Topic: When will Bitcoin stop its correction? - page 2. (Read 860 times)
Relax for now and try to grab this opportunity to accumulate more. Most investors who took profit could just be taking their holiday vacation and enjoying this season. Once they go back in the game, it could breach the $20k price level. Since it went down, it's like being manipulated by certain big whales out there, probably one of them is Goldman Sachs.
What correction? Bitcoin is already at 15.8K !
Bitcoin will stop the correction, when people give up and think it's time to sell.
When there is frustration in the market and noobs who thought they can hodl easily are willing to sell the bottom.
Then you know you reached a bottom and the market starts to move up again.
Imo Bitcoin could need some more down pressure and sideways movement for a few more months to get all the noobs and quick money dreamers out.
But I doubt we will see that happen. With the new year, big money will come in. Maybe january again will be a slow month. It has been in the last 4 years at least.
When there is frustration in the market and noobs who thought they can hodl easily are willing to sell the bottom.
Then you know you reached a bottom and the market starts to move up again.
Imo Bitcoin could need some more down pressure and sideways movement for a few more months to get all the noobs and quick money dreamers out.
But I doubt we will see that happen. With the new year, big money will come in. Maybe january again will be a slow month. It has been in the last 4 years at least.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
Let me ask one question too? When will stupidity stop being a characteristic of humans? See mate,there are various support levels strongly built,one at 12,200;11,700;10,500 if in case bitcoin crashes more. Consequently if bitcoin goes above the price of 17,200 we can see another all time high before new year. There's need for a lot of blood in the markets though.
The price seems to be hovering over $15,000 for the past 1 day. An ATH before the new year seems doubtful, given that the momentum has been lost. Support levels have been built, but I doubt if the technical analysis based support levels are any good in the cryptoworld. Bitcoin certainly did not respect any resistance levels during its run from $900 to $20,000 in 2017.
Why people keeps on thinking that there is a price correction for bitcoin while the fact is what was happening is not a price correction but instead a normal fluctuations bitcoin need to undergo in line with the demand bitcoin gets in the market. Bitcoin appreciate because the supply needs to adjust for the current demand while bitcoin drops to open opportunities for investment and normal circulation in the market.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
Let me ask one question too? When will stupidity stop being a characteristic of humans? See mate,there are various support levels strongly built,one at 12,200;11,700;10,500 if in case bitcoin crashes more. Consequently if bitcoin goes above the price of 17,200 we can see another all time high before new year. There's need for a lot of blood in the markets though.
Well, you can't remove that characteristics, it is something that differs us from robots or AI. You can't remove fear from the investors, big money is involve right now than before. I guess, correction is just natural. Bitcoins price will pump and dump. Its up to us when we will stop to ride on it.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
Let me ask one question too? When will stupidity stop being a characteristic of humans? See mate,there are various support levels strongly built,one at 12,200;11,700;10,500 if in case bitcoin crashes more. Consequently if bitcoin goes above the price of 17,200 we can see another all time high before new year. There's need for a lot of blood in the markets though.
It is actually a drop because people are selling their bitcoins for expenditures on Christmas as it is their important need but it is sure that after Christmas the price will rise again and it will rise with a fastest speed after that because after no one will need to sell on high amount and the traders will see the price at lower value and they will rush to buy it. I have experience with bitcoin and this situation happens like before and just like before the price will increase twice in the coming weeks, once after the 25 December and after that the price will again pump higher at New year.
I agree with Vikingr. People are caught up with the moment and Christmas is no exception, which is why there is an excessive amount of Bitcoin that is being used during this season. I think that among all the events that can occur in a year, Christmas is the most costly one since it is the season of giving which all the more gives the reason for users to spend their Bitcoins. I am really positive that after this season is over, Bitcoin would be back on track with its increase in rate. As we end Christmas and approach the New Year, Bitcoin prices may still be shaky by that time since both seasons yields for celebrations. After the New Year, I have high hopes that Bitcoin rates would rise since the people finally overcame its correction.
It's definitely gonig lower to at least $11K, likely $10K or lower to $8K
Having said that, if btc doesn't go lower, i don't think it could go a lot higher than 30K...
Having said that, if btc doesn't go lower, i don't think it could go a lot higher than 30K...
It seems that it stopped right now, but it started going down again, it is at $13,500 at the moment, that is pretty low compared to the price that it was yesterday, we ll, it dipped yesterday too.
This is not a correction, it's the beginning of the end. Bitcoin is worth 0, as morgan stanley pointed out this morning: http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
When you guys think this will never end, bitcoin will stop the correction and it will rise right away to new high prices.
This is not a game, if you believe in it, you need to hold your coins tight. There is no other way.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
rising is normal happens after and big rising because people can’t keep buying more every day.
correction is good for me to buy more
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
correction"dump" must happens after every rising bitcoin follow normal Economics curve.
you must read basic Economics charts to have better effect with bitcoin
That's the problem. Nobody knows. I'd actually like Bitcoin to gain 1%/day instead of these +30% and -30% swings. The gift and the curse. Once we hit a Trillion dollar market cap things should be a little smoother, though...
Quote
When will Bitcoin stop its correction
When you sell
No one knows but I hope after the holidays bitcoin will bounce back and pump higher. Everything is possible with bitcoin it may dump deeper or start to pump, just Hold and don’t panic everything will be back to normal no matter what.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
The reason behind drooping is its demand, Since 25 December is on the way and all know about this fact that most of shopping sites are not accepting bitcoins like Amazon, Aliexpres, and Ebay. People are selling them which decreasing the bitcoin demand and increasing the supply, Which cause the price fall down. Its just a temporary trail it will increase next year just hold your coins.
Yeah.I hope so it will increase after the Christmas.But the transaction fee of bitcoin transactions make me worry little bit than its price fall some transactions are pending for days even send with high amount of fee.If it continues like this then people may lose their trust on bitcoin and will go for other coins.
Bitcoin is now in its correction at Christmas time. Do you think BTC will rise again after this time?
The reason behind drooping is its demand, Since 25 December is on the way and all know about this fact that most of shopping sites are not accepting bitcoins like Amazon, Aliexpres, and Ebay. People are selling them which decreasing the bitcoin demand and increasing the supply, Which cause the price fall down. Its just a temporary trail it will increase next year just hold your coins.
Currently, the rate is declining Bitcoin rapidly before the occasion of Christmas holidays, this explains all sellers to bulk out the Bitcoin USD to shopping for Christmas. This phase is a temporary rate reduction Bitcoin, I'm confident that after Christmas is over, the rate will increase Bitcoin strongly back in the year 2018, promises to increase the level of 20000 dollars on exchange rates. And the important thing is that the future of the currency will be the Bitcoin.
Yes Christmas holidays can also have some effect on the price of bitcoin, as people are busy in celebrating Christmas holidays and buying gifts for their dear ones, but i think that after a long rally bitcoin price deserve to take a correction. I think some investors want to get their profit from bitcoin and that is the reason that there is a selling trend in bitcoin market, but we are expecting that very soon the price of bitcoin will start recovering its position and very soon we will see bitcoin price trading above 20000$. I do not think that those people who are welling for long term investment should sell their bitcoin, they should hold it for some more time, because still bitcoin price has to continue increasing its price. Jump to: