Bitcoin Forum

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

I think at some pricepoints a ton of capital would go in. Lowest might be $8000-$10000 already. If Bitcoin even will go under $10k ever again. But nobody can know this. Yes it COULD be $5000 again, it could also be $15000 next week...... but it does look like its staying above $10k now.

Bitcoin is the most volatile currency. Due to its limited supply and growing demand its movements cannot predicted nor be controlled. in one month it has it has raised from $7382 to $11587 i.e. almost 57.2%. So, if any currency can show such a rise in such a short period it can fall with the same pace. Continuous buying and continuous selling patters are not good for the health of any currency. Currency traders earns money from the speculation. They buy on every fall and sell on every rise. So correction is necessary. 50% correction in bitcoin will be a great opportunity for its traders/investors.
 

Never could it be 50% at the stage of publicity and market cap.

It cool go less but never lesser than 8k$, I predict

As a price correction due to the huge increase in price, I think 50% would be too much but not impossible; probably 20-30% decrease would be more realistic in my opinion. A 50% decrease in price isn't impossible though. It's only going to take a huge FUD spree or one huge FUD issue to decrease the price in half.

I say 20-30% would be the lowest that bitcoin price can get. Bitcoin has already gained trust from most investors, that a minor dip would mean a perfect buying time for them. Although I would agree that it isn't impossible to happen but for me its less likely. Yesterday, I saw the price going below $11K and I thought that this is the correction that we all have been waiting for, but look what happens, investors quickly jump on the opportunity and "panic buying" occurred pushing the price above 11K again.

Bitcoin is crypto currency which has high fluctuation.
With the high fluctuation it can reach -50% or +50% and its normal.
But looking in strong up of bitcoin o dont think bitcoin can be -50% but most likely +50% very soon.

I would say a 90% correction is more than 50% likely.

50% correction is certain happens generally on a yearly basis. Heck we have 20% swings in a day

That's what I think. I think we've seen a huge change in how people think about the price since a few years ago. People aren't as ready to smash the sell button when it drops a bit, instead there's more people with the mentality that just makes them buy more. Add that to the huge institutional money coming in and honestly, bar huge technical issues or more dissent in the ranks like we had with 2x, I don't see those kinds of drops happening anymore.

I don't think so for me the correction is around 15% - 20% but not lower than that. Well if this thing happen we should be more happy because we can still buy more bitcoin that we can use in the future. Bitcoin will always bounce back I believe.

From the way it has moved in the past few months, I don't think so. The moment it goes -2K, people are gonna go crazy and buy to make it go +4K in the next week.
It has moved like this this year.
So I think now its gonna stay above the 10K line quite consistently, there may be a dip but that won't stay for long.

Well bitcoin had a correction of about 25% back in September 2017 due to the FUD created by the Chinese clamping down on the exchanges.  So to your question, yes bitcoin can have a 50% correction if there is serious negative news that will cause FUD but then again there are buyers waiting on the sidelines waiting for bitcoin value to fall, if it does people rush in and buy it all up sending the price back high up once again.

Reducing the cost bitcoin by 50 percent is unlikely, but it is possible. There have already come examples when bitkoyn from the cost of 1,000 dollars dropped to $ 250, which was 75 percent. Thus, the volatility of the crypto currency is so high that such a correction is possible. It seems to me that sometime in February we will see something like this with correction bitkoyna.

Yes, of course it can.

The last crash occurred back in 2014, we went from $1,000+ to just under $200 in a few months. And we stayed at $200 for longer than it took to get there.

We can absolutely have a 50% drop. All it takes is some bad news or another negative development. The market pundits are right, this is a bubble, what they don't have right is that they call it a bitcoin bubble. It's not a bitcoin bubble, it's a cryptocurrency bubble. Bitcoin will be one of the survivors.

The important thing is that you make a decision, for yourself, if you believe in the fundamentals of the future of Bitcoin (or any other coin). That's how you need to start your decision making.

