Bitcoin Forum

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.

The price could cross the 7000$ before the next fork. It's not that far but in the meanwhile probably the price will fluctuate, a bit up and down all the time but maybe we could reach even 7500$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.

I also think this is the highest it could go. I already liquidated a huge chunk of my bitcoins into cheap altcoins like Doge, ETH, Waves, and others. I think it will dump by the time it touches $7,000 and it will not go beyond it. If it does, it will not reach further.

I am not sure why people are hoarding bitcoins at this point, because if there would be a hard fork the new coins will not have replay protection. Which means everybody will only be able to transact once with there coins and those coins will go to whatever chain they choose.

It can't endlessly go up without another correction, that I believe too, but what's important to realize, is the potential effect of the hard fork that makes people buy more Bitcoin. S2X futures hit 0.16BTC, which I believe is still somewhat low compared to its price at the time the initial dumping stage is over. In that regard, as long as we have this hard fork ahead of us, there is a good chance that the market will keep going up before a correction kicks in. I have taken some profits just above the $6900 level, just in case. I rather not be surprised.

Indeed a correction is coming , took profits too and will buy back in dip  ;D

As we see right now every hard fork tends us to reach a all time high and then another we coin will be created in the Blockchain by that fork then a correction will occur, and by that time we an see that the price will still rise because the people that holds their bitcoin now sell that new coins that they get into bitcoin I think that is not a surprise for some to really do, even if the correction kicks in we can definitely see bitcoin in a higher place.

Indeed a correction is coming, but I believe we will see higher ATH before a correction happens. I wouldn’t be surprised if it hits $8k by the end of month.

I thought it would correct right after the BTG fork, but with B2X and the latest news, things are just pushing the rice up.

There is no pullback on the crypto market cap as well, it has been growing steadily for the past few weeks and it will likely hit $200B by the end of the month.

A correction might be coming, but whatever you do DON'T SHORT ON MARGIN.

It looks like this thing has gone higher due to a bunch of whales stop picking, where they force the price up to trigger the stop-losses of those who are shorting, which then triggers a bunch of buys to close out the short.

Just sit on your hands and let it correct naturally from running out of steam.

There will be a correction.That's true but we will not see below 6K$.A correction is coming may be to 6.3K to 6.4K.A correction sooner then later is healthy and i want it to happen soon otherwise noobs are are buying at this high price will be disappointed when crash happens :P

The peak now is $7,000 and I think the same thing will happen as we reached $5,000 before the correction just happened and it went down close to $3,000. Most speculators say that the correction will be happening after the hard fork. But at the current stage now, most of the alt coin profits are going inside bitcoin and riding the run on this moment so we are not in a bubble. I hope this will never end but that's impossible so I would say that bitcoin is seriously flying to the moon so HODL.

This train shows no sign of slowing down. Already above $7100. HODL.

It is quite possible for the price to get to $7000 by the next fork because it's so close to reaching it. A price correction is but expected to happen especially with the continuous increase of the price. But even with the correction, I don't think that the price will go down that much. Bitcoin would still remain at $6000 level perhaps then continue to increase after the correction is made. This would be a great time for others to buy and make some profits.

No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

Liquidating along the rise.
7170$.

$7244 - We must be close to a top here, I just hope the correction isn’t crippling.

I sold some today, exactly as I planned to do when it hit my target price. I've already set the next target, when it hits it, I'll sell some again.
The cash I got makes it easier to ride out a big drop. Big drops are just part of Bitcoin, meant to shake coins out of weak hands, after which whales accumulate more. I don't want to be shaken empty, that's why I set my targets and stick to them.
Bitcoin dropped hard many times this year already, and reached a new ATH just as many times. I have no doubt it will go up in the long term, just don't panic in the short term.

At least 1000$ correction, probably way more i'd say.
ETA for ignition 1-3 days (worst case).
beware of WE.

It's going parabolic as I type. This could mean it will start slowing down and going into plateau phase. Either way if you sold at $6950 you missed out on a $300 rise. I'd have regretted selling at that point because I'd have to buy back in at a higher price. Nothing wrong with taking profits along the rise but don't think just because it went high it can't go higher. Lesson learned in Bitcoin.

Be glad you sold and took profit so you can buy back in the coming dip  :)

Almost $7400, Just my guess the peak will be around $7800 but who know. It's a hell of price pump that I'm myself not impressed but rather scared to the massive price correction.
The price pump just too fast, and if it's still keep continuing, maybe $10,000 within 3 days can be reached, that's really crazy.

The train has even accelerated. We're at $7300 now. It reminds me of some moments in 2013 ;)

Well it's impossible to say where the top exactly will occur. But I think it's overheating now. Some scenarios to consider:

- a "temporary top" around $7500 and a mild correction, then a new (and probably last) bull run to completely unexplored regions over $8000
- no stop in the 7xxx region until a top around the next relevant Fibonacci point ($8400?), and then a more significant correction, maybe again down to $6000 or even $5000.

PS: While I wrote, maybe the correction already begun ....

POP!
and it's gone.

Sell on dead cat bounce, don't be tricked.
Out at 7100-7200$.

if you suppose that everyone is buying to make profits with the hard fork then you must also imagine what will happen after the hard fork, the price is very high and all altcoins are dropping more than 10% that only shows that people are going from altcoins to bitcoin because of the hard fork


Now it's in 7340$

Was.

I sold a part at 6.448,12€ on Coinbase. Got lucky once in my life. That was the top for a while. Maybe a day.

Bitcoin still on rally right now, over $7100 across global exchanges, but BitHumb reach $7468 https://www.bithumb.com/ new ATH obviously. After bitcoin reach the highest peak, which I don't know, correction will occur again, the time will come when people cash out and keep it liquid. But, I don't think bitcoin could fall down below $6000 at this point due to hard fork coming soon and China may rescind cryptocurrency ban in the nearly future, while OKCoin and Huobi still operating.

And correction entered the party

;D Yes, if the $6700 floor can be held (or everything higher than $6500-6600, so the 24 hour change is positive) then the "mild correction" scenario I mentioned above would be the most likely outcome.

In this case, in at most 2 days - or maybe even today -, another crazy FOMO leg very likely could happen - it could take us to about $8500.

Same as the thread title the price reached a peak value and now the correction phase has begun taking the price low towards $6500. Maybe this correction will continue for a while or to some extent and once again the price moves in a gradual manner without much of the large scale growth.

Where is the floor actually?

I think it might be around $5800-$6200, what do you think?

Looking like a fairly good prediction right about now, though it will be interesting to see where bitcoin goes from here, will it resume its bull run or will it now begin to slide?

It’s way lower than that.  I’m prepared for it to retest 2013 peak of $1240.  Blood. in. the. streets.  

Are you saying $8500ish before the fork happens? That would take us beyond $10k by Christmas.
If the bottom falls out we might have to take the long route there but either way I'm fine. Either buy lower or sell higher. If Bitcoin gets close to $5000 again I'll mobilize any fiat available. Might be the last chance to buy cheap coins.


Those times are gone. It would mean the apocalypse.

I think this would put it below mining costs.

That is perfectly possible, but not in 2017. That could be the absolute low of a year-long bear market. I am however skeptic that we'll see these levels again. First the $2900-3000 support would have to be broken.

With one exception: If with the Segwit2x fork something goes terribly wrong - for example, 51% attacks from miners (very unlikely, as they would destroy their profit) and dump attacks on both sides of the Segwit2x front (more likely) then we can see this price regions earlier than we want.

For now, however, I believe the bulls will try to attack the ATH again. The downward pressure seems a bit weak.

That has happened before. 

Well, B2X is around $1240 in futures markets.

Since theres no replay protection, people are exposed to replay attacks. So, if they dump their "free" B2X for $1240, and this prompt replay attacks, their BTC will also be sold at this price point.

Miners would have to switch to the B2X network to not lose their profits, since the difficulty would be readjusted for the initial B2X price.

Yeah it's gonna "pop" any day now.  Granted I don't buy that it's as overvalued as some analysts suggest, like Mr. Greenspan for instance, but I do also think it will be more pronounced than most corrections too.  I think a more realistic assessment of it's value puts it around the upper 5K's.  And even then it would just recover from there anyhow.  But some of these so called experts would have you believe it's full of as much hot air as a hot air balloon.  Add to that it always happens when a new milestone is reached.  A lot of people will be looking to cash in their chips, wait for it to drop then level out, before getting back in again.  I hope as few people succumb to this as possible for the greater good, but being the selfish individual that I am, always looking to maximize profits, I'll be following suit personally and cashing out the majority of my holdings.  I usually cash out roughly 70% and hold 30% firm in situations like these. 

And I think more people are taking this approach these days than used to be the case.  The newer investors that didn't get into the action until later in the game mostly... while the ones fortunate enough to get in during the infancy of BTC, before it's meteoric rise, have the benefit of being able to just sit back and absorb these retractions.

I wish I could say with a straight face that this rise will continue straight to/through the fork, but not only won't it that could actually be a terrible thing.  That could truly create a gigantic bubble and subsequently a correction so steep and severe that it could cause a ton of panic selling on the back end of it as well, and fear that the entire thing could be collapsing.  That's the last thing we want. 

Im treating it also on bubble territory if we do try to check new ATH it is on $7300 price and it dip down again on 6800 and now it bounce back again on 7100 as of this writing which this is really a bumpy ride and would really be good for scalping or short tradings but somehow a risky thing to do and i do consider that was the new ATH or ceiling which we wont able to see higher price other than that range.Price corrections should really be expected because after fork it would eventually happen if those bitcoin users do already claim their free money.

Yes its possible were in bubble its quite amazing seeing how the value of bitcoin hit this much and continuously increasing but the problem is that there is an upcoming hard fork which we never know the effect on bitcoin price after it. I am happy seeing how bitcoin appreciate today but I am quite afraid of tomorrow I just hope that November will not make bitcoin owners and investors cry

This is more than crazy but insanely out of control.. I don’t know what to think about it either as I’m confused of this supposed increases but not in this drastic phase.. It’s more than fast it is a flash from 4000$ to 5000$ then 6000$ and this 7000$ within days not weeks.. This is much alarming for some totally and others are worried of it might have negative effect and might have a big dip.. But still I’m positive that it won’t happen..

https://i.ytimg.com/vi/Gjsb909mQBM/hqdefault.jpg

Get used to more flash crashes the next few days.
Be vigilant, keep liquid.

This is not yet the peak for me I guess the price correction will go a long way. The value of bitcoin today just a way of coping up with the increasing demand and surely in the coming years more value increase will took place to bitcoin. I just want to enjoy this season and make some good harvest. We're not in bubble this is the way of bitcoin unpredictable and surprising!

That's just a dip. A correction will see us below 6k easily. 7k to 6,300 is just a minor dip, we saw that today in the space of an hour. Things will get bearish and suggest a correction when we go below 6k and maybe even below 5k.

Remember a couple of months back, we went from something like 4.5k to 2k...a correction will knock off potentially thousands, not hundreds.

there will be always a price correction since the right price this december was meant to be $7000 and I was shocked when the price right now is over $7000 so im expecting there will be a price dump anytime many people would sell their coins since the price right now is really floating .

There were a lot of talks that we are in bubble now, and I agree with that. There are too much buying and more than little selling or spending. It is possible that for now price hitted top, but I think that after SegWit2x and hard fork price will rise even more. But in the same time correction might happen, because of that I am not sure what to do. I'll have to decide fast.

That will only happen if there is a flippening, and either ETH or BCH take the top spot.

Still anything is possible in crypto!

Can you confirm that you sold all your BTC?

No i didn't at all.
Moreover i can't really see how this relates with my prediction of an incoming correction.
Since you ask, i've never sold more than 50% of my BTC stash and made good profit since 2013.

Apart from that, i think 99.99% of the buyers in the last months are now in good profit.
So i suggest them to lock that profit and wait.

In my even humbler opinion current situation closely resembles Sept 1st / 2nd.

yes, take profit when bubble is still heading up.
in my opinion the price can still touch $ 7300, before the correction happen.

No, $6950 is not the peak as price broken through $7000  and $7254 was reach and we expect this momentum to continue until we hit $7500. Correction is actually underway and that may happen from $7500. Bitcoin has returned thousand of dollars this year alone and those that have benefited from this progress are telling others, who after hearing they testimonies, will invest into bitcoin and this creates this bullish market, we are experiencing today.

Bitcoin is going mainstream, suddenly people who are computer retards and have zero knowledge about Crypto are asking my opinion about Bitcoin, how to buy them, use them etc.

Yes, there will be corrections, but prepare for more rapid growth.

The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.

We are expecting a correction since $5500 and now bitcoin is at $6900. Many did expect a drop after 25th October. But opposite to that bitcoin went more stronger. I believe global trust is building up for bitcoin as a currency and investment. This price rally isn't form within the community or a work of whale. But is actual demand increasing because of more attention of finance and banking firms. I believe this rally will continue irrespective of any fork this time.

Whenever the bitcoin price reached the highest point there most be a market correction which normally drop the bitcoin price down to the certain level. But even if there is a bitcoin market correction coming in the future I don't think that is going to hurt the bitcoin price that much. Market correction usually drop the price of bitcoin anywhere between 10%-25% which normally recovers within 2-3 weeks respectively.

I agree.  The market looks like it may be getting overheated in the short term.  We need a correction or some good consolidation in order to continue upward.  If we don't get that soon--if we blow through $7500 and then $8k in the next day or two, we will be risking a much greater correction.

Most likely after reaching a new all time high the price would go down in a few days. I believe the correction would be around $6300-6500. After Segwit2x we can expect a change in pricing.

I think $8K to $10K by end of this November followed by a sharp correction of $3K to $4K then above $10K by end of this year. Many holders will sell on the correction and miss out on bitcoin greater than $10K. Will be a wild ride but those that hang on will be rewarded.

I actually agree, the dump after all these massive pump will be massive aswell. There's some bear trap but the real correction will be coming very soon. However, there's no guarantee that it'll really occur since seeing back from the past experiences. I've encountered some cases that indicates no correction after pumps and one of the example is when bitcoin just reached $6000. It's stay for not a long time and continuing to increase again.

Breaking past $7000 we really are nearing peak. Once the price stoop down again it might be an awesome time to buy some bitcoin at price below $7000. I think the correction price would be around $6500-6800 but it might go down to $5500 if the whales cashes out their profit.

Only small corrections so far....

That's a bit far correction speculation and maybe the one correct price will be the result from it is at the 6500$ since bitcoins are almost reaching to 8k$ right now and maybe we can even see more after the said correction you said. But as for this to be occured we should speculate huge unto this coin so that we can see bitcoin touch to its another price level and this one could make us happy for sure.

Flashcrash incoming, imho.

No one has a crystal ball. Speculators may push bitcoin price up until just before the fork. Everyone believes there will be a sharp correction so it may be a self fulfilling prophecy. Price has corrected to the weekly 20 MA and recovered and may well repeat. Right now the 20 MA is at just under $4100. Because there is a significant chance we could see sub $5000 this month many are selling now to raise cash and placing bids under $5000.

I'd say it's very likely scenario that the peak of the price could be just before the upcoming fork which will then be followed by correction. Still I don't expect such sharp correction like some are predicting and I don't think it will last for long. But now this good flow should be used for the maximum profit and afterwards survive without a panic.

Watch out for tomorrow action.
be liquid.

In this case, however, those that sell now at $7K and re-buy lower (let's say at 5-6K, as it's difficult to catch the bottom exactly) will be the most benefitted of all. ;)

They would even do Bitcoin a favour: they would calm the "frenzy" a bit - and when it corrects, they will back Bitcoin with their buy orders and "stabilize" it.

However, I see 10K for next year, or 2019. Large corrections (7K to 3K would be over 50%) often take their time.

I agree with the overall sentiment that we're near the top - if it's on 7400 or 8xxx does not matter, it likely will be this or next week. The most clear indication for me is that markets are beginning to get nervous - there was a bit of "crash feeling" when it briefly corrected down to 6700-6800.

The same reasons that led the price of bitcoin to cross the line of $7,000, are those that could take it to $8,000 or $ 0k. Who knows? The markets are often capricious and usually unpredictable. I do not doubt that a major correction may be near, but that can happen well above the current price, not necessarily now.

Oh who killed that poor thing? cry cry bleeding all over the charts :D:D:D Anyone investing and entering into this territory already knows the risks, Correction is for a market with unlimited supply not for bitcoin, Now more people will start mining and the ones already mining will add more miners, Price will keep rising.
Why talking to yourself? :D

The uptrend of bitcoin in the long term has not yet been lost, but in the short term I expect the bullish movement is faltering and soon will reach its peak, and we still have the hard fork at the end of the month that no chart can predict, but in my opinion this is not a bubble (yet) and there is a real market behind that.

Correction is going on. Altcoins are recovering.

I guess the floor is around $6000.

Correct.  I was trying to be optimistic, and not an alarmist when I made my prediction of the correction potentially taking up to the upper 5K's.  But it could potentially be worse.  But again, I'd rather it happens sooner than later for reasons stated.  Otherwise people may think the entire thing was a scam from day 1, and may never recover...  but it will in time.

How severe the correction is is highly subjective, but I think just about everyone realizes that a bearish market is in the cards in the (very) near future... as in any day now.  I agree with what several others have said... if you're looking to maximize your profits here and move your money get a good portion of it out & liquid, and ready to jump back in at a moments notice once you think it's  bottomed out and is rebounding, because it usually happens quickly, within a day... within hours... even within minutes.

I expect the price to rise to $ 8,000, and that's more. Determining the peak is very difficult, the future is difficult to predict

It turns out you are right now it is 7K$ the price you anticipate is not far to reach this,I'm also waiting for hard fork but 3 days earlier.Such as 7K is already peak but circumstance must be uphill correction will occur,I have been thinking about this but was surprised not to believe this highest increase could inevitably lead to a sharp decline.

With prices so high because of the forks  news, everyone wants to make money from the money that will go out without giving effort.

Do you think ppl will hodl btc during the fork, to get the extra monies in case of a currency split?

If so, then price could easily jump way above the 7200$ where it rests right now.

i just believe the next correction will only cost a little drop like 10% or maybe below 20% so i can say safely that it won't crossed below $5,000 or so , that is my prediction , especially when the segwit2x not fail later in the next few weeks.

the price maybe will keep growing and the correction delayed until next year.

I doubt that a fix will be delayed. And it is not important. The main thing that these corrections have benefited. Bitcoin really requires modernization. However, this should not be a method forks. I support the idea that the miners have always found a consensus with the developers. I'm sure no one wants to hurt bitcoin. Just need to learn to negotiate.

Don't be even sorry and regretting on that thing. How about me? I did sold at different levels, $1000, $2000,$3000,$4000,$5000 so looking at the price now that's a big difference on the possible profit that I may get if I wasn't able to sold some of my stash. Phunixx is right, be glad that you sold at higher price and don't be like me though I have still some hope and bitcoin on hold let's be glad that the price keeps on moving and the correction happened a while ago.

As at  today bitcoin is still pumping up and we have to now see $8,000 as a peaks. I don't think we would have a significant corrections until  $8,000 resistance levels is broken. The price is still in the uptrend momentum and I have not seen a break below $7000 yet. Hope, we are buying as were we are now is still not a bubble and bitcoin may break  $10,000 before end of this year.

I think bitcoin is going to have big correction but I expect that we will see $10000 early 2018.

Did you see he value. As of now bitcoin value is ticking a 7150 USD only not a 8k USD dude. Whenever give the information about the day prediction means you have to check the value in preev or CoinDesk.
About value speculation, I think bitcoin will hit the 8.5k US dollars end of this year.
However, we cannot say anything sure in bitcoin since the bitcoin value so volatile in the price graph.

I checked the price now and it has even gone down beyond the $7150 mark and it seems its going down but I still expect the rise to happen in couple of days when the fork is really pronounced and at that time, the increment will likely be massive if the BTG which is yet to live to the way we expected could pull such amount of momentum, I expect SegWit should do better considering the amount of support its being able to gather till date.

I think we have peaked and correction is now starting to unfold.

You cannot underestimate the value of Bitcoin. Few days back also it was thought that correction is coming in Bitcoin but then again it jumped to $7,000+. So what can you say now it is possible that Bitcoin correction may happen and price fall back to $6,000 or it can also happen that Bitcoin sets new height touching $8,000. So, peak and correction are just estimations nothing else.

I don't underestimate it, but any market is cyclic.

I think that price action over the last 48h tends to confirm we have already peaked ( breaking down under 7000$ will definetely confirm imho ).
We're about 2 days later than i expected, but my opinion does not change.

Most of us do really make such things which we did able to sell off our stash not on the exact time but i would normally say that this is a usual thing because we are just humans we cant predict the future which would lead up on making decisions and later on we do regret why we do such thing and missing out on making some good money but as you said regretting should really be not on mind as long we do sell in profits then consider it as a good move and dont stress out yourself.We do know crpytocurrencies are volatile which price is really unpredictable.

Oh nose! It's getting lower we will be see $6,900 again any moment now. The correction is happening so for those people that wants to buy some more, go on buy bitcoin now.

And it will be starting to bull again after this correction so while it is quite early for everyone go on now, buy some at your own risk.

I don't know on how long this correction will takes place.

We need to realize that as the bitcoin price climbed from $4,400 to $7,598 in the past 30 days. It is massive gain and I am wondering if the decline just started.
Bitcoin gained more than a $3,100 within a one-month span. It is unheard precedence, people are worried that we entered a possible 'bubble area'.
So the next correction would not be mild - it would be a dramatic price crash.

Describe that dramatic price crash? I've seen the correction, I was hopeless when seeing it hit at $6,944 and now it's back at $7,110 so people are buying it and taking time to get more. An advantage is happening to those people who are waiting for the dip. But I know it's still quite early to celebrate or this is just an indication that we possibly see another ATH soon? Maybe after the fork?

It depends on your definition of dramatic. I personally don't expect the market to fall under the $5000 level any time soon, especially not with how bullish the entire market is. We shouldn't underestimate the willingness of people to keep holding their coins, even in situations where the market is getting dumped to the ground like there is no tomorrow. Sure, the market has gone up quite a bit already, which makes people automatically think that we're due for a correction, but the price has gone up regardless of all dump expectations. In normal circumstances that would be well justified, but we simply can't ignore the bullish sentiment that's stronger than ever.

We really can't predict what's possible to happen in the future and in times of satisfaction whatever the price of bitcoin by that time, we will sell. And the correction has come and everyone was quite disappointed and yet happy on this, as after the correction we know what's about to come. I do believe that we can now pass $8,000 and as Goldman Sach says it can go $7,900 and who's been waiting for McAfee's prediction to happen for the next 3 years?

This is just a normal thing on any investments, once it breaches a new record, it can be certain that a correction will happen next, since there will be a lot of people that will take profit from their investments, which is normal, since the reason why we invest to to make our lives easier, and about the crash that I've read on the thread, if you check and compare Bitcoin to the stock market, wherein a lot of crashes happen, one thing that differentiates Bitcoin, is that Bitcoin is decentralized, that a lot of people can invest on and makes it hard to manipulate, wherein the stock market, if you are not an insider investor, you will feel the crash of your stock, but in reality, the insider shareholders can manipulate the price of your stock, that's why you can see a crash, but for Bitcoin, there are no insiders.

Yes, there is certainly an ebb and flow to the price action.  The pop we had yesterday after the segwit2x cancelation was a little troubling in the short term as it certainly seemed like a blow-off.  The ensuring mini-crash that followed backs that up.  However, without the uncertainty of segwit2x, I think we may resume the uptrend in the near future.  We might need to take off some of the froth that has accumulated over the past couple of weeks, but I'm pretty bullish right now.

So we've peaked and correction is showing up already.
As i wrote 9 days ago i was expecting more flash crashes and overall a 1000$ + correction at least.
Both happened already.

Currently price is about 6500$ on Bitstamp and some reaction should build from here to about 6350$.
You may choose to ride the upcoming rebound, but be extremely careful.

People aim to buy back in the dips, after reach the peak, bitcoin always get corrected, slowly or significantly within days/hours.
The time has come, bitcoin price falling down from $7888 to $6500, people have withdrawn their investment from bitcoin for now.

On the other hand, bcash price suddenly gain huge value again, over 50% increases today, maybe traders and investors have reallocated their funds into bcash.

I thinks that's just a "pump". Same applies to BTG.
That's the reason i'm liquidating my BCH assets from 0.12 up.

Bitmain is just going to dump BCH

BTC is close to rebound imho.

Look into 6350-6380$ area for a very early entry ( if you dare to ride it ).
Be cautious.

Unconfirmed transactions going up on BTC.
70K 12 hours ago, > 100K now.

Now that the fork has been cancelled i think this changes the entire outlook of how bitcoin is going to perform. Right now obviously we're seeing increased support for bitcoin's forked counterparts which i think will be a temporary phenomenon.

Price in the past few hours have stabilized in the $6500-$6800 region.

Could potentially lead to a bigger pump tomorrow or even on monday.

no correction will take more than 2 days and may be pay to rise again next friday (price may be back to 6,000$)

Bitcoin price hits 7000$ in this month. But it do not last. Now it is dropping. I have read another topic saying bitcoin will not reach 8000$ because of the "correction". Maybe he / she is right about that But I still beleive after that bitcoin will pump again and reach 10,000 maybe before the end of the year or early 2018.

This might be all because of the increased selling order of bitcoin based on the ongoing price drop. In my view I feel bitcoin correction happening in the large scale compared to the past time. Now the same has caused the switching from bitcoin towards bitcoin cash leading to a big growth in the market capital as well price of bitcoin cash.

6339$ on Bistamp.
Rebound about to start imho (as long as 6300 holds).

EDIT: i mean rebound, not correction over.  This is likely to be a ABC correction. So be careful when riding it.

Dude just buy back around $4800-$5400 and that's it. This is the buy zone you should have an eye on.
Everything else right now is just playing dump and bounce until we hit that level.
Set your orders and take a few days off. Go out, breathe some fresh air.
We had another massive run and this will be the 5th correction of 30-40% in terms of size.
Then we will go up and continue the bullish ride.

Why not taking advantage of dips / rebounds along the way?
I've already set my long term orders a while ago, i'm just riding this upmove a bit ( 5-7% gain target, eventually ).
we're already 200$ up, a trailing stop will deal with it at no risk.

I'd say A leg down completed.

Transaction fees to ATH:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Unconfirmed transactions still high ( > 120.000 ):
https://blockchain.info/unconfirmed-transactions

We have a problem (again).

The best time for altcoins have high liquidity like Ethereum, Dash, Ripple or Bitcoin Cash ::)! Monero is also a good choice for currently, but I think about the confirmation time and transaction fee, Ethereum and Ripple are better than other cryptocurrencies.

I think this problem is highlighted by the sudden shift of some bitcoin holders to bitcoin cash big blockers in the last few days plus FUD's. But when I look at the price, bitcoin already is rebounding. But as far as unconfirmed transactions, this has been with us for the last couple of years that's why scaling debates has been going on as well. I think this is a good case for some to move to Altcoins like ETH and Monero. However, I still believed that the foremost thing here is to make profit. That's why investors are still into bitcoin ecosystem.

Confirmed.

This rebound has quick pace and short legs so far.
Struggling at 6500$ ?
Hmm.

Bitcoin is pretty much useless for small transactions now, but people are still holding it because they see potential for price appreciation. It has become like gold - A good investment but not much of use otherwise. Just use different alts to transfer value.

All those unconfirmed transactions are building the end of bitcoin. Community must find a way to solve this problem.
Tx fee is also huge for now. And this is unacceptable for business. So this correction will not stop until a hardfork.

with these high transaction fees i bet a lot of people hodl even though they didnt want to

6900$ reached, at last.
Even if it breaks 7000$, i can't see it going any higher that 7300$ ( i'd say that inverted H&S is unlikely for now ).

We may be close to completing B leg up.

EDIT: 6970$. Liquidating the coins bought at 63XX$. Close to oversold, declining volume and divergence showing up already, let's see ...