Correction in the next days? | Bitcointalksearch.org

Yamifoud

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Quote from: akram143 on May 13, 2020, 10:24:15 AM

Its better to trade their profits in to stable coins or in fiat so they no need to worry about their correction.IMO I guess the correction has happened now let the bullish run to begin!

I hope you are right with your prediction. Bullish will come sooner or later, as well believe that but not to know when.
It is really a big surprise when the market dumps as halving had come. Some say it was because of the miners and some also pointing out whales manipulation. Actually, we can consider them both for we know how they could bring influence to the market but I wasn't deeply disappointed coz the price is still in good. And I don't think we need to worry about the correction and I think we are done with it.

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Quote from: Lizzylove1 on May 13, 2020, 01:11:22 AM

Quote from: Paulinerims on April 29, 2020, 05:30:40 AM

A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

This actually came to pass as expected which is just a cycle it has always happen from history. However let's be in guard to avoid been caught unprepared while the next bull run starts. Don't trade your bitcoin and good altcoins for dead projects thinking you are suddenly going to be rich through shit coins.

Its better to trade their profits in to stable coins or in fiat so they no need to worry about their correction.IMO I guess the correction has happened now let the bullish run to begin!

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Quote from: Paulinerims on April 29, 2020, 05:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

We don't know how serious it can be because we could only predict what will happen based on the market moves. If the dump happens, then we need to be prepare from now on, so we don't panic if that is really happening. Better you prepare your money to buy bitcoin at the lowest price so you will have a chance to sell bitcoin at the highest price later. But the correction of the price will always come, especially if the price can rise higher than the lower price, and it will stay for a while at that price before it backs to the last high price.

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Quote from: Paulinerims on April 29, 2020, 05:30:40 AM

A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

This actually came to pass as expected which is just a cycle it has always happen from history. However let's be in guard to avoid been caught unprepared while the next bull run starts. Don't trade your bitcoin and good altcoins for dead projects thinking you are suddenly going to be rich through shit coins.

vicoma

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Everybody is just speculating and at the moment, it seems BTC has shown some level of corrections, and we might not see any big dump as people predicted.

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Quote from: beerlover on May 12, 2020, 02:23:17 PM

When you call it correction you don't discredit the increase, when you call it profit realization you do not discredit the increase, but when you call it dead cat bounce you do not name the drop, you are discrediting the increase. I do not get it, what are you gaining with that?

You probably misunderstand the term

A dead cat's bounce is not a name for a drop. It is a name for a short-lived rebound, which, technically, is the opposite of a drop, though typically shorter and lower than a similar price action called double top. Both terms mean we are about to crash, and a crash is not a correction under any name other than wishful thinking

Whether we are actually about to crash is in fact a matter of opinion, but you can't challenge an opinion (if that is what you imply). Personally, I wouldn't be in the least surprised to find out that most of this growth has been heavily leveraged, which cannot but invite a juicy long squeeze

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I do not really understand what the cat dead bounce thing people keep saying all the time. I really know the term for it, I know what it means, but I do not understand why people keep insisting on calling every single drop a dead cat bounce, why would you do that? Isn't there other stuff that we can call as well? We could call it a correction, we could call it for simple what it is, people taking out profits. Noooooo, some people want to not only name the drop, but also want to discredit the increase as well.

When you call it correction you don't discredit the increase, when you call it profit realization you do not discredit the increase, but when you call it dead cat bounce you do not name the drop, you are discrediting the increase. I do not get it, what are you gaining with that?

bitbunnny

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Corrections are always possible, with or without halving and I think by known this is a well known fact.
However, such annoucements can make some users make bad choices. If they beleive the price will fall they might start selling. And it's true that is very hard to tell what exactly halving brings and I'm not sure if the best thing is to compare the experiences from last halving thinking that the same will happen now. Let's be patient.for a while, everything will come clear.

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Quote from: coinfinger on May 11, 2020, 11:02:52 AM

Just after the last halving on 2016, bitcoin faced a negative trend which lasted up to a month. And there will be no compulsory for repeating same kind of market situation around this halving as well. I mean correction may happen around this halving and may not. But, we can be very much sure about every dips must be very good buying opportunities. I read already miners have started hoarding for double the benefits in coming days rather than rushing toward cashing-out their mining rewards immediately like how they usually do.

