Dump/Correction @ 10k

[Blue9999]

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  

[1715550466]

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[chaser15]

Like the title says what do you guy 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 

As if a person here knows what will happened.

Instead of thinking that, plan things on what will you do if ever there will be a correction price after reaching $10,000. The market is unpredictable so don't stress yourself on the upcoming scenarios but instead, go with the flow. What flow is that? You are the one who will decide.

[sicparvismagna]

Well if that happens then we'll just have to sell when we need or want to the investment we make will always vary upon every decision we made. If the price fall then it would be a good time to sell bitcoin. We cannot control the flow of the price of bitcoin it will always change which is inevitable and something we cannot do about. Focus what is important today before you worry about the future.

[Baofeng]

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 speculate that around $8200-$8500 will be the profit taking for most traders around. $8000 has been breached but a just a little dip still. I though that $8000 is the mental barrier but it looks like it isn't because the price is still dancing around $7900-$8000. Correction will happen as above mentioned price but it will just dip a little, maybe $7500 tops is the floor price that we can get.

Its still gonna be too steep for us casual but boy those big investors will really be suckered to bought at this 'discounted' price. And then after the correction we may see it marches toward $10000 at the end of the year of maybe early 2018. That would be great if finally we are going to touch a 5 digit for bitcoin in 2018. Another milestone and one for the books.

[pooya87]

what is it exactly you want to know? we don't have a crystal ball to see into the future and tell you what will happen by then! there are a lot of different scenarios can happen. price may break $10K and continue going up just as fast and break $12K and then correct back to $11K. or it can be another one of those jump ropes when price goes above $10K and comes below and back up again and again.

worse case scenario with bitcoin drops are usually 30% drop. for example when the panic dump of SegWit2x-BCH pump began the price dropped about 28%. so in case something unexpected happens around $10K, the 30% drop is reaching $7000.
although you should remember than as we go forward and market expands these drops become smaller as the resistance grows so next year the worse case scenario drops may shrink to 20% and less.

and that is worse case scenario not a correction. corrections are going to be less than 10% usually.

[AVAMONEY]

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  

The price is very difficult to predictable, even if there will be a correction fall to 9k, 8k, some people believes that was good time to buy more bitcoins.
We have seen many people selling their bitcoins when price was fall, it is panic situation only or they like to make instant profit by sell it before price falls and buy at the cheapest price, but always bitcoins will recovery to the previous price.

[Factmine]

I think this is a high possibility right now since bitcoin prices does not look like it will go down in the next few weeks. Probably if it suddenly goes up to $10,000 usd then likely we'll see another correction, however I don't think it will go down below $8,000 anymore and probably the lowest could reach $8,500. Well, lets do hope it does reach $10,000 in within this year.

[AT101ET]

$10,000 will be the point at which BTC will be taken seriously by all those who doubted it. Over the last week or so I’ve met friends and family who have all told me that they’ve now bought into BTC. Once we pass the $10k mark I think those who were calling it a bubble will start buying in themselves. More people would want to get in on the bandwagon and the price will continue to rise (at a slower rate due to the number of people who’d sell part of their coins at that price point).

[YuginKadoya]

I think this is a high possibility right now since bitcoin prices does not look like it will go down in the next few weeks. Probably if it suddenly goes up to $10,000 usd then likely we'll see another correction, however I don't think it will go down below $8,000 anymore and probably the lowest could reach $8,500. Well, lets do hope it does reach $10,000 in within this year.

I would think it can never be a $10,000 dollar we are way near that value but I think it is too early to go the 5 digit value If you ask me when we can get there I really think at the mid of December it can be possible, well let's see that is the time of the year when there are so many people that can get there bonuses and if they surely know about bitcoin many would invest in cryptocurrency.

[boyptc]

Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ?

I think there will be even a correction when bitcoin hits $8,500 and like what's happening now bitcoin is hard hitting to be stable at $8,000. It did reached $8,000 but still it went back at $7,997. And besides $10k is still far from reality though I believe we'll be there.

I think it will happen but the question is how much the market will fall ? 9K,8K,7k ?

Getting there, probably it will be back at $7,000.

Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ?

Will buy some but mostly with these dips I'm not really active, I'm good by holding for long.

[Lucius]

Many people will sell at 10k$ and there will be correction of price-and how much will go down depends on the amount of dumped coins.I think there is two type of people,one have a goal to sell at a certain price,take profit and finish with BTC.The others will sell part of coins and hope for correction to buy back at a low price.

I personally choose not to sell,even trading can bring profit but it is also a risk.Just holding BTC in last 2-3 years was extremely profitable.

[seasonw]

It seems like $10k is the next checkpoint for BTC since it already breaks $8000, but I think BTC will grow slowly without a solid news, listing at CME group is a good news to BTC, we will see if it will be listed next month.

[alyssa85]

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).

[lumeire]

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).

Well if the price keeps up and running along with the difficulty, profitability should stay the same.

Anyway, the price is too haywire at this point, it's probably a bubble running at it's peak, so expect quite a crash soon.

[illinest]

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'm pretty sure there will be an attempt to dump there due to the assumption that it's a "psychological barrier." However, like $1000 during the 2013 rally, I think bulls will cut through $10,000 like warm butter.

What's a bitcoin rally without a blow off top? So I'm thinking we'll get one last epic bear trap off $10,000 and then a final short squeeze to $12,000-15,000. This is all uncharted territory, so all we can do is guess. But BTC tends to overshoot targets, not undershoot them. So I'm thinking at least $12k on this run.

[Theb]

Their will be if it failed to penetrate the 10,000$ price in one try, when you look at the Bitcoin Price Chart you will notice that when it penetrated the 7,000$ level it has stayed there for a couple of days before it got down as it has successfully penetrated the price point which in return has established a support in that level. Study support and resistance and you will know how far will the price correction go, also breaking into an all time high will give your trade more risk because there is no resistance whatsoever that is why you need to be cautious when Bitcoin is going to a new price level.

[tomahawk9]

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 the 10k mark could be the point where Bitcoin might actually be taken more seriously by the govt and central banks. I wouldn't be surprised if we start reading news about regulations in some countries, more FUD from CEOs and bankers, along with mass media. I have the feeling that once we reach 10k it's not going as smooth as it is right now when we hit a new ATH.

But, let's not get ahead of ourselves, we still need to reach the 9k mark.

[LFC_Bitcoin]

I won’t be taking any profits at 10k, my free BCH have given me money to spend & enjoy. My bitcoin’s are staying untouched in cold storage, maybe sell around 75% at 20k.

[bucciarati]

going over 10.000 usd is a psycological step toward the next mileston of 100.000 usd

it will take a but but in my opinion less then what needed to pass the 10.000 mark (if we are going to pass it)

[warrior333]

Bitcoin will always increase in price until the core strategy of the users is to keep the coins. Periodically, the whales arrange the dumps in order to destabilize the situation in the market. They buy cheap coins those who do not believe in bitcoin until the end. If you buy a bitcoin when it is cheaper it can leave the whales without the coins, but bitcoin price is too high in order to resist the whales.