Bitcoin Forum

The Bitcoin correction seems too far and too quick . Hold ? Or sell and buy Bitcoin Cash? Or BTG or BTH? Any suggestions ?

Now it is too risky to sell because we do not know how far down the bottom is and if this is the bottom you might get priced out. The time to sell was a few days ago and many of us missed the boat. The whales coordinated a big attack to all sell off at once across the board. Now if you have any spare fiat cash, now might be a good time to purchase more Bitcoin, Bitcoin Cash, Etheruem and some of the other big coins that have fallen drastically in price over the last few days.

Dont sell now, just buy, this is just a paranoia scenario, every one is trying to sell because they are afraid of losing more, but in fact they have already lost more than a 40% if they bought at the ATH.
Dont be so dumb, dont sell now.

Just hold your bitcoins I hope the condition will change after the fork which is going to happen on December 28.Don't buy BCH or BTG if you have money then buy LTC or ETH their price also dumped so you can get them for cheaper price.

Correction in bitcoin price is the signal of its price jump. BTC may reach $30K in a month or two!! It you want to convert some BTC into BTH then you should wait for BCH price ~ 0.11 (btc). Currently all major alts are on pick, better to wait for dip n just hold BTC.

I have to agree that the corrections is too far, but saying its too quick, Nah, sorry to disagree with you. Why would you shift to some coins that is being controlled by few personalities? Didn't you see what they have done before? Attack bitcoin last month however, they are not successful. You only have 1 choice here. HODL. Take selling out of the equation, you will just see losses instead of profit in your wallet. And as far as the bubble being burst, it might have been but the questions remains if we can get up from all of this. If you are here for more than 6 months, I think you should know the answer. Many times the bubble have been burst, however, bitcoin remains resilient, even growing further after the burst, closing all-time-high we even thought not possible. Don't panic, just sleep it over and forgot what had happen. After this mess, you will be proud of yourself not selling your bitcoin because it will recover as quick as it fall.

Surely, the bubble has burst. Bitcoin price has come down from 20k to 13k in a very short span of time. You can sell now, but you can buy again when comes down a little more.

I have been watching bitcoin for a long time. This correction is similar to the previous one. But I'm very concerned about the huge number of unconfirmed small transactions on the bitcoin network. It looks like a planned attack during the correction. People are embittered at the high cost of transactions, and here there are also delays.

This is a good opportunity to grab cheap coins

I do not think that. The bubble is not broken. Just a price adjustment. and can know this in advance. I guess the bitcoin price will increase to $ 25000 within the next 1 month. This is where you should buy more bitcoin. Do not sell them. You will regret doing it

Not good idea to sell bitcoin you will be lose so better to hold and wait for burst increase again..
There are 2 person honestly wanted to sell or hold their bitcoin but the 1 person sell his bitcoin with the low price and the 1 person hold his bitcoin
Now the price is increasing again and reach the price back again .. so who do you think will be lose the holder or the seller?
So if you holding bitcoin until now better to hold it and wait for the price increase again so that you won't lose if you bought your bitcoin in 14k+ above. .

The two options are good and I am considering the same thing as it see this corrections has no end. I was expecting that bitcoin is going to go as high as $25,000 before end of this year but that speculation has failed as I believe that bitcoin is struggling to be above $10,000 now.  The fees is too high therefore the best thing to do now is either holding or flapping.

Try trading if you have been only holding bitcoin till now? Believe me man, trading is lit as fuck. You can profit like hell during these type of situations wherein dumbasses panic sell, and traders buy smartly given you trade a coin which would be worth trading by considering various factors.

The bubble hasn't bursted yet. It only decreased by a little bit, i dont consider this a bubble crashing just like you are saying right now.

Stop spreading fake things in here guys, it is not the end yet.

Bitcoin has a long path to recover, i dont know why you all are saying that this is the enourmous crash that we you all were warning us about, this isn't over.

And you are going to see it in a few days, because the price is recovering right now.

Haha just keep saying that the bubble is bursting, i will just keep buying as much as i can during the next days, came on! just sell all your bitcoins to me! haha.
I bought more than $2000 today

the one that did not sell on time has no choice but to wait for the bitcoin to recover strength, meanwhile it is a good opportunity to buy bitcoins or any of the alts that have dropped drastically.

some people are never satisfied with the drop and will continue to call bitcoin a bubble for as long as they live. the drop was more than 40%. a little more and it would have been half bitcoin's value! and they still don't believe there is no longer any bubble despite the price staying up above the bottom that was reached at $14k!


that is how bitcoin works, both rises and falls, corrections are fast.
hodl? of course yes.
sell for BCH and other alts? of course not. but it is a good thing to have an eye on them to invest when you see them getting pumped to be able to increase your bitcoins.

