Bitcoin in a mood of correction?

[DonQuijote]

no yet, but we will back to 2k $

[HanvanBitcoin]

i think we already have hit the bottom ($3800) and are already in an uptrent again.

[Catmony]

I think price will pump again and we might not have any proper correction before price will cross $5k by end of this month or next one.
Price was corrected a little from $4300+ to below $4000 today but now price seems already recovered and next pump might pump it to over $5000 soon.

[BitcoinBarrel]

If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

Why not 10k? Stop being that moon kid. We're headed into November fork shitstorm, that can possibly be bigger than August 1 and I think 3000 will be the next support and price it might drop and then recover and maybe hit your 5000 if bitcoin doesn't get destroyed by Core/Miners.

Rather invest in OmiseGo.

Did you not read my post? The price hasn't doubled after a 10% drop the past month, so that's why. Like I said, at least 3 or 4 times the price has dropped 10% then jumped to an all-time high maybe 20% or so.

I'm just pointing out the obvious, and I'm guessing you're just spreading fud to promote your new alt coin.

You better get some information about OmiseGo. Fcking insulting it like a new alt coin.

Ok that's wonderful. Why do you insult Bitcoin? Saying you'd rather invest in OmiseGo... show some respect to the 1st Crypto.

And if I wanted to chat about alt coins I'd be in the alt coin forum. This thread is about Bitcoin.

[alyssa85]

market correction should not fall below 15% from its ATH, hold on to your seat as we dive down below waiting for the crash. so price prediction for market correction will be 3500 USD it is still not bad

This. The correction is entirely normal. It went up too fast so there was bound to be some profit taking.

[Vishnu.Reang]

What happening now doesn't qualify as a correction. The rates went down for 2-3 hours and then quickly started recovering. It seems like the demand is at its peak. The supply is unable to cope with the demand. A (proper) correction may happen after a few weeks, but not now.

[Stedsm]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.

I think that by saying that, you are underestimating the value of bitcoins because me saying that it is in a mood of correction doesn't mean we are going to get dumped because we are currently in a phase where we are seeing that the bigger the price collapse is, the bigger the recovery.

[Lancusters]

It seems to me that before correction of bitcoin prices so far. Until August 23, it won't happen. Now everyone is expecting price growth and this is a good time for speculative trading of whales. Now we will see again higher prices to a new high, but closer to August 23 will drop and then there will be retracement.

[Cranidos]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I believe that this is not a correction state but rather, it is what we all call "volatility". Every now and then, we see Bitcoin going up and down and with the recent bullish trend, it is inevitable for others to predict some correction of some sort. Well, many are used to the price trend and just simply ignore any price changes. Bitcoin has been so stable above the 4000 dollar mark and the current price drop is a normal event but not a correction. Bitcoin is stabilizing as we speak so a further waiting time is required to know if it is a correction or not. For me, it's not.

[Pearls Before Swine]

3000 euro a BTC would be nice to buy back in 

You mean a drop to $3500 is possible?
That would be nearly 23% fall in the price straight away. I don't think it should fall till such price unless the current prices are a part of a formed bubble and I hope it's not what everyone's talking about - a pump. It is currently $3867 (at the time of writing).

Come on, that could conceivably happen, and easily. 
You gentlemen get used to the price just going up, but bitcoin
does obey the laws of financial gravity too, just like everything else.
What this is is a correction and it's normal and not unexpected. This
may or may not be a good time to buy....no one can say.  Depends
on your outlook and risk appetite.

[HanvanBitcoin]

3000 euro a BTC would be nice to buy back in 

You mean a drop to $3500 is possible?
That would be nearly 23% fall in the price straight away. I don't think it should fall till such price unless the current prices are a part of a formed bubble and I hope it's not what everyone's talking about - a pump. It is currently $3867 (at the time of writing).

Come on, that could conceivably happen, and easily. 
You gentlemen get used to the price just going up, but bitcoin
does obey the laws of financial gravity too, just like everything else.
What this is is a correction and it's normal and not unexpected. This
may or may not be a good time to buy....no one can say.  Depends
on your outlook and risk appetite.

Bought back in at 3320 euro 

[whaawh]

3000 euro a BTC would be nice to buy back in 

You mean a drop to $3500 is possible?
That would be nearly 23% fall in the price straight away. I don't think it should fall till such price unless the current prices are a part of a formed bubble and I hope it's not what everyone's talking about - a pump. It is currently $3867 (at the time of writing).

