Bitcoin Forum

Would there be a big correction happening in the near future, to shake out those weak coins ???

Nobody knows.
Wild swings are everywhere all the time.
Buy something you think has value, hold till you're happy with the profit, and sell :)

Now that the market has started to make a big adjustment, bitcoin is down nearly 100% from $20,000.
Other altcoins have fallen even more, and if the bear market comes, I think most of them will die.

That's the gamble you take buying altcoins. If you buy now and bitcoin recovers you could get big wins, but it's risky. Altcoins are cheaper because nobody knows which way bitcoin's going to go. I daren't guess if the correction will continue.

End of Feb if the past 3 years have anything to say about it.

2017 - drop Jan 4th, back up Feb 17th
2016 - drop Jan 10th, back up Feb 20th
2015 - drop Jan 12th, back up Mar 3rd

The market is very over evaluated. Coins dont have much utility right now, and most of these ICO's are shit. We will see a correction for sure.

I think the market correction is almost over, Bitcoin had great support at the 10,000 level and climbed after slipping below for a short time. There are some great prospect altcoins that are weathering the decline with style not everything is red day after day at the moment so pick the upcoming stars and you will do fine.

The bubble of the whole market is a little big,needs to be squeezed!
I love the correction,even a little big too.
But the correction is healthy to the whole market.
After the correction,there will be a bigger bull market,I believe that!

If the situation is so, then the market will recover in February or March later. I also believe that this is the right time if you want to buy back to add future assets.

We don't know, we can't tell it perfectly on what exactly going to happen but we can speculate base on the scenario's where are we right now.

Seen this comparison through a chart and it's likely history is repeating itself. The first wave that happened before the first contract of bitcoin futures closed and I assume it's the big correction for this year if not, the big correction that chanpinchen is saying can probably shake out not only those weak coins but the whole crypto market.

I am sad because I am pessimistic about the future development of the market. The reason is simple. You know, the heads of states in all countries have been eyeing the blockchain. On the one hand, they want to get the most out of the blockchain technology. On the other hand, they want to forbid BTC and various altcoin to a great extent The deal.

If there is a correction it will afect all coins not just the weak ones even tho i agree that there are a lot of usseles coins.Many are beliving that there will be one more correction that will push bitcoin under 8k$ but with the amount of tether being pushed out noone can really tell you what will happen

I personally love the corrections. I always forget each year and get caught off guard, but I take advantage of the bottom and double down on these big dips. Its counter intuitive, but ive been around this world since 2011, and the dips are the time to buy, not sell. Other than investing insome BAD ICOs Ive never lost money on crypto. Sure I sold too early on some stuff back in 2014, but we should look at the corrections as gifts to cost average down and strengthen our positions.

Also we have a ton of money that is itching to enter the market and cant. Bittrex, Kraken, Poloniex etc all closed off new registrations in early Dec. I have tons of friends wanting to get in and cannot. they are currently buying on ebay at 2x the price! We will see a surge as the infrastructure catches up and that new money hits the market. Plus Chinese New year will be over Feb 18 (?) and a lot of that money will flow back in.

1 its the underpinning to a new secure internet and blockchain isnt going away.
2 every top brain in tech, finance, and industry is implementing it (walmart, amazon, bank of america, visa, etc)
3 you cannot regulate a decentralized currency, especially when a vendor will give you a product for it without ever needing to convert to fiat.
4 governements may not be able to easily tax the decentralized nature of it, but they can tax all the companies building apps running on the blockchain and thats where the money really is.
5 blockchain can secure criminal history, credit history, birth and social security records, medial records, etc...the US government is already looking into adopting it heavily.
6 the stock market and SEC has allowed futures trading on it, and NASDAQ invest 75MM in Kraken

it aint going away - its the future of everything we know.

Well those corrections on market are pretty normal for the market is to be healthy. It's a healthy correction for the market to be more stable and we have nothing to worry about. Just don't open/check any exchanges and delete our blockfolio app for us to be not shaken off lol. Just kidding aside. Maybe 3-5 years from now those shitcoins will be shaken off and those who are realy have strong funda will stay.

To be honest no one knows exactly when the price will recover.But when we turn back the history there is downfall in the price at the early stages of every year.So maybe it is repeating in this year also if that case then the price will recover in the first quarter of 2018.So buy more coins as you can and enjoy more profits when the price bumps. :)

Expect correction every now and then. Crypto in general is volatile - and it is absolute truth that it is always possible for your investments to go to 0 without notice, for the foreseeable future, until most govt bodies approve the concept. So, whenever you can, take out your original investment, and ride/play the rest.

As the others say, no one knows. Anyone who pretends to know how it goes is just adding his/her own interpretion after it happens.

Better must be correction than strong shut down. I have no idea why bitcoin still not growth above 12k after good news about LN.

it is time to buy worth coins to invest. Once the market green, take a step to make profit. It is good time to make profit when the jump and down is very high. I think if you watch the market it is great time to invest.

I have also observed it last year when I thought bitcoin went down on January after a good pump on December (2016) and then it started to rise in the mid-February up to how it was on December (2017). Nothing new. Just another opportunity to fill our bags.

Market correction can happen anytime and this is one way that we can avoid the so-called BIG BUBBLE from happening or the collapse of the whole cryptocurrency market. Correction can be painful though specially for people who are hodling on to their coins or tokens but it is just a matter of waiting eventually things can get better...assuming that we are not really dealing with shitcoins in the first place. A project with a good concept that is really providing solutions to some real world problems and manned by people who know what they are doing will always go up sometimes it is just a matter of time. Yes, this is partly done by the market to wipe out those shitcoins that are offering no real value to the market and are just here to make some money via pump-and-dump technique.

Get some Tums and Valium -  its a rollercoaster of a ride, but solid coin choices have always made me money. Resist the urge to sell low as the market is eviscerated and dont buy as something skyrockets, instead buy the ones you think are solid when the market is plummeting and sell 1/2 when it goes up 50% or more and you will do well. I siphoned off my principle a few years back and I'm playing with profit only at this point.

I also siphoned off profits to buy mining gear so no my profit is generating profit exponentially.

Deal with it, big correction might going to happen really soon, just be ready to buy some bitcoins and altcoins on a big dip to make another ฿฿ . Swinging of value is not yet over as of now. Keep holding your coins and believe in your instinct :)

Correction on the crypto market can happen anytime since there are so many scammers that offer coins without real value. Having a market correction is basically healthy in the crypto world.

this is very difficult in guessing but now a very appropriate time to buy invest in the future the market will jump high again there you will get to the advantage

I have some analysts and graphic commentators as i'm follow them and they say that will end of correction soon. And they say the price rise in Bitcoin will start. Unfortunately nobody can tell the exact time so i'm buying altcoin little by little.

Very informative statement as what you have posted, correction in blockchain is any time just to avoid as what we called bubbled coins.
That is one factor that coins and tokens are in dipping in consmarketcap that's why they are having some correction that it will affect on us as a holder because of dipping in crypto's. But that is the good news of new investors while dipping of all coins time to stored in your portfolio while it is cheap on the market.
Well, i don't have any idea in big correction happening we all don't know about that but only speculations they have.

I do not think that we need to be surprised that there is a market correction, because only recently bitcoin cost 20.000 $, this correction is only the result of pumping money. I think big here and there's nothing to say. In addition, to just wait and nowhere to wet

Excellent observation guys and the primary reason behind this is most likely the Chinese New Year since many Chinese would want to sell their coins to buy gifts and celebrate the festivities. I feel that bitcoin and all other altcoins will start rallying again sometime in the middle of february just like the previous years and there might be an even bigger rally which will help bitcoin reach a new ATH by April 2018. This is simply my gut feeling speaking and am hoping that these rallies truly happen in the near future. HODLING my bitcoins and altcoins for now!

This is unpredictable thing and now price already is down. And I guess now is good chance to buy altcoins with a little packages.

I still think at present there will be more bargain in the price if Bitcoin and ether of course much more bargain will exist with other Altcoin.  And in the future the play of volatility will still be there.  So get use to this.

And is it now a small correction? Bitcoin lost 2 times of its price. Although, there is an opportunity to go even deeper. This is unpredictable, you can only analyze and draw conclusions based on your analysis. I'm slowly buying coins, with every drawdown.

Seems like the whole market stands in a big bubble position, there are more then 150 coins that worth over 100M$,there is simply no reason that it will happen.

I think that there is a big price fix to come, even coins like Ripple who worth over 80B$ should fix it's market cap, as there are much more coins in total then amount of coins in circulation.

I assume that bitcoin is the only coin that is not in a bubble mode because it's pricr has been fixed recently.

I believe bitcoin will start to uptrend once again so for it's time to invest as much as I can.
Some people will afraid with current situation but personally I recommend on to keep HOLD & HOLD

it seems to me that a big correction is yet to come. So now I advise not to buy altcoins, and wait a bit. If the price of bitcoin will fall, then the price of altcoins will also fall. If the price of bitcoin will sharply fly up, the altcoins will sharply fall to the bottom.

