The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.
I agree. The market looks like it may be getting overheated in the short term. We need a correction or some good consolidation in order to continue upward. If we don't get that soon--if we blow through $7500 and then $8k in the next day or two, we will be risking a much greater correction. 
Topic: Peak and correction coming - page 4. (Read 3140 times)
It can't endlessly go up without another correction, that I believe too, but what's important to realize, is the potential effect of the hard fork that makes people buy more Bitcoin. S2X futures hit 0.16BTC, which I believe is still somewhat low compared to its price at the time the initial dumping stage is over. In that regard, as long as we have this hard fork ahead of us, there is a good chance that the market will keep going up before a correction kicks in. I have taken some profits just above the $6900 level, just in case. I rather not be surprised.
As we see right now every hard fork tends us to reach a all time high and then another we coin will be created in the Blockchain by that fork then a correction will occur, and by that time we an see that the price will still rise because the people that holds their bitcoin now sell that new coins that they get into bitcoin I think that is not a surprise for some to really do, even if the correction kicks in we can definitely see bitcoin in a higher place.
Whenever the bitcoin price reached the highest point there most be a market correction which normally drop the bitcoin price down to the certain level. But even if there is a bitcoin market correction coming in the future I don't think that is going to hurt the bitcoin price that much. Market correction usually drop the price of bitcoin anywhere between 10%-25% which normally recovers within 2-3 weeks respectively.
We are expecting a correction since $5500 and now bitcoin is at $6900. Many did expect a drop after 25th October. But opposite to that bitcoin went more stronger. I believe global trust is building up for bitcoin as a currency and investment. This price rally isn't form within the community or a work of whale. But is actual demand increasing because of more attention of finance and banking firms. I believe this rally will continue irrespective of any fork this time.
The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.
Bitcoin is going mainstream, suddenly people who are computer retards and have zero knowledge about Crypto are asking my opinion about Bitcoin, how to buy them, use them etc.
Yes, there will be corrections, but prepare for more rapid growth.
Yes, there will be corrections, but prepare for more rapid growth.
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
No, $6950 is not the peak as price broken through $7000 and $7254 was reach and we expect this momentum to continue until we hit $7500. Correction is actually underway and that may happen from $7500. Bitcoin has returned thousand of dollars this year alone and those that have benefited from this progress are telling others, who after hearing they testimonies, will invest into bitcoin and this creates this bullish market, we are experiencing today. In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
yes, take profit when bubble is still heading up.In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
in my opinion the price can still touch $ 7300, before the correction happen.
In my even humbler opinion current situation closely resembles Sept 1st / 2nd.
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
Can you confirm that you sold all your BTC?
No i didn't at all.
Moreover i can't really see how this relates with my prediction of an incoming correction.
Since you ask, i've never sold more than 50% of my BTC stash and made good profit since 2013.
Apart from that, i think 99.99% of the buyers in the last months are now in good profit.
So i suggest them to lock that profit and wait.
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
Can you confirm that you sold all your BTC?
Where is the floor actually?
I think it might be around $5800-$6200, what do you think?
I think it might be around $5800-$6200, what do you think?
It’s way lower than that. I’m prepared for it to retest 2013 peak of $1240. Blood. in. the. streets.
That will only happen if there is a flippening, and either ETH or BCH take the top spot.
Still anything is possible in crypto!
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
There were a lot of talks that we are in bubble now, and I agree with that. There are too much buying and more than little selling or spending. It is possible that for now price hitted top, but I think that after SegWit2x and hard fork price will rise even more. But in the same time correction might happen, because of that I am not sure what to do. I'll have to decide fast. In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
there will be always a price correction since the right price this december was meant to be $7000 and I was shocked when the price right now is over $7000 so im expecting there will be a price dump anytime many people would sell their coins since the price right now is really floating .
There will be a correction.That's true but we will not see below 6K$.A correction is coming may be to 6.3K to 6.4K.A correction sooner then later is healthy and i want it to happen soon otherwise noobs are are buying at this high price will be disappointed when crash happens 
That's just a dip. A correction will see us below 6k easily. 7k to 6,300 is just a minor dip, we saw that today in the space of an hour. Things will get bearish and suggest a correction when we go below 6k and maybe even below 5k.
