$11k? Too fast or just hyped?

[thecodebear]

I was definitely expecting a drop around $10k back down to $7500 - though any crash would be very short lived just like the week long crash to $5500 on the 2x cancellation.

Still expecting a drop soon. But organic user growth is so huge right now it might not drop for a while. All these new people piling in aren't thinking oh I'll wait for a drop, they're now thinking "crap I coulda bought in $5000 lower a month ago, I better not wait now!"
After getting my parents (~80yo) a little interested in Bitcoin back in August, and a little bit more in October, they finally after seeing this month's rise opened up a Coinbase account last night, just one piece of anecdotal evidence.

So yeah I expect a drop at some point soon but I expect it to be very short lived. I do think we could hit $20k in or before April.

Yay crash time!

As I said in the above post, I've been expecting a crash around $10k. It just happened to go up to $11,450 or so before finally crashing. So far it dropped as low as under $8500, currently back around $10,000. I'm guessing it will continue dropping under $8000 overall and maybe take a few days to come back up. Though I dunno buy pressure is so huge and so much new money is coming in maybe it'll stabilize back over $10k very quickly.

Either way a good healthy drop today!

[jjacob]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I think the sharp drop below $10k shows that we did go up too fast. They hype about crossing $10k, coverage in all major media outlets and the phenomenal gains of bitcoin this year all played a part in getting people to invest. Now I hope we go up again slowly and steadily.

[Rickirs]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I think the sharp drop below $10k shows that we did go up too fast. They hype about crossing $10k, coverage in all major media outlets and the phenomenal gains of bitcoin this year all played a part in getting people to invest. Now I hope we go up again slowly and steadily.

True, now I am seeing more regular coverage in traditional media than ever, now even people with nothing to do with tech are showing interest in BTC .. time for another high soon, may be 13K next time ?

[ahmadakbari]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

Now we are seeing a bit of a pull back so maybe the price rose too quickly. This is probably just temporary but we don’t know for how long exactly and how low it will drop. I would guess that it’s a correction rather than a crash with some profit takers bringing the price down a little along with some panic sellers. This would be a good time to look at a target price for buying if anyone is ready to invest.

Yes, Agree with you. This is exactly what happening and it is not something new. Every time the price rises very much, then it is corrected and then it rises again.

[harizen]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

Why should we worried? It will just stress you honestly. Rather than take it as a worry thing to think, treat that as an advantage instead and take a ride. Right now there is a dip and those who take advantage selling at that price level got a profit. But now what in return? They have to wait now for more dip before can get in again because it's non sense if they will just bought today at the price of what they did their sell. They just should hold instead if that is the case.

The advantage of having too "fast" in the movement of bitcoin price is, we can expect a new high bottom after some large correction that will happened. Who wants to go back again for let's say $7,000 below after reaching this level? I doubt those waiting for that level will really buy coins.

Speculation? It will continue to rise so HODL.

I was definitely expecting a drop around $10k back down to $7500 - though any crash would be very short lived just like the week long crash to $5500 on the 2x cancellation.

Still expecting a drop soon. But organic user growth is so huge right now it might not drop for a while. All these new people piling in aren't thinking oh I'll wait for a drop, they're now thinking "crap I coulda bought in $5000 lower a month ago, I better not wait now!"
After getting my parents (~80yo) a little interested in Bitcoin back in August, and a little bit more in October, they finally after seeing this month's rise opened up a Coinbase account last night, just one piece of anecdotal evidence.

So yeah I expect a drop at some point soon but I expect it to be very short lived. I do think we could hit $20k in or before April.

Yay crash time!

As I said in the above post, I've been expecting a crash around $10k. It just happened to go up to $11,450 or so before finally crashing. So far it dropped as low as under $8500, currently back around $10,000. I'm guessing it will continue dropping under $8000 overall and maybe take a few days to come back up. Though I dunno buy pressure is so huge and so much new money is coming in maybe it'll stabilize back over $10k very quickly.

Either way a good healthy drop today!

You really called it a crash? To called it a crash it must be stayed for long duration but it didn't meaning there is no crash as price push up back. I think it's just stay for less than a hour.

[chineseprancing]

I think that for now it will increase incredibly high until CME release its product, then there will be a correction. But we will remain above 8000$ for sure, so not really worrying.

I'm not so sure if bitcoin value will going into deep this coming 2018, but don't worry because I'm sure that this coin will continue raising up. Because if you see the trend of bitcoin now in the market their price now are going up and if there's a time that it will fall down I think a little bit only. Moreover we don't need to worry regarding fall down of price, because I'm sure it was part of daily movement of bitcoin in stock market.

[Zadicar]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I'm not worried right now. Even if a correction does come it's going to be temporary, bitcoin's going to be shooting right up there in the 200 billion market cap region until at least the end of the year 2017.

It is rising fast, but compared to 2013 you'll see some obvious differences.

2013 is a "flash in the pan", whole thing lasted no more than 1 month, whilst this bull market's been going on for months now, nearly a year.

When we do try to compare on what happened on those previous years on the situation on where major price corrections did happen then I would say it wont possibly happen as of todays for sure since I can able to see that theres a strong support which a crash or too big correction is imminent.I was really surprised on how fast the price did rise in a matter of days and hitting up 11k+ price but well as expected it did able to reduce back to 9k.

[btcone111]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

Now we are seeing a bit of a pull back so maybe the price rose too quickly. This is probably just temporary but we don’t know for how long exactly and how low it will drop. I would guess that it’s a correction rather than a crash with some profit takers bringing the price down a little along with some panic sellers. This would be a good time to look at a target price for buying if anyone is ready to invest.