What makes you think that there is another third market correction to come?
I mean the first one was a fud news by china/korea and now todays corrections
I really dont know why but why should there be a 3rd correction this year??
And also why would other altcoins drop when btc prices fly up?
As btc is the mother of all cryptos every coin even eth is kind of dependant
And relying on btc and its value

If only we knew which way market is gonna go... I guess if you are willing to hold upto a year, you should make a decent profit out of your investment. Also, stay glued to the news  :-\

The short answer is nobody knows - everyone is just working on guesswork, it's just that some people make better and more informed guesses than others.
I think we are seeing relative stability at the moment, this will probably persist for a while and then back to bull market. At least I hope!

I don’t think we can know that in such advance time. There is no way we can get the date. We get to know about the market correction in really short period of time and sometimes it keeps going on and then we come to know about it. ;-)

However, there will be market correction surely. The recent one was in the December so it is hard to say when the next one will come. Once the market will reach to ATH then usually we see the market correction. For now we are already in the deep sleep and need sometime to capture the good position.

We had a major correction very recently. Now most of the experienced speculators are buying at low prices driving the market up again, new investors are expected to enter again. I think we are about to see a long and stable period of growth. That is until some good or bad news provoke an explosion upwards or downwards.

The problem is that you cannot predict when will some change in course happen since the market is very quickly reacting to hype and fud. But otherwise I see nothing but an uptrend in 2018. with minor FUD corrections.

2018. is expected to bring: more safety,  more user-friendly exchanges, top 25 coins improving their wallets, surge of coins coming from NEO, Waves end other platforms offering similar protocols like ERC20, acceptance of Bitcoin as payment instruments on more trading sites, more traditional investors joining in,  more clear regulations near the end of the year, with that also some famous companies joining the wagon near the end of the year seeing a clear opportunity to get extra investments through ICO's instead of, or besides, traditional stock market etc.

No correction will happen after you buy it now, Just the right calculation that is able to correct your luck and be happy instantly.
all turned into a sea of ​​red but only temporarily after that the green ocean will re-emerge.

No one can say for sure. Too many people are waiting for bitcoin to dip to 8000USD and have fiat ready to buy that dip. Market makers in my opinion would not like to take so many people along to the moon. So maybe we don't get to see the 8k or price, or the unthinkable happens, bitcoin goes below 3k and everyone dumps in panic. Anything is possible as of now.

A big drop in January have been the trend for the past years, so my guess is that come February/March the prices will go up. So just be patient, and hopefully I'm right ;D

I think this correction will over till end of February  and all altcoins will hit new all time high in next 2-3 months. In my thought some big whales and funds wanted to buy good altcoins ar cheap levels so they dumped the market with bad news of korea ban of crypto  And if you want to be safe then you can buy here 60% of your capital and remaining buy at small deep.

The correction has already happened, that was last weeks clearout!
it will happen again but I dont think BTC will be going too far below
$8000/9000. what we have now is the usual volatility and the value will
go back up and will come down and will go back up again thats the
nature of unregulated crypto.

This is not helpful because if these records are true then we will expect bitcoin will continue to fall down until Feb 15 because many holders will sell than to hold because anyway it will rise up on Jan 16-17. Better you never published this such kind of data as for me it will really attract sellers than holders as it encourage us to sell today and buy on or before this first quarter would end.

Correction already happened, most people have refill some good project, so i think the price and marketcap will go up soon.

I think the correction had been happening, the price had not able to recover and now we had been seeing "red market" for a few days now. I hope we can see improvements before the end of this week.

What do you mean big correction? Last December BTC were at 20k and now dropped down to 10K. Don't you think this was a big correction aready? I'm sure lots of investors were shaken out already.
It doesn't mean the end of drop thou. There is a possibility of decline to 8k USD before it turns into green again, but who knows this?

The recent correction is coming to the end. So I think bull cycle is coming soon but may be it won't already be so aggressive. It's gonna be the season of altcoins and long-term investments

Only those with experience and patience will survive to this massive correction. The graphs of the last 4 years show us that this is a common thing and for about a month they will stay in red. The biggest mistake for now is to sell. If you let youreself driven by panic the best advice i`ve read is to stay away from charts for a month or two and after that watch the profit grow.
Some people will sure lose some money but this correction will also atract more investors who are looking for a small price entry point and this will be a good thing in the long therm.

