Topic: Correction is coming - page 3. (Read 717 times)

Well, that's what I always tell to the people who are worrisome to price corrections, as If they're considering this move as a sign of long term bear similar in 2018.
Every time Bitcoin or an alt goes up, It would eventually go down at some point which was called a correction, If it becomes worse then you call it bearish market. But, base on the current market condition, I don't think we're heading to a bear market. We might be seeing Bitcoin lossing more than $10,000 from its last ATH, but it's gradually recovering rather than falling down below the $40,000 level.

that is a proper scientific explanation that bitcoin is going to collapse lol

Will have second correction for bitcoin price again after last week bitcoin dump? I think not surely have second time for bitcoin correction before all time high because always have the way when bitcoin raise higher price still get chance back to lower price. Now bitcoin have fantastic way to be higher price and still the moment for bitcoin back later with lower price.

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...

While it is normal that a certain market tends to have retrace and corrections are happening, it is still good to have a back up plan like converting hold coins into stable coins. Or sell first before it dumps and rebuy at the dip. This corrections actually gives us an opportunity to accumulate more coins.

It is not always bullish, bears are also waiting for the right moment to attack. Just like now.

The main reason for the panic comes because of the news, many people allow themselves to be influenced, perhaps now the news is beginning to bear fruit in the commercial decisions of many. If people knew that whales never take the news into account unless it is a fundamental they would not have so many losses on their investments.

If we are looking for 50% drop , meaning we are not done yet ? Bitcoin fell down from 58,000$ to 45,000$ that's almost 22%  so what you are trying to tell here is that Bitcoin price will go back to 20k level first ? at least 28-29k before the another breaking of ATH will come.

Any Hints about this news ? or just an lucky speculation because you come to give a good advice that same day because the price start to fall down to 55k from the time of posting of this thread.

Yes, it is. That is no surprise if we see the correction comes after it reaches the high price. But unfortunately, we don't know how deep the price will go down before, making many traders panic when the price is going lower than $50k. We see bitcoin price rise again and slowly reaching $50k, and I hope this week will be close by the increase of bitcoin price again. Perhaps, the price will go up and down from $50k-$40k and then back to $50k again. And possibly, that will happen many times. So we need to be careful from this month because we never know what will happen in the next month.

Many of the users would have noticed that a correction is ongoing at the stock market as well. And for Bitcoin, a correction was expected after the steep rally. Also, next month we can expect even more, as it is the last month of the financial year. A large number of users will be selling their BTC, for getting favorable tax calculations. I won't be surprised if the exchange rates go below $40K in March.

^^ That's the usual route for most of us, specially those who didn't hold or at least didn't buy bitcoin at a cheap price. They will call from major crashes > 50%. But we have seen that it is not the case. Bitcoin has been in this kind of movement, 20%-30% down and then bounce back with a new all time high.

And every month we have this kind of trend, just like what we have seen in the last week of January and then reach $57k, new all time high in February. So I'm expecting the pattern to continue in March and surpass another all time high of around $60k-$70k.

We are still very much in the bullish cycle, and we sometimes need this kind of healthy correction to move forward months after months leading to a 6 digit mark before the end of the year.

Lawl. Are you joking or trolling?

Selling your coins unnecessarily (e.g. because of the price) is one of the most foolish things you can do. This is even more true if the price has just dipped. This is a time to buy if possible. This isn't the stock market.

Correct downwards? We just had our correction downwards. I think the bottom is in. The price is almost certain to rise to new ATHs within weeks (or days) as the bull run continues. The real action should start some time around October, as it usually does. Maybe after that we'll see a massive correction, possibly back down as low as under 6 digits.

I doubt we'll see as deep a correction as in previous major bull runs. This time much of the price rise has been driven by institutional investment rather than retail gambling. Do you think the institutional investors have weak hands? Do you think they'll panic sell? It took them years of research before they made the decision to make long-term investments. It will take them years to decide to divest. They didn't buy for a short-term profit. They're investing in the long-tern future of a world-changing technology.

Did you already sell some of your coins? It sounds to me like you're suffering from wishful thinking, hoping to buy back at a lower price. Fat chance.

The corrections are normal, the Bitcoin market is moving naturally, many are scared and say that they sell, that it is going to fall, that they are going to lose everything, and no, if people are clear that the big ones have investment in Bitcoin, they do not They will allow it to fall as much, as they will protect your investment. Do not panic, the market if it goes down, you must wait, the volatility in bitcoin is a characteristic that only Bitcoin has.

We have seen some sample of correction but other people do say that it is already the start of the bear market which the market did prove it wrong and do shows on how
unpredictable it is via looking at on the current condition on where it did able to recover in no time and for those who did risk on buying cheaper coins did really able
to benefit with that.We cant really just see a market that do rise up forever and there would always be a correction because it cant be considered healthy if movements
arent really normal at all or shall we say intensive pumps and dumps where we shouldnt really need to experience.

It is certain that the market will have a correction in the future but it is hard to predict when that would happen and if you think you could predict exactly how the market moves then you might make a fortune predicting those as there are many billionaires who made their life predicting the stock market and you could be the next billionaire in the cryptocurrency market  .

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

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.

I think we might get more one ATH or two before we top and begin the next bear market. Funding has reset pretty much. Open interest is still high however I predict many of those are cash and carry trades. If you look at the average funding rates the last 2 times we bottomed and kept hitting new ATHs.

The MvRV z score is a good indicator and if it hits 10 then it’s time to sell however it might not happen until we hit something like $75-100K.

Micro strategy and Square buying at $51K is very bullish. I think low might be $43K to front run the people who want to buy at $42K.

Much better to hold if you already have Bitcoin inside your wallet, then if you still have spare money. Buying more is one of the best strategy each time correction is happening, you can split your money and keep chasing the dip before the bounce happen. It's a risky but very profitable strategy if you know what you're doing with your money.

Do't forget to do  your DYOR as always, it saves you a lot of possible messed. Volatile nature of crypto mostly leads weak holders to lose
their investment.

Jeezuz murphy Proudhon. What are you doing wandering around outside of the WO?

Don't you know that people out here are totally clueless about math and science?

It's been this way ever since in fact this is what people are waiting for and looking for, after they sold some of their shares they are waiting for the opportunity to buy it again at a much lower price so expect a lot of this question when the price is getting a pump, I only get afraid if there is a piece of bad news like the pandemic news, because there is a connection between the market and what's happening around the globe.

50%? there will be no further decline, I am sure that, we will go to $ 56K again and the altcoins will recover quickly,
yes after that it is possible that there will be a correction, but a small correction of 10% or 15% again, not 50%! ,
don't let you miss buying altcoins and bitcoins, because bitcoin is still very bullish and altcoin,
buy when the correction comes and hold until the end of the year!