Peak and correction coming - page 2.

Rahar02

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Quote from: ft73 on November 10, 2017, 03:12:39 PM

So we've peaked and correction is showing up already.
As i wrote 9 days ago i was expecting more flash crashes and overall a 1000$ + correction at least.
Both happened already.

Currently price is about 6500$ on Bitstamp and some reaction should build from here to about 6350$.
You may choose to ride the upcoming rebound, but be extremely careful.

People aim to buy back in the dips, after reach the peak, bitcoin always get corrected, slowly or significantly within days/hours.
The time has come, bitcoin price falling down from $7888 to $6500, people have withdrawn their investment from bitcoin for now.

On the other hand, bcash price suddenly gain huge value again, over 50% increases today, maybe traders and investors have reallocated their funds into bcash.

ft73

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So we've peaked and correction is showing up already.
As i wrote 9 days ago i was expecting more flash crashes and overall a 1000$ + correction at least.
Both happened already.

Currently price is about 6500$ on Bitstamp and some reaction should build from here to about 6350$.
You may choose to ride the upcoming rebound, but be extremely careful.

CoinsCoinsEverywhere

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Quote from: ivrynx on November 09, 2017, 06:06:44 PM

This is just a normal thing on any investments, once it breaches a new record, it can be certain that a correction will happen next, since there will be a lot of people that will take profit from their investments

Yes, there is certainly an ebb and flow to the price action. The pop we had yesterday after the segwit2x cancelation was a little troubling in the short term as it certainly seemed like a blow-off. The ensuring mini-crash that followed backs that up. However, without the uncertainty of segwit2x, I think we may resume the uptrend in the near future. We might need to take off some of the froth that has accumulated over the past couple of weeks, but I'm pretty bullish right now.

ivrynx

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This is just a normal thing on any investments, once it breaches a new record, it can be certain that a correction will happen next, since there will be a lot of people that will take profit from their investments, which is normal, since the reason why we invest to to make our lives easier, and about the crash that I've read on the thread, if you check and compare Bitcoin to the stock market, wherein a lot of crashes happen, one thing that differentiates Bitcoin, is that Bitcoin is decentralized, that a lot of people can invest on and makes it hard to manipulate, wherein the stock market, if you are not an insider investor, you will feel the crash of your stock, but in reality, the insider shareholders can manipulate the price of your stock, that's why you can see a crash, but for Bitcoin, there are no insiders.

blockman

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Quote from: Hamphser on November 06, 2017, 02:50:48 PM

Quote from: blockman on November 06, 2017, 11:15:44 AM

Don't be even sorry and regretting on that thing. How about me? I did sold at different levels, $1000, $2000,$3000,$4000,$5000 so looking at the price now that's a big difference on the possible profit that I may get if I wasn't able to sold some of my stash. Phunixx is right, be glad that you sold at higher price and don't be like me though I have still some hope and bitcoin on hold let's be glad that the price keeps on moving and the correction happened a while ago.

Most of us do really make such things which we did able to sell off our stash not on the exact time but i would normally say that this is a usual thing because we are just humans we cant predict the future which would lead up on making decisions and later on we do regret why we do such thing and missing out on making some good money but as you said regretting should really be not on mind as long we do sell in profits then consider it as a good move and dont stress out yourself.We do know crpytocurrencies are volatile which price is really unpredictable.

We really can't predict what's possible to happen in the future and in times of satisfaction whatever the price of bitcoin by that time, we will sell. And the correction has come and everyone was quite disappointed and yet happy on this, as after the correction we know what's about to come. I do believe that we can now pass $8,000 and as Goldman Sach says it can go $7,900 and who's been waiting for McAfee's prediction to happen for the next 3 years?

richardsNY

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Quote from: Slark on November 06, 2017, 03:30:40 PM

So the next correction would not be mild - it would be a dramatic price crash.

It depends on your definition of dramatic. I personally don't expect the market to fall under the $5000 level any time soon, especially not with how bullish the entire market is. We shouldn't underestimate the willingness of people to keep holding their coins, even in situations where the market is getting dumped to the ground like there is no tomorrow. Sure, the market has gone up quite a bit already, which makes people automatically think that we're due for a correction, but the price has gone up regardless of all dump expectations. In normal circumstances that would be well justified, but we simply can't ignore the bullish sentiment that's stronger than ever.

batang_bitcoin

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Quote from: Slark on November 06, 2017, 03:30:40 PM

We need to realize that as the bitcoin price climbed from $4,400 to $7,598 in the past 30 days. It is massive gain and I am wondering if the decline just started.
Bitcoin gained more than a $3,100 within a one-month span. It is unheard precedence, people are worried that we entered a possible 'bubble area'.
So the next correction would not be mild - it would be a dramatic price crash.

Describe that dramatic price crash? I've seen the correction, I was hopeless when seeing it hit at $6,944 and now it's back at $7,110 so people are buying it and taking time to get more. An advantage is happening to those people who are waiting for the dip. But I know it's still quite early to celebrate or this is just an indication that we possibly see another ATH soon? Maybe after the fork?

Slark

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We need to realize that as the bitcoin price climbed from $4,400 to $7,598 in the past 30 days. It is massive gain and I am wondering if the decline just started.
Bitcoin gained more than a $3,100 within a one-month span. It is unheard precedence, people are worried that we entered a possible 'bubble area'.
So the next correction would not be mild - it would be a dramatic price crash.

jossiel

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Quote from: ft73 on November 06, 2017, 02:31:00 PM

I think we have peaked and correction is now starting to unfold.

Oh nose! It's getting lower we will be see $6,900 again any moment now. The correction is happening so for those people that wants to buy some more, go on buy bitcoin now.

And it will be starting to bull again after this correction so while it is quite early for everyone go on now, buy some at your own risk.

I don't know on how long this correction will takes place.

Hamphser

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Quote from: blockman on November 06, 2017, 11:15:44 AM

Quote from: phunixx on November 02, 2017, 07:17:58 AM

Quote from: Higher Altitude on November 02, 2017, 07:15:09 AM

Quote from: blockman on November 02, 2017, 06:53:39 AM

Quote from: Higher Altitude on November 02, 2017, 06:44:49 AM

This train shows no sign of slowing down. Already above $7100. HODL.

No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

It's going parabolic as I type. This could mean it will start slowing down and going into plateau phase. Either way if you sold at $6950 you missed out on a $300 rise. I'd have regretted selling at that point because I'd have to buy back in at a higher price. Nothing wrong with taking profits along the rise but don't think just because it went high it can't go higher. Lesson learned in Bitcoin.

Be glad you sold and took profit so you can buy back in the coming dip

Don't be even sorry and regretting on that thing. How about me? I did sold at different levels, $1000, $2000,$3000,$4000,$5000 so looking at the price now that's a big difference on the possible profit that I may get if I wasn't able to sold some of my stash. Phunixx is right, be glad that you sold at higher price and don't be like me though I have still some hope and bitcoin on hold let's be glad that the price keeps on moving and the correction happened a while ago.

Most of us do really make such things which we did able to sell off our stash not on the exact time but i would normally say that this is a usual thing because we are just humans we cant predict the future which would lead up on making decisions and later on we do regret why we do such thing and missing out on making some good money but as you said regretting should really be not on mind as long we do sell in profits then consider it as a good move and dont stress out yourself.We do know crpytocurrencies are volatile which price is really unpredictable.

ft73

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Quote from: bambazamba on November 06, 2017, 02:39:17 PM

Quote from: ft73 on November 06, 2017, 02:31:00 PM

I think we have peaked and correction is now starting to unfold.

You cannot underestimate the value of Bitcoin. Few days back also it was thought that correction is coming in Bitcoin but then again it jumped to $7,000+. So what can you say now it is possible that Bitcoin correction may happen and price fall back to $6,000 or it can also happen that Bitcoin sets new height touching $8,000. So, peak and correction are just estimations nothing else.

I don't underestimate it, but any market is cyclic.

I think that price action over the last 48h tends to confirm we have already peaked ( breaking down under 7000$ will definetely confirm imho ).
We're about 2 days later than i expected, but my opinion does not change.

bambazamba

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Quote from: ft73 on November 06, 2017, 02:31:00 PM

I think we have peaked and correction is now starting to unfold.

You cannot underestimate the value of Bitcoin. Few days back also it was thought that correction is coming in Bitcoin but then again it jumped to $7,000+. So what can you say now it is possible that Bitcoin correction may happen and price fall back to $6,000 or it can also happen that Bitcoin sets new height touching $8,000. So, peak and correction are just estimations nothing else.

ft73

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I think we have peaked and correction is now starting to unfold.

pearlmen

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Quote from: reflector on November 06, 2017, 01:29:14 PM

Quote from: okala on November 06, 2017, 12:29:29 PM

As at today bitcoin is still pumping up and we have to now see $8,000 as a peaks. I don't think we would have a significant corrections until $8,000 resistance levels is broken. The price is still in the uptrend momentum and I have not seen a break below $7000 yet. Hope, we are buying as were we are now is still not a bubble and bitcoin may break $10,000 before end of this year.

Did you see he value. As of now bitcoin value is ticking a 7150 USD only not a 8k USD dude. Whenever give the information about the day prediction means you have to check the value in preev or CoinDesk.
About value speculation, I think bitcoin will hit the 8.5k US dollars end of this year.
However, we cannot say anything sure in bitcoin since the bitcoin value so volatile in the price graph.

