2018 the year of correction? - page 2.

freedomgo

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Quote from: Netnox on May 29, 2019, 01:30:11 PM

LOL.... 2018 will be known in the history of Bitcoin as the year in which the cryptocurrency got rid of the non-serious investors. A lot of people jumped into the world of cryptocurrency in 2017, probably attracted by the huge spike in the exchange rate and the mainstream media coverage. They wanted 10x or 20x returns in a few months time. When that didn't occurred, they just sold their coins and made exit.

That was suppose to be their learning point, but some who did not learn while they stay surely panic and sold their investment at a lower price.
But this year since they've seen crypto recovers, I'm expecting they will come back strong this time and in case price will dump, I think they will not anymore panic easily as they have proven investing in crypto is profitable as long as you are willing to hold.

luxearn

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Quote from: joshv06 on October 27, 2018, 03:17:22 PM

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.

I think 2018 is a strong year of bitcoin and the market after peaking and jumping in 2017.

It can be seen that bitcoin prices are showing signs of strong recovery and the time has returned to the $ 8600 mark. According to my analysis, from now until the end of 2019, the price of bitcoin will probably return to $ 16,000.

Netnox

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LOL.... 2018 will be known in the history of Bitcoin as the year in which the cryptocurrency got rid of the non-serious investors. A lot of people jumped into the world of cryptocurrency in 2017, probably attracted by the huge spike in the exchange rate and the mainstream media coverage. They wanted 10x or 20x returns in a few months time. When that didn't occurred, they just sold their coins and made exit.

AjithBtc

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It is not just correction, what we experience is a massive correction. People were much into speculation about the price of bitcoin reaching $25000 and so on, by that time the price began to fall and this too is believed to be a fluctuation and when it didn't showed any possible recovery users understood the reality. Further based on the same this time there is no big speculation in the market regarding the growth.

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Quote from: Vaskiy on May 21, 2019, 07:47:41 AM

In my opinion I believed 2018 to be the year of ethereum, as well to experience good growth with majority of the altcoins.

LOL, 2018 is a bad year, it's really a year of correction, and 2018 was the worst year for crypto, especially the altcoins like ETH.

ETH high in 2018 was 1398 usd while its low was 86 usd, there was a major dump here.

Quote from: Vaskiy on May 21, 2019, 07:47:41 AM

To the expectation everything happened in the opposite manner. 2018 not the year of correction, but it was truly the year where people understood the true nature of cryptocurrency.

Whatever you think about that year, it was a bad year and we need to recover, well, hopefully this year is the year for big recovery.

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Quote from: suryati on May 21, 2019, 08:13:30 AM

Quote from: wahyu wida on May 20, 2019, 01:32:22 AM

I don't think it's just a correction, but a severe dump, in my opinion. at such times we are psychologically tested. especially for those who invest at the beginning of 2018, of course they feel very much mental stress. but this year a little hope reappeared

I agree with you, in 2018 there had been a drastic drop in crypto prices, but I always have confidence that prices will be up, this is just a matter of time, if you are patient, you will certainly get the benefit from the investments made in 2018.

True, 2018 is a very bad year for investors because the price of Bitcoin has fallen sharply, so that it can be said that 2018 is a year of correction, and at the moment we all see that prices have begun to recover, so many benefits can be obtained at this time.

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Quote from: wahyu wida on May 20, 2019, 01:32:22 AM

I don't think it's just a correction, but a severe dump, in my opinion. at such times we are psychologically tested. especially for those who invest at the beginning of 2018, of course they feel very much mental stress. but this year a little hope reappeared

I agree with you, in 2018 there had been a drastic drop in crypto prices, but I always have confidence that prices will be up, this is just a matter of time, if you are patient, you will certainly get the benefit from the investments made in 2018.

Vaskiy

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In my opinion I believed 2018 to be the year of ethereum, as well to experience good growth with majority of the altcoins. To the expectation everything happened in the opposite manner. 2018 not the year of correction, but it was truly the year where people understood the true nature of cryptocurrency.

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Quote from: wahyu wida on May 20, 2019, 01:32:22 AM

I don't think it's just a correction, but a severe dump, in my opinion. at such times we are psychologically tested. especially for those who invest at the beginning of 2018, of course they feel very much mental stress. but this year a little hope reappeared

I agree with you. In 2018, there are a lot of new investors coming in because they only see an increase in 2017. But what happens? panic broke out in the market and even those who just entered also felt panicked and sold with losses and that caused a big dump. This year it seems that trust is starting to come back and let's see what will happen in 2020.

