Bitcoin Forum

So the world wide hype machine kicks in, money floods in, goes to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?

Long term I am 100K to 1 M all the way but interested to know your thoughts.

we should remember the fact that right now the price is 'quite' high,
if we're talking about its real value i never doubt it that it's surpassing this level.
but bear it in our mind that it's a 'new thing' in our life and for people transition is a something that we need to consider carefully.
so i believe the price will not surpass $15.000 or reaching that level and the correction happen,
a year ago altcoin get pumped so hard and moving 5x~10x from its average price,
after that Bitcoin price moving upward like crazy without showing a long downturn.
which mean next year we should see the price consolidating around $7000 more or less.
but,everything can be happen with it.

I see two possibilities. Falling back with a 2k-3k decrease or growing like hell. I think it all depends on mass media.
10k is a milestone and a symbolic number that can make mass media talk all the fuck about BTC bringing more and more people into the game.

We are at point of no return. User adoption is just huge right now. Lots of new money coming in organically from new users so buy pressure is immense. Not to mention that institutional investors haven't even started piling in. Granted there might be a crash soon back to $8000 or so but just as the crash a few weeks ago it will be very short lived as there is just too much new money coming in to Bitcoin. When ETFs get approved and hedge funds start listing Bitcoin...forget about it! Bitcoin is starting to achieve escape velocity. Expect a decent possibility of 2018 blowing away all your predictions. I'm talking about the possibility of the $5000 gains this month becomes a pretty normal thing next year (with a few down periods mixed in there), could very well be on the other side of $50k a year from now.

I really hope it would go back to 5K so that I could buy a lot more. However I also realise this is probably what everyone else is thinking - hence it won't correct back to below 10K easily ....

The value of BTC during this last week of November is really quite staggering as we have some setbacks during the 'BCH issue' and I never expected BTC to surpass the $10K mark before December. I was really amazed as how we are going now and I do believe that this is just a start of a great journey. I wonder if we will really see 1M but for the next 2 to 3 years I believe that it's possible we'll be in on 100K. And yeah, before all of this go to a really high value there will always be little up to major corrections, which are really normal and is part of the cycle. Considering all things (attacks and/or whales' price manipulation), maybe we will be back to as low as 6K before we rally to 15K.

It doesn't really matter much how far we'll fall back. Fact is that if we currently would reach the $3000 mark for the first ever time, people would be similarly excited and bullish with how the market performed.

If we go up all the way to $20,000 and maybe even beyond that, to later correct deep under the $10,000 mark again, it's all part of the game. If current increase is purely the result of short term speculation, then it will come down.

If it's speculation combined with actual adoption throughout the world, we'll come down too, but in a far less dramatic way, and the recovery would then be relatively quickly too. I am fine with anything.

Bitcoin easily captures new heights. It seems to me that this may not be the reason for the increased demand. Such jumps up are clearly artificial origin. But I like it. This attracts the attention of new potential users and therefore the price has rolled back down not far away. I hope that this will never end.

bitcoin price starts increasing from 2015  till today (Less than 500 days) which many bubbles take it before a huge crash.

Price will increase with a small correction.
 we will wait until first 500 days end after that bitcoin will be either bubble or future money.

example (Mortgage Crisis)

Personally I think this is a point of no return, bitcoin is not going to decrease in price that much, the attention of the media is going to be on bitcoin and in my opinion that will create a frenzy over bitcoin and it is possible we re going to see a bubble forming, I do not think we are in the bubble yet but if things keep going in this direction I think we may reach the peak of the bubble in 6 months.

Long term speaking the market will continue to go up, but people here mostly only care about the short term, and that's something even for the most experienced users here is impossible to guess. The only thing for people left to do is to either cash out some profits, or keep holding. I go for the latter, while admittedly it's quite tempting to cash out at current levels. I prefer not to, and from here I solely focus to benefit from a potential correction to buy up even more coins. What looks like a great selling moment right now, will make you feel bad that you have sold a fair number of months later.

Do not except it to become 40 000$ overnight. Price has boomed, it is a fact you can not deny, and maybe a bit too quick. For now what I think what will happen is that it will not retract to 7000$, it is too low, we will not lose 4000$, it is impossible. However retracting after some time to 9000$ sounds to me like a realistic option.

