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Topic: WHAT IS MORE LIKELY FOR BITCOIN BY JANUARY.. A CORRECTION OR 20K? - page 2. (Read 555 times)

sr. member
Activity: 532
Merit: 257
A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
Im still having a little fear that the correction that would happen would pull down the bitcoin price but looking on how bitcoin moves lately the urge of acquiring and holding more bitcoins prevail on me hoping for its price to continue pumping
full member
Activity: 196
Merit: 100
200,000 Unconfirmed Transactions Pile Up in Another Crazy Day for Bitcoin.
"Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours, in the mempool – despite paying high fees. Just another crazy day in bitcoin, a land where every day seems to be wilder than the last, including higher highs, bigger swings, and record-breaking numbers across the board. "
https://news.bitcoin.com/200000-unconfirmed-transactions-pile-another-crazy-day-bitcoin/
Interesting situations, something interesting will happen  Undecided
I do not want to talk about when the party ends, we're already moving to Mars. Maybe even to Jupiter.   Roll Eyes Roll Eyes Roll Eyes Roll Eyes
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
I think we ll see a correction. Nothing grows 2k per day and then does not get corrected, there is always profit taking.

But in case it corrects, there s always money to be made in altcoins. So, you dont really lose anything.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
it is possible to see $20K and also a massive dump because it was a huge pump really, it was no longer a natural rally if you ask me.

but if the price stops here and takes some steps back, even if it falls down to $10,000 it will be a good thing for bitcoin. because at this point it will be a good correction which will also strengthen the current price and we will find the bottom support for bitcoin. and that will also reduce the risk of a big drop in the future. and any bubble that may exist.
member
Activity: 112
Merit: 16
I'm thinking both. If the price stabilizes, a correction will not be necessary, and the corrections until now have pretty much always came after fast price increases like the one we have right now. The way to $20K will have fast rises as well, so it's not out of the question to reach $20K and then have a correction. This may even happen within this month, with how fast the price is going up.
sr. member
Activity: 441
Merit: 250
People keep on saying its a bubble its a bubble what makes them say this?? Bubble is something which is made absolutely of air. We have a hardcore system and a full proof blockchain network backing bitcoin. Yes its price might burst a lot but it would be wrong to say that it would become valueless some day. For January and coming times I think there is no correction coming. Reason is because the market cap of bitcoin has increased considerably. We have crossed another 100 Billion USD mark in just a week.

Correction comes generally when the people already indulged in this currency raise the price not when there are some new comers in the market. A few days ago Indians were entering the market quite rapidly and now the same is happening in Korea. So my bid is 25K for January. Long live bitcoin!
member
Activity: 84
Merit: 10
IT WENT PRETTY HIGH TODAY AND ALREADY WENT DOWN NEARLY $3,000 WITHIN A 12 HOUR PERIOD.

SO IS THIS A BUBBLE ABOUT TO BURST OR ARE WE STILL IN THE EARLY STAGES OF A COIN THAT COULD MAX OUT AT 50K? 100K?

IF YOU DO BELIEVE A CORRECTION IS COMING, WHAT PRICE DO YOU SEE IT SETTLING AT?
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