Bitcoin Forum

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Even if the market continues to fall, I don't think the levels will fall below last year's levels, that is, even after this adjustment, if you had coins from before, they would still have generated a profit for this year.

I personally prefer to keep until the next bulls on the market.

Good!  I can buy more!

What, that's it?  Nothing to support your assertion?  To say it sounds pretty thin would be an understatement.  I'd expect a correction after such an impressive bull run, sure, but where is this 50+% figure plucked from?

You must be new to all this if you think that this is beginning of a huge dump. Absolutely nothing special happened now other than a healthy correction which was bound to happen sooner or later.

Unless you really know what you are doing, best is too jeep holding bitcoin because chances are that you will end up with less bitcoin than you have now if you decide to sell now and buy back again. Instead, just keep holding and not to worry about this.

Bitcoin exchange rate is currently approximately $47,550 USD.

You are stating that it will be $23,775 (or less) at some point between now and May 23.  Correct?

Are you 100% certain of this?  If you are wrong, are you willing to pay me for all the money I lose by taking your advice? If not, then why bother wasting all our time with your nonsense?

Are you certain enough to make a bet on it?  We can both put $1000 of Bitcoin into escrow.  If the exchange rate drops below $23,775 between now and May 23, escrow will be immediately released to you.  If it does not, then at 00:01 GMT on May 24, escrow is released to me.

Although Bitcoin is still volatile, I believe that its long-term outlook will still be good and it will be maintained.
Because the prices have come down, it has become easy to buy more coins. This is a good thing.

It look's like you've just joined the Bitcointalk forum 2 years ago, so assuming (I apologize if I'm wrong) you're a "Johnny come lately", how much do you really know about cryptocurrency to be giving out financial advice? What kind of inside information could you have to possible convince people that they have to sell their coins right now? Where are your receipts for these wild claims? I'm not saying that your wrong but, we probably are do for a correction but you've got to be kidding me? This kind of talk sparks panic in the community, it is the start of a F.U.D campaign "Fear, Uncertainty and Doubt".
  Don't give up brother, remain optimistic in the face of uncertainty. At least drop some trading view charts (technical analysis) to support your claims.

Just my two cents

Correct go sell your coins at lower prices, So I can buy cheaper bitcoins. During this huge bull run it's definitely normal to see a correction even to lower prices. Even if you look at the TA side of the story it's completely normal to see corrections into the key price levels. In the fundamental side, there was some negative news from US and Janet Yellen the secretary of the treasury said some negative stuff about bitcoin.

based on underlying value.. id say it would stay above $21k base value and will meander around $30 as the medium term low

lets HOPE so.....

Jokes on you, a lot of people are actually waiting for a huge correction. It's way overdue, I agree, but the figure is still undecided and most predictions are basing their numbers out of thin air and stars alignment. At this point, those institutions who bought millions of $ worth of bitcoin aren't going to sell their coins to save some bucks. I'm pretty sure most of them would wait this out and only those scared would actually sell. Now due to this, I expect not a crazy correction, but rather a move back to $30000 would be nice and apt for now.

I wonder how many people will listen to a man who tells them to sell all their coins?  ;D
In my opinion, when someone tells you to sell, you should do the opposite!
Especially now there is good news about USDT... ;)

You can go right ahead and sell all YOUR coins if you expect such a drop within the coming months, you could be right and get a great opportunity to short and purchase more at the dip, or you could be wrong and miss out on a much higher bull charge. Trading is a personal decision and you get to make the choice if you Hodl the coins.

Why would I?

It's hard to accumulate bitcoins these days and why would I listen to you? It is viewable that it's correcting and so what if it is? we've got higher price still since the end of 2020 and even at the last ATH of 2017.

All is well.

You don't have to panic.

Not true.
We are in a bull run, the block reward halving was not long ago. We are currently witnessing a correction but tyere are always multiple 30% corrections in bull runs followed by constant ATH’s. This bull run has lots of room for price increases. We will see $100,000 this year. A big, long bear market will come but not in 2021.

Of course, sell all your bitcoins right now so you will give your seat to someone else to the moon!
Ideas like this make me reminder weak hands who bought btc for 19,000$ and sold for 3,000$ last time and complained later bitcoin was a ponzi scheme.

