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Topic: 2018 the year of correction? - page 22. (Read 18094 times)

jr. member
Activity: 308
Merit: 4
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October 28, 2018, 07:14:30 PM
#30
It is very obvious that 2018 is the year of price correction for cryptocurrency because of an over bought and too much hype last year where even technical analyst was also surprised and always reminding us that this is to be expected. Even stock market experience huge losses this year so it will also be applied to cryptoccurency. This is for a healthy correction and we just have to be patient instead of crying or turning our backs to cryptocurrency.
full member
Activity: 490
Merit: 105
October 28, 2018, 06:11:46 PM
#29
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 market can grow constantly, the falling in this year is natural process without which new cicle with new bull run can't happen. Only sad that a lot of people bought on the high because hype and lost their money, most of them are usual people that believed in crypto.
member
Activity: 532
Merit: 10
BITCOIN IS THE CURRENCY OF THE GLOBE
October 28, 2018, 05:53:18 PM
#28
Overe valuation of  token  in 2017 is what lead into the long  period  of correction in 2018, the future  is sure positive for the cryptocurrency platform , now is the time to keep investing as we are sure to experience the bull run in 2019, strategic investment is what will lead to an overall success in the bull period.
member
Activity: 336
Merit: 12
October 28, 2018, 02:39:05 PM
#27
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.
Well, the mathematical and historical forecast has not yet come, it indicates the year 2020.At the moment we are in a zone of consolidation.Excellent price level +-6000.If we still hold on for about a month at this level, then it will become too strong.The time of movement at this level is unknown, but the longer it goes the stronger the growth.
legendary
Activity: 3234
Merit: 1613
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October 28, 2018, 02:37:25 PM
#26
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 hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019.  Wink
I agree that it is fair that the market faced a huge correction, but it's been a really long time now with no real perspective of things changing for better. As for Bakkt, I don't know, it looks like another proposal that will get rejected. And from what I read Bakkt is just about some other bitcoin futures, and futures are not very healthy for btc, since they tend to ignore the real price and completely manipulate it by agreeing on things in advance. This can be confusing for people who will try to trade btc for the first time. And besides, SEC rejections do make sense, because bitcoin is not any kind of stock (security).

BAKKT is being operated with REAL bitcoin’s people say this makes it different. I don’t know, we’ll have to wait & see.
legendary
Activity: 3150
Merit: 1392
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October 28, 2018, 02:32:22 PM
#25
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 hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019.  Wink
I agree that it is fair that the market faced a huge correction, but it's been a really long time now with no real perspective of things changing for better. As for Bakkt, I don't know, it looks like another proposal that will get rejected. And from what I read Bakkt is just about some other bitcoin futures, and futures are not very healthy for btc, since they tend to ignore the real price and completely manipulate it by agreeing on things in advance. This can be confusing for people who will try to trade btc for the first time. And besides, SEC rejections do make sense, because bitcoin is not any kind of stock (security).
hero member
Activity: 2170
Merit: 528
October 28, 2018, 01:15:17 PM
#24
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.

Almost everybody is predicting that this year will be starting a bull run again, and that is why big manipulators doesn't want you people to be with that so they will try to make you wait until everybody losses hope and get out of the market.

Don't ever look at what other people are saying. When most people were saying that Bitcoin won't go below 10000 USD it went. When they were saying that the bottom at 6000 was reached we went lower to 5800. When they were saying in August that Bitcoin is rallying again and the bear market is over it went down a day later.
A year of correction is not something new or uncommon. 2 years of correction like 2014 and 15 would ba a bad thing.
full member
Activity: 1246
Merit: 102
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October 28, 2018, 11:13:52 AM
#23
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.

We still lucky because bitcoin prise not too low but it is quite stable now. Time will come,maybe next year bitcoins value will be more higher than last 2017. Let's just wait and see. Only time will tell if what will be happen to bitcoin and cryptocurrencies.
i think that to bounce as high as possible it can happen, given its bright future. but indeed during 2018 a deep correction occurred, and finally touched 61% on Fibonacci
sr. member
Activity: 896
Merit: 253
October 28, 2018, 11:11:16 AM
#22
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.

