Crash time 6,800$

[Jating]

bitcoin drooped from 7,000$ range today and keep down do you think price will crash back to 5,000$ or this small correction

You are too quick to judge and call it a crash, $6800 is still a good price imho. I think you have too much expectations on the price and that it very wrong. And sooner or later a price correction is needed because the price is really going up really fast and that is not sustainable in the long term.

And when segwit officially cancelled, its only logical that correction is then coming. But is not a crash that you are talking about. If is going to crash then we should be seeing a huge drop but we didn't and I consider 6800$ a strong price. Are you not satisfied with 6800$ though?

[thecodebear]

bitcoin drooped from 7,000$ range today and keep down do you think price will crash back to 5,000$ or this small correction

You are too quick to judge and call it a crash, $6800 is still a good price imho. I think you have too much expectations on the price and that it very wrong. And sooner or later a price correction is needed because the price is really going up really fast and that is not sustainable in the long term.

And when segwit officially cancelled, its only logical that correction is then coming. But is not a crash that you are talking about. If is going to crash then we should be seeing a huge drop but we didn't and I consider 6800$ a strong price. Are you not satisfied with 6800$ though?

Exactly. A crash would test $5000 base, just like the crash from $5000 tested the $3000 base. Now it could still drop more. But seeing as how this is just a correction from people moving back into altcoins since the fork was cancelled, it will likely not turn into a crash and is instead just a correction that will consolidate somewhere in the 6000s before hitting new ATH in the 8000s and 9000s by end of the year, maybe even taking a run at $10k next month.

[Hishadinin]

small correction because crash make back to 5,000$ like what happen at china ban

[Slark]

For me it is funny that every time when we have some correction, uncertainty backed by price dip there are voices like this:
"Is this the beginning of the end for bitcoin? Should I switch to Bitcoin cash? Should I get my money out?"
Guys, hold your horses, stop whining, stop overthinking everything, look in the rear mirror to see that something like this happened MANY times in the past.
It is great opportunity to buy more Bitcoins, nothing more.

[bitcoinisbest]

small correction because crash make back to 5,000$ like what happen at china ban

If we consider in past 2 days from 7800$ rise the market has today fallen over 1000$ and is trading at 6700$ below. Is it a big crash coming as fork got cancelled and then went high and then started to fall. Ideally it should bounce back but just need to see if there is any demand in the market.

[Mehedi72]

Yeah you are right.  Bitcoin already dump around 6900$ and now 1 Bitcoin equals 6828.06 US Dollar. Possible to go down more but i Always believe in bitcoin and i think bitcoin able to recover its price within 1 month and  obviously can hit 10k dollsr or more in the next few months

[LoyceV]

For me it is funny that every time when we have some correction, uncertainty backed by price dip there are voices like this:
"Is this the beginning of the end for bitcoin? Should I switch to Bitcoin cash? Should I get my money out?"

These "crashes" are designed to make people panic, and it works flawlessly.
$6500 now, the same as it was just 9 days ago, when it was called an ATH.

[SirgulioB]

It would be nice to have a period of consolidation where bitcoin moves sideways for a few months. We've had enough drama to last a lifetime, and it needs to establish a floor for the price before it makes it's next move up.

Agree. We need some time to make money on alts. It seems impossible when bitcoin grows.

[bitcoin31]

I hope bitcoin price will not down at 5000 dollars because I want to see bitcoin price increase not to decrease.
But we don't know what actually happen to bitcoin maybe it will increase the price again or it will decrease more.
For sure many people as of now want bitcoin price decrease because they want to buy bitcoin with cheap price.