Topic: Will Bitcoin Correct to $6,500? - page 4. (Read 1003 times)
thats what your instincs say so better you follow that but its not also bad to have a high hopes . that only means that you are an optimistic person which is good when compare to person that does not hope too much because it only shows that they are weak or not have an ambition on thier life . to the original question if bitcoin will correct ? id say yes btc always correct but i hate to say it will correct on the said price.
There is a possibility but if ever the price will be corrected to $6,500, that won't be that much of a problem because it will again increase within a period of time simply because that is the nature of the market volatility, so there's really nothing to worry about.
Also that would be a good opportunity for investors to engage into investing to bitcoin. If you are not new in this industry, you would get my point. Only the new ones do panic the most whenever the market price is falling. As a holder, I do tend to compare the present market price from its price in the past to lessen the stress backdrops is giving.
In such way, i am confident still for the 'comeback'. It is just a matter of investor's mindset. But for now, calm down, as we wohld observe the behavior of the market price of Bitcoin, things are going well.
Also that would be a good opportunity for investors to engage into investing to bitcoin. If you are not new in this industry, you would get my point. Only the new ones do panic the most whenever the market price is falling. As a holder, I do tend to compare the present market price from its price in the past to lessen the stress backdrops is giving.
In such way, i am confident still for the 'comeback'. It is just a matter of investor's mindset. But for now, calm down, as we wohld observe the behavior of the market price of Bitcoin, things are going well.
Any thoughts?
The current situation is very unpredictable, just last month we had a price of $6500, and I think the trend can be reversed in both directions with. I may be wrong, but halving is still 3.5 months away, and I think there will be at least 2-3 more significant falls in that period, but by that I mean drop up to $1000.
It should be borne in mind that it is impossible to predict any bad news involving exchange hacks, or that someone decides to dump a big number of BTC at once. I wonder if those who intended to buy as much BTC at a lower price are happy with the quantities they have, or they will try to manipulate the market while it is still possible (in an easy way).
OP, if you have that voice in your head, maybe you need to react before it's too late. After all, it's about your money.
As a general rule: when a support level keeps getting hammered, it's probably going to fail. If the market returns to $6,500 again, it's probably going much lower, possibly into the $5,000s to the 200-week MA.
Fortunately I don't think we'll see $6,500 again. My contention is the market is experiencing downward pressure on the daily time frame, but strong upward pressure on the weekly and monthly time frames. The higher time frames will win out in the end.
These are areas of interest if the bottom falls out of this current sideways:
Fortunately I don't think we'll see $6,500 again. My contention is the market is experiencing downward pressure on the daily time frame, but strong upward pressure on the weekly and monthly time frames. The higher time frames will win out in the end.
These are areas of interest if the bottom falls out of this current sideways:
To me a drop to $6500 isn't really that far... From $9k to $6k, sure its a considerable drop but would you be happy to sell now and have it go to $15k? You're going to have to work out where you'd buyback if we swing up? (potentislly around the 11k area) and what if you still have these thoughts then? Are you going to risk holding everything to have to buy back at 15k or 20k? (if we make it thst far).
Traders with experience never sell ALL, there always stay a possibility, especially with crypto, that the price will continue to drop or to raise. When the maximum or bottom will be easy to seen then they will sell or buy, depends on the target they, traders, follow. I do not know how bitcoin will behave itself in coming days and I am not sure about any "psychological" numbers as well. I am ready for everything.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
The chances for a dump this year is very slim. As you can see the investors were so hyped because of the Bitcoin halving that are trying to accumulate as much as they can. The past 2 halving's outcome has become the trend up to this very moment, while Bitcoin is gradually crawling back to a 5 digit figure. Absolutely no obvious sign of a dump.
If it happens to dump down to that level, then that's still good for accumulation.
Agree with that since in every halving we can see the price always goes up as per charts below shows.
