The big schock coming! But to which levels? 8500 or further?

[egyptian magician]

Either lots of Bitcoin noobs are out here now or people just have short term memories. We haven't even reached the panic phase yet of the bubble life-cycle. This is apparently the "new normal" phase at present. Hold on tight, we're going to go way down from here.

[n0ne]

Can't predict the reality, it is all about the time period. We might end up same as that we were during the starting days of 2017. Else, this could be a massive correction phase for the price that grew much higher rising the capital to a much higher value. Even by this time experts has predicted it'll bump to $50k once after the ongoing price dip.

[CrazeCoinz]

Hi guys and girls,

I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!

To which levels do you think we are heading?

What happening now is a big dip in my crypto experience, the price now is at $8.5K and still dumping. A projection that the price will go down near $5k. I will think it on a positive side that, this will be a good opportunity to buy again. Hope that this will stable soon.

[standards]

What is the reason behind this magnificent dip?
I anticipated there would be some correction, but never expected it would be so big.

[Bayoe_noe]

What is the reason behind this magnificent dip?
I anticipated there would be some correction, but never expected it would be so big.

if you see a very drastic reduction in bitcoin prices, I look like last year. beginning in 2017 bitcoin also dropped dramatically and it takes a long time to stabilize and go back up.it might be down to $8000, but hopefully not. if the price drops to $ 8000 alu think it will take a long time to get back to $12000 or more...

[jellyhashman]

What is the reason behind this magnificent dip?
I anticipated there would be some correction, but never expected it would be so big.

if you see a very drastic reduction in bitcoin prices, I look like last year. beginning in 2017 bitcoin also dropped dramatically and it takes a long time to stabilize and go back up.it might be down to $8000, but hopefully not. if the price drops to $ 8000 alu think it will take a long time to get back to $12000 or more...

IMHO price drops to 6-7k, but we see 12K in 3 months again

[imapessimist]

I think to get lots and lots of  new buyers in now it will need to go to 2-3k.  Because that's the price it was before the big rise.  On the price over 12 months the price is not low.  I think that's where people are making a big mistake.  They think because the price went sky high for a few weeks that's the price.  It isn't. 

[megalith researcher]

Hi guys and girls,

I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!

To which levels do you think we are heading?

I think it can go to $7000, and, as you said, it might be necessary before we see new highs.
I think the trick now is to be patient, and do not trade if you are not experienced. History has shown that trade at the bottom price is, most of the time, a bad idea.

[gabmen]

What is the reason behind this magnificent dip?
I anticipated there would be some correction, but never expected it would be so big.

if you see a very drastic reduction in bitcoin prices, I look like last year. beginning in 2017 bitcoin also dropped dramatically and it takes a long time to stabilize and go back up.it might be down to $8000, but hopefully not. if the price drops to $ 8000 alu think it will take a long time to get back to $12000 or more...

IMHO price drops to 6-7k, but we see 12K in 3 months again

Well its a good advice to never expect anything because many people, even those technical analysts whatever, have been proven wrong with unexpected market movements. We can very well be on our way to 5k, who knows. The thing is, if you believe in bitcoin and it's potential, this won't really matter

[BountyX]

Hi guys and girls,

I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!

To which levels do you think we are heading?

What happening now is a big dip in my crypto experience, the price now is at $8.5K and still dumping. A projection that the price will go down near $5k. I will think it on a positive side that, this will be a good opportunity to buy again. Hope that this will stable soon.

In The past at some point Bitcoin was 60$ and it went down to 2$... THAT was a big dip. People who bought at 60$ and sold at 2$ might have regretted it later on.

[ILoveOnions]

Not sure we're there, but I've been buying at 8200 ....
Do not wanna miss out, but keep some dry prowder for if we're going lower!
Cheers!

[babygun]

It seems that the price is for the moment fluctuating around the $8500 mark, meaning there is support at this mark.
We will need to wait and see what happens tomorrow, if the price starts dropping and doesn't bounce back at this mark, than we are in for a new crash I think....

[Searing]

We need Tether to be resolved one way or another

either

1) they played the system and pumped BTC and thus all crypto rose from their games

or

2) it is just all a bubble for other reasons and speculation and nothing to do with tether


but, my fear is that Tether (under investigation) will drag this out for months.....

a quick resolution on where they stand in all the above would go a long way towards better prices, IMHO!

(what do I know ..I bought into this whole tulip crypto stuff by drinking the kool-aid in 2013....my advice is tainted)

[GeorgeFeb]

We need Tether to be resolved one way or another

either

1) they played the system and pumped BTC and thus all crypto rose from their games

or

2) it is just all a bubble for other reasons and speculation and nothing to do with tether


but, my fear is that Tether (under investigation) will drag this out for months.....

a quick resolution on where they stand in all the above would go a long way towards better prices, IMHO!

(what do I know ..I bought into this whole tulip crypto stuff by drinking the kool-aid in 2013....my advice is tainted)

Pfff, then you should be a rich guy now, providing you have bought 50-100 Bitcoins dirt cheap in 2013!

[standards]

Not sure we're there, but I've been buying at 8200 ....
Do not wanna miss out, but keep some dry prowder for if we're going lower!
Cheers!

You certainly made the right decision.
As we can see, the marketing is recovering very fast.
We won't see 8200 again.

[trickyriky]

Yes, I think it could go as low as 8000$.
On one hand it is not a big surprise because technical analysis did say it will happen on other hand i am furious on myself because i did buy some alts exactly before the last dip , i had no to be aptient only 1-2 days and my plan would have worked. Stupid. Hope I will learn.

My point of view is as follows: the biggest shock is over, and Bitcoin will not fall so critically now even when the market slows down.

[onrise]

Not sure we're there, but I've been buying at 8200 ....
Do not wanna miss out, but keep some dry prowder for if we're going lower!
Cheers!

I think the low is around 8k for this phase and from last couple of days if you see the resistance support is also 8k and the prices is able to hold the 8k level. Jan as well know the market do fall and now that is over so we should expect some rise form this levels and you did well to start accumulating form this levels .

[jostorres]

I think a lot of buyers would approach if the price went that low.

1 BTC = 1 BTC

Bitcoins will not go down more. They are just getting ready to shoot up. Jumping till the moon, they will be covering up all the mess created in the month of January. Some people are predicting for bitcoins to be the most impressive jump they are going to make in this month. As the well-wishers of bitcoins, we definite want this to be happening around us. May we see some good moves?

[Wilhelm]

no-one knows what is going to happen but there has been 50%+ loss from january and it is still falling.

the price of bitcoin is still massively inflated so it should stall further.

i am holding altcoins and if bitcoin goes then i hope that some of the alts takeover and moon

I don't think bitcoin is 'massively inflated'.
As for altcoins, most of which are falling hard today.
The only big one that is green is ethereum.

Ethereum is the new Dogecoin.... 

[imapessimist]

The big shock has come and gone.  Maybe a bigger shock will be coming soon.  But in reality the shock was that Bitcoin went to 20k.  Not that it has fallen below 8K for now.