Ongoing Price Correction | Bitcointalksearch.org

jjdub7

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Quote from: romero121 on February 22, 2021, 10:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

Now as I write this post both coins are below the values you are asking. BTC is about $ 48K and ETH is $ 1.4K.
But I think such a correction in the market was expected and many analysts predicted it. But according to most of them, this correction will be a springboard for new higher rises in the price of Bitcoin.

Ludmilla_rose1995

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There is no bad news yet to turn the market bearish. I think this is just a normal market correction and we get a chance to buy at a cheap price. I am sure that a few days later the market will return to normal and even the bitcoin price will fly even higher and reach a new ATH again.

ubercool

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There is a FUD going on Twitter about Microstrategy selling their Bitcoins, but there is no official statement. The price is 48k right now and looks like going down more and more. The alts bleed total red in these types of situations which is a common thing. I don't know how XEM is still holding strong while everyone is nose-diving into the ground. Hopefully, we will see one or the other investors who were waiting before the correction to buy in the dip. Anything less than 50k price is definitely a great place to buy in my opinion.

cabron

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Feels bear market already. I've sold the very few I have I'm expecting the price to drop lower maybe $45K to get back up again. I hope its not too late for me. Its a gamble to face now, I think this time it will hit the bottom going to the oversold line. This correction will give an opportunity for the rest of us. The only good I see in this is that some altcoins stays good.

imstillthebest

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not bearish . you know when its bearish when the fall is strong and last for up to days but what happen was a normal correction because as you see the price return to 50k easily . nothing to worry because as soon as this correction was over we can now resume of breaking the 50k barrier and for etherium the 1500 wall are also going to be destroyed .

Quote from: tinopener on February 23, 2021, 02:50:09 AM

Probably because stock market fell today too.

but whats the connect . did stock market do also has thier own correction ?

tinopener

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Probably because stock market falling too.

Will be interesting to see which one pulls away first.

Wesleyeric

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Well this is nice but to me I don’t really look at the falling and the rising of Bitcoin because I do long term investment, I keep my coins for a reason and I don’t even watch that market until a period of time, But I will advise everyone look at the market and understand the chat flows of the market, at this point the demand of Bitcoin is really high because of the demand of Bitcoin and others fast growing crypto currency’s too.

Kakmakr

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The Bear trap was set and the weak hands panicked.... now the Fiat Giants are smiling, because they are buying cheaper coins at a much lower price. Grin

A lot of large companies has entered the market, so we should expect that there will be more volatility in the market now... these people are here to speculate and to make profits... so they will trigger a ripple affect if there are a large dip (dump) in the price. Angry

I think that is what was happening now... 1 large dump.. trigger a ripple affect. (The trading bots went into overdrive and signaled a crash)

panganib999

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Quote from: shield132 on February 22, 2021, 03:28:03 PM

No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

I thino and I believe this price correction will somehow manage to bounce back. A lot of traders and investors lost because of the massive dumps of coins. I think that it is definitely a big thing for all of us, I personally is one of the affected here. I think it is not possible to recover the lost but I believe to those who are most strategic and knows how to read chart. I think in that case we all know that we must be aware of this kind of phenomenon. If Elon Musk however make a crazy tweet, I will definitely TP in that scenario.

Golftech

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Quote from: shield132 on February 22, 2021, 03:28:03 PM

No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

Those facts are really affecting the price now, though there's no certain value it's very important
not to fall with mistakes that leads you to lose your investment, this correction needs to analyze.
Your Patience is very needed from this kind of market movement, one wrong move can make a huge
impacts to your investment strategy.

shield132

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No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

bittraffic

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Quote from: abel1337 on February 22, 2021, 02:53:39 PM

I am expecting the correction to come out anytime this month but it's sad that I forgot to put a buy order above the support lines and failed to catch the dip. With this current dip, I'm sure there are people who panic sold their bitcoins and altcoins that cost them a loss.

I also think that this correction isn't the start of a bearish market.

I hope not the bears yet. I have just invested in some coins and I'm hoping for a big return with it.

This price correction should just be a correction, there is more good news to actually make the price go up than just correction. Canadian ETF is just one, there should be more countries doing the same for this will bring a mass adoption and price break ATHs.

DarkDays

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Quote from: romero121 on February 22, 2021, 10:25:28 AM

Is the market has turned bearish, or it is just the regular price correction.

That's the questions that many are battling with right now. But I say as long as BTC is above 48K it is still fine.
This is why I think this is a normal market correction, and the reaction to millions of dollars being pulled out of the market.

https://www.bitcoincodeapp.com/lp?k=qc5f3&i=2dnf&utm=93a4bb61-de54-4c81-8618-d721268012cf&utm2=l24304

abel1337

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I am expecting the correction to come out anytime this month but it's sad that I forgot to put a buy order above the support lines and failed to catch the dip. With this current dip, I'm sure there are people who panic sold their bitcoins and altcoins that cost them a loss.

I also think that this correction isn't the start of a bearish market.

Coyster

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Quote from: cryptozanga on February 22, 2021, 02:31:42 PM

This is not even close of the correction we will have in the next few months, i think the crash will be even stronger than 2018, the difference is that now the new Bitcoin lower price will be above 15-20k.

Tbh, this basically looks like you're just circulating FUD, what makes you think there'll be a crash/plunge worst that the previous ones, don't get me wrong, I'm not saying there is no possibility of that happening, but with the latest 'events' going on in the network, one being the influx of institutional Investors, as well as public endorsements from prominent individuals, chances are high Bitcoin has gotten over it's 'spike and plunge' syndrome, and is rapidly reaching out to become a 'global market'.

Imo, this is no more than just a price correction, I'd not fret over it. There will be a high level of FUD now that Bitcoin is above 50k, small corrections and people will be forced to sell and take their ROI, but such people do not believe in the network.

CoinFoxs

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Don’t be so quick in making decision about bitcoin’s price, it’s a part of game the price drops as it grows so wait for another milestone bitcoin price will make another achievement by breaking all time high price. Ethereum will stay at 1700-1750$ for few days then cross 2000$ For sure.

cryptozanga

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Quote from: romero121 on February 22, 2021, 10:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

This is not even close of the correction we will have in the next few months, i think the crash will be even stronger than 2018, the difference is that now the new Bitcoin lower price will be above 15-20k.

Bitcoinislife09

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Quote from: romero121 on February 22, 2021, 10:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

I think it's possible but the bottom price was probably 45k$ and maybe even lower but it happened every time its a correction and after that easily we could expect the market price to pump again for sure. I think a lot of investors are on a panic sell because of the very fast price drop in the market. The demand was still solid so don't sell your holding in a bad position always make sure you make a profit. Ethereum was also close to 1500$ in the market so I think its a going to be deep probably the best time to buy or invest.

Daryl_Dixon

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This is a price correction.
If you have been following this market in the past years, you will see that price correction has always existed and the market decreases after an upward trend, and this is one of the features of Bitcoin.
Also, when Bitcoin declines during this period, the way is open for prices to rise and we should expect higher prices as well, just like 2018.

Hobo66

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dont sell and buy the dips. its that easy
I hope you can get back in. Losing 10% is not a big deal. there are huge gains to be made if you hodl
the difference between a paper loss and a paper profit is just a bit of time - maybe a few days or weeks, If its a few months that is still very short compared to the stock market
come back im, the waters fine

Topic: Ongoing Price Correction (Read 296 times)