Quote from: ArIMy11 on November 07, 2017, 11:53:48 AM

Quote from: Bitcoin_baba on November 03, 2017, 12:49:10 PM

Bitcoin price in India is hitting all records and now the price is moving towards the level of Rs. 500000 and its the signal of price correction. I think the next few days are crucial and we should be ready for a crash.

In the bull run, the market captures positive news and ignores small negative news. When people starts selling to make profits, the prices goes down and every negative news are highlighted which can lead a crash.

Market Needs Crash

Thinking about the crash you are talking about. I think bitcoin do not need that CRASH thing. Crash ? What for? Aren't you happy about what is happening to bitcoin price? Isn't that a good thing for all of us? By the bitcoin increase, our saved bitcoin is also increasing its price. You do nothing but still your money grows. Don't you know that? Crash? No time for that. Besides, i do not see any potential of crash right now and for the near future. In fact I look forward for more ups.
Are you in favor for that crash? Selling by lots of people I think is not a major reason for crash. Maybe it will just cause for the price to just drop a little. Then will easily recovered from it.

We all are expecting the same. People have got the prices that they desired and now everyone has accelerated the rate of investment in terms of Btcs for the purpose of gaining profit.

It is a very common practice and the cycle is quite known to all of the bug holders i.e. massive investment rates and price shoot up always lead to market crash as the next step. So the next crash is obviously going to take place sooner or later in the upcoming year# Be ready for the change.