Bitcoin Forum

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

I agree with the assessment that December can be a very critical period for Bitcoin as it will be determining what will be the direction for Bitcoin in the fist quarter of the year which in my estimate has more tendency to be bear than to be a bull. Still, am hoping that Bitcoin will not be following traditions this time as more and more institutional investors are showing interest to join the BTC bandwagon. We just have to continually watch out for possible signs of an impending bear time.

Well I think its getting bearish due to lots of fud news this week. From Mt. Gox distribution to US infrastructure bill passed this week added by Evergrande's effect last week. But nonetheless, it's November and it is the most bullish month according to datas. Market could probably go down a bit from here but will surely recover within the incoming weeks and if I am correct with my calculations, BTC could go to 72K mark.

This might come as a surprise to you but what your friend said is actually the sentiment of most people around here and in other crypto forums/groups.

Did he also mentioned what the support points are? That's an important detail you should ask. If we look back at the prices history, the $20K ATH in 2017, we saw a drop to around $3K in 2018. and from $63K ATH last April, we saw a drop to around $30K in July. Now, we're witnessing another drop from the latest ATH and it will probably bounce off around $55K ($50K at worse). I'm not an expert when it comes to TA but I don't see BTC coming back to $30K levels during bear market again if we're going to see a pump to $100K+ by EOY.

How did you calculate 72k? Not 73 or 70?

Since October, the only thing Bitcoin did was growing. This price decrease was expected imo. We have updated ATH. Sooner or later todays situation must have happened. It is even good that this happened today, and not closer to Christmas, as as usually, people would have panicked and the price would go even more. I am already seeing this explanations "people are withdrawing to buy xmas presents, that is why the price goes down".

Your friend is correct. Majority of alts will absolutely crash and burn if and when btc dips. There have been few exceptions to this but during bear market, people with alts can lose almost everything they have, and lots of holders will sell the bottom because they fear it will drop even more.

I believe this is a correction so we all don't panic quickly to respond to this situation ,I'm not sure this is the beginning of a bear market because it's still early I think the holidays are still long but anything can be happen and I don't even think the price of bitcoin could fall any further from now it will recover soon not analyze further just a personal point of view for this moment

The last few weeks saw an extremely positive development of prices in both bitcoin and also altcoins. After a period where the only way was upwards it is just normal, that a correction has to happen sooner or later and today it seems like the correction is happening. At the moment we are down around 8 or 9 % both on BTC and ETH which is quite a lot but still within the range that i would declare as normal, at least within the crypto space. I also think the best is to just stay calm and hold.

Now everyone is in the middle of November and soon everyone will be in December but what is happening right now in the market is dumped and this is not at all liked by everyone now even though the opportunity to buy good coins is very appropriate.

You don't have to worry though, this is just another correction, we are still far from the bear market. Reason being is that bitcoin market has been in the decline after hitting it's all time high. And maybe there was a shift to altcoin right now. But once there is a good news to bitcoin market, the market will move again. We just had a dip before $60k, but now it seems that it bounce back a bit. And historically, November-December is a bull market, so we need need sometime for the market to recover.

Three trillion $ marketcap seemed to be the trigger for this correction. Crypto got way too much world exposure in the last year to just fall into the deep bear market. Unfortunately shit meme coins are taking away a huge chunk of new money that is coming in crypto and that money becomes worthless when a rugpull happens. The sooner people will stop being to greedy and invest in real project, the faster will marketcap grow again.  

Just hold if you won't use your money for something else. This and that prediction will always come and it's up to you if you're going to listen to them.
Correction doesn't mean that we're going to a bear market. Do not give yourself something to think that much, let the corrections come because they're usually happening to the market.

Whichever it is, we need to consider taking advantage of what is currently happening with the market today. If it is the bear market we need to wait for the price to drop more before we can buy it and wait for the price to rise again in the future.

For those who are panicking because they invested when the price was at its peak, well! don't panic, just relax and enjoy your day. don't think about it until you make yourself stressed with the current state of the crypto market. it will somehow find its way to recover again.

Yes, if you look at the market today starting from BTC and ETH, the average decline is below 10%. and it also has an impact on several other altcoins. better keep it because this is just a correction in my opinion, and this is a natural thing to happen. do not panic because there is still a possibility of a bull market after this correction occurred in December and the beginning of the year .

It's too early to say whether we enter the bear market or not.

We even not sure if we hit the top price already, so we shouldn't judge how the market works just because we have another downside. So let's observed, the market seems to be stabilizing at least for bitcoin at the support level of $60k. It dip a little, but it quickly get up again. We have seen this multiple times throughout the year, so I would advise to everyone not to panic sell.

Your friend was giving wrong opinion about crypto. He was taking the last quarter as the main point to determine where crypto will be going on but he forget that this time crypto is different. So many big companies joined in crypto and i should remind you that about legal tender for crypto.
The correction that happened with bitcoin will not always become the thing that will determine when the bearish trend will come. The market can recover anytime. We should take a look at the fact.
Bitcoin dumped so hard last year but it is going crazy right now. that proves that if climate in crypto can be changed easily.
It's not. Anytime should become the important time for crypto and it's not only at the end of this year. just try to see what happened in the market. So many people were always thinking like that but bitcoin shows reverse trend than what they were thinking what will come soon.

I consider that the market has a bear market time, which makes bitcoin get a correction for a while. The down pushes the price into the $60k range of the price and the red candle still appears on the market. Hopefully, it will not go down below $60k. Otherwise, that can attract panic selling for people. If tomorrow, the price can start to increase step by step, that can give more chances for bitcoin to go back to the high price and in the rest of this month, bitcoin can back or even can break $70k. If the price can not go up again tomorrow, maybe we will need longer to see the price rise again.

I have no problem with what will happen. whether it's a correction or a bear market, because I'm already prepared for it. but according to what I'm seeing right now, the situation this time is just a correction so it's not a huge problem. the market is quite strong at the moment, a lot has happened throughout the year. and it is very influential for the market. your friend only saw from previous trends where the end of the year became a reversal situation. in previous years this may have happened, but not this year. if we take a closer look, there is no reason for a bear market to occur any time soon. overbought is not an excuse, it will only result in a correction. so no need to worry for now, the market is fine.

I want to be bullish and I hope the market will be bullish with a second leg too but I am wondering myself that how the market can maintain its bullish mode if the trading volume won't increase.

Issue in the last months since April is decreasing trading volume, not price of Bitcoin. Bitcoin broke out weeks ago and tried to touch $70,000 but trading volume is still lower than in March or April.

I know people mentioned about Supply shock because of many Bitcoin (and Ethereum) are moving off exchanges. They think it is the on-chain bullish signal. I think so too but I don't think it can not be manipulated.

I think this is a correction and prices won't go much lower as a large number of investors have entered the market in higher prices much of them institutional. The hype of crypto are global and a lot of people are just entering the market. There ought to be a large bull run before a subsequent crash. So I believe, it's good time to bag more coins and stay cautious and plan your trading strategies ahead. It's also important for new investors to not fall for hyped coins and study and select coins according to their investment strategy.

I do not think we need to panic, there is no negative news or events that prompted a further decline in cryptocurrency. Don't sell. Hold .

One of the things you will learn is that technical analysis can be spun in such a way that any data can mean one thing for one trader and the opposite for another, at the end of the day you need to begin to learn to trust your own instincts and your own analysis.

It is clear that the long term potential of bitcoin is slowly but surely entering the consciousness of the general population, and if to this we add the economic crisis that is forming then I do not see any way for the price of bitcoin to remain this low for a long time.

Every Q4 of every year is a crypto point and for now it will likely happen as your friend said that if the price level of Bitcoin and other big coins can hold at the current level then next year the price might be good but if this correction falls very deep I am pessimistic crypto will be like 2018, however, if you still really believe it is better to follow what you believe.

Over the past months, Bitcoin has strengthened and reached its all-time high of $68k. Therefore, it is not surprising that the moment of correction should come someday. It is impossible to guess if this correction will turn into a bear market, because now the crypto market is significantly different from what it was in 2018.

I think we are just having a price correction at the moment, not literally that this will go beyond its bearish season. The last quarter of the year has always been bullish and if any price correction happens, its an opportunity to make the coins reach new ATH after the price correction. So we shoud not panic in times like this because this is definitely part of the cycle. We may see most of the coins dumping even bitcoin itself, but after this, they eventually recover again and can even end up into having new ATH.

By time, this should begin a bearish market that came too long. This time, bulls and so were able to raise almost all coins from the top 100 to the height of the albeit. I look at the current meanings and just do not believe my eyes, the question remains how much the market will fall on the moment of fixation of the profit.

You cant stop people on not to sell specially newbies or to those people who doesnt have enough experience on this market on which they would easily get fall into the problems when it comes to emotional aspect.Dealing with bear market or even just seeing the market is declining would really require patience and good control with
your mind which would really able to help you out on making good decisions basing on the current condition you are in and never ever tend to tolerate on what
you do have in mind and dont cut loss because market could eventually recover on.

Well the percentage of the market nowadays isn't normal like before , i think month of july? If i remember it correctly, because that time is definitely a correction as it takes days only. But this time seems we need more results in my personal opinion because the situation is different and mostly crypto in the market is bleeding right now to be honest.. So if market didn't change after day or two probably its a bear market already.  Since we didn't see a good news despite of the situation as well which makes me think because last month when market suddenly turn into bearish there's a bunch of analyst saying it will not last like what always happen.. But now seems quite..

I don't think we are nearing the bear market this soon even though it can happen.This may just be a correction due to the overextended bullish market condition.BTC recently reach it's all time high and their is need for some corrections in price for the meantime before it rises again.I don't pray for a bear market anytime soon although we could be heading into one.

IMO, the next bear market won't be the same as the bloody 2018. That's so much and very bloody but this time, the market has changed a lot. But that doesn't mean that it won't be the same anymore. We still have to look at that matter if it will be the same as 2018.
Hopefully, it won't be the same anymore as by that time so that everyone who's saving their assets for the next bull run won't be disappointed if the crash comes.

I think for the most part most financial instruments including crypto are going to a have a rough go in 2022.  The pandemics effects on Financial economies have not yet been hit.  It's coming and when it does take cover.  Is this the start..no one knows, only after looking back at history will you know.  Tread lightly but keep stacking sats in the end you'll be good.

for old players it is normal, a correction is a correction, a dump is a dump and a pump is a pump,
everything has a correlation with the news, and today bad news and bad sentiment towards Bitcoin seems bad,
and makes the bitcoin price dump, this is fundamentally. If it's technically analyzed, it's a correction, so take it easy

I think the run up to a six digit BTC had been delayed due to the long pandemic and the bull run could still extend into 2022 as a result. We are heading into a bear market for sure and our prayers as investor or trader couldn't prevent that but it could be shorter than the previous cycles.

As long as there's no FUD spread.. I tend to believe it's all a correction. Let's all be on the lookout.

There's a negative news and the chart was reflecting it. So many people are feeling disappointed caused by another rejection for BTC spot ETF by SEC. The new definition about crypto broker that mentioned in draft bill was also affecting the crypto market as well.  It seems like that you didn't even see that before. You should check some latest news about crypto and you will find it.
The chart is showing that there is a chance for us to see a mega rally this month then maybe the bearish market can be avoided because after all that bad news come to the bitcoin.  the morale of traders and not easily getting baited to panic sell and cause another bearish market but as far as I know the current chart seems to be resisting the bearish market and big chance we won’t see any bearish market but just a correction however anything could happen right?(Hope there will be no another bad news to come).
If instead the chart showing an obvious sign of the price bouncing back up again then it could be even better since many traders will definitely try to make an entrance and accumulate as much as possible in the lowest price and that could instead make the market at the bullrun again. Although we should understand that historical pattern doesn’t always guarantee the same outcome.

Here's my theory about it. If the novice investor around me has lost interest in the market and started HODL, it means that the bear season is coming. But for now there is no such situation :)

All the untimely bad news from China and environs affecting btc, there is also the Mt gox news too, this could be a reaction to all this negative news and may not linger on too much, however, it is still very important to take precaution while the market is trying to determine the next movement.

There's a lot of new money in the industry, I don't think we're going to fall for a long time now, I think it's a correction, it's very unpleasant, but that's how the market lives. In a rising market it is more pleasant to buy, and in a falling market it is more profitable with a 50x50 probability.

