Quote from: 2double0 on October 24, 2017, 04:31:38 PM

It is currently being traded as a swing-ing asset which could most likely be dropped before it starts making some real gains back but in a steady motion. I somehow agree to people saying that it could drop but not "badly" and the reason before its drop will be the sudden gains that it realized during last few months. It's in the interest of bitcoin if it goes steady instead of showing spikes. I also want 10k but not in one go, it should take some quality time before it gets there.

A little correction is expected here, but we cannot consider it as a panic selling. In fact people will like to get profit from their investment and they will try to sell their bitcoin at some profit. Therefore the price can get lower. But hope that very soon the price will again recover its price when investors will become interested to do investment in bitcoin again. I think we can expect that at the end of 2017 the price of bitcoin will be trading above 7000$. Because bitcoin has the potential to increase more.