So better we should bare more confidence since the next halving round is nearly coming and since all past rounds gets a good result so there's no question for this year's month that we can see another good sets of pumps until the price reach for another ATH or maybe closest to the past ATH.
I really think we should need the confidence in trusting Bitcoin more because this is what has always bitcoin does, the correction is pretty normal, but a sudden flickering down movement of Bitcoin will surely cause a few waves of panic from weak holders, I know this is what OP is thinking right now because the movement upward had turned to a downward slope but as you have said the halving is near and that trust in that even can certainly make a go to another ATH.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
The chances for a dump this year is very slim. As you can see the investors were so hyped because of the Bitcoin halving that are trying to accumulate as much as they can. The past 2 halving's outcome has become the trend up to this very moment, while Bitcoin is gradually crawling back to a 5 digit figure. Absolutely no obvious sign of a dump.
If it happens to dump down to that level, then that's still good for accumulation.
Agree with that since in every halving we can see the price always goes up as per charts below shows.
So better we should bare more confidence since the next halving round is nearly coming and since all past rounds gets a good result so there's no question for this year's month that we can see another good sets of pumps until the price reach for another ATH or maybe closest to the past ATH.
I don't think that bitcoin has a chance to fall to 6500. Judging by the current trend, I can say that in the near future the price will gradually increase.
I also think that the price would gradually increase in the long term, but it definitely has a chance to drop to 6500. I mean, the floor of the bull market of 2017 was around $3000; what is 6500? 6500 isn't that far off. I wouldn't even be surprised to be honest.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
YES! Buy the dip and HODL. Don't trade, just HODL all the coins you have in store now, and get more fiat to buy more.
It's time to be inspired/motivated to get a job, or a second job, to invest in something that maybe, MAYBE, will go to 6 digits within 5 years.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
The chances for a dump this year is very slim. As you can see the investors were so hyped because of the Bitcoin halving that are trying to accumulate as much as they can. The past 2 halving's outcome has become the trend up to this very moment, while Bitcoin is gradually crawling back to a 5 digit figure. Absolutely no obvious sign of a dump.
If it happens to dump down to that level, then that's still good for accumulation.
I don't think that bitcoin has a chance to fall to 6500. Judging by the current trend, I can say that in the near future the price will gradually increase.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
If you are afraid for another dip to come then maybe hodling is not best for you since you will get stress out when certain red days comes and I suggest that you should do a day trades since by this you can monitor your profits and capitals. But if you can afford to risk anything then hodling game is good for you since remember we have halving and this events are good times for crypto so it's up to you if you want to risk or not but remember all hodlers earn more money before compare those people who dump earlier.
If you ain't sure then wisely pick to balance the situation and give yourself some peace of mind.
first of all lets get one thing straight, going from $9500 down to $6500 is not called a "correction" that is called a big market crash since it is more than 30% drop.
now that the terminology is corrected we can discuss it better. a crash of this magnitude during a time where price is already on the rise and market is ready for it too is not possible out of nowhere and for no reason. we need some massive FUD and a large market wide panic for the market to crash that hard!
not to mention that we already have multiple strong buy supports (barriers) that would prevent such a crash at $9k, $8.5k and biggest of all $8k.
now that the terminology is corrected we can discuss it better. a crash of this magnitude during a time where price is already on the rise and market is ready for it too is not possible out of nowhere and for no reason. we need some massive FUD and a large market wide panic for the market to crash that hard!
not to mention that we already have multiple strong buy supports (barriers) that would prevent such a crash at $9k, $8.5k and biggest of all $8k.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
If you are afraid for another dip to come then maybe hodling is not best for you since you will get stress out when certain red days comes and I suggest that you should do a day trades since by this you can monitor your profits and capitals. But if you can afford to risk anything then hodling game is good for you since remember we have halving and this events are good times for crypto so it's up to you if you want to risk or not but remember all hodlers earn more money before compare those people who dump earlier.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
so that is only based on your instinct?is that what you mean here?if does then better check also the speculation section in which mostly in Wall Observer thread.Any thoughts?
https://bitcointalksearch.org/topic/wall-observer-btcusd-bitcoin-price-movement-tracking-discussion-178336
there check the posts given by those crypto experts and don't just automatically believe in your mind.
