Price is increasing too fast, will there be a correction? - page 2.

1Referee

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Quote from: n0ne on August 12, 2017, 04:38:53 AM

I too believe that there won't be any price corrections that take place before it reaches $5000. Maybe this could take place crossing the particular value. The past price correction took place when the price was staggering around $2500 and fell down to $2000 within a very small time period.

At this point anything can literally happen. As long as we have the activation of Segwit ahead of us, the chance for a serious correction to kick in is on the lower side. After the activation, I can definitely see the market take a few steps back, and honestly, I think the market is in need of it if we happen to have touched the $5000 level by that time. Seriously, it would mean that in a matter of 9 months, the price has gone up with 400%!! It's unlikely to see the price go up further than that in the remaining months of this year, without a correction. If we however do end up going to see the market increase further, then we may be heading towards a forming bubble.

zarados

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Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

I guess, this august is the BITCOIN month, it will be keep rising. There are many prediction for this cryptos, but no one right actually, because the price is climb even higher than the prediction. But I can't say In november, If you see the graph, there's always be a correction. And I think the correction will be on november,

hangar18

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Quote from: n0ne on August 12, 2017, 04:38:53 AM

Quote from: xuan87 on August 12, 2017, 04:23:52 AM

Bitcoin moving so fast, I don't think there will be any corrections until it passed more than 4000$ and the correction seems like going to make Bitcoin fall down below 4000$ again, at first I thought Bitcoin will have correction when reach 3700$ but the value keep passing, but for sure there will be correction

I too believe that there won't be any price corrections that take place before it reaches $5000. Maybe this could take place crossing the particular value. The past price correction took place when the price was staggering around $2500 and fell down to $2000 within a very small time period.

If next time like your predict, next crash or correction price on market will be have many volatility, maybe the situation panic selling can happening.
Because after reached highest price and not have any correction price for every period very easy breakdown the bubble growth.

alyssa85

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Quote from: ravenjt on August 12, 2017, 04:41:56 AM

I can't believe you are all talking about only 4k. It will likely break through that level this weekend!

This is a super price spike. Past history suggests prices can increase 20 fold in this situation, including the late 2013 price spike (from 60 to 1200) and even the 1700s tulip mania (also a 20 fold increase).

I believe the reason for this recurrence of 20 fold increases is that it indicates the level at which those investors who entered at the beginning of the spike decide to sell. Meanwhile the late adopters simply don't have enough money to soak up what the early investors try to sell.

As this price spike started at around 400, I think 8k is entirely likely, and very soon, within only a few weeks from now. But it's going to be important to sell just before the peak as it will become very difficult to sell once the price starts falling.
The Chinese traders controlling this market are likely to be very quick and savvy in taking profits.

But where is the money coming from, for this spike? Are you sure it's the Chinese traders? They have been rather subdued since the Chinese govt forced KYCs on the Chinese exchanges.

I think the money is coming from somewhere else, but have no idea where.

cafucafucafu

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Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

In todays market, with the rising prices, It doesn’t look like there will be a correction soon. As like what everyone has stated the market is a bull market which means a correction won’t happen now. I would expect a correction at around the 4K mark though, there was a slight drop in bitcoin a while back and to have another drop now would just be impossible.

There might not even be a correction at all, this is all just speculation. Would recommend buying some now, looks like the whales are still pumping.

el kaka22

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Quote from: MoneyIsDebt on August 12, 2017, 05:38:48 AM

Quote from: iram1011 on August 12, 2017, 01:51:30 AM

I think correction will be there but after it touch $4000. The way price doubled in the month of may. Similarly I think the price will simply gonna touch $4500 and then there would be fall to $4000. After that it will keep on fluctuating between $4000-$4500 for a time before touching $5000.

according to momentum yo can predict that but by viewing the past performance we can assume that it's time for a downfall of bitcoin because whenever it rise its price to some than its price fluctuate between that price up or down and than there is a downfall. so, i think its time for the price to fluctuate between $3100 and $3500.

I do not find any supporting reason for correcting back to $3100 from the current levels of $3700 and I am sure prices are moving forward toward $5000 before end of this August and until testing $5000 levels, I guess there will be less possibilities to witness any corrections as raising volume will be supporting prices to reach $5000 levels when some whales decide to take away profits but new investors may cope up them to ensure price keep moving !

DustyRah

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Consider this: Chips gets faster each year, miners get faster and old miners get dumped and new ones come around difficulty rises and every few years the reward halves.

Just that is good enough reason to understand that the price will rise FOREVER! The ups and downs will be so unpredictable that the best way people will see making it will be taking profits at regular intervals and getting back into the game again to make some more!

