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Topic: Cryptocurrency market to suffer from strong correction - page 9. (Read 2125 times)

hero member
Activity: 1078
Merit: 507
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. 
hero member
Activity: 2128
Merit: 520
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 Smiley
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.
newbie
Activity: 168
Merit: 0
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
Enough!!!already tired of listening to it!!Every year,year after year, all buried.Guys hamsters are buried,the ones that are from the rumors poured in the negative and run away.Don't be!Think with your head, analyze past years, look at the statistics you will be surprised))
full member
Activity: 868
Merit: 116
Honestly, this is a pessimistic information from the OP. Plus, the media always manipulating the users of crypto through some fake or false information, predictions..., and unfortunately, many are easily fooled through this information, that's why they always lose a large proportion of their money in trading.
Rule number 1: Do not believe the information of the media.

In addition to that, I do not expect that Bitcoin and other cryptocurrencies will disappear or collapse after some period and even a few years, despite within the previous months until now, there were always many crises in the market and the price of Bitcoin in a total decline. Plus, I think that the era of crytpo will develop in a better way in the near future, and I am pretty sure that the problems which led to this big drop will be resolved soon. We must be patient guys.
member
Activity: 294
Merit: 23
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 Smiley
sr. member
Activity: 826
Merit: 263
Another fake negative news for bitcoin's depreciation. You are not surprised at anything and do not believe an...)

I would like to say another shit spam from your post history bro. Even here to make money but you will be sure about the post is really helpful to someone of not. That is the way we need to avoid the spamming bro.

If you want to check about the bitcoin price amount you will be able to find the many crypto analysis so there you can check it or if you want to confirm the news related information you could check the press section here.
newbie
Activity: 196
Merit: 0
Another fake negative news for bitcoin's depreciation. You are not surprised at anything and do not believe an...)
full member
Activity: 1302
Merit: 129
Vaccinized.. immunity level is full.
This is just a fake news. I urge everyone not to take notice of such news. No one in this world has the capacity to predict how the market will behave in next few days or months. I remember when BTC was 19000 in Dec 2017, there were strong voices that btc will cross one hundred thousand in 2018.
legendary
Activity: 2674
Merit: 1048
Its just predictions and no one knows if this were going to happen or not and for me it seems unlikely. The market is way better now compared to the previous years, we may experience price declining but its only temporary.

Nevertheless, I dont mind the present situation of the market or for the next 12 months, im a long term hodler and will only sell my coins if they reach my target price.
And now you are talking about predictions too, comparing bitcoin prices with the past year always creates a dilemma, because every year there will always be new problems that cause bitcoin prices to decline. Bitcoin prices will continue, and speculation is just a fresh breeze that will provide cold when it's heat and it gives off heat when it's cold.
hero member
Activity: 3024
Merit: 629
Its just predictions and no one knows if this were going to happen or not and for me it seems unlikely. The market is way better now compared to the previous years, we may experience price declining but its only temporary.

Nevertheless, I dont mind the present situation of the market or for the next 12 months, im a long term hodler and will only sell my coins if they reach my target price.
jr. member
Activity: 92
Merit: 7
This is just a FUD alert.

This is nothing new and has hidden agenda like those news last year same as Jamie Dimon's claim of bitcoin being a fraud.

It's obvious that banks are suffering with crypto's now so they are trying to pull it down by making these misleading articles.
It really looks like a fud.
If u dont know what is fud, check this topic https://bitcointalksearch.org/topic/m.36767085
full member
Activity: 308
Merit: 101
Strong correction I believe is an overrated term. Yes there would be correction which would likely drop the price beyond what we are having currently but a strong one would mean a crash in price which is way out of line at this time. Analysts would say things for them to cotinue to be in the news. Only if there is a way to punish people if there predictions fail to hempen after a specific period of time, it would have reduce all of this not so thoughtful predictions.
There are so many things related to that of the crypto currencies which are not the way they should be and that most of the things still need to be dealt with care so that they may be then more beneficial for the ones who are investing their money into the crypto currencies or are related to it one way or the other. This will surely take lot of time and that this will not happen this soon.
legendary
Activity: 1176
Merit: 1024
Strong correction I believe is an overrated term. Yes there would be correction which would likely drop the price beyond what we are having currently but a strong one would mean a crash in price which is way out of line at this time. Analysts would say things for them to cotinue to be in the news. Only if there is a way to punish people if there predictions fail to hempen after a specific period of time, it would have reduce all of this not so thoughtful predictions.
We are even already in a correction at the moment but which looks like a more complex correction as it is. However, anyone who is coming up with a stronger correction is just more like an alarmist to me as there is no reason whatsoever for anyone to be expecting such a huge correction as it is right now with no fundamentals tending towards that way and in fact, the sentiment with regulations is not even tallying with the response in the market presently that much.
legendary
Activity: 2674
Merit: 1226
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Strong correction I believe is an overrated term. Yes there would be correction which would likely drop the price beyond what we are having currently but a strong one would mean a crash in price which is way out of line at this time. Analysts would say things for them to cotinue to be in the news. Only if there is a way to punish people if there predictions fail to hempen after a specific period of time, it would have reduce all of this not so thoughtful predictions.

