Topic: Is 50% correction on BTC possible? - page 5. (Read 2098 times)
Correction is a most awaited thing now but in any case, I am not expecting 50% correction because now institutional investors have joined the game and pouring the capital which is making Bitcoin stronger day by day and even if they exit suddenly, there will be maximum 30% fall in the price and it will make the investors buy further Bitcoins during the dip. Thus, I believe that correction is on the way but it won't hit 50% level even in the panic selling scenario.
I think that the correction of 50% is likely and this is not anything strange in the last six months I've seen several corrections to 40%, so what prevents to go to 50%?
With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.
Yes, of course it can.
The last crash occurred back in 2014, we went from $1,000+ to just under $200 in a few months. And we stayed at $200 for longer than it took to get there.
We can absolutely have a 50% drop. All it takes is some bad news or another negative development. The market pundits are right, this is a bubble, what they don't have right is that they call it a bitcoin bubble. It's not a bitcoin bubble, it's a cryptocurrency bubble. Bitcoin will be one of the survivors.
The important thing is that you make a decision, for yourself, if you believe in the fundamentals of the future of Bitcoin (or any other coin). That's how you need to start your decision making.
Reducing the cost bitcoin by 50 percent is unlikely, but it is possible. There have already come examples when bitkoyn from the cost of 1,000 dollars dropped to $ 250, which was 75 percent. Thus, the volatility of the crypto currency is so high that such a correction is possible. It seems to me that sometime in February we will see something like this with correction bitkoyna.
Well bitcoin had a correction of about 25% back in September 2017 due to the FUD created by the Chinese clamping down on the exchanges. So to your question, yes bitcoin can have a 50% correction if there is serious negative news that will cause FUD but then again there are buyers waiting on the sidelines waiting for bitcoin value to fall, if it does people rush in and buy it all up sending the price back high up once again.
With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.
From the way it has moved in the past few months, I don't think so. The moment it goes -2K, people are gonna go crazy and buy to make it go +4K in the next week.
It has moved like this this year.
So I think now its gonna stay above the 10K line quite consistently, there may be a dip but that won't stay for long.
I don't think so for me the correction is around 15% - 20% but not lower than that. Well if this thing happen we should be more happy because we can still buy more bitcoin that we can use in the future. Bitcoin will always bounce back I believe.
As a price correction due to the huge increase in price, I think 50% would be too much but not impossible; probably 20-30% decrease would be more realistic in my opinion. A 50% decrease in price isn't impossible though. It's only going to take a huge FUD spree or one huge FUD issue to decrease the price in half.
I say 20-30% would be the lowest that bitcoin price can get. Bitcoin has already gained trust from most investors, that a minor dip would mean a perfect buying time for them. Although I would agree that it isn't impossible to happen but for me its less likely. Yesterday, I saw the price going below $11K and I thought that this is the correction that we all have been waiting for, but look what happens, investors quickly jump on the opportunity and "panic buying" occurred pushing the price above 11K again.
That's what I think. I think we've seen a huge change in how people think about the price since a few years ago. People aren't as ready to smash the sell button when it drops a bit, instead there's more people with the mentality that just makes them buy more. Add that to the huge institutional money coming in and honestly, bar huge technical issues or more dissent in the ranks like we had with 2x, I don't see those kinds of drops happening anymore.
With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.
I would say a 90% correction is more than 50% likely.
50% correction is certain happens generally on a yearly basis. Heck we have 20% swings in a day
Bitcoin is crypto currency which has high fluctuation.
With the high fluctuation it can reach -50% or +50% and its normal.
But looking in strong up of bitcoin o dont think bitcoin can be -50% but most likely +50% very soon.
With the high fluctuation it can reach -50% or +50% and its normal.
But looking in strong up of bitcoin o dont think bitcoin can be -50% but most likely +50% very soon.
As a price correction due to the huge increase in price, I think 50% would be too much but not impossible; probably 20-30% decrease would be more realistic in my opinion. A 50% decrease in price isn't impossible though. It's only going to take a huge FUD spree or one huge FUD issue to decrease the price in half.
I say 20-30% would be the lowest that bitcoin price can get. Bitcoin has already gained trust from most investors, that a minor dip would mean a perfect buying time for them. Although I would agree that it isn't impossible to happen but for me its less likely. Yesterday, I saw the price going below $11K and I thought that this is the correction that we all have been waiting for, but look what happens, investors quickly jump on the opportunity and "panic buying" occurred pushing the price above 11K again.
As a price correction due to the huge increase in price, I think 50% would be too much but not impossible; probably 20-30% decrease would be more realistic in my opinion. A 50% decrease in price isn't impossible though. It's only going to take a huge FUD spree or one huge FUD issue to decrease the price in half.
It cool go less but never lesser than 8k$, I predict
With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.
Never could it be 50% at the stage of publicity and market cap.
Bitcoin is the most volatile currency. Due to its limited supply and growing demand its movements cannot predicted nor be controlled. in one month it has it has raised from $7382 to $11587 i.e. almost 57.2%. So, if any currency can show such a rise in such a short period it can fall with the same pace. Continuous buying and continuous selling patters are not good for the health of any currency. Currency traders earns money from the speculation. They buy on every fall and sell on every rise. So correction is necessary. 50% correction in bitcoin will be a great opportunity for its traders/investors.
I think at some pricepoints a ton of capital would go in. Lowest might be $8000-$10000 already. If Bitcoin even will go under $10k ever again. But nobody can know this. Yes it COULD be $5000 again, it could also be $15000 next week...... but it does look like its staying above $10k now.
With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.
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