Correction in the next days? - page 2.

rexxarofmoknathal

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Corrections begin and this is expected after we fail to stay above $10k maybe the hype for Halving is slowly fading away since 1 day left for the halving. We should not be complacent on the pump with bitcoin, learn from the past that it can easily dumped so stay with having a plan. Well, I still believe for the future pumps that the halving will bring to us, time will tell.

I think you're right there in saying not to be complacent about Bitcoin given its history, in fact it seems that the dump just before the halving is usually and what we should be looking forward is what happens after the halving since that's most important!

Hypnosis00

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Always to expect that as known to be a partner of pumps.
Just looking at the current market movement, $10k in previous days and now we are already at below $9k. The halving had nothing to do this thing, even we are too positive with halving event but somehow, we can't still be assured of Bullrun. And it possible it drops more as people are already in FOMOing.

deisik

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

Quote from: deisik on May 08, 2020, 02:39:34 PM

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

Yup. There we go, no 10% price dump and instead, a 10% bump and just 2 days to go to the halving. And then today another 10% dump to where we were 2 weeks ago. Pure psychology at work here, little much else, no knowledge or willingness to look at fundamentals just pure "it's getting scarcer!" buying

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!

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buwaytress

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Quote from: deisik on May 08, 2020, 02:39:34 PM

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?

The big price moves almost always happen against the expectations of the crowd

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

Yup. There we go, no 10% price dump and instead, a 10% bump and just 2 days to go to the halving. And then today another 10% dump to where we were 2 weeks ago. Pure psychology at work here, little much else, no knowledge or willingness to look at fundamentals just pure "it's getting scarcer!" buying.

Crazy days, but we'll see crazier yet!

Ifemini

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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?

Correction in the crypto currency market cannot be generalized
Different altcoins have different starting points and also they experience bull run at different pace. Hence the correction would come differently

It is up to you to understand your portfolio and follow the guidelines lf doing your research

carlisle1

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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?

The correction happened just after the dump and when the market recovers but we cannot be determined unless it happens.but about the 10% price drop?it already happens but yet we are not gettin what we wanted to be specially this halving.

Quote from: Subbir on May 08, 2020, 10:51:51 AM

As Fiat currency is stable there's no difference in its price. Stays fixed in one place But Bitcoin is volatile Its prices have risen and fallen It can decrease and increase when happy it's very difficult to mention whether it'll be corrected within the coming days and the way much it'll cost. Bitcoin's price is rising at a high price it's never possible to stay it forever and everybody sells it if they create a profit But i feel if Bitcoin is stable then it'll never be possible to urge such a lot take advantage of bitcoin investment it'll remain stable in one place like Fiat.

You come so far mate,OP is just asking about the correction and not in any aspects ,but yeah Bitcoin volatility hinders us all to find which will happens next and that is also the good thing about bitcoin as thrill is always there.

deisik

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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?

The big price moves almost always happen against the expectations of the crowd

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

whyrqa

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Quote from: Yamifoud on May 08, 2020, 10:23:59 AM

Quote from: whyrqa on May 04, 2020, 03:44:54 AM

Quote from: Yamifoud on May 02, 2020, 07:50:15 PM

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?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever. And maybe we are so thankful that way because that is the thing makes us more profitable.

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit. But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment. in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

Hoping for the market to stabilize and fully considered as a currency just like fiat money can do, is gonna be far from reality. Bitcoin is already existed for one decade but looking at the situation, people are still preferred to use fiat instead and volatility gets stronger. To know why it becomes more volatile compared before because of the trading market. The more it goes high the more it becomes a risk, and the more it becomes volatile.

I would very much like to using Bitcoin to stop the government’s monopoly on printing new money and creating inflation, because of which people's savings are depreciating. but since the volatility of bitcoin is only increasing, getting rid of such a concept as inflation will fail and it frustrates me.

Subbir

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As Fiat currency is stable there's no difference in its price. Stays fixed in one place But Bitcoin is volatile Its prices have risen and fallen It can decrease and increase when happy it's very difficult to mention whether it'll be corrected within the coming days and the way much it'll cost. Bitcoin's price is rising at a high price it's never possible to stay it forever and everybody sells it if they create a profit But i feel if Bitcoin is stable then it'll never be possible to urge such a lot take advantage of bitcoin investment it'll remain stable in one place like Fiat.

Yamifoud

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Quote from: whyrqa on May 04, 2020, 03:44:54 AM

Quote from: Yamifoud on May 02, 2020, 07:50:15 PM

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?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever. And maybe we are so thankful that way because that is the thing makes us more profitable.