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this year I think the price of the majority of coins will begin to show quality gradually so making long-term investments is likely to be the best solution for traders to avoid losses after they panic at the price movements at any time.

wahyu wida

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I don't think it's just a correction, but a severe dump, in my opinion. at such times we are psychologically tested. especially for those who invest at the beginning of 2018, of course they feel very much mental stress. but this year a little hope reappeared

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in my opinion this correction will not last long because the increase is not too high like bullrun in 2017 where there is crazy crazy bullrun and correction that occurs very deep can make people instantly go crazy if he loses / experiences very brutal losses we just need to be patient and be patient with this kind of market anyway
this is very good for the market health in my opinion
will rise anyway in the near future

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Quote from: Astvile on May 19, 2019, 07:49:33 PM

I agree that this super dump last 2018 is just a correction for people,to accumulate more bitcoins for the upcoming bullrun this year.

I'm happy and proud to say that I accumulated that long period of bear.
But I have friends who are unfortunate enough because they panic and dump at that period, now they seem to be coming back and might get FOMO again.
If you are not smart, you'll make the wrong decision, which is the opposite of buy the dip and sell at peak.
These morons buy the FOMO and sells the FUD.

Quote from: Astvile on May 19, 2019, 07:49:33 PM

Some of us lose hope last 2018 putting all their money in and now we can see hope to regain all losses and gain so much profit

Me, I didn't because I know crypto will recover and whales will pump this up again.

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2018 was the year of correction because every bull market is followed by a downward trend in market prices. This happens because investors begin to sell their possessions to make enough profits during the peak of prices of most of the coins. There will continue to be a downward trend as investors continue to sell - this was what happened in 2018.
2019 started with a great resistance to the bear market in 2018. This is known as the resistance phase because the downward trend ceases to progress and there is no significant rise in prices too. However, Q2 2019 started with gradual increase in market prices and this has cause a significant rise in market prices and value. This movement is likely to trigger the bull market.

Astvile

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I agree that this super dump last 2018 is just a correction for people,to accumulate more bitcoins for the upcoming bullrun this year.Some of us lose hope last 2018 putting all their money in and now we can see hope to regain all losses and gain so much profit

truthfirm

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is it true that 2018 is a bitcoin correction in 2017? I can answer maybe, but is it true, it is still a question too. but now it appears that bitcoin is starting to show a resurgence and is moving upward, which might also be the same as 2017.
Is it possible? everything can happen.

Rooster101

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Many crypto experts also believe that 2018 is year of correction and it obviously the longest bear market to happen in cryptocurrency history. But there are still some growth even the bitcoin keep falling and they are the top altcoins where some of them go up whikt the market is overwhelmingly red. Lucky for those who purchased bitcoin especially in december 2018 when the price is down to $3200, if they hold it till now, they already made the biggest gain for this year.

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Quote from: cryptolord2077 on April 27, 2019, 10:26:42 PM

I think part of the market is obliged to IEO, in fact it was possible to do what could not be done in 2018, to introduce safe investment in ICO, which led investors.

In 2018 there are still good ICO, or should I say ICO is still popular, though its losing its popularity, IMO only in the last quarter of the year was people already losing hope in ICO that's why IEO was introduce this year. It's a new idea and we are thankful that exchanges like Binance are finding ways to attract investors again, and since this is successful, it could be the trend this year and will help the market to recover.

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I think part of the market is obliged to IEO, in fact it was possible to do what could not be done in 2018, to introduce safe investment in ICO, which led investors.

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Quote from: gamer4156 on April 20, 2019, 11:42:50 AM

Quote from: joshv06 on October 27, 2018, 03:17:22 PM

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.

Real value of BTC is 3000$ and it was really good when it was trading at 3000$. This correction or you can say deception made people more greedier. Now everyone wants more and more. Due to this fake ICO were very active. Stability of BTC around 4000$ to 5000$ has made much better. Now people are again making their steps towards more ICO and other crypto related projects.

I hope it stay at that price for the next months, would be nice if the price goes higher but at least i expect it don't crash. Only time will talk.

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