Bitcoin correction

[bambazamba]

I'm not saying go to 1,000$ but crash back to 10k?

Everyone is expecting a correction but bitcoin does not care what we are expecting and speculating. It's move are unpredictable and difficult to determine, hence there might be a correction in the coming days but back to $10k is not possible anymore. Many things have happened in the past which will support bitcoin's value above $15k for sure. Bitcoin is getting more and more users everyday and at this growth rate, I am assuming that it will cross $22k before New Year. Correction may occur any time but will definitely be short lived at this stage.

[Eternu]

Correction of bitcoins price is inevitable. But when exactly will it happen and how much will price fall down no one can tell for sure. I guess it will fall to 11k-13k $ , that sounds reasonable to me. What also could happen is that price go up more, and than after some time it would go down. Correction of price would be good thing, because if price of bitcoin continue to rise uncontrolled  fall would be even larger, bad things could happen...

[Gotomoon]

Bitcoin has this image of volatility of daily prices. We cannot guarantee of fall back of the price but it is possible for the correction. But if this will happen down to $10k users will grab the chance to buy back. Btc price may increase again and ofcourse those users will take profit of price increase.

[lumeire]

Bitcoin has this image of volatility of daily prices. We cannot guarantee of fall back of the price but it is possible for the correction. But if this will happen down to $10k users will grab the chance to buy back. Btc price may increase again and ofcourse those users will take profit of price increase.

Well what you can guarantee actually is that correction always happen. In markets like ours, the rule what goes up must come down also applies.

It also happens on the other trend, if it always go down, at some point expect a correction that the price will rise.

[musliyevich]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

back from 17,000$ to 1,000$ is not correction will be end of bitcoin and can happen in long term like many bubble.

now many investors believe in bitcoin and impossible crash happen

[bitcad4u]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

back from 17,000$ to 1,000$ is not correction will be end of bitcoin and can happen in long term like many bubble.

now many investors believe in bitcoin and impossible crash happen

Bitcoin system is a digital currency exchange and rate of bitcoin was so good and today rate of bitcoin are $17615 and in future it reach much much more and this is not a correction and it goes to $17000 to $1000 this is also not a correction it will happen in the end of bitcoin and well what will you correction always happen it market rise and ruels to go up must come down also applies .

[Master1781]

I believe there will be a crash in 2018, but only after it goes to up from 60k-100k. Then it may (a possibility) to crash fo real at $10k or less. Then if you have money, it will be the time to buy all you can at this rate.

[exstasie]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?
I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

back from 17,000$ to 1,000$ is not correction will be end of bitcoin and can happen in long term like many bubble.

now many investors believe in bitcoin and impossible crash happen

Actually, that's very close to the percentage losses from the 2011 correction. Personally, given the level of global adoption we are seeing and Bitcoin's incredibly limited supply, I don't think it's possible. But it wouldn't be the end of Bitcoin. At this point, I believe even an existential protocol flaw could be overcome with a hard fork and investor confidence would likely return.

If everyone collectively believes a crash can't happen, it virtually guarantees a crash because no buyers are left. This is classic sentiment reading. The problem is, where does this equilibrium occur --- $18,000? $25,000? $100,000? At some point, the pendulum will swing back, but it's impossible to know when. That's why you never short a bitcoin bull market.

[beerlover]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

The massive increase in the price happened last week, and with it, the correction. We went close to 19k and then last weekend the price went down to 13k-14k (that's $5000 difference).
We won't see 10k again unless a big crash happens (a 40% decrease in the price), which is very unlikely. I'd say the new floor is around the 16k mark (the price has been pretty stable at that price since monday) so from now on we can only expect to see the price going up/down with the usual fluctuation.
But worst case sceneraio, it goes down to 10k...so? that would be the perfect time to buy cheap coins before it jumps back to normal.

I wonder if people have not really been looking at the charts. There has been some tug of war lately between the bulls and the bears after the correction and we all see the outcome. Now the market is testing back up and I really do not know why some people are still waiting for a crash that may never even surface. Even if it eventually does, that just gives us more room to have more for ourselves.

There is a possibility and you have said it already, no one can predict anything. We may just all be scared for nothing and hoping that we will have a massive correction and we may not.

It is just reasonable that after such a long quick ride with the massive increase in profit, there should be some crazily huge correction, but from what I have been seeing recently after testing the tops and coming back down, in the real sense, this is something that may not really come but no one really knows.

[marcbitcoins]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

Even how many corrections will going to happen still it will not make the bitcoin price totally to fall down because lot of people have been already learned from the past that in the end they will just regret it because instead the bitcoin price rapidly increasing after the panic because when their is a price fall down it will be an opportunity by the others to purchase bitcoin at a lower price.

[TERA2]

Best to have a stop at 17k...

[Kemarit]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

The massive increase in the price happened last week, and with it, the correction. We went close to 19k and then last weekend the price went down to 13k-14k (that's $5000 difference).
We won't see 10k again unless a big crash happens (a 40% decrease in the price), which is very unlikely. I'd say the new floor is around the 16k mark (the price has been pretty stable at that price since monday) so from now on we can only expect to see the price going up/down with the usual fluctuation.
But worst case sceneraio, it goes down to 10k...so? that would be the perfect time to buy cheap coins before it jumps back to normal.

I wonder if people have not really been looking at the charts. There has been some tug of war lately between the bulls and the bears after the correction and we all see the outcome. Now the market is testing back up and I really do not know why some people are still waiting for a crash that may never even surface. Even if it eventually does, that just gives us more room to have more for ourselves.

There is a possibility and you have said it already, no one can predict anything. We may just all be scared for nothing and hoping that we will have a massive correction and we may not.

It is just reasonable that after such a long quick ride with the massive increase in profit, there should be some crazily huge correction, but from what I have been seeing recently after testing the tops and coming back down, in the real sense, this is something that may not really come but no one really knows.

Exactly, I like the way you put it, "tug of war", the bulls and the bears are continuing pulling and pushing the price of bitcoin that we even didn't see minor corrections because they are really very quick. Correction has been happening specially when CBOE opens its doors, that's why at the end of the end you will see that the price is relatively stable around $16,000-$17,000 and me thinks that at least volatility is reduced to an extend. However, its CME time to shine that's why the price has been push above $17,000 but I'm expecting that once it official offers bitcoin future contracts, we will the price moving to $18,000 and then an ensuring tug of war will occur once more. But as far as going down to $10,000, I seriously doubt that it can do that route, with so many investors waiting in line to buy. So much purchasing power willing to buy bitcoin at any price now.

[upsidedown75]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash? I'm not saying go to 1,000$ but crash back to 10k?

And tell me, why do you think that it will crash? do you think that there are real facts to think about of why it should go back to $10000?

The same happened a few months ago when it went from $500 to $1000, it took a long time, but it did.

And a lot of people were saying; oh no, this is pure fomo, it will crash down to $500 again because a lot of blind investors are in there..

This is fake, it will not retrace back, just keep watching it going up.

Yeah, looking back at all the incidents and all the things that people have been saying about crashes, massive corrections and all that, it is just plain simple that some people are just using it to stir the market which is the reason I keep telling newbie investors that as long as they are here for the long term, they should not even bother themselves getting scared for a crash or waiting for one and if it comes, it is still coming right back up.

[blockman]

Blind investors? you sure about that? They are adding to the market cap of bitcoin and why so call them blind investors? I'm calling them new investors. Most of them are scared with a crash because they never experienced it. Anything can happen to the price when it starts to correct, it can go back at $10,000 or $5,000 or $1,000 or give number to the lowest point that's volatility.

[Supercrypt]

I could see either of these vary basic scenario happening. But then again i think it will come back to 17k eventually so I think it a big gamble to think it will drop and buy back.

We should not expect a huge crash and that is all I am here to say. This crash thing is becoming a bit talked about too much and instead of trying to help newbies who are investors, I am sure that would even be making them scared the more.

I know it is a speculative environment, but crash or no crash, bitcoin will still soar higher than this in the future and for those who have waited for crash in the past, I am sure they must have some of their stories to share to some of you now.

[speaktome]

With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...

Even how many corrections will going to happen still it will not make the bitcoin price totally fall down because lot of people have been already learned from the past that in the end they will just regret it because instead the bitcoin price rapidly increasing after the panic because when their is a price fall down it will be an opportunity by the others to purchase bitcoin at a lower price.

It really makes sense,in fact,as has happened before,many corrections have happened and even in worse circumstances I think and the price has recovered remarkably,but of course as the price is quite high today is normal that there is uncertainty or fear that the price will suffer an abrupt fall by some investor or many of them,but the opposite can also happen,of course that those relatively low prices never can come back maybe.

[SL18]

Well.... I guess it did happen lol... we can't all be that surprised...

[greensheep]

and a nasty one, but predicted by many!

[cybersofts]

The market correction is inevitable for bitcoin and altcoins as well.
Whenever the price of bitcoin grow to the highest level the correction must come in to balance the price.