Quote from: Jating on November 10, 2017, 04:41:59 PM

Quote from: Sensill on November 10, 2017, 02:49:04 PM

bitcoin drooped from 7,000$ range today and keep down do you think price will crash back to 5,000$ or this small correction

You are too quick to judge and call it a crash, $6800 is still a good price imho. I think you have too much expectations on the price and that it very wrong. And sooner or later a price correction is needed because the price is really going up really fast and that is not sustainable in the long term.

And when segwit officially cancelled, its only logical that correction is then coming. But is not a crash that you are talking about. If is going to crash then we should be seeing a huge drop but we didn't and I consider 6800$ a strong price. Are you not satisfied with 6800$ though?

Exactly. A crash would test $5000 base, just like the crash from $5000 tested the $3000 base. Now it could still drop more. But seeing as how this is just a correction from people moving back into altcoins since the fork was cancelled, it will likely not turn into a crash and is instead just a correction that will consolidate somewhere in the 6000s before hitting new ATH in the 8000s and 9000s by end of the year, maybe even taking a run at $10k next month.