Every term is milked for its worth these days. Corrections are strong corrections. Rises are called massive, dips are called crashes. It's all accurate perhaps but only relative to conventional markets. These are actually very normal in BTC's volatile history, as much as normal can be applied as a term. No need to punish people, otherwise there's a need to reward correct predictions!
hero member
Activity: 910
Merit: 505
It is nothing more than fud by some author,now adays author are thinking themself expert in crypto trading and using some technical skills and they are drawing base less prediction.unless whales decided to dump the price no one can shift this much change but yes correction are needed to suit technical analysis .
newbie
Activity: 154
Merit: 0
Cryptocurrency itself is a term for virtual currency that uses encryption to verify every remittance unit among users, as well as manage the release of new currency units. This virtual currency operates independently without central bank intervention.

Besides Bitcoin, there are actually many cryptocurrencies circulating around the world. In November 2017, there were over 1,300 cryptocurrencies recorded.

we try to summarize some of them, which is also the most valuable virtual currency (market capitalization) today.

Cryptocurrency is circulating with a very unique standard. If that strong correction of cryptocurrency market needs to be done for the betterment and improving it then I think we to survive just to come up with a good and more profitable investment with cryptocurrencies.
sr. member
Activity: 476
Merit: 259
I think the same, and because I read this article, but because bitcoin has been going up really high and recently the hype level( we can even see that from researching the amount of people  that searched for bitcoin/crypto at different points of times), I can predict that price keeping with the negative trend towards the correction area.

Personally,I am a long term holder so I don't really afraid from short-term price movements, I believe that bitcoin will be worth much more then it is now in the very-far future.
full member
Activity: 462
Merit: 100
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

90%? more like 1000% FUD detected. This is another outrageous attempt to crash crypto and it felt like this is going on for a thousand times or more than that. Crypto will moon and it's going to be more epic this time.
Huge corrections for huge faults. $20k was a huge fault and then huge correction. Now bitcoin is on the right track. There is no huge dump and bump. There are small corrections in the price but there is nothing serious about it. It is normal. The price will increase gradually with the passage of time and corrections will also be there with price without any panic.
legendary
Activity: 3080
Merit: 1353
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.
I even wonder why sometimes we pay much attention to things like this. Market generally is volatile and there is absolutely nothing anyone can tell me about the future now that I will believe either in the bear or the bull perspective.

Yeah, I believe in the potential of bitcoin in the long run to give a sweet value based on real life adoption and usage, but assuming a strong correction like the OP said, or just assuming a huge price for the future, is just what has turned this market into a purely speculative market and that is not helping.

I can feel you mate. LOL. I don't know where does this "hate" towards bitcoin comes from. Its like they don't want bitcoin to go to the next levels but pushing their predictions that bitcoin will go down. I just shake my head, not that they are correct, but the fact that they have zero clue as to what they are talking about. Strong correction already happen, as the price is below 5 digit marks but it doesn't mean that it will go down further as what the OP is predicting. The market goes on correction and followed by recovery, it cyclical and that's how it worked.
hero member
Activity: 840
Merit: 502
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

90%? more like 1000% FUD detected. This is another outrageous attempt to crash crypto and it felt like this is going on for a thousand times or more than that. Crypto will moon and it's going to be more epic this time.
The market of cryptocurrencies is a lot stronger than many people think, is not going to fall 90% just because a post and an article say it would, it is going to take a lot more than that to crash bitcoin and the rest of the market, however while I believe that the market of cryptocurrencies is going to grow once again I am not so sure we are going to see it soon.
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