Yes, Agree with you. This is exactly what happening and it is not something new. Every time the price rises very much, then it is corrected and then it rises again.

Indeed it is healthy to see such a correction. Rising $1000 every two days is just horrible to watch. It does not make sense at all. Some kind of correction is indeed needed.

[BitHodler]

$11,000 a coin is severely undervalued if we consider investors getting in on this game. I would put the value of Bitcoin this year at $70,000 and next year at over quarter million dollars.

If the general public wants to be part of Bitcoin, then $1 million a Bitcoin will start to look paltry.

Once again, $11,000 a Bitcoin is very undervalued.

With such predictions you aren't making yourself look that credible. If we look at Bitcoin's long term potential, current levels are definitely undervalued, but it's the short term we're dealing with right now, and undervalued isn't part of it.

However, if we have CME come on board, we might end up shooting up even further, which basically means that even how overbought the short term market might be, it will ignore all this and increase even more.

I am not paying much attention to how this market bounces up and down today since I am not a trader. I just look at the market a few times a day to see what's up, and that's really it ~ we'll see where the market goes from here.

[bribed]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

Definitely too fast. In my opinion there should have been a rise until $5000 until the end of 2017. A constant organic rise. The way it actually soared up is not healthy, I guess everybody with some common sense has to agree here.

[PranDoW]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

[cellard]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

I don't believe the bull pressure is artificial at all. The tether FUD is just that, unfounded FUD. It is true that Bitfinex hasn't had an audit in 3 years and the damn thing could collapse for all I know, but the good news is: it doesn't really matter. The demand is real, and if tether went down, all of this money would go to Bitcoin. Altcoins would suffer the most, Bitcoin would benefit. Tether FUDsters are reading it wrong or being deliverately FUDish to try to crash the price and buy at a cheaper price.

[SCAR_8]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

I agree, there is a lot going on that we probably don't know about. I wouldn't be surprised if there is another run up on BCH soon either to try and get all the miners to switch back. Who knows.

[Mr.grin]

a fairly rapid rise keeps the bitcoin price down quickly. well, this is really happening at the moment. bitcoin prices dropped $ 1000 in less than 2 hours. at this time, bitcoin prices will stabilize at a price of $ 10k in some time.

[jinksters09]

People are getting hyped of the fast pacing increase in the price of bitcoin. I mean who wouldn't be with the price increasing unto 10,000 just before November ends for sure many people are getting more motivated to invest in bitcoin. So basically that is one of the reasons why I see no fall of bitcoin and the increase will even go high as many would expect it to be.

[culuuton]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

I agree, there is a lot going on that we probably don't know about. I wouldn't be surprised if there is another run up on BCH soon either to try and get all the miners to switch back. Who knows.

Everyone usually say bitcoin will drop but it's hard happen now. Bitcoin's upward trend is considered unstoppable by experts. Everyone is waiting for the Bitcoin price at the end of the year.

[Yaunfitda]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

I agree, there is a lot going on that we probably don't know about. I wouldn't be surprised if there is another run up on BCH soon either to try and get all the miners to switch back. Who knows.

Everyone usually say bitcoin will drop but it's hard happen now. Bitcoin's upward trend is considered unstoppable by experts. Everyone is waiting for the Bitcoin price at the end of the year.

I might be one of those who didn't see bitcoin rise to $11,000. Maybe its too fast that it quickly drop to $10,000 today and now its trading above $10,620 as per coinmarketcap. There's still a lot we don't know and don't understand what's keeping this uptrend, price manipulation? Maybe. Who knows?

So for me, although its a fast climb to $11,000, price above $10,000 is sustainable, with few minor corrections along the way but sustainable. And with CME coming on-board next month (if rumors is true) then bitcoin could shoot up once again to $11,000 and stay there.

I still have though the attack coming from Bitcoin Cash at the back of my mind. They will still try to grab some of that cash flowing to bitcoin ecosystem, but I don't think they will succeed long term.

Just continue to HODL, its the best and logical choice for now.

[thecodebear]

Looks like today's price action was maybe just a quick correction rather than turning into a big crash, but I guess we'll see what happens the next few days. Right now it looks pretty stable above $10k. Would love to just see some sideways action in the 10,000s for a few days before starting to push up to possible $13k-$15k by end of the year.

[asu]

Maybe? We really really like this right if bitcoin reaches $11,000. Then it's really good right? Even if it's too fast bitcoin say's it all and giving us more and more opportunity... Because of that many big people will more convince to invest and take a part in to cryptoworld such as BITCOINERS. All i can say? Better to increased now and go up into $25,000 hahaha even if it's to exoensive and fast hahahaha

[sana54210]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I'm not worried right now. Even if a correction does come it's going to be temporary, bitcoin's going to be shooting right up there in the 200 billion market cap region until at least the end of the year 2017.

It is rising fast, but compared to 2013 you'll see some obvious differences.

2013 is a "flash in the pan", whole thing lasted no more than 1 month, whilst this bull market's been going on for months now, nearly a year.

A lot has changed over the years and I agree with you that this cannot be compared to 2013. A lot of investors know what they are getting into and are ready to be a part of something big.

Any correction that would happen may not be huge but a lot is going to keep happening in the long run and next year will surely bring even much more surprises than what we are seeing so far. I won't say we have seen too fast yet, but we are getting there.