Market Correction | Bitcointalksearch.org

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Quote from: bettercrypto on March 06, 2024, 04:07:25 AM

Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

That's the problem of those investors who carried away from the hype; they are buying assets or entering into a trade without thinking or considering what might happen in a few days. I get it. In the bitcoin market, maybe there is a chance of it increasing more as bull runs are not around, then it's better to buy assets than do a trade because if you enter into a trade at a price hike, then if the price drips because of a slight correction or other circumstances,. You will be in trouble and also lose your trade in money, so this should be a lesson that you shouldn't just believe and carry away in hype without even thinking or analysing. Because that is the most common mistake that every investor makes,think before you engage in any trade or investment, or else you will learn it the hard way. Now that the market is more unpredictable, we should always take precautions.

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Quote from: armanda90 on March 06, 2024, 06:38:53 AM

Quote from: tygeade on March 06, 2024, 01:18:33 AM

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

When we do speak about the market then this is something that cant really be predicted on which there would really be those price crashes or correction on which we cant be having a market that would really be having that kind of movement upwards like forever. Just like been said by others that what comes up must come down. You wont really be able to have that panic on the time that you do already have that awareness on how this market behaves or simply having the experience towards this in regard. We do know that this isnt something that we can be able to know and this is why we do have those tools and indicators on which we can make use at least.

Although it wont really be something an assurance or to be precise for you to make use but at least you do have the idea about those probabilities. Just make yourself that get prepared with those corrections.
Instead on making yourself panic with those drops, it would be wise and better that you should be seeing this to be an opportunity for you to buy cheap and make profits
when the market comes back up.

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Quote from: tygeade on March 06, 2024, 01:18:33 AM

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

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Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

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Quote from: kentrolla on March 05, 2024, 08:53:17 AM

Quote from: adpinbr on March 05, 2024, 12:15:23 AM

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

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Quote from: shawonngp on March 05, 2024, 12:42:49 PM

Quote from: boyptc on March 05, 2024, 06:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Just like now, there's a flash crash. People again showed their true nature as if the market didn't came from $50kish level for Bitcoin and now from ATH of $69k, down to $61k. Still in a panic? don't be!

Quote from: MFahad on March 05, 2024, 01:10:04 PM

Quote from: boyptc on March 05, 2024, 06:41:55 AM

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

The correction has came and that's a normal thing and expected moment to come. So that's like a correction of $7k-$8k after hitting the peak again.

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Quote from: kingvirtus09 on March 05, 2024, 02:10:39 PM

In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

It wont really be called a market if it wouldnt really be having a correction or something that we can call those price drops. Market doesnt really work on having that a single path movement of price on which
neither going up or down. We should really be putting up into our minds that what comes up must goes down and this is something that a trader must realize because if you cant or you do think
always about the positive then you are really just that putting up yourself on great frustration on the time that market would really be having that correction.

This is why it would really be that just normal that to those people who are able to buy when market corrects are the ones who would really be making those profits or money, compared into
those who did buy when the market pumps and having that god green candle or simply getting FOMO are the ones who would really be caught by the dump.
You would really be able to experience those mistakes in real situation if you do have this kind of approach.

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In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

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Quote from: shawonngp on March 05, 2024, 12:42:49 PM

Quote from: boyptc on March 05, 2024, 06:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Then you should opt for holding rather than trading. A lot is happening in the market and if you are not such that is deeply rooted in it to know what is actually happening, panic may set in, and before you know it, you might have made decisions that you will regret. Trading is technical, that's why we should be technical with it as well, we should always learn the behaviour of the market in every situation we see, so that we can be appropriate and not base our decisions on emotion or our instinct. The two had made me lost/missed bitterly in the past as the case may be, but now, I give the decision-making power entirely to my trading chart and not what I feel would happen or how I feel it would happen.

As traders, we should learn and know the difference between the trend, the retracement/correction, the range, the channelling/sideways market and so on. In every one of these conditions, any trader can make a mistake, but if we are well-informed, clever and patient with our analysis and decision-making, we will surely get to know what the market is actually resorting to doing instead of liquidating when we should not. Also, the use of stop loss is good to avoid mistakes like this and this must be smartly placed after enough analysis to avoid mistakes.

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Quote from: boyptc on March 05, 2024, 06:41:55 AM

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

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Quote from: boyptc on March 05, 2024, 06:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

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Quote from: adpinbr on March 05, 2024, 12:15:23 AM

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

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Quote from: adpinbr on March 05, 2024, 12:15:23 AM

I sold some bitcoin that day, so what happened usually happens.

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

Quote from: adpinbr on March 05, 2024, 12:15:23 AM

It is something that you really don’t need to panic or you have to do is to stay calm.

I agree.

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

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Quote from: stadus on December 19, 2023, 05:26:46 PM

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

By investment with own money, not from any loan, we will have better psychology and can make better decision for holding or taking profit. With our own money and long term plan, we will not worry that we must to find a peak to take profit in one market cycle. We possibly will have better psychology for holding as we can easily accept that we miss peak of this market bull run and move onward with a next bull run, next four years.

It's not bad to take profit partially to enjoy profit and make our life better but by fear of missing the peak, chance to take profit but also fear of missing higher highs, better chances, we need to take profit partially and gradually with time.

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy.

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Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

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Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

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Yes, I thought it was a bit strange that day, where I thought my analysis was good enough to be ready to open a position but it turned out the market was moving in the opposite direction. I think this has something to do with the price of bitcoin which tends to be unstable. It's a good idea in the next few days until the new year to continue to focus only on Bitcoin in trading, this reduces the possibility of us being liquidated. On average, those who were liquid were those of us who were trading in altcoins at that time. I think if we trade with bitcoin it is much more accurate, especially since bitcoin is unstable, sometimes it rises significantly and also falls more quickly.

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Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

What details are you actually trying to find?
How they do lost up those trades?
How much they have lost?

Usually these liquidation reports would really be just be seen on some news or notifications on which this is usually be posted up specially into those crypto related news site.
Is this something new? No its not but rather it is really just that a normal thing which liquidations of those positions whether long or short could happen.Why?
This market is unpredictable and with some unexpected events like black swans and regulation issues would really make out those sudden shifts on which
it would really be messing up someones positions even no matter how good it is.

We can call it a market if we do speak about these movements on which there would really be corrections on which you should expect that these are the primary things
on which you would really be able to encounter once you would really be able to touch up this space.

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Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Bitcoin is a popular name. Bitcoin's popularity is increasing day by day. So I think there is no need for Bitcoin correction. Bitcoin will reach its peak of success at its own pace. Bitcoin is a risk. So when we trade in Bitcoin we must be careful to trade in Bitcoin. Bitcoin is risky, so if we want to trade Bitcoin, we must trade Bitcoin with that risk.

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Quote from: R100K-Martin-Lunger on December 15, 2023, 03:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

In fact, every time a correction occurs, many positions are always liquidated. It amazes me how people place trades with liquidation positions so close. What amazes me is that many of those liquidated are worth hundreds of thousands of dollars or more. But this is something I have become accustomed to seeing. Especially when there are announcements of economic events such as the FOMC meeting and so on. At that time, it is common for us to see the candle become like a syringe that flies quickly and then falls quickly too. Which is like targeting the closest and largest liquidation positions. Because when all large positions have been liquidated, the market will calm down again. This has become a habit in today's market.
If you want to see and get notification at telegram every large liquidated position use this. (BinanceLiquidations)

Topic: Market Correction (Read 376 times)