---

And media has already started the panic wave with lots of bad news. It's all to influence you to sell everything and get out of the game, so new players can come in. Be smart, keep holding!

yeap, that's FUD ;P

Jesus, what kind of horrible math and science are you using? Correction of 50%? Do you even know how to multiply? Perfect math and science has proven the coming correction for this year alone will be 70%+. The price will eventually go to zero as I've confirmed many, many times using proven, confirmed sources, unlike you.

Where is the science?

Where?!1 Science is a method, like proven math. If you know science, and how to do it with proven math, then you'll know that bitcoin is going to collapse soon (already started as you can see).

Corrections are inevitable, but there is nothing scary if you are here for the long game.

If you are right, I and I guess many other people will be able to buy again at lower prices. So again, nothing to be scared off :)

One of the biggest mistakes in the crypto world and in any existing market is to panic, I think that if it falls below 50% it does not matter, it is known that the price will recover again, what is difficult to determine is when it will happen.

If we take into account that many corporations and some famous people in the world are buying Bitcoin, they are not going to buy to lose, they buy to generate profits, the best investments and the vision of the future that they undoubtedly have in the market is unique, it should be noted They have very good financial advisers, that can be a great guarantee.

I wonder from where you find the correction will get 50% of the downwards. Can you share the information?

I think we are free to sell our coins, in any condition, because people will decide when they can sell their coins. But now, I think some of us still hold the coins and do not sell their coins, but buying more amount at a low price. I am sure we have our plan with our coins, so when the price is still up and down, we can know what we need to do. The correction will always happen to the crypto market. The thing that we need to do is what we should do if we see that it happen.

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Great that sometimes those FUD that we think is a true advice  ;D

I saw this post when you have just up the thread and i start monitoring the market , and when the price drops down to $55,000?  Lol it's ok to call as panicking but i rather be called than be late in selling , and now i am looking for the re entering , maybe i will consider 40,000$ or even 35,000$ if possible before the price rose up to 100,000 this year end .

I'm a scientist and I just see you yelling proof and providing none...
Classic FUD but that's OK because you are weeding out the weak hands  ;)

You are right.

The panic among FOMO and the lack of discipline are our biggest enemies in trading and crypto, but in life in general.

Always make investment decisions on a clear head and only with money you can afford to lose.

These people who keep letting their emotions when trading is what makes people lose there investments. The panic that they feel whenever some FUD has been created and fear that they'll lose their assets even with the big corporation and celebrities backing us.

Never let your emotions get to you when your trading and always be prepared when trading and investing as it may lead to downfall.

Also, it won't hurt to do a research before believing to random FUDs.

That’s possible even if we see a small pump, since overbought with other project right now is huge. Anyway, there’s still a chance that we continue the up trend since many still believe that Bitcoin can still go further, I heard the news about the new $1Billion investment, this can pump the market again.

Not just coming, but it's already happening and that started over this week and it's ongoing. Don't sell your coins yet as long as you don't see it totally crashing, because if you're a member of a community which your crypto belongs; you could be updated with their progress. At least you won't be panic, and hear potential signals that encourages holders not to dump due to another bounce could probably spike.

50%? there will be no further decline, I am sure that, we will go to $ 56K again and the altcoins will recover quickly,
yes after that it is possible that there will be a correction, but a small correction of 10% or 15% again, not 50%! ,
don't let you miss buying altcoins and bitcoins, because bitcoin is still very bullish and altcoin,
buy when the correction comes and hold until the end of the year!

It's been this way ever since in fact this is what people are waiting for and looking for, after they sold some of their shares they are waiting for the opportunity to buy it again at a much lower price so expect a lot of this question when the price is getting a pump, I only get afraid if there is a piece of bad news like the pandemic news, because there is a connection between the market and what's happening around the globe.

Jeezuz murphy Proudhon. What are you doing wandering around outside of the WO?

Don't you know that people out here are totally clueless about math and science?

Much better to hold if you already have Bitcoin inside your wallet, then if you still have spare money. Buying more is one of the best strategy each time correction is happening, you can split your money and keep chasing the dip before the bounce happen. It's a risky but very profitable strategy if you know what you're doing with your money.

