Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
Every time you see round numbers, those number are going to become a barrier, the barrier is mostly psychological, since people prefer to use round numbers when making calculations because it is easier, so when bitcoin touches a number like 5000 many people create sell orders, suddenly there are many sell orders and the supply is bigger than the demand and that makes the price to go down. 
Topic: the likelihood that bitcoin will see a correction at 5000$ - page 2. (Read 1622 times)
Some people have asked me about where to get the Tone Vays market analysis, well you can watch his youtube channel:
https://www.youtube.com/channel/UCbiWJYRg8luWHnmNkJRZEnw
Here's the prediction for the top:
https://www.youtube.com/watch?v=EHxNu95088E
And here's the prediction in the World Crypto Network channel for the correction:
https://www.youtube.com/watch?v=SoTaS9t3Po4
Nobody can predict the future, but it's clear that this guy is pretty good at this.
He isn't good at all with alts tho. He didn't predict the ETH rise, he didn't predict the BCash rise, and he didn't predict a lot of other alts that could have made you rich, even if they are shitcoins.
https://www.youtube.com/channel/UCbiWJYRg8luWHnmNkJRZEnw
Here's the prediction for the top:
https://www.youtube.com/watch?v=EHxNu95088E
And here's the prediction in the World Crypto Network channel for the correction:
https://www.youtube.com/watch?v=SoTaS9t3Po4
Nobody can predict the future, but it's clear that this guy is pretty good at this.
He isn't good at all with alts tho. He didn't predict the ETH rise, he didn't predict the BCash rise, and he didn't predict a lot of other alts that could have made you rich, even if they are shitcoins.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
Hmm. I don't think it is something that would be influenced by just a simple survey here on the forum. Since there are so many people trading and not all people will be on this thread let alone this forum. There is also the problem of the whales, you can't really say what is on their minds, and they are a major factor to the equation.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
You should be able to analyze, read graphics and also hear information like the events of 1 August yesterday. Follow your feeling and follow what he wants. I hope you are lucky
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
It is a natural human behavior and they call it as self-fulling prediction or prophecy...it is happening because a critical number of people believe that a certain thing will happen and because of that it did happen actually. With Bitcoin, this is nothing to be alarmed as it is just natural that at a certain point correction can set in. Soon Bitcoin can be back again towards $5,000 for sure and this time it can go beyond that psychological wall.
We are seeing a correction trying to breach the $5000 and it was expected and my expectation is that once we find the good enough steam to cross the five thousand valuation mark then we could see a rally of over six hundred dollars on the go and that is what we are seeing in the past rallies and that is what is expected this time around too. 
we are already experience a correction after it touched 5000 USD yesterday. it's a mental barrier we have to break now, people like to sell on such round numbers. it will recover soon and then break through above 5000.
It was a successful attempt to try to break the $5000 barrier. But it failed to hold on to it and continue forward. But at least it proved something, that a $5000 figure can be reached easily. The next time Bitcoin will hit $5000 again, I am kind of certain that it will be a successful one and the limit will be a thing of the past after that.
Price changes are pretty huge now, can't say for sure what the "correct" price is. A lot of people got their sell orders around 5k so we are experiencing a drop in price, but larger investors are not selling, they are buying so it shouldn't be long until price goes beyond 5k
Actually, the "larger investors" are following suit right now. This is just the beginning of the drop. I came in here yesterday to warn everyone that this was inevitable. I'd hate to say it but I believe this is the beginning of the steepest decline yet.
But it will recover, and when it does I believe it will be the beginning of a steady period of growth that will also be the best the currency has seen...even better than when it went from triple digits to 3K. And expect it reach the 5 digits by the end of 2018, and eventually even the low-mid 5 digits after that.
But before that happens expect things to get worse before they get better. It's not a bad idea to move your money elsewhere in the meantime. As much as I hate to say it I believe this is just the beginning of a steep decline.
What is the reasoning behind this steep decline that you are predicting. Is this because it has risen up so fast that it is a slight bubble that is only building to eventually break?
OH SHIT!!! OMFG THE PRICE DROPPED 10% OFF AN ATH YOU ARE RIGHT WE ARE FUCKED!!!
Is that what you want? go get your shine box.
Is that what you want? go get your shine box.
