Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
Topic: Correction is coming (Read 714 times)
If you've got so much understanding about bitcoin and cryptocurrency you've probably been selling and buying at optimum timing or you're just making assumptions. It's hard to take your words seriously.
How do you know if a correction will occur? it is true that the history in March was terrible for cryptocurrencies, because corrections always come this month, but we will never know whether a correction is coming or not, if you say a 50% correction came I really don't believe it, we are in the zone bullish therefore there is no need to worry.
true, I feel that the correction should have occurred at the beginning of the year and only briefly and again increase again. I do not believe the same as you that in March there will be a correction. This is precisely the time when bitcoin is in a stable state. This provides an opportunity for altcoins to move when last year lags behind bitcoin.to remember that this year's halving effect has not been felt from bitcoin so if there is a decline I don't really think about it. because I believe that the increase until the end of the year will occur because of the halving effect. so it is possible that the existing value must be very high.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
How do you know if a correction will occur? it is true that the history in March was terrible for cryptocurrencies, because corrections always come this month, but we will never know whether a correction is coming or not, if you say a 50% correction came I really don't believe it, we are in the zone bullish therefore there is no need to worry.There was already a correction, but it's nowhere near 50%.
And we are not over the correction in the last couple of days. We have jump to $50k again, so I would say that this March will end up just the rest of 2021, still in a bullish phase. So it's going to be a pity for those who listed to the suggestion of the OP to sell. And we all know by now what is the reason behind his FUD. Because for obvious reasons, he wanted to buy cheap bitcoin again.
Resistance though is at $52k, if we break this one, I would say smooth sailing for the next two weeks again and we might break the $60k-$70k price barrier.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
How do you know if a correction will occur? it is true that the history in March was terrible for cryptocurrencies, because corrections always come this month, but we will never know whether a correction is coming or not, if you say a 50% correction came I really don't believe it, we are in the zone bullish therefore there is no need to worry.There was already a correction, but it's nowhere near 50%.
And we are not over the correction in the last couple of days. We have jump to $50k again, so I would say that this March will end up just the rest of 2021, still in a bullish phase. So it's going to be a pity for those who listed to the suggestion of the OP to sell. And we all know by now what is the reason behind his FUD. Because for obvious reasons, he wanted to buy cheap bitcoin again.
Resistance though is at $52k, if we break this one, I would say smooth sailing for the next two weeks again and we might break the $60k-$70k price barrier.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
How do you know if a correction will occur? it is true that the history in March was terrible for cryptocurrencies, because corrections always come this month, but we will never know whether a correction is coming or not, if you say a 50% correction came I really don't believe it, we are in the zone bullish therefore there is no need to worry. 
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
By now we know it's not the best idea to sell all our coin just because of correction. It was a difficult thing to find the bottom and buy back especially for the top altcoins and bitcoin This time we may not see 30-35% correction like in the previous cycle for bitcoin and the dump may short live.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
By now we know it's not the best idea to sell all our coin just because of correction. It was a difficult thing to find the bottom and buy back especially for the top altcoins and bitcoin This time we may not see 30-35% correction like in the previous cycle for bitcoin and the dump may short live. 
We've had a good rise recently after prior negative trend, so I will lay out a case for the bears who remain ever hopeful.
Ok so we have a bit of a reversal here, I just heard a trader say a close on daily over 51k is quite bullish. That might be but I want to see the price over this upper band here at 52k, I wont say it has to be today but its possible we have some stall condition here and price action may need to prove otherwise. Another perspective is we are failing below a 12hr average which represents strong momentum to me, so I'm watching various measures but in simple terms have a look at 52.1k for a tide mark as to wider direction perhaps.
Also this is 1hr bars, left side of the chart we had 2 day MA rise above weekly MA which has been a bullish scenario previous. We may pull back to check lower prices and its a brief negative, not sure.
Ok so we have a bit of a reversal here, I just heard a trader say a close on daily over 51k is quite bullish. That might be but I want to see the price over this upper band here at 52k, I wont say it has to be today but its possible we have some stall condition here and price action may need to prove otherwise. Another perspective is we are failing below a 12hr average which represents strong momentum to me, so I'm watching various measures but in simple terms have a look at 52.1k for a tide mark as to wider direction perhaps.
Also this is 1hr bars, left side of the chart we had 2 day MA rise above weekly MA which has been a bullish scenario previous. We may pull back to check lower prices and its a brief negative, not sure.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
...looks like they going up 50% to me
There's no guarantee that each of those calls would really be on precise manner.If they do say that it would potentially dip -50% but currently we are seeing
+50% then theres no something that you should really be proud off. Anyone could make their own guesses and its just normal that mistakes will be there.
Correction is inevitable this is why we should really be careful and do make immediate actions to secure our profits while we still can.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
...looks like they going up 50% to me
I don't know while people always emphasising on not to keeping coin so long and keeping coins so long? while keeping coins at long period usually generate more profit than buying and selling of coins at instant, now using Bitcoin as a case study, people who purchased Bitcoin at initial stage which is in year 2009 and 2010 when the price of bitcoin was extremely affordable and hold till 2020 or 2010, do you know how much those people that kept their Bitcoin made by now, even though it's 1btc only, so calculate it the values of btc currently.
