Topic: Be careful, bitcoin will correct (Read 857 times)
I was reading an article last week about bitcoin and that in the next couple months it will have a limit on the creation of any new coins. Is this true and if so would that drive the price up?
Now the prices have stabilized to $10000- $11000 and I think this is the right time to invest more. I will be buying 10 BTC this month.
That's true for any other asset as well. Bitcoin price has increased exponentially over the past few weeks due to the positivity around the market and investment inflow. Any asset increasing that much will have to come down at some point to make its base stronger and to take the next leap.
But this correction will give investors like us an immense opportunity to buy again at a cheaper price. So the correction is not going to last longer for sure.
But this correction will give investors like us an immense opportunity to buy again at a cheaper price. So the correction is not going to last longer for sure.
Yes agree, I think the price will grow up in nearest future.
Of course there was a price correction, after the surge it is normal that the price drops. But it took a while for the price going down to 10K and it might even have a further decline to 8K. But then we'll have another upswing and bitcoin could even reach 30K soon.
Course correction is always performed.At a price of 18.000$ it was clear that to go down.But the practice of the past shows that if the price has reached peaks and is likely to be falling.But also the rise again in the area of price 18000$.Of course no once can take months.Again this my personal opinion.
May you can point out what made it for you clear?I personally also believe in the correction, -> Januar Dip
yes, perhaps more precisely the natural correction, and it happens every year after the bitcoin price falls. with conditions like there are some actions done by holders bitcoin, hold, sell and buy, but my choice will keep bitcoin in wallet, and I will wait until bitcoin back stable.
If not now, eventually.
The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.
I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.
Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.
Yes, the idea is quite right, bitcoin is right, maybe not right now, but in the end it must be correct. We need to be more patient now, to reduce its possession, but not to give up completely. The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.
I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.
Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.
Course correction is always performed.At a price of 18.000$ it was clear that to go down.But the practice of the past shows that if the price has reached peaks and is likely to be falling.But also the rise again in the area of price 18000$.Of course no once can take months.Again this my personal opinion.
The rapid increase in value is coupled with the inflow of investors due to the prospect of opening traditional brokerage houses for bitcoin trading, which is to herald the expansion of the prospects for the presence of this cryptocurrency on the US foreign exchange market.
I think bitcoin and the crypto market are in a difficult period because they are constantly experiencing extremely bad news from the big crypto markets in the world. I realize that this decline is likely to be driven by large investors and will intentionally cause the market to go down so deep that they can buy bitcoin and altcoin at the lowest level and after getting enough They pushed the market up. That is my subjective thought but I feel the market is being controlled quite a lot.
yes, thanks for the advice, and I will keep some bitcoins, and I will not keep them anywhere else, even if only temporarily. I think be patient and keep hold is my choice at this time. if i have money, i will buy again some bitcoin.
If not now, eventually.
The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.
I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.
Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.
I think the correction you are referring to is a healthy correction for the bitcoin market. Why? because it would give btc more room to grow moving forward. This will also allow the majority of the market to be able to join in the trading market. Unlike when it went up to 19k USD. So we should be more adapt to this correction that is due to happen. Yet again, I would agree with your statement that we just need to be careful towards this. The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.
I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.
Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.
The rapid increase in value is coupled with the inflow of investors due to the prospect of opening traditional brokerage houses for bitcoin trading, which is to herald the expansion of the prospects for the presence of this cryptocurrency on the US foreign exchange market.
Aren't we in the middle of correction right now? In my opinion, it is good that the price become stable lately. A lot of people have been saying that Bitcoin will fall due to the price surge. I doubt that the price will drop below $10k. Lightning Network is already here, we just have to wait for wallet updates and more merchants to accept it. As far as I know, TorGuard started accepting Lightning payments. I can't wait for the update which will allow me to test it out on the mainnet.
If bitcoin corrects again, it will actually be yet another opportunity for us. So if you fear bitcoin may correct anytime soon you can actually just sell off your cost and leave your profits in. When the correction comes, use the profit to buy in again. This strategy may make you more profit than you may think of.
Agreed. Corrections are always good opportunity for retail traders like us. This is the best strategy to make more profit. It is called swing trading in case you want to do a deep research and learn more. You basically sell on swing high and buy on swing lows.
If any body buy any position at high rate or price then that body have to afraid from the falling of bitcoin because that will decrease the value of investment .Otherwise there is not need to be care full for bitcoin correction and this is a market and without big heart no body can survive for long time. This is only prediction that bitcoin will correct but it may go up according to some experts who say that it will not come down at old rate.
Well whatever that's said is completely true but there has been quite a few corrections in the past rhus I feel that it's not gonna correct again since now , we can clearly see that people are holding and trusting it so that it will go again to great heights and that's expected in March and even if it corrects then..it will soon recover since the data given by the experts prove just that.
So I don't think we should fear correction .
So I don't think we should fear correction .
If there are no large institutions and novice companies entering the encrypted currency market, the correction is necessary. Bitcoin is more investment function, I think that if we want to achieve deeper growth of bitcoin, we must let bitcoin be applied to more daily life. This can ensure that the community is becoming more and more powerful.
You said ''that value has to come from somewhere''. Do you now how much new fresh money is pumped into Bitcoin by new investors?
Huge gains are in correlation with so much healthy investment that you can't find anywhere in the world right now, I think.
But don't get fool yourself these gains won't last for eternity.
Huge gains are in correlation with so much healthy investment that you can't find anywhere in the world right now, I think.
But don't get fool yourself these gains won't last for eternity.
Bitcoin did have a price correction and It's not so easy to reach the ATH of last year December. Many investors have moved into altcoins for quick returns. That's why Bitcoin is having a hard time to find the way up again. The mainstream is also not aware that they don't have to buy a whole bitcoin and they don't want to spend thousands of dollars in Bitcoin.
If bitcoin corrects again, it will actually be yet another opportunity for us. So if you fear bitcoin may correct anytime soon you can actually just sell off your cost and leave your profits in. When the correction comes, use the profit to buy in again. This strategy may make you more profit than you may think of.
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