Post
Topic
Board Speculation
Re: Bitcoin correction
by
tomahawk9
on 14/12/2017, 22:01:30 UTC
With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?

I'm not saying go to 1,000$ but crash back to 10k?

And I know no one can predict anything... I'm simply asking for opinions...
The massive increase in the price happened last week, and with it, the correction. We went close to 19k and then last weekend the price went down to 13k-14k (that's $5000 difference).
We won't see 10k again unless a big crash happens (a 40% decrease in the price), which is very unlikely. I'd say the new floor is around the 16k mark (the price has been pretty stable at that price since monday) so from now on we can only expect to see the price going up/down with the usual fluctuation.
But worst case sceneraio, it goes down to 10k...so? that would be the perfect time to buy cheap coins before it jumps back to normal.