Bitcoin Forum

the market cap grew very rapidly after August 1, do you guys think the market will correct itself like it did the last time?

Well alts are all down today - I expect it is because BTC hit $3500, and altcoin holders are selling to get bitcoin so they can then cashout into fiat at the high rates.

There won't be a sustained rise in alts till new money flows into crypto.

i think that after august 1, this is just a beginning for coin market and i think that we wont see market correction that fast..
maybe bitcoin drop a little under 3000 or 3100, but then will that money flows into alt with high tech and potential like STRATIS, WAVES, XEM and etc..

To be honest: Please dont come now. HODL.

We have to make ourself stronger now, next year (many) bankers may come here and also next coming year.
They read chart and it may take time for them to come here.
I expected a market would need to cool down later prior the holiday (I dont mean by coreection).

The love is in the air now.
Dont let it go.
HODL.

I agree with that. It seems the bitcoin will be stronger in the near future. It is better to buy it now.

the "correction" that you are waiting for has been happening all along. it is never going to be a sharp vertical red line to the depth of abyss :D
instead it will be a rather fast drop at first when the bubbles burst then it will be a slow drop down to the normal prices as the bubbles continue to let out air, in other words as people sell and cash out and newbie-bag-holders give up on their dreams of becoming rich after buying on top.

also remember that market cap is always growing in the background as new coins (for existing coins) are mined and also new coins are created. it is an endless growth of supply!

Doesn't matter what we think. Frankly speaking it always unexpected for the most of us

Don't really think that there'll be a correction in this month. Guess what, the markets were already all red few weeks ago and it's now green for some moments. If there's always correction after the pump, I think that the whole markets will be doomed.
Bitcoin and ETH are now simply gaining its "real" value after being dumped hard before August. I'm myself pretty confident about it.

We already got a big market correction last month. Another correction will come eventually
but after a big rally.

Yeah this rally has not been as insane as the last rally, I still think we are in the semi early stages of this rally. I think Bitcoin needs to break $4,000 or higher first to get any sort of turn around - plus with the additions of new Asia focus projects such as NEO and OMG I think we are only just beginning to see the influx of Asian capital into the markets. Think about it, there is like what, 2 billion people in Japan, Thailand, and China? If each of them buys $10 USD worth of Crypto, that is $20 BILLION dollars added. Obvious it will be a far smaller percentage, but you get the picture.

I don't think we will see a massive correction before btc goes crazy again in the 5k level.
Also there was lots of unknowns before the 1st august, with the splits, now most of those unknowns are gone, so the sentiment is way better that prior to it, regarding btc

In my opinion the price of altcoin on market will recovery after Bitcoin price stable and not falldown under $3000 in this month.
Because if correction price of Bitcoin under $3000 will be have panic selling.

No, I don't think there will be crash or correction, bitcoin came to the price that it deserves and other coins faced some correction and now market is good.

This current crypto rally is only couple of weeks old so has plenty of room to go higher  before any correction.

Human mind always believed that there is a power greater than it and it seck to worship that and that is whys the wisest man that ever lived said “God has created eternity in man heart” religion will never disappear from humanity because of this desired. Though it has done more harm than good.

I'm still thinking that market cap is rising too rapidly, alot of new people are coming like the last time and someone has to take advantage of it

We had a very strong correction in the weeks before aug1st. But the longer this correction lasted, the more the hope grow for a new bullish trend, which covered up more and more the uncertainties.
In my opinion, the knot is bursting at the moment.
We are in the early stage of a new period of rising with upcoming new heights. Many new people are standing in the row for entering the market.
But because this is the www and more and more people coming in, these uptrend won't last as long as former uptrends. We are talking too fast and too much about crashes and corrections, and we are connected in real-time. We are flooded with informations, until we believe them. This makes the waves of the market higher and faster, because uncertainties can get spread faster than ever over the market.
Fasten your seatbelts.
In the middle of october at the latest, the uncertainties of the BTC fork will cover up the hope for the uptrend, and at this moment the uptrend will have reached that heights, which will heat up the discussions about an upcoming bubble-burst. We will be more and more nervous. Our hands will weaken.
And then:
BAMM!!!
We will get, what we believe in:
Bullshit again.

A correction is coming, it always does. The only question is when. I expected it to happen already to be honest. Completely missed this time. But when it does I think BTC will hold $3000 mark, that's the new low.

Yes, market cap is continuously pumping and it is attracting masses around the globe. It is kind of good for the market that market cap is increasing and if the investors are rushing towards the crypto market, this will ultimately make the market more stable. Obviously some lucky investors will take advantage of all this.

There is so much talk about bitcoin > $5000. I dont think we will see much resistance before it hit $4800. And alts will most likely continue down if that is the case.

I think there will be correction happening in lot of altcoins till the end of summer.
But I don't think bitcoin needs correction at all, it just implemented new tech, it means rise and not speculative one.

 but don't you guys think that it's growing way too fast?

I never should have bought Alts. I'm down many bitcoins now. I would have been way ahead just leaving it all in bitcoin. Alts getting slaughtered vs bitcoin ;(

I have been waiting for it to come down.
May be it is about time. 8)

agree, everyone have been talking about bitcoin is going to reach 5k$ before the end of 2017, but it seems we might see it reach 5k before end of September :o

Definitely new here. Relax man.. wow

There will be a correction at some point, be it now or later. Brace yourselves for it, I expect a lot of whinging and regret from bed-wetters, forgetting how well the price has been doing lately.

The correction will come pretty soon, give it max 3 weeks and you'll see.

Bitcoin is going up because that's the place where it should be. The network is achieving new levels of security and stability. However, if Bitcoin reaches the mark of $ 5000 in a few days, I think we should be seeing a correction by the end of the week.

Personally, I think price of bitcoin will not be able to reach $ 5,000 before the end of September, it has reached the value of more than $ 4,000 after a period of accumulation, so I have many reasons believing it will need more time to accumulate and reach higher values. In the coming time, the price of bitcoin will decrease and altcoin will rise again, this is the best adjustment if bitcoin wants to reach $ 5000

The price of the alt coin seems stable with respect to fiat.
Only when the btc will bubble there would be an inversion imho.
I will keep buying for good.

Yes very likely bitcoin has almost doubled itself and still altcoins continue to increase, market correction may be really big.

That’s so sad you replaced bitcoins with altcoins. Bitcoins are the most cherished digital currency so it was so absurd to give up on bitcoins just for little altcoins. They are just kids as compared to bitcoins. Now just keep an eye on bitcoins to buy them again at cheap rate and next time try to be very careful and smart with your bitcoins.

Other traders have a completely different view of altcoins and the way they could be exploited.
Perhaps you might not have a working strategy at the moment. Keep on working on it so you can recoup some losses.
Good luck

AXA a "sponsor" of Segwit world leading insurance company will trow the money to BTC now.

Alts always will exist and will continue uptrend with Bitcoin. Especialy some intresting projects which trying to deliver something new to the stage.


BTC dominance according Coinmarketcap is 49,8%.
Exactly the same as week before. That means Alts are growing too.

BTC capitalisation now is close to PayPal 69 vs 70


My prediction ,big correction will come around the end of september,october.

Also I am not sure if there will be sell the news event on Bitcoin Segwit?

Correction on prices would really come soon and its really a normal thing to happen on cryptocurrencies on which its price do go up with the hype and now on bitcoin it increases on insane prices already and i do strongly believe it would correct its price anytime soon that is why we should be wise on when to sell on the exact time when the price tend to go back lower again.

Yes, I think correction is near. However, crypto is crazy, so we may see another shot up. I'd be happy to see a good correction so I can load up more good coins and then relax for another year or so , lol

Buying alts is the best way to make more bitcoins, othwise you have to buy them with real money. It's worked countless times before so you can't blame him for trying.
Wouldn't it be nice to buy something with 10 btc and have it worth 1000 btc a year or 2 later? this has occured dozens of times in the last 5 years.

There will be numerous corrections in both Bitcoin and altcoins on the way to much higher prices.
Unless you are a good trader, buying and holding bitcoin and some top altcoins will be a winning strategy in
this crypto bull market.

The market itself is correcting each week. Unless there is bad news about Bitcoin then no the bull will continue to run. Slow and steady growth. Remember it took about 8 yrs for Bitcoin to reach this level so that is actually quite a good rise.

hoping for not entire market correction, just btc and the crazily pumped alts like neo, omg, pay, dnt, and while that happens the coins that haven't yet recovered from july crash surges to new highs :prayerhands:

I think only BTC might correct and the alts will take the opposite direction hopefully? Since they have been correcting now all the time

but i think btc price has to drop down at some point because it grew very quickly, and in the past after very big spike came very big downfall

So i don't get it to be honest...BTC rises alts go down. Btc corrects alts go down again..? ??? ???

I think that is due to the lack of interest in the altcoin in general.

The correction is coming. One coin at the time.
Now, it is ripple time! What will be the next one?

I think the correciton applies to most altcoins. After the consolidation, most of them will rise again.

i want that the market would rise and go into bull again but it looks to me the correction will be stronger. btc to 2800/2600 than to 5k and above

Looks like correction already came to our knees. Even bitcoin cannot heal itself back up to $4000 dollars. This can last very longer and it can reach very low levels.