Bitcoin Forum

Hi, after the fast pushing of bitcoin price last days ( which bringa it to >11k $ ) an analysis reports that a pullback correction is still possible with 10k$
To read the full report : https://www.coindesk.com/adrenaline-rush-over-bitcoin-eyes-12000-but-correction-possible/

Much lower than 10k. Lots of people are going to be shocked.

What's new? people and big investors wants to give this type of analysis so that many will buy this thing and start selling their coins. And when it all happens, that will be the time for them to buy more bitcoins at the lowest price that it may dip. This has been their technique and remember the FUD thing that Dimon has spread and now his company starts to bitcoin.

Looks like you are another newbie account trying to bring down the price and trying to speculate with fud, you are not going to go anywhere dear.


The price is not going to drop for now, so dont think about it anymore, because it is not going to happen.
Maybe it will have a correction, but why do you think that it is going to drop below twelve thousand dollars? it is almost impossible. And if it happens, it is not going to be a "big crash" because $10k are just a 20% of the actual price, which is nothing.

Just look over the charts from a few months ago, a 20% of the price when bitcoin was $2000 were just $400.

11,000 - 10,000 = 1,000

It's just about 10% of the value. No problem for Bitcoin, a correction is for 3-4 days only lol. As usual, people in hurry will sell their bitcoins asap and other will use the opportunity to buy more bitcoins for cheap and sell when the price comes back. Then the next week the price increase by $1,000 or $2,000 :D

They are just really trying to dump the price of bitcoin so they can buy more but well we can't stop them from doing that and instead grab this opportunity also to buy more bitcoin. But in the end bitcoin will keep on soaring. Correction will surely happen and don't be scared just keep on holding.

we have already had one correction after the push past $11,000 where price dropped properly below $10k even. it is impossible to see a correction every  day when the same price is reached! currently price is headed up, and as you can see today, it already past $12,000 too. now you can start thinking about a correction although the rise was tiny because it was less than a 10% rise.

i personally believe we will see the correction when we see $13k, either breaks above it and comes down or tries to break it and comes down. anyways there is a $200 wiggle room there before the correction starts.

therefore for traders must take the opportunity they have,
before the correction occurs,
if we can take advantage of every $200 friction you say,
the benefits can be very visible and may be exploited before the correction

Well, there is a peak altitude, and now there will be a swing up then down, until again sharply upwards. But the end of the year is sure to be a stop or a recession, so you need to prepare mentally.

maybe!
the $10,000 price proved to be a nice resistance last time it was tested and price dropped below it. and it acts as a psychological price level where people choose to buy below it and sell above it. something similar to $1000.
but nothing is certain with bitcoin, it can change just as fast if the newbie panics start. and right now market is growing too fast and it is filling with so many newbies who are not familiar with bitcoin swings and many will not be able to comprehend a 20% drop is perfectly normal and that can lead to a bigger drop when they panic.

If you do of trading,you should  ready to see the all value.When the price of bitcoin is raised sell the bitcoin and when the price dump to 10000$ means,buy huge amount of bitcoin.

Correction is definitely going to happen, no doubt about it. Every single pump has been scattered along with pullbacks and corrections, and nothing ever goes up without any corrections.

It just doesn't happen like that in the history of investing. The thing that matters is the extent of the correction/pullback, in my opinion. Is it going to go back to a pre-$10k era or is it going to experience a correction but stay on top of the $10k level?

Personally, the correction is only going to be a short term obstacle in the long term bullishness of bitcoin. Take advantage of the correction by buying into btc.

What's the big deal, Correction is always present when Bitcoin touched a new high, it is definitely normal for me and after all that should not be a problem because Bitcoin always recovers from the price correction. Price dip is possible, with a large amount of people cashing out can also affect the price of bitcoin and that is normal, you just need to be alert when the price correction or the mass cash out is happening ( which is , for me is really hard to do and its impossible to know when the price correction and mass cash out is happening) , create the opportunity on this hype, Bitcoin's price is high and Price dump could happen anytime soon.

Bitcoin is almost near to $13,000 but nobody knows exactly what would happen. I am at strong hope to see bitcoin more than $13,000 soon.
Whales investors are always looking for moments when bitcoin touches higher and then they spread such incognizable news.
They want to take profits from bitcoim surge  by duping small investors like us into loss similarly as they doimg this strategy simce a long time

I also support this point of view. Bitcoin correction price will be close to 10 thousand. i do not believe that its price fill fall up to 9K or even less.

Correction of price is something that will happen regularly after big price increase,and it should not be seen as something bad but on the contrary as good thing.Slow growth is always better and healthier,but for traders such big pump&dumps are an excellent opportunity for profit.

What most people are interested in, is the moment in which the correction will take place so they can dump BTC at the highest price and then buy when it reaches the lowest level.Next correction may be at 13k$ or 15k$,only one big whale dumping his coins could be causing this.

