Its hard to say if bitcoin is currently overvalued or undervalued.
The value of bitcoin is going to be proportionate to the amount of the global financial market share it has captured. it can be undervalued depending on the nature of barriers to adoption inhibit those who wish to enter. overvalued if we are overestimating how many people want to get bitcoins.
the potential for bitcoin in the long run is astronomically high compared to its current value tho.
Topic: Is it possible to have a price correction in cryptocurrency... (Read 319 times)
October 23, 2017, 11:25:23 AM
Of course it is possible, cryptocurrencies are highly volatile in price and unpredictable. The level of risk in digital currencies are high, but we have seen a remarkable difference between bitcoin and all other coins from the start and now bitcoin has proved itself as a reliable investment so it is not expected that bitcoin will ever face this type of downfall.
Yes that is very much possible. just like bitcoin altcoin price when gain value, we can expect that even there the correction can take place, people will certainly like make their position more clear. But after that it is much more expected that the price of bitcoin will again get the accelerator and for this time it is expected that the price of bitcoin will easily reach to 8000$ before starting the new year 2018. There we need to be ready to invest money in bitcoin when the new rally become ready to start. 
October 23, 2017, 11:19:43 AM
don't confuse other coins with bitcoin. they are very different. and not even as big!
the size of bitcoin market is HUGE compared to other altcoins. the numbers they report can sometimes be deceiving like the market capitalization but in reality it will come down to how spread the market is around the world and among different exchanges and how much volume comes from each and in total.
with that said, bitcoin always has corrections. it is a natural movement to have a correction. it also has dumps which are bigger and it even has crashes. we had one big one last month when price dropped back to $3000.
After dropping below $3,000 where a lot of limit buy positions were opened it started to skyrocket again to all time highs. That was the time when that banker guy at JP Morgan told a lot of FUD about bitcoin, just to create a good price for their investments... This is easy for them to buy low and sell high if they can move the price like this... Correction is always possible, but as long as the demand is growing, the price will be in an uptrend, but no guarantee that the uptrend will continue tomorrow/next week/next year/etc ... the size of bitcoin market is HUGE compared to other altcoins. the numbers they report can sometimes be deceiving like the market capitalization but in reality it will come down to how spread the market is around the world and among different exchanges and how much volume comes from each and in total.
with that said, bitcoin always has corrections. it is a natural movement to have a correction. it also has dumps which are bigger and it even has crashes. we had one big one last month when price dropped back to $3000.
October 23, 2017, 04:11:13 AM
don't confuse other coins with bitcoin. they are very different. and not even as big!
the size of bitcoin market is HUGE compared to other altcoins. the numbers they report can sometimes be deceiving like the market capitalization but in reality it will come down to how spread the market is around the world and among different exchanges and how much volume comes from each and in total.
with that said, bitcoin always has corrections. it is a natural movement to have a correction. it also has dumps which are bigger and it even has crashes. we had one big one last month when price dropped back to $3000.
the size of bitcoin market is HUGE compared to other altcoins. the numbers they report can sometimes be deceiving like the market capitalization but in reality it will come down to how spread the market is around the world and among different exchanges and how much volume comes from each and in total.
with that said, bitcoin always has corrections. it is a natural movement to have a correction. it also has dumps which are bigger and it even has crashes. we had one big one last month when price dropped back to $3000.
October 23, 2017, 03:49:07 AM
We all know that since bitcoin started it's always increasing even there are some bumps it always bounce back, but is it possible that cryptocurrency and so is btc crashed? Just like in stock market back in 2008 it really affects stockmarket all of them went down. Is it possible to happen in bitcoin and other coins?
It's always a probability. It's highly unlikely though. If China banning exchanges didn't cause a large enough crash, then nothing will. It corrected pretty quickly then too.
October 23, 2017, 03:48:49 AM
Corrections are common in any market.Whether it is a share market, Penny mrket or crypto.But cryptocurrency is in its early stage.We cannot expect a big correction now itself.We may expect a big correction when bitcoin reaches over 100000$ .Then also after correction it moves again to the uptrend.
