Dump/Correction @ 10k

[fabiorem]

I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

But how much will it fall? I think the floor is already on 7000's.

If they keep doing those leaps from one coin to the other, we will have a lot of entry points, and opportunities to dump the remaining BCH.

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[marky89]

I think there might be a dump this friday/saturday - the BTC difficuloty retargets, and I expect the difficulty will get higher and miners will then move to BCH, which then has the effect of building bitcoin's mempool and fees again.

Didn't Bcash hard fork to make the difficulty retargets less volatile? I don't think it has those drastic drops anymore, which is supposed to prevent those periods of hyperinflation where miners are producing blocks every minute. So, that should mitigate things a bit.

Also, Bitmain (or whoever the spammer is) has been attacking the network with spam for days/weeks already. I guess it'll take priority fees from the current 150k satoshis per byte to.... 500k or 750k? It sucks, but I think people are starting to see through the manipulation by now. And Bitmain doesn't have the "rational miner" excuse regarding Bcash's EDA anymore.

This will keep happening because there is now competition for sha-256 miners (which there wasn't before).

There have always been other SHA-256 coins. If you look at Bcash's hash rate, the vast majority is Bitmain (the lone unknown miner and its proxy, VIAbtc). Bitmain is trying to manipulate people into believing that "miners" are moving to Bcash. But it's just Bitmain.....

[xuan87]

If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

[Ayiranorea]

If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

The price will surely reach $10000 or even higher than the quoted value before the year end. Everything is completely upon the market acceptance, price correction after each phase of growth is assured. Same will be taking place this time too. The growth happening will take the price stay above $10000 from the beginning of the year 2018.

[ha_ham_bk]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

I think keep bitcoin, after the split, the bitcoin price will increase very high, believe it

[1Referee]

If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again

It makes sense for the market to correct when reaching a whole new ground level (i.e higher figure level), but there is no such a thing as definitely in a market like we have seen this year. It breaks through every level we thought was impossible to reach this year, so we're nothing more than bystanders here. I will cash out a reasonable chunk of my profits as soon as we go over the $9500 level (I will not wait for the market to touch $10,000), and then wait for a correction that does actually make sense, but might not come.

[ahmadakbari]

It depends on how the price reach 10000 dollar. If the price reach 1000 very quickly and by manipulations, yes there will be correction, but I don't think the price will drop to under current price.
But if the price reach 10000 dollar slowly like what we see now, I think the price rise will continue after that too.

[parobber]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

[suvo05]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

[BitMaxz]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Not every couple of week bitcoin is volatile we really don't know when the price will increase and when the price of bitcoin could be drop..
But bitcoin price is in new level of price.. That i think if we compare the movement last year i think this time we will see big increase of bitcoin until december so .. I feel that the price can be increase nearly $10k i couldn't say that it can reach above $10k but it can be possible it will be still depends in the movement of the price..
So if the price was hit until $8500 above expect that the price can increase more than $9,000.

[AngelSky]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now.

Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market.

Bumps and dump is normal in the price chart dude you can find the bitcoin price index fluctuated normally because that is how it is been made. we see the bitcoin price is noticed.
Dump is normally give the space for the investors to make the profit with the bitcoin like buying it more to get the decent profit when the bitcoin bumps more.

[aso118]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

In 2013, people thought that there will be a massive correction at $1000, but the price actually went to $1300. I think once it crosses $10k, it might go a little bit higher before dropping down. When it does drop, I think it could go to $6k.

[Eternu]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?
I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?
Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Your thoughts  

From time to time there are always some correction of price, and I think that is necessary because price is rising so high. You think it will happen around 10,000$... well i guess that is possible yes. If it happens in that moment, I do not think it will go under 9000$. Correction of 1000$ is a lot, to some people it doesn't seam much, but it is. And as far as trading is concerned, I don't know what I'm going to do. Probably what you suggested, but we will see. Long time till 10000$ .

[richardsNY]

In 2013, people thought that there will be a massive correction at $1000, but the price actually went to $1300. I think once it crosses $10k, it might go a little bit higher before dropping down. When it does drop, I think it could go to $6k.

It did correct massively after the all time high back in 2013, where it kept falling till it reached the bottom well under the $200 level. Other than that, so far there hasn't been any USD exchange reach the $10,000 level. I think you're more referring to certain countries that are buying up Bitcoin in an attempt to hedge their insanely deflating currencies, where the market in Zimbabwe reached $13,000 due to the insane demand very recently. Other than that, any round price level could be a reason to initiate a correction, where the $10,000 level of course isn't an exception.

[ivrynx]

Even if the price went over 10000 USD, there will always be a correction in the market, we might see a little dip, but it is healthy since it is a volatile investment,  it is just normal, since we cannot tell when will the price will be at 10000 USD, there might be a hype on that time or a nice bull run, and after that, once people see a high percentage of gain, people will always do profit taking. We should not be worry about a correction in the market, it will only give us time to plan further ahead.

[Kingofbitcoin12345]

Endless possibilities are on the bitcoin holders,, we do have individual strategy to get away from lost and gain from it.. Sometimes we overlooked on prices much that we are distracted towards our fear on corrections and decreases.. It is meant to be because the price is not stable but keep a good hold on your bitcoin as it will be a rougher obstacle ahead as the war between the elites with the banks and cryptocurrency with masses is still and will continue..

[BitHodler]

It doesn't matter anymore. Every dump is being followed up by an even higher high afterwards. It has happened several times already, and as long as the bullish sentiment remains strong, nothing will change.

Institutions are closer to entering this market than ever before, and with such a strong bullish aspect to hold on to, it will thrive this market to newer highs in the next year as well ~ another incentive boost for people to keep hodling.

I quite often have been tempted to secure profits this year, but haven't done so because I am a firm believer of Bitcoin's long term potential. Current price once again confirms that hodling pays off.

[iv4n]

It doesn't matter anymore. Every dump is being followed up by an even higher high afterwards. It has happened several times already, and as long as the bullish sentiment remains strong, nothing will change.

Institutions are closer to entering this market than ever before, and with such a strong bullish aspect to hold on to, it will thrive this market to newer highs in the next year as well ~ another incentive boost for people to keep hodling.

I quite often have been tempted to secure profits this year, but haven't done so because I am a firm believer of Bitcoin's long term potential. Current price once again confirms that hodling pays off.

Who can't agree with you in this one? Just some blind people who don't see reality probably. Bitcoin is beating all odds and continues to grow, year ago that was slow and steady rise, now things are faster and price go up and down in higher range.
If institutions get into bitcoin then buying now and holding is the best possible strategy. Recent survey about when bitcoin holders plan to sell their coins shows that 5 digits price is something that many people waits and that is not impossible anymore. When ever bitcoin is going down is chance for buying more bitcoins little cheaper.

[Happichfun]

will be Dump to 9,000$ and then small correction to 8,600$

[teilwalL05]

will be Dump to 9,000$ and then small correction to 8,600$

Well it can be that way and not what OP had Speculated because I don't really think we are ready to go beyond the 5 digit price, a correction will sure occur, and even if we can tell how did bitcoin manage to go this far a drop is inevitable and may occur anytime soon