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Author Topic: Is bitcoin undergoing a correction?  (Read 974 times)
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November 10, 2017, 10:59:05 PM
 #21

everyone should relax! It's just a normal correction after such a big rise in that short time Wink

Somehow it's really funny, because everytime bitcoin is going up everyone is speculating how it will rise to the moon. However, when it has a little correction everyone is questioning what they said before and think they'll lose most of their money.
All the altcoins are going up and down with sometimes +/- 20-100% in shortterm, but somehow it doesn't get so much attention. It's just because Bitcoin got this really big value and even 10% of it is worth more than any altcoin so far.
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November 10, 2017, 11:05:37 PM
 #22

I think it has. When the price reaches another ATH at $7000, people never thought of it to be corrected since there will be a fork. But the fork was canceled so I think we are now seeing the correction.

BTC looks like its not gonna crash today. thats good news.

I do not know why it became a good news but I think altcoins and bitcoin is going down for some reason.
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November 10, 2017, 11:07:10 PM
 #23

correction can't down to 6000$ that is my speculation
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November 10, 2017, 11:11:55 PM
 #24

It has been more down, I think its due to the segwit cancellation aftermath. Sooner or later it will be back in regular pricing.

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November 10, 2017, 11:26:26 PM
 #25

yes, in my opinion. Corrections are generally thought to be at least down from the top. Considering the price dropped from mid 7000 to mid 6000s, and now down more than 10%, so pretty much to make the correction objectively.
could just keep going down, that's the importance of HODLING. so I'm selling because the price goes up from a declining sale, but if I'm too rash and worried about losing money, I'd better cut my losses right now.
everyone especially myself do not want to get caught in bear market if you just bought it.
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November 10, 2017, 11:27:50 PM
 #26

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

It's a correction long over due...
Let's see how low it'll go.
Some simple TA indicates next level at $6200
Never did reach below $6500 so maybe another one is to come to get closer to $6000.
Then it can pump up again quickly like it did earlier in the week during the last one.

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November 10, 2017, 11:30:41 PM
 #27

It is normal after the fork, it will keep dropping but slow at first as people are wondering if it is a serious correction. Then it will drop sharply as they realise that they need to sell quick otherwise all gains will be for nothing.

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November 10, 2017, 11:35:44 PM
 #28

It has been more down, I think its due to the segwit cancellation aftermath. Sooner or later it will be back in regular pricing.
Yes I think btc drops possible if segwit cancellation. The normal situation in btc after this correction it will be back the rising value. And it will continues be high, bitcoin will be on the moves again soon after this correction.

       
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November 10, 2017, 11:38:17 PM
 #29

Yes i think so, but for me it’s normal after hitting the peak but for sure it’s just a short period of correction. Well i will take this opportunity to get more bitcoin and you should do this also because bitcoin will surely pump again.

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November 10, 2017, 11:45:15 PM
 #30

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

Yes, we are now on a correction. Everyone is buying bitcoin cash now and with the fall of bitcoin there's a domino effect for other alt coins too except bitcoin cash. Normal correction, this is expected when bitcoin is pumping very quick don't think that it will last forever. And this is the opposite reaction of that pump so we are reacting according to the market value of a coin and the increase goes to bch for now.

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November 10, 2017, 11:48:15 PM
 #31

man i just bought some this morning. I haven't traded for so long cuz i lost money and now I'm losing again. this sucks
Hope you are following the news before investing,got the news that the proposed fork is canceled and expect the price to go down a bit after those things as people were investing heavily to get the split coins in equal share and never expect to see the price of bitcoin just rising all the time,accept these sort of correction too,hold on to your coins and you will end up in a profit.














 

 

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Ucy
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November 10, 2017, 11:51:23 PM
 #32

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

This is Cryptocurrency World for you. Prices aren't set on stone.
Bitcoin cannot always go up all the time. Don't expect too much from it. It's susceptible to volatility too. It has done really well this year. We need to be very grateful.


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November 10, 2017, 11:57:45 PM
 #33

Most currencies down today. Good be an opportunity to buy if you can hit at the bottom.

Almost everything will probably keep the downtrend for at least a couple of weeks with minor ups and big downs, I expect it will touch 4500 euro before we start the uptrend again.

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November 11, 2017, 12:05:10 AM
 #34

yes bitcoin will still price correction, as in the events before it there must be a saturation point of a price. there is a negotiation between buyers and sell to determine a reasonable price, but I still believe bitcoin will go back up in price after a correction
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November 11, 2017, 12:08:17 AM
 #35

yes it is.. now bitcoin is undergoing correction and we will see how deep it will be, even though bitcoin undergoes a deep correction i always believe bitcoin price could bounce back for create a new price record highs.

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November 11, 2017, 12:08:49 AM
 #36

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

This correction was expected when the Segwit 2X fork was called off two days back. The investors who invested in bitcoin with the hope of getting free 2X coins, they are now pulling their funds back to invest in different assets or waiting for another suitable opportunity. The market cap has also come down to 109 billion USD from 124 billion USD due to this reason. However, I see strong support at 6500 USD level so I don't expect it will go down any further. It is just strengthening its base before taking the next jump, it's just a required correction and nothing else. It gives a lot of people an opportunity to enter in to bitcoin at a cheaper price.

Yeah, I'm thinking it will go down to 6400 and then go back up a bit. I'm holding. I was hoping more altcoins would rally but they experienced a fall. I still think Litecoin is undervalued so I am going to put some funds into that then dump when they go up 20% or so and buy BTC.

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November 11, 2017, 12:50:05 AM
 #37

Nothing unexpected. It was obvious that correction will happen. Segwit2x cancelled and people moving their funds from Bitcoin back to Altcoins. And now lot of money moving to Bitcoin Cash and their volume almost equall to Bitcoin.
Now it's question, when and where Bitcoin will stabilize. My prediction that it won't go bellow $6000.

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November 11, 2017, 12:58:27 AM
 #38

Its down over $500 from yesterday and seems like its going to go down more. I hope not.
if the bitcoin value goes down I think it's natural but I'm sure bitcoin will continue to rise its value in the future I believe with it I will still save and access bitcoin because I have to this day still get profit


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November 11, 2017, 01:10:48 AM
 #39

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

Most likely yes, the market is undergoing a price correction. Its now down to $6500 from the previous highs of $7000++. I guess everyone is not surprised to see the price drop as the Segwit2x anticipation, which drove the price to a massive bullrun is already postponed. Investors are shifting and moving their funds somewhere else, to altcoins and simply taking profit. I guess you bought bitcoin at high's, but don't worry and just stay calm and just hold on your bitcoin. This correction is also temporary and we might see the price rising up again in the next coming days.

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November 11, 2017, 01:32:34 AM
 #40

Wu is dumping Bitcoin for his Bitcoin cash, and when he pumped Bitcoin cash high enough, he'll dump them again for Bitcoin. or I could be totally mistaken as I'm just a beggar here, I don't know nothing about financial markets and ecosystem, I'm just sad because no body is sharing their new Bitcoin fork coins with us, BCH now has $16 billion marketcap, they pulled $16 billion out of their asses and now are back again to pull out more with a new name but the same people and the same boost mining capability.

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  ▮    guaranteed returns                 ●TELEGRAM                         
  ▮  of the travel industry
    ⭐  ●Ann Thread ●Instagram   ⭐ 
✅    U.S.Sec    ➡️
✅  approved!  ➡️
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