huge crypto market correction incoming - page 5.

jaysabi

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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

It looks like a bubble, so yeah, I'm worried about the price level. Today there was a flash crash where btc fell over 24% in about 4 hours. It rebounded quickly as well, though still off the intraday high by about 10%. The volatility has been crazy, and such dramatic price swings (in either direction) don't provide any confidence that this is sustainable or rational. Watching order book data on gdax in real time, there's no doubt algorithm's are driving trading, and I have to believe they are fine-tuned to profit off volatility and to drive or manufacture that in order to capitalize off it. That doesn't do anything to assuage my concern that the current price level is artificially high, given that it was likely driven to this point by computers, and there will be nothing to sustain it once it begins to fall. Everyone treats bitcoin like its rise is inevitable, and nothing in the real world works that way. That's mania, and a sure sign of a bubble.

blacktux88

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such an nonsense , everyone is happy thats btc is growing the right people makes a lot of money after that the correction it -.- biggest problem in crypto.

Gozie51

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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

You are exactly correct on your position. The correction is looming , it is necessary and it is likely to cause a huge bullish to altcoin that are not doing well at the moment.

Hydrogen

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Terminology utilized by traders and investors has a potential to confuse people and prevent them from seeing specifics in how market mechanics unfold. If bitcoin's price dips after a rally, most would call this a "market correction" and interpret it as a sign that bitcoin was overvalued. A dip in price could have many causes. It could also be premature selling from inexperienced traders. Fallout from anxiety over the next big fork. There were many "market corrections" after bitcoin hit an all time high of $2,500 which could give an impression btc was overvalued.

Emphasis on market momentum could be valuable as an indicator. There could be cases where btc dipped in price with a majority of momentum swinging in an upward direction, which could indicate the price would continue in an upward trend.

With equities trading slumps or market corrections are often preceded by dips in fundamental performance. Bitcoin doesn't fit inside this paradigm, its more similar to gold and isn't as prone towards some of the tell tale signs and analysis equities traders would normally expect from a market.

MiningBattalion

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Quote from: expert4knowledge on November 29, 2017, 04:22:06 PM

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.

expert4knowledge

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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

longyenthanh

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Quote from: chip211 on November 29, 2017, 06:38:03 AM

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

Market capitalization will continue to grow as many people are interested in the crypto market. Where traders can make a huge profit.

Yes, but somewhere there is a limit to the capitalization of profits by people. Correction may be soon.

chip211

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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

Market capitalization will continue to grow as many people are interested in the crypto market. Where traders can make a huge profit.

desi92

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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, healthy market is always with correction. Sometime when is pump so high without correction so it has potential to dumb so low also without correction.but special for bitcoin it will not happen in my opinion.

Laland

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Quote from: expert4knowledge on November 29, 2017, 05:55:57 AM

We are far from being a market big enough to be corrected.

We still have a good margin before that, look at the market cap of Apple

It is just small compared to any multi billion market but it is stil ldecentralized and the issue of anonymity is there so i think market correction when it will go to at least 15k$

coin_1122

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Correction will be made very soon because right now the market is in big voltaile condition. May be very soon price will be consolidate at one point. Soon there will be correction for exact price of the coin.

expert4knowledge

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We are far from being a market big enough to be corrected.

We still have a good margin before that, look at the market cap of Apple

carlisle1

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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

i think correction is just a formality for the things that must be done
Thats why theres a management team sp everything in the corculation
Should be in proper system.and flr me theres nothing to be bother
Because of correction that might bring dump to some coins specially
Bitcoin but the holders must not panic we know how strong bitcoin is
And it will recover for sure much bigger

samcrypto

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A lot of people say that cryptocurrency is in bubble but i do believe that its not and it will keep on soaring higher. The price of altcoin might correct but it will not last longer. This is the future, watch ou for this.

LuanX3

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Yeah, seems like prices will all drop after a few days and it will all correct since the prices are all based on bitcoins and bitcoins are pretty high right now. But I think it will all go back up since it will all drop by a lot and for sure investors will see this as an opportunity to buy more alts. This is the usual case in crypto trading, alts die when bitcoins goes up and when bitcoins are so high then altcoins will be so cheap that people will buy them back.

aoluain

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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.

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"?
Shocked

player514

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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

It definitely worries me, but I don't think I'll stop holding anytime soon. Sure a correction could tank everything, but in the end, there is strong support for crypto going into 2018 and that's really the only reassurance that I need for now. It also amazes me how quickly and firmly bitcoin broke the 10,000 sell barrier wall. It seems like this bullish run could keep going for a bit longer before the corrections come into play. Not sure if this is the best opinion you'll get, but this is what I've been going with for the past few months.

kaya11

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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

Whatever they are planning, soon many people will realize how Bitcoin will replace our old way of our transactions (Central Banks), but as of now it's still needed. I hope it will not fall down below $10k when that happens.
The rise of Bitcoin will continue as long as the Internet remains available. We also need part of the population to have access to computers, and we need enough redundancy in the blockchain for the Bitcoin transaction to be maintained.

8270thNinja

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busy in real life, long post gap is understandable

Of course there will be correction and that's inevitable, the only thing we can do is to be prepared to this correction and of course mass dump will be happening before this year ends, so better gear up and get ready for time because for sure everyone will get affected by this correction.

hasmukh_rawal

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Seeing Bitcoin rise at such a rapid speed it is known to the experts that a correction is indeed necessary for BTC to grow steadily.
A large red candle was seen today as a mode of correction and BTC is now having a good support at $10400 . This could be a strong support line for BTC while aiming for the $11000 resistance. I think the correction is done now and BTC won't go much deeper than this. We can see a bullish run again for a few days before we see it suffer from another correction.

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