Bitcoin Forum

Economy => Speculation => Topic started by: breedingsuccess on December 22, 2017, 03:55:14 AM



Title: Who can call the correct bottom for BTC's current correction?
Post by: breedingsuccess on December 22, 2017, 03:55:14 AM
This will be interesting to see where BTC's current correction stops. Using Coinbase's data chart, I'm calling the bottom of the correction: $11,400.

Anyone else?


Title: Re: Who can call the correct bottom for BTC's current correction?
Post by: vit05 on December 22, 2017, 04:54:09 AM
12k. It is too expensive to move the coins. So some exchange will hit a floor really low. Lets see who is the lucky one that will buy on the botton.


Title: Re: Who can call the correct bottom for BTC's current correction?
Post by: timerland on December 22, 2017, 05:28:48 AM
This will be interesting to see where BTC's current correction stops. Using Coinbase's data chart, I'm calling the bottom of the correction: $11,400.

Anyone else?

I personalyl believe that for this dip we've already seen the bottom at around $14000 or less. I seriously doubt that you'll be able to find much better buying opportunities in the period of this week to next week, since BTC basically already lost 30% of its original value.

I don't see a reason for the rebound to not happen.

Bitcoin is still bitcoin, nothing has changed. It's just that the price has risen so high that people are taking their profits for the moment before reentering at a lower price, and that has caused a panic dump apparently.


Title: Re: Who can call the correct bottom for BTC's current correction?
Post by: breedingsuccess on December 22, 2017, 03:39:39 PM
This will be interesting to see where BTC's current correction stops. Using Coinbase's data chart, I'm calling the bottom of the correction: $11,400.

Anyone else?

Man, if that was the bottom, then it hit $10,400. That's wild. I was $1,000 off.