There is still possibility that it will drop by that amount but not maybe before halving. I remember buying some bitcoin when the price reached around 6k and I will choose to buy more again if the price will reach that amount again. It's good to expect and put high hopes that price will continue to increase but know that there is always a tendency for the amount to alter in this very volatile market. Jusf watch the market and take advantage of the time that the price may declined to buy again or simply wait till you get your desired profit.
Of course there's a possibility to see the price hitting $6k ceiling again as we all know that in a blink of an eye, this market can go on a downward spiral. Yeah, you better try hedging 50/50 and see how it goes for you.
We all don't want to get disappointed, we wanted to see the price hitting 5 digits again, but if you're not that comfortable and feeling a bit nervous about it, the best thing to do is to leverage. Best of luck to your decision.
There is still possibility that it will drop by that amount but not maybe before halving. I remember buying some bitcoin when the price reached around 6k and I will choose to buy more again if the price will reach that amount again. It's good to expect and put high hopes that price will continue to increase but know that there is always a tendency for the amount to alter in this very volatile market. Jusf watch the market and take advantage of the time that the price may declined to buy again or simply wait till you get your desired profit.
6.5k? Even if it does go down that far, signs would most probably appear beforehand, enabling you to act accordingly after that. There isn't really a need to sell right now.
But if your more on the safe side, wanting to maximize the current profit you could take, sell your coins. If you want to maximize your profit no matter what, there are two choices. One, do daily trading, take advantages of pumps and dumps and profit daily. Two, long term investment, but the profits made there are still quite unclear yet.
OPs problem is more of a need of something to push you through in making a decision, but since you've started thinking of a possible drop, better sell it than regret it.
But if your more on the safe side, wanting to maximize the current profit you could take, sell your coins. If you want to maximize your profit no matter what, there are two choices. One, do daily trading, take advantages of pumps and dumps and profit daily. Two, long term investment, but the profits made there are still quite unclear yet.
OPs problem is more of a need of something to push you through in making a decision, but since you've started thinking of a possible drop, better sell it than regret it.
OP, what were you doing when bitcoin was recently at $6600? Were you buying then? It sounds like you're starting to get a little bit of fear of missing out mixed with a little fear of losing money.
Yes, bitcoin could drop back down to $6500 or any other price you could come up with in your head. However, from all indications it seems like there's been a lot of buying lately and the overall mood is pretty good, so I would expect any drop to be temporary. As long as you're not investing money that you're going to need for expenses, I'd say keep your funds in bitcoin rather than USDT. If the price goes higher than where it is now, you'll be wishing you did just that.
Yes, bitcoin could drop back down to $6500 or any other price you could come up with in your head. However, from all indications it seems like there's been a lot of buying lately and the overall mood is pretty good, so I would expect any drop to be temporary. As long as you're not investing money that you're going to need for expenses, I'd say keep your funds in bitcoin rather than USDT. If the price goes higher than where it is now, you'll be wishing you did just that.
If you're not sure what's going to happen, then the right move would probably to hedge your bets. Can't decide between USDT and BTC? Then probably put 50% on each instead. Even if we're a few months away from the halving, prices are still not guaranteed to rise so act accordingly.
Good advice.
As for 6000-6500 happening.
Well
415 dec-2015
447 jan-2016
379 feb-2016............................ feb-2020 about 95-100 days before ½ ing
419-mar-2016
421-apr-2016 95-100 days before 2016 ½ ing
452-may-2016
577-june-2016
647-jul-2016
587 8/11/2016
605
640
714
767
785 jan-2017
1008 feb-2017
we look okay based on past preformance.
Not sure that the past ½ is the same as this one so hedging is okay.
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