No, how did you get the idea that this is what I'm saying? I know that it's natural to see a correction after a milestone like this and that it's part of the economical cycle. I'm trying to make a profit out of it. I want to hear people's reasoning and analysis to better enhance my own. I'm not delusional...
We cannot know what will happen next to bitcoin as i know the prediction of some people and there speculation are really happening btc are a bit close to 5k and that price which some people predict are real. Bitcoin price is depend on the circumtances of the market it is like supply and demand and equilibrium.
OH SHIT!!! OMFG THE PRICE DROPPED 10% OFF AN ATH YOU ARE RIGHT WE ARE FUCKED!!!
Is that what you want? go get your shine box.
Is that what you want? go get your shine box.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
bitcoin prices are strongly influenced by market conditions. so the more demand then the most likely price increase will occur. and vice versa when demand a bit then bitcoin price will experience correction. this is the current law, that bitcoin is very easily influenced by circumstances. 
Price changes are becoming huge and huge now ,no matter how the price change ,pumps or dumps ,all
we need to do is holding. don't sell your bitcoin ,that is what they want, keep it in your cold wallet ,in case you do something wrong .
we need to do is holding. don't sell your bitcoin ,that is what they want, keep it in your cold wallet ,in case you do something wrong .
Price changes are pretty huge now, can't say for sure what the "correct" price is. A lot of people got their sell orders around 5k so we are experiencing a drop in price, but larger investors are not selling, they are buying so it shouldn't be long until price goes beyond 5k
Actually, the "larger investors" are following suit right now. This is just the beginning of the drop. I came in here yesterday to warn everyone that this was inevitable. I'd hate to say it but I believe this is the beginning of the steepest decline yet.
But it will recover, and when it does I believe it will be the beginning of a steady period of growth that will also be the best the currency has seen...even better than when it went from triple digits to 3K. And expect it reach the 5 digits by the end of 2018, and eventually even the low-mid 5 digits after that.
But before that happens expect things to get worse before they get better. It's not a bad idea to move your money elsewhere in the meantime. As much as I hate to say it I believe this is just the beginning of a steep decline.
It already happened. Huge drop from 5k but it will rise back up. Seems that some people sell at that price and bought at the lower price but regardless in the long term you will still profit since the price gradually rise.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
There are hodlers, spenders, traders, institutionalized investors, and then there are speculators, somewhere between traders and hodlers. Strong speculators hodl when the price is going good and still hodl when there is a dip and utilize it. Weak hands/speculators sell when they have got 5% to 15% on their investment and sell, other weaks follow and then there is a correction and then these weak hands speculate when is the right time to buy bitcoin?
Bitcoin touched $5000 so a correction is obviously natural. If I go by recent stats, I am assuming bitcoin would again cross $4600 - $4700 in a couple of days, just an assumption.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
The correction is ongoing. I saw the Tone Vays market analysis and he nailed the top at around $4950, now he thinks he will not go lower than $4000, and that after this correction is over, we will go to an ATH, definitely breaking through $5000, so after that psychological barrier is beaten, I expect the bull market to continue for weeks through September.
There are no real signs of the bull market stopping, unless a ton of hardfork FUD starts to become spread all over the net.
Price changes are pretty huge now, can't say for sure what the "correct" price is. A lot of people got their sell orders around 5k so we are experiencing a drop in price, but larger investors are not selling, they are buying so it shouldn't be long until price goes beyond 5k
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
It is really happening, I'm always expecting that whenever we are about to step in another ATH, it will be followed by a correction. But just hold on tight as these corrections will happen for a couple of days but it will no longer stay for a week. Think about what happened when we are about to reach $3k.If we consider last 1 year, all ATHs was follewed by another ATH in bitcoin. Remember $1400, $1900, $2300, $2900, $3500, and $4500 peaks. When we got $4500, lots of people was saying this is the end. After that, we say $5000 easily.
Greetings; how would one gauge the likelihood or probability that BTC will see a correction at a certain price? my concern is that if many people believe it could happen that would influence it happening.
It is really happening, I'm always expecting that whenever we are about to step in another ATH, it will be followed by a correction. But just hold on tight as these corrections will happen for a couple of days but it will no longer stay for a week. Think about what happened when we are about to reach $3k. Jump to: