Cryptocurrency market to suffer from strong correction - page 8.

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Quote from: Smarty14392 on June 20, 2018, 07:11:34 AM

Quote from: Sengoko on June 19, 2018, 04:51:04 AM

Quote from: TheWhiteCompany on June 11, 2018, 03:10:49 PM

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

Yeah you are right in these days the price is under huge corrections and I think the reason is that the first big pump was unnatural and the prices reached to $20k in just a few months, but then down fall starts and the price came to its original position. It has been corrected and now the price is according to the market cap and there are no more huge pumps and dumps in the price.

Those corrections are really important as it makes the price high and low but we are there to buy at low and sell high. So if the price will remain the same so we will not earn good profit, these are the only ways to get profit, I am sure bitcoin will get high at the level of huge amount, recently the price has been rising so we are going to take this as an advantage to selling high, so let it be more better and safe for us,.

Smarty14392

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Quote from: Sengoko on June 19, 2018, 04:51:04 AM

Quote from: TheWhiteCompany on June 11, 2018, 03:10:49 PM

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

Yeah you are right in these days the price is under huge corrections and I think the reason is that the first big pump was unnatural and the prices reached to $20k in just a few months, but then down fall starts and the price came to its original position. It has been corrected and now the price is according to the market cap and there are no more huge pumps and dumps in the price.

SirLancelot

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Quote from: joyclicks on May 17, 2018, 05:25:56 AM

Quote from: jvdp on May 12, 2018, 09:01:07 PM

Quote from: BillCoin on May 12, 2018, 07:07:36 AM

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

Still we have positive news also back to this. I do not why we see the bitcoin price started falling for single bad news and why not we missed to see the bump whenever we see positive adoption.
Newbie investors really does not what is happening in the market and selling it with panicking.
To say exactly we lost around 750 USD and more mate.

I think the reason for such huge dump in the price was because the huge bump was unnatural. I don’t know the reason but it was not according to the market cap. People were happy when the price reached to $20k in just few months. But then corrections started and the price dropped to $6k again. That was the natural price. I think there is nothing to worry about the price.

What is the natural price that you are even talking about bro? It is a market, there is no natural price and it is a highly volatile one. Sure, the huge correction from $19800 was expected and there we already had it to a bit lower than $6k with us not still knowing if the correction is fully over or not, but at least we are still trading outside of the major downtrend presently.

Whatever it is though, the future cannot be predicted and expecting a huge crash like the OP is specifying or a bull run immediately is something that makes no sense.

xIIImaL

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Quote from: Sengoko on June 19, 2018, 04:51:04 AM

Quote from: TheWhiteCompany on June 11, 2018, 03:10:49 PM

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

Who said to you bitcoin will not increase for some months I hope you have wrong understanding about the marketplace value mate. If you want to invest on any coin do that right now. I am damn sure you will be feel in couple weeks mate.
I strongly believe that bitcoin will be do its ramp walk again in the price history. I really expecting the market trend to reach the 10k USD in this month itself and after some months we will be find the good price again.

thanhhm194

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This is a good price point of all copper coin.

sana54210

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Quote from: Findingnemo on May 16, 2018, 02:15:19 PM

Quote from: Bestpromoter on May 16, 2018, 02:03:05 PM

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

If the price of the bitcoin is very low then the investors needs to hold on that is the way to make the value increasing so make a little patience and wait sometimes then it will be normal soon.

Not just hold, seeing a strong correction right now, will just make me to buy more and the lower it gets, the more I buy as long as there is nothing that is fundamentally driving it down that one needs to be worried about.

This is just the same thing I always do when the value just keeps going up without any real usefulness or demand, except greed. There is a lot of potential in the future and only those who know what they are in for will always be the ones there to get the best at the end.

Sengoko

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Quote from: TheWhiteCompany on June 11, 2018, 03:10:49 PM

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

TheGreatPython

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Quote from: TheWhiteCompany on June 11, 2018, 03:26:43 PM

Quote from: bitbunnny on June 11, 2018, 02:40:20 PM

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

And I often wonder if it is a chicken to an egg situation... any thoughts?

Bitcoin has already corrected and the price is now in normal situation. People thank that bitcoin is not increasing but I think that they are addicted of big pump in the price like the previous one and now they want growth every time. I feel nothing when the price collapsed from $20k to $6k because I knew that this growth was a bubble and when this bubble blown in the air the price will fall to its original position.

hastang

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this thread is happening now, market is really down... in the past weeks my investment was loss over 60% in capital.. i hope correction will stop and all coin will now grow - up.. there are so many people now panicking because of the downturn of almost all coin but they say thus is just a normal situation and the market will recover soon.
i hope in the coming months as we enter the midyear there will be more investor to come-in specially in the last quarter of the year which expected to double or triple the prrice of all coin.

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Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

We have been in the middle of a correction for a very long time however I do not believe this will happen, I really think we already saw the worst part of the crash, the price may go even lower but not by much, however I agree that in the future most of the existing coins will disappear and only a few will remain but those that remain will become incredibly valuable.

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Quote from: Hannahanto on June 11, 2018, 10:26:58 AM

Sure cryptocurrency market to suffer from strong correction. Already there are so many corrections done. But still the market cannot recover, again the price goes very low. All are expecting june starts the price will increase, but oppositely the price goes down. Dont know when the market will recover again. Maybe this is the last dump in this year. Again strong correction is going on bitcoin price. Sure the price will increase in future and change the revolution in bitcoin price.

The rise and fall in the market value of different crypto coins is something which will remain there and that no one out of us can finish it off completely. It is because of the volatile nature of the crypto coins and that because of which, the market price of the coins keeps on changing. The only thing which we as an investor need to do is that we must be sure that we are making the right choice at such times.

TheWhiteCompany

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Quote from: bitbunnny on June 11, 2018, 02:40:20 PM

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

And I often wonder if it is a chicken to an egg situation... any thoughts?

TheWhiteCompany

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"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

TheWhiteCompany

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Vis a Vis your earlier comments, what are you feelings now that the 7th of May has come and gone and what trends do you happen to see coming out of what is happening now?

bitbunnny

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This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

gr3y

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Agree with above^^^ Don't believe the HYPE.

Mahanton

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Quote from: Golftech on June 10, 2018, 03:47:50 PM

Quote from: SergeyGvo on June 08, 2018, 07:39:25 AM

Quote from: carter34 on May 04, 2018, 09:57:36 AM

I do not believe there is a deep correction within the 12 months. The deep that cryptocurrency went through just recently that lasted about 4 months has taken its bit on the market and for me, I'm not expecting any for now till like 5 years if it can come that close.

It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market. My advice to you

buy and hold, that's the best way to do when you are inside this market, red days should be an opportunity instead of selling out to panic, better to invest more and hold, time will let this correction to finish after that good sign of bounce back will happen, traders who have a lots of experience look at it as a good edge to keep buying and wait for the good time to sell with decent profits that they will gain, better to be more familiarized with this market and be confident enough to wait for it to be finished.

If youve been here for a while then for sure you are already familiarized on how market moves which is definitely different from traditional trading firms like forex and stocks but for those who just recently jumped in then rest assured they would really feel the anxiety and the doubts on what they are into or do involved themselves to this volatile market. Price correction are normal but as an investor you cant do anything about it but to utilize any movement to make profits from it. I dont really believe easily on any speculations though.

shanyuan01

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definitely sounds like FUD but we will see!

Hannahanto

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Sure cryptocurrency market to suffer from strong correction. Already there are so many corrections done. But still the market cannot recover, again the price goes very low. All are expecting june starts the price will increase, but oppositely the price goes down. Dont know when the market will recover again. Maybe this is the last dump in this year. Again strong correction is going on bitcoin price. Sure the price will increase in future and change the revolution in bitcoin price.

jonland22

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Quote from: senne on June 10, 2018, 06:49:37 PM

Cryptocurrency has already a strong strong correction by coming down from 20k USD to nearly 7-8k USD. I know bitcoin is currently near $6,700 but this is just a short phase and market will regain its value easily in the coming days. Bitcoin tends to remain stable near 7-8k USD after every crash, hence people can invest if Bitcoin falls below this point as they easily attain 10-12% profit when Bitcoin falls below the correction value mark.

I hope you are right or else we are doomed Cry

just kidding Cheesy

I believe this is a normal cycle for a bearish market, actually right now is an easy profit, buying right now and wait for a few weeks the market will become greenish again. This is happening in the past few months, i wonder why people are still not resistant to it Cheesy

Topic: Cryptocurrency market to suffer from strong correction - page 8. (Read 2125 times)