jerry29@ (OP)
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December 27, 2017, 06:08:08 AM |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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TaKlarPH
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December 27, 2017, 06:29:53 AM
Last edit: December 28, 2017, 05:38:05 AM by TaKlarPH |
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Who knows but my opinion is, no more possibilities of correction base on the news I heard before of the correction it was good and basing on the little bird I know any time this December a drop out will happen, a value drop. So I think that the 20 000 increase rate this past weeks is know being recovered by the 16k.
I mean was if my shop was having a sale a big sale and later on I got clothes that have an price of a diamond which people like, so me as a owner of the shop I got the money that I lost from the big sale I made.
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ZCoinTalk
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Activity: 154
Merit: 10
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December 27, 2017, 06:38:25 AM |
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I think that this big correction was to be anticipated after that huge increase in the last few weeks. Bitcoin needs to find a new stabilization level. On the other side more and more people are getting interested in cryptocoins, so it could very well start climbing a bit. And people probably need money for the holidays  |
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kryptorian
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December 27, 2017, 07:34:09 AM |
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If you ask me, there is always such a possibility. Bitcoin still is as volatile as ever, so we could expect major corrections up to 30-40% in the future all over again. It is just a matter of time and patience if you are looking into buying cheap coins. |
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A1exander
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December 27, 2017, 08:29:17 AM |
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There is always a possibility of correction. I think another major correction in the near future is unlikely and I expect a gradual rise to about $20k with minor corrections (like 15-20%), but I may be wrong. Nobody can predict the price.
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AmazonStuff
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December 27, 2017, 08:50:48 AM |
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BTC is following the classic bubble pattern, I expect it might jump to max $17 500-$18 000, after that we will have a sharp fall to $12 000 zone, price will fluctuate a couple of days and after that sharp decline to 8 000. Longterm target price in 1 year is $4000.
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YuginKadoya
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December 27, 2017, 11:10:38 AM |
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I think we can get another correction if we attain again another new All time high again, but for now let's just savor the pump because we can see that the price is going to make the $20,000 value this time and the impending Fork that will be tomorrow will be the resistance we can see that is affecting the bullish movement of bitcoin, but I guess that kind of movement will be on January and not in December.
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talkbitcoin
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All I know is that I know nothing.
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December 27, 2017, 11:26:26 AM |
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no there is no correction left to happen.
now there are only fluctuations before the next phase begins. right now the price is testing the upper resistance to see if it can be broken. if there were enough demand and less panic sellers the price will break out and rises up leading to the start of next phase.
if it can't break the resistance and there were still panic sellers and those who think of this as a bull trap, then price will come down (it won't be a correction) a little and then tests it again and again until it breaks out and rises again.
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heartrodriguez28
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December 27, 2017, 11:48:50 AM |
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True.. It's best to keep an eye on the resistance, if you want, you can sell some when it reaches that point.
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Shamie1002
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December 27, 2017, 12:13:13 PM |
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I think I am more comfortable with corrections. I am bit worried about the TESTING part of breaking the upper resistance of bitcoin. I am thinking about what if it fails then a sudden crash happens. No assurance of sure stability or sustained value for everyone.
With such events, I think it will decline investors because it will not be good for businesses. Less trust and less people will be attracted because they will be scared too. Noobs without knowldege are at high risks of losing their own capital here.
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tomahawk9
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December 27, 2017, 12:21:17 PM |
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As of now, no. There are no indications of an upcoming correction like the one we saw a few days ago, there's been a sustancial support in the 15k-16k range (with a little resistance in the high 16k), and I think the price is going to consolidate in those numbers for a little while before going up again. But you can't never be sure, just keep an eye on the charts. |
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heringasem
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December 27, 2017, 12:40:54 PM |
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The price is pretty stable right now, well, it touched more than $17,100 last night, i dont think that there is going to be another big correction just like it happened before, maybe another dip, but not another correction
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1Referee
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December 27, 2017, 12:42:14 PM |
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BTC is following the classic bubble pattern
Classic bubble pattern based on traditional market logic. We all know that Bitcoin isn't part of that, and likely never will be, which is exactly why all the clownish experts have been wrong all the time with their predictions. Bitcoin was forming a bubble when it reached $1000 again last year according to people, and look where we stand right now.  Longterm target price in 1 year is $4000.
If so, then better sell off everything you have right now, and wait till that time to enter. In the meanwhile, you can use the future markets to short Bitcoin, which in case your prediction becomes reality, will make you a lot of money. I like how people are now able to short Bitcoin, because all these skeptics can now back up their nonsense predictions with shorting Bitcoin.  |
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crairezx20
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December 27, 2017, 12:50:35 PM |
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I think for now we will see continue's increase until end of this year. The possibility of bitcoin price correction can be happen maybe this following month.. but as i can seen i think we will see huge increase first before we will see the price correction in bitcoin since bitcoin is volatile no one could know when another price correction for bitcoin..
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laluna24
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December 27, 2017, 01:31:07 PM |
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There is always a possibility of another correction of bitcoin because of the volatility that happens daily. But lately the correction has passed already maybe we can see of a little bit fall of the price then it will continue to rise.
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MMA
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December 27, 2017, 02:08:15 PM |
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As of now, no. There are no indications of an upcoming correction like the one we saw a few days ago, there's been a sustancial support in the 15k-16k range (with a little resistance in the high 16k), and I think the price is going to consolidate in those numbers for a little while before going up again. But you can't never be sure, just keep an eye on the charts. I think we are already passing through correction period which is very soon expected to be ended. Although the price is now becoming stable but still the price has not yet got the accelerator. Hope that very soon bitcoin will start boosting again because still people interest in bitcoin is increasing. I think still the investors have chances to invest money in bitcoin because we are expecting that they will see the price of bitcoin trading in such a low price. |
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kryptorian
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December 29, 2017, 11:51:42 AM |
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If there's a trend reversal, we will see the price go down the hill with a number of lower highs and lower lows. We seem to have already made a pair of these lowers, and if we go substantially below $11,000, that will make another lower low, and thus the downtrend will be confirmed. |
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arpon11
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December 29, 2017, 01:01:25 PM |
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Another hardfork happen yesterday without mush bitcoin's price fluctuations and volatility. Bitcoin has not been doing too bad after the last hardfork and I was thinking that this 28-12-2017 should push bitcoin price towards $17,000 but it was trip within $15,659 and around $13,000. I am hoping that bitcoin might have a serious corrections some days to come . |
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btcone111
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January 01, 2018, 10:32:17 PM |
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The possibility of another correction is indeed not low.
In my opinion, it's really 50/50 at the point around $14K.
I guess we need to look at how whales would act after new year holiday.
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Gabz999
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January 02, 2018, 01:44:20 AM |
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Every time bitcoin reaches its All Time High there is always a price correction in it. So when you are asking a possibilities about it, there is always a possibilities for it but we never know when it will happen and how dip will the correction will go on. One thing that I am sure about it was every correction for the price, there is always a big news that is bad that will really affect the price of bitcoin.
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