Quote from: beerlover on December 16, 2017, 06:28:54 AM

Quote from: tomahawk9 on December 14, 2017, 10:01:30 PM

Quote from: SL18 on December 14, 2017, 09:10:47 PM

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.

I wonder if people have not really been looking at the charts. There has been some tug of war lately between the bulls and the bears after the correction and we all see the outcome. Now the market is testing back up and I really do not know why some people are still waiting for a crash that may never even surface. Even if it eventually does, that just gives us more room to have more for ourselves.

There is a possibility and you have said it already, no one can predict anything. We may just all be scared for nothing and hoping that we will have a massive correction and we may not.

It is just reasonable that after such a long quick ride with the massive increase in profit, there should be some crazily huge correction, but from what I have been seeing recently after testing the tops and coming back down, in the real sense, this is something that may not really come but no one really knows.

Exactly, I like the way you put it, "tug of war", the bulls and the bears are continuing pulling and pushing the price of bitcoin that we even didn't see minor corrections because they are really very quick. Correction has been happening specially when CBOE opens its doors, that's why at the end of the end you will see that the price is relatively stable around $16,000-$17,000 and me thinks that at least volatility is reduced to an extend. However, its CME time to shine that's why the price has been push above $17,000 but I'm expecting that once it official offers bitcoin future contracts, we will the price moving to $18,000 and then an ensuring tug of war will occur once more. But as far as going down to $10,000, I seriously doubt that it can do that route, with so many investors waiting in line to buy. So much purchasing power willing to buy bitcoin at any price now.