Next week double top @5530 CNY down we go...

[lolikop]

Yeah boys dream is over next week, its time for a correction and a 3 month break before we go up again...

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[Shiroslullaby]

Interested what data or information you are basing this on.

I do think that the recent rise seems pretty strange since there is absolutely no good news in the last few weeks.
(Actually most of the news I've heard is about fighting over segwit and confirmation and blocksize issues.)

Most people in the West are going to be spending money on holiday gifts and travels,
so its up to Asia if we are going to see an increase in the price of BTC.

[talks_cheep]

Historical data suggests the op's pessimism is correct.

I'm also predicting a rise to 800-850 in a few days' time, and then a slow but accelerating decline for the next 5-7 weeks. Don't worry, though, as we will see a return back to 500 by March/April 2017.

[quake313]

Historical data suggests the op's pessimism is correct.

I'm also predicting a rise to 800-850 in a few days' time, and then a slow but accelerating decline for the next 5-7 weeks. Don't worry, though, as we will see a return back to 500 by March/April 2017.

Historical data on your bullshit suggests you're a numbnut.

[Slark]

Historical data is not accurate in current economic situation, general bitcoin attitude is shifting to be very positive.
I bet during that time your historical data was collected FIAT and Gold in India wasn't repressed and Yuan wasn't devaluated like crazy by Chinese government.
United Kingdom was still in EU and Trump wasn't a POTUS - whole context changed, you can't view history as a paradigm.

[unknown04]

Did someone pay you to say this ?

[talks_cheep]

Historical data suggests the op's pessimism is correct.

I'm also predicting a rise to 800-850 in a few days' time, and then a slow but accelerating decline for the next 5-7 weeks. Don't worry, though, as we will see a return back to 500 by March/April 2017.

Historical data on your bullshit suggests you're a numbnut.

Why you so angry, bro? Does your butt hurt? Go see a proctologist.

[quake313]

Historical data suggests the op's pessimism is correct.

I'm also predicting a rise to 800-850 in a few days' time, and then a slow but accelerating decline for the next 5-7 weeks. Don't worry, though, as we will see a return back to 500 by March/April 2017.

Historical data on your bullshit suggests you're a numbnut.

Why you so angry, bro? Does your butt hurt? Go see a proctologist.

Far from angry "bro", just pointing out your continuous spouts of bullshit make you look like the idiot troll you are 

[Leonard2016]

it looks to me like Kuakduck has gotten himself a couple of more new accounts because his old account is a known troll and nobody cares about what he said. but his mistake is that he thinks we look at the name of the account! no we look at your history and that size of the bullshit you say.

[JariKriting]

this now bitcoin price down trend
maybe only corection and up again, or maybe effect italian referendum
if only corection price, can up again before christmat and get reach 800 dollar/bitcoin

[pooya87]

Yeah boys dream is over next week, its time for a correction and a 3 month break before we go up again...

that is right boyo. in the next week price will break $800 resistance and go to $850 and then the "correction" happens bringing back the price to $820 and becoming stable there

[1Referee]

Current price is overbought which makes even the biggest noobs realize that a serious correction is imminent. Correction back to sub $700 prices is the most realistic scenario this month. Targets are ~$670 at the lowest (for now), where after that we will see the price climb back up to $700 levels somewhere in January. We're sitting on the edge of a cliff at this point as the market has no steam left to push itself forwards. I am sure people waiting for the price to go down, will see it as a more than welcome correction.

[Invulner]

Yeah boys dream is over next week, its time for a correction and a 3 month break before we go up again...

And people say that bitcoin is dead all the time.

And people say that bitcoin will never sustain a long time above $100.

And people say that bitcoin is a ponzi scheme.

People can say anything they want. But it is likely to be bullshit, without proof or explanation.

[piloder]

I also agree with OP that there could be some price correction after this price surge recently either due to manipulation by whales or because of some traders pulling out their profit. But we all know that pump - correction - pump - correction - pump .... pattern shows the natural and healthy price growth rather than huge pump followed by huge dump.

[Denker]

Who gives a damn about corrections when you're in for long?!
Let it rise, let it correct.And after that we repeat this whole cycle again.
I can already smell the fudsters and their "growth is over" propaganda.
It's always the same.Boring!!!!!

[lolikop]

btc must correct now if it does continue to go up more we can expect a bigger flash crash from 8/900$ back to 600 in 2 weeks

i dont get all people who think btc will just keep on rising dudes this is not a lottery u wont be rich in a few months it takes years...

[quake313]

btc must correct now if it does continue to go up more we can expect a bigger flash crash from 8/900$ back to 600 in 2 weeks

i dont get all people who think btc will just keep on rising dudes this is not a lottery u wont be rich in a few months it takes years...

You do realize that Bitcoin is deflationary and it HAS to go up over time, right? You do also realize that we are OUT of the bear market, right? Right? I believe the best course of action at this point would be cautious optimism. I just don't get all the negative nancys around here? Are all you guys paid trolls or just failed bad and got burned day trading BTC? Inquiring minds would like to know.

[Shiroslullaby]

Nothing HAS to go up over time.
The price is set by the market. Supply and DEMAND.
If suddenly everyone decided they don't like Bitcoin anymore, the value could go to zero.
Zero demand = zero price.

[maku]

btc must correct now if it does continue to go up more we can expect a bigger flash crash from 8/900$ back to 600 in 2 weeks

i dont get all people who think btc will just keep on rising dudes this is not a lottery u wont be rich in a few months it takes years...

You do realize that Bitcoin is deflationary and it HAS to go up over time, right? You do also realize that we are OUT of the bear market, right? Right? I believe the best course of action at this point would be cautious optimism. I just don't get all the negative nancys around here? Are all you guys paid trolls or just failed bad and got burned day trading BTC? Inquiring minds would like to know.

Quake is right, there is no way or need for BTC to correct itself now, especially not so low as $200 below current price.
It is rather the opposite, with India and Africa advancing in the bitcoin rush $800 is real possibility next week.
From the other hand, beside natural market resistance nothing is dragging BTC price down.

[quake313]

Nothing HAS to go up over time.
The price is set by the market. Supply and DEMAND.
If suddenly everyone decided they don't like Bitcoin anymore, the value could go to zero.
Zero demand = zero price.

You are correct with demand. If Bitcoin demand drops below the amount of coin being produced than price would follow. However, that is not the case today. There is no RATIONAL reason to be be negative towards Bitcoin's price ATM. Most signs, charts, news, etc.. point towards the price increasing in the near term, not decreasing. The last bear market seems to have people still shook.