Topic: Market correction (Read 508 times)

Correction is part of cryptocurrencies' growth because without it, it might not become a digital currency that is more improved than before  and it might crash badly if no correction is made and it will be more harder to recover it anymore. It's just normal and all is well and hodling is the only thing that you can do at the moment.

The big correction has happened/arguably is still happening. I think we've found the bottom but it could be retested and a new bottom found. It won't get rid of weak coins though. Just burn many investors who thought that investing in everything was a good idea.

Looks like we might get another leg down before steady uptrend resumes. All the news about Korea and India cracking down and freezing bank accounts related to crypto trading platforms is not helping at all. Hope this resolves soon!

now may be a good time to buy coins at cheap prices for investment. because of the current market correction all the coins have a significant price decline. but we can expect in the future the coin will be a coin that has a high price.

There was a support for bitcoin at $10,000, and I think it would be hard to drop $10,000 without a policy.
So I think this is a good time to invest in bitcoin.

I suppose the market of crypto is in the correction stage already. As we all can see, all alts together with Bitcoin are going up and down. Hope it will be finished soon.

WTF are you talking about? if bitcoin is down 100%, then the price should be literally 0 by now. Need to check you math dude.


Of course there will be another correction coming, its inevitable, just the question of when its gonna happen. It always appears when the price is moving to a unprecedented level. Like what we have been seeing, bitcoin grows significantly to $19K, so this correction should have been expected. It could have happen last year as well, but people keeps buying and there are a lot of positive news like the CME and CBOE bitcoin future contract offerings.

But with so much negatives in the last couple of weeks, I wasn't surprised at all that we have seen 2 market corrections so far. Just to continue to Hodl though and wait till bitcoin settles in and makes a comeback.

I am not very familiar with the term "market correction" on what basic can be said to be correction? who corrected? no one, this is only a suggestion from you who have lost money.

No how corrections will be taking place and the weak coins will be swiped out, one just need to make sure one invest wisely after much research and consideration and relax to see what happens next.

It is hardly anyone can answer this question for sure.
We can guess when, if we look at statistics from previous periods, but this is also not certain. We have to wait.

Bitcoin now and so well fell after correction from 20 thousand. Now it's expensive for him to go up. It was a great chance to skimp on the crypto currency before the spring 2018 crypto season!

There are many investors waiting for bitcoin to fall deep to buy in. I think in the future it is going up again. Adjustment is necessary.

We had such corrections several times. It's right when market tries to find balance. It can't rise all the time so we have these situations.

Remember 2013 - uggh that was a long correction (6 months or so), but all my positions eventually increased above the dip , and then 2014 with Mt Gox.. Those were hard years, but we made it and all my positions were either SODL for profit or HODL for more profit lol.

Yup those who are working and active in this crypto world from last few years they can take this easy because they know this kind of corrections are common but it will affect the newbies. I don't know how many people sold their coins for loss. Don't think a market correction will continue a long time it will over after few days, and again all coins will grow. So just wait for a good time.

correction are just happening now in bitcoin, from its skyrocketing price of around $16000 - $20000 before and now it dropped 100% at this time. and most of the alts are being had a correction right away. we all dont know when this corrections stops but im hoping that this will not much affect all altcoin in the market that can provide more profits in the future.

yes the market correction will still continue.
Many analysts consider correction necessary to guard against price hikes that are too fast. Because if so, then the price will also go down very deep.

Big time correction is now happening in cryptoworld. It is normal market respond due to heavy investment receive last December and early January. Many investors are now profit taking mode and the late comer suffer a lot of losing.

Because there has to be a 3rd market correction to have a 4th. Ive been in this game since 2011...its volatile, you have to lose 50% (and HODL) to gain 100%, look at the charts year after year. We had a painful start in the beginning, but its finally here to stay and actually pretty reliable/predictable. No one has a crystal ball for sure, but the trends are there just like there are trends to watch in the stock market. One thing is for sure, this year the rules have changed now that wall street and is involved. Wall street is adapting their market strategies to how crypto swings, and now we (oldschool cryptos) are having to deal with new market strategy as the status quo is changing. Later this year as infrastructure and application catches up, and when grandma can buy and trade her 401k in altcoins using her iphone, we will enter the golden age of Crypto. But right now wallstreet and new inexperienced traders have swarmed the trading platforms  and we need the dust to settle. The reality is there is always a growing period for this type of stuff...the gold rush phase (which we are in now), the dot com bubble (which is a few years out...think of this as 1991 right now not 1998), and then the industrial/golden age where everything slowly comes up and is robust and the market levels out like NASDAQ and S&P. As for everything being tied to BTC...I doubt the future is really great for BTC. Yes it was the genesis (and owed its credit) and its still got some time to mature some still, but its a dinosaur and if the growth of  computers and internet is any indicator, dinosaurs die or at least get put out to pasture...just ask Packard Bell, Compuserve, Compaq, Tigerdirect, AOL, NetZero, MySpace, Napster.... all once giants, now just footnotes in history.

Only those with experience and patience will survive to this massive correction. The graphs of the last 4 years show us that this is a common thing and for about a month they will stay in red. The biggest mistake for now is to sell. If you let youreself driven by panic the best advice i`ve read is to stay away from charts for a month or two and after that watch the profit grow.
Some people will sure lose some money but this correction will also atract more investors who are looking for a small price entry point and this will be a good thing in the long therm.