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit. But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment. in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

Hoping for the market to stabilize and fully considered as a currency just like fiat money can do, is gonna be far from reality. Bitcoin is already existed for one decade but looking at the situation, people are still preferred to use fiat instead and volatility gets stronger. To know why it becomes more volatile compared before because of the trading market. The more it goes high the more it becomes a risk, and the more it becomes volatile.

jostorres

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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?

The way I see it, the price of bitcoin is recovering. Have you ever checked out how the price has been moving. Maybe the decrease you're talking about might be after the next halving has taken place, maybe the price might take a little fall back after the halving. We are not sure about that yet, but I have no plans to sell my coins yet, and not even a 10% decrease can cause me to sell my coins, even if that should happen I'm still going to keep on investing and holding.

A lot of experts have been predicting a bull run and we are not sure when that's going to be. I am happy on the performances of bitcoin markets so far after the corona outbreak. Like gold, bitcoin is also proved its worth being an alternate investment instrument to traditional investing opportunities.

XCANA

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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?

The correction was expected due to the fact that, the bitcoin halving wasn't in before the price skyrocketed, nothing left us yo know that the market will experience a good correction. The current correction is $8,900 and even sometimes hit the $9k which is a signal that, when the bitcoin halving get started the market will go along way positive in price. The dumping is not seen as many holders are still holding their stash up against the bullrun. For those who aren't yet ready to get into the mode of buying should do that before they will be left behind like OP.

Yamifoud

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Quote from: Utoy101 on May 05, 2020, 04:10:02 PM

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?

The hype of the halving is really huge and it's got everyone FOMOing and with my experience, when there is a huge fomo before any event in this space, the particular token in question hardly dump untill the event is over and i see similar thing for the bitcoin halving coming up in the next couples of days

I don't know a particular token you want to point out.
But anyway, the current market flows aren't special, we surpass $9k but we did get back again. We can't decline such FOMOing thing and it usually coming back when the market tends to move high. The absolute thing this that, people can't be of the same thinking. Some are optimistic enough to find moving the market high but some also are on the negative side pulling the market to dump. That is why you can't able to see the market move straight its either going up or down.

Utoy101

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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?

The hype of the halving is really huge and it's got everyone FOMOing and with my experience, when there is a huge fomo before any event in this space, the particular token in question hardly dump untill the event is over and i see similar thing for the bitcoin halving coming up in the next couples of days

timmmers

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I am still waiting for correction, atleast to 5000k level, if you check Bitmex, you will see that around this level there are the biggest orders, so whales probably awaiting next dump. But it could happen in summer or lately, when Bitcoin will not show enough power to break 10k resistance line.

thesmallgod

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People are still taking profit and the correction is still much possible. However, this might get more serious as halving is closing and very near. Bitcoin have been struggling to break the 9k mark and today it was 9k but drop again drastically below 8.8k

whyrqa

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Quote from: Yamifoud on May 02, 2020, 07:50:15 PM

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?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever. And maybe we are so thankful that way because that is the thing makes us more profitable.

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit. But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment. in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

Yamifoud

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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?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever. And maybe we are so thankful that way because that is the thing makes us more profitable.

Mahanton

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Quote from: dragon695 on May 02, 2020, 02:12:49 PM

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?

it can happen because the market is driven by money guys. If the long orders on margin trading are high, the sharks will sell and kill the Long and then it will cause the price of bitcoin to rise. In fact, the volume at margin exchanges like Bitmex, Bitfinex and Binance is huge and that's their main goal. The shark could earn millions in a few hours of such manipulation. So whatever happens in this market, we need a cool head to analyze.

Manipulation is always there neither we are on a traditional forex or here on crypto space.Those activities are happening but identifying or finding it out on earlier phase is impossible
thats why small traders like us do really know on how to ride with the waves that might cause it.We cant predict the movement but utilizing our positions to make gains.

Quote from: shollyen on May 02, 2020, 02:34:31 PM

Aside from halving, no one knows what is pumping the price of bitcoin, which means that there will be changes in price, i.e, fluctuations, which is what we are now seeing. bitcoin keeps going above and below $9,000. With the situation of things and seeing hoe imminent bitcoin halving is, the price of bitcoin at the moment cannot go below $8000 no matter how serious the correction is.

Market is always been unpredictable and fluctuations is always there.We cant see a market that do continuously rise which of course we would really have corrections
because theres always a point where selling off do happen. Correction is anticipated from time to time but its good to see that the current price is holding.

shollyen

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Aside from halving, no one knows what is pumping the price of bitcoin, which means that there will be changes in price, i.e, fluctuations, which is what we are now seeing. bitcoin keeps going above and below $9,000. With the situation of things and seeing hoe imminent bitcoin halving is, the price of bitcoin at the moment cannot go below $8000 no matter how serious the correction is.

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