Because there has to be a 3rd market correction to have a 4th. Ive been in this game since 2011...its volatile, you have to lose 50% (and HODL) to gain 100%, look at the charts year after year. We had a painful start in the beginning, but its finally here to stay and actually pretty reliable/predictable. No one has a crystal ball for sure, but the trends are there just like there are trends to watch in the stock market. One thing is for sure, this year the rules have changed now that wall street and is involved. Wall street is adapting their market strategies to how crypto swings, and now we (oldschool cryptos) are having to deal with new market strategy as the status quo is changing. Later this year as infrastructure and application catches up, and when grandma can buy and trade her 401k in altcoins using her iphone, we will enter the golden age of Crypto. But right now wallstreet and new inexperienced traders have swarmed the trading platforms  and we need the dust to settle. The reality is there is always a growing period for this type of stuff...the gold rush phase (which we are in now), the dot com bubble (which is a few years out...think of this as 1991 right now not 1998), and then the industrial/golden age where everything slowly comes up and is robust and the market levels out like NASDAQ and S&P. As for everything being tied to BTC...I doubt the future is really great for BTC. Yes it was the genesis (and owed its credit) and its still got some time to mature some still, but its a dinosaur and if the growth of  computers and internet is any indicator, dinosaurs die or at least get put out to pasture...just ask Packard Bell, Compuserve, Compaq, Tigerdirect, AOL, NetZero, MySpace, Napster.... all once giants, now just footnotes in history.

Big time correction is now happening in cryptoworld. It is normal market respond due to heavy investment receive last December and early January. Many investors are now profit taking mode and the late comer suffer a lot of losing.

yes the market correction will still continue.
Many analysts consider correction necessary to guard against price hikes that are too fast. Because if so, then the price will also go down very deep.

correction are just happening now in bitcoin, from its skyrocketing price of around $16000 - $20000 before and now it dropped 100% at this time. and most of the alts are being had a correction right away. we all dont know when this corrections stops but im hoping that this will not much affect all altcoin in the market that can provide more profits in the future.

Yup those who are working and active in this crypto world from last few years they can take this easy because they know this kind of corrections are common but it will affect the newbies. I don't know how many people sold their coins for loss. Don't think a market correction will continue a long time it will over after few days, and again all coins will grow. So just wait for a good time.

Remember 2013 - uggh that was a long correction (6 months or so), but all my positions eventually increased above the dip , and then 2014 with Mt Gox.. Those were hard years, but we made it and all my positions were either SODL for profit or HODL for more profit lol.

We had such corrections several times. It's right when market tries to find balance. It can't rise all the time so we have these situations.

There are many investors waiting for bitcoin to fall deep to buy in. I think in the future it is going up again. Adjustment is necessary.

Bitcoin now and so well fell after correction from 20 thousand. Now it's expensive for him to go up. It was a great chance to skimp on the crypto currency before the spring 2018 crypto season!

It is hardly anyone can answer this question for sure.
We can guess when, if we look at statistics from previous periods, but this is also not certain. We have to wait.

No how corrections will be taking place and the weak coins will be swiped out, one just need to make sure one invest wisely after much research and consideration and relax to see what happens next.

I am not very familiar with the term "market correction" on what basic can be said to be correction? who corrected? no one, this is only a suggestion from you who have lost money.

WTF are you talking about? if bitcoin is down 100%, then the price should be literally 0 by now. Need to check you math dude.


Of course there will be another correction coming, its inevitable, just the question of when its gonna happen. It always appears when the price is moving to a unprecedented level. Like what we have been seeing, bitcoin grows significantly to $19K, so this correction should have been expected. It could have happen last year as well, but people keeps buying and there are a lot of positive news like the CME and CBOE bitcoin future contract offerings.

But with so much negatives in the last couple of weeks, I wasn't surprised at all that we have seen 2 market corrections so far. Just to continue to Hodl though and wait till bitcoin settles in and makes a comeback.

I suppose the market of crypto is in the correction stage already. As we all can see, all alts together with Bitcoin are going up and down. Hope it will be finished soon.

There was a support for bitcoin at $10,000, and I think it would be hard to drop $10,000 without a policy.
So I think this is a good time to invest in bitcoin.

now may be a good time to buy coins at cheap prices for investment. because of the current market correction all the coins have a significant price decline. but we can expect in the future the coin will be a coin that has a high price.

Looks like we might get another leg down before steady uptrend resumes. All the news about Korea and India cracking down and freezing bank accounts related to crypto trading platforms is not helping at all. Hope this resolves soon!

The big correction has happened/arguably is still happening. I think we've found the bottom but it could be retested and a new bottom found. It won't get rid of weak coins though. Just burn many investors who thought that investing in everything was a good idea.

Correction is part of cryptocurrencies' growth because without it, it might not become a digital currency that is more improved than before  and it might crash badly if no correction is made and it will be more harder to recover it anymore. It's just normal and all is well and hodling is the only thing that you can do at the moment.