hugeblack (OP)
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November 30, 2017, 11:36:15 AM
Last edit: May 13, 2019, 02:17:58 PM by hugeblack |
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The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000.[1]
2017-11-26 price was 8,200$
2017-11-29 price was 11,000$
2017-11-30 price 9,800$
Is this crash or small/huge correction? Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/ |
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DaMut
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November 30, 2017, 12:16:15 PM |
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it should be correction,
for me it's far from crash because right now Bitcoin got a lot of attention from people,
so it's impossible to see it crash and burst.
if we're looking at our movement lately we should understand that we're moving like crazy from $700 to this point,
which mean we're moving 10x from our average price which is around $700,
but i doubt it that we will see it around that much at least we will see it around $6000~$7000.
because if we're seeing it around that price,many people will suffer and i believe Bitcoin will be crash.
i believe they(whales) do not to see it and more likely they will try to tank it or stabilize it around $6000~$7000,
afterward altcoin party begin.
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matuson
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November 30, 2017, 12:23:17 PM |
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It seems to me that this is not a correction. The market cannot decide what it was. Such huge surges of bitcoin have not committed more than ever. Volatility in the range of $ 2000 in two days! You have to adapt. The higher bitcoin price the more will be the oscillations. I think that next year it will be common practice.
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alyssa85
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November 30, 2017, 12:48:56 PM |
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A crash is a drop of about 30% or more. That would take bitcoin to about $7700. The price is around $9700 right now - so it's a correction, and it's consolidating between $9000 and $10,000. Which is fine. It went up just too fast.
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thecodebear
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November 30, 2017, 01:04:20 PM |
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Seems to just be a correction. I though after going under 8500 and then going back over 10,000 yesterday we'd then see a drop down to 8000 but it didn't happen. I expect it'll be back over $11k next week and start hitting ATHs again.
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bribed
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November 30, 2017, 01:25:17 PM |
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I think that the correction is underway, with the whole market being red and total market cap decreasing. But as it seems the market cannot really decide in which direction it is heading. But my feeling is that the correction is happening now, and if this was not it already, it is waiting around the corner and will come soon. Just my feeling though.
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linyhan
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November 30, 2017, 02:07:51 PM |
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Come on guys ,admit it theres no correction on the price of bitcoin its purely manipulation.
Im sure of it that next month is another ath probably 12000 to $14k.
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aardvark15
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November 30, 2017, 02:28:26 PM |
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The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000. [1]2017-11-26 price was 8,200$ 2017-11-29 price was 11,000$ 2017-11-30 price 9,800$ Is this crash or small/huge correction? Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/I wouldn’t call it a crash yet but it could get there. I don’t know the exact definition of a crash, but if the price drops by 50% that would seem like we are getting to crash territory. Now it just seems like a correction or consolidation. But don’t quote me on that because I’m not an expert. Either way, I will ride it out as long as it takes because my investments are long term. I have no plans to sell for at least a few years. |
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RealPhotoshoper
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November 30, 2017, 02:34:42 PM |
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A crash is a drop of about 30% or more. That would take bitcoin to about $7700. The price is around $9700 right now - so it's a correction, and it's consolidating between $9000 and $10,000. Which is fine. It went up just too fast.
Crash , a sudden rapid drop price. Correction , a slow drop price and usually takes several times hit the market. That's the definition of crash and correction for me , i cannot judge the market yet for now. Let's see in the next few days , but i believe this gonna be a crash. Be ready for it. |
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ChainSmoker
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November 30, 2017, 04:12:33 PM |
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It is a correction.Also many people are panic selling because of FUD.Whales as usual are taking their profits.I personally think price is falling because of correction as bitcoin price rise too much in short period of time.Once the correction is over we will see a stable incease in bitcoin price  |
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mobnepal
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November 30, 2017, 06:33:18 PM |
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Its just correction and not a crash as drop is not over 10% in last 24 hour, 10% might sound huge but in crypto it is just a normal drop. Bitcoin price will surge again and the one who will buy all these cheap bitcoins will be the one with happy faces in next few days. I am buying at current prices and will not sell below $15k in future. |
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Splelton
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November 30, 2017, 06:50:28 PM |
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Just a correcton. Imo we could talk about a crash if price is 5k$. In a week it will be ATH again if it continues like this.
Too bad the alts are suffering..
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Basmic
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November 30, 2017, 06:58:14 PM |
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Its just correction and not a crash as drop is not over 10% in last 24 hour, 10% might sound huge but in crypto it is just a normal drop. Bitcoin price will surge again and the one who will buy all these cheap bitcoins will be the one with happy faces in next few days. I am buying at current prices and will not sell below $15k in future. It seems to me that 9000 dollars is not the limit of fall. I don't buy at this price. I'm sure that the next leap of bitcoin will be up to $ 12,000, but before this should be the maximum retracement. The real price of bitcoin is now 9000-10000 dollars. So I'll wait for another price reduction. |
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ajqjjj
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November 30, 2017, 07:04:39 PM |
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The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000. [1]2017-11-26 price was 8,200$ 2017-11-29 price was 11,000$ 2017-11-30 price 9,800$ Is this crash or small/huge correction? Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/No need to worry at all. This is correction you will find the crash little more in the chart like touching down to 9k USD to then automatically recover back to the peak by taking the time around 20 days. This how bitcoin price chart is reacting from the August when the time we find the hard fork. Now I think that this is the same issue again this time. Please wait for sometime you will find the bitcoin price to touch the end of December. |
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btcone111
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November 30, 2017, 07:16:18 PM |
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I think the market is still undecided on whether this is a correctio or crash. If the selling order is able to cut through 7K level, then it will be a "crash", because likely it will find the next support level at 5K.
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proudhon
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November 30, 2017, 07:23:49 PM |
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Clearly a crash. This is the crash that will finally convince people that bitcoin (and all cryptocurrencies) are failed experiments. We will drift downward from here in fits and starts until the last person walks away and we're at zero, or nearly zero. The world will move on to something else. This is all pretty clear in the data analysis of TA and other sources.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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thecodebear
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November 30, 2017, 07:39:02 PM |
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Clearly a crash. This is the crash that will finally convince people that bitcoin (and all cryptocurrencies) are failed experiments. We will drift downward from here in fits and starts until the last person walks away and we're at zero, or nearly zero. The world will move on to something else. This is all pretty clear in the data analysis of TA and other sources.
Careful now, some poor noobs might actually believe you!  |
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malikusama
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November 30, 2017, 07:43:21 PM |
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Probably a correction, chances of a crash are very low because a huge community is in the market now. I also admit that the price fluctuation has increased a lot during the past few days which is not normal as we have seen a huge decline of $1500 in 14 to 15 hours today, but hopefully it will need some more time to settle the price a bit at a certain level.
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rahleurfan
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November 30, 2017, 07:44:01 PM |
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I'd say ~30% correction.
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Lambo-san
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November 30, 2017, 07:55:20 PM |
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The price of bitcoin fell more than $1,000 in the span of about 10 minutes on the CoinDesk Bitcoin Price Index (BPI) today, just hours after the cryptocurrency set an all-time high above $11,000. [1]2017-11-26 price was 8,200$ 2017-11-29 price was 11,000$ 2017-11-30 price 9,800$ Is this crash or small/huge correction? Source [1] https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/It was an obvious correction on my part. 11k to 9.8k is just around 10%. Way too low to say that it is a crash and is very justifiable that it is just a correction. Bitcoin falling that much after reaching a very high ATH is expected since many will definitely gather their profits and some will trigger a landslide so that they could buy more at a lower price. |
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