I checked the price now and it has even gone down beyond the $7150 mark and it seems its going down but I still expect the rise to happen in couple of days when the fork is really pronounced and at that time, the increment will likely be massive if the BTG which is yet to live to the way we expected could pull such amount of momentum, I expect SegWit should do better considering the amount of support its being able to gather till date.

reflector

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Quote from: okala on November 06, 2017, 12:29:29 PM

As at today bitcoin is still pumping up and we have to now see $8,000 as a peaks. I don't think we would have a significant corrections until $8,000 resistance levels is broken. The price is still in the uptrend momentum and I have not seen a break below $7000 yet. Hope, we are buying as were we are now is still not a bubble and bitcoin may break $10,000 before end of this year.

Did you see he value. As of now bitcoin value is ticking a 7150 USD only not a 8k USD dude. Whenever give the information about the day prediction means you have to check the value in preev or CoinDesk.
About value speculation, I think bitcoin will hit the 8.5k US dollars end of this year.
However, we cannot say anything sure in bitcoin since the bitcoin value so volatile in the price graph.

breeze170

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I think bitcoin is going to have big correction but I expect that we will see $10000 early 2018.

okala

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As at today bitcoin is still pumping up and we have to now see $8,000 as a peaks. I don't think we would have a significant corrections until $8,000 resistance levels is broken. The price is still in the uptrend momentum and I have not seen a break below $7000 yet. Hope, we are buying as were we are now is still not a bubble and bitcoin may break $10,000 before end of this year.

blockman

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Quote from: phunixx on November 02, 2017, 07:17:58 AM

Quote from: Higher Altitude on November 02, 2017, 07:15:09 AM

Quote from: blockman on November 02, 2017, 06:53:39 AM

Quote from: Higher Altitude on November 02, 2017, 06:44:49 AM

This train shows no sign of slowing down. Already above $7100. HODL.

No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

It's going parabolic as I type. This could mean it will start slowing down and going into plateau phase. Either way if you sold at $6950 you missed out on a $300 rise. I'd have regretted selling at that point because I'd have to buy back in at a higher price. Nothing wrong with taking profits along the rise but don't think just because it went high it can't go higher. Lesson learned in Bitcoin.

Be glad you sold and took profit so you can buy back in the coming dip

Don't be even sorry and regretting on that thing. How about me? I did sold at different levels, $1000, $2000,$3000,$4000,$5000 so looking at the price now that's a big difference on the possible profit that I may get if I wasn't able to sold some of my stash. Phunixx is right, be glad that you sold at higher price and don't be like me though I have still some hope and bitcoin on hold let's be glad that the price keeps on moving and the correction happened a while ago.

Lampaster

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Quote from: EdenHazard on November 04, 2017, 10:07:08 AM

Quote from: orions.belt19 on November 02, 2017, 06:49:22 AM

Quote from: BingoDog on November 02, 2017, 05:15:26 AM

The price could cross the 7000$ before the next fork. It's not that far but in the meanwhile probably the price will fluctuate, a bit up and down all the time but maybe we could reach even 7500$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.

It is quite possible for the price to get to $7000 by the next fork because it's so close to reaching it. A price correction is but expected to happen especially with the continuous increase of the price. But even with the correction, I don't think that the price will go down that much. Bitcoin would still remain at $6000 level perhaps then continue to increase after the correction is made. This would be a great time for others to buy and make some profits.

i just believe the next correction will only cost a little drop like 10% or maybe below 20% so i can say safely that it won't crossed below $5,000 or so , that is my prediction , especially when the segwit2x not fail later in the next few weeks.

the price maybe will keep growing and the correction delayed until next year.

I doubt that a fix will be delayed. And it is not important. The main thing that these corrections have benefited. Bitcoin really requires modernization. However, this should not be a method forks. I support the idea that the miners have always found a consensus with the developers. I'm sure no one wants to hurt bitcoin. Just need to learn to negotiate.

EdenHazard

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Quote from: orions.belt19 on November 02, 2017, 06:49:22 AM

Quote from: BingoDog on November 02, 2017, 05:15:26 AM

The price could cross the 7000$ before the next fork. It's not that far but in the meanwhile probably the price will fluctuate, a bit up and down all the time but maybe we could reach even 7500$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.

It is quite possible for the price to get to $7000 by the next fork because it's so close to reaching it. A price correction is but expected to happen especially with the continuous increase of the price. But even with the correction, I don't think that the price will go down that much. Bitcoin would still remain at $6000 level perhaps then continue to increase after the correction is made. This would be a great time for others to buy and make some profits.

i just believe the next correction will only cost a little drop like 10% or maybe below 20% so i can say safely that it won't crossed below $5,000 or so , that is my prediction , especially when the segwit2x not fail later in the next few weeks.

the price maybe will keep growing and the correction delayed until next year.

Topic: Peak and correction coming - page 2. (Read 3140 times)