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Topic: huge crypto market correction incoming (Read 1697 times)

member
Activity: 392
Merit: 10
August 03, 2018, 05:03:04 AM
I think it is already happening right now as we can see in the market of most of the cryptocurrencies that they are dumped so hard and it seems an endpoint to other people who got bitcoin or other altcoins in their portfolio because they are all in a huge loss and some of them don't want to have a deeper loss so they just sell it and quit.
Dumping has a huge impact on the electronics market. Individuals who are involved in the destruction of the market do not have good results. Because they only think of their individuality without thinking deeply to the community as well as for themselves later. The lesson should respect the high turnover market also do not ruin them because life is so long so do not be greedy.
member
Activity: 350
Merit: 10
The author was right, the correction greatly affected the domestic economy, I wonder what will happen next? I personally continue to believe in price recovery.
legendary
Activity: 1176
Merit: 1024
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.

The thread was created in November, and man, that was amazing. Haha! If only this analysis were followed by many, there would be lesser cry babies supposedly.

Obviously, the sheep were too hyped to listen to this analysis.
Yes, that is one thing with analysis and there will always be people who will never listen. Normally, it was obvious since there was so many new and inexperienced investors that popped in last year with the idea of getting rich quickly and looking at the way things panned out.

No one in their sane mind should not have known it was just all manipulations and those were not real demand since what everyone was simply after was getting rich. So far, we are where we are, and we just simply have to deal with it.
jr. member
Activity: 68
Merit: 1
In hindsight this OP of november 2017 has been quite correct in forecasting the huge correction, even though it had missed to forecast the amazing bull run of December Cheesy
legendary
Activity: 1386
Merit: 1058
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.
Good for you that their is no room for losing hope. This is actually normal as the price were have been like this for long. Crypto market will soon realized with more adaptions and more demand that price will recover.
Yeah, here we are with the bear market taking the toil on the market.
Normally, and like you said, bear market cannot simply be forever and there will always be time for the bulls even if it is a short term move upwards. For this year, the correction is still intact and it all depends though on how everyone is simply seeing it. Time to buy more or time to panic and sell, for someone who is wise enough, I believe the former would be more in their mind than the latter.
full member
Activity: 658
Merit: 106
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.
just wait until q4 end we will see bitcoin price back to last year high.and maybe it can break and make new high above $20k , as expert said in much media.
full member
Activity: 462
Merit: 100
ANONYMOUS MOBILE PAYMENTS
And here we are. Thus as bear of a market as we could see. Then again, i really think that the bull market will rear its head again by the fourth quarter. I mean with the trend of bitcoin for the past 9 years, we will see that by the late third and although out the fourth quarter we will see green all the way. Who knows,aybe we'll see another freak spike by January next year.
sr. member
Activity: 490
Merit: 258
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.

The thread was created in November, and man, that was amazing. Haha! If only this analysis were followed by many, there would be lesser cry babies supposedly.

Obviously, the sheep were too hyped to listen to this analysis.
sr. member
Activity: 714
Merit: 250
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.
Good for you that their is no room for losing hope. This is actually normal as the price were have been like this for long. Crypto market will soon realized with more adaptions and more demand that price will recover.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I think it is already happening right now as we can see in the market of most of the cryptocurrencies that they are dumped so hard and it seems an endpoint to other people who got bitcoin or other altcoins in their portfolio because they are all in a huge loss and some of them don't want to have a deeper loss so they just sell it and quit.
newbie
Activity: 73
Merit: 0
As you said, it was a huge correction of the crypto-currency market. I believe you that this is absolutely normal. I still do not lose hope of price recovery.
newbie
Activity: 238
Merit: 0
June 13, 2018, 08:00:03 PM
#99
the ongoing market correction is the example of correction we can expect this correction countuine for next 3 months after then we can see price hike
sr. member
Activity: 1960
Merit: 329
www.Artemis.co
June 13, 2018, 07:25:52 PM
#98
Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!
That post was written when the price of bitcoin was at the peak and it happened which we all saw and now there will not be any other bigger correction. The current up and down is the normal fluctuation in the price of bitcoin which will continue for sometime and after some time the price of bitcoin will again start to increase and again we will see another ATH in the price of bitcoin.
You are right that the original post was made when bitcoin price was very high but that also means that the poster's prediction has come to pass too. Also I do not know if this continuous fall is normal or not. It now is scary to me that bitcoin is red this day with nothing major to pull it up. It can still go down if we are still thinking it is correction.
hero member
Activity: 644
Merit: 500
June 13, 2018, 06:54:51 PM
#97
Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!
That post was written when the price of bitcoin was at the peak and it happened which we all saw and now there will not be any other bigger correction. The current up and down is the normal fluctuation in the price of bitcoin which will continue for sometime and after some time the price of bitcoin will again start to increase and again we will see another ATH in the price of bitcoin.
member
Activity: 190
Merit: 10
June 13, 2018, 05:25:59 PM
#96
Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!
newbie
Activity: 84
Merit: 0
June 12, 2018, 01:02:25 PM
#95
Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
Most of the coin holders in the cryptocurrency market have been surprised by the continuing price cuts in the cryptocurrency market. This makes investors confused and sad to put their funds in the market
member
Activity: 233
Merit: 10
June 12, 2018, 12:49:49 PM
#94
this seems to have been corrected in price because previously bitcoin prices can touch at a very expensive price and currently prices and bitcoin volume down so that there will be a lot of price correction.
newbie
Activity: 238
Merit: 0
June 12, 2018, 12:20:10 PM
#93
the present market cycle is six-month cycle correction happening so if this continues we may see big bear cycle
sr. member
Activity: 2534
Merit: 332
Vave.com - Crypto Casino
December 13, 2017, 02:39:37 PM
#92
Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
Risk takers most of the time take a better profits, those who are ready to take part of the bloody movements are also gaining after the bounce back,
its better to analyze your self because its really hard seeing hard downfall approaching in front of you, always think that its normal inside crypto
industry.
but sometimes when the altcoin market bleeds. it always lasts longer and deeper, and sometimes we do not know when is the right time to take the buy movement. though we still always have a square when the price goes green

When BTC rises, everything invariably goes down in terms of BTC. Even the better alt-coins. So you take the risk by buying one of these and shorting them when they scale back-up.
These cycles will not be there forever and they will soon die down. Make the most of them while they are still there. Only risk what you can afford to lose.
Not all the times on where you would tend to follow up these kind of basis since when bitcoin price tends to go up and alts are most going down I agree on this stuff since ive been seeing these kind of scenarios for years now basing on the history of past experiences on cryptomarket which as a trader or investor its like just gambling where we should decide either we do risk to invest or buy on dips but this is somehow have some basis not purely speculating or guessing. Price corrections are normal and nothing to be shocked off.
legendary
Activity: 1274
Merit: 1004
December 13, 2017, 02:00:12 PM
#91
Honestly this is what I can expect from Bitcoin. The simple theory many peoples are joining Bitcoin because they are watching it as it increases its price rates. Another market will rise even more but the most Unbreakable step it I am worried about us is what is going to happen when Bitcoin mining is going to face another hurdle which can properly make many people lose their trust, we can already see that many transactions are became slower than previous month.
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