I think bitcoin is on its true value. If you want to invest in bitcoin then right now is the opportunity for you to buy bitcoin at the cheapest price. The bitcoin price adjustment is something that analysts have predicted earlier.

I have seen some sellers of their entire bitcoin pass to bcc or eth. Bitcoins will never break. There is a strong price adjustment but bitcoin will recover quite fast.

yes ysterdeay is stressfull day, i'm not pnicking but suprising the price falling down faster like how bitcoin also fast pumping almost the same movement of dumping, i can't suggest to you for now what coins give profits and increase in the market just mnitor the coin movement in the market before you can decide whta is the best for.

keep holding your bitcoin correction was fast and bitcoin back to stable.

buy bitcoin with bitcoin cash will be better if you so worry

No you cant sell right now because you have already missed the chance to sell the bitcoins instead, I would recommend you buy to again few more bitcoin and by doing that you would have average your holdings and you will be in profit once the bitcoin price chart starts moving above the average buying level. See that you won't be in any kind of hurry otherwise, you should face some loss from this trade.

if you remember the price went up too fast and too quick and so expect the correction to be like that as people will be booking their profits during the vacation season ,wait for the correction to settle down and invest back in bitcoin,i would invest in bitcoin rather than other alt coins or spin offs because bitcoin has the capacity to go higher when everything is settled.

And why are you so grabbed for bitcoin in its different manifestations, that for you there are no other coins. We have already seen what bitcoin after 20k has become, so it may be worth considering that it can drop to 1k at all, and then it will be too late to rush to extremes.

It is still too early to decide whether you sell your bitcoin or invest on snother cryptocurrency. Yes bitcoin drops significantly but it does not mean it will go down from where it started, remember that patience is a virtue. Wait until it lowest drop and buy bitcoin then hold your previous balance, there you will see that you will gain more profit that going panic selling on your bitcoin.

in resent market it is so tough to say about market and prediction. when which coin will pump or dump i dont understand. Any time can pump any coin. bch already completed a big pump resently.but simply dump now for btc dump and christmas.So i think btg will make a pump in coming future.Btg is my recommanded.

Oh my god, will we get a thread like this for every correction ? This is the downside of having too many newbies on the market, no nerves, only weakhands

Currently, I still keep my entire bitcoin number, selling bitcoin now is not a smart job. Conversely, the market is fluctuating strongly, this is a good time for any trader to make a profit. and i'm using it.

My opinion is that it will not drop much more. I personally will hold and sell at 20-25k.

on that option for me i will choose bitcoin cause maybe bitcoin will rocketed again. And in my opinion i think much better to sell now and then buy more when you notice bitcoin climbing.  Cause this time is not safe to hold cause you will lose more and as i see bitcoin still decreasing.

I think people need to understand that despite what a lot of people think or say, the real interest is in bitcoin, and it will take a very amazing new coin to show up and still it's leadership. If bitcoin crashes, the other cryptos wont survive as well, so no point in buying the result from bitcoin forks, as they don't have any chances of taking it's place. Bcash even got a bigger correction than bitcoin had.

Anyway, this is not a crash and as usual bitcoin will recover from this. This is how I see bitcoin: if it succeeds as a global currency, it's price will need to reach a price of at least $500k, if it fails it could go to zero. So from this perspective, I think even at it's previous all time highs, bitcoin had a good price, because the reward ratio I would get if BTC succeeded it would be huge. Since you can buy just small portions of bitcoin, everyone can invest in this experiment whatever they can afford to lose. Given the max potencial of the coin, I would say it's a pretty good investment.

This price correction is normal and part of the cycle of the crypto market, I suggest you to hold your coin or buy more if you have the money.

Yes, those new investors are new to these high fluctuations and they will sell in a panic. Those old investors know how crypto prices moves will not get panic and sell instead they may buy some more during these downturns and make more profit when prices go up. I too just holding all my bitcoins because prices went up too fast and corrections were expected.

Booms and bust are part of every single market. Dont be scared of them, they are your friend. Just play em ;)

I wouldn't call it "burst" since that would be something quite different. When a bubble bursts everyone dies :) and I believe this is something different.

