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Topic: 2018 the year of correction? - page 20. (Read 18127 times)

sr. member
Activity: 994
Merit: 257
October 30, 2018, 02:27:52 PM
#70
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.
This is just the natural way things work, it is impossible to have a market that is always going up or that it is always going down, we need periods of correction where the price returns to a more realistic price and this gives us a period of stability in which we can accumulate more coins, if it was not for these periods it will be almost impossible to make consistent profits.
copper member
Activity: 262
Merit: 1
October 30, 2018, 11:01:05 AM
#69
I also think 2018 is the year of correction, end of 2017 and start of 2018 bitcoin price increase too fast so almost all over 2018 bitcoin correction its price as well as altscoin. May be end of the 2018 we will see next bull run because of many positive news coming about bitcoin.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 30, 2018, 10:15:12 AM
#68
I don't really know if we can see another bull run in this year and still waiting to see that coming, I already have some sh*tcoins stored in my wallet waiting to bloom in this year.
I see your point having doubt if the market can bounce back as all of those assets that we are holding right now are really in a bad positions, the rally that happen last year are far from what is happening right now, the corrections still ongoing and the bearish run are still strong, maybe we will be able to see it back when more adoptions will happen and more strong holders will start investing to this system.
full member
Activity: 512
Merit: 100
October 30, 2018, 10:11:29 AM
#67
I don't really know if we can see another bull run in this year and still waiting to see that coming, I already have some sh*tcoins stored in my wallet waiting to bloom in this year.
sr. member
Activity: 798
Merit: 250
GoMeat - Digitalizing Meat Stores - ICO
October 30, 2018, 08:25:37 AM
#66
Of course in 2018 is the correction year and the year of loss, losing some of their assets due to the decline in crypto prices in the market and this year is an investment year for those who believe that crypto will grow in the future.
much holder and investor felt  this year was the worst year for their investment.assets value reduce alot maybe down almost 90% from highest price.
full member
Activity: 602
Merit: 100
October 30, 2018, 08:00:50 AM
#65
Of course in 2018 is the correction year and the year of loss, losing some of their assets due to the decline in crypto prices in the market and this year is an investment year for those who believe that crypto will grow in the future.
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
October 30, 2018, 07:26:43 AM
#64
Yes, indeed, it is much more difficult to trade cryptocurrencies this year. However, I want to note that we observe a positive trend in the development of the market. This year, many promising projects have appeared, even more people have learned about cryptocurrencies and these coins have become more often used as means of payment. In General, I see more good news.
newbie
Activity: 7
Merit: 0
October 30, 2018, 04:50:55 AM
#63
Last year was really a memorable year for electronic money investors. After the start of the year with a total market cap of just $ 17.7 billion, total capitalization has soared to $ 613 billion by the end of the year. As a percentage, the market has grown by 3,300% in just one year, which is probably the only year in which the highest percentage increases for any asset in history.
sr. member
Activity: 791
Merit: 273
This is personal
October 30, 2018, 04:21:40 AM
#62
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 that this year was really good for newcomers, which heard about crypto for the first time in 2017., to invest and accumulate at better prices than they were at the end of last year and january of this year.
jr. member
Activity: 95
Merit: 1
October 30, 2018, 03:49:54 AM
#61
In digital cryptocurrency there is no accurate data because of cresendo and descresendo in the market. Compare to last year the bitcoin price today is quite stable at $6k. Lets just have a wait and see approach because time and people will dictate the another possible surging price of bitcoin.
sr. member
Activity: 882
Merit: 282
October 30, 2018, 02:49:25 AM
#60
When i compare this year 2018 to the previous years, i become a little sad to see all my coins burning and i happen to have lost huge sums of money from most icos I invested.
I don't think it is wise for you to compare one year to others as this will lump up things.  Last year those that buy cryptocurrencies in 2012 to 2017 were able to sell in profits and because there were selling more than buying in 2018, that brought cryptocurrencies prices down. 
For you to be among the future cryptocurrencies beneficial then you should buy now as 2018 has provided for us another opportunity to buy cryptocurrencies and bitcoin at a very low price and sell maybe in 2020 or 2022 with a very high profits.  Correction and distribution provide us with opportunities to either buy or sell and that is the cycle of this market!
hero member
Activity: 3080
Merit: 603
October 29, 2018, 06:57:54 PM
#59
When i compare this year 2018 to the previous years, i become a little sad to see all my coins burning and i happen to have lost huge sums of money from most icos I invested.
Your coins aren't being burned, you are just exaggerating your feeling.

It's a sensation that you are feeling right now because you are only see down and you rarely see the market to go up right now. This year has been full of frustrating stories but don't give up and keep your plans to follow. The longer you are in this market, you are likely to survive.
full member
Activity: 490
Merit: 101
October 29, 2018, 05:09:15 PM
#58
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.
member
Activity: 270
Merit: 10
October 29, 2018, 04:35:26 PM
#57
When i compare this year 2018 to the previous years, i become a little sad to see all my coins burning and i happen to have lost huge sums of money from most icos I invested.
member
Activity: 196
Merit: 10
October 29, 2018, 04:06:43 PM
#56
In the end of last year, we were truly going to a level, which I also thought, that it can not continue forever, and so I started to feel the market cap of Bitcoin is growing too fast, but there must be a limitation. But this correction what we are experiencing now, it is something I did not want to see, even if it is healthy in the long term, simply too long Smiley
full member
Activity: 506
Merit: 101
1 & 0 😏
October 29, 2018, 03:02:26 PM
#55
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.

In my opinion there is not enough paper money to calculate it out, because folks are going to wish for the price to rise again at every price. Everybody just care profitable assets and stopping in any price is worst than price dropping.
legendary
Activity: 3052
Merit: 1188
October 29, 2018, 01:43:14 PM
#54
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.
In crypto world and in real life as well. The world has been seeing a lot of countries and companies and even the stock market in general a drop and because of that the general wealth of the world has been getting down really a lot and that of course affects bitcoin world as well. When a regular person has stocks and has been investing smartly do you think he would consider putting money up on bitcoin as well when his "safe" investment is going down ? No. He will consider that when he is making a lot of profit from it tho.

So this shows us that the more wealth there is around the world the more people will get into bitcoin, we have preyed on the fact that there has been x10 profit makers in the crypto world so others should join and put their money into crypto and make x10 return themselves too. Now we need to show them how we are definitely better than stock market.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
October 29, 2018, 01:00:27 PM
#53
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.

The dominance of bearish market this year is really painful to others because of the fact that they bought some last year and really continue to hold while watching bitcoin price crashes into an unexpected price level after hitting new ATH last year while others force to sold at lower prices.

But on the brighter side, it's really a good thing for me that this crash happened so we can see what is really the "real" bitcoin price without the involvement of hype of fake pumps. I think we now know at what price level we can considered as strong point of bitcoin price and we can used that as reference to help us to plan a better strategy.

As always, people just have to remained patience and don't rushed things.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
October 29, 2018, 12:49:52 PM
#52
I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019.  Wink

Bakkt itself won't do much in the short term considering how they are using the OTC market to stock up on coins. It's very likely that they have enough coins already to last them a good number of months.

I think it's more likely to see the market react in a negative manner to Bakkt with how people think it's such a big deal, while its effect on the market won't be felt immediately. Don't get me wrong, on paper Bakkt is a big deal, but there isn't much to be bullish about in the short term with the aforementioned in mind. The other side is that we don't even know if there will be enough demand, because the demand for crypto is known to be very low during bear markets.

Coinbase already took out its index fund due to that. Bakkt in case the demand is there, will affect the market after a couple of years. OTC market -> spot market are different worlds.

This has been mine stance on the launch of BAKKT and the amount of OTC trade going on is affecting the volume on main exchange and if this persist this way I don't see how the price will pick up. What I see here is that there are a lot of invisible hands in play now and retail investors are feeling like a pawn in the hands of the institutional investors
newbie
Activity: 8
Merit: 0
October 29, 2018, 12:14:35 PM
#51
I think you are right. We are now seeing a low but fairly stable price after last year's skyrocketing. I hope we see a high but stable market price in the next year.
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