Topic: [2018-01-16] Cryptocurrency Market Bloodbath. Short-Term Trend (Read 212 times)
This is first test for those guys who had the fear of missing out in December and bought bitcoins and invested like crazy. They felt that they did the right thing on that time so now we will see who really knows blockchain and supports it technology.
January 17, 2018, 10:04:30 PM
The cryptocurrency market is now in major correction mode after experiencing a big price uptrend in the past month. Correction happens after a surge of price and I think it is a healthy because every bull market needs a correction every now and then. The market is expected to go up again after this pullbacks and to those who believes that their coins will rise again, it is better to hodl them and wait til the bloodbath end. This market bloodbath is also a good opportunity buy some potential coins while their price is lower.
January 17, 2018, 09:07:08 PM
Who is to say that the blood bath is only a short term trend? What if this is really the beginning of the bear market? If you all refuse to look, the signs are already there. Regulators are coming after exchanges, and in China, they are also going after the miners.
I predict 2018 to be the year of the cryptospace shake out.
I concur but at the same time i want to be positive on this correction and want to identify this as a normal correction-Bitcoin price decreases and then it will bounce back and will recover. These Regulators are coming for exchanges for Profit, 2018 will be surely a cryptospace shake out if that's what you call it, but it's too early for me, we are just on January , we still ahve 11 months to go. As of now BTC1 =$11312.31, it jumped for almost $2K. It will still go down and go up, we don't know but I speculate that it will go back @15K. New Investors will continue to come and invest , same with bitcoin the price will go decrease and increase again. I predict 2018 to be the year of the cryptospace shake out.
January 17, 2018, 08:28:26 PM
the usual twice a year special week we are starting to be used to. Nothing to worry about. With the discussion I had today with the representative of a large city who wants to put their assets on the chain I think its gonna go well for a long time.
January 17, 2018, 08:26:02 PM
After most major news houses cried 'bloodbath', the price has further decreased by ~30%. Bitcoin looks like it will break the $10,000 barrier and for all the noobs who rushed in to buy during the past 1 month, this will be a very harsh lesson. Weak hands will be shaken out before the next uptrend resumes.
I reckon it is what's happening right now. After breaking below $10,000, bitcoin is now climbing back and it is now sitting on $11,500. But to be honest I am still not convinced. If we are in the denial stage, then this means that the market is in a dead cat bounce and it will start crashing again.
January 17, 2018, 08:41:37 AM
I do not believe that this correction. Bitcoin price fell 2 times. It coordinated the activities of speculators. The number of mined bitcoins has increased. Now the speculators will buy up the coins and then raise prices. As soon as the price of bitcoin will go up this will push the prices of all cryptocurrencies up. We just have to wait.
January 17, 2018, 08:23:13 AM
After most major news houses cried 'bloodbath', the price has further decreased by ~30%. Bitcoin looks like it will break the $10,000 barrier and for all the noobs who rushed in to buy during the past 1 month, this will be a very harsh lesson. Weak hands will be shaken out before the next uptrend resumes.
Not only a harsh lesson but expensive at that. I still remember those irrational buyers, mostly from Asian region (Japan and South Korea) buying bitcoin at its peak of $9,000. And for those newcomers who entered the market at that price are either crying because the price plummeted or rushing to push the sell button. LOL.
This correction was to be expected considering the growth we've had in the past 2-3 months, especially for a lot of alts. It's not more than normal that things were about to correct at some point and that's what we're seeing at this very moment.
We know that it's normal, but if we look at how the majority of the market has been going nuts with their insanely high expectations, it's completely unexpected for them to see the market plummet.I remember how CME opened with parties having settled their contracts at $20,000, lol. They must have a bad taste in their mouth for having made such poor decision. Seriously, who buys the market at its finest peak?
Yep, those dudes over at CME. Not sure if these were professional parties, but if so, they must shame themselves for having miscalculated so badly. The top top was reached, but not in their book apparently.
Who will forget that? Those financial institutions really pushed the price to its peak at almost $20,000 and now a correction has happened, they are not scratching their heads and thinking that they assess the market wrongly. I have expected this kind of correction should have happened much earlier, but at some point in time its unavoidable. More weak hands has been shaken, I expect another 2-3 days before everything settles down.
January 17, 2018, 06:41:43 AM
After most major news houses cried 'bloodbath', the price has further decreased by ~30%. Bitcoin looks like it will break the $10,000 barrier and for all the noobs who rushed in to buy during the past 1 month, this will be a very harsh lesson. Weak hands will be shaken out before the next uptrend resumes.
January 17, 2018, 06:20:32 AM
This correction was to be expected considering the growth we've had in the past 2-3 months, especially for a lot of alts. It's not more than normal that things were about to correct at some point and that's what we're seeing at this very moment.
The most interesting thing is that the correction or a price fall/raise is actually unpredictable. Well, maybe to those people who stay behind every big change it is, but for me it is really so. I would like to learn how to see a step up to regulate my next move towards sell-buy, but I just do not know what I need to do for that. Any ideas? 
January 17, 2018, 06:09:20 AM
The correction has to take place otherwise we can experience the big bubble pop which we should be avoiding at all cost. This is kinda sad to see the market turns red or as many would call it "bloodbath" but there will always be silver lining after the dark period. It can be good that we are already having this downturn while still at January so that by February onward we can already experience again the surges we have been waiting for. We just don't have to panic because doing so will mean we can lose more and it can be so hard to recover when we are under emotional imbalance. Just relax even if we are also concern and cautious. This is the way cryptocurrency is moving and we just have to enjoy it as much as we can. Let the fall begin so that things can reach rock bottom soon and there is no way to go but up...or so I wish!
This is already the bubble bursting isn't it. The rise to $20K was just not healthy not many people realise or are willing to admit it.
What we need is a bull market with healthy corrections, increasing slowly in a straight line.
January 16, 2018, 11:41:12 PM
The correction has to take place otherwise we can experience the big bubble pop which we should be avoiding at all cost. This is kinda sad to see the market turns red or as many would call it "bloodbath" but there will always be silver lining after the dark period. It can be good that we are already having this downturn while still at January so that by February onward we can already experience again the surges we have been waiting for. We just don't have to panic because doing so will mean we can lose more and it can be so hard to recover when we are under emotional imbalance. Just relax even if we are also concern and cautious. This is the way cryptocurrency is moving and we just have to enjoy it as much as we can. Let the fall begin so that things can reach rock bottom soon and there is no way to go but up...or so I wish!
January 16, 2018, 10:04:32 PM
Seems like we are back to 2014-2015 
Who is to say that the blood bath is only a short term trend? What if this is really the beginning of the bear market? If you all refuse to look, the signs are already there. Regulators are coming after exchanges, and in China, they are also going after the miners.
I predict 2018 to be the year of the cryptospace shake out.
I predict 2018 to be the year of the cryptospace shake out.
There is a possibility that it will be a long-term one but regardless if it is short or long term, this is the time to organize our thoughts and think of possibilities that whatever happens, we always have a back up plan. It would be good that is only for short term but if as what you said the start of a bear market then we should always have other source of income aside from cryptocurrency. As far as I know, there are people who left their job to focus more in crypto and this is their only source and if it will last long then I don't know what they will do. It is important to have multiple source of income.
Who is to say that the blood bath is only a short term trend? What if this is really the beginning of the bear market? If you all refuse to look, the signs are already there. Regulators are coming after exchanges, and in China, they are also going after the miners.
I predict 2018 to be the year of the cryptospace shake out.
I predict 2018 to be the year of the cryptospace shake out.
A strong movement is impossible without correction. Just worth the wait, without sudden movements.
Yep, those dudes over at CME. Not sure if these were professional parties, but if so, they must shame themselves for having miscalculated so badly. The top top was reached, but not in their book apparently.
I think it's fairly safe to assume that these were institutions thinking that the craze would go beyond $20k like there is no tomorrow. Does it leave them a bad image if becomes public? Probably, but that's why they don't disclose their movements on these markets. Those who went short at that point, and that while it's pretty high risk to short Bitcoin, are now enjoying very nice profits. It was a very daring move, but one that has been successful all the way through. CME has a much higher volume at this point, and that while CBOE was generating far more volume initially, so that's pretty interesting. It seems that their first mover advantage hasn't lasted very long....
This correction was to be expected considering the growth we've had in the past 2-3 months, especially for a lot of alts. It's not more than normal that things were about to correct at some point and that's what we're seeing at this very moment.
We know that it's normal, but if we look at how the majority of the market has been going nuts with their insanely high expectations, it's completely unexpected for them to see the market plummet.I remember how CME opened with parties having settled their contracts at $20,000, lol. They must have a bad taste in their mouth for having made such poor decision. Seriously, who buys the market at its finest peak?
Yep, those dudes over at CME. Not sure if these were professional parties, but if so, they must shame themselves for having miscalculated so badly. The top top was reached, but not in their book apparently.
Finally, the correction has come?
I get used to higher price and then it just declined significantly over $2500 within a day.
Maybe it's the time for big whales to cash-out due to some fud news from South Korea and other countries.
However, there is nothing to do about it, take it as a discount time to buy more altcoins, especially for some potential coins which on the bulls run recently.
I get used to higher price and then it just declined significantly over $2500 within a day.
Maybe it's the time for big whales to cash-out due to some fud news from South Korea and other countries.
However, there is nothing to do about it, take it as a discount time to buy more altcoins, especially for some potential coins which on the bulls run recently.
This correction was to be expected considering the growth we've had in the past 2-3 months, especially for a lot of alts. It's not more than normal that things were about to correct at some point and that's what we're seeing at this very moment.
Song of the day:
Stop Crying Your Heart Out
by
Oasis
Hold uuuuuuuup!
Hold oooooooon!
Don't be scared...
You'll never change what's been and gone.
https://www.youtube.com/watch?v=dhZUsNJ-LQU
Stop Crying Your Heart Out
by
Oasis
Hold uuuuuuuup!
Hold oooooooon!
Don't be scared...
You'll never change what's been and gone.
https://www.youtube.com/watch?v=dhZUsNJ-LQU
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