I think that the correction of 50% is likely and this is not anything strange in the last six months I've seen several corrections to 40%, so what prevents to go to 50%?

Correction is a most awaited thing now but in any case, I am not expecting 50% correction because now institutional investors have joined the game and pouring the capital which is making Bitcoin stronger day by day and even if they exit suddenly, there will be maximum 30% fall in the price and it will make the investors buy further Bitcoins during the dip. Thus, I believe that correction is on the way but it won't hit 50% level even in the panic selling scenario.

No it won't be right to has a 50% correction, if the correction is that big then Bitcoin is on danger state, for alt coin dropping down 50% is a common thing but for Bitcoin it is extraordinary, because Bitcoin is implemented in a lot of sectors so it supposed can't drop down that hard

When should we see  the correction? Assuming one is coming

No it won't be all in all correct to has a half redress, if the remedy is that enormous then Bitcoin is on threat state, for alt coin dropping down half is a typical thing however for Bitcoin it is exceptional, because now bitcoin reach to very high level places and it will be so hard such a big fall and it will never possible again to fall rate  to 50% down.

I don't think price correction will occur so the price maybe stabilize between $11K and $12K for some period of time,this price rise was surprised everyone,because everyone speaking that it will reach $10K on some days beofre but now it looks like $15K is possible by the end of 2017.I fthat price reaches to $15K beofre this year then there may be a price correction will occur.

One thing I have learned from the time I have been around this crazy technology is to expect the impossible. We have seen a price increase from $1000+ to close to $12 000 in a very short time. This year, we saw a increase of more than 800% in the price.

One thing is certain, the price will correct at some time. It might not be this month or even for the next year, but something will trigger a mini dump and depending on what that might be, will determine the size of the dump. ^hmmmmm^

Bitcoin is way off from correction, why dont you use your head and stop asking people for advice.  I did that before with ETH and lost thousands doing that. 

Sure it is possible, bitcoin had done it many times in the past. But for the long term it will rise.

The ones who do a minidump are gonna kick themselves when they do, because there are people who gonna buy there dump coins and btc will continue to rise.  Again seems no one is thinking about the rate where we cant duplicate bitcoins.

A correction of 50% is difficult but not impossible because in the crytpo world, its safe to say nothing is impossible but at the same time, we cannot ascribe the whole of the increase in price to pump and when that should fail, other reasons that have contributed to the increase in the first place, are expected to hold fort for the price not to fall as low as 50% pending things might pick up again.

Bitcoin bubble would burst sooner or later. 50% correction is very much possible. It would happen in the beginning of 2018.

Bitcoin is an extremely volatile financial instrument. Therefore, there is always a possibility of its correction by 50 percent or even more.
We must always be ready for this event. To protect it, you should always withdraw a part of profit. And another part reinvest when BTC rate drop down.

Well 50% correction is possible in case there's a thing like that happened in china a few days ago :3 that might be a good chance to invest though.

Anything is possible with Bitcoin and that's the beauty of it. Investors would die for such an opportunity to buy in a damn low market as 50% of it's current price and then wait a few weeks to make more than 100% profit :)

Yes, 50% correction is possible, why not? But i think it's unlikely. If the correction occurs, it will not go lower than 8000$. I expect once the futures start to trade, price will go way up. So correction will happen at some later point in time. But this is all pure speculation. What might be the problem is the fact that the regular investors and hedge funds which will most likely be investing into btc are used to the more stable assets - how will they react to the bitcoin's volatility is still unknown. This might increase swings.

Not impossible, but very unlikely. The volatility is decreasing compared to the previous years, there will be a lot of buyers at lower levels. However, 20% can happen anytime, within a single day. There was something like that on November 30th.

I think we will have a large ABC correction (Elliott) and bitcoin will fall to$5000.

Everybody is now crazy about Bitcoin and it can increase its value now and then, but of course it will depend on the peoples fear if it can go down as much as that.