I was expecting bitcoin to be sustaining around $10k levels when this halving will be happening but it seems we are going to have bitcoin price levels under $9k at the times of this halving. It means we already had a correction and which might be the bottom for the current market situations.

We cant really eventually tell if this would really be the bottom.Come to think that when bitcoins price touched up 10k then lots of people already presumed that this might be the new bottom since
the price had rallied but it did make some corrections going back to 8100.This is the hardest part when dealing up with this market where anything could happen in a blink of an eye.
History can neither repeat or not thats why it isnt precise if we do just rely on what would happen in future on just basing up on the past. A healthy market would always have that correction
which should really be put up in mind.

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Quote from: coinfinger on May 11, 2020, 11:02:52 AM

Just after the last halving on 2016, bitcoin faced a negative trend which lasted up to a month. And there will be no compulsory for repeating same kind of market situation around this halving as well. I mean correction may happen around this halving and may not. But, we can be very much sure about every dips must be very good buying opportunities. I read already miners have started hoarding for double the benefits in coming days rather than rushing toward cashing-out their mining rewards immediately like how they usually do

You know, it's a difference that makes the difference

In 2016 the massive correction started about two weeks prior to halving, and we are already past that. However, back in the day Bitcoin had been slowly but steadily rising for almost 10 months (since September 2015 till mid-June 2016). It has never been the case this time as we crashed to 4k just two months ago (March 12) from nearly today's highs

Further, after the 2016 halving came the Bitfinex hack in the first days of August, and Bitcoin crashed from over 700 dollars down to nearly 500 dollars. Okay, we can't totally rule out something like that happening once more but if Bitcoin is to fall so much, it will be more like BitMEX going after margin traders (and their money) all over again

coinfinger

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Just after the last halving on 2016, bitcoin faced a negative trend which lasted up to a month. And there will be no compulsory for repeating same kind of market situation around this halving as well. I mean correction may happen around this halving and may not. But, we can be very much sure about every dips must be very good buying opportunities. I read already miners have started hoarding for double the benefits in coming days rather than rushing toward cashing-out their mining rewards immediately like how they usually do.

I was expecting bitcoin to be sustaining around $10k levels when this halving will be happening but it seems we are going to have bitcoin price levels under $9k at the times of this halving. It means we already had a correction and which might be the bottom for the current market situations.

imstillthebest

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Quote from: hahay on May 10, 2020, 04:25:29 PM

Maybe some of us will be surprised by the correction that happened today because the price reduction occurred two days before halving bitcoin,

not surprising on my side but maybe to others because they expect the price will shoot up during halving times . price decline all the time so ive get used to it , better be like this so that it wont give me hard feelings for too much assumption for the price to get up .

Quote

but I'm still sure even though they were shocked but they will remain confident and be patient to keep holding on to it because correction before halving is common, so there is nothing to fear because the next pump will definitely happen.

shocking leads to panic selling too but to some maybe they can still handle the situation . most of us didnt knew too that there are correction before halving but thanks for the info , now i knew . so the next time when there are coins that will halved we can reduce our anxiety and maybe we can prepare a little bit in advance

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Quote from: Sadlife on May 11, 2020, 08:14:58 AM

It will have a small little breather before the halving then dumps to $8000-$7000 level this it is only an speculation but according to every Halving event Bitcoin always takes a move to the downside before having a massive move to the upside. Even in the Stock to flow model this is shown in detailed.
The question is will it repeat again, this is probably what most traders speculates.

We have seen the corrections already, but it seems that bull are fighting hard to get back the market into the $9k before the halving itself. I think the main concern here is what will be the price pre-halving and then we will speculate after it. Yes, the price will not go on a parabolic rise, history has shown that. We really need to go to a downside before a massive gain is to achieved. Just hours from know, we will see what this halving will bring to the whole crypto market, including alts. As we all know that bitcoin has a big impact to alt market as well.

