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Author Topic: Peak and correction coming  (Read 2814 times)
Kingofbitcoin12345
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November 02, 2017, 01:52:16 PM
 #41

Almost $7400, Just my guess the peak will be around $7800 but who know. It's a hell of price pump that I'm myself not impressed but rather scared to the massive price correction.
The price pump just too fast, and if it's still keep continuing, maybe $10,000 within 3 days can be reached, that's really crazy.

This is more than crazy but insanely out of control.. I don’t know what to think about it either as I’m confused of this supposed increases but not in this drastic phase.. It’s more than fast it is a flash from 4000$ to 5000$ then 6000$ and this 7000$ within days not weeks.. This is much alarming for some totally and others are worried of it might have negative effect and might have a big dip.. But still I’m positive that it won’t happen..

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ft73
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November 02, 2017, 02:16:25 PM
 #42



Get used to more flash crashes the next few days.
Be vigilant, keep liquid.
audrey12
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November 02, 2017, 02:23:43 PM
 #43

This is not yet the peak for me I guess the price correction will go a long way. The value of bitcoin today just a way of coping up with the increasing demand and surely in the coming years more value increase will took place to bitcoin. I just want to enjoy this season and make some good harvest. We're not in bubble this is the way of bitcoin unpredictable and surprising!

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November 02, 2017, 02:39:58 PM
 #44

There will be a correction.That's true but we will not see below 6K$.A correction is coming may be to 6.3K to 6.4K.A correction sooner then later is healthy and i want it to happen soon otherwise noobs are are buying at this high price will be disappointed when crash happens Tongue

That's just a dip. A correction will see us below 6k easily. 7k to 6,300 is just a minor dip, we saw that today in the space of an hour. Things will get bearish and suggest a correction when we go below 6k and maybe even below 5k.

Remember a couple of months back, we went from something like 4.5k to 2k...a correction will knock off potentially thousands, not hundreds.

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November 02, 2017, 02:43:35 PM
 #45

there will be always a price correction since the right price this december was meant to be $7000 and I was shocked when the price right now is over $7000 so im expecting there will be a price dump anytime many people would sell their coins since the price right now is really floating .

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November 02, 2017, 02:47:30 PM
 #46

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.
There were a lot of talks that we are in bubble now, and I agree with that. There are too much buying and more than little selling or spending. It is possible that for now price hitted top, but I think that after SegWit2x and hard fork price will rise even more. But in the same time correction might happen, because of that I am not sure what to do. I'll have to decide fast.

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candy27
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November 02, 2017, 03:34:30 PM
 #47

Where is the floor actually?

I think it might be around $5800-$6200, what do you think?

It’s way lower than that.  I’m prepared for it to retest 2013 peak of $1240.  Blood. in. the. streets.  

That will only happen if there is a flippening, and either ETH or BCH take the top spot.

Still anything is possible in crypto!
DustyRah
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November 02, 2017, 03:44:18 PM
 #48

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.








Can you confirm that you sold all your BTC?
ft73
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November 02, 2017, 04:13:24 PM
 #49

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.


Can you confirm that you sold all your BTC?

No i didn't at all.
Moreover i can't really see how this relates with my prediction of an incoming correction.
Since you ask, i've never sold more than 50% of my BTC stash and made good profit since 2013.

Apart from that, i think 99.99% of the buyers in the last months are now in good profit.
So i suggest them to lock that profit and wait.
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November 02, 2017, 04:40:34 PM
 #50

In my even humbler opinion current situation closely resembles Sept 1st / 2nd.
btcmayumana
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November 02, 2017, 05:00:26 PM
 #51

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.
yes, take profit when bubble is still heading up.
in my opinion the price can still touch $ 7300, before the correction happen.

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November 02, 2017, 05:04:39 PM
 #52

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.