A correction became mandatory with the fast growth of bitcoin price and it will happen sooner or later.
But a 50% correction is too high and can't be accepted. I think it will be a small correction and can't be that severe.
Many bitcoin users started to believe that Bitcoin is auto regulating which is a strange thought but all facts confirm it.
Despite the continuous forks and attacks bitcoin always find a way to recover without any technical intervention.

50% will be too much a correction. Unless there are fuds and bad news going on, otherwise I don’t think we will see such big correction. IMO,  a 20% to 30% correction is more realistic.

50% drop is not called a correction. it is called a massive dump and will most probably have some sort of HUGE FUD with it at the same time. otherwise there is no way a 50% drop can happen with everything that is going on about bitcoin these days.

all these years people were saying where is the mainstream adoption, and now that it is here you are in denial thinking price should fall just because you don't understand the rise.

This is bitcoin, everything is possible! although a 50% drop in price( $6k a bitcoin) is unlikely. i think price will go down to $8k-8.5k, then continue going up!

op move this thread to speculation.

I don't believed correction to 50% is realistic because the movement of the price bitcoin always defies technical analysis unlike forex trading.
In spot trading  technical tools like Fibonacci analysis, Gann analysis which can accurately predict 50% price retracement may not work in cryptocurrencies.

I don't believe it will do 50% correction, however, I'm pretty sure it can easily get back to ~$9k before boosting back up and breaking its own record.

It is absolutely possible. There will be again days, where people think "bitcoin is dead", usually these are the best buying opportunities. I already can her the voices that compare Bitcoin with Myspace.

The CME reportedly will build in shock breakers for Bitcoin Futures that limits the daily change to 20%. I don't know if they'll be able to prevent a correction of 50% spread over several days or weeks though.

Everything is always possible with Bitcoin but I don't think this will happen now. Don't see any factors that could influence Bitcoin price in such negative way at this moment. Correction will happen eventualy and it's not excluded that it might happen by the end of the year but I don't expect to be in such extent and 50% would almost represent crash not just correction. But after every correction Bitcoin price recovers soon and on long term I'm not worried about the price.

No one can be sure for this. Trading crypto currencies is playing game with high risk. We have to accept it :o :o

Who told you this? LOL. This will not happen. Correction might be 1%-10% only as of bitcoins POV right now. Not 50% that is highly unrealistic to say. Be more on the realistic side of bitcoin. Don't assume that big dip might take place.

50% is not a correction. It is something greater. If somethink fundamental happens, than yes - 50% possible. For example, Bitfinex and Tether scam. But I personally don't expect this. I think we will see 15k+ in expectation of CME launch future on btc.

Correction in bitcoin price would be there but I doubt about 50%. I don't think bitcoin will fall so much but yes correction in price would be surely there

it could go less, but not that much i think.
btw, have anyone heard about my time coin?

With the current stuff we can see it never goes back to $ 5000 and maybe it will not dump  under $ 10,000.

It is absolutely possible and there was already precedent I believe in 2013/14 if I recall correctly. The Chinese govermentt through Bank of China outlawed Bitcoin as a means of payment. At the time, Bitcoin was above $1000 and used by Baidu for a massive amount of transactions. Immediately after the ban, Bitcoin nosedived more than 50%... languishing in the hundreds dollar values for years.

When I entered properly in 2016, the 1000 mark was a huge barrier to break, and break it Bitcoin did eventually in 2017... well the rest is history as we are living it.

Took so long to restore confidence after MtGox, Silk Road, the China ban, but just goes to show how vulnerable Bitcoin was and still is.

I would like the bitcoin to return to $ 5000 as this is a value that most people can afford and own.

i heard it's a blockchain that turns time to cryptocurrency

No, if Bitcoin correction will take place it will be much smaller than 50%. If we take John McAfee price predictions into account (he was right about 2017 BTC price) then by 2020 half million dollar price will be impossible to achieve with 50% corrections all time. BTW John McAfee a few days ago changed his statement about Bitcoin price prediction in the 2020 year and now he says it will be 1 million dollars for 1 BTC.

Hi,

It is hard to say how the correction will happen...
I personnally think that 50% would be too much... I mean, we all know that the volatility of the bitcoin can be an issue but it is also a caracteristic of the crypto-currencies so you cannot just "erase" it. For many people, such volatility is their core business

What I find striking is that, we all say "well now it is very high, it is gonna fall soon" and actually... it does not!  ;)

This person very strongly believes that bitcoin will become too expensive. I believe too. And it seems to me that correction can now occur by 20 percent. Bitcoin is now very strong and everyone supports this coin

That could be possible.  Anyways no one can predict the price of bitcoin.  If the right term for that is correction it is possible because the price of bitcoin is volatile.  It goes up and down without us knowing what would be its next price.  As to its current price right now, it is possible that it will still have a higher price before this year ends.  And by next year hopefully it continue to rise again.

even 50% correction happen bitcoin is so expensive (6,000$ was so expensive at 2017/7).

it’s hard to happen because huge demand.

I honestly do not believe BTC will go lower than -25% of its present value. Not at least in the next year. Maybe I am too optimistic, but I believe it will keep its steep growth.

If it starts falling people would probably start to buy a lot and make the price go up again before it reaches all the way down to 5k.

anything is possible and with bitcoin drops like that are possible and it has happened to near that amount of drop too in the past. something around 40-42% if i am not mistaken, ignoring the 2013 fake Mt Gox pump.

but the thing is, right now there are a lot of people who would want to buy bitcoin and they are waiting to jump on board. that means if price drops even a little, they will start buying, if it drops more, then more will buy. 40% is usually when everyone is on a buying frenzy.

I think you should expect around 30% correction when one is occuring.

With growing numbers of bitcoin investors, it really affect the growth of bitcoin market price. And it could be possible to have any corrections in the coming days but having 50% corrections is to much. I think everyone should be positive as corrections happen will in favor to the community and not destroying the image.

I don't see it happenings soon, because the attention to Bitcoin is exponentially growing every day. I don't think this increase of attention will suddenly stop, the only thing that could possibly slow it down is if a influential person or company would publish strong evidence that there is something wrong with Bitcoin. But I don't think that is going to happen as Bitcoin is very well build and nonsense wouldn't damage Bitcoin too much, like J.P. Morgan did.

50% is too much)20-30% is more possible

I wish, but it would only happens if major governments will ban crypto or if aliens attack Earth ) But I hope for slight price correction, want to buy little bit more of bitcoins.

A correction that big is really possible in any market, especially in a very volatile market with no visible fundamentals of the investments such as the case of cryptocurrency.
Having said such,it all depends on the sentiment of the market on whether greed or fear will dominate.

I believe about 20% is possible now. But i dont see the correction any time soon. Maybe in few weeks when BTC is going to hit 15K hard.

I checked the chart. In 2013 the highest price was about $1300. In 2015 it was below $200. You're right, the 2013 chart is crazy. At the beginning of November 2013 the price was $200, at the end of the same month it was $1200. +500% in 30 days.

Everything is constantly conceivable with Bitcoin however I don't think this will happen now. Try not to perceive any components that could impact Bitcoin cost in such negative path right now. Amendment will happen eventualy and it's not avoided that it may occur before the year's over yet I don't hope to be in such degree and half would nearly speak to crash not simply redress. In any case, after each adjustment Bitcoin value recoups soon and on long haul I'm not stressed over the cost.

Hi,

You are asking for a forecast about a possible correction in an unexpected situation regarding a currency with no reliable economic model, is that right? (I don't say that bitcoin is not reliable, just that economists don't fully understand it and its carateristics yet)

How do you expect us to come up with such thing?

