Will there be a correction? | Bitcointalksearch.org

coolcoinz

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Quote from: Reid on December 19, 2020, 06:41:26 AM

Yes.
They call it correction but sometimes you can just say it is a dump. Grin

Nothing is supposed to be corrected but someone needs to sell to make some profit.

It's just difficult to identify when it will be. It can happen slowly or in an instant.
Be careful on selling though, that correction might not happen so soon.

I always thought there's a difference between a dump and a correction. A correction is within a trend, while a crash or a dump is usually the end of a trend. For instance, in November we had a correction from 19 to 16k but it was all within a bullish trend. In 2019 when a bull run ended on 2014 and kept falling we had a crash or a dump.
The correction will happen for sure but I cannot say at which level. My first guess would be 25k but if we go to 26 then sky is the limit. It could hit 30, it could hit 50.

fishbonez11

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

Just like the previous event, we've seen how the price spike and showed sudden drop. As they say, History repeats it self. There is a hype happening, it will eventually be stable at some point. For every pump there is an equal pump, expect the worst. But who knows, Bitcoin is really gaining good publicity and adaptation from this past months, the pump might be real.

Reid

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Yes.
They call it correction but sometimes you can just say it is a dump. Grin

Nothing is supposed to be corrected but someone needs to sell to make some profit.

It's just difficult to identify when it will be. It can happen slowly or in an instant.
Be careful on selling though, that correction might not happen so soon.

masterrex

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

IMHO, I believe the correction in the market will follow shortly, But it will not harsh compared to 2018, by the way, thanks to institutional investors pouring some money into the market particularly in Bitcoin because if there's no new capital was poured into the market we will not see a hot and bullish market that we are experience now.

Leviathan.007

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In any market there is a price correction always. But the correction level depends on the market, sometimes, the price stabilizes after bull run and then it will do a correction near to 61.8 fibo level and in some others times will immediately do the correction without stabilize. Currently, there is a very high positive fundamental and technical reasons to say bitcoin will not see the prices lower than 17K anytime soon. Don't expect to buy bitcoin at 15K, at last not soon. People who are waiting to buy bitcoin at lower price on a correction right now, are the people who didn't buy bitcoin at 10K while waiting for a correction to 8K.

inanilujimi

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Quote from: Phantom Investor on December 19, 2020, 02:29:43 AM

Quote from: pooya87 on December 18, 2020, 11:52:29 PM

Obviously!

But the important thing that we can not predict is when and how much. If price continues rising and reaches for example $25k then the correction could be back to $22k, if it goes higher like $35k then the correction would be $30k but if it stops here ($23777) then the correction is what we already have (down to $22360) and anything lower than $21k-$22k would not be correction anymore.

Wait. The correction won’t drop to 19k-20k?

no one can be sure, while the price continues to fluctuate anything can happen, but after what bitcoin has gone through to get new ATH, it seems like in the near future this will not happen, now we have good momentum to move forward.

Phantom Investor

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Quote from: pooya87 on December 18, 2020, 11:52:29 PM

Obviously!

But the important thing that we can not predict is when and how much. If price continues rising and reaches for example $25k then the correction could be back to $22k, if it goes higher like $35k then the correction would be $30k but if it stops here ($23777) then the correction is what we already have (down to $22360) and anything lower than $21k-$22k would not be correction anymore.

Wait. The correction won’t drop to 19k-20k?

maydna

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The correction will come or perhaps, the correction is already happening yesterday and until now. I guess $22,400 is the lowest price yesterday because after the price reach it, the price was trying to increase, and now, we already saw the price can back to $23k, although the price now is back to go down again. But soon, I am sure the price will increase and break $24k and go to the next higher price. But besides that, there will be many fluctuations in the market, which can make traders panic.

carlisle1

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

correction always comes after a Great amount added in the market so expect that to happen soon ,But this year or the next is not that Bad than 2017-2018 because this time for sure that we will be having a correction and not a Dumping ,Majority of the Holders had already gain their target income last November Bull so there is no way that they will dump again now instead they will look for opportunity to re enter and re accumulate Bitcoin and pf course other alt that they will think may Give them good faith this coming 2021.

pooya87

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Obviously!