Nothing new in CoinDesk prediction,I also think that we should not go lower then 9000$ on next correction,and it would be good if we can get strong resistance at 10 000$.I would be happy if we end this year with 10k$ and then go strong in next year.

Overbought ? Yes definitely,but it's not the time yet to see the correction.
everything that goes up someday will face the downward no matter what for example Bitcoin right now,
if we're seeing it from normal sense we might be think that Bitcoin is overbought and definitely will face a huge downward in upcoming days,
indeed we will face it right now but it's not the time yet to see it because we should make an unpredictable move,
the whales taking profit from the take off and another way to make a profit from the downward.
they will push the price to its peak and then make a huge retrace at the same time,
just look at it right now,we're hitting $13.000 and getting closer to $15.000,
do you remember when people said we will hit $10.000 in the end of this year a few months ago ? we're expecting it,but in reality ?
we're hitting it in the next few weeks,
which mean we might be can see another huge movement in upcoming days until the end of this year,
but at the same time we may be can see a huge retrace afterward.
bringing it to around $10.000 is a possible thing and even we may be can see it for more or around $7000.
remember when is the time we got this move ? and of course right now Bitcoin still don't deserve it(current Bitcoin),
it's just too fast for it and i believe it may affect its growth in the future

I don't mind getting a correction and pulling back the price to $10K. Are you kidding me? $10K is still a strong price in my opinion. However, I haven't seen a correction and it there's one already, the market reacts, buy bitcoin again and push the price to almost $13K now. And its just normal to see corrections isn't it. It's not something that we don't see in the market. This year alone we have several pullback and retracement, but bitcoin shows it can rebounded from all of this corrections.


LOL. You are either a troll or an alt. Creating FUD has no effect on the people now. With all the financial institutions getting on the side of bitcoin, a correction of $8K is a long shot. To bring the price to $8K, a couple of big whales should have a coordinated plan to sell at the same time causing panic and pull the price to $8K or even lower. But I doubt that they will do that right now.

6k?

I don't really think we are getting back to that price but if the price would go down further than $10,000 value then I think it will be on the $9000 something mark only and will not go down any further, I think this is because of the fast track that bitcoin attain in the pumps that is why we are setting a new safe zone right now, but I really think after the end of the year we can see the $18,000 value.

There may be a dip or flash crash - but there are so many people buying on the dip, that it always seems to bounce back up.

I personally think there are lots of hedge funds loading up, prior to the CME futures being released. Then they'll go short on ythe CME, and simultaneously sell their bitcoins in the actual exchanges, to force the price down...

If it go to 6k, it will only last 10 minutes. People will fill it up very quick.

Lower than 10k? I doubt it, that will be the lowest dip that I can think of now. Are you shocked now that the price is near to get now at $13,000? I don't have any fear with corrections now, that is just giving me a lot of confidence that I can have more bitcoin during those times. It's always better to have those buying moments at dip and let these corrections come but I doubt that $10,000 is the lowest dip.

In my opinion, Bitcoin's price at $10k level is the support or the new zero/starting point of some investors who have just realized the true value of bitcoin recently. Surely, there will be FUDs to be released anytime soon by the whales that might affect the price to dip but of course, we have to ride with the whales for us to profit.

Lots of people have been discussing this for couple of days, but no correction happened in the market. Despite all, the price went up even further than $13,000 and caused an effect on the world.

I think a lot of people are waiting for the dip to happen to enter the market. That a slight correction below 5% is a opportunity now that's why we haven't seen any correction so far. It will rebounded again and even reaches new heights. Right now we are knocking at $13K and I have a feeling that we will not see any corrections this month because of all the good news and the bullish feeling of most of the investors.

short correction and fast growth more than 2000$ added to bitcoin price.

more than 10,000$ euro and nothings down

You guys are really kidding me right now. If you get a correction to the point of $10k right now, you should be happy to get at a very good value because that is some pretty good level. But 6k ?

You can only get that in your dreams as you won't even smell it ever again. The only thing that would make bitcoin even go lower than $10k hugely right now would be a FUD which from what I can see, is not even making any impact anymore. If you see a triangular formation at $12k, you better buy.

It didn't take long for the analysts to end with egg on their faces. Sure, they put in enough disclaimers, but they wouldn't have thought Bitcoin would head towards $15k (almost there now), in spite of the great run it has had in 2017. It is a pure momentum play, and the impending Bitcoin Futures have given the rally legs.

Yeah, that has always been their intentions and they are really having a bad day as it is not really making any impact.
What they are doing is to use their position to create FUD in the minds of investors, so that once they get some huge profit, they can quickly dump. Bitcoin has grown stronger than that and for those looking for huge corrections, they should better not be too relaxed waiting for it and missing the point until bitcoin hits a higher state than they can imagine.

Well if they keep on trying to dump the price of bitcoin and look on where we are right now. The price reached $15,000 and even those people are trying to dump and make the price of bitcoin down again it seems that they are losing the battle against it.