Topic: Snap back to reality - page 2. (Read 551 times)
In my opinion it is a moment when price go down. It will takes a few days and Bitcoin price will go back to 11000 or higher. It's inevitable
It could last for a long time but I think that this is just another market manipulation and whales will get up to 11k once again before the deep and long correction will happen.
How deep and long of a correction do you think we might see? Wouldn't that be more of a bear market than a correction, do you have any price in mind you think we might see?
So in the last hour or two most major alts down 10-20% as well as bitcoin. I for one am not too disheartened to see this and am actually quite encouraged as it means there's still some sense in the markets. The rises we've seen in the last few weeks have been too much and the market has been too bullish and it's about time expectations were tempered. What do you guys think? Is this correction a good thing? Will it last or will we be back to a bullish market starting tomorrow?
I too thought a correction was going to happen the last few days and it surely does seem that way for BTC at the moment. The rise up was way too quick and it was always going to come back down a little bit as for the future idk what it holds now. I think we may still correct a bit further for a few weeks here but the outlook for me in 2018 is good. I hodl what I have now because I can be patient.
It could last for a long time but I think that this is just another market manipulation and whales will get up to 11k once again before the deep and long correction will happen.
Flash crash, through the door.
Welcome to crypto... everything which goes up, has to come down.
The support at 9K was amazing. This might be the biggest bounce back ever.
Welcome to crypto... everything which goes up, has to come down.
The support at 9K was amazing. This might be the biggest bounce back ever.
It is the same with all things in life. I was watching the USDT-BTC market on bittrex as it all unfolded and it was incredible to see the price just tumble but then it reached a wall of buy offers at about 8700 usd that sparked the price to quickly bounce back. I wouldn't be surprised if it's the biggest swing we've ever had in a short time and also the largest hourly volume.
Flash crash, through the door.
Welcome to crypto... everything which goes up, has to come down.
The support at 9K was amazing. This might be the biggest bounce back ever.
Welcome to crypto... everything which goes up, has to come down.
The support at 9K was amazing. This might be the biggest bounce back ever.
So in the last hour or two most major alts down 10-20% as well as bitcoin. I for one am not too disheartened to see this and am actually quite encouraged as it means there's still some sense in the markets. The rises we've seen in the last few weeks have been too much and the market has been too bullish and it's about time expectations were tempered. What do you guys think? Is this correction a good thing? Will it last or will we be back to a bullish market starting tomorrow?
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