Topic: huge crypto market correction incoming - page 4. (Read 1732 times)
There is no point worrying as everyone knows it is something that is going to happen anyway. The market is getting a lot of attention right now and it is normal to see some huge adoption based on the upcoming news. There is a huge inflow of cash coming in, so it is normal to see some little dump in the coming weeks. I would not call that a reason to worry and as far as I am concerned, I am still going to keep holding.
Its true that market correction has not undergone for a long period.This is because market situation is entirely different now from previous one.CME has entered the market and CBOE is also to enter soon.These have brought large number of new customers since coinbase got thousands of new customers immediately after CME announcement of issuing bitcoin futures.We might have to wait for some more time for market to get settled.
My prediction from experience is that we will not reach $20,000 and instead there will be a major crash before the New Year. It might last until after the New Year... but the latest id January and everyone who got BTC in the past couple months is going to sell it all and there will be massive panic.
Yeah seems the bullish nature of Bitcoin are getting alts out of control, they are growing unnaturally these days are people are anticipating them as 'price recovery' which is not entirely true when most of the projects have no significant value in reflecting their prices, i would rather stay on main projects like Ethereum while getting my profits fast and off in alt's market, the big whales would soon drop their loads of bitcoins when the timing is right, investors are rich and unstoppable these days.
Bitcoin has been making some corrections for quite some time and if you follow the price movement you will understand that even yesterday Bitcoin make some correction before the current push. However, big corrections is underway and that is when Bitcoin will fight face to face with bankers and politicians who are against crypto currencies development.
It depends what you mean by correction, for me as long as we stay around 8k, it's not a big correction ,just a normal fluctuation of the trend
The healty market is always correction and market capitalized to continue to grow up many people by profit and interest into the crypto market where traders make a huge profit but special for bitcoin it not will happen in my opinion.
Traders have a good margin still to make profit if we believe bitcoin will reach 25 or 50k, at the end, everyone wants bitcoin that high , especially biggest traders who are on the market since years
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.
Not possible to happen because crypto is very pendent in the flow of the market. Taking advantage of some people may bring crypto into a lot of changes in the incoming. Price fluctation may somewhat contribute a lot for what will happen in the future.
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
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
Well it's here now. And i think people are already expecting a dip that's certain to come. Some were even hoping for it to come sooner so they can buy for the next wave. I don't think a lot of people are concerned about it.
So actually the correction is not coming now, maybe 10k is not enough for the smart money to sell yet, we may need the 20k before the big crash and death of bitcoin
It's true that market correction is coming in crypto market and maybe it's sooner than we think we just always need to be aware and ready to minimize our loss and market correction is not that bad after it we can start again with a much more bigger profit than what we already have. We can have a large and bigger profit just always be careful and play your cards right.
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.
Yes this analysis is similar to what i have posted before
on a different thread. There is and will be more adoption
and acceptance of bitcoin and following on from crypto
general.
The value now being over $10000 is this the proper rate
that bitcoin should be at? Was it always "undervalued"?
I'd rather call it "undiscovered" instead of undervalued. Most people were just not interested in Bitcoin since 2017. Now it's starting to doom on them, what the implications of a trustless money-system could mean.
To sum it up, in the long term I think that old McAffee might not be bunkers after all.
Well if this huge crypto market correction will really take place, we cannot do about this but to embrace it, but it may never take place right away, it takes time, a very long year.
I don't think it will be huge but as I am writing this 60b has left the market past day or two so what do I know lol. I thought this was going to happen early on because of December, winter, and Christmas. Something about winter coming means slow investment season I think at least for me anyway and I thought the market was gonna get destroyed anyhow. Well it went up first now crashing back down only question how far will it crash?
No market correction is coming as long as they keep forking Bitcoin will go higher and higher in price and the crypto market will get huger and huger.
Ofcourse it went from 250 billion to 310 billion in a week, bitcoin went from 7.5k to 10k while the amount of it remained the same, that's basic mathematics.
Also crypto market is not like regular market, people keep forgetting this, due to this most people that know real markets keep falling into the same ditch over and over again.
The same way it went from 250 to 310 the next week it could also go from 310 to even 200 billion the next week if the price of Bitcoin would drop when lots of people would try to cash them in dollars. But since more and more forks are being planned and are going to happen, people will keep their Bitcoin to get more and more of this free fork money. So the only way Bitcoin will drop is when they stop forking it, but to keep this charade going they will keep announcing a new fork practicly every other week. Next fork with Bitcoin platinum is coming in december probably by next week.
Ofcourse it went from 250 billion to 310 billion in a week, bitcoin went from 7.5k to 10k while the amount of it remained the same, that's basic mathematics.
Also crypto market is not like regular market, people keep forgetting this, due to this most people that know real markets keep falling into the same ditch over and over again.
The same way it went from 250 to 310 the next week it could also go from 310 to even 200 billion the next week if the price of Bitcoin would drop when lots of people would try to cash them in dollars. But since more and more forks are being planned and are going to happen, people will keep their Bitcoin to get more and more of this free fork money. So the only way Bitcoin will drop is when they stop forking it, but to keep this charade going they will keep announcing a new fork practicly every other week. Next fork with Bitcoin platinum is coming in december probably by next week.
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.
good answer! totally agree. see the correction as a chance to get more bitcoins. when the correction actually gonna take place - no one knows...
What is happening with the entire cryptocurrency is a massive correction. The volatility it found high during the time of price increase and the same thing is taking place at present. Whether it can be used as an opportunity to invest into altcoins or just keep hold of the assets without a switching. Everyone might be in a dilemma thinking of the ongoing situation.
This is a normal activity that many anticipate since crypto currencies is now taking the lead in the market a lot of changes and adjustment must be needed. I guess we will expect more correction as long as no stability for cryptos has been set for now. But even though we must not be worried because surely at the end of each correction the result will always be favorable to every one.
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
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 $310B within 7 days.
I want to know what people think.
https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
I agree that a big correction is about to come, but it is really hard to determine when it is going to happen.
You can never know if the correction is going to be happened when the bitcoin price will be already more then 15K$, or it's going to be tomorrow or in a hour.
I think that this mega bullish bitcoin market becomes very risky, and people who are not ready to take loses should not be investing at it at all.
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
It is already anticipated which price corrections would really happen anytime soon but talking on crashing out its price just like what happen on those years wont really happen on this recent year on bitcoin.We would definitely see price correction but not totally dip down going back into lower price like on 5k range but still even we go back into that price it isnt bad after all because we did able to see how much price did bitcoin able to rise up on this year which we should really expect price corrections would happen later on and the important thing is that we should secure out before we would able to be caught on such correction. 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
It depends what you mean by correction, for me as long as we stay around 8k, it's not a big correction ,just a normal fluctuation of the trend
The healty market is always correction and market capitalized to continue to grow up many people by profit and interest into the crypto market where traders make a huge profit but special for bitcoin it not will happen in my opinion.
Traders have a good margin still to make profit if we believe bitcoin will reach 25 or 50k, at the end, everyone wants bitcoin that high , especially biggest traders who are on the market since years
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