There is always a a chance for a price correction to takes place when all the coins are in bullish, and its always expected every now and then. But this should not bring panic to everyone as this is not the start yet of a bearish season. But we can still witness prices to fall down particularly with bitcoin. And every time bitcoin falls, the whole crypto market is really affected seeing almost all of the coins will start to decline too.

However, price correction should not be a big threat for everyone particularly for long term holders as this will not be for good. Once another positive news will hit the market again, eventually we will see cryptos back to normal again.

Btc makes its new All Time High recently so currently correction of market is going on. We shouldn't be panic what others say. Stay optimistic sooner market will recover. Its good market is doing correction so we can expect some good move in the coming weeks even it's a good time to add more coins rather than afraid.

We can calm down, but other people can not do the same as us because some of them are buying bitcoin at a high price and not selling at the right time, making them hold their bitcoin now. Some of them already sell their bitcoin at a loss and they hope they can buy back bitcoin again at another low price. It is too unpredictable to enter the market but yes, I agree that we need to stay optimistic because this moment is just temporary. After all, the price will rise higher soon.

These kind of people are just new to cryptocurrency. They will return back as soon as the price get back to +65K I think. Such things happens all the time.

I would say that we need to wait for a couple of days before making a decision if it is just a correction or market changed its trend. This is not the first time price get down so heavily. Luckily we have a resistance line at 58-59k. We the price bounces back again, we might be lucky to see another ATH this year. But in general, I think we would stay on 60k +/- level till the end of the year. We must gain a foothold before we start conquering another ATH.

I also assume that the real price decline is a normal correction, as the market's response to the recent ATH of Bitcoin. Hopefully, by the end of the year, we can still see significant increases in the prices of major altcoins. Then the moment of profit fixation will come.

I have a little doubt, here I see a cycle that the market will experience a bearish phase. My reference is from the movement of bitcoin since a decade. There is a year of situations like the current all coins reaching ATH both bitcoin, ethereum and many more. After that at the end of the year until the beginning of the following year the market experienced a severe bearish phase.

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point. I am ready to face the coming bear market because what I am holding has been safely released, because my target has been achieved

Certainly this is not the time for the Bear Market, the month of November always carries a loss for speculators, but we have to persevere more, I think that the time is right to buy and that the opportunities are renewed, we will certainly see at the end of this year a very strong rise for Bitcoin and Alt Coin so we have to persevere, it is true that Bitcoin It reached 68000$, but this is not the end of the cycle and it is expected to complete its way towards 80-100k$ despite the strong correction currently. This market is not for the weak hands because they are always the losers and whales are pressuring the market more and more to get the largest amount of Bitcoin, so you have to be patient and continue to stand firm .

It's just a correction.

If it's a bear market then it won't just be 7% of loss in the market that shall be gone. But, it will be more than that and as usual, many will start to panic sell.

But it's not yet the bear and just let this correction happen and pass.

I also think that this is a correction. the push from the bear market is faster than the current decline. after all, the hallmark of a correction is that it occurs after a fairly rapid rise of bitcoin. however, I believe that the price will recover. right now the low I see on CMC is $58,515, and at the moment I believe the price will slowly recover to $62k or $63k.

I agree with you and it also looks like we are already on our way back up to that range. Bitcoin price is back to where it was back on the 06 Nov 2021 and it took about 4 days to go from about $60k to $68k+ on the 10 Nov 2021 before we had the correction. Let's just hope that it will be back uptrend for BTC before the holidays come in.   

That's right, we need clear plans and goals, then corrections and falls will not be so terrible.It will not be possible to hope for eternal growth, because in one day the situation can change dramatically for the worse.I have already successfully sold many assets, those that were at high risk before the fall.And bitcoin will still show a good result)

Market is always been critical specially after coming from all time high->dip.

And that's what we are experiencing, the global crypto market cap is still down, meaning, investors are moving up, selling their coins and not investing.

What's important though, is that we didn't suffered a massive flash crash, price of some altcoins are way above, Ethereum for instance is still >$4k, BNB >$500, SOL >$200. So we are still somewhat in the middle, market is undecided. Hopefully, next week we will have a break out run to the upside.

High volatility or simply unpredictable in the first place which is really a very common behavior or thing you would notice once you had stepped your foot into this market.This isnt something that you could really deal off easily or without any problems.Crash and bull runs could happen on least we do expect which means you would really be needing necessary steps and to be wise on getting some advantage
against with the market.

