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Author Topic: Price is increasing too fast, will there be a correction?  (Read 1313 times)
fabiorem
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August 12, 2017, 04:32:42 AM
 #1

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.
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BCTBF
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August 12, 2017, 04:37:07 AM
 #2

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.
I'm sure there will be no correction today because a few days ago we could see bitcoin prices weakening, but now it seems to be going up and continue to increase. I am sure

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DaMut
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August 12, 2017, 04:47:57 AM
 #3

price is increasing too fast or not,
we will always see correction later on,it's just about the time to see that.
the only question is,how long this movement will be ?
because if we know it we can maximize our profit during this rally,
and we can increasing our Bitcoin when the correction comes.

it can be surpassing $4000 marks at anytime soon,
or it can not be,everything is possible

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August 12, 2017, 04:55:50 AM
 #4

a correction can not happen every day in a rising market (or bull market). and if you look around you can see that there was already a big correction a couple of days ago which was about 11% drop in price and then it recovered and started rising again.
and this time the correction will happen near the $4000. if it can not be broken then it will happen below it and if it can be broken (which has a less chance of happening) the correction will be delayed and price will probably stay above $4000

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August 12, 2017, 04:58:54 AM
 #5

Everyone I've talked to outside the scene is bullish now. We won't see a correction from the casuals, only when the hodlers start selling.

When do holders feel the heat? 4000? 5000? 10000?

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fabiorem
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August 12, 2017, 04:59:46 AM
 #6

a correction can not happen every day in a rising market (or bull market). and if you look around you can see that there was already a big correction a couple of days ago which was about 11% drop in price and then it recovered and started rising again.
and this time the correction will happen near the $4000. if it can not be broken then it will happen below it and if it can be broken (which has a less chance of happening) the correction will be delayed and price will probably stay above $4000

I think this time can be different, because it is rising too fast, and since SegWit was approved and the fork was proven to be harmless, people are buying by the hundreds.

Maybe the correction will only be at 5k, or even 10k. So might be better to buy now and hold, since these values can be reached soon, as the curve gets steeper.
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August 12, 2017, 05:02:58 AM
 #7

If you need someone to tell you when you should buy bitcoin - you should not be buying bitcoin.
audaciousbeing
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August 12, 2017, 05:08:53 AM
 #8

Its normal to express some level of uncertainty in this case of upward trend in price without any sign of retreating in sight and considering historical analysis, there is some level of correction that should be expected however, its not all automatic as in this case the increase in price can be said to be the fall out of August 1 and the upcoming SegWit which are both to influence the increase. It is at the point where this factors have weaned off the market but the price still increases, then a correction is knocking on the door within a short period of time.

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August 12, 2017, 05:12:28 AM
 #9

If you need someone to tell you when you should buy bitcoin - you should not be buying bitcoin.

Fear is good. It can keep you from making dumb mistakes. You can't go wrong buying in a bull market (unless you buy at the very top).

We are in a bull market.

We will likely see at least 5k sometime this year.

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August 12, 2017, 05:42:46 AM
 #10

If you need someone to tell you when you should buy bitcoin - you should not be buying bitcoin.

Fear is good. It can keep you from making dumb mistakes. You can't go wrong buying in a bull market (unless you buy at the very top).

We are in a bull market.

We will likely see at least 5k sometime this year.

People learn from mistakes, buying bitcoins even on top is not some huge mistake, sooner or later price will go higher and profit will be there, not so big as it could but something is always better then nothing. Like friend said you can't go wrong in a bull market.
5.000$ this years sounds awesome, but I'm not sure can bitcoin price mark 5k this year. Reasonable prediction is 4000$ for one bitcoin and that is more likely to happen, but bitcoin price surprised us so many times that even getting to 5k is possible to happen, with bitcoin many price changes are possible, best is to buy bitcoins and just wait.

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August 12, 2017, 06:23:26 AM
 #11

a correction can not happen every day in a rising market (or bull market). and if you look around you can see that there was already a big correction a couple of days ago which was about 11% drop in price and then it recovered and started rising again.
and this time the correction will happen near the $4000. if it can not be broken then it will happen below it and if it can be broken (which has a less chance of happening) the correction will be delayed and price will probably stay above $4000

I think this time can be different, because it is rising too fast, and since SegWit was approved and the fork was proven to be harmless, people are buying by the hundreds.

Maybe the correction will only be at 5k, or even 10k. So might be better to buy now and hold, since these values can be reached soon, as the curve gets steeper.

People always think this time is different. You can always attribute reasons to it and rationalize. But in the end, history repeats itself. The dot com bubble was followed by a crash, even though the internet had huge potential. This time too, there will be a correction.

                                                                       
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August 12, 2017, 06:29:42 AM
 #12

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

Honestly right now it seems like a bit of a bubble. Price has increased a lot and personally, i don't think it's going to be sustainable in the long run. There will definitely be somewhat of a correction i think by the month end.

But for now, i think we'll just see more pumping at least until Segwit gets activated around a week later.

It's no good just blindly buying into the market anytime just because others are saying so. Think rationally. Even if you bought at $2800 which is high you'd still be cashing out a cool $900+ profit per coin.

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August 12, 2017, 06:39:25 AM
 #13

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.
good question i think after the bitcoin down fall due split issue the bitcoin currency and their value are very powerfull that the bitcoin is important coins in decentrilized ccryptocurrency the father or the founding of altcoins and i guess the bitcoin value continues pumping upto 5000$ before end of this year.
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August 12, 2017, 06:51:30 AM
 #14

I think correction will be there but after it touch $4000. The way Bitcoin price doubled in the month of may. Similarly I think the price will simply gonna touch $4500 and then there would be fall to $4000. After that it will keep on fluctuating between $4000-$4500 for a time before touching $5000.

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August 12, 2017, 07:22:53 AM
 #15

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

There will be a correction and it's always expected to happen after a very quick increase. Possible that when we reach $4,000 better to sell of your coins as there will be -$500 correction or it will be good at $3,000. Though the price is still good after this correction this will make the stability of $4,000 healthy.

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August 12, 2017, 07:48:34 AM
 #16

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

There will be a correction and it's always expected to happen after a very quick increase. Possible that when we reach $4,000 better to sell of your coins as there will be -$500 correction or it will be good at $3,000. Though the price is still good after this correction this will make the stability of $4,000 healthy.

If you like to gamble on corrections, go for it.

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
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August 12, 2017, 07:54:07 AM
 #17

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

Just my personal opinion how it could play out.
We are moving to 3950-4000 with several dips within that and then see a correction down to 3400-3500 level.
Then consolidating a while and probably going for 4000 again.

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August 12, 2017, 07:58:34 AM
 #18

The price can still go higher until segwit is activated. I cannot predict how much it can get high but what I can say is if the price slows down, then maybe the correction will happen. Just continue watching the price if you want to catch the drop for short.

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August 12, 2017, 07:59:20 AM
 #19

A correction before or after $4000? I will vote for after $4000, maybe there are some little correction, drop back a bit and rise again.
Bitcoin has reach over $3780 across global exchanges and this is 9 days before segwit be activated, do you get it?
Even before segwit activated, we have seen new ATH and keep remember about litecoin SegWit (from $3 to $50).
Bitcoin has a big chance to reach $4000 in this week and we might see a major correction after that, but nothing for sure because segwit is a big deal for bitcoin development.

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August 12, 2017, 08:05:41 AM
 #20

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

Dont expect new correction wave before price hit 5000$ level. Maybe strong resistance levels can cause few panic selling but price is already on uptrend.

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