I doubt there will be such a correction. It would make no good I think.. But who knows? Did anybody knew about btc reaching the current rates? Nope! 'Cause we cannot make accurate forecasts on such matter!  ;)

I don't think that a correction that leads bitcoin to less than 8k dollars because it's simply a line that can't be down crossed again by bitcoin especially after it spread all around the world and people have known , adopted and believed in it !
So bitcoin has made such a progress and scored achievements to a point it can't go backwards any more .

It is not a correction but called a dump of holders or a fluctuation that is caused by some FUD that end up people believing in it.
I believe that could happen. As new investors will come who dont know what happened in the past. Those inexperience one will have a probability to panic and dump it causing a big waves and we might be washed with it making a larger loss in bitcoin value.

I think a 50% of decrease in bitcoin's price is possible but not likely to happen anytime soon. Most investors have just started from $10k level and more will continue to invest. If ever the downfall of bitcoin's price to 50% happen, there will be a lot of people who will grab this opportunity to buy at a discounted price and accumulate more bitcoins.

I think the price rise which we are seeing in bitcoin this time is supported by corresponding market cap. If you see the doubling in price since last two months have been connected with the market cap. The market cap too has doubled to reach around 180 Billion USD. I am not really seeing any correction until the forks are over. Moreover 50% is just way too much.

Did that correction happened last week? I'm expecting that it will be bullish now up to $15,000 at the end of the year. And by that time, the correction that you are expecting is about to come. I don't wanna say that 50% correction can't happen but it can and I can't give a chance or any percentage on it's possibility to happen. The same correction can come like when we reached $11,000 it went back to $8,600.

Totally agree, it has grown too much and being worth the half of its current price would be ridiculous, however it could go down to 10k at least, with the upcoming events this month it will be higher and higher, it would not surprise me if it would be damn 20k and january, bitcoin is not something one can predict, specially on short term.

Anything is possible in crypto-world.
But still I don't think it will happen....seeing the trend and popularity i am not even expecting the correction to $10,000 in near future. I feel $10000 is the strong base for BTC for now. BTC Market cap is increasing day by day so new users are entering in this market or old players are investing more. In both cases, faith and popularity increases, hence acceptability inc. So no chance of 50% down.

with bitcoin, every time there is a hint of a correction its never hits the floor and is scooped up by hungry buyers. Even when there is a $1000 correction you see a lot of panic threads started yet within a couple of days the bulls eat it up.
The only predictable thing about bitcoin is its unpredictability. Just hodl is my advice.

Anything can happen in bitcoin especially now that it became so much active in the market. Bitcoin continue to fluctuates either it go up or down but if ever a correction takes place I am confident the value will end up with a more appreciative value that investors would love. can't wait to see bitcoin reaching $15000 soon.

I think it's hard to think bitcoin will be more than 50% correction if you look at the bitcoin movement and the moment that will happen with bitcoin.  many of forks makes bitcoin prices rise too fast, not impossible for correction, but it will happen even though it will not drop 50% .. if I predict it will probably drop from 15-25%. difficult to correction to 50%...

Due to the fact that the mainstream population is now starting to jump onto the bandwagon, the volatility of Bitcoin is higher than ever. Although the price is continually rising, I do believe a massive correction is on the way. I believe it will come to around the $7000 range, mainly because the mainstream population that is getting involved are not fully informed about the volatility of the market. Now the correction could be ways away.. maybe the price will keep raising until the end of December.. but be on the lookout for a correction. A continual increase is not good for the market anyway..but I just hope that the newer players of the market do not freak out about the fall and stay away from Bitcoin afterwards if/when it happens.

In the last month bitkoyn increased in price by more than 50 percent. This increase in its value is more than unusual. However, for a crypto currency with its large volatility, this seems to be a common occurrence. Since in such a short period bitkoyn increased by more than 50 percent, then with the same success, theoretically, it may fall in price. However, I do not think that in the near future we will be corrected bitcoak as much as 50 percent. Most likely, such a correction will be about 20 - 40 percent. It will happen about the month of February.

I think that the price is just going to continue upwards. A lot of people want Bitcoin to be $20,000 per coin.

Before $10,000 Bitcoin was an oddity, but ever since crossing the $10,000 barrier it seems Bitcoin has opened everybody's eyes about its potential. Maybe $10,000 was also the point after which corrections don't exist anymore. 

Yes, now it's possible. The price of bitcoin rose today by 30%. This is very much. I'm already scared to think that the correction will be very cruel. Some investors already record profits and go from bitcoin to dollar

I have gave up of my speculations now, after the recent surge in price and it clearly makes the statement that anything is possible in Bitcoin. You want 50% correction it may also happen but may take time, how much time ? That is really hard to speculate, but one thing is assured Bitcoin is highly volatile and unsuitability over the couple of months has increased subsequently. People are expecting a bubble burst situation in the coming days and if that happens then it may correct up to 50% pushing value again between 7k-8k USD.

Yup this is what users should take note off when considering that a correction is bound to happen due to the inappropriate usage of Bitcoin, causing it to fall steeply over time. With its increase in such a fast phase over a short period, people tend to get excited and depend on their emotions when dealing with Bitcoin. The 50% correction or even higher is a big possibility especially now that more people are attracted with this currency. Hopefully, they know how secure Bitcoin is that when a decline is happening, they won't let go that easily.

Maybe,but I do not think that such a big correction can occur,the price has skyrocketed considerably due to several reasons,although on the other hand I must admit that yes,BTC is highly volatile.

Even bitcoin has big fluctuations difference it won’t be that huge, the price now is 16800$ per bitcoin and if 50% is possible 8400$ approximately and that won’t happen but that just my opinion. It will hold up to 10000$ as the lowest but that just my opinion. I or anyone can be wrong but it always be subjective to oneself and what have he experienced so far from the movement of bitcoin in his presence.

Things are so extreme these days that I don't doubt anymore to see a big increasement in price like that. Usually when the year is ending BTC is rising. When you wrote this post BTC was pricing $16800, now it's back to $17878 again. The price keeps going up although the little dumps, let's see how farther BTC can reach on this nice sequence. I would say everything is possible now, so keep alert.  :D

50% would be a stretch IMO, but yes a major price correction is coming. Best case scenario is that 10k will be the floor but it can go lower than that, once people start panic selling they aren't going to stop soon.

There will be a correction but I don't see that it is going to happen this year. Christmas is the event where all people are spending a lot of their own money so that is why we still see lot of money that are still coming on the crypto market.

Crypto market is a magic world - here everything is possible, even the 50% correction of Bitcoin. However, I hope it will not happen.

50%? I'd say no way in the short run, the markets are way too bullish for that huge of a correction.

But when the inevitable crash does happen then it can easily go under 50% of whatever bitcoin's value is at the peak of the bubble for sure. The 2013 bubble ended with the price troughing as low as 10-20% of its peak value, actually. And even though i don't think BTC will crash as much this time round, i think 50% could still happen.

Most likely thing when the big correction does come is first we go down under $10k. Then, we'll settle at around $8-9k before another adjustment. But we're still a long way from that imo.

A correction is when the price decrease by 10-15%, not more. When the price decrease by 50% it's not a correction but a crash, simple as that.

Now, yes a correction is surely going to happen in the next weeks (considering that finally, the price won't increase any more after losing ~$2,000)
Losing 50% value is also possible, if it happens with other cryptos why not with Bitcoin. However, i don't think it's something that could happen within a year.

This was the same when the price of Bitcoin rises from 2k to 5k . People started saying that Bitcoin will not go under 4k now , but the real fact was that Bitcoin was just going to fall below 3k and that was the point when everyone started thinking that Bitcoin is dead. Same is the case now. It's just growing and growing and similar can fall down. So we much be prepared and should take the correct decision at the time of decrease in prices.

Price correction won't take place to such an extent. This time the price has grown above $18000 and we haven't felt a big price down due to correction. The value seems to be fluctuating around the $15000 -  $16000 margin which might once again show potential growth shortly.