Do't forget to do  your DYOR as always, it saves you a lot of possible messed. Volatile nature of crypto mostly leads weak holders to lose
their investment.

I think we might get more one ATH or two before we top and begin the next bear market. Funding has reset pretty much. Open interest is still high however I predict many of those are cash and carry trades. If you look at the average funding rates the last 2 times we bottomed and kept hitting new ATHs.

The MvRV z score is a good indicator and if it hits 10 then it’s time to sell however it might not happen until we hit something like $75-100K.

Micro strategy and Square buying at $51K is very bullish. I think low might be $43K to front run the people who want to buy at $42K.

At last, we are now started to panic after seeing the declining trend. And I expect more thread talking like this.

Anyways,
The dumps are inevitable and we can expect that. But what will happen when people are started to do panic selling, the more it drives the dumping sentiment faster. Well, I don't know if these people had to know what they are doing or they just want to catch the price before it falls hard.

Currently, at $49k and we are still in the bullish market.

It is certain that the market will have a correction in the future but it is hard to predict when that would happen and if you think you could predict exactly how the market moves then you might make a fortune predicting those as there are many billionaires who made their life predicting the stock market and you could be the next billionaire in the cryptocurrency market  :P ;D.

We have seen some sample of correction but other people do say that it is already the start of the bear market which the market did prove it wrong and do shows on how
unpredictable it is via looking at on the current condition on where it did able to recover in no time and for those who did risk on buying cheaper coins did really able
to benefit with that.We cant really just see a market that do rise up forever and there would always be a correction because it cant be considered healthy if movements
arent really normal at all or shall we say intensive pumps and dumps where we shouldnt really need to experience.

The corrections are normal, the Bitcoin market is moving naturally, many are scared and say that they sell, that it is going to fall, that they are going to lose everything, and no, if people are clear that the big ones have investment in Bitcoin, they do not They will allow it to fall as much, as they will protect your investment. Do not panic, the market if it goes down, you must wait, the volatility in bitcoin is a characteristic that only Bitcoin has.

Lawl. Are you joking or trolling?

Selling your coins unnecessarily (e.g. because of the price) is one of the most foolish things you can do. This is even more true if the price has just dipped. This is a time to buy if possible. This isn't the stock market.

Correct downwards? We just had our correction downwards. I think the bottom is in. The price is almost certain to rise to new ATHs within weeks (or days) as the bull run continues. The real action should start some time around October, as it usually does. Maybe after that we'll see a massive correction, possibly back down as low as under 6 digits.

I doubt we'll see as deep a correction as in previous major bull runs. This time much of the price rise has been driven by institutional investment rather than retail gambling. Do you think the institutional investors have weak hands? Do you think they'll panic sell? It took them years of research before they made the decision to make long-term investments. It will take them years to decide to divest. They didn't buy for a short-term profit. They're investing in the long-tern future of a world-changing technology.

Did you already sell some of your coins? It sounds to me like you're suffering from wishful thinking, hoping to buy back at a lower price. Fat chance.

^^ That's the usual route for most of us, specially those who didn't hold or at least didn't buy bitcoin at a cheap price. They will call from major crashes > 50%. But we have seen that it is not the case. Bitcoin has been in this kind of movement, 20%-30% down and then bounce back with a new all time high.

And every month we have this kind of trend, just like what we have seen in the last week of January and then reach $57k, new all time high in February. So I'm expecting the pattern to continue in March and surpass another all time high of around $60k-$70k.

We are still very much in the bullish cycle, and we sometimes need this kind of healthy correction to move forward months after months leading to a 6 digit mark before the end of the year.

Many of the users would have noticed that a correction is ongoing at the stock market as well. And for Bitcoin, a correction was expected after the steep rally. Also, next month we can expect even more, as it is the last month of the financial year. A large number of users will be selling their BTC, for getting favorable tax calculations. I won't be surprised if the exchange rates go below $40K in March.

Yes, it is. That is no surprise if we see the correction comes after it reaches the high price. But unfortunately, we don't know how deep the price will go down before, making many traders panic when the price is going lower than $50k. We see bitcoin price rise again and slowly reaching $50k, and I hope this week will be close by the increase of bitcoin price again. Perhaps, the price will go up and down from $50k-$40k and then back to $50k again. And possibly, that will happen many times. So we need to be careful from this month because we never know what will happen in the next month.