Come on, that could conceivably happen, and easily. 
You gentlemen get used to the price just going up, but bitcoin
does obey the laws of financial gravity too, just like everything else.
What this is is a correction and it's normal and not unexpected. This
may or may not be a good time to buy....no one can say.  Depends
on your outlook and risk appetite.

Judging by your words, you do not expect a decrease in Bitcoin even lower. As for me, even today's price is not enough to buy coins. The price is quite high, but I think it's worthwhile to wait for a more suitable moment to implement your plans, regarding the purchase of a large number of Bitcoins.

[Bagaji]

Well i believe bitcoin is really in a correction mood but it may just be like 10% decline before another move towards $5,000 or $5,500 maybe in the coming months. And not as some people are speculating a decline of $3,000 or below.

[SaShiRaJaVu]

Well i believe bitcoin is really in a correction mood but it may just be like 10% decline before another move towards $5,000 or $5,500 maybe in the coming months. And not as some people are speculating a decline of $3,000 or below.

With aspect to the rally we had ,does it mean that it is a correction,yes the price went down from $4500 but we had a really big rally and saw a change of above thousand dollars in a very short time and so i really do not see this as a correction but i would like to see a good correction so that anyone willing to purchase should have the ability to get those coins.

[machinek20]

Yep, seems like the correction time has come, like many people speculated, bitcoin price has fly too fast and then there will be a correction one day, I think it will fall below 4000$ but it wont for long, the bitcoin enthusiastic is very high, I suspect the price will go up very soon

[Rahar02]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

The dip is over right now as bitcoin price already recover and bounce back to over $4150.
I think, maybe $4000 become the new floor for bitcoin price, as it seems persist at this point.
Bitcoin will continue to rise as there's 5 days left before segwit be activated and guess how much value it could gained.
Because bitcoin being pumped so hard, we may see it reach new ATH in this month and in the next month without knowing when it will reach the highest price before get corrected again. Personally, I guess bitcoin could reach $6k in October and start to fall after that.

[exstasie]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I transferred some USD to an exchange recently, and I'm still waiting. There is major volume support in the $3200s-$3400s area -- the last area with significant consolidation.

I think it's possible that we have entered a Wave 4 (guidelines would say ~15 days or so of correction, which agrees with Tim West's TAM method as well). If so, our target would be in the $3200s-$3400s area previously mentioned. So, if we go there, I will be buying heavily for another leg up to test $5000.

[xypos]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

Growth have cerrtainly slowed down a lot in recent days compared to before, and i do think that we may be in for a correction here.

Any time bitcoin price rises by more than 20% in a few days, there has been a correction. Whether short term, or long term. Price has simply gone up too fast, and even if it does continue to go up short term wise there will be a dip.

We've already seen price go down from $4500 to $4150 right now, but i think it'll be a much harder dump still coming up.

[Harriti]

3000 euro a BTC would be nice to buy back in 

You mean a drop to $3500 is possible?
That would be nearly 23% fall in the price straight away. I don't think it should fall till such price unless the current prices are a part of a formed bubble and I hope it's not what everyone's talking about - a pump. It is currently $3867 (at the time of writing).

Come on, that could conceivably happen, and easily. 
You gentlemen get used to the price just going up, but bitcoin
does obey the laws of financial gravity too, just like everything else.
What this is is a correction and it's normal and not unexpected. This
may or may not be a good time to buy....no one can say.  Depends
on your outlook and risk appetite.

Judging by your words, you do not expect a decrease in Bitcoin even lower. As for me, even today's price is not enough to buy coins. The price is quite high, but I think it's worthwhile to wait for a more suitable moment to implement your plans, regarding the purchase of a large number of Bitcoins.

Even you need check the mentality of trader on market at now. Because the emotion of them is main reason make the price of Bitcoin increasing up or drop down in next time. FOMO and Panic selling is two scenario usually happening on crypto market.

[kwukduck]

New bear trend is setting in, it's a long term one like the one before.
This downward spiral could easily last 12-24 months with at least one big crash in november inbetween.
We are looking at a low end of 800-1200 assuming BCH and SW2x don't gain any traction (which i think is unlikely)
If either of these does gain traction we can even fall much lower.