I am aligned with your comment as even I think the market will recover and if bitcoin crosses $62K and stays about it during this weekend then we can expect further improvement in the price and as far as the bearish market is concerned I believe we may see it next year but it's wouldn't be worst and longer like the previous bear run since the market has evolved and it would be difficult to manipulate a huge margin this time.

Well that is an "if only" scenario, but you already knew that altcoins tend to follow Bitcoin price movement quite a lot.

Bitcoin already beat its last ATH so that's another thing. Just keep holding, OP. If you were here since 2018, which I believe so since you registered here back in 2017, you should already had experience the lowest of Bitcoin and this whatever "red" marker are you talking about would be just nothing.

It was never advised to sell during a red market in the first place, so to correct your last phrase, holding during a red market is not just the best decision but a must if one must not loose money,...

Speaking of the market, it is just China at it again, their fud always has a way of affecting the market but I believe it's just a matter of little time and the crypto space will out grow their constant fud.
I believe the market will recover again soon which I guess it's already doing at the time of me typing this, but anyways, let's see that happens moving forward.

I think there is a correction in the market. Because for a long time the price of Bitcoin was almost fixed. The bleeding in the market has stopped and almost all the coins in the market are showing green signal. According to various experts, the bear market will start in Q2 of 2022.

As for me, what is happening on the market right now is what happened before. By the end of this 2021, many, and I, too, expect a new bulrun, and many factors indicate this, but which one it will be difficult to guess, but most likely it should start already this month. If it happens, then at the beginning of the new 2022 we will see a drop in cryptocurrency prices and this will mean that everything is going according to plan and will show once again that the crypto market is cyclical. So for me personally, everything is clear and I just have to go with the flow. But as we know, sometimes surprises occur on the market, which means that you need to closely monitor the market and the events taking place on it. This will allow you to react in time to sudden changes.

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

Still correction almost two day and bitcoin keep down under $60,000, there are not any bad news like fud from China or United State but bitcoin price suddenly crash last two day from $65,000 become $58,000 last morning. When bitcoin suddenly dump almost altcoin crash more than 50% and need patient waiting for bitcoin recovery and altcoin back to higher price. Not any positive news to make bitcoin and altcoin faster take recovery to higher price.

Your friend probably read an article or news on the internet where they do the price prediction and told you the same. Those are all speculation. The crypto market is unpredictable. Just read what you wrote. It is all "ifs" and "maybes". The current crash is because of some FUDs being spread. And we needed this correction. Just zoom out a little and you will see how much we went up within few weeks. A little correction means is always healthy. Don't worrying a lot about the "correction" or the "bear market". Take advantage of the price dip and start investing.

China? Why does the country still want to grapple with Bitcoin? I guess they are no longer entitled to return after the mining betrayal that devastated the Bitcoin market in recent months. Everyone should move away from China and disagree that China is playing with Bitcoin. Because after all, their cunning is only to support their existence as the achievement of global market ambitions. Correction is a natural thing, after all we are used to it. Moreover, Bitcoin has reached ATH several times in 2021. So it is only natural that it finally stops at a certain point. We believe adoption next year will also be more massive, developing and developed countries have looked at Bitcoin for a long time and made it a legal payment in the form of various transactions.

I will not be apathetic when it comes to the future of Bitcoin. If we go back in time then the current price has become a fantastic price. Every correction, no matter how big, is for long-term holders an opportunity to collect even more.

10% down for BTC doesn't mean the start of bear market. earlier BTC had more significant pullbacks and some investors began to panic but then BTC recovered in several days.

Yes now just waiting for the right time to start over with a mature plan and a different target. Maybe people's views about the steps we take are too early to sell assets.  This is my financial management has achieved the planned target.  be careful playing when the price is in a peak position because it has a very high risk because if the bear season has arrived it will take a long time to look for bulls

Regardless of the reason on why bitcoin and alts had a correction lets not forget that its the nature of crypto and quite normal to see a correction. Thus we need to take advantage the situation for our own good, means a time to buy to those who are planning to have additional coins in their portfolio.

Anyway, I dont think we are heading to bear market now since we are in the 4th quarter. Before the year end is often the exciting part of the year for crypto especially for bitcoin. Although we had a minor dip, the price is somehow recovering and I think its not going to plunge further. $50k might be the lowest price we can see since many investors are also buying thats why the price is not consistently declining.

But there is still a downtrend for the crypto market, making many new people think that it will continue. This correction makes people need to be careful to select the coin as many of them are dropped too following bitcoin price. Yes, bitcoin will recover sooner or later and the price will be back to the high price and who knows, this drop can help the price to lift to the high price. We should calm down for a while in this downtrend and still analyze just in case we have a chance to enter the market or only watch the market.

Small corrections like this are common, but I'm optimistic that the market will skyrocket again soon, and glad that the price of ethereum and BNB didn't drop for too long and was only around 8% a week, I'm sure the market will continue to skyrocket and the biggest influencing factor will be ethereum which will soon pass $5000 this month.

Now I think that the price of bitcoin will go down for a while now, it will be seen again that it will go up for a while but it will not go down, maybe it will go down for two to three thousand, it will go down again, it will not go up twice that way.  Very good

You know the rule that says that sometimes holding on does more damage than when you’re letting? Yes, that same thing do apply to cryptocurrency sometimes, because there are times that you’re not meant to keep holding. You should know when to continue holding and when the holding is doing more damage than good. At some point you need to take profit, and you can decide whether to continue or not.

Anyways, I don’t think that the market is really in a severe situation, because it’s already recovering already. This is not the first, the market has already gone below $60,000 after reaching the first ATH price that was above $60,000 price. But after sometime it still got back up and made it to another new ATH price. It’s possible that it would be maintaining this level until the year is over. No one is completely sure about that, so you have to be very careful.

I've personally decided to hold on to my Cryptos, irrespective of the market volatility. I agree that this period is a very important and impactful to the general view of the market, but I'll still stand on my decision to hold on. I'm of the opinion that we'll have more bullish trend after this present corrections. The bull run that is coming would see bitcoin and ethereum to a higher ATH.

I would say it's just a correction. But this is crypto, anything could happen.
Somehow i believe we have a few more good months ahead, but then again....

As you say it is too early to make any kind of call about where the market is headed, I understand that if a person has just entered the market during the last month or so then they could be worried about the current decrease in the price we are witnessing, but to me this is nothing to worry about, on the market of cryptocurrencies these kind of movements are normal and happen all the time to the point people like us have gotten used to them, still it is important to keep an eye on the markets to see if this trend reverses or if it accelerates.

When markets are very bullish, there come news or chaotic statements that can create panic in the market. I think that the news have helped btc to settle at an important level from where nobody from both sides can decide the direction of btc.
Correction was about to happen considering btc's steady growth without retracing back at some points below, so I think we may see an under $50k btc soon before the next upper wave again.

I agree that this is correction. Now a lot of interesting and useful products appear like DEX, lending platforms, NFT minting and so on https://medium.com/@axltoken
It offers a lot of opportunities for earning money and makes financial servieces available to all the people.

This correction honestly isn’t that big and also isn’t that impactful, so many traders are worrying about this correction because it’s broken the resistence at around 60000 but honestly it’s really nothing to sweat about because the market could easily recover from it. There are some new threads come and the creator of these threads were feeling worry about the current dump. I guess they never experienced the massive correction like this.
Even so many altcoins mainly the NFTs are not affected at all and even if they do, they recover in no time simply because there was panic sellers who caused the temporary correction and then many traders realize that the correction isn’t really that big of a deal and accumulate at the bottom after that because it’s sucha  good opportunity to get some coins at discounted value, more like a flash discount tbh. Now it has been proven that it’s just simply a correction and it seems the bearish market will not coming until next year, when that will happen we don’t really know but surely a bullrun will definitely have an end to it so don’t expect it to last forever. The bad news was also helping to push the correction.

After such a long and significant growth, there must be a correction as the market is really overheated. I don't know if it will be a protracted bear market or just a correction, but anyway I plan to sell off some altcoins and accumulate stable coins so as to buy out the bottom then.
I am not going to sell bitcoin and some other mainstream currencies, but I will enlarge my position in them.

It might be a correction only for bitcoin market and probably most of the altcoins might have started their bear trend by this time. Yeah, this is how altcoins will react against bitcoin's correction and bear market. It is like bitcoin enter into a temporary correction and altcoins will follow and then bitcoin will recover but most altcoins will fail to recover. That is because most of the altcoins are not having their own potential to follow the direction of bitcoin markets. It means such altcoins need their devs to pump but most devs get busy in another shitcoin.

This is the reason it is highly recommended to go for altcoin investments just for the reason of diversification; this way only less than 20% of total portfolio is suitable for altcoin or investments and the rest are obviously belong to bitcoin investment.

If you are afraid to take higher risk, then focus more on bitcoin and reserve small funds for altcoins. Besides, you are only going to lose if you start selling your coins at a low price.

I must say that we are only experiencing a correction and this should never reach to a point to be panic and then sell off. Probably, the market will be back to normal again and all of those strong coins will be bullish again, except for those who have no potentials, they might never recover their value anymore.

Obviously, it's just a correction as bitcoin is slowly recovering now, it dumped at $55k and now it's already trading at $59k, when it continues to $60k, then it's a good sign that it will stay at that level and will try to break again the walls for a new ATH.

The bear market has not come yet, sometimes we are just shocked or worried when we see a huge dump, but that's actually a normal thing since high volatility is still here.

I don't think that, Correction is the very important in every market because if correction will not happen in a market then market can be a crash hard any time so correction is very necessary to go market for next movement.

I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.

It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022

Right. We are still in a correction phase, and anything could happen making bitcoin even dumps lower than $50k but after that, bitcoin will be seen recovering again. But for altcoins who have less potentials to survive, maybe they will no longer recover again. But the good thing about having a correction, it will create a strong support for bitcoin and other major altcoins to reach new ATH right after the correction is over. So we'll just wait for that so we can see new all time highs before 2021 ends.

Bearish season will mostly come after december so if it will still be the trend for this year, so there's no need to doubt either we are still in a correction or we are entering already the bear season.

For me, all i can say is that we are still in a correction at the moment so this is a good time to buy bitcoin and other good altcoins that have been dumping too so we can ride the bull run and enjoy the profits right after this. This correction even brings another opportunity to create a higher ATH for these solid coins as the price support will become stronger this time.

Long term hodlers are not afraid of bear market especially those that believe in the project they invested, it's usually the traders that do press the panic button and can turn a simple correction into a bearish market.
If traders trend are bullish then there is no cause for concern otherwise you're welcome to the end of the most bullish run crypto has ever seen in years.

I honestly don't know why some people are labeling this as a deep or violent correction when ETH and BTC have actually only lost something like 20% in a week. That's not small but it's not terrible. Anyone who's been in crypto knows 40 and 50% in even a day is possible and that's what I'd call deep or violent.

This is more just profittaking.

That would be highly unlikely, most likely a price below 10k is gone forever, now some may think about this as a real possibility because if the price crashed as hard as it did back in 2017 from the current ATH we could reach a level close to that.

However taking into account the price has not risen in such a meteoric fashion then it is unlikely the crash is going to be as harsh, and this is even more true if we take into account institutional investors, after all they could lose a fortune with a price that low, so if the price was crashing they will probably intervene and buy bitcoin to try to stop the drop in the price.

There are still many newbies now who always aim for continuous growth. Those who’d experience the 2017 pump and dump will not be easily swayed now whenever the price dump since the percentage of decline before is way higher that causes many projects not to survive or recover. Correction these days is normal since the price is indeed high and these way others can sell and others were getting their profit. Unlike before that I fear whenever the price decline at 20% or higher now I don’t usually notice it and just keep trading.

No I wouldn't say it's just newbies. There are legendaries and people I've seen for years who keep falling for the same hype trap year after year, trying to trade and making a few points of profit only to lose it all in the next hype. All of this fear when Bitcoin drops like this, keeps working on them, so they drop everything and fail to buy on dips, and fail therefore to be in a position to take true profits at the good high.

Newbies have an excuse at least lol.

but for me 10-20% is deep enough just for a correction to happen in just a few days. more than that means the market is not doing well and it can't be called a correction. rather than being called profit taking, it looks like panic selling is an apt description of it.

and for me for now the market looks just a correction. but if it drops more than this, maybe traders will start panic selling.

