Is that Massive Correction all over now ?

Semaj123

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Quote from: hitrawal91 on March 15, 2018, 11:37:39 AM

Quote from: Si H on January 17, 2018, 04:46:10 PM

Things seem to be picking up again. most things are green. Will this continue ? Was that the MASSIVE correction we have all been waiting for ?

Can we now look forward to 2018 in peace lol. Grin

Also any thoughts on what might be a good gainer over the next 24 hours or so ?

Things are green doesn't mean the correction is over you need to confirm the end of the correction and you need to find how the trend is changing from downtrend to uptrend so that you can take your trade positions in much safe and convenient way. I think right now google planning to bans the Crypto and ICO ads on their platforms and search engines which is going to hit the Crypto coin prices a lot, as google is the number one search engine in the internet world.

These news from mainstream media really affect the price of the crypto and I think this gives big impact to the crypto community. Some were saying that this is still part of the correction and maybe it is part of the price fluctuations. Fortunately, I can still see some ICOs in the Google and other search engines which I believe these news that we heard are part of the FUDs.

cakmabokgot

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Everyone has different opinions about the correction. I am scared that daily golden cross is going to happen in a few days. After that long term investors may sell all btc they have which may cause a huge dump for BTC. That means huge dump for alts too... Pew that's going to be harsh...

Dasha88fed

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Quote from: ilnick on March 14, 2018, 05:03:33 AM

As far as I know, correction is a price return of ~30%. Here we see a two-month fall by 50%. Unfortunately this is a trend, not a correction.

I fully agree with this statement. What we see now is definitely not a correction, but a bearish trend. But it's all explained to the war that the biggest media magnates, facebook, google arranged for cryptocurrencies, and now twitter announced the ban on advertising of cryptocurrencies. Governments of many countries without understanding and not knowing how to regulate the cryptocurrency market are trying to block it, so we see panic and a price drop.

Minor Miner

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Quote from: ilnick on March 14, 2018, 05:03:33 AM

As far as I know, correction is a price return of ~30%. Here we see a two-month fall by 50%. Unfortunately this is a trend, not a correction.

Where did you get that information that the correction is a 30 percent drop? It's just the thoughts of people who think they've studied the crypto market. I think that a strong growth will begin from the second low pattern at btc daily timeframe.

zabisux

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Presale is live!

I think this thing went down further than just regular correction after it dropped lower than 12000 dollars with btc. But its very healthy for markets as now people will start accumulating ready for next phase to see explosive prices maybe for last time ever.

hitrawal91

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Quote from: Si H on January 17, 2018, 04:46:10 PM

Things seem to be picking up again. most things are green. Will this continue ? Was that the MASSIVE correction we have all been waiting for ?

Can we now look forward to 2018 in peace lol. Grin

Also any thoughts on what might be a good gainer over the next 24 hours or so ?

Things are green doesn't mean the correction is over you need to confirm the end of the correction and you need to find how the trend is changing from downtrend to uptrend so that you can take your trade positions in much safe and convenient way. I think right now google planning to bans the Crypto and ICO ads on their platforms and search engines which is going to hit the Crypto coin prices a lot, as google is the number one search engine in the internet world.

MoneyCrafter

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It can be a massive correction that made the market bleed in the past couple of days. Whales could also be the culprit as they try to push the market price down so they can buy cheaper one.

peterthegreat

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Presale is live!

If you are looking for peace than you picked the wrong market. Crypto currencies are all about volatility and blood. Cryptomaket is the slayer of people who don't hodl.

jashley

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Quote from: ilnick on March 14, 2018, 05:03:33 AM

As far as I know, correction is a price return of ~30%. Here we see a two-month fall by 50%. Unfortunately this is a trend, not a correction.

Yes you are right it will need to dip more just to complete the reversal trend and if that happens well we expect BTC to set their new ATH and then all altcoins will follow and set their new ATH too. Just be patient goodluck to us everyone.

karel88l

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Only zero is bottom,no thats joke but i think that it can fall to mid 2017 prices.Even people like Vitalik Buterin or Dahongfei were saying there is bubble and telling people to calm down on buying crypto now you see what happened hype is over,smart speculators already left the game,early 2017 hodlers are still in profit but those who bought in late 2017 or early 2018 are screwed especially if they bought shitcoins.

I am not burrying crypto,it will rise again but now it must hit the ground,buying back now is not good idea atleast if you want best price.

Sikka157

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I hope it is over, I am tired of watching the market fall every single day. We are already close to the bottom from last month, how low can we go from here. Sad

1969Dave

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2018 will be a difficult year with ups and downs, don't forget that 2017 was a very good year so this is a correction. Eventually it will go up again. Hold, don't sell.

okissabam

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Nope, I think there will be more massive corrections in the coming months. And I don't think it will stop anytime soon too, for as long as Bitcoin is still minable. Today it dropped to around $7,600+ and it could go way down more, depends on the news and the demand too. But I think the price drop is because of the negative news again about a certain exchange site that was hacked and lost around billions of dollars. I couldn't even look at my folio the past few days because it looks ugly and red, but I do hope after the corrections these cryptocurrencies will make a positive comeback.

alani123

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BTC keeps being volatile and it is taking other markets down with it. Altcoins, as we know, are heavily influenced by the prices of bitcoin as it's come to be the gateway to crypto for many. This does of course mean that there'd be a good chance for alts to come back up but only if BTC continues doing so. It seems like the bullish rally might be over for now though. You'd never really know how far BTC will be able to rise to so it's actually something to keep in mind if you continue holding.

cryptomarvel

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Maybe all of this is correction of the market, as you know it was very volatile.

Investors also will decide if they lose faith then this will be the normal value of market.

rallyko

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Quote from: Sikka157 on March 15, 2018, 12:46:24 AM

Doesnt look like we are at the bottom yet, I thought last drop was the lowest and it bounced back but its painful watch the market fall back again, we are at $315 Billion marketcap already.

Capitalization can grow at any time! It all depends on the plans of the whales. It seems to me that the bottom is quite close and will soon be a turn.

kambria.io

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$300B market cap will be a very important level. I expect the bottom is very near already.

Sikka157

full member

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Doesnt look like we are at the bottom yet, I thought last drop was the lowest and it bounced back but its painful watch the market fall back again, we are at $315 Billion marketcap already.

wekael

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Activity: 144

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Quote from: ilnick on March 14, 2018, 05:03:33 AM

As far as I know, correction is a price return of ~30%. Here we see a two-month fall by 50%. Unfortunately this is a trend, not a correction.

It goes back where it started before the hard fork bullrun and will grow healthy

Mr.Stinson

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Quote from: ilnick on March 14, 2018, 05:03:33 AM

As far as I know, correction is a price return of ~30%. Here we see a two-month fall by 50%. Unfortunately this is a trend, not a correction.

and with mt.gox having oike 166k btc ready to sell it seems to be that it isnt over yet. kobayashi is free to sell it anytime he wants

Topic: Is that Massive Correction all over now ? (Read 1673 times)