No, $6950 is not the peak as price broken through $7000  and $7254 was reach and we expect this momentum to continue until we hit $7500. Correction is actually underway and that may happen from $7500. Bitcoin has returned thousand of dollars this year alone and those that have benefited from this progress are telling others, who after hearing they testimonies, will invest into bitcoin and this creates this bullish market, we are experiencing today.

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Apraksin
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November 02, 2017, 05:20:59 PM
 #53

Bitcoin is going mainstream, suddenly people who are computer retards and have zero knowledge about Crypto are asking my opinion about Bitcoin, how to buy them, use them etc.

Yes, there will be corrections, but prepare for more rapid growth.
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November 02, 2017, 05:44:31 PM
 #54

The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.

djsugar
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November 02, 2017, 05:58:04 PM
 #55

We are expecting a correction since $5500 and now bitcoin is at $6900. Many did expect a drop after 25th October. But opposite to that bitcoin went more stronger. I believe global trust is building up for bitcoin as a currency and investment. This price rally isn't form within the community or a work of whale. But is actual demand increasing because of more attention of finance and banking firms. I believe this rally will continue irrespective of any fork this time.

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November 02, 2017, 09:26:26 PM
 #56

It can't endlessly go up without another correction, that I believe too, but what's important to realize, is the potential effect of the hard fork that makes people buy more Bitcoin. S2X futures hit 0.16BTC, which I believe is still somewhat low compared to its price at the time the initial dumping stage is over. In that regard, as long as we have this hard fork ahead of us, there is a good chance that the market will keep going up before a correction kicks in. I have taken some profits just above the $6900 level, just in case. I rather not be surprised.

As we see right now every hard fork tends us to reach a all time high and then another we coin will be created in the Blockchain by that fork then a correction will occur, and by that time we an see that the price will still rise because the people that holds their bitcoin now sell that new coins that they get into bitcoin I think that is not a surprise for some to really do, even if the correction kicks in we can definitely see bitcoin in a higher place.

Whenever the bitcoin price reached the highest point there most be a market correction which normally drop the bitcoin price down to the certain level. But even if there is a bitcoin market correction coming in the future I don't think that is going to hurt the bitcoin price that much. Market correction usually drop the price of bitcoin anywhere between 10%-25% which normally recovers within 2-3 weeks respectively.

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November 03, 2017, 01:07:18 AM
 #57

The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.
I agree.  The market looks like it may be getting overheated in the short term.  We need a correction or some good consolidation in order to continue upward.  If we don't get that soon--if we blow through $7500 and then $8k in the next day or two, we will be risking a much greater correction.


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November 03, 2017, 01:22:44 AM
 #58

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.

Most likely after reaching a new all time high the price would go down in a few days. I believe the correction would be around $6300-6500. After Segwit2x we can expect a change in pricing.

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November 03, 2017, 02:10:35 AM
 #59

I think $8K to $10K by end of this November followed by a sharp correction of $3K to $4K then above $10K by end of this year. Many holders will sell on the correction and miss out on bitcoin greater than $10K. Will be a wild ride but those that hang on will be rewarded.

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November 03, 2017, 02:22:39 AM
 #60

The price is going up too far too fast so a correction will likely eventually happen. The price may get to $8000 before a correction, but I would not be surprised if the drop is significant. I mean we could see a drop of over $2000 to the $5000’s. There will be occasionally some large crashes as the price goes too high. I think there will be some panic when it happens. But sometimes it’s okay for the weak investors to get pruned out so the price can grow at a reasonable pace.
I agree.  The market looks like it may be getting overheated in the short term.  We need a correction or some good consolidation in order to continue upward.  If we don't get that soon--if we blow through $7500 and then $8k in the next day or two, we will be risking a much greater correction.
I actually agree, the dump after all these massive pump will be massive aswell. There's some bear trap but the real correction will be coming very soon. However, there's no guarantee that it'll really occur since seeing back from the past experiences. I've encountered some cases that indicates no correction after pumps and one of the example is when bitcoin just reached $6000. It's stay for not a long time and continuing to increase again.

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