Remember a couple of months back, we went from something like 4.5k to 2k...a correction will knock off potentially thousands, not hundreds.
This is not yet the peak for me I guess the price correction will go a long way. The value of bitcoin today just a way of coping up with the increasing demand and surely in the coming years more value increase will took place to bitcoin. I just want to enjoy this season and make some good harvest. We're not in bubble this is the way of bitcoin unpredictable and surprising!
Get used to more flash crashes the next few days.
Be vigilant, keep liquid.
Almost $7400, Just my guess the peak will be around $7800 but who know. It's a hell of price pump that I'm myself not impressed but rather scared to the massive price correction.
The price pump just too fast, and if it's still keep continuing, maybe $10,000 within 3 days can be reached, that's really crazy.
The price pump just too fast, and if it's still keep continuing, maybe $10,000 within 3 days can be reached, that's really crazy.
This is more than crazy but insanely out of control.. I don’t know what to think about it either as I’m confused of this supposed increases but not in this drastic phase.. It’s more than fast it is a flash from 4000$ to 5000$ then 6000$ and this 7000$ within days not weeks.. This is much alarming for some totally and others are worried of it might have negative effect and might have a big dip.. But still I’m positive that it won’t happen..
Yes its possible were in bubble its quite amazing seeing how the value of bitcoin hit this much and continuously increasing but the problem is that there is an upcoming hard fork which we never know the effect on bitcoin price after it. I am happy seeing how bitcoin appreciate today but I am quite afraid of tomorrow I just hope that November will not make bitcoin owners and investors cry
6950$.
In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
Im treating it also on bubble territory if we do try to check new ATH it is on $7300 price and it dip down again on 6800 and now it bounce back again on 7100 as of this writing which this is really a bumpy ride and would really be good for scalping or short tradings but somehow a risky thing to do and i do consider that was the new ATH or ceiling which we wont able to see higher price other than that range.Price corrections should really be expected because after fork it would eventually happen if those bitcoin users do already claim their free money. In my humble opinion we're really close to hit the top.
I don't think the bull run will last till fork date.
It's a matter of few days, best case.
We're in bubble territory, so take profit and be liquid.
Yeah it's gonna "pop" any day now. Granted I don't buy that it's as overvalued as some analysts suggest, like Mr. Greenspan for instance, but I do also think it will be more pronounced than most corrections too. I think a more realistic assessment of it's value puts it around the upper 5K's. And even then it would just recover from there anyhow. But some of these so called experts would have you believe it's full of as much hot air as a hot air balloon. Add to that it always happens when a new milestone is reached. A lot of people will be looking to cash in their chips, wait for it to drop then level out, before getting back in again. I hope as few people succumb to this as possible for the greater good, but being the selfish individual that I am, always looking to maximize profits, I'll be following suit personally and cashing out the majority of my holdings. I usually cash out roughly 70% and hold 30% firm in situations like these.
And I think more people are taking this approach these days than used to be the case. The newer investors that didn't get into the action until later in the game mostly... while the ones fortunate enough to get in during the infancy of BTC, before it's meteoric rise, have the benefit of being able to just sit back and absorb these retractions.
I wish I could say with a straight face that this rise will continue straight to/through the fork, but not only won't it that could actually be a terrible thing. That could truly create a gigantic bubble and subsequently a correction so steep and severe that it could cause a ton of panic selling on the back end of it as well, and fear that the entire thing could be collapsing. That's the last thing we want.
And I think more people are taking this approach these days than used to be the case. The newer investors that didn't get into the action until later in the game mostly... while the ones fortunate enough to get in during the infancy of BTC, before it's meteoric rise, have the benefit of being able to just sit back and absorb these retractions.
I wish I could say with a straight face that this rise will continue straight to/through the fork, but not only won't it that could actually be a terrible thing. That could truly create a gigantic bubble and subsequently a correction so steep and severe that it could cause a ton of panic selling on the back end of it as well, and fear that the entire thing could be collapsing. That's the last thing we want.
Jump to: