Why major correction happen in bitcoin

minersday

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Quote from: mc.craigsvictor on January 20, 2018, 04:19:52 PM

cryptocurrencies will be a good thing. After the reset, bitcoin and other quality cryptocurrencies will jump even higher. what do think any specefic reason plz mention .

It has already happened.. Bitcoin went from $19,500 (The all Time High) to less than $9000 during the last few days, do you really think that it was not a correction?

It took more than 20 days to have that correction done, but it took place.

So no, for me, that correction is over now and the price will go up during the next few days (with no exception)

So let's wait to see how does it goes.

ryan2018

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Major corrections will certainly happen in any currency or commodity, because we live in a country and the country may be issuing policies that make it turbulent to the world. Bitcoin for some governments is thought to threaten the country's economic stability, causing many investors to panic and withdraw their funds and eventually a correction of bitcoin Cheesy

crytomusica

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Quote from: strickland on January 20, 2018, 04:40:38 PM

Quote from: ?? on ??

It's not certain that they'll reach new all time highs. The correction happened partly because of the futures expiring close to that day, and with all the FUD going on with South Korea and Asia. The market is still about $100 million short of what they were a month ago so we'll see what happens.

The price is going to get a whole bunch of pumps when the customers find that the price right now is nothing.

I'm not sure about that. Little recovery started already but correction may come a bit later maybe in a week or so. The reason is the major bitcoin holders are accumulating their position before the pump I believe.

welljo0108

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Quote from: mc.craigsvictor on January 20, 2018, 04:19:52 PM

cryptocurrencies will be a good thing. After the reset, bitcoin and other quality cryptocurrencies will jump even higher. what do think any specefic reason plz mention .

the quality of bitcoin can be changes it can be happen anytime we must be updated when we spent the bitcoin and when we save it.

777asianinvasian

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If you ask me I would say the market already reset and Bitcoin already did its correcting. Now I think we have a bright timeline ahead of us, namely cause of what Lightning Network will bring but also because there are many other stellar upgrades planned for Bitcoin Core which makes me super excited Grin

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Pimk500

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Like with every market correction happens, due to rise in value of a stock/currency/whatever, at some point people will cash out, if it will lead to drop in value more people will cash out because they will be in fear that they will loose money... snowballeffect until it drops to a certain 'psychologic point' where people are willing to pay an certain amount for the stock/curency or whatever... so correction are normal and due to the psychology of humans. How faster something will rise how bigger the correction i believe.

strickland

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Quote from: ?? on ??

It's not certain that they'll reach new all time highs. The correction happened partly because of the futures expiring close to that day, and with all the FUD going on with South Korea and Asia. The market is still about $100 million short of what they were a month ago so we'll see what happens.

The price is going to get a whole bunch of pumps when the customers find that the price right now is nothing.

Baofeng

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Quote from: mc.craigsvictor on January 20, 2018, 04:19:52 PM

cryptocurrencies will be a good thing. After the reset, bitcoin and other quality cryptocurrencies will jump even higher. what do think any specefic reason plz mention .

You will find that stock market as well goes to a major price correction and not just in crypto currency. The only reason I can think of is the false news that pollutes the ecosystem. This kind of negativity affects investors, influencing them to sell and then others followed, causing a domino effect, crashing the market.

But it has good effect as well, because we have been given a good opportunity to get in while the price is at a discount. That's why you will hear a lot of people saying "healthy price correction".

mc.craigsvictor

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cryptocurrencies will be a good thing. After the reset, bitcoin and other quality cryptocurrencies will jump even higher. what do think any specefic reason plz mention .

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