[2017-05-20]Bitcoin Price Breached $2,000, Pundits Coin-Flip What Comes Next

[TraderTimm]

what kind of a statement is that? how can you ,as a trader, not pay attention to a 50-100$ fluctuation?
you are insane if you disregard 3-4% asset price fluctuation
if you just hold and don't plan to sell at all,maybe yes
but even then you have to understand the signals,a 50-100$ drop could be the start of a huge dump and a much bigger dip in price

Traders adapt to increased volatility, so a retrace of that magnitude is totally fitting when you've had a month where you are up over 100%. Its all about gauging how price is conforming to an exponential function. For me, when it gets to near "vertical" is the signal that we're going to have a blowoff top and decline. We aren't there quite yet, but I'm pragmatic about the aftermath.

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[aggarwal233]

I think $3000 will be next target or there will be some price correction

[Kprawn]

I think $3000 will be next target or there will be some price correction

You might be pretty close with that prediction... I just checked the exchange price now and we crossed $2600 per Bitcoin. If this trend continue,

we might even see $5000 per bitcoin by the end of June. I think a bunch of traders in the traditional Fiat world are shitting their pants now.

Bitcoin are breaking new records daily now... and it's not stopping for nobody. {physiological barriers are a thing of the past} 

[veleten]

I think $3000 will be next target or there will be some price correction

You might be pretty close with that prediction... I just checked the exchange price now and we crossed $2600 per Bitcoin. If this trend continue,

we might even see $5000 per bitcoin by the end of June. I think a bunch of traders in the traditional Fiat world are shitting their pants now.

Bitcoin are breaking new records daily now... and it's not stopping for nobody. {physiological barriers are a thing of the past} 

unfortunately,once we broke 2730-2750$ all hell broke loose and we see the fabled "vertical" dive
the price dropped to 2200$ at the moment of this post,i.e. almost -500$ off from the peak
and it keeps dropping despite the efforts
doesn't look like panic sell-volumes are big but not exceptionally big

[Prohodimec]

I think $3000 will be next target or there will be some price correction

You might be pretty close with that prediction... I just checked the exchange price now and we crossed $2600 per Bitcoin. If this trend continue,

we might even see $5000 per bitcoin by the end of June. I think a bunch of traders in the traditional Fiat world are shitting their pants now.

Bitcoin are breaking new records daily now... and it's not stopping for nobody. {physiological barriers are a thing of the past} 

unfortunately,once we broke 2730-2750$ all hell broke loose and we see the fabled "vertical" dive
the price dropped to 2200$ at the moment of this post,i.e. almost -500$ off from the peak
and it keeps dropping despite the efforts
doesn't look like panic sell-volumes are big but not exceptionally big

I do not know who can be frightened by such a price, but it seems to me that this will not be expected for years, as the holidays start and, because of this, demand may drop and the price will drop slightly.

[veleten]

the price is dropping and not in any ways "slightly"
it is under 2000 for Bitfinex and BTC-E and keeps falling
wonder if we break the 1900$ mark today but this dump is big

[TraderTimm]

the price is dropping and not in any ways "slightly"
it is under 2000 for Bitfinex and BTC-E and keeps falling
wonder if we break the 1900$ mark today but this dump is big

Yes, we've fallen off of the exponential curve we were on, and before we could really realize a truly "vertical" moment. (But we came close.)

I suppose with many new traders involved, a lot of panic helped to magnify what would've been a 400 - 450 dollar decline into the mammoth 700+ decline we saw.

Now we have to consolidate and figure out the next trajectory...