The reality is that some people do not want to handle all those things that come with crypto trading and all those stress and everything else, we rather just buy and hold and not care about things, I want to have certain amount of money to not care about any profit at all for a while, I want to be basically profiting over long period of time and that means I do not care about it today.Other people who keep trading care about it because they end up making a lot of changes and trades and so forth which is why I do not think that it suits me, we are talking about something much worse for me since I would have to care about it all the time. People who can care for that long could do it, people who can't care that long like me would just invest and that's it because that is simpler. It doesn't mean that one is right or the other is wrong, it is people's preference.
In my opinion, we don't need to sell the Bitcoin that we have today, because the price correction that is happening now doesn't seem to be going
down too deep. Because after a few days of being priced at $ 44k, now Bitcoin is starting to recover and going up to a price of $ 48k. This proves
that the correction that occurred is due to the volatile Bitcoin price movement, there will not be a massive dump in the near future. In fact I believe
Bitcoin will soon go back up to a price of $ 58k. So selling Bitcoin now is not a good idea, I would suggest holding Bitcoin for now.
down too deep. Because after a few days of being priced at $ 44k, now Bitcoin is starting to recover and going up to a price of $ 48k. This proves
that the correction that occurred is due to the volatile Bitcoin price movement, there will not be a massive dump in the near future. In fact I believe
Bitcoin will soon go back up to a price of $ 58k. So selling Bitcoin now is not a good idea, I would suggest holding Bitcoin for now.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
While you can be right what exactly is this based on. Gut feel, technical analysis? I dont see the point of starting an entire thread for this. And if you believe there is a huge correction coming dump off, I wouldn't go and tell anyone else to based on zero background.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult.
Never seen in my life that something has a correction of "at least 50%". I dont know what should happen in cryptocurrency community for price go down so much. I've heard lots of people mentioning support levels. For sure, they will save from such drop, but would they save from panic sale?
Luckily, it is hard to start a panic sale right now. Recently Must tweeted that bitcoins price is rather high, which was followed by instant price drop for few thousands, but right now everything is recovered. As Tesla invested in bitcoin when it price was above $40k, I dont think they and other market player will let price to go lower than this level, for a long time.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult. for example look at the latest dump. the price as soon as it touched the support that is at $43,000 immediately increased up to the resistance that is at $50,000. this shows that it has a strong demand in the $43,000 zone and also has a strong selling pressure in the $50,000 zone upwards.
My opinion:
we will see the price fluctuate between $43000 to $58000 for many months, but we will no longer see the price below $29000
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
Is this some attempt to create FUD while waiting for a good entry point?
Then, you should've supported this statement with analysis as to why you end up with that figure, with that you could've at least have a higher chance for people to believe you.
Don't get me wrong, I know corrections are always lurking around whenever Bitcoin had a bullrun, but 50% is way too much base on the current Bitcoin condition.
Bitcoin have corrected many times when it continuously hitting new heights, but then again 50% is way too much.
Stop-loss is only for the short term, you can say no more than 1 day so it can be used, but winning for the long term why is it necessary? Shouldn't we wait a little longer for the price to recover? Only a little correction happens a lot of this panic is making the market a little bumpy so I would still believe in the handle seeing the market continue to recover several times after experiencing a correction as well.
Ignore the rest of the news and we can look at some good references to keep cool with our holding.
I believe that stop loss is not a thing for long term investors anyway, it is something for traders and for traders it works like a perfect charm. Why? Because if your aim is to make money for a quick period of time, like maybe 10-30 minutes (as much as few hours but needs to be on the same day) you could definitely use stop loss and make a lot of money if you use stop-loss and not lose too much, because if you do not lose too much and earn normally (there is no cap on earning like stop loss) you could lose 1% but gain 5% so you will be in profit unless you face too many stop loss in a row.Ignore the rest of the news and we can look at some good references to keep cool with our holding.
Whereas if you are a long term investor, like let's say I am in it for a decade, my aim is to retire at 2030 with all the money I made from crypto, in that case I do not care about stop loss, why? Because I am not losing anything as long as I do not sell it neither.
I don't know while people always emphasising on not to keeping coin so long and keeping coins so long? while keeping coins at long period usually generate more profit than buying and selling of coins at instant, now using Bitcoin as a case study, people who purchased Bitcoin at initial stage which is in year 2009 and 2010 when the price of bitcoin was extremely affordable and hold till 2020 or 2010, do you know how much those people that kept their Bitcoin made by now, even though it's 1btc only, so calculate it the values of btc currently.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh moneyVery easy to say then to execute, if actually you're doing what you wrote then keep it up as you'll be among the very few celebrates in the future celebrating the new highs while those that sold would be regretting. If you observe the industry closely you'll notice something new which are the institutional money investors pouring in more funds at every dip.
They know something that we don't and that has to revolves around positive development towards the currency. The only way you can play it safe is by following their strategy, buy more when the market dips and there's nothing wrong in securing profit when the opportunity presents itself as the market will always find a way to offer opportunity for rebuying.
already on the actual situation then this is where story starts to change where hesitance and doubts can really be felt in the time you dont know on whats going in specially in price dips or dumps.
Correction is always next on line and you will really generate lots of thoughts that if its the right time to buy or you should wait a little bit more to utilize the possible best entry point.
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh moneyCorrection might cause a market crash like we witnessed before but there's always a good news and that is when the market will start to recover.
Different situation will be witness for long term holders, but what is very important is the goal to sell as no one holds forever.
However, bitcoin prices keep resists when at below $45k in the market and I guess many investors trying to grab the opportunity of investing in bitcoin while it cheap in the market compared to a couple of weeks passed.
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