But the important thing that we can not predict is when and how much. If price continues rising and reaches for example $25k then the correction could be back to $22k, if it goes higher like $35k then the correction would be $30k but if it stops here ($23777) then the correction is what we already have (down to $22360) and anything lower than $21k-$22k would not be correction anymore.

Phantom Investor

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Quote from: ?? on ??

Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

How long have you been in bitcoin trading? We all know that when bitcoin pumped a price correction always occur before it will be in the run again to set another ATH. Bitcoin has been pumping this week a correction is necessary for bitcoin to pump even more. All traders and holders are waiting for the correction to buy.

Not long. Very recent.

Wexnident

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Always expect a correction whenever a pump occurs, it's a natural occurrence imo when it comes to the market. Just wait for that opportunity and who knows, you may be able to make a small profit off of that. The only problem here is really where it would correct itself, and for how low would it go, since when you're trading daily, those factors could easily influence the amount of profit you could get. This is also one of the reasons why trading is mostly risky, not to mention Bitcoin itself being a volatile asset

Also, might as well move this to Trading Discussion maybe?

pixie85

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It's a funny question because the market never goes only in one direction. Corrections are as sure to happen as a new day is sure to come tomorrow.

Your question OP should rather be about the level at which the correction will take place. In my opinion it will be now or we'll go up like crazy surpassing 25000.
It would be much healthier if we'd correct now and start a big rally next year than go +2000 up and then correct. Early correction are much weaker than those following a FOMO.

Phantom Investor

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Quote from: harizen on December 18, 2020, 04:33:40 PM

Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Crypto is volatile so obviously, yes. A correction every after a big wave is always expected to happen.

It can happen anytime, might be a surprise, and even as we speak.

Are you waiting for the right time to sell or you are considering making an entry but found the current price so high to get in?

I’m already in, but because of FOMO...yeah I know. My frustration has peaked. About 2.5 years, I told my mother to get into cryptocurrency because I was informed that it would be something unimaginably large in the future. Lo and behold...it’s happening starting to become a big deal. Now that I have my own money, I’ve been allocating it into crypto but I missed the opportunity in March which is why I’m frustrated. So, I’m waiting for a pull back so I can make my entry with a larger amount.

I know it’s not late right now...so I gotta jump in. Actually, it’s never late to join in...but getting in now is evidently better. A 500K bitcoin seems very plausible within the next 5 years. I’m also in a few alt coins too. XRP is bound to get back to $3 within the next 2 years. Ether is a must too. I’m thinking a few thousand in less than 5 years.

militiariko

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

There will always be a price correction in the crypto currency market; the question is when will the price really correct? To find out, you really need to do your own research and folllow the trade analysis of the trade pair you are focused on. I think with calmness, patience and ready capital; it will be easy to buy back from a correction.

harizen

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Crypto is volatile so obviously, yes. A correction every after a big wave is always expected to happen.

It can happen anytime, might be a surprise, and even as we speak.

Are you waiting for the right time to sell or you are considering making an entry but found the current price so high to get in?

Baofeng

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

Sooner or later a correction would happen, the price can't go on this parabolic rise. And history shows that is the case, so just enjoy the current ride and see where the top are. Maybe we can stop at $25k, who knows and then crash 30% down. But then again, this pullback might be healthy in the long run for us, as we might see a bounce back and reach another all time high again.

SATWAT

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We all know Bitcoin's nature is unpredictable so this can happen no one know when and how because its happen many times in past and its all about Whales those are controlling big share of bitcoin right now as they feel now they have enough they will start their magic and we will watch some massive fall in prices of bitcoin.

Renampun

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the market is like this often, when the bulls run then the bears await...
This is the reason why we always have to be prepared for market conditions because of the high volatility of the Bitcoin price. *if you are a trader you can profit from the possibility of bear market that will occur

cr1776

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Quote from: Phantom Investor on December 18, 2020, 03:03:20 PM

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

No one knows. The only thing that has been true that anytime anyone has bought or mined between Jan 2009 and December 17, 2020, they are ahead right now.

The long term trend has been up and with increased demand, decreased new supply, and more uses, that seems likely to continue.

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