MoneyIsDebt

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Quote from: iram1011 on August 12, 2017, 01:51:30 AM

I think correction will be there but after it touch $4000. The way price doubled in the month of may. Similarly I think the price will simply gonna touch $4500 and then there would be fall to $4000. After that it will keep on fluctuating between $4000-$4500 for a time before touching $5000.

according to momentum yo can predict that but by viewing the past performance we can assume that it's time for a downfall of bitcoin because whenever it rise its price to some than its price fluctuate between that price up or down and than there is a downfall. so, i think its time for the price to fluctuate between $3100 and $3500.

DrGuns4Hands

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there's no mistake in the price bubble right now bitcoin was meant to be like that because there's a lot of new investors which is the reason of rising of the price of bitcoin since they heard that bitcoin price won't be affected by the segwit and also bitcoin is rising because of the demand. the higher demand the higher price so this year will be the sweetest year for us.

ravenjt

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I can't believe you are all talking about only 4k. It will likely break through that level this weekend!

This is a super price spike. Past history suggests prices can increase 20 fold in this situation, including the late 2013 price spike (from 60 to 1200) and even the 1700s tulip mania (also a 20 fold increase).

I believe the reason for this recurrence of 20 fold increases is that it indicates the level at which those investors who entered at the beginning of the spike decide to sell. Meanwhile the late adopters simply don't have enough money to soak up what the early investors try to sell.

As this price spike started at around 400, I think 8k is entirely likely, and very soon, within only a few weeks from now. But it's going to be important to sell just before the peak as it will become very difficult to sell once the price starts falling.
The Chinese traders controlling this market are likely to be very quick and savvy in taking profits.

n0ne

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Quote from: xuan87 on August 12, 2017, 04:23:52 AM

Bitcoin moving so fast, I don't think there will be any corrections until it passed more than 4000$ and the correction seems like going to make Bitcoin fall down below 4000$ again, at first I thought Bitcoin will have correction when reach 3700$ but the value keep passing, but for sure there will be correction

I too believe that there won't be any price corrections that take place before it reaches $5000. Maybe this could take place crossing the particular value. The past price correction took place when the price was staggering around $2500 and fell down to $2000 within a very small time period.

xuan87

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Bitcoin moving so fast, I don't think there will be any corrections until it passed more than 4000$ and the correction seems like going to make Bitcoin fall down below 4000$ again, at first I thought Bitcoin will have correction when reach 3700$ but the value keep passing, but for sure there will be correction

severaldetails

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Bitcoin has a run right now. I do not think that it will end before segwit kicks really in.
I don't know what price we will have in ten days but I am conviced that it will be over 4K.
A correction after that might be possible, because then no bigger events in the future are expected at the moment.

bamboylee

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Currently there is a strong resistance above 3900, so expect the price to always retract at that level. I think the price will not correct unless we surpassed 4000, maybe at 4500.

S3052

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Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

Dont expect new correction wave before price hit 5000$ level. Maybe strong resistance levels can cause few panic selling but price is already on uptrend.

Rahar02

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A correction before or after $4000? I will vote for after $4000, maybe there are some little correction, drop back a bit and rise again.
Bitcoin has reach over $3780 across global exchanges and this is 9 days before segwit be activated, do you get it?
Even before segwit activated, we have seen new ATH and keep remember about litecoin SegWit (from $3 to $50).
Bitcoin has a big chance to reach $4000 in this week and we might see a major correction after that, but nothing for sure because segwit is a big deal for bitcoin development.

jakelyson

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The price can still go higher until segwit is activated. I cannot predict how much it can get high but what I can say is if the price slows down, then maybe the correction will happen. Just continue watching the price if you want to catch the drop for short.

Denker

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Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

Just my personal opinion how it could play out.
We are moving to 3950-4000 with several dips within that and then see a correction down to 3400-3500 level.
Then consolidating a while and probably going for 4000 again.

FiendCoin

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Quote from: batang_bitcoin on August 12, 2017, 02:22:53 AM

Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

There will be a correction and it's always expected to happen after a very quick increase. Possible that when we reach $4,000 better to sell of your coins as there will be -$500 correction or it will be good at $3,000. Though the price is still good after this correction this will make the stability of $4,000 healthy.

If you like to gamble on corrections, go for it.

batang_bitcoin

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Quote from: fabiorem on August 11, 2017, 11:32:42 PM

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

There will be a correction and it's always expected to happen after a very quick increase. Possible that when we reach $4,000 better to sell of your coins as there will be -$500 correction or it will be good at $3,000. Though the price is still good after this correction this will make the stability of $4,000 healthy.

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