October 23, 2017, 03:34:48 AM
Yep, it is possible. But I'll ask you this. Do you panic when the price dips? would you sell your bitcoin lower than what it is priced at the moment? why? In my opinion, when the price is going down it gets more attractive hence more buying pressure thus price recovery and discovery. The way I see it, the only reason people will sell is because simultaneous global panic, shorters do not count (part of market cycle).
October 23, 2017, 03:30:04 AM
Yes. Now bitcoin has a lot of bubbles in it. We still have to remember a few years ago, in almost a short period of time, bitcoin from 8000 dollars to 1000 dollars. The loss of other coins is even scarier. Let's be more rational to invest in bitcoin!
I do not know where you found that information,but BTC has never reached the price of 8000$ and then drop to 1000$.The highest price was achieved a few days when BTC crossed mark of 6000$.
Price correction is something quite normal in the world of cryptocurrency and happens constantly,in that way the market works.Is it possible that some big crash happens in future?It should always be taken into consideration that invest in BTC is very risky,but it can also be very profitable.If you have some money on the side and you can afford a long-term investment BTC is definitely worth the invest.
Bitcoin is in bull trend until it isn't. Nobody could forecast when the trend will turn around. It could be next year or in 10 years. Corrections are something normal and after a downturn always comes an uptrend.
it's very likely to happen, and I think for altcoin is happening now. a lot of altcoin falls and makes the market as flooded by this decline. and I think this is the impact of a very significant increase of bitcoin. for bitcoin, I think there will be a decline also after hardfork later, and I think this is a normal and sure correction will happen.
Of course it is possible, cryptocurrencies are highly volatile in price and unpredictable. The level of risk in digital currencies are high, but we have seen a remarkable difference between bitcoin and all other coins from the start and now bitcoin has proved itself as a reliable investment so it is not expected that bitcoin will ever face this type of downfall.
We all know that since bitcoin started it's always increasing even there are some bumps it always bounce back, but is it possible that cryptocurrency and so is btc crashed? Just like in stock market back in 2008 it really affects stockmarket all of them went down. Is it possible to happen in bitcoin and other coins?
it can all happen if no more people use bitcoin.
but I do not think that will happen because more and more people are using bitcoin nowadays.
Of course it is possible. There will be an outflow of investments and there will be a long correction. Bitcoin demonstrated to the world the demand for blockchain technology. Even after a long correction, bitcoin will grow up again.
Yup! any Cryptocurrency has a correction to it's price and and not only bitcoin, and sometimes the price of every Cryptos had an effect to certain movement of bitcoin price, we can see if a demand of certain Altcoins would increase then it's price would increase independently, but if traders would exchange their bitcoin to certain Altcoin that they think will make a hype certainly the probability that the price of that Crypto will increase.
We all know that since bitcoin started it's always increasing even there are some bumps it always bounce back, but is it possible that cryptocurrency and so is btc crashed? Just like in stock market back in 2008 it really affects stockmarket all of them went down. Is it possible to happen in bitcoin and other coins?
all things are sure to happen as well as the fall in bitcoin and cryptocurrency prices.but seeing the ever-good development of bitcoin proves that the percentage of bitcoin to fall is very small.
especially at this time many people who are interested to invest bitcoin. it will make the bitcoin price higher because more people who invest will result in more support for bitcoin.
Of course it is possible. There will be an outflow of investments and there will be a long correction. Bitcoin demonstrated to the world the demand for blockchain technology. Even after a long correction, bitcoin will grow up again.
Yes. Now bitcoin has a lot of bubbles in it. We still have to remember a few years ago, in almost a short period of time, bitcoin from 8000 dollars to 1000 dollars. The loss of other coins is even scarier. Let's be more rational to invest in bitcoin!
We all know that since bitcoin started it's always increasing even there are some bumps it always bounce back, but is it possible that cryptocurrency and so is btc crashed? Just like in stock market back in 2008 it really affects stockmarket all of them went down. Is it possible to happen in bitcoin and other coins?
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