Topic: 2018 the year of correction? - page 16. (Read 18127 times)
Yes it's a correction of the peak price of bitcoin in 2017 which is at least $20k per btc, they always say it's a bear market but i think it's a long time correction so that people can accumulate and get ready for a big profit in the upcoming years.
Bitcoin is looking for a new position of support or even in the position of new support, because its value over the past few months only occupies around 6000 - 6500 USD, and maybe later this year will be ready to take off to the moon 
Despite of all of this good news coming it seems that bitcoin doesn't really care at all, i wonder what will make bitcoin to move on such different position rather than staying on the same spot. Well, as a trader we do still manage to get some profit out of it even though it doesn't give that much but it's fine as long as you gain some.How long should we wait for this bearish market to change and climb up to the moon? It's almost a year since it took off it's last ATH.
A lot of noobs were rekt. I don't see them coming back in unless they're greedy or trying to break even. People took out second mortgages and other reckless things. It was crazy. I like the way crypto is now, a little stable. Organic growth. That moon talk only brings out more scam talk for the masses to not invest. It's time to take crypto serious now, it can really make a change in the world.
I wish bitcoin will be as steady as it was this year. There will be no need for a roller coaster emotions for holders. If the price remain like this and gradually increase each year then investors already know what to expect but I dont think bitcoin will be as popular and in demand as it is today if the graph is straight all the time.
I actually haven't been able to place the real cause of the sustained dip of this year 2018. I have heard several speculations and all have not actually aimed right. If you now say it is a price correction, I wouldn't fully agree as a lot of the token prices have been devalued really below their real prices.
It has been a crazy year and it is only november now, I can't think of what the 2019 year will bring us. The correction was definitely something we deserved, the price was just around 900 dollars and less a year before the skyrocket, nothing should go up from 900 dollars to 20 thousand dollars in a year it went up almost 23 times in price which is definitely not sustainable unless you keep pouring money into it at billions rate. Of course it got corrected back into what it deserves to be and there was a lot of new people coming in during those times, some of them got in and just ran away when it dropped but some others stayed and amongst us right now which made the user base a bit bigger.
Thanks to those people and the rising transaction numbers causing miners to work overtime right now we have a bitcoin that worths over 6 thousand dollars, it is still a big increase from the 900 dollars two years ago but nothing insane like 20 thousand dollars.
2018 was also a year of legit projects. In 2017, anyone with a half-good idea could decide to do an ICO and did. There's a drastic drop this year from what it was last year and the only projects still standing are those with good development team and plan, and an application that solves problems. There a few out there with HiNounou, Tapcoin and Mfchain holding my attention right now.
Yes, at the end of 2017 there was a huge HYIP on cryptocurrencies and prices soared very high, so it is not surprising that this year there was a recession. It is not known how long this will continue, but if we want to be successful in this industry, then we must remain here and believe until the end in crypto-currencies.
I am agree with those who are saying that this year have corrected the actual value of bitcoin and all the other crypto coins but in broad sense we will say that for this whole year bitcoin is used in every time no one have against of it and bitcoin in this year more stable than last year speculation affects the investors very worry about crypto because the market was un predictable and it is dangerous in ling term.
There are too many restrictions and opinions regarding crypto this year, some country didn't accepts or limits it that make its use sometimes below in what that project or coin should be. It lessen its use that makes too much effects on the market.
Ya I just looking to the chart, trend stay the same as before. I mean its wouldn't be change to bearish for a long time, its just correction and will take decision after the wall break out.
Bitcoin is looking for a new position of support or even in the position of new support, because its value over the past few months only occupies around 6000 - 6500 USD, and maybe later this year will be ready to take off to the moon
Crypto market has started to gain some momentum, I dont know if it will be a bullmarket or only a bulltrap but i see there is a big increase in volume by korean people.I actually haven't been able to place the real cause of the sustained dip of this year 2018. I have heard several speculations and all have not actually aimed right. If you now say it is a price correction, I wouldn't fully agree as a lot of the token prices have been devalued really below their real prices.
It has been a crazy year and it is only november now, I can't think of what the 2019 year will bring us. The correction was definitely something we deserved, the price was just around 900 dollars and less a year before the skyrocket, nothing should go up from 900 dollars to 20 thousand dollars in a year it went up almost 23 times in price which is definitely not sustainable unless you keep pouring money into it at billions rate. Of course it got corrected back into what it deserves to be and there was a lot of new people coming in during those times, some of them got in and just ran away when it dropped but some others stayed and amongst us right now which made the user base a bit bigger.
Thanks to those people and the rising transaction numbers causing miners to work overtime right now we have a bitcoin that worths over 6 thousand dollars, it is still a big increase from the 900 dollars two years ago but nothing insane like 20 thousand dollars.
Bitcoin is looking for a new position of support or even in the position of new support, because its value over the past few months only occupies around 6000 - 6500 USD, and maybe later this year will be ready to take off to the moon
I actually haven't been able to place the real cause of the sustained dip of this year 2018. I have heard several speculations and all have not actually aimed right. If you now say it is a price correction, I wouldn't fully agree as a lot of the token prices have been devalued really below their real prices.
It has been a crazy year and it is only november now, I can't think of what the 2019 year will bring us. The correction was definitely something we deserved, the price was just around 900 dollars and less a year before the skyrocket, nothing should go up from 900 dollars to 20 thousand dollars in a year it went up almost 23 times in price which is definitely not sustainable unless you keep pouring money into it at billions rate. Of course it got corrected back into what it deserves to be and there was a lot of new people coming in during those times, some of them got in and just ran away when it dropped but some others stayed and amongst us right now which made the user base a bit bigger.
Thanks to those people and the rising transaction numbers causing miners to work overtime right now we have a bitcoin that worths over 6 thousand dollars, it is still a big increase from the 900 dollars two years ago but nothing insane like 20 thousand dollars.
The year 2018 is seen by most investors as the year of correction and there was a lot of expectation from the year to me but the year does not seem to go well pertaining to that for me. There is more expectation from how the market is trending.
I do not hesitate to agree with you but this year of correction does not mean that the next year would be ought-rightly a year of high prices or profits. This is rather a down year and the economic activities along most part of the year have been low as well. Though it is normally expected of Bitcoin to give back instant profit but this time it might take time to revive again and only after the revival, we can have a market that will replicate the invested amount. 
I am agree with those who are saying that this year have corrected the actual value of bitcoin and all the other crypto coins but in broad sense we will say that for this whole year bitcoin is used in every time no one have against of it and bitcoin in this year more stable than last year speculation affects the investors very worry about crypto because the market was un predictable and it is dangerous in ling term.
Perhaps you are right, and this long-term correction can really benefit cryptocurrency and slightly change the market of ICO projects, because at the end of 2017 cryptocurrency gained great popularity and many people came here for the sake of earning money through speculation. I am confident that the cryptocurrency industry will become even stronger.
This is really a healthy correction, cleaning all those hype last year and now we will witnessed the real value of cryptocurrency. The next bull run for cryptocurrency will become more stronger and more objective, the goal is to exist in this market for good and not just to give higher return to the investors, I mean we are here to enjoy the blockchain technology, investment is just a bonus for us. This may take a long correction but later on we will break the resistance and everyone will come in this market again to invest with great coins and use this technology for their own benefit. This market will become more convenient to use around the world.
maybe this year is a year of correction from the results of the increase in bitcoin prices in 2017 which experienced a very sharp surge so that in 2018 the price of bitcoin experienced a very extraordinary correction and made its prices to be very cheap as it is today.
yea i think so , especially for bitcoin price , the price rightnow have stable fluctuation on the price and get price on range 6300-6600$
If this year is allocated for bitcoin and crypto corrections, then so be it. I know the advantage of correction brings to cryptocurrencies. If that is so, i expect an inflation of crypto prices in the coming months.
This is just a short term thing as we are not even close at all to mainstream adoption, which I solely believe will bring a huge increase in value in the long run. One thing a lot of people find pretty hard to wrap their heads around is that corrections are normal for long term and sustainable growth. If the market just keeps moving up without some slight corrections or big corrections we are seeing now, it will never turn out well as this is when we will get to eventually see a huge crash, but for a steady gradual growth, over time, it is always sustainable and that is where I believe we are headed.
As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
How do you know that in 2017 is a correction? no one knows what the value of bitcoin will be as it can go up or even go down
There were many bullish predictions for the fall, but they didn’t come true, and currently, we observe a standstill of the market. The correction of prices has already passed. Recently, the prices don’t fall below a certain point and cryptos show low volatility. The crypto market is now passing a bearish phase. There are still positive predictions for a bullish run for the end of 2018, but nobody can know it for sure. I think the next two months will be exciting.
Jump to: