Correction is coming - page 2. | Bitcointalksearch.org

CryptopreneurBrainboss

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Quote from: arufox on February 28, 2021, 04:05:25 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

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 money

Very 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.

Furious 7

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Quote from: Ziskinberg on March 01, 2021, 06:23:00 AM

Quote from: arufox on February 28, 2021, 04:05:25 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

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 money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction 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.

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.

Ziskinberg

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Quote from: arufox on February 28, 2021, 04:05:25 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

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 money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction 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.

arufox

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Quote from: K21000 on February 23, 2021, 01:14:38 PM

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 money

STT

legendary

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For the moment the correction could be over, medium term is a different argument but Bitcoin can move alot in smaller time frames so its not something most will ignore.

Pushing past something of a regular down trend and also 12hr average which can be a fair show of positive momentum. Watch 44200 to hold on 4hr bars for whether this was a qualified area to rise from or failed as we enter the main trading week.

fadhilz123

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Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

What you mean a few months?? Do you mean this correction will happen for over a month?? I'm not sure about that, You should put your analysis or your thread just be FUD

I will say that in March we will recover slowly. The reason is simply that a lot of whales still hold their Bitcoin

Stalker22

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Quote from: Dave1 on February 27, 2021, 04:16:52 PM

It's pretty obvious by now that this is just a troll post, yes, bitcoin did goes down, but it's nowhere the 50% that the OP is projecting, just his supposedly "expert" opinion that majority of us contradict because it doesn't carry any weight as far as argument is concern.

On the contrary, bitcoin can recover from a correction as high as 50%, so 20% correction now, but the rebound almost doubled it, proving bitcoin's resiliency.

Exactly. Even after a major correction, I'm still bullish. The market is far from peaking. Even when the bubble bursts, many people will take profits and the crypto market will start to settle down.

@OP, This is a good sign for the bitcoin price, and you should go long before that. I know you don't want to risk your money, and I respect that, but this is a great opportunity to build a powerful position.

Dave1

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Quote from: Becky666 on February 27, 2021, 03:43:13 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Thanks for the information but where can i see the raw-infor or what principle rules adopted for this 50% downtrend of bitcoin?. Sometimes i believe people who speaks their mind, we saw what happened in few months ago and the rate at which the bitcoin market moved was so amazing that many insinuated that there will be a correction coming and here we are with the correction which is rightly needed at this junction.

It's pretty obvious by now that this is just a troll post, yes, bitcoin did goes down, but it's nowhere the 50% that the OP is projecting, just his supposedly "expert" opinion that majority of us contradict because it doesn't carry any weight as far as argument is concern.

On the contrary, bitcoin can recover from a correction as high as 50%, so 20% correction now, but the rebound almost doubled it, proving bitcoin's resiliency.

LUCKMCFLY

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Quote from: JohnBitCo on February 27, 2021, 07:25:26 AM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

If we sell our bitcoins, do you know who will buy them ? The whales and institutions are ready to buy all our bitcoins. And later we will have to buy back them more expensive. The best thing to do in the correction period is to stop looking at the portfolio and wait for the correction to be over. Remember never sell and short in a bull market.

This is exactly what they want you to do, sell ahroite for reasons of panic and be able to remove Bitcoins cheaper, these are market traps, totally valid, in addition to the news that is out there that is very bad that indicates that the bitcoin is like a meme, that is said by the main news networks worldwide, in fact, the price may fall a little more to seek that many continue to sell out of fear.

Becky666

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Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Thanks for the information but where can i see the raw-infor or what principle rules adopted for this 50% downtrend of bitcoin?. Sometimes i believe people who speaks their mind, we saw what happened in few months ago and the rate at which the bitcoin market moved was so amazing that many insinuated that there will be a correction coming and here we are with the correction which is rightly needed at this junction.

bitgolden

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Quote from: rodskee on February 26, 2021, 08:11:57 PM

Quote from: Ziskinberg on February 24, 2021, 06:28:10 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

At last, we are now started to panic after seeing the declining trend. And I expect more thread talking like this.

In which will favor us waiting , I have been looking for this trend month ago after taking out half of my funds.
Now that the downtrend comes it feels like a success to my part.

You might feel yourself lucky right now that it is dropped, but you are lucky for now, you have to find a situation where you end up getting back in at the right time as well or you will be in a big trouble. I am not out, I got in under 10k and I am not going to end up selling anytime soon neither I am going to keep investing into crypto more and more as well, the more it drops the more I will buy and the more it increases the more I will buy as well, I am not going to stop buying, why? Because I am doing fine right now and I am not feeling like I am going to change that any time soon neither.

You are not going to be in trouble as long as it doesn't go up, but as soon as you see bitcoin at 60k+ that means you sold too early and while people who bought from you will start to make profit as well. That is why you should be making sure that you get in at the right price.

JohnBitCo

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Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

If we sell our bitcoins, do you know who will buy them ? The whales and institutions are ready to buy all our bitcoins. And later we will have to buy back them more expensive. The best thing to do in the correction period is to stop looking at the portfolio and wait for the correction to be over. Remember never sell and short in a bull market.

Reatim

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Quote from: darewaller on February 27, 2021, 12:34:01 AM

Quote from: bakasabo on February 25, 2021, 04:41:26 AM

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

There is no change in the direction you could be relax about that part. It is definitely correction because it is not going under 45k price that easily, and even if it does, up until 28k or so we are still in an easily recoverable phase, because it took us only like 10 days to go 50k+ from those levels, so it would once again take only 10 days to go back so it can't be considered a problem or a change in direction when it is only that small part away.

The lowest recorded price this week is 44,000$ meaning yes it fell down bellow 45k
But coming down to 28k (like what happen last january ) seems like not going to happen now.
The strong hold at 44-45k is indeed enough for assuring us about the health of the Bitcoin support.

Quote

We could literally break a new all time high with a week of bull run, if tesla or apple or someone else declares that they are going to make another huge investment into bitcoin or their first one ever, the price could be 60k+ in under a week. So do not lose hope, sure there have been some red days in the past few days, but we also had green days for months now, nearly half a year, so we should feel fine about it just yet.

We already have enough investors now , the only problem is that those who wants to manipulate the market are not having fun of the situation as they cannot bag more money like what they did last 2017-2018 .

darewaller

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Quote from: bakasabo on February 25, 2021, 04:41:26 AM

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

There is no change in the direction you could be relax about that part. It is definitely correction because it is not going under 45k price that easily, and even if it does, up until 28k or so we are still in an easily recoverable phase, because it took us only like 10 days to go 50k+ from those levels, so it would once again take only 10 days to go back so it can't be considered a problem or a change in direction when it is only that small part away.

We could literally break a new all time high with a week of bull run, if tesla or apple or someone else declares that they are going to make another huge investment into bitcoin or their first one ever, the price could be 60k+ in under a week. So do not lose hope, sure there have been some red days in the past few days, but we also had green days for months now, nearly half a year, so we should feel fine about it just yet.

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Quote from: Ziskinberg on February 24, 2021, 06:28:10 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

At last, we are now started to panic after seeing the declining trend. And I expect more thread talking like this.

In which will favor us waiting , I have been looking for this trend month ago after taking out half of my funds.
Now that the downtrend comes it feels like a success to my part.

Quote

Anyways,
The dumps are inevitable and we can expect that. But what will happen when people are started to do panic selling, the more it drives the dumping sentiment faster. Well, I don't know if these people had to know what they are doing or they just want to catch the price before it falls hard.

Currently, at $49k and we are still in the bullish market.

It is normal for the panicking to happen because there are still rumors that Market will dump again down to 20k so each time they find a 5% dumping automatically they are reacting as if they are losing too much.

STT

legendary

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Seems correction underway is already a reasonable premise. We have a regular set of decline in daily bars though there is an element of rally every day its not rising as previously in character. I think pullback to a lower price is a fair conclusion for the moment.

Last four days share a similar kind of support area so I always think its best to watch the trend most accurately through the lowest prices rather then peaks. A bearish target for downside action would be about 40k and also near to 50 day average, that could be a good place to watch for a finale to negative action in this present phase.

Yamifoud

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Quote from: ?? on ??

It sounds like a newbie saying or someone who tries spreading FUDs. I don't know what you are thinking about, but you just tell people about negative issues to happen in Bitcoin without any proof. Look, people already know well about how the Bitcoin price to go. And much good news appeared currently, so why we must be panic?

Well, that he obviously in a panic after seeing his portfolio. The dump is actually unpredictable and all weak hands will badly worried about their losses if they never sell it.
OP is not spreading FUD's here but is just showing his feeling being a panic seller and that he gives some insight to other people who have the same faith. We can't be all in positive looks, the market will dump sooner or later, and we can stop it from coming even though we don't like it.

Shasha80

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I see the correction that is happening in Bitcoin right now is not something to worry about, we know Bitcoin is very volatile. Because the price of
Bitcoin can go up suddenly, such as when it quickly reaches a price of $ 58k. And Bitcoin can also suddenly go down like it is today. So this is
a normal thing to happen, no need to panic and no need to sell the Bitcoin that we have. Because I am optimistic that this is only a temporary
correction, so my advice is to stay calm and still hold the Bitcoin that we have.

El duderino_

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Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Good to have another "EXPERT"

You have written your 2cents of BS, now please leave and save some FIAT in your accounts to rely on.

Ridwan Fauzi

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Quote from: Tstar on February 23, 2021, 06:30:35 PM

Quote from: K21000 on February 23, 2021, 01:14:38 PM

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Corrections are inevitable, but there is nothing scary if you are here for the long game.

If you are right, I and I guess many other people will be able to buy again at lower prices. So again, nothing to be scared off

That is true, especially for those who have intention for long term investment. You still have a comfortable feel if you are long term investor. You can compare, how many days bitcoin price and bitcoin price up in a few months before?

Seem like it just now bitcoin start to fall, also you can see the chart movement. Yeah, technical analyst is another way that you have to consider before you make a decision or judge the market movement. In higher time frame bitcoin still in the bullish market, take a look with the candle that will be formed in monthly candle, I guess there still a chance for its price going up again.

Topic: Correction is coming - page 2. (Read 714 times)