Bitcoin Forum

Economy => Speculation => Topic started by: Mahdirakib on November 14, 2017, 12:39:15 AM



Title: Is the btc price correction done?
Post by: Mahdirakib on November 14, 2017, 12:39:15 AM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


Title: Re: Is the btc price correction done?
Post by: p0wrnflakes on November 14, 2017, 01:32:39 AM
It's not over yet, that's for sure :)


Title: Re: Is the btc price correction done?
Post by: Yaunfitda on November 14, 2017, 01:45:11 AM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


There is no such thing. Corrections always happened. As of the moment though, it looks like the panic selling is over, because bitcoin has somewhat recovered and even altcoins. They are all green currently. We don't know if the money coming in to bitcoin has stabilized because investors are constantly shifting between bitcoin and bitcoin cash. Let give it another day or 2 so if it somewhat "stable".


Title: Re: Is the btc price correction done?
Post by: fabiorem on November 14, 2017, 01:57:01 AM
No. It is not.

We will have more FUD next weekend, always when the banks are closed.

Stay tuned for more fork drama.



Title: Re: Is the btc price correction done?
Post by: alyssa85 on November 14, 2017, 02:11:09 AM
Nope, it's not over.

The mempool is still over100,000, see

https://jochen-hoenicke.de/queue/#24h

And people stuck within the mempool, having paid a high fee and still finding their transaction unconfirmed are getting disillusioned. The longer this goes on, the more disillusioned people there are. And the more disillusionment, the more likely that these people will write off bitcoin and move to an alt.


Title: Re: Is the btc price correction done?
Post by: traderethereum on November 14, 2017, 03:22:59 AM
i think the drama is not the end because i think there is a chance for bitcoin price is getting down again and maybe in next month bitcoin can be increase. i think if we can used this chance of the correction price, we can make profit too like others and no matter the price is up and down, we can still having profit. but yes, when i see in the blockchain, there is a large transaction that needs to be confirmed and until now the list is become bigger.


Title: Re: Is the btc price correction done?
Post by: cipher-x_09 on November 14, 2017, 05:40:27 AM
Not yet which is why the people are panicking and are shifting towards bitcoin cash, regardless this tend to happen most of the time because of the price of bitcoin is not stable and right now bitcoin price is at it's low but take note it is not as low as you think if you would have compare the price of bitcoin in the previous years.


Title: Re: Is the btc price correction done?
Post by: Wind_FURY on November 14, 2017, 05:53:25 AM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?


You will never know with Bitcoin. Sometimes it climbs really fast without warning. But to be safe you want to buy in these times of doubt. The lower the price drop, the better. I always advice everyone to buy the dip and hold onto to their coins with their dear life.

Quote
Or it's time to see the price to the moon?

What you really want to happen is for Bitcoin to fall more to give you more opportunity to buy.


Title: Re: Is the btc price correction done?
Post by: panju1 on November 14, 2017, 06:53:25 AM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


The emotional reaction after Segwit 2x was cancelled is over. Now people are thinking hard about what are the implications if Bitcoin does not scale. If some positive noise is made about the Lightning network and other scaling solutions, we may stabilize at these levels.


Title: Re: Is the btc price correction done?
Post by: NorrisK on November 14, 2017, 07:19:21 AM
It went close to what I predicted a few days ago..

The dust has settled after the cancelled fork and those that only got in for the fork are long gone. They are coin flippers, they don't stick around for days.

I think the correction is over, though swings of hundreds of dollars will remain for now.


Title: Re: Is the btc price correction done?
Post by: illinest on November 14, 2017, 07:33:35 AM
It's not over yet, that's for sure :)

^^ This is the consensus opinion. I have to admit, my gut reaction is to agree. But I have two thoughts on that:

1) Everyone is seeing the same thing. From the momentum traders to the EW traders, most people see a 3-swing correction coming -- more downside after a bounce. "Everyone" is usually wrong in my experience. That is, if everyone thinks they can buy the dip, there is no dip.

2) The log parabolic structure: The $5400 low was damn near perfectly placed. A bounce and another leg down will start threatening the entire structure, suggesting that the rally is over. At this point, every move up and down should be getting more and more volatile, faster and faster. That's the nature of a parabola. Accordingly, I suspect there won't be another dip before new highs.


Title: Re: Is the btc price correction done?
Post by: timerland on November 14, 2017, 07:37:20 AM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


What happens in the short term in my opinion will not affect the long term mechanics of bitcoin. The price of bitcoin is really destined to go up at least until mid to late next year before a real correction and a bear market sets in.

Right now yes, the price correction for short term is done and we're looking at another bull wave.

We'll probably hit 10k by the end of the year, no doubt about that.


Title: Re: Is the btc price correction done?
Post by: Pursuer on November 14, 2017, 09:32:08 AM
I don't know why every other  comment before me said it is NOT over where it seems to be all over now!
price literary crashed down to $5555 and after that it has been rising and has stuck around in $6500 level which is 10% below what it should be!

additionally the bitcoin cash drama has officially ended as the price of BCH started crashing and that is only getting harder day by day. currently at 0.19BTC or $1250.
yeah if BCH could keep its price up at 0.3BTC and keep rising at least to 0.5BTC without this reversal then you could say it is not over but BCH is falling and with its difficulty rising ridiculously high things will get bad over that chain.


Title: Re: Is the btc price correction done?
Post by: ask on November 14, 2017, 09:44:56 AM
I cannot say its done. Its just taking a breath. In my opinion we will see under 4000$ level for a strong correction.
This was just a reaction to hardfork delay. We must see under 4000$ to go over 10000$ level.


Title: Re: Is the btc price correction done?
Post by: berkk on November 14, 2017, 09:50:55 AM
It went close to what I predicted a few days ago..

The dust has settled after the cancelled fork and those that only got in for the fork are long gone. They are coin flippers, they don't stick around for days.

I think the correction is over, though swings of hundreds of dollars will remain for now.

This guy knows whats up


Title: Re: Is the btc price correction done?
Post by: pealr12 on November 14, 2017, 12:09:52 PM
No , the price isnt correct yet.  It should be $10,000 for bitcoins price and 400$ for ethereum that will be the correct price for this month. And for other altcoins price is always declared by whales.


Title: Re: Is the btc price correction done?
Post by: ahmadakbari on November 14, 2017, 12:19:18 PM
In my opinion, the price might drop in coming days, But I don't think the price fall will be very significant as everyone who wanted to take the profit after price rise or had panicked has sold the coins till now. So I don't expect the price to fall very much even if the correction has not finished.


Title: Re: Is the btc price correction done?
Post by: sunsilk on November 14, 2017, 12:25:08 PM
What do you think guy's?

Is the btc price correction done?
It's done for this moment but it can happen again in the near future when there are unexpected pumps that will make bitcoin's price increase massively again.

Or it will go down again?

Expected that when bitcoin's price increase there will be a down after it.

Or it's time to see the price to the moon?[/b]

With good news that are coming out about the CME, this is a possibility that is about to come so just keep on tuning in.


Title: Re: Is the btc price correction done?
Post by: teilwalL05 on November 14, 2017, 12:39:11 PM
The Bullish trend was call on a halt after some FUD have been brought up in the Forums and because of this BCH issue had pump in a higher place right now but the bitcoin price had pump and recover again I think we are finish with the correction right now and bitcoin was back in the more suiting price that it should have,


Title: Re: Is the btc price correction done?
Post by: SixOfFive on November 14, 2017, 06:26:41 PM
I think correction is done...Price is now seems to be stable at about $6500 from last 2 days. A positive trend is seen in last few in BTC pricing which proves that panic sellers has already exited. Only those who believe in BTC are left, so there is quite a less chance of dips anymore. I take $6000 as a the strong base price and hope it makes a new high soon.


Title: Re: Is the btc price correction done?
Post by: minersday on November 14, 2017, 10:41:11 PM
I think that it is done right now, just look at the recent prices, it has been fluctuating a lot, and i really think that all this mess is over because i dont see any fud over bitcoin and bitcoin cash, so maybe it is over for now.
but i read in another discussion in there about that bitcoin was going to receive another attack tonight, i am not sure about this and i know know if it is true, but if it is real, then bitcoin will go down for some hundreds and bitcoin cash is going to have a brand new pump again.
But i am sure that bitcoin cash will go down so fast.


