Is the market retracing or has the BEAR taken over?

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: vatived22 on May 15, 2017, 02:13:36 PM

Just wondering with most coins in red is it time to pull out of the market or is it just a dip before a major pull back? What do you think?

It seems it was just a retracing. But is easy for me to tell this 12 days latter. I expected crash in June. Now I am not so sure anymore. It might have some delay.

oaks05

hero member

Activity: 770

Merit: 501

remember coins are still higher than they were a couple months ago majority of the coins are still above this mark, we all knew a correction was coming at some point, and honestly it sucks right now but id rather have a more stable price than super fast growth and stuck there wondering when its going to crash.

zoolander

member

Activity: 75

Merit: 10

A lot of people are getting very burnt right now - especially in those markets that were largely powering this bubble. Any price above the previous 2013 ATH is easily possible (based on previous experiences) if people panic and the new money dries up. This is healthy IMO. I'm looking forward to getting back into saving/buying mode instead of watching the craziness unfold on the daily basis and having to sit out.

Mac0ni

newbie

Activity: 14

Merit: 0

I feel like there's a lot of loose money out there. People may stop piling onto the top 10 coins, but I think we'll see decent movement across the market. Maybe just less major spikes for a while.

creative~mind

jr. member

Activity: 56

Merit: 10

I think it's just a correction. But I would not be surprised if the price fell below $ 2000. Anyway, it looks like there would be a lot of support below that level, and if you are not a professional trader, it would be very risky to short Bitcoin in such a situation.

shanem

legendary

Activity: 1344

Merit: 1000

The bull market for altcoins is not over yet. Bitcoin is undergoing a correction but it will go to all time high weeks/months later. There are a lot of new money in the crypto market and I feel the market will drop sharply next year. 2017 is the year for altcoins and bitcoin.

christie

member

Activity: 104

Merit: 10

I think it's just a correction. The bull market is not over yet, but need some time to fix.

iluvpie60

hero member

Activity: 700

Merit: 500

I think there is going to be a dip for awhile. Ups and downs each day for sure. Room to make profit. If you are day trading you need to watch it 247 for sure. So volatile.you can miss out.

Go half fiat half coins if u wanna be safer.

vatived22

full member

Activity: 235

Merit: 100

Just wondering with most coins in red is it time to pull out of the market or is it just a dip before a major pull back? What do you think?

Topic: Is the market retracing or has the BEAR taken over? (Read 768 times)