Sure it's not a small percentage but it's not a crisis like a lot of people are calling it, man, that's all I'm saying. I mean all this acting like it's a disaster and pretending bitcoin isn't volatile, that's just being dramatic.

Either way, you calling it correction and me calling it profittaking doesn't make the situation change, it's definitely still struggling below #60k lol

Long live the hodlers!

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

It is likely that it will be like that because when the correction looks very deep in the cryptocurrency market, then the amount of increase that will occur after the correction will also be very large, both at the end of this year and at the beginning of next year.

We need to be optimistic if we do have good amount of investment, it's true that this past months the market still showing good bounce back

each time correction take place, as of this moment we are in a bad condition  we don't know if how long it will take, some say that it's just a short one while others are seeing this as good chance to buy and store.

Whatever you think or believe just stay optimistic everything will be fine ;)

I think it's just a little correction, I'm sure the market will continue to grow so that this year it will reach new ATH big coins like bitcoin, Binance, Ethereum and so on, don't panic when there is a correction, successful investors will make price corrections like now an opportunity to buy a lot because can get a lower price.

We will see by the end of the month, if the market is still not bullish, then most likely a bear season is coming. Although it's too early to think of that, at least we should be ready for that possibility as the bear market happens in the past and it could also happen in the future, meaning, it's part of the market cycle.

When viewed from the previous history the cryptocurreny market always fell at the beginning of the year. I'm sure, in early 2022 we will have a pretty big correction. However, if the crypto trend is strong. The bear market won't be long. Usually Q3 is the time we come back well until Q4 returns ath. Correction in the cryptocurrency market is a natural and mandatory to make the cryptocurrency grow healthily. Without price manipulation.

We've all seen the Bitcoin market hit some new all-time highs, regulatory talk with the potential to have a major impact on the industry, and more institutional buying from big companies. Meanwhile, people's interest in crypto has skyrocketed this year, in November set another new all-time high price when it went over $68,000 This volatility is a big part of why experts recommend keeping your crypto investments, so I think this is just a price correction because there are no signs of a price reversal.

I don't think this correction period is something to be afraid of. The market needs this kind of correction for balancing and based on what I've observed for years, the end of the year is usually the bearish season. There are lots of events that affect the current market situation but instead of panicking, it would be better to take it as an opportunity to buy and accumulate more.

These few days the market is corrected deeply and what many experts analyze is that the market will skyrocket and in november will reach new ATH $75k now have to be patient, i believe this is just a correction and the market will be green soon before december and now is the best time to buy altcoins like Shiba Inu and IOTA.

We do not even have to be optimistic too much. There are two options in my mind that could possibly happen; either we are going to have a recovery and this was just a correction, or we are going to have a huge crash but then we are going to recover from that as well anyway. So whatever happens, in my mind I know that we are going to recover from it and that's fine. This is why I do not worry about what's going on in short term, it happens to be a bad week? Who cares, as long as years look great then I am feeling great.

I know that many people want to trade in very short terms and those people are upset that we didn't had any decent situation at hand, but that doesn't mean that we are going to end up with a bad price for a very long time so they should be patient about it as well. As long as you could wait, you are going to profit in the crypto world.

Not necessarily also as you said that there will be a big increase after the market correction recovered. For me, the process so that the correction situation can be completed quickly is sufficient and currently the market (https://coinmarketcap.com/) is looking good. Coins like Bitcoin are already close to hitting $60K with an increase of 3.62 in 24 hours.

Your analysis seems very interesting to me and it may be very probable, however I analyze the market by Wyckoff's theory and I am guided a lot by the teachings of Jesse Livermore, and based on the uptrend, by Wyckoff it may depend on the type of temporaliadd that it is chosen, but in the long term for me the trend is bullish, in fact many experts assure that the price of BTC can even reach $ 150k and more, this according to some expert analysts from Wall Steet, then everything indicates that the market It can probably take a bullish turn, but it is not necessary to trust, because sometimes the market does everything contrary to the mass, however its analysis seems very correct and fits with everything that is happening at the moment.

I agree with your words. Because it is never right to do anything with emphasis on someone's words in the crypt. Yes, if someone says something, it should be determined by researching from below. As you have done. If everyone uses this, then everyone will be in a better position in crypt