correction or start of a bear market? - page 2.

Kasabus

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Quote from: ahoenk on November 21, 2021, 11:01:57 AM

I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.

It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022

Bearish season will mostly come after december so if it will still be the trend for this year, so there's no need to doubt either we are still in a correction or we are entering already the bear season.

For me, all i can say is that we are still in a correction at the moment so this is a good time to buy bitcoin and other good altcoins that have been dumping too so we can ride the bull run and enjoy the profits right after this. This correction even brings another opportunity to create a higher ATH for these solid coins as the price support will become stronger this time.

Botnake

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Quote from: Japinat on November 20, 2021, 04:41:55 PM

Obviously, it's just a correction as bitcoin is slowly recovering now, it dumped at $55k and now it's already trading at $59k, when it continues to $60k, then it's a good sign that it will stay at that level and will try to break again the walls for a new ATH.

The bear market has not come yet, sometimes we are just shocked or worried when we see a huge dump, but that's actually a normal thing since high volatility is still here.

Right. We are still in a correction phase, and anything could happen making bitcoin even dumps lower than $50k but after that, bitcoin will be seen recovering again. But for altcoins who have less potentials to survive, maybe they will no longer recover again. But the good thing about having a correction, it will create a strong support for bitcoin and other major altcoins to reach new ATH right after the correction is over. So we'll just wait for that so we can see new all time highs before 2021 ends.

ahoenk

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I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.

It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022

nitin8263

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I don't think that, Correction is the very important in every market because if correction will not happen in a market then market can be a crash hard any time so correction is very necessary to go market for next movement.

Japinat

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Obviously, it's just a correction as bitcoin is slowly recovering now, it dumped at $55k and now it's already trading at $59k, when it continues to $60k, then it's a good sign that it will stay at that level and will try to break again the walls for a new ATH.

The bear market has not come yet, sometimes we are just shocked or worried when we see a huge dump, but that's actually a normal thing since high volatility is still here.

freedomgo

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Quote from: sana54210 on November 20, 2021, 02:08:09 PM

Quote from: Jaered on November 17, 2021, 04:30:23 PM

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

It might be a correction only for bitcoin market and probably most of the altcoins might have started their bear trend by this time. Yeah, this is how altcoins will react against bitcoin's correction and bear market. It is like bitcoin enter into a temporary correction and altcoins will follow and then bitcoin will recover but most altcoins will fail to recover. That is because most of the altcoins are not having their own potential to follow the direction of bitcoin markets. It means such altcoins need their devs to pump but most devs get busy in another shitcoin.

This is the reason it is highly recommended to go for altcoin investments just for the reason of diversification; this way only less than 20% of total portfolio is suitable for altcoin or investments and the rest are obviously belong to bitcoin investment.

If you are afraid to take higher risk, then focus more on bitcoin and reserve small funds for altcoins. Besides, you are only going to lose if you start selling your coins at a low price.

I must say that we are only experiencing a correction and this should never reach to a point to be panic and then sell off. Probably, the market will be back to normal again and all of those strong coins will be bullish again, except for those who have no potentials, they might never recover their value anymore.

sana54210

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Quote from: Jaered on November 17, 2021, 04:30:23 PM

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

It might be a correction only for bitcoin market and probably most of the altcoins might have started their bear trend by this time. Yeah, this is how altcoins will react against bitcoin's correction and bear market. It is like bitcoin enter into a temporary correction and altcoins will follow and then bitcoin will recover but most altcoins will fail to recover. That is because most of the altcoins are not having their own potential to follow the direction of bitcoin markets. It means such altcoins need their devs to pump but most devs get busy in another shitcoin.

This is the reason it is highly recommended to go for altcoin investments just for the reason of diversification; this way only less than 20% of total portfolio is suitable for altcoin or investments and the rest are obviously belong to bitcoin investment.

Pahom

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After such a long and significant growth, there must be a correction as the market is really overheated. I don't know if it will be a protracted bear market or just a correction, but anyway I plan to sell off some altcoins and accumulate stable coins so as to buy out the bottom then.
I am not going to sell bitcoin and some other mainstream currencies, but I will enlarge my position in them.

WalkerIVIV

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Quote from: bastian466 on November 17, 2021, 12:03:11 PM

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point.

This correction honestly isn’t that big and also isn’t that impactful, so many traders are worrying about this correction because it’s broken the resistence at around 60000 but honestly it’s really nothing to sweat about because the market could easily recover from it. There are some new threads come and the creator of these threads were feeling worry about the current dump. I guess they never experienced the massive correction like this.
Even so many altcoins mainly the NFTs are not affected at all and even if they do, they recover in no time simply because there was panic sellers who caused the temporary correction and then many traders realize that the correction isn’t really that big of a deal and accumulate at the bottom after that because it’s sucha good opportunity to get some coins at discounted value, more like a flash discount tbh. Now it has been proven that it’s just simply a correction and it seems the bearish market will not coming until next year, when that will happen we don’t really know but surely a bullrun will definitely have an end to it so don’t expect it to last forever. The bad news was also helping to push the correction.

nikita2020

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Quote from: Jaered on November 17, 2021, 04:30:23 PM

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

I agree that this is correction. Now a lot of interesting and useful products appear like DEX, lending platforms, NFT minting and so on https://medium.com/@axltoken
It offers a lot of opportunities for earning money and makes financial servieces available to all the people.

2double0

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When markets are very bullish, there come news or chaotic statements that can create panic in the market. I think that the news have helped btc to settle at an important level from where nobody from both sides can decide the direction of btc.
Correction was about to happen considering btc's steady growth without retracing back at some points below, so I think we may see an under $50k btc soon before the next upper wave again.

South Park

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Quote from: Jackl87 on November 16, 2021, 06:29:21 AM

Quote from: No Pain No blood on November 16, 2021, 05:27:15 AM

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

The last few weeks saw an extremely positive development of prices in both bitcoin and also altcoins. After a period where the only way was upwards it is just normal, that a correction has to happen sooner or later and today it seems like the correction is happening. At the moment we are down around 8 or 9 % both on BTC and ETH which is quite a lot but still within the range that i would declare as normal, at least within the crypto space. I also think the best is to just stay calm and hold.

As you say it is too early to make any kind of call about where the market is headed, I understand that if a person has just entered the market during the last month or so then they could be worried about the current decrease in the price we are witnessing, but to me this is nothing to worry about, on the market of cryptocurrencies these kind of movements are normal and happen all the time to the point people like us have gotten used to them, still it is important to keep an eye on the markets to see if this trend reverses or if it accelerates.

btcltcdigger

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To boldly go where no rabbit has gone before...

I would say it's just a correction. But this is crypto, anything could happen.
Somehow i believe we have a few more good months ahead, but then again....

MadeMen

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I've personally decided to hold on to my Cryptos, irrespective of the market volatility. I agree that this period is a very important and impactful to the general view of the market, but I'll still stand on my decision to hold on. I'm of the opinion that we'll have more bullish trend after this present corrections. The bull run that is coming would see bitcoin and ethereum to a higher ATH.

doomloop

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Quote from: No Pain No blood on November 16, 2021, 05:27:15 AM

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

You know the rule that says that sometimes holding on does more damage than when you’re letting? Yes, that same thing do apply to cryptocurrency sometimes, because there are times that you’re not meant to keep holding. You should know when to continue holding and when the holding is doing more damage than good. At some point you need to take profit, and you can decide whether to continue or not.

Anyways, I don’t think that the market is really in a severe situation, because it’s already recovering already. This is not the first, the market has already gone below $60,000 after reaching the first ATH price that was above $60,000 price. But after sometime it still got back up and made it to another new ATH price. It’s possible that it would be maintaining this level until the year is over. No one is completely sure about that, so you have to be very careful.

shawon01

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Now I think that the price of bitcoin will go down for a while now, it will be seen again that it will go up for a while but it will not go down, maybe it will go down for two to three thousand, it will go down again, it will not go up twice that way. Very good

Quantum907

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Quote from: Jaered on November 17, 2021, 04:30:23 PM

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

Small corrections like this are common, but I'm optimistic that the market will skyrocket again soon, and glad that the price of ethereum and BNB didn't drop for too long and was only around 8% a week, I'm sure the market will continue to skyrocket and the biggest influencing factor will be ethereum which will soon pass $5000 this month.

michellee

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Quote from: nikola22 on November 17, 2021, 07:30:21 PM

Quote from: Jaered on November 17, 2021, 04:30:23 PM

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

10% down for BTC doesn't mean the start of bear market. earlier BTC had more significant pullbacks and some investors began to panic but then BTC recovered in several days.

But there is still a downtrend for the crypto market, making many new people think that it will continue. This correction makes people need to be careful to select the coin as many of them are dropped too following bitcoin price. Yes, bitcoin will recover sooner or later and the price will be back to the high price and who knows, this drop can help the price to lift to the high price. We should calm down for a while in this downtrend and still analyze just in case we have a chance to enter the market or only watch the market.

lienfaye

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Quote from: TopT3ns on November 17, 2021, 04:38:31 PM

Still correction almost two day and bitcoin keep down under $60,000, there are not any bad news like fud from China or United State but bitcoin price suddenly crash last two day from $65,000 become $58,000 last morning. When bitcoin suddenly dump almost altcoin crash more than 50% and need patient waiting for bitcoin recovery and altcoin back to higher price. Not any positive news to make bitcoin and altcoin faster take recovery to higher price.

Regardless of the reason on why bitcoin and alts had a correction lets not forget that its the nature of crypto and quite normal to see a correction. Thus we need to take advantage the situation for our own good, means a time to buy to those who are planning to have additional coins in their portfolio.

Anyway, I dont think we are heading to bear market now since we are in the 4th quarter. Before the year end is often the exciting part of the year for crypto especially for bitcoin. Although we had a minor dip, the price is somehow recovering and I think its not going to plunge further. $50k might be the lowest price we can see since many investors are also buying thats why the price is not consistently declining.

bastian466

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Quote from: nimogsm on November 17, 2021, 01:13:44 PM

Quote from: bastian466 on November 17, 2021, 12:03:11 PM

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point. I am ready to face the coming bear market because what I am holding has been safely released, because my target has been achieved

That's right, we need clear plans and goals, then corrections and falls will not be so terrible.It will not be possible to hope for eternal growth, because in one day the situation can change dramatically for the worse.I have already successfully sold many assets, those that were at high risk before the fall.And bitcoin will still show a good result)

Yes now just waiting for the right time to start over with a mature plan and a different target. Maybe people's views about the steps we take are too early to sell assets. This is my financial management has achieved the planned target. be careful playing when the price is in a peak position because it has a very high risk because if the bear season has arrived it will take a long time to look for bulls

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