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Author Topic: When do you think the price correction will occur?  (Read 676 times)
wurth
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September 02, 2017, 07:17:22 AM
 #21

Well i dont think that there is gonna be a correction soon.. But you must know that we are entering a support barrier ($5k) and we are now at $4900 each bitcoin, so if the price brokes that barrier then it will go up for some hundreeds, and then come down again, and maybe in that moment the correction is gonna happen.
But i hope that it does not, because i dont wanna see bitcoin cheap.
Why you not want correction price of Bitcoin on market? You also understand Bitcoin always raise up recently, from earlier this year until today. In fact, you know this is bubble growth and can breakdown anytime, your wish cannot become to true, so you need ready with worst situation on market.

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September 02, 2017, 07:37:10 AM
 #22

Bitcoin is not going down anytime soon. Even it was hovering around $300 there were serious fear that it could go lower, instead the bitcoin keep going higher. And now we are mainstream. There is no telling how higher it could go.

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September 02, 2017, 07:38:30 AM
 #23

And how much could it go down? Any ideas? I bought myself a Bitcoin when it was around 2500 $ and I'm kinda angry at myself that I didn't buy another one.

Once the correction happens, will you guys buy more bitcoins?

I think that it probably will happen later this month. We have already seen the price crash from $4950 to $4650, but it has rebounded which seem to me like a bullish indicator. However this does not mean it is not a bubble. I just think that the peak hasn't come yet.

It'll probably go up to near $6k, and then back to $5k, perhaps a little rebound but in the end to $4k or so and settle there.

I think there will be no price correction and it will pump till september. Then when there is no much time left to hard fork happens, people will panic and it will dump again.

It is september already, and it really could go either way. If the hard fork goes well then it could well make people even crazier.



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Carlsen
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September 02, 2017, 07:40:30 AM
 #24

Well i dont think that there is gonna be a correction soon.. But you must know that we are entering a support barrier ($5k) and we are now at $4900 each bitcoin, so if the price brokes that barrier then it will go up for some hundreeds, and then come down again, and maybe in that moment the correction is gonna happen.
But i hope that it does not, because i dont wanna see bitcoin cheap.
Why you not want correction price of Bitcoin on market? You also understand Bitcoin always raise up recently, from earlier this year until today. In fact, you know this is bubble growth and can breakdown anytime, your wish cannot become to true, so you need ready with worst situation on market.
Actually nobody knows if we are in a bubble or not.
All we know is that the price increased a lot in the past.
It is really hard to say what a fair price for one bitcoin would be. How would you even start to calculate that?
All we know is that people want to have it.
And there is as well the chance that bitcoin was undervalued all the time. Maybe still is.

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September 02, 2017, 05:28:46 PM
 #25

We are getting pretty close to a correction from $5000 but it cannot be classified as a correction yet.
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