small price correction after this bullrun

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

This is the risk of Investing in crypto specially Bitcoin that's Why there is a Word created specifically for this forum that says "HODL" and this support long term holding and not those you mentioned that Buying and selling .

Don't forget that Bitcoin is a currency and not a Asset or anything related, So if you Buy Bitcoin expect to use this in proper way and not just for your profiteering purpose.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

In general terms, the correction is not bad, it is natural and in this particular case in these times it is being very beneficial, in the short term Bitcoin may be oscillating between $ 52k and $ 58k, it is not bad, because there is a lot of incoming volume of negotiation, if we take into account the market we see that it is having a very fast recovery and the main candle is green, as indicated in this article:

Quote

The bulls have pushed the price above the moving averages today and they will now try to challenge the downtrend line and the overhead resistance at $58,966.53. A breakout of this resistance zone will clear the path for a possible retest of the all-time high at $64,849.27.

Source: https://cointelegraph.com/news/price-analysis-5-5-btc-eth-bnb-doge-xrp-ada-dot-ltc-bch-uni

You also have to see the market from the worst-case point of view, which, technical factors indicate that it may be in a bearish scenario that can reach $46k, you cannot put this possible scenario aside, for now caution is the best ally.

STT

legendary

Activity: 4102

Merit: 1454

Big recovery over the course of todays action for reasons Im not sure of but buyers came in. Whats clear is the price today and previously is closing very near to the 50 day average and its not certain we have beaten this measure which for most of this year to date has been the lows. Of course a moving average represents a momentum measure and invariably time and price catch up and meet and we have a resolution in some direction, so far Bitcoin has not decided which of the two paths it might take or if we are merely waiting a while before resuming similarly upwards. I always expect something dramatic like a move to the 200 day average which surprises some but on the other hand can also be considered somewhat inevitable, speculators always close out and go home again and we are back to the price that genuine users and long term holders determine and base price vs froth will be lower.
I also find 57374 is a weekly closing price of significance and again we close to that so I'd expect some velocity when crossing the border here in order to properly leave it behind.

nurilham

sr. member

Activity: 1498

Merit: 443

It is difficult to predict how far the correction on BTC or altcoins prices after the bullrun. Moreover, this is still ongoing. There will be always a market correction in every rise of the price. But, how dip or how high of the price may not really be predicted.
And here, we may not be panic with that kind of market correction. This is really normal to happen.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: tygeade on May 04, 2021, 12:29:01 PM

Quote from: k@suy on May 04, 2021, 08:49:50 AM

As far as I remember the bull run by the end of 2017 was ended as the year 2018 enter like around mid january and the dropped of exchange rate of cryptocoin continued. But what we have encounter in today bull run was a strong resistance of crypto market between a price correction. So small price correction after bull run was inevitable and expected.

Yeah, compared to 2017's bull run, in 2021 we are having less volatile markets as exchanges are showing healthy volume regularly. When more people are participating then obviously we will have steady markets but at the same time, we cannot predict when a whale will start think about manipulating markets for their benefits.

It's because the number of traders grew as well in the current bullish cycle. So we are safe to say that we can't compare the bullish phase we have in 2017 in today's run.

Quote from: tygeade on May 04, 2021, 12:29:01 PM

But, people are predicting less-powered whales in coming days as we are having lots of new investors on board. It means whales and their manipulation may go diminishing over the time which will get stable yet rising bitcoin markets somehow.

Because whales are also getting smarter, they are not going to make a bold move to make some noise in this healthy bull run that we have. They will continue to accumulate, and not going to put their huge money in exchanges.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Fredomago on May 04, 2021, 01:04:48 PM

Quote from: k@suy on May 04, 2021, 08:49:50 AM

Quote from: Kittygalore on May 03, 2021, 12:02:23 AM

The only difference from the 2017-2018 bullrun is that it ended around mid-January and the prices started bobbing up and down at that point. And there are more institutional investors in the 2020-2021 bullrun which means that there is more money being invested in the market.

The bull run during 2017-2018 was too far different from the bull run we have right now starting at the end of the year 2020-up to present. As far as I remember the bull run by the end of 2017 was ended as the year 2018 enter like around mid january and the dropped of exchange rate of cryptocoin continued. But what we have encounter in today bull run was a strong resistance of crypto market between a price correction. So small price correction after bull run was inevitable and expected.

There are lots of institutional investors and those personalities who showed up and start putting their money are bringing more new
players around this market, they are helping this industry in terms of invested money, with more and more to follow that last time
bull market will be forgotten and this new one will attract more people to invest as well.

Though we needed to be more extracareful as with institutional investors they are good in playing with investors emotions, they can shake a little and bring some artificial downfall, always assess before making any move with your assets.

Big players would always be having the advantage in talks of that manipulative aspect on the entire market.So you shouldnt cross out the probabilities of some huge sell off

or some Fud that would be created because this is how those big fellas do play the game for them to benefit out or maximize their potential profits when the community do really mainly react on it.

Always secure out your profits once you had gained but if you do mind for long term then this wont really be that much of an issue.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: k@suy on May 04, 2021, 08:49:50 AM

Quote from: Kittygalore on May 03, 2021, 12:02:23 AM

The only difference from the 2017-2018 bullrun is that it ended around mid-January and the prices started bobbing up and down at that point. And there are more institutional investors in the 2020-2021 bullrun which means that there is more money being invested in the market.

The bull run during 2017-2018 was too far different from the bull run we have right now starting at the end of the year 2020-up to present. As far as I remember the bull run by the end of 2017 was ended as the year 2018 enter like around mid january and the dropped of exchange rate of cryptocoin continued. But what we have encounter in today bull run was a strong resistance of crypto market between a price correction. So small price correction after bull run was inevitable and expected.

There are lots of institutional investors and those personalities who showed up and start putting their money are bringing more new
players around this market, they are helping this industry in terms of invested money, with more and more to follow that last time
bull market will be forgotten and this new one will attract more people to invest as well.

Though we needed to be more extracareful as with institutional investors they are good in playing with investors emotions, they can shake a little and bring some artificial downfall, always assess before making any move with your assets.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: k@suy on May 04, 2021, 08:49:50 AM

As far as I remember the bull run by the end of 2017 was ended as the year 2018 enter like around mid january and the dropped of exchange rate of cryptocoin continued. But what we have encounter in today bull run was a strong resistance of crypto market between a price correction. So small price correction after bull run was inevitable and expected.

Yeah, compared to 2017's bull run, in 2021 we are having less volatile markets as exchanges are showing healthy volume regularly. When more people are participating then obviously we will have steady markets but at the same time, we cannot predict when a whale will start think about manipulating markets for their benefits.

But, people are predicting less-powered whales in coming days as we are having lots of new investors on board. It means whales and their manipulation may go diminishing over the time which will get stable yet rising bitcoin markets somehow.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: Kittygalore on May 03, 2021, 12:02:23 AM

The only difference from the 2017-2018 bullrun is that it ended around mid-January and the prices started bobbing up and down at that point. And there are more institutional investors in the 2020-2021 bullrun which means that there is more money being invested in the market.

The bull run during 2017-2018 was too far different from the bull run we have right now starting at the end of the year 2020-up to present. As far as I remember the bull run by the end of 2017 was ended as the year 2018 enter like around mid january and the dropped of exchange rate of cryptocoin continued. But what we have encounter in today bull run was a strong resistance of crypto market between a price correction. So small price correction after bull run was inevitable and expected.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: Twinscoin2017 on May 02, 2021, 09:53:56 PM

2017 bullrun is different from the the present bullrun there are a big difference in price and in market situation, but i believe that there is always a correction, correction is normal so i believe that there will be a correction after this bullrun. I also believe that many people are waiting for that correction to buy some coin to hold for profit.

But honestly I'm not seeing any big differences between 2017 bull run and the current one:
2017's bull run was based on then ATH of $1200.
2021's bull run is based on previous cycle's ATH of $20k.
There might be slight changes in rate of increase on monthly basis but we can ignore that (as we cannot expect exact repeating of bull run).

Moreover, the current bull run is seeming more stronger than what we had in 2017 and 2013 which might mean we are going to see new ATH beyond our speculations. Because, a stronger bull down will lead to stronger FOMO which means higher or high may occur as final ATH.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: Twinscoin2017 on May 02, 2021, 09:53:56 PM

2017 bullrun is different from the the present bullrun there are a big difference in price and in market situation, but i believe that there is always a correction, correction is normal so i believe that there will be a correction after this bullrun. I also believe that many people are waiting for that correction to buy some coin to hold for profit.

The only difference from the 2017-2018 bullrun is that it ended around mid-January and the prices started bobbing up and down at that point. And there are more institutional investors in the 2020-2021 bullrun which means that there is more money being invested in the market.

Twinscoin2017

sr. member

Activity: 1009

Merit: 328

2017 bullrun is different from the the present bullrun there are a big difference in price and in market situation, but i believe that there is always a correction, correction is normal so i believe that there will be a correction after this bullrun. I also believe that many people are waiting for that correction to buy some coin to hold for profit.

rahmatrf331

member

Activity: 588

Merit: 12

https://i.imgur.com/3fXQC4m.png

Quote from: hugeblack on April 11, 2021, 02:23:52 PM

Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

The huge money that was invested was when the price was less than 30 thousand dollars. These investors know what they are doing and when to do so, so they make profit when they want to buy and not sell.
Bitcoin will return to a 50% to 80% correction to ensure that it stabilizes the higher levels of the price.

a scenario like this costs to influence small investors to increase their larger purchasing power. big players will make this issue an opportunity to get a big profit. We must be careful to understand the right thing, so as not to make the wrong decision to buy bitcoin in large quantities.

ice098

hero member

Activity: 1498

Merit: 586

Quote from: ?? on ??

I'm also think something like this one, what happens if the 2017 case is not repeated?? In 2017 institution is not joining, but now is different, Bitcoin stronger than past and so many institutions join with huge money. If they did not sell it what happens?? No huge correction I think

But I have a target and my target at end of this year, I will sell my asset for my real life maybe will huge sell, no matter what happens next I will not regret my decision

For me the essence of history repeat itself doesn't make sense in my own conclusion especially to the bitcoin market today. Small price corrections is inevitable and yet the bull run wasn't end. But the sudden price correction like what happen after the new ATH of bitcoin from $66k to $49k was indeed a big difference and it is alarming because of the gap but then the bitcoin market shows again the step by step moving of market price from $49k and now to $54k. So this shows that bitcoin was stronger than before, much more appreciated today than before.

rhodelmabanal

full member

Activity: 1140

Merit: 103

Buzz App - Spin wheel, farm rewards

Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

I also notice that the bitcoin bullrun this time is really amazing it looks like after the rising of the pice there is a small correction and price rise back again and it will become higher than the price before correction happened,this was the sign that bitcoin will maybe reach 100k$ at the end o 2021, these was really an amazing bull run.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: DeathAngel on April 11, 2021, 01:41:14 PM

You would expect institutional buyers to have stronger hands but who knows.

The big holders wont sell, they will hedge which brings in middle men to trade these contracts for difference and all kinds of varied instruments that pay out on any lower price action. Its happening all the time in stocks and many assets and imo here too is likely; its why its really not feasible to outlaw the idea of short selling because its a natural process similar to insurance perhaps and a short is always a future buy.

We're passing the two day average and the lower section of negative pricing, weekend action is subdued but it could be the stage set for greater moves during the working week where positive action may gain traction or we fail to hold and process further down having confirmed with volume this is not a price area in demand. My main measure is weekly average but we have halted the rate of descent to near stand still.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

The correction may not be so small, because it is already more than 25% of what many have been expecting, but many believe that investors are buying in the fall, others say that it will continue to fall, and there may be room for speculation that there is investment entering the market and they have entered with massive "Shorts" to buy as cheaply as possible.

Quote

Commenting on that was popular cryptocurrency trader and analyst, Bitcoin Master, who said that “if this is still a dip, bitcoin should be pulling back up really soon, otherwise it is definitely a change in pattern.”

Source: https://cryptopotato.com/fear-and-greed-bitcoin-price-should-spike-up-soon-if-history-repeats-itself/

If this works in that new investors are entering with "Shorts" I think that when they are closed the price of Bitcoin will have a rebound to new ATH.

Rengga Jati

hero member

Activity: 2142

Merit: 670

Hire Bitcointalk Camp. Manager @ r7promotions.com

Everyone has a guess, speculation, and their own predictions to Bitcoin prices both at bullish and bearish, as well as the market correction price. However, they will never be 100% right or wrong. Because this really hasn't happened.
And related to a market correction, every normal increase requires a market correction to test the rate. However, this certainly depends on the market at that time and also the news related to Bitcoin itself.

And here is our chance not to be panic when there is a market correction. We may lose some money, but if we hold it, we can get higher again after a little bit of holding. But stay, keep watching the market codnition.

chikading2016

member

Activity: 949

Merit: 48

I see bitcoin is now stronger than the past, last bullrun happens in year 2017 and repeat today we are now in bullish season and if we are going to look on the bitcoin price from the last bullrun year 2017 and compair it today we can saw a big difference, I think it is all because bitcoin is now becoming more stronger so i think the price of bitcoin will never drop big digit this time.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

I absolutely agree.

Don't expect there to be a huge correction for you to get into the market any time soon. And even when it occurs, it is very likely that you won't even see that big of a dip simply for how strong institutional demand has been.

The difference between institutional demand and retail demand is that the former is less prone to short term irrationality. They trade on algorithms and stringent protocols and are more likely to hold for the long run than to panic sell in a bear market - which has historically been the cause of the -70-90% bear cycles.

Topic: small price correction after this bullrun (Read 723 times)