Almost everybody is predicting that this year will be starting a bull run again, and that is why big manipulators doesn't want you people to be with that so they will try to make you wait until everybody losses hope and get out of the market.
sr. member
Activity: 588
Merit: 257
October 28, 2018, 11:10:01 AM
#21
What is bad year? There is no such thing like bad year because what happens with the crypto currencies is the output of surrounding nature where the investors matters, government decisions matters and much more things. This year things are odd because major decisions are being taken on the matter of ETF by SEC and the increased SEC involvement into the Cypriot currencies is actual thing making people uncomfortable to make the investment into it. May be this is why it is taking longer than usual for the crypto to overcome the current situation. This is just my opinion about it because there is no other thing which is as big as this one.
jr. member
Activity: 192
Merit: 3
October 28, 2018, 11:03:25 AM
#20
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.

We still lucky because bitcoin prise not too low but it is quite stable now. Time will come,maybe next year bitcoins value will be more higher than last 2017. Let's just wait and see. Only time will tell if what will be happen to bitcoin and cryptocurrencies.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
October 28, 2018, 11:02:01 AM
#19
there are two different things here to talk about.
bitcoin and the predictions, altcoin and the predictions. i completely expected the altcoin drops to continue this long and i actually expect it to go on for a longer time even after bitcoin price rise eventually begins. it is always like this. when they pump and then dump the altcoins, that dump makes many newbies to either go away entirely or they stop investing in altcoins. in both cases the next pump will take a longer time to start.

bitcoin is a separate thing. i did not expect the bear market to last this long but i am still glad that the "drop" part of the bear market was very short (a couple of months) and it has been over for a long time now. the stability that we had for over 2 months shows the end of that bear market and that is a good sign.
legendary
Activity: 2380
Merit: 1343
October 28, 2018, 10:54:21 AM
#18
Most people who have been in this space since at least early last year know
that we have achieved correction at this stage of 2018 and IMO it is a very
healthy place. There are some people who are still suffering from the ATH
back in January and are either calling the current state of crypto a disaster
or are looking for favourable predictions on the next bull run.
full member
Activity: 588
Merit: 100
October 28, 2018, 10:33:31 AM
#17
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 agree that 2018 is the year of corrections because of many expectations expectations that are frustated.lts really a lesson to us how to manage coins now.As they say experience is the best teacher that will correct my past.
copper member
Activity: 383
Merit: 100
October 28, 2018, 10:27:16 AM
#16
2018 is a year of overall crypto price adjustments, but with regard to bitcoin it stays at $ 6500 so it's likely that there will always be 2019 for all crypto to get a good market, to stabilize their prices.
copper member
Activity: 409
Merit: 0
October 28, 2018, 09:53:28 AM
#15
Even though this year the price of bitcoin fell down, don't let yourself panic and think bitcoin will not be able to return to a higher price, still believing bitcoin will be able to increase and hold for future profits.
member
Activity: 434
Merit: 10
October 28, 2018, 09:27:21 AM
#14
Bitcoin this year has experienced a different decline in the past year where bitcoin was above the peak, but in the coming year I am sure bitcoin will definitely rise because bitcoin this year is clearly above the average bitcoin price because it has an impact on several countries banned crypto as a payment error and there were also several crypto advertisements which also closed in promoting crypto.
jr. member
Activity: 434
Merit: 4
October 28, 2018, 09:23:35 AM
#13
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.
Eternal growth of the price can not be and should not be!. Investing in any assets has never brought such big money as in cryptocurrency, and now what we see is a natural process called correction.
The increase in the price of bitcoin and all altcoins by hundreds of percent is an exaggeration, so I expect a further decline in the price to 4000-4500 dollars. Investors are afraid to come to this market if the price does not fall because the risks are high. And to reduce risks and attract new players it is necessary that the price was even tastier. Only after that we will go up.
member
Activity: 350
Merit: 10
October 28, 2018, 09:09:14 AM
#12
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 it's not only correction to be considered but also the people see profit on their investment already. In other words, when investors see the price soar high last December 2017 they sell their coins and that the reason why the supply is abundant and the price drops.
hero member
Activity: 3094
Merit: 929
October 28, 2018, 08:58:38 AM
#11
Many people think that 2018 is kinda similar to 2014 and 2015 for bitcoin.The only difference is the bitcoin price.I expect that 2019 or 2020 will be the big bullish year for bitcoin,just like 2017 was,but we need some impotant things to happen.China and India have to adopt crypto again and btc futures trading should be banned.
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