eye also and you'll be left behind if you didn't make time to make a move.

iwishicouldfly

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Quote from: Shishir99 on February 02, 2018, 04:57:02 PM

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it? Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks. This could easily, easily go below 7k and if that level of support breaks who knows where we will stop.

Shishir99

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I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Yo_Seats

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It isn't realistic to expect any asset to appreciate 600% ($6,000 to $35,000) in a couple of months. That's not investing, that's gambling. BTC might go down, might go up, it's a supply and demand question which is controlled by alternative investment choices. What seems like a better plan: T-Bills at 2.72% annual interest with zero capital risk, or BTC with no interest component, and massive swings in value? Remember, BTC was 1/4 it's current price just a few months ago. People who bought then are still +400%.

Visin

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Quote from: Rexler on February 02, 2018, 04:28:11 PM

Quote from: richminded on February 02, 2018, 04:09:28 PM

Quote from: Nrcewker on February 02, 2018, 03:52:08 PM

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

The way I'm seeing it, It'll dump even more. The Crypto market witnessed a really great uptrend with almost every cryptocurrency hitting a new all time high record. So we should see the downtrend staying a bit longer since It's just starting

It looks like it will dump more. That doesn't mean that Bitcoin is over or it will go to a dollar per coin. Just keep purchasing and wait for the price to get over $9,000 again.

Dissident991

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I think it is not typical correction, seems more like manipulation and targeted dump. Bitcoin and almost all altcoins dropped in price by more than 50% in just two weeks.

Rexler

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Quote from: richminded on February 02, 2018, 04:09:28 PM

Quote from: Nrcewker on February 02, 2018, 03:52:08 PM

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

The way I'm seeing it, It'll dump even more. The Crypto market witnessed a really great uptrend with almost every cryptocurrency hitting a new all time high record. So we should see the downtrend staying a bit longer since It's just starting

richminded

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Quote from: Nrcewker on February 02, 2018, 03:52:08 PM

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

avikz

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Quote from: Nrcewker on February 02, 2018, 03:24:47 PM

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic Sad

No one can tell you any definite reason when the price of bitcoin will recover because no one is sure why the price is going down. If we know the reason, we can do some definite calculation. But that's not the case here.

However, if you want to invest in bitcoin but not sure what would be the right time, I will suggest you to take the SIP route. It is a real world investment technique which average out the buying price of an asset and lowers the risk. Try buying a certain amount of bitcoin at a certain interval. For example, buy some bitcoins at 5th of every month at various price points. It will average out your buying price and you will have higher profitability when the market goes up.

This SIP method is practised in all stock markets around the world keep portfolio risk at lowest possible level.

Nrcewker

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what kind of this correction ? and who is doing that ?

dothebeats

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There are no definite time-frames for the crashes and surges in the bitcoin market. All that you can see posted in several trading sites/groups are mere guesses based on TA and historical price movements. As of now, the overall market sentiment is still pretty bearish, and I don't think it will be negated any time soon as there aren't any incentive for the price to push upwards. IMO, we haven't even bottomed out yet, and there is still a huge possibility for the price to tank even further before it finally settles and starts a push, hopefully within the next month.

Nrcewker

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Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic Sad

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