How low will the next correction/dip be?

[Wind_FURY]

It would be stupid of us to make projections without at the very least assuming why Bitcoin will dip in price. Now we all know that the UASF will happen this coming August 1, if that is the catalyst for the dip and if that causes the blockchain to split in 2 indefinitely how low do you think the dip will be? Take note that I know the blockchain split is more of an assumption than an upcoming dip. But it is possible.

[lumeire]

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I think it'll dip down to between $2100 and $2300.

I think so, because the price of bitcoin has a lot of resistance. ABout the upcoming adoption by the new countries will make the price get pump again. $2100 is tolerable range in my opinion. it will never less than $2000

Actually a dip below $2k is very much feasible. This space is very volatile, 1 bad news can bring it below that level easily.

[dakiller]

Dip to 4000-5000

[Denker]

Dip to 4000-5000

A dip is usually downwards, not upwards!
4-5k is way too optimistic for this year. I would say we can all here say and speculate whatever we want. Fact is that no one knows what's going to happen in august. So any predictions further then to this month make no sense imo.
We will have to wait and see.And cross fingers for the best of course! But also be prepare for the worst!

[cafucafucafu]

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I really can't see bitcoin hitting that $3,000 barrier. Even if it does it'll be so brief that it makes no differenc in the end. However a correction seems to be looming over bitcoin. Personally, i don't actually think that we need to worry about this correction. Or at least losing sleep because of it, that sort of thing.

First of all, i think that it is established that bitcoin ain't going anywhere below $2,000, period. That seems to be the consensus floor for bitcoin right now. So if you buy now, the worst you'll do is lose $700 per bitcoin. That's not bad of a percentage loss compared to the 2013 pump. Also, the price is quite stable at the moment. Been at the same sort of price, hovering at $2700-2800 for 2-3 days now. Maybe this will just become the new norm.

I'd put my money on $2000-$2500 though, seems the most logical.

[Vixmore]

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I think that the next correction will be when we hit 3000 dollars. Then I fell it will drop back down to 2500-2600 and then slowly it will rise back up again maybe to around 3500 and then drop again. That is just my view of course. Others may, and probably will, think differently.

[reflector]

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I think that the next correction will be when we hit 3000 dollars. Then I fell it will drop back down to 2500-2600 and then slowly it will rise back up again maybe to around 3500 and then drop again. That is just my view of course. Others may, and probably will, think differently.

Price fluctuatations are always on bitcoin and alts such ETH, Dodge and dash. I think bitcoin value will turn to higher and higher only in upcoming years. We are keep on getting adoption in bitcoin on everyday. I hope no more dump should come because I may utilize my holding and make profit.

[maku]

Bull race is still on. Currently we have minor pull back, in times like this usually we see more bulls join the race to resume price climb.
We would have new ATH by now if not by that awful tweet from Mark Cuban, when he said that cryptocurrency is 'More religion than asset’

[audaciousbeing]

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

Whether it drops or not or even to a an amount lower that what we have up there does not matter but what matters is the reaction of the people to it. If the reaction is like " its one of those periods" then we are bouncing back in no distant time which is something I am sure of. But on the other hand if its where the confidence is lost, and the prophets of doom succeeds then I see a further dip which might take longer period to recover.

[rickadone]

It would be stupid of us to make projections without at the very least assuming why Bitcoin will dip in price. Now we all know that the UASF will happen this coming August 1, if that is the catalyst for the dip and if that causes the blockchain to split in 2 indefinitely how low do you think the dip will be? Take not that I know the blockchain split is more of an assumption than an upcoming dip. But it is possible.

But markets are known for daily ups and downs. You cannot complain why prices are falling down for no reasons. Because there would be lot of hidden reasons for daily ups and downs. Even traders do not share them among traders too. Profit booking/panic selling are few of daily happens to trigger some fluctuations.

As of now there are no big negative news hence we can expect prices to consolidate around $2700 levels before getting ready for another rally. Breaking of $2600 might lead $2400 range of corrections too.

[CyberKuro]

I will be the optimist in saying that we are not going to see the normal spike&dip trend that we are used to. I think from now on we are going to see smaller spikes and smaller dips than usual. The increase in the price we are seeing now, is not just linked to single events where hype are used to push the price. We are seeing the result of real adoption taking place in several countries globally.

This is going to slowly increase in value over the next few months. ^smile^

That's what happens right now, small fluctuate within $100-$200 and sometimes over $250 decrease.
What we need is big whales or a good news about bitcoin development, then people will trigger to invest/buy again, maybe in 1 or 2 months later. After rally, a correction will happen again but I hope it won't drop below $3000.

[jc89]

We just experienced a correction recently and I think that we will not experience correction that too soon. The ups and downs we are currently experiencing is due to the growing community and market of bitcoin. So we can safely say that we are on a normal day. If ever a correction will occur, I believe that the price of bitcoin then will be over 3000 USD and the correction will fall between 2500-3000 USD.

[White sugar]

There is no way to know for sure.

But I think once the $3000 is broken, then the correction won't be lower than $3000, at least for now. Just my opinion

[Wind_FURY]

It would be stupid of us to make projections without at the very least assuming why Bitcoin will dip in price. Now we all know that the UASF will happen this coming August 1, if that is the catalyst for the dip and if that causes the blockchain to split in 2 indefinitely how low do you think the dip will be? Take not that I know the blockchain split is more of an assumption than an upcoming dip. But it is possible.

But markets are known for daily ups and downs. You cannot complain why prices are falling down for no reasons. Because there would be lot of hidden reasons for daily ups and downs. Even traders do not share them among traders too. Profit booking/panic selling are few of daily happens to trigger some fluctuations.

As of now there are no big negative news hence we can expect prices to consolidate around $2700 levels before getting ready for another rally. Breaking of $2600 might lead $2400 range of corrections too.

That is what I am precisely talking about. All our projections are useless to act on if we do not have full capability to predict the future. The UASF on August 1 could make Bitcoin crash for all we know.

[danherbias07]

Corrections?
I havent read anything about bitcoin price being corrected.
Can you please lead me to a link to where I can read about it?
Didn't hear about something like since I started here. Who invesnted this newly created word for bitcoin pricing?

[pooya87]

Corrections?
I havent read anything about bitcoin price being corrected.
Can you please lead me to a link to where I can read about it?
Didn't hear about something like since I started here. Who invesnted this newly created word for bitcoin pricing?

"What is a 'Correction'
A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either."

the same is true about bitcoin price, sometimes with a little bigger percentage since bitcoin market is much smaller than any of the markets listed in that quote.

https://www.google.com/search?q=what+is+price+correction
specifically this link: http://www.investopedia.com/terms/c/correction.asp

this word existed for nearly as long as trading existed, you just weren't aware of the concept.