Bitcoin and Altcoins are in Correction!

marjil

member

Activity: 454

Merit: 13

Quote from: muraqaba on February 01, 2018, 08:09:18 PM

correction my ass. if you look at the buy and sale orders of btc on gdax right now someone is manipulating the price. correct me if im wrong.

To a newbie like me, how can we tell someone is manipulating the price by looking at buy and sell orders? What are the signs? Also, how would someone be able to manipulate prices? Is that really possible?

btcCoincart

newbie

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Yay, but how long they will be corrected? That's the biggest question you need to answer

JCLee

full member

Activity: 280

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The decline in Bitcoin and Ethereum has led to the fall of all other cryptos. And now that the market is showing signs of recovery, it is unlikely that Bitcoin will rebind as strongly as the sentiment of investors has shifted to investing in altcoins and ICOs instead invest in Bitcoin only.

henryp2

newbie

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Thank you for this timely information. It's hard to keep seeing those reds without thinking of dumping .

HashieNewb

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Quote from: Rappyboy on February 01, 2018, 07:14:17 PM

Dumping all because of bitcoin, a lot of negative news the past week, and binance not servicing china.

I feel that it's not over yet, there is still a while to go in order for the price to fully correct itself. People are still wanting to make money off of Altcoins.

keykey1

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Activity: 406

Merit: 100

Quote from: deeofficialx on February 01, 2018, 07:19:59 PM

I've read that: India, Korea, and China. But, it will go back, I know.

Naturally the events in these Asian countries had the greatest impact on the market and on the prices of Bitcoin and altcoins. That is why I cannot consider this fall a correction. Stabilization will come very soon, and now only the patient ones will be in profit.

creeps

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Newbies should learn on this great article, don't just believe on a FUD you might loss the money you have. If you bought your holdings at a higher price then you should be more patience for now corrections is real but don't worry because everything will be back to normal.

Agamemnus

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Activity: 267

Merit: 100

There was already a correction in January.

nmax21

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Now there is not the biggest correction for bitcoin. They were much worse. And I see no reason to worry, only the opportunity to buy at a low price and wait for growth. The main thing is to be calm!

asus09

sr. member

Activity: 1344

Merit: 270

yes I think this article is great for many beginners, basically. any decline will definitely happen in the trade. it's about speculation and knowledge. you have to be prepared with what happens to the market. now is the best time to turn things around and buy some cheap altcoin and bitcoin.

bachthanhtung

newbie

Activity: 15

Merit: 0

Quote from: deeofficialx on February 01, 2018, 07:19:59 PM

I've read that: India, Korea, and China. But, it will go back, I know.

Yes, be like you. I believe in BTC, And It will go back soon Cheesy

.

ninche

sr. member

Activity: 610

Merit: 261

it is not Correction but collapse

Pursuer

legendary

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Where is my ring of blades...

I disagree mainly because you used the word altcoin

altcoins are pump and dumps and what they are in is a dump not a correction. and as you can see there are still altcoins that are getting pumped. for example DigixDao got pumped huge today for no reason so you can't speak generally.

as for bitcoin it is not a correction anymore. it is a big dump probably because of panic. the correction ended weeks ago above $10k and as we all witnessed the support level at $10k was huge.

galkina

jr. member

Activity: 84

Merit: 3

You will see the prices of Bitcoin going down only for at least a week. Actually, budget was announced in India and it is being reported that Indian government is going to stop all Bitcoin related activities in India.

jimskiy

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I have face this trouble in my live when I choose to participated at bitcoin and the situation where the bitcoin dump in the low price for me is usually moment when the bitcoin sometime in the high and sometime in the down Nothing for to worried about bitcoin value right now, I know bitcoin touch the down price to $10000 bitcoin and is not be to worried because bitcoin value will be up again in the high price someday in next month.

nonilon

newbie

Activity: 33

Merit: 0

This drop is only cycle in crypto and btc,altcoins are good in this situation just hold your coins and prepare yourself to lose or to earn big that's crypto you need to take risk here so leave if your scared.I think for more work in some way not like in trading that you can lose your investing.

Zuilhsa

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Merit: 100

Quote from: deeofficialx on February 01, 2018, 07:12:30 PM

I know, a lot of those rookies in crypto (well, including me) got a panic attack because of this current downtrend; Bitcoin, Altcoins.
I almost sold my holdings and take a walk in a shopping mall, but, luckily, I have read this very nice article and got me back into my real self.

Link: https://steemit.com/cryptocurrency/@kenobi/why-the-crypto-market-is-so-down

Disclaimer: This article is not mine, and will not be mine. I just want to share this to enlighten those rookie (like me).

Thank you for sharing good information. If there is a dip there will be a increase, so don't be panicked by the current situation, when we see the price we may sometimes lose hope by the huge downtrend, we don't question and believe blindly in bitcoin when the price rises, the same mentality should be possessed by us at this instance and we have to believe it firmly sure there will be bright future very near.

goocoin

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Activity: 175

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Quote from: hghcoin on February 01, 2018, 10:24:24 PM

Quote from: deeofficialx on February 01, 2018, 07:12:30 PM

I know, a lot of those rookies in crypto (well, including me) got a panic attack because of this current downtrend; Bitcoin, Altcoins.
I almost sold my holdings and take a walk in a shopping mall, but, luckily, I have read this very nice article and got me back into my real self.

Link: https://steemit.com/cryptocurrency/@kenobi/why-the-crypto-market-is-so-down

Disclaimer: This article is not mine, and will not be mine. I just want to share this to enlighten those rookie (like me).

Thank you for sharing, let me no longer panic, I will do something else during this time, wait patiently, I believe that Bitcoin will become better.

At present, bitcoin is facing overbought correction trend. As markets deepen their understanding of blockchain technology, up to 2025, 10% of global GDP will be stored using blockchain technology. Perhaps in 10 years, bitcoin will become the "more mainstream" currency.

hghcoin

full member

Activity: 206

Merit: 100

Quote from: deeofficialx on February 01, 2018, 07:12:30 PM

I know, a lot of those rookies in crypto (well, including me) got a panic attack because of this current downtrend; Bitcoin, Altcoins.
I almost sold my holdings and take a walk in a shopping mall, but, luckily, I have read this very nice article and got me back into my real self.

Link: https://steemit.com/cryptocurrency/@kenobi/why-the-crypto-market-is-so-down

Disclaimer: This article is not mine, and will not be mine. I just want to share this to enlighten those rookie (like me).

Thank you for sharing, let me no longer panic, I will do something else during this time, wait patiently, I believe that Bitcoin will become better.

ehrz22

full member

Activity: 406

Merit: 105

Quote from: muraqaba on February 01, 2018, 08:09:18 PM

correction my ass. if you look at the buy and sale orders of btc on gdax right now someone is manipulating the price. correct me if im wrong.

Me too, I am also thinking of this. Whales are making their moves, they are manipulating the price now. I hope btc will not go down dip. This will surely affects most of us emotionally. I am still positive and hoping that all cryptos will recover in march. Don't lose hope.

Topic: Bitcoin and Altcoins are in Correction! (Read 274 times)