Cash out and retire. LOL just kidding. Just hodl and keep believing on bitcoin. It will be back again anytime soon and with a new record just like last year.

Dont switch your main holdings other than bitcoin or else youll regret it. Dont panic just hold if you have that attitude youll succeed on it. Maybe put some effort on some altcoins to earn some of it.

So much subjects about bitcoin as bubble.
There is some speculative part in it, but it does have absolute advantages people all over the world gone crazy on.

     It's not time to sell now, I think. Bitcoin will reach an unbeatable price. You can also invest in other currencies if you want, not just the ones you mentioned. It does not mean that if you buy the top coins, it will provide you with a big profit.

Why do you say that this correction is looking to big? I think it's perfectly acceptable that the bitcoin price went up the way it did, since it was getting major awareness, and now that the awareness factor has passed away, bitcoin will need development improvements to rise again, or real changes regarding regulation or finance markets integration. Until then, it's perfectly normal that people are not buying anymore, and those that don't really understand the coin and it's potencial will probably sell it now for profit, or maybe in a loss for a lot of cases. Only those that know what are the future plans for bitcoin (like ETFs and lightning network that will allow global adoption and use) will hold the coin. Those that only see it's price, are selling right now, only to see that they bought at a temporary top, and sold at the very bottom and lost money.

We have talkin about the bubble thing for a long time. I mean if already happens then everything should much more different with what we have now. Though I have to agree that the price is very different from what we expect i suggest you just hold it for now. It seems not a good idea to do haste decision as of the moment. And based on your question i would suggest BCH.

I dont understand why have you kept the title as bubble burst since there is nothing similar to that happening right now. The price of bitcoin is a little down than it was before but that doesn't mean that the bubble has burst. It is a correction that bitcoin is suffering from and it is quite normal in crypto. Bitcoin has been facing a lot of attacks recently and a lot of surge in price and it was quite necessary for bitcoin to undergo this correction. Now the peice of bitcoin can increase steadily. It just needs a positive news which will boost the price of bitcoin to new heights.

Nah don't jump too quickly to those coins they got a lot of issues lately, compare it to its price last October ranging from 5k to 6k dollars up to this point, it's too early to leave the boat as you may regret it later, it is proven that although there would be a major corrections and dump to its price, it always sore after that suggestion is to take the advice of the majority hold and observe first then make a conclusion but if you really want to dive to another coin, don't take all your investments to btc.

divide and conquer is a better approach ;D

divide the money you have into different amounts. sell some to have some money at hand to buy the dips. this should be small since using exchanges is risky.
set some apart for cold storage to hold long term and don't touch. this can be bigger because of long term potential and again since exchanges are risky.
and finally set some for trading. buy the coins you like and make profit from them and then move the profit away in cold storage or if it is big enough divide it again (sell store trade)

That's right, cryptocurrency is unpredictable things as it continue to grow with unexpected way.
If you have enough money to spend, just purchase some of my favorite coin : BCH,ETH, & BTG and keep hold for another year 2020.

~PROFIT

Bubble burst are you serious it has just decreased a little bit and you have already consider it as a burst.I doubt that you know the actual meaning of burst.Even though the fall was sudden but was not as big as other coin so that bitcoin has to start all from beginning.This is exactly the poor mentality that people posses and they get panic and start losing hope from one the most trusted cryptocurrency in the world.Bitcoin has already stable and will start climbing up in sometime.

There are only two optiouns, you can hold and wait for better moment or you can bailout. I believe that bitcoin will normalize soon, and after that it will continue on its path of rising. But we can not ignore possibility of its down fall. Maybe best option would be to hold major part of your fond, and transfer part of it into some other crypto. In that case i would recommend Ethereum or Bitcoin cash. Think carefully what you want, and than decide.

Can't really say that it is a bubble burst or opportunity to buy on correction. Some experts believe that this major price dip is the beginning to the end of the BTC fate, whereas other believes that it is a regular price correction, so it is the best opportunity to buy/invest in BTC now.

if it burst, buy.. and sell on reinflation lol

I think the main problem here is how people look and react to traditional markets, where the stock market is the most common example. If the stock market is up like 20% in a matter of months, the mainstream media and all financial news channels start talking about a forming bubble, and that it might be the start of a correction when the price goes down 2%. People for once need to understand that the crypto market can't be compared with the stock market, and if we look back at how both markets have been moving in the last years, it shows that the crypto market is on a completely other level. It's the crypto market, which is still an undeveloped market, versus a developed stock market that's completely ruled by institutions....