If we are looking for 50% drop , meaning we are not done yet ? Bitcoin fell down from 58,000$ to 45,000$ that's almost 22%  so what you are trying to tell here is that Bitcoin price will go back to 20k level first ? at least 28-29k before the another breaking of ATH will come.

Any Hints about this news ? or just an lucky speculation because you come to give a good advice that same day because the price start to fall down to 55k from the time of posting of this thread.

The main reason for the panic comes because of the news, many people allow themselves to be influenced, perhaps now the news is beginning to bear fruit in the commercial decisions of many. If people knew that whales never take the news into account unless it is a fundamental they would not have so many losses on their investments.

While it is normal that a certain market tends to have retrace and corrections are happening, it is still good to have a back up plan like converting hold coins into stable coins. Or sell first before it dumps and rebuy at the dip. This corrections actually gives us an opportunity to accumulate more coins.

It is not always bullish, bears are also waiting for the right moment to attack. Just like now.

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

Will have second correction for bitcoin price again after last week bitcoin dump? I think not surely have second time for bitcoin correction before all time high because always have the way when bitcoin raise higher price still get chance back to lower price. Now bitcoin have fantastic way to be higher price and still the moment for bitcoin back later with lower price.

that is a proper scientific explanation that bitcoin is going to collapse lol

Well, that's what I always tell to the people who are worrisome to price corrections, as If they're considering this move as a sign of long term bear similar in 2018.
Every time Bitcoin or an alt goes up, It would eventually go down at some point which was called a correction, If it becomes worse then you call it bearish market. But, base on the current market condition, I don't think we're heading to a bear market. We might be seeing Bitcoin lossing more than $10,000 from its last ATH, but it's gradually recovering rather than falling down below the $40,000 level.

That is true, especially for those who have intention for long term investment. You still have a comfortable feel if you are long term investor. You can compare, how many days bitcoin price and bitcoin price up in a few months before?

Seem like it just now bitcoin start to fall, also you can see the chart movement. Yeah, technical analyst is another way that you have to consider before you make a decision or judge the market movement. In higher time frame bitcoin still in the bullish market, take a look with the candle that will be formed in monthly candle, I guess there still a chance for its price going up again.

Good to have another "EXPERT"

You have written your 2cents of BS, now please leave and save some FIAT in your accounts to rely on.

I see the correction that is happening in Bitcoin right now is not something to worry about, we know Bitcoin is very volatile. Because the price of
Bitcoin can go up suddenly, such as when it quickly reaches a price of $ 58k. And Bitcoin can also suddenly go down like it is today. So this is
a normal thing to happen, no need to panic and no need to sell the Bitcoin that we have. Because I am optimistic that this is only a temporary
correction, so my advice is to stay calm and still hold the Bitcoin that we have.

Well, that he obviously in a panic after seeing his portfolio. The dump is actually unpredictable and all weak hands will badly worried about their losses if they never sell it.
OP is not spreading FUD's here but is just showing his feeling being a panic seller and that he gives some insight to other people who have the same faith. We can't be all in positive looks, the market will dump sooner or later, and we can stop it from coming even though we don't like it.

Seems correction underway is already a reasonable premise.   We have a regular set of decline in daily bars though there is an element of rally every day its not rising as previously in character.   I think pullback to a lower price is a fair conclusion for the moment.

https://talkimg.com/images/2023/06/12/AjjL1.png

Last four days share a similar kind of support area so I always think its best to watch the trend most accurately through the lowest prices rather then peaks.   A bearish target for downside action would be about 40k and also near to 50 day average, that could be a good place to watch for a finale to negative action in this present phase.

In which will favor us waiting , I have been looking for this trend month ago after taking out half of my funds.
Now that the downtrend comes it feels like a success to my part.

It is normal for the panicking to happen because there are still rumors that Market will dump again down to 20k so each time they find a 5% dumping automatically they are reacting as if they are losing too much.