Sadlife

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It will have a small little breather before the halving then dumps to $8000-$7000 level this it is only an speculation but according to every Halving event Bitcoin always takes a move to the downside before having a massive move to the upside. Even in the Stock to flow model this is shown in detailed.
The question is will it repeat again, this is probably what most traders speculates.

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Quote from: buwaytress on May 11, 2020, 03:31:34 AM

Quote from: deisik on May 10, 2020, 07:49:01 PM

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day

Suits me, I always say. I'm really not prepared (or shall I say, not well-endowed in BTC enough) for any kind of big move this whole year. I've already been forced to sell for economic reasons, so chipping away at savings. Dead cat's bounce though, didn't that use to mean the bounce before the final nail in coffin? Suppose these terms take on new meanings in crypto.

What's your end game for bitcoin? For crypto?

Y'know when you play the game of coins there is no middle ground, so I'm all in

The difference is likely that I'm on the fence most of the time, actually on both sides of it, the short side and the long side. This way, I'm fine as long as crypto doesn't kick the bucket, and thus going to enjoy the ride while it lasts (hopefully, it will be a never-ending game for me)

Quote from: buwaytress on May 11, 2020, 03:31:34 AM

Oh, definitely second to the not-so-eternal supreme leader.

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Quote from: deisik on May 10, 2020, 07:49:01 PM

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day

Suits me, I always say. I'm really not prepared (or shall I say, not well-endowed in BTC enough) for any kind of big move this whole year. I've already been forced to sell for economic reasons, so chipping away at savings. Dead cat's bounce though, didn't that use to mean the bounce before the final nail in coffin? Suppose these terms take on new meanings in crypto.

What's your end game for bitcoin? For crypto?

Quote from: deisik on May 10, 2020, 07:49:01 PM

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Oh, definitely second to the not-so-eternal supreme leader.

deisik

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Quote from: buwaytress on May 10, 2020, 02:01:46 PM

Ah right, I just opened the charts properly and saw the 8111 low. Lucky whomever bought that dip, as we're back at 8800 now, which made me think it was the 10% drop rather than the almost 20%

Sorry mate but we crashed again

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day

Quote from: buwaytress on May 10, 2020, 02:01:46 PM

Glass coffins? Disney did their best!

Vatican is second to none

Quote from: carter34 on May 10, 2020, 02:37:00 PM

We see in few days how it will move after halving

I can tell you how. It will move in both directions, and likely not just once

hahay

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Maybe some of us will be surprised by the correction that happened today because the price reduction occurred two days before halving bitcoin, but I'm still sure even though they were shocked but they will remain confident and be patient to keep holding on to it because correction before halving is common, so there is nothing to fear because the next pump will definitely happen.

carter34

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The volatility is coming down as you saw in 2017 too. Bitcoin today has been highly indecisive which is as the result of halving influencing price. The determination of price now to me is not in the hands of whales but the investors are trying to make a move of leaving or buying more. This is the fud and fomo interaction. We see in few days how it will move after halving.

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Quote from: deisik on May 10, 2020, 04:58:52 AM

Well, it looked more like a 20% correction

Regardless, things are going along the path that I had outlined more than 2 years ago. As Bitcoin's market supply is limited and will be even more limited after the halving, we should expect evermore insane levels of volatility coming. In fact, since the beginning of 2020 we have already witnessed the effect I described in that 2017 thread, though I didn't really anticipate it to reveal itself at these prices

Quote from: buwaytress on May 10, 2020, 04:43:32 AM

Crazy days, but we'll see crazier yet!

Will glass coffins be a success? Remains to be seen

Ah right, I just opened the charts properly and saw the 8111 low. Lucky whomever bought that dip, as we're back at 8800 now, which made me think it was the 10% drop rather than the almost 20%. But you're right, if anyone thought volatility was going away, they're wrong. Add in the extenuating economic circumstances and we're going to see more Black Thursdays and traders will be encouraged to go in and take advantage. More broken hearts.

Glass coffins? Disney did their best!

Topic: Correction in the next days? (Read 699 times)