Yeah it is difficult to say that it is begining towards the end of BTC or a new beginning

Predicting the price movement of Bitcoin is really hard even for an experienced trader because of its volatility.

For my personal prediction i think that what's  happening right now is just a price correction and we are in the accumulation stage. This will be a beginning for the new wave and i think this next wave will be big.

There is only one thing for sure if you check Bitcoins price history every time that we have a price correction Bitcoin bounce bag really big and I hope that this trend continues.

I cannot see why it's called as bubble in this case. Whenever the price remains same or declines, they call bitcoin and other digital assets as bubble. This is not a good way to call them.

If one wants to blame something for being a bubble, there should be a reasoning logic behind his argument.

Yeah I think that if you have invested in bitcoin and want to make money through your investment then wait for some time. There is no need to sell your bitcoin on low price. Many people say that 2018 will be the year of bitcoin and the price will be more than 30000 dollars, then why some bitcoin holders think that they may lose more if they hold bitcoin for some more time because the price is decreasing day by day.

This bubble issue is the oldest and most argumentative issue of all time in Cryptocurrencies. Lots of the most respectable personalities in the world says that "Bitcoin is a bubble" but now they make themselves regret. As long as many people are supporting this coin it will never be a bubble.
If you are in doubt try to buy other promising coins that you know you can get big gains. For now, the coin is fluctuating day by day it is better to HODL for now.

You need to decide for yourself what to do. I will hold. For me, earning 10-20% on the fall in this situation is a big risk. I'm better off waiting for the position as long as it takes. a week, a month or two.

Agree with this, even until now there should not be this kind of panic.
If only those who hold bitcoin didnt panic then it would not come to this.
But we cannot stop them. It is their own coins and we cannot argue with them.
They have the right to do it with their own coins.

Best investment portfolio to have different coins, not just bitcoins. On bitcoin no one can say exactly how much he will grow and when its price falls to a minimum. Yet what we are seeing is a strong volatility. But you can sell when the price starts falling and then buy when it starts to grow.

Have read the Maus's reply for the above quote. He clearly states that the thread is completely dead. This bubble burst discussion now no more in the present situation so avoiding to discussing it more is the right to do.
I am really fed up personally to inform this all the time. Kindly ignore to post the dead thread which does not need your explanation furthermore.

Bitcoin bearish market do not signified bubble burst for me and though there is alot of uncertainty in the market currently. If all things been equal we should expect the next bullish market from this current breaking of $11,000 trading area resistance. I think we should have our hand cross as I don't expect bitcoin to fall below $10,000 again.

That concept has already been discussed more than years ago, and even when the price was less than $250 everybody was saying that it was a bubble because it came from $1 to $100 in a few years.
So no, there is nothing to be worried about.

"Does your barber or your granny talk to you about their latest investment in BTC/Ethereum/privacy coins 'because they're the future'?"
If answer one day will be yes - then there is a bubble and end is near.

If history is anything to go by, the tulip bubble burst in 1600 is different from what we are seeing in the crypto currency.And yes, we have seen lots of opinion about bitcoin is in a bubble or not, but are there indication that we are in a bubble? There is no well-accepted model that suggests a fair. value of bitcoin before we can say that it has been burst.


Lol mate, you made me laugh. Granny and crypto's in one sentence, couldn't been better.  ;D

The bitcoin price is still at 10k. bubble has not burst.

Everyone seems so optimistic since bitcoin shows a great potential to skyrocketing again and again.
Don't know at this stage where actually there is no bullish sign , just a real crash ahead waiting.
Hold if you could waiting at least for the next 1/2 years but cut the loss when you looking to get some little profit daily.

Bitcoin in itself is not a bubble but no matter the asset there is the possibility of bubbles forming, a bubble is just an extreme overvaluation of a good, that is all, that is what happened with real estate a few years ago, real estate is not a bubble since we all need houses to live in and places to work and places to have some recreation but too much money was poured into it and this created a bubble, bitcoin follows that same principle and we should never forget it.

Theoretically, it can burst but it doesn’t mean that initial idea of unknown Satoshi was to make a pyramid that people would believe in and than fool them all. Many people have already earned a lot of money with Bitcoin and will continue to (I think so).

