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Topic: tonight is the correction - page 6. (Read 2422 times)

legendary
Activity: 968
Merit: 1000
einc.io
November 29, 2017, 02:49:15 PM
#15
Yeah, it looks like you are right. It's only the matter of time when the correction should begin. If it's not started yet then it probably will start closer to the end of the year when big investors will start to fix their income.
member
Activity: 97
Merit: 10
November 29, 2017, 02:48:25 PM
#14
Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.  

It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.

I am not from people who keep saying that bitcoin will hit 500k and this kind of forecasts. However, I think 5k is too much for a correction. Only if it will be not like other ones.
Can you explain to us why you are bearish for bitcoin ?
member
Activity: 252
Merit: 10
November 29, 2017, 02:48:11 PM
#13
Why is the correction taking place? Because of the hype or other reason(s)?
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 29, 2017, 02:47:59 PM
#12
Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k. 

Well it seems that the possibility of more dumps is there so we must expect for that and I will recommend the new investors to just wait for a few days, pause the buying desires because eventually price will decline and you will be able to buy after price will dive down. Eventually after the crash I don't think that the price between $9K-10K will lowers down, and yet we can see that this value has been stabilized so far for now. We must not expect for the worst like Silk Road or something because bitcoin is a growing digital currency, yet Silk road is a trading site who has a failure to manage assets from investors.

No, Bitcoin didn't collapse because of Silk road, it grew because of the awareness, leading from 100usd BTC to 1200 USD in 1 month, 1000% gains. Similar here, but the market is more massive by a enormous factor.

Wait it out boys, we are headed into the 2nd dark era of price stabilization for Bitcoin soon.
member
Activity: 71
Merit: 10
November 29, 2017, 02:47:28 PM
#11
I hope altcoins are not damaged hard in the meantime.

ETH is already taking a hit.  Hold steady.  This is just a sell off, and we'll be back up in no time.
sr. member
Activity: 1484
Merit: 253
November 29, 2017, 02:43:08 PM
#10
Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k. 

Well it seems that the possibility of more dumps is there so we must expect for that and I will recommend the new investors to just wait for a few days, pause the buying desires because eventually price will decline and you will be able to buy after price will dive down. Eventually after the crash I don't think that the price between $9K-10K will lowers down, and yet we can see that this value has been stabilized so far for now. We must not expect for the worst like Silk Road or something because bitcoin is a growing digital currency, yet Silk road is a trading site who has a failure to manage assets from investors.
hero member
Activity: 909
Merit: 508
November 29, 2017, 02:42:26 PM
#9
No, it will continue its way up to 50000 $ to 100000$. Speculants entried and buy like crazies. News media are also very interested in spreading out  Bitcoin course abroad, so more and more people want to benefit on the new money. BTC is unstoppable right know and the next months with little breaks, fortunately.
newbie
Activity: 56
Merit: 0
November 29, 2017, 02:40:14 PM
#8
8.7 k btc in 1 hour , from 11K
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 29, 2017, 02:35:03 PM
#7
I hope altcoins are not damaged hard in the meantime.

Almost all altcoins are going to be in the red, i've been in this game long enough to know these markets and the panic behind it all
newbie
Activity: 50
Merit: 0
November 29, 2017, 02:33:29 PM
#6
I hope altcoins are not damaged hard in the meantime.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 29, 2017, 02:30:17 PM
#5
Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD (Bitfinex volume/price), possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.  

It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.
member
Activity: 98
Merit: 10
November 29, 2017, 02:29:11 PM
#4
I believe it is going to drop at least to 9k, but 8k seems a bit much. But judging from previous corrections, it can go as low as 8, sure, why not.
full member
Activity: 140
Merit: 100
November 29, 2017, 02:27:03 PM
#3
Could be...

And after that, we can start building up to the 15K again Smiley
member
Activity: 71
Merit: 10
November 29, 2017, 02:25:54 PM
#2
Why not?  It's already dropped below $10K.
newbie
Activity: 56
Merit: 0
November 29, 2017, 02:18:41 PM
#1
the correction is coming , back to 8k?
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