Are corrections like today actually a sign of health?

CryptoC7

newbie

Activity: 44

Merit: 0

Quote from: damberg on March 07, 2018, 06:35:31 AM

I would agree that the Bitcoin market has been slowly maturing. It might never stabilize (in terms of volatility) to such extent as stocks or commodities, volatility is inseparable phenomenon of all cryptocurrencies. In my opinion, BTC will again test and break all time high, but at much slower pace than before.

Absolutely agreed, although Bitcoin had a rocky start to 2018 but as the institutional investors come to play in this market after they see the product function, a lot more money is going to come into bitcoin, so BTC could go up and break all time high.

damberg

full member

Activity: 658

Merit: 108

I would agree that the Bitcoin market has been slowly maturing. It might never stabilize (in terms of volatility) to such extent as stocks or commodities, volatility is inseparable phenomenon of all cryptocurrencies. In my opinion, BTC will again test and break all time high, but at much slower pace than before.

inskraer

full member

Activity: 378

Merit: 100

There was the next correction BTC and will be soon uptrend will and price will good. It is sign of good market

Indrawan77

hero member

Activity: 1274

Merit: 516

Correction is usually a sign of healthy transaction, it indicates there are selling and buying, bitcoin price is going up so fast so it is impossible there are no corrections, but it depends on how big is the correction and how long the correction happened, if it decrease thousand of dollars in few hours, it's not a healthy correction but it's a dumping action

UltraMegaSick

jr. member

Activity: 58

Merit: 10

Quote from: Nathan047 on November 30, 2017, 10:03:04 AM

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

Nah, isn't not a correction is just the nature of supply and demand, the amount of people holding, and manipulating the market at their desire.
Havent you see the yesterday a few exchangers went offline at the samet time ?

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: Nathan047 on November 30, 2017, 10:03:04 AM

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

I have no idea how can you call normal something that happened in seconds while we were waiting for it for 7 years in past, yes I mean we wanted bitcoin to be higher than 1000$ and now this happened in seconds, rise and fall, both happened. That's not normal of course but the fact that it didn't lose it's stability is pretty good. Also while sudden rise happend, there is a chanse of more higher and sudden fall too, remember this.

twobits

sr. member

Activity: 574

Merit: 250

Quote from: Nathan047 on November 30, 2017, 10:03:04 AM

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

This is normal If the bitcoin gains a lot of the value just in short-term and we must see the correction too. Don't worry the price will jump again asap. Remember to never do cut loses on your investment.
Because the traders need to cashout some of their money.

Zocadas

hero member

Activity: 909

Merit: 508

Yes, the "correction" was good, but I fear, the uptrend will continue sharply. At beginning of this year, we where on around 800$, so we cannot really talk about a correction.

eternalgloom

legendary

Activity: 1792

Merit: 1283

It's certainly a big part of what makes a market healthy, if we didn't see a correction like this after such huge unmaintainable growth I'd be worried.
What's even more interesting is seeing how the price will react after this small correction.

We've seen similar drops like this in the past couple of months and they lasted only for a couple of days, after which the price went up again.
Luckily we haven't seen anything like back when Mt Gox went down, prices barely moved for a year after that.

Imfinnabeon

full member

Activity: 238

Merit: 101

Decentralize The $15-Trillion Global Trade Industr

Quote from: 1Referee on November 30, 2017, 11:41:09 AM

People must understand that certain price levels in the extreme short term aren't sustainable at all, and current levels are no exception. The market reacts perfectly by securing profits at these levels, which helps in getting the price to fall down to a bit more 'appropriate' levels. People constantly look at the market as if it "lost" $2000 in a single day, but there has nothing been lost. It was more panic buying (i.e greed) that drove the price to these levels, than a market looking to increase further based on actual demand. In that regard you can say that corrections are more or less healthy, where it depends per case, but in current situation, it is indeed healthy. What's it worth to increase madly, when you know that the peak levels aren't sustainable?

*THANK YOUU! GIF* Wow good to know there is some sense left on these forums. I think I have red about twenty different threads about the correction and the market health and how it looks. It was pretty obvious to those who know what organic growth looks like and bitcoin plowing through 7k, 8, 9k, 10k, and even 11k in some markets was completely whack. I myself expect an even bigger correction so for me this is a drop in the bucket yet. I am prepared all the way for a correction down to 5k (although I think that is unlikely) and would not even panic then because you know tons of people are willing to snap that price up real quick. Have some patience and everything shall pay of in some time.

1Referee

legendary

Activity: 2170

Merit: 1427

People must understand that certain price levels in the extreme short term aren't sustainable at all, and current levels are no exception. The market reacts perfectly by securing profits at these levels, which helps in getting the price to fall down to a bit more 'appropriate' levels. People constantly look at the market as if it "lost" $2000 in a single day, but there has nothing been lost. It was more panic buying (i.e greed) that drove the price to these levels, than a market looking to increase further based on actual demand. In that regard you can say that corrections are more or less healthy, where it depends per case, but in current situation, it is indeed healthy. What's it worth to increase madly, when you know that the peak levels aren't sustainable?

piloder

legendary

Activity: 966

Merit: 1006

Quote from: Nathan047 on November 30, 2017, 10:03:04 AM

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

I will say atleast few of the big whales taken out profit on that correction but it was shoot up again from newbie investors who were waiting for some correction to jump into.

$15k+ possible from this point as correction looks over right now.. Price is not going deep down anytime soon.

HeRetiK

legendary

Activity: 3038

Merit: 2166

Playgram - The Telegram Casino

Quote from: Nathan047 on November 30, 2017, 10:03:04 AM

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

Definitely healthy. Old school Bitcoin would have probably jumped to USD 20,000,- only to break down to USD 4,000k,- or something like that. Right now it looks like Bitcoin is much more stable than it ever was, despite the lofty heights.

I just wonder whether this also means that Bitcoin's bear markets will now be much more subtler as well. As in: No sudden drops, but just a slow, painful decline like the one we saw 2013-16, except on a longer timeframe.

DaMut

sr. member

Activity: 1274

Merit: 263

yup it's a healthy one because we're rallying like no tomorrow so this dump is expected actually,
no matter what asset is it as long as it get pump someday it will get the dump no matter what,
many people talking about crash or doom or similiar to that one just to create a chaos,
trigger the weak hands and profiting from all of it,
so if you're buying it at the top i recommend you to hold it or sell it right now and buying back at lower price.
everything can be happen with it in the next second just like before,
we made a move from $11000 to $9000 in a single day,
hold it tightly if you do not want to lose it all and take some vacation.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Corrections are very much the sign of a healthy market. It is perfectly normal to expect some profit taking after a large move up. The small drop in price that results from profit taking then panics others into selling and you get a correction. Smart traders took some profits at the highs yesterday and are slowly buying back in as it falls. If you compare this to what happened in 2013 and 2014 and you can see the level of the retracement is much more shallow, making this a correction rather than a crash, and that is a sign that the Bitcoin market has already started to mature.

Nathan047

sr. member

Activity: 504

Merit: 250

Just today Bitcoin has lost nearly 2,000$ after it’s sharp rise. So could this be a sign of health/maturity, meaning that Bitcoin won’t shoot up or down really fast without correcting; or does this just mean nothing other than a normal correction?

Topic: Are corrections like today actually a sign of health? (Read 371 times)