tonight is the correction

[Baka01]

the correction is coming , back to 8k?

[Sinistlercoin]

Why not?  It's already dropped below $10K.

[RobbieDK]

Could be...

And after that, we can start building up to the 15K again

[joshmontford]

I believe it is going to drop at least to 9k, but 8k seems a bit much. But judging from previous corrections, it can go as low as 8, sure, why not.

[tk808]

Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD (Bitfinex volume/price), possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.  

It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.

[blackwidow7]

I hope altcoins are not damaged hard in the meantime.

[tk808]

I hope altcoins are not damaged hard in the meantime.

Almost all altcoins are going to be in the red, i've been in this game long enough to know these markets and the panic behind it all

[Baka01]

8.7 k btc in 1 hour , from 11K

[Zocadas]

No, it will continue its way up to 50000 $ to 100000$. Speculants entried and buy like crazies. News media are also very interested in spreading out  Bitcoin course abroad, so more and more people want to benefit on the new money. BTC is unstoppable right know and the next months with little breaks, fortunately.

[Cherylstar86]

Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k. 

Well it seems that the possibility of more dumps is there so we must expect for that and I will recommend the new investors to just wait for a few days, pause the buying desires because eventually price will decline and you will be able to buy after price will dive down. Eventually after the crash I don't think that the price between $9K-10K will lowers down, and yet we can see that this value has been stabilized so far for now. We must not expect for the worst like Silk Road or something because bitcoin is a growing digital currency, yet Silk road is a trading site who has a failure to manage assets from investors.

[Sinistlercoin]

I hope altcoins are not damaged hard in the meantime.

ETH is already taking a hit.  Hold steady.  This is just a sell off, and we'll be back up in no time.

[tk808]

Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k. 

Well it seems that the possibility of more dumps is there so we must expect for that and I will recommend the new investors to just wait for a few days, pause the buying desires because eventually price will decline and you will be able to buy after price will dive down. Eventually after the crash I don't think that the price between $9K-10K will lowers down, and yet we can see that this value has been stabilized so far for now. We must not expect for the worst like Silk Road or something because bitcoin is a growing digital currency, yet Silk road is a trading site who has a failure to manage assets from investors.

No, Bitcoin didn't collapse because of Silk road, it grew because of the awareness, leading from 100usd BTC to 1200 USD in 1 month, 1000% gains. Similar here, but the market is more massive by a enormous factor.

Wait it out boys, we are headed into the 2nd dark era of price stabilization for Bitcoin soon.

[Elby]

Why is the correction taking place? Because of the hype or other reason(s)?

[aloha99]

Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.

The rebound will occur when BTC hits 9200-9000 USD, possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.  

It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.

I am not from people who keep saying that bitcoin will hit 500k and this kind of forecasts. However, I think 5k is too much for a correction. Only if it will be not like other ones.
Can you explain to us why you are bearish for bitcoin ?

[svojoe]

Yeah, it looks like you are right. It's only the matter of time when the correction should begin. If it's not started yet then it probably will start closer to the end of the year when big investors will start to fix their income.

[2Pac]

Correction to only Bitcoin or completely crypto-coins? They took the bubble of Bitcoin already, altcoins followed too. They can stay there for a while. It's not a good time to leave completely.

[NeuroticFish]

With the news about Nasdaq on Bitcoin I didn't expect this.
I am not convinced if it's correction or manipulation, it happens too fast.

[Baka01]

No, it will continue its way up to 50000 $ to 100000$. Speculants entried and buy like crazies. News media are also very interested in spreading out  Bitcoin course abroad, so more and more people want to benefit on the new money. BTC is unstoppable right know and the next months with little breaks, fortunately.

it just went down to 8.7 k , i think it ll go up

[tk808]

Correction to only Bitcoin or completely crypto-coins? They took the bubble of Bitcoin already, altcoins followed too. They can stay there for a while. It's not a good time to leave completely.

to most coins, it's already begun, all the alt markets that were green in the last 2 days are in the red today.

[Elby]

Think it is just a short correction, they will be green soon