What does adoption even mean anymore?  Does anyone use Bitcoin? I do, but every time I do I remember how much of a hassle it is to use!
It takes ages to confirm, fees are high, unless you have your wallet on your phone, you can't scan an address, so you have to write it in.

People don't even want Bitcoin to be a currency, they just want it to be worth more tomorrow than it is today. The whole HODL bollocks shows that. Instead of HODL how about go and spend some of your Bitcoin, then buy more!  That is a bitcoin economy and is of worth, digital gold is just digital gold.

I am amazed at how easily $10 was breached, and $11k a few hours later. The price rises by as much as the entire January 2017 Bitcoin value in a matter of hours now. The market is broken, I as a holder am happy with the price rises, but nothing justifies the price now as far as I am concerned, I expect a fall, I won't be happy if and when it happens, but I expect it.  It would have to fall 80% now to get back to March levels, I was happy with the price in March too! Anything is possible, up or down now.

The truth is no one knows. If we all know what would happen next, I bet all of us will be making some pretty good trading decisions to take advantage of every opportunity, corrections and bull runs like this. If it is the worldwide hype, then we should probably expect a huge one, but I doubt we have gotten to that moment yet. We should still expect a correction in a short while, but how huge the correction would be is what no one knows.

We touched the ten thousand dollars barrier and everything is much more different right now.

Just look at the other weeks, or just a week ago, a lot of people were talking trash about bitcoin and about the price. Now that it is upto 10k, everything is like flowers in this forum.

I dont like to see the price at this kind of ENOURMOUS rates, but it is fine, we all want to see our portfolio going up. But yes, it seems that it wont be going down because people want to keep the price on these levels.

In just less than a month the total marketcap of all cryptos went up by more than 70%

It is totally logical to think that it might drop back to $7k anytime as it already dropped to $8k yesterday and moving back to $10k+ again today. So it is totally unpredictable when it comes about the price of Bitcoin. We see the movements, and we say, "The price will keep growing" or "It will drop again soon", but most of the times, what we say is the opposite of what happens, and what happens surprises all of us every time. We should just always keep in mind that, if something can touch the sky in a month, it can get back to the earth in a half, but it is also not supposed to happen to every 'thing'.

No they won't - they'll be wailing away about how bitcoin has fallen 70%. That's what happened in the last bear market of 2014-2015. Lots of people genuinely thought bitcoin was dead and sold their coins at a loss.

Nobody expected the surge to happen so quickly. Nobody will see the drop coming.
All the same, I am pretty surprised to see the tame reaction to the Bitcoin futures getting approval. I would have expected that the price will shoot to a new high, once this news came out.

Asia was asleep when the news came out.  They have not woken up yet.

I say it would almost look like that because of this fast uprising price that is unstoppable that it almost reach $12000 but suddenly it fell down to $9000. That's why i believe it will drop to $7000 to $8000 depending on the price correction.

Yeah, 10 000$ is indeed a psychological milestone. For the long-term, which is by 2020 - two years is an eternity in Bitcoin - I call for something like 50 000$. Anything under shows you do not get all what will happen in two years and above shows you are too optimistic.

Since bitcoin reaches $10k before year end, it couldn't be possible to fall back. Because we knew already that bitcoin and the whole crypto is almost taking place fiat currency, and their is any possibility that bitcoin will become a widely used by the people in all transactions be made. This could be the reason that the demand of bitcoin will continue increasing and automatically affect it's price in the market(high).

Clearly. It is breaking all TA charts, its just amazing.

We cant speak of pre-10k prices anymore. I know, some of us want it to buy more, but we have to content ourselves with a 10k floor now. It is possible, it is forming already. When CME kicks in, this will be the dip.

But the correction is already over and now the price is rising again. The correction didn't last more than 2 days. It is a sign that, the price cannot fall very much. We will never see prices such as 7000 and 8000 dollar again.

Bitcoin already touched 11k and now it is close to touch 12k, stop waiting, bitcoin is not going to go back to those prices unless something really terrible happens, this is real growth that cannot be undone that easily, bitcoin is not going to wait for us, so you either buy now accepting the fact the price is high or you lose the possibility of earning a fortune in the future.

Yeah.

10,000$ now is indeed a point of no return. Since it got trough 10k it has never got back down.