There is no change in the direction you could be relax about that part. It is definitely correction because it is not going under 45k price that easily, and even if it does, up until 28k or so we are still in an easily recoverable phase, because it took us only like 10 days to go 50k+ from those levels, so it would once again take only 10 days to go back so it can't be considered a problem or a change in direction when it is only that small part away.

We could literally break a new all time high with a week of bull run, if tesla or apple or someone else declares that they are going to make another huge investment into bitcoin or their first one ever, the price could be 60k+ in under a week. So do not lose hope, sure there have been some red days in the past few days, but we also had green days for months now, nearly half a year, so we should feel fine about it just yet.

The lowest recorded price this week is 44,000$ meaning yes it fell down bellow 45k
But coming down to 28k (like what happen last january ) seems like not going to happen now.
The strong hold at 44-45k is indeed enough for assuring us about the health of the Bitcoin support.
We already have enough investors now , the only problem is that those who wants to manipulate the market are not having fun of the situation as they cannot bag more money like what they did last 2017-2018 .

If we sell our bitcoins, do you know who will buy them ? The whales and institutions are ready to buy all our bitcoins. And later we will have to buy back them more expensive. The best thing to do in the correction period is to stop looking at the portfolio and wait for the correction to be over. Remember never sell and short in a bull market.

You might feel yourself lucky right now that it is dropped, but you are lucky for now, you have to find a situation where you end up getting back in at the right time as well or you will be in a big trouble. I am not out, I got in under 10k and I am not going to end up selling anytime soon neither I am going to keep investing into crypto more and more as well, the more it drops the more I will buy and the more it increases the more I will buy as well, I am not going to stop buying, why? Because I am doing fine right now and I am not feeling like I am going to change that any time soon neither.

You are not going to be in trouble as long as it doesn't go up, but as soon as you see bitcoin at 60k+ that means you sold too early and while people who bought from you will start to make profit as well. That is why you should be making sure that you get in at the right price.

Thanks for the information but where can i see the raw-infor or what principle rules adopted for this 50% downtrend of bitcoin?. Sometimes i believe people who speaks their mind, we saw what happened in few months ago and the rate at which the bitcoin market moved was so amazing that many insinuated that there will be a correction coming and here we are with the correction which is rightly needed at this junction.

This is exactly what they want you to do, sell ahroite for reasons of panic and be able to remove Bitcoins cheaper, these are market traps, totally valid, in addition to the news that is out there that is very bad that indicates that the bitcoin is like a meme, that is said by the main news networks worldwide, in fact, the price may fall a little more to seek that many continue to sell out of fear.

It's pretty obvious by now that this is just a troll post, yes, bitcoin did goes down, but it's nowhere the 50% that the OP is projecting, just his supposedly "expert" opinion that majority of us contradict because it doesn't carry any weight as far as argument is concern.

On the contrary, bitcoin can recover from a correction as high as 50%, so 20% correction now, but the rebound almost doubled it, proving bitcoin's resiliency.

Exactly. Even after a major correction, I'm still bullish. The market is far from peaking. Even when the bubble bursts, many people will take profits and the crypto market will start to settle down.

@OP, This is a good sign for the bitcoin price, and you should go long before that. I know you don't want to risk your money, and I respect that, but this is a great opportunity to build a powerful position.

What you mean a few months?? Do you mean this correction will happen for over a month?? I'm not sure about that, You should put your analysis or your thread just be FUD

I will say that in March we will recover slowly. The reason is simply that a lot of whales still hold their Bitcoin

For the moment the correction could be over, medium term is a different argument but Bitcoin can move alot in smaller time frames so its not something most will ignore.

https://talkimg.com/images/2023/06/12/AjVTl.png

Pushing past something of a regular down trend and also 12hr average which can be a fair show of positive momentum.     Watch 44200 to hold on 4hr bars for whether this was a qualified area to rise from or failed as we enter the main trading week.

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction might cause a market crash like we witnessed before but there's always a good news and that is when the market will start to recover.

Different situation will be witness for long term holders, but what is very important is the goal to sell as no one holds forever.

Stop-loss is only for the short term, you can say no more than 1 day so it can be used, but winning for the long term why is it necessary? Shouldn't we wait a little longer for the price to recover? Only a little correction happens a lot of this panic is making the market a little bumpy so I would still believe in the handle seeing the market continue to recover several times after experiencing a correction as well.
Ignore the rest of the news and we can look at some good references to keep cool with our holding.