Title: Re: Is the btc price correction done?
Post by: aardvark15 on November 14, 2017, 11:30:48 PM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


Its hard to say but we need to be prepared either way it goes. I like to always expect for a price drop because something can always trigger that such as a government regulation or a problem with an exchange. Fluctuations are common because cryptocurrencies are so sensitive to any good or bad information.

We are at a point where weve seen a drop and a small rebound so it could keep going up or we could see a double bottom. The thing I focus on is that I believe that the price will eventually recover at some point.


Title: Re: Is the btc price correction done?
Post by: BlackPanda on November 15, 2017, 12:08:07 AM
I see all this as normal, indeed over the past few days we have seen that there is a considerable decline in Bitcoin prices, but overall we can conclude that the price of Bitcoin has returned to the normal treck. Some people have experienced panic and this is a natural thing, so this is the time to make a positive improvement to the Bitcoin trend, Stop panic sell because it will only make things worse. I would prefer to hold and now is the right time to buy Bitcoin. Give more confidence to Bitcoin and we will get a better impact. I am still optimistic that by the end of 2017 the price of Bitcoin could exceed 8000 $ and this opportunity is very likely to happen.


Title: Re: Is the btc price correction done?
Post by: John Langut on November 15, 2017, 12:19:54 AM
Maybe Bitcoin and Bitcoin Cash will continue to coexist, with Bitcoin Cash gradually taking on a larger role since the  mining profitability is about the same now but the transaction fees are much lower. The consequence is that Bitcoin has to surrender part of its value to Bitcoin Cash.


Title: Re: Is the btc price correction done?
Post by: kimochidesh on November 15, 2017, 09:09:54 PM
BTC fall was just temporary. In last 24hrs BTC gain about 10% and it is again on $7300 approx. Segwit2x cancellation just brings a correction and created an opportunity to buy BTC at the lower price. Hope many of us have taken the advantage of this situation.
BCH has lost about $300 in last 2 days and again come to $1200. BCH buying was just a FOMO and trendy. BTC has a long way to go and grow.


Title: Re: Is the btc price correction done?
Post by: buwaytress on November 15, 2017, 09:33:40 PM
BTC fall was just temporary. In last 24hrs BTC gain about 10% and it is again on $7300 approx. Segwit2x cancellation just brings a correction and created an opportunity to buy BTC at the lower price. Hope many of us have taken the advantage of this situation.
BCH has lost about $300 in last 2 days and again come to $1200. BCH buying was just a FOMO and trendy. BTC has a long way to go and grow.

Yeah, I'm glad I waited one week to sell a significantly desperate stash. Going to have to pay about $40 in late bills payments, but I gained a couple of hundred dollars just by waiting from 6100 to 7300! Not exactly my proudest moment of self discipline but I was so certain the sell off was just too sharp.

Also, I doubt it was really the Segwit2x suspension... after all, it was supposed to mean good news, surprising as it was to most of us (or to me, anyway). It was the unexpected blowback from angry miners and supporters... Bitcoin Classic group and all that just rushing over to BCH and carrying their hashpower with them.


Title: Re: Is the btc price correction done?
Post by: Febo on November 15, 2017, 09:35:41 PM
What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?


The last correction is done. But there will be new corrections in future. That is how it is. But long term BTC is going up and should go up for next few years.


Title: Re: Is the btc price correction done?
Post by: dead_m92 on November 15, 2017, 10:15:17 PM
Yesterday bitcoin was below 6700 each one and i said that it was going to be over 7400 by today, i am happy because i know that my prediction was fair.
This is incredible, i dont know how much will bitcoin rise in the next days, i am still waiting to see a new all time high but i am sure that it will happen in a few days from now.
Bitcoin needs to drop a little in order to be in a little bit more safe zone, but yes, we are fine at those rates and we all are expecting to see it going up again, the correction is probably done at the moment.