Quote from: doublebit21 on October 04, 2017, 09:39:40 AM

Quote from: Stellina on September 29, 2017, 12:18:58 AM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well.

Why do you think that the price will hit bottom in January? At least in the US, stock markets have historically tended to drop in the summer months (on average), and some of the worst crashes have occurred in the September-October timeframe. This has led to the sell in May and go away adage. Besides, bitcoin marches to the beat of its own drum. I dont think theres much correlation between bitcoin and the stock markets of the world. If anything, significant stock drops may lead more people to invest in bitcoin and other cryptos.