Very easy to say then to execute, if actually you're doing what you wrote then keep it up as you'll be among the very few celebrates in the future celebrating the new highs while those that sold would be regretting. If you observe the industry closely you'll notice something new which are the institutional money investors pouring in more funds at every dip.

They know something that we don't and that has to revolves around positive development towards the currency. The only way you can play it safe is by following their strategy, buy more when the market dips and there's nothing wrong in securing profit when the opportunity presents itself as the market will always find a way to offer opportunity for rebuying.

This is what exactly I have to say for those people that keep spreading FUD. There's no need to cut loss if your intention is to hold for how many years or in a long period of time. Just a matter of a short correction of bitcoin price and there's no need to panic in that way. A Correction will I guess is coming as what most predictions anticipated but we are still on a healthy stage of the market price.

However, bitcoin prices keep resists when at below $45k in the market and I guess many investors trying to grab the opportunity of investing in bitcoin while it cheap in the market compared to a couple of weeks passed.

All matters with experience and this is why every person/trader/investor would really have their own calls when they do saw some opportunity.It is true that people do really say up some words easily but when you are

already on the actual situation then this is where story starts to change where hesitance and  doubts can really be felt in the time you dont know on whats going in specially in price dips or dumps.

Correction is always next on line and you will really generate lots of thoughts that if its the right time to buy or you should wait a little bit more to utilize the possible best entry point.

I don't know while people always emphasising on not to keeping coin so long and keeping coins so long? while keeping coins at long period usually generate more profit than buying and selling of coins at instant, now using Bitcoin as a case study, people who purchased Bitcoin at initial stage which is in year 2009 and 2010 when the price of bitcoin was extremely affordable and hold till 2020 or 2010, do you know how much those people that kept their Bitcoin made by now, even though it's 1btc only, so calculate it the values of btc currently.

I believe that stop loss is not a thing for long term investors anyway, it is something for traders and for traders it works like a perfect charm. Why? Because if your aim is to make money for a quick period of time, like maybe 10-30 minutes (as much as few hours but needs to be on the same day) you could definitely use stop loss and make a lot of money if you use stop-loss and not lose too much, because if you do not lose too much and earn normally (there is no cap on earning like stop loss) you could lose 1% but gain 5% so you will be in profit unless you face too many stop loss in a row.

Whereas if you are a long term investor, like let's say I am in it for a decade, my aim is to retire at 2030 with all the money I made from crypto, in that case I do not care about stop loss, why? Because I am not losing anything as long as I do not sell it neither.

Is this some attempt to create FUD while waiting for a good entry point?
Then, you should've supported this statement with analysis as to why you end up with that figure, with that you could've at least have a higher chance for people to believe you.
Don't get me wrong, I know corrections are always lurking around whenever Bitcoin had a bullrun, but 50% is way too much base on the current Bitcoin condition.
Bitcoin have corrected many times when it continuously hitting new heights, but then again 50% is way too much.

for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult. for example look at the latest dump. the price as soon as it touched the support that is at $43,000 immediately increased up to the resistance that is at $50,000. this shows that it has a strong demand in the $43,000 zone and also has a strong selling pressure in the $50,000 zone upwards.

My opinion:

we will see the price fluctuate between $43000 to $58000 for many months, but we will no longer see the price below $29000

Never seen in my life that something has a correction of "at least 50%". I dont know what should happen in cryptocurrency community for price go down so much. I've heard lots of people mentioning support levels. For sure, they will save from such drop, but would they save from panic sale?

Luckily, it is hard to start a panic sale right now. Recently Must tweeted that bitcoins price is rather high, which was followed by instant price drop for few thousands, but right now everything is recovered. As Tesla invested in bitcoin when it price was above $40k, I dont think they and other market player will let price to go lower than this level, for a long time.

While you can be right what exactly is this based on.  Gut feel, technical analysis?  I dont see the point of starting an entire thread for this.  And if you believe there is a huge correction coming dump off, I wouldn't go and tell anyone else to based on zero background. 

