Topic: What happen to bitcoin? Going down. a correction? (Read 456 times)
It is very difficult to predict the current Bitcoin price, some issues continue to attack mainly from Asian countries. I can not predict and speculate with the price. I opted out and watched as I was sure the storm was coming to an end.
Yes now bitcoin is on correction, but without correction growth, such laws of the market is impossible. Here wins against patient, it is worth waiting and everything will change
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
most of the coin going down. or just a correction.
This is just a correction. To be honest, I'm not even surprised. And i think this is just best for the crypto world. I even think that this is healthy and very needed after all that price hypes that happened on December last year. For me, This is a very good way to get rid of all those weak hearted panic sellers. Heck, I'd be more worried if this correction never really happened. So don't worry, this will pass. And the prices will eventually be back on track again sooner or later.
One reason because of market correction and it is normal. But the other reasons are the FUD news that are spreading. JP Morgan and Mike Bell tells something negative about Bitcoin that it is scam. Also, news about banning of crypto exchange on South Korea is affecting the market.
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
yes, this is a natural correction and recovery period. we know that bitcoin gets a massive blow at the end of 2017. and this has resulted in all altcoins also weakening. most of the coin going down. or just a correction.
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
bitcoin is unpredictable and that how it goes,the best thing out of it is the ability to coming up rapildly on top again most of the coin going down. or just a correction.
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
most of the coin going down. or just a correction.
This was due to South Korea leaving the crypto currencies world in which the Korean have no choice but to dump their coins or it will be no more value in their country as all of their local exchanges will be close down by their Prime Minister. But i think that's all of the Korean coins because market now is rising up so we can now move on without our Korean friends and i hope that you did not miss the opportunity to buy coins at the cheapest price.
This appears to be a correction which has happened in the past. Personally I am going to invest more at this reduced price.
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
In actual it is the impact of the negative news , one of mine friend who is better to know better better updates about the bitcoin and another crypto , was telling that in Korea the government banned the Bitcoin and ATM also and that leads into negative impact for the future of the bitcoin .most of the coin going down. or just a correction.
So here I think people will needed to think long time to control over the negative impact and negative toward the future , so may be it will take for 1-2 month to gain in the price of the bitcoin .
So now take the patience and wait until the price get up for the bitcoin and then do what you want with the increase in the price of the bitcoin .
Here I would like to suggest you that see this dump in price as a opportunity to invest more to get profit soon .
I think it's a normal phenomenon, and I'm sure it will return to normal after a while, so don't worry, hold it patiently.
it's like an annual cycle,
The annual cycle is underway at this time,
stay calm, as bitcoin prices will rise again
The annual cycle is underway at this time,
stay calm, as bitcoin prices will rise again
If you panic at every minor dip, then you are not built for Crypto currencies and you should rather invest in something that are
less volatile, with lower risk. Bitcoin is a LONG-TERM / HIGH RISK investment. Once you get that, you will laugh at the short
term volatility. Stop watching the price, because it will make you crazy.
Not for the fainthearted is the crypto world, you need to hang in there through all the dips unless you are brave enough to sell and then buy back when it gets lower, otherwise just holding is probably the best bet. less volatile, with lower risk. Bitcoin is a LONG-TERM / HIGH RISK investment. Once you get that, you will laugh at the short
term volatility. Stop watching the price, because it will make you crazy.
Bitcoin is not the only crypto currency that is currently going down, and I don’t believe this is a FUD related event making the market fall. Maybe it’s a bubble and it’s finally bursting.
It might be a correction as what others believe about why almost all cryptos goes down. South Korea's move to ban cryptocurrency market could also be the culprit behind this recent falldown of the cryptos in the cryptoworld.
I wrote an answer here on January 9th, but I was wrong. Now the situation is completely different. It is not a correction, it is a crash and maybe trend reversal. It still does not mean that bitcoin is going to die or stay below the previous ATH forever. I believe there will be another pump and another ATH, but probably not this year. Probably it is going to be a bear market for months.
For me that is a reason for the collapse of the bitcoin price. the loss of bitcoin in south korea probably affected the price of bitcoin due to the fact. one more likely to be frightened by the fact that investors are also afraid that they may invest in it.
In the economic market, nothing is stable including prices. It obeys the law of gravity,except the market forces were influenced by certain key players. This will not be forever.
What happen to bitcoin? going down.
most of the coin going down. or just a correction.
most of the coin going down. or just a correction.
Its a normal thing for bitcoin, way back then the sudden drop was always happening but actually regain it again after few weeks. This time, the drop is not actually because of the correction but because of the news spreading all around the forum and web. Due to Korea's attempt to ban crypto system, people made it panic and scared of their investment. This happens also when China did the same thing, but it actually regain its ever increasing value.
Today it's hard to determine what is the major factor causing bitcoin to go down. Too much FUD are spreading and we would not know which is real or not.
But the great pump last year too good to be true that is why we should not be surprised about it decreases drastically these days.
Let us just stay tuned and inform ourselves with real news that has real references and expect things to happen in the future.
But the great pump last year too good to be true that is why we should not be surprised about it decreases drastically these days.
Let us just stay tuned and inform ourselves with real news that has real references and expect things to happen in the future.
Right now it looks like a typical (for bitcoin) minor correction: drop from $17k to $14k and a quick bounce back to $15k.
Jump to: