huge crypto market correction incoming - page 2.

jaysabi

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Quote from: buwaytress on December 04, 2017, 05:33:04 AM

Are you kidding? I've been worried ever since Bitcoin set off unfettered past the $4,500 mark! I'm still waking up most days wondering if it'll be the day I login to see Bitcoin back at that price. And when it did threaten to touch 9k, I thought that was really it. But here we are...

Quote from: jaysabi on December 01, 2017, 01:09:20 PM

The problem is that people buying at 25k are doing so only because they have the belief that there will be other people in the future who will buy those coins off them for more. This is why people say bitcoin is a ponzi, it requires ever more people buying at ever higher prices in order for the price not to crash. Fundamentally, I agree with this concept with the added caveat that a ponzi is intentional deception, and bitcoin is not. This is an important distinction, bitcoin operates like a ponzi without the intention of being one.

Exactly! All the bubble symptoms are there, yes, we're (I am) happy Bitcoin hasn't run out of steam, and it probably won't because every single day, someone is asking me now how to buy Bitcoin, or has told me they've already bought some, and some are preparing to go into it. I'm at a loss really at what to say, suddenly friends are poking me asking why I didn't tell them to jump in earlier. I fear for all of them, but when they're enjoying profits within days and weeks, hard to put a brake on that. Basically, there is a steady stream of new Bitcoin buyers and this is going to up the price for a very long period.

The correction... I can't predict it any longer.

I've had people asking me as well, and I've told them all the same thing. I haven't bought any in years because I've been worried about the price and the mania surrounding it. The mania is everyone's unreasonable expectations. I tell people who ask, I'm not a buyer right now, and probably won't be again, because if the price crashes and reaches a sustainable level and actually becomes useful as a currency, it's no longer an investment asset because all it does is maintain value, not appreciate in value. I don't currently see any circumstances where I am a buyer of Bitcoin again. The only potential opportunity I see now is if a crypto comes along with better tech or innovations and has the potential to displace Bitcoin. That would make it a (speculative) buy.

william8829

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Bad news is what is lacking at the moment. It is not just Bitcoin/alt coin markets doing well. Wall Street has been a bull for nearly a decade with financialists reminding people that bull markets do not last forever. There have been 12 bull markets since the 1930s. When people feel safe they invest in new things. Fear will make people invest in more traditional securities.

https://www.usatoday.com/story/money/markets/2017/03/07/bear-market-warning-flags/98695888/

_Legendary_

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What happens with bitcoin and cryptocurrency has been taken into account by everyone, now people prefer trading cryptocurrency and leave the old way of trading forex, I'm sure the future trend of trading is like this.

richmcrich

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Quote from: MkGregor on December 09, 2017, 12:03:33 AM

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...

I don’t really if that will be happening around this time or maybe later, but whenever it does happen, I pray it doesn’t just drop in a minute, but should take hours, and not just hours but days even, so that people won’t make loss. I have seen a lot of people complaining that the price is going out of hands and needs to be controlled. Maybe there will be price correction, this might be another rumour to force people into withdrawing all their money which may lead to a fall creating chance for the new guys to buy-in, well not a bad move though.

maydna

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we have seen the price is dropped too far but fortunately, the price can increase back although it is not as the higher price before. this condition is making trader confuse to buy bitcoin or altcoin. we need to be careful of this because the price now cannot predict and it could be another drop in next day. my feeling said that bitcoin price is stable for a while now and it is time for altcoin to increase again.

amishmanish

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Quote from: mostkey on December 09, 2017, 01:11:09 AM

Quote from: Golftech on December 09, 2017, 12:48:31 AM

Quote from: MkGregor on December 09, 2017, 12:03:33 AM

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.

lelahkenabanned

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Quote from: xatic on November 28, 2017, 07:42:54 PM

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

yes you are right they are doing price correction and take profit, their price will buy bitcoin back and make new record high price for bitcoin.

TheServerDown

newbie

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There will.be a price correction after this enomous change ng pricing. I'd say it is better to have a good pricing corection then rally for $20k.

vv181

legendary

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There is no doubt after the recent bitcoin price rising so enormous and fast, a correction is expected and will happen, but we don't know when it will happen, and also what is the top price is yet. But the borderline is, from what I experience a thing that goes too fast will not end so well.

mostkey

sr. member

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Quote from: Golftech on December 09, 2017, 12:48:31 AM

Quote from: MkGregor on December 09, 2017, 12:03:33 AM

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

Golftech

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Activity: 2128

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Quote from: MkGregor on December 09, 2017, 12:03:33 AM

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.

MkGregor

jr. member

Activity: 224

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Bitcoinus Community Manager

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...

shesheboy

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Quote from: bohr on December 08, 2017, 11:48:51 PM

Quote from: Vishnu.Reang on December 07, 2017, 05:17:04 AM

You are absolutely right!!! Bitcoin is soon going to be corrected and it may result in a huge crash. Now the question is when will the correction happen and how much it will crash to?? As of now Bitcoin is the new hot guy in the block and everyone is trying to ride on the fame train! But only time will tell what will eventually happen as is usually the case, a lot of people are in it without knowing the pros and cons of the system fully. Roll Eyes

A correction is different from a crash, the price suffered a correction and yet it is still above 16k it may go down even more but that was to be expected, I'm not worried, bitcoin could crash to 2000 and I will still be OK with that, those that bought at the top however will be in big trouble if they still held to that point, but I doubt we are going to see such a huge crash.

sure crash and correction are both different because as far as i know crash is a huge price drop for bitcoin (i.e 60 percent) and correction is only just a small decrease (e.g 20 to 30 percent) . bitcoin has been experiencing a short and temporary correction lately and its not verry sever because it only last for just a matter of short time unlike to the past years and months which i say bitcoin really suffered that much and as far as i remeber bitcoin also goes from a huge crash that time and took for about two to three weeks if im not mistaken but then again bitcoin has still recovered and now im not really worried about that because we can still expext that bitcoin will always be fine.

bohr

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Quote from: Vishnu.Reang on December 07, 2017, 05:17:04 AM

You are absolutely right!!! Bitcoin is soon going to be corrected and it may result in a huge crash. Now the question is when will the correction happen and how much it will crash to?? As of now Bitcoin is the new hot guy in the block and everyone is trying to ride on the fame train! But only time will tell what will eventually happen as is usually the case, a lot of people are in it without knowing the pros and cons of the system fully. Roll Eyes

A correction is different from a crash, the price suffered a correction and yet it is still above 16k it may go down even more but that was to be expected, I'm not worried, bitcoin could crash to 2000 and I will still be OK with that, those that bought at the top however will be in big trouble if they still held to that point, but I doubt we are going to see such a huge crash.

TTITA

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Quote from: xatic on November 28, 2017, 07:42:54 PM

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

The analysis you describe is a situation where demand increases sharply in a short time. Actually it is not a problem in business role, such as you are investing in commodity or real estate stock, when the stock products you're invest become a trend, many are interested in joining and you gain multiple benefits. Will you be worried later this will going be bad? of course not.
As long as the market is not manipulated then the existing demand shows the real investor interest, so long as the situation is still within safe limits.

nydiacaskey01

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This is going to be huge since we have seen an increase of $2,500 in a single day. I am planning to convert to USDT to keep the dollar amount in anticipation of the correction or pull back but I was advised not to turn my BTC to USDT for now. I exit all my alts earlier when BTC hit $13,000 USD but in Twitter you will see comments that $20,000 is the target for BTC this month.

XCANA

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In as much there are more adoption of Bitcoin globally there may not be any serious correction in the coming days or months because so many people who are currently holding Bitcoin believe that it has not reach their take profit level at the moment and that makes them to keep on holding while making it difficult for people to get, and as we all know scarcity create value.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: Nerman on November 28, 2017, 10:12:39 PM

Quote from: avikz on November 28, 2017, 07:59:01 PM

That's treu and most of the crypto investors are aware of it. The market is reacting positively because of the positive adoption news coming from every corner of the globe. CME group is about to start their crypto futures contract shortly and many traders and speculators are betting high on it. So we all know that a correction is imminent. But we are also sure that it won't be long before the market bounds back. A little correction is needed to take the next leap and also it will give us another golden chance to score some more bitcoins at a cheaper price. The entire market is running high on positivity so the correction will only be a very temporary phase.

This is on point. Correction always happen on any type of market but with more people investing in bitcoin, price correction will surely be temporary. Just hold your bitcoin because 2018 will be another great year for bitcoin holders.

It is really going to be temporary. Recently when we were climbing up before the $20,000, we had some little correction and that was when I knew a lot of new hands are stepping into the market and it is going to definitely be a huge bull run. Stuffs like these are normal and it has happened several times, the thing is that no one can really predict what can ever happen to bitcoin but for now, correction is certain and it should be expected later on.

longyenthanh

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Correction must happen. The price of bitcoin is high and grows very fast. Only how big it will be the correction probably no one knows.

mrjoy15

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Bitcoin might be going back to 12K, I'm waiting around 10k and ready to add more in my portfolio. Can't handle this quick charge to $15k without a considerable pullback. Thus, No one really knows, when it happens.

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