Topic: Is bitcoin undergoing a correction? (Read 1134 times)
I wonder what's the reason that altcoins are following the movement of bitcoin with some few exceptions. I had the impression there was concensus that after the fork Bitcoin holders who were just in for some free coins would head back into altcoins. Instead the capital is pulled out of the crypto market alltogether.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
its all up in the air right now, courtesy of all this fork bullshit. this is a correction yes, but this is moreso a reaction. correction to me, with all this unexplained growth over the past year, is us readjusting back down to those previous levels. im thinking its going to start deadcatting at some point, esp if we have any more fork controversy in the near future. while its variable in other markets (eth is down, but some erc20s are up), the depressing is affecting the entire ecosphere
remember when people used to actually be afraid of forks? its like this shit is old hat now
meh.
10k by feb.
My prediction.
10k by feb.
My prediction.
The dump for the price of bitcoin is because of the cancellation of the fork that let the bitcoin cash shines its own and as you can see the altcoins are following the movement of bitcoin and it seems that bitcoin cash will have its time for its own in the next few days or weeks but in the long term, bitcoin will bounce back again and it will move up higher than the price of its recent all time high.
The ongoing price drop seems to be the beginning of the correction phase. Maybe this will continue for weeks and the growth towards the next ath might begin after the same. It's our responsibility to have patience and keep hold of the bitcoins without getting into the panic.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
Yes a correction is happening now. We might see that bitcoin will touch 7000 again then go lower up to 6000
if bitcoin breaks 6000 it will slowly and surely reach 5000 mark on which is a good buy for me.
Exit bitcoin if you can. its not too late
This was bound to happen at some point.
If history is any lesson, it's just a matter of waiting it out for the next bull run.
Perhaps this might lift your spirits:
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
If history is any lesson, it's just a matter of waiting it out for the next bull run.
Perhaps this might lift your spirits:
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
it seems that way. some predict this is going to be a very long correction for months. well let's see how it goes.
Wu is dumping Bitcoin for his Bitcoin cash, and when he pumped Bitcoin cash high enough, he'll dump them again for Bitcoin. or I could be totally mistaken as I'm just a beggar here, I don't know nothing about financial markets and ecosystem, I'm just sad because no body is sharing their new Bitcoin fork coins with us, BCH now has $16 billion marketcap, they pulled $16 billion out of their asses and now are back again to pull out more with a new name but the same people and the same boost mining capability.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
Most likely yes, the market is undergoing a price correction. Its now down to $6500 from the previous highs of $7000++. I guess everyone is not surprised to see the price drop as the Segwit2x anticipation, which drove the price to a massive bullrun is already postponed. Investors are shifting and moving their funds somewhere else, to altcoins and simply taking profit. I guess you bought bitcoin at high's, but don't worry and just stay calm and just hold on your bitcoin. This correction is also temporary and we might see the price rising up again in the next coming days.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
if the bitcoin value goes down I think it's natural but I'm sure bitcoin will continue to rise its value in the future I believe with it I will still save and access bitcoin because I have to this day still get profit 
Nothing unexpected. It was obvious that correction will happen. Segwit2x cancelled and people moving their funds from Bitcoin back to Altcoins. And now lot of money moving to Bitcoin Cash and their volume almost equall to Bitcoin.
Now it's question, when and where Bitcoin will stabilize. My prediction that it won't go bellow $6000.
Now it's question, when and where Bitcoin will stabilize. My prediction that it won't go bellow $6000.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
This correction was expected when the Segwit 2X fork was called off two days back. The investors who invested in bitcoin with the hope of getting free 2X coins, they are now pulling their funds back to invest in different assets or waiting for another suitable opportunity. The market cap has also come down to 109 billion USD from 124 billion USD due to this reason. However, I see strong support at 6500 USD level so I don't expect it will go down any further. It is just strengthening its base before taking the next jump, it's just a required correction and nothing else. It gives a lot of people an opportunity to enter in to bitcoin at a cheaper price.
Yeah, I'm thinking it will go down to 6400 and then go back up a bit. I'm holding. I was hoping more altcoins would rally but they experienced a fall. I still think Litecoin is undervalued so I am going to put some funds into that then dump when they go up 20% or so and buy BTC.
Don't panic. Just HODL!
yes it is.. now bitcoin is undergoing correction and we will see how deep it will be, even though bitcoin undergoes a deep correction i always believe bitcoin price could bounce back for create a new price record highs.
yes bitcoin will still price correction, as in the events before it there must be a saturation point of a price. there is a negotiation between buyers and sell to determine a reasonable price, but I still believe bitcoin will go back up in price after a correction
Most currencies down today. Good be an opportunity to buy if you can hit at the bottom.
Almost everything will probably keep the downtrend for at least a couple of weeks with minor ups and big downs, I expect it will touch 4500 euro before we start the uptrend again.
Its down over $500 from yesterday and seems like its going to go down more. I hope not.
This is Cryptocurrency World for you. Prices aren't set on stone.
Bitcoin cannot always go up all the time. Don't expect too much from it. It's susceptible to volatility too. It has done really well this year. We need to be very grateful.
man i just bought some this morning. I haven't traded for so long cuz i lost money and now I'm losing again. this sucks
Hope you are following the news before investing,got the news that the proposed fork is canceled and expect the price to go down a bit after those things as people were investing heavily to get the split coins in equal share and never expect to see the price of bitcoin just rising all the time,accept these sort of correction too,hold on to your coins and you will end up in a profit. Its down over $500 from yesterday and seems like its going to go down more. I hope not.
Yes, we are now on a correction. Everyone is buying bitcoin cash now and with the fall of bitcoin there's a domino effect for other alt coins too except bitcoin cash. Normal correction, this is expected when bitcoin is pumping very quick don't think that it will last forever. And this is the opposite reaction of that pump so we are reacting according to the market value of a coin and the increase goes to bch for now.
Yes i think so, but for me it’s normal after hitting the peak but for sure it’s just a short period of correction. Well i will take this opportunity to get more bitcoin and you should do this also because bitcoin will surely pump again.
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