People are keep on saying that bitcoin is a bubble, yes the price are quiet high and the demand for this are pretty impressive but we must also understand why people are keep on investing on bitcoin which offers great technology. This is just a correction right now which is very normal on every market, well if bitcoin are real bubble I will keep on investing at a dump price for sure.

Some persons simply do not know what they are talking about, if investing to obtain profits was a bubble then everything will be a bubble, the supermarket does not buy products at the prices they are offering, they are selling them with the intention to make a profit, the same happens with stocks and with bitcoin as well, we all want to obtain profits and we want to sell for an higher price but that does not mean that everything is a bubble.

Yeah I also feel the same. If you have money and want to invest in crypto bitcoin is the best option for your investment because the decrease in the price is for the time being and it will regain its price after a while. If you already have bitcoin in your wallet then I will suggest to hold them and never sell them on today’s price otherwise you will be unhappy with your decision when you see the price growing.

Thank god! There is someone who understands how does the market exactly works. If you are selling things at rates cheaper than at which you bought, obviously you are not doing business then, you are going in loss and simply wasting your money.

Business or in simple terms, trading is where you buy and sell things keeping your profit margin. As far as bitcoin is concerned, I don’t think so it is bubble in any way. Prices of the commodities keep fluctuating.

my advice is not that you do not need to do yet, you have to wait until everything settles down, if you are in a drawdown, even more so, if there are free funds, you can still buy at least an ether, neo or icon

Wise investors will stick to much stronger investment, even the value is falling better to buy more even in a little portion as we are expecting that bounce back will happen any time, bitcoin flows might be not favoring us for some time but surely it will begin to rise back again, just learn from the previous movements that happen before instead of thinking of reinvesting to another project.

For me just hold, don't sell if you think that this can be lost of your money. Sometimes we do wrong move because we believe on news, but if you really believe in your coin and you know about the future of coin just hold.

The title of the topic is wrong because if it was a bubble burst i can assure you the 10k support will not stand. Any way in that sense just hold your bitcoin and if you have extra money buy more.

I'm predicting that bitcoin last 3 months for corrections because last December really gone so high and it will take long to get back. Plus people are panicking and that's another reason why bitcoin can't rise.

You have made the right decision and I also love your trust on your coin because this is the way of becoming successful. We don’t have to listen to others or follow them. Take a decision after doing some work. Bitcoin and some other alternative coin which include Ethereum, neo, waves, Litecoin, ripple and Ethereum classic. These are the trustworthy ones and during dip, the investors should be patient.

Trading always needs patience. As for the bubble that burst, this statement sounds very strange. BTC is not a bubble.

Correct, this is just a huge correction but the technology that backs bitcoin is still there nothing has changed, the legal status of bitcoin as far as I know has not changed so it is still legal, this variations in the price are simply caused by the change in the supply and the demand that is all, these changes have been made even greater due to the recent bad news but bitcoin is still as solid as ever.

Although I have been in this market for 2 years, there is a bit of experience, but just four weeks ago the market marked an incremental rise in bitcoin prices. Bitcoin has risen vertically to $ 19,400, but just two days ago the price of a bitcoin fell drastically to $ 7800, down more than 60%. That made me extremely confused and anxious, currently I am holding more than 400 BTC with an average price of $ 11000. Bubble Burst?

I think that at the present time we can totally feel secure and invest in bitcoin. We can see the market in the early days of 2018 is going down but now has been very positive signal when bitcoin prices have increased continuously in the past days and has returned to the $ 10800 level. I believe that with the current strong buying power, the bitcoin price will likely reach $ 20,000 in the next month.

This once again confirms that people gain confidence by how the market increases. Where smart money entered far below the $10,000 level, which is something they consider to be the best possible opportunity, others (not so smart money) start to feel the same right now. That's why it's quite important to have the market maintain the $10,000 level.

Calm down. Yes, the market is increasing, but nothing at this point justifies such levels. Don't calculate your profits already, because $10,000 is not a strong support level, where I would even like to say that at this point it isn't a support level at all. Base support levels have lost their credibility during the last correction. It hints towards a higher up movement with $11,000 as temporary peak, but it might also go down below $10,000 the next day - just let the market do what it wants to do.

Each year there is a january correction. 2018 it was longer than the previous years. But all Coins Will go up again. Also i think there wont be an bubble to burst, only the marketcap of BTC will move to an better/real value coin, like neo, eth , ada.

I've been watching bitcoin. The bubble did not burst, just a price adjustment.

Now bitcoin is slowly growing.