Post
Topic
Board Speculation
Re: How low will the next correction/dip be?
by
cafucafucafu
on 08/06/2017, 10:41:17 UTC
We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-


I really can't see bitcoin hitting that $3,000 barrier. Even if it does it'll be so brief that it makes no differenc in the end. However a correction seems to be looming over bitcoin. Personally, i don't actually think that we need to worry about this correction. Or at least losing sleep because of it, that sort of thing.

First of all, i think that it is established that bitcoin ain't going anywhere below $2,000, period. That seems to be the consensus floor for bitcoin right now. So if you buy now, the worst you'll do is lose $700 per bitcoin. That's not bad of a percentage loss compared to the 2013 pump. Also, the price is quite stable at the moment. Been at the same sort of price, hovering at $2700-2800 for 2-3 days now. Maybe this will just become the new norm.

I'd put my money on $2000-$2500 though, seems the most logical.