In my opinion, we don't need to sell the Bitcoin that we have today, because the price correction that is happening now doesn't seem to be going
down too deep. Because after a few days of being priced at $ 44k, now Bitcoin is starting to recover and going up to a price of $ 48k. This proves
that the correction that occurred is due to the volatile Bitcoin price movement, there will not be a massive dump in the near future. In fact I believe
Bitcoin will soon go back up to a price of $ 58k. So selling Bitcoin now is not a good idea, I would suggest holding Bitcoin for now.

The reality is that some people do not want to handle all those things that come with crypto trading and all those stress and everything else, we rather just buy and hold and not care about things, I want to have certain amount of money to not care about any profit at all for a while, I want to be basically profiting over long period of time and that means I do not care about it today.

Other people who keep trading care about it because they end up making a lot of changes and trades and so forth which is why I do not think that it suits me, we are talking about something much worse for me since I would have to care about it all the time. People who can care for that long could do it, people who can't care that long like me would just invest and that's it because that is simpler. It doesn't mean that one is right or the other is wrong, it is people's preference.

...looks like they going up 50% to me

Speculations would remain speculations which means that anytime those calls would really be neither going to the same direction or would go to the opposite one.
There's no guarantee that each of those calls would really be on precise manner.If they do say that it would potentially dip -50% but currently we are seeing
+50% then theres no something that you should really be proud off. Anyone could make their own guesses and its just normal that mistakes will be there.
Correction is inevitable this is why we should really be careful and do make immediate actions to secure our profits while we still can.

We've had a good rise recently after prior negative trend, so I will lay out a case for the bears who remain ever hopeful.

https://talkimg.com/images/2023/06/12/AjvHN.png

Ok so we have a bit of a reversal here, I just heard a trader say a close on daily over 51k is quite bullish.   That might be but I want to see the price over this upper band here at 52k, I wont say it has to be today but its possible we have some stall condition here and price action may need to prove otherwise.    Another perspective is we are failing below a 12hr average which represents strong momentum to me, so I'm watching various measures but in simple terms have a look at 52.1k  for a tide mark as to wider direction perhaps.


Also this is 1hr bars, left side of the chart we had 2 day MA rise above weekly MA which has been a bullish scenario previous.   We may pull back to check lower prices and its a brief negative, not sure.

By now we know it's not the best idea to sell all our coin just because of correction. It was a difficult thing to find the bottom and buy back especially for the top altcoins and bitcoin This time we may not see 30-35% correction like in the previous cycle for bitcoin and the dump may short live.

I'm with you, correction is normal and natural in cryptocurrency, sooner or later the price will bounce back. If sell it because correction and prepare for buyback at a low price, this is risky, because no guarantee that the correction will increase your amount of coin, what happens if just a small correction?? So for me, I'm not taking a risk, I will keep hold it if correction, never sell

How do you know if a correction will occur? it is true that the history in March was terrible for cryptocurrencies, because corrections always come this month, but we will never know whether a correction is coming or not, if you say a 50% correction came I really don't believe it, we are in the zone bullish therefore there is no need to worry.

There was already a correction, but it's nowhere near 50%.

And we are not over the correction in the last couple of days. We have jump to $50k again, so I would say that this March will end up just the rest of 2021, still in a bullish phase. So it's going to be a pity for those who listed to the suggestion of the OP to sell. And we all know by now what is the reason behind his FUD. Because for obvious reasons, he wanted to buy cheap bitcoin again.

Resistance though is at $52k, if we break this one, I would say smooth sailing for the next two weeks again and we might break the $60k-$70k price barrier.

Bitcoin is now being perceived as an inflation-hedge and an asset with a potential to give mouth-watering returns quickly, analysts said so the correction is coming soon in economics level in bitcoin

true, I feel that the correction should have occurred at the beginning of the year and only briefly and again increase again. I do not believe the same as you that in March there will be a correction. This is precisely the time when bitcoin is in a stable state. This provides an opportunity for altcoins to move when last year lags behind bitcoin.

to remember that this year's halving effect has not been felt from bitcoin so if there is a decline I don't really think about it. because I believe that the increase until the end of the year will occur because of the halving effect. so it is possible that the existing value must be very high.