Bitcoin Forum

Economy => Economics => Topic started by: ashmodeus on February 10, 2021, 10:19:19 AM



Title: Where the correction ?
Post by: ashmodeus on February 10, 2021, 10:19:19 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.


Title: Re: Where the correction ?
Post by: xSkylarx on February 10, 2021, 10:41:17 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Just set your stop loss or take profit now if you're afraid for a big correction. And I don't think it's a fake bull just like 2017, just as you said a big company like TESLA now invested in bitcoin. This could be a catalyst for more big companies to also invest. Correction can happen but I don't expect it to be that big like what happened in 2018. The huge increase now is because more companies are looking to invest in bitcoin not just because of hype.


Title: Re: Where the correction ?
Post by: ashmodeus on February 10, 2021, 11:00:00 AM
yep , i cleary see the fact about it, bitcoin balance on exchange get all time low , getting drained by private investor or whales over there , also hashrate getting higher and higher , which mean its tend to healthy, hmm , seems pretty well , probably just a small correction would be happen, i also wonder probably if whales from 20k try to unload their bag, its posibly a chance for another to get in.


Title: Re: Where the correction ?
Post by: Oasisman on February 10, 2021, 11:53:20 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
1. Nobody knows what will happen with the next crypto price action.
2. Bitcoin could possible break through $50,000 sooner because of the Elon Musk announcement of buying Bitcoin, and firms from the S&P 500 might follow suit.
3. There's no fake bullrun (obviously). This year is the biggest bullrun in history of Bitcoin.
4. It's good to see you made good profit from your investment, but I haven't heard of those alts you have mentioned lol  :D
5. Correction happened when Bitcoin was hovering around $30k to $33k.


Title: Re: Where the correction ?
Post by: Saisher on February 10, 2021, 12:15:26 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Why look for a correction when we are doing great, enjoy the ride and the journey, you've mentioned you made a good profit, keep the profit steady and coming but at the same time, always careful on any hint of a correction or even crash do not disregards these FUDS sometimes it give us hint of what's coming.


Title: Re: Where the correction ?
Post by: youdacapt on February 10, 2021, 12:20:30 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

The corrections arre here; i suppose you have not been paying attention or perhaps you want to reference the bear market instead; cake token i know has hovered around 6$ before going to 7$ and this morning; it has been  back and forth 6$. The same correction has applied to Juld; bnb too. We currently have a sustainable bull market on the fundamentals; my only fear is that all relies on bitcoin price movement. Would altcoin maintain the price and volume with a bear bitcoin price?


Title: Re: Where the correction ?
Post by: Yogee on February 10, 2021, 12:37:45 PM
You should probably take out your initial capital and some little profit in fiat if you are worried about the coming of a major correction. That will take out the pressure of selling at a loss since everything else will be profit whatever the price of the coin or token in the next months.

Those four tokens are from Binance Smart Chain if I am not mistaken. You did well.


Title: Re: Where the correction ?
Post by: Reid on February 10, 2021, 01:31:13 PM
It's difficult to predict that.
Perhaps there will be none. That's a good thing right? But for those who want to buy in for a cheaper price.  ;D

I mean, with all the popularity that cryptocurrencies are getting, it's difficult to foresee who or when they will try to dump it again.
Lot's of hope and expectation and I bet they want to hold all the coins for now and would rather sell at a higher price.
What's the higher price? We also don't know.


Title: Re: Where the correction ?
Post by: jrrsparkles on February 10, 2021, 02:16:23 PM
No one knows and nake your own decisions regarding whether you want to HODL even after getting 12x profits in less than 3 months. If I was you and willing to make profits then I will sell all the assets and wait for the correction, even if it is not happening still you made 1200% returns.


Title: Re: Where the correction ?
Post by: oHnK on February 10, 2021, 02:31:28 PM
Although it is legitimate to feel like a fake bull, we can see the basic reason why crypto prices are soaring. As well as starting to expand the market that accepts Bitcoin, large corporate companies are starting to openly buy Bitcoin in very large amounts. This makes the market think that the future of Bitcoin and other cryptos is very bright. So that the number of requests in the market exceeds the number of offers. Naturally, the price would skyrocket to over 40k USD.


Title: Re: Where the correction ?
Post by: laredo7mm on February 10, 2021, 02:38:27 PM
yep , i cleary see the fact about it, bitcoin balance on exchange get all time low , getting drained by private investor or whales over there , also hashrate getting higher and higher , which mean its tend to healthy, hmm , seems pretty well , probably just a small correction would be happen, i also wonder probably if whales from 20k try to unload their bag, its posibly a chance for another to get in.

I do not think whales for 20k are looking for only 2X ROI this time. This will be a bigger bull run and whales know institutional investors are getting into the crypto market slowly. There will be some small correction as usual but don't expect too much from this bull market.

It's difficult to predict that.
Perhaps there will be none. That's a good thing right? But for those who want to buy in for a cheaper price.  ;D



You can not say that either. But I am 90% sure that we are not near another big correction zone. As CZ said we just lack imagination about the price.


Title: Re: Where the correction ?
Post by: Febo on February 10, 2021, 03:52:51 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Not the correction, but a bear market will come sooner or latter. Ofcourse it will not be a sudden. It will take a year or two to reach bottom. You can expect price of Bitcoin decrease 80%.  So lets say it happen now it would mean for price to go under $10k.  For altcoins you are talking about price can decrease for more than 95%.


Title: Re: Where the correction ?
Post by: electronicash on February 10, 2021, 03:54:06 PM
why do people think there will be a correction, enjoy your profit because of this good market condition, to be safe you take your capital from the profits you invest and leave the rest to be used again.at times like this taking profits in a short time can occur if you choose a coin that will really go up, and in a week it can be above 100%.
if market going red, then hold or you buy more with money you withdraw before,aftter correction market will be rise again.

the last bullrun made them cautious of what might just happen next. they didn't think it will last quickly so they tend to invest more money by cashing in from their banks to crypto exchanges. we are all cautious actually.

you don't want the market to snatch the profit you have earned right now through the altcoins when the prices crash so if they know when exactly the correction at least they can turn it all into stablecoin before it happen.


Title: Re: Where the correction ?
Post by: sunsilk on February 10, 2021, 04:01:59 PM
This isn't a fake bull run. And if you want the correction, I guess we're just on it. But this won't take for a long time. Bitcoin from $46k-$47k, down to $44k. And this is a healthy correction for bitcoin and as bitcoin corrects, most of the alts did followed.

Those altcoins that you were holding became a winner too. Egld did gained a lot on this bull run and if you're just looking for a proper timing to buy bitcoin, here you go. The signal is in.


Title: Re: Where the correction ?
Post by: muenze on February 10, 2021, 04:02:14 PM
One path to a correction


is when Stocks start crashing hard. I can see a lot of "wall street bitcoin" short stocks, or even buy
cheap stocks then. So they pull money out of Bitcoin in a stock crash.

Same thing happened when Covid19 started. Crypto did not immediately rise, actually first it
fell as stocks fell too. And it took quite a few months for Bitcoin to go up.

One reason why a correction may not happen

is when people stay unsure about where else to put their cash.

Gold and silver have become pretty boring for a lot of investors and there appear to be unlimited
supply of these in space which probably will start to be harvested within the next 10 years.

People wont buy that much real estate in a huge financial crises when they cannot find renters.

A huge wave of corporate (and private) Bitcoin adaption might be about to happen.

Note: My writings are for long term price only





Title: Re: Where the correction ?
Post by: jasonjm on February 10, 2021, 04:59:50 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

I think bull is here to stay for some time and with the involvement of institutes and companies there is a possibility that we may not see a usual correction at the moment. Recent news regarding Tesla investing $1.5B into BTC help the crypto market in another pump and BTC reached a new ATH. Correction might happened after 6 to 7 months but trend of that correction will be totally different this time.


Title: Re: Where the correction ?
Post by: TedMosby on February 10, 2021, 05:16:01 PM
IMO, this year could be different from 2017-2018.
but I understand that people start worrying because of their trauma of the past year (yeah, me too).
a lot of big names already jumped into this space. They won't ruin their integrity by doing something bad.
Elon is the richest man alive with his Tesla and SpaceX company. I believe he is a visioner person considering what he has done before.
People will start to follow him. Stocks are boring, Gold and Silver are very conservative things. Crypto is the thing.
I follow some stocks influencers on Instagram, their impression when they knew bitcoin price pumped hardly is bad.
Something like "the bubble will explode", "monkey business", "no fundamental", "no company", blablablah..
When Elon became our friends, all the bad comments decreased significantly.
People start to take this seriously, even stocks influencers that I follow starts shilling crypto more often  ;D
The correction will happen, but those people who don't have BTC will catch it fast because the red market means a cheaper price compared to what they have seen before.


Title: Re: Where the correction ?
Post by: iv4n on February 10, 2021, 05:55:06 PM
IMO, this year could be different from 2017-2018.

This year is different! Definitely!
To be honest, I thought about correction for the first time when we crossed $20k! We are over $40k, again! And looks after some top price is slowly dropping, but what will happen next, only God knows, if he exists!
I see people writing about +$60k, as the next stop after cooling down... I read a good deal of stuff, and in moments I just get more confused! So I will wait for correction with the bigger part of my money, I decided like that, I will take that risk!


Title: Re: Where the correction ?
Post by: Mahanton on February 10, 2021, 06:04:30 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Don't mind about the correction and it would be more wise if you do secure your profits first before making other step.
12x ROI isn't something that someone could able to pull it off towards their investment. Don't be greedy and be contented on what
you had earned because these chances doesn't really come often and its more wise to convert those out before the market
tends to shift into the other side which would really be giving you out that feeling of regret.


Title: Re: Where the correction ?
Post by: macson on February 10, 2021, 06:11:25 PM
the market correction seems to be very difficult but this only applies to Bitcoin, I don't know about Altcoins (maybe it's a fake bull)....seeing this https://finance.yahoo.com/news/7-public-companies-with-exposure-to-bitcoin-154201525.html I am sure that the price of Bitcoin will not fall again (because HOLDERS are a price fortress).  Bitcoin is already a rock-solid rock but I'm not sure about Altcoins.


Title: Re: Where the correction ?
Post by: Novatech8 on February 10, 2021, 06:42:11 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
There will surely be correction but further corrections is what I'm not sure of because whales are in every corner trying to get in cheaper, if correction takes place big whales like tesla can buy again and thus keep pumping over and over, we really can't say when all this will be over


Title: Re: Where the correction ?
Post by: Novatech8 on February 10, 2021, 06:43:37 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Instead of trying to figure out when correction will take place it's better to take your profit once you reach your aim, if you are worried about corrections it means you haven't take profits yet, do not end up like people in 2017 and 2018 who refuse to to take profit


Title: Re: Where the correction ?
Post by: Princejebs on February 10, 2021, 08:34:18 PM
the market correction seems to be very difficult but this only applies to Bitcoin, I don't know about Altcoins (maybe it's a fake bull)....seeing this https://finance.yahoo.com/news/7-public-companies-with-exposure-to-bitcoin-154201525.html I am sure that the price of Bitcoin will not fall again (because HOLDERS are a price fortress).  Bitcoin is already a rock-solid rock but I'm not sure about Altcoins.

With the way bitcoin has caught attention of the institutions, I doubt if we will ever see cheap bitcoin again.
Elon bought bitcoin worth 1.5B, do you think they will sell it low just to exit the market at loss?
Definitely, they are in for profit and for long time and he will keep doing so until he achieve his aim.
Last month when btc was trying to fall below $30k, he added btc on his profile and we all saw how the market reacted and people fomo. That's wlthe power of an influential and manipulation.


Title: Re: Where the correction ?
Post by: Yaunfitda on February 10, 2021, 08:54:29 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ?
Party has just began, when big institution came into the scene.

or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
It will be bigger, so the future is bright, specially Elon and his Tesla just injected billions into the market in the last couple of months. Of course there will be healthy corrections, because a parabolic rise is not good, but I doubt that we will se flash crash or massive dump. If we did, recovery will be very quick, that's for sure.


Title: Re: Where the correction ?
Post by: vaultman on February 10, 2021, 09:54:30 PM
I think that the corrections will be small, but the value of bitcoin will still grow, it will just happen gradually. It is enough to read the news about who invests their funds in bitcoin and you will understand how far everything has gone, now the bitcoin value has no way back, only forward.


Title: Re: Where the correction ?
Post by: asriloni on February 10, 2021, 10:27:23 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question ,
Nice ROI and you should be a lucky guy.

where the correction ,
Not yet happened.

it is the party will be over soon ?
I'm not sure about this but the answer should be maybe yes and maybe. No one knows about this. It can over anytime but if we are seeing from the progress that already made by crypto and it's quite impossible to happen in short time.

or it will be bigger since as we know recently big company like TESLA even accepted bitcoin ,
More big players join in crypto and this will be adding more fundamental supply and the bearish will not happen again.

or its just fake bull ? if yes , i cant imagine how big the correction will happen.
If that's a fake bullrun and you will never get 12x, is not it? that doesn't make sense to call it as the fake bullrun.


Title: Re: Where the correction ?
Post by: AndySt on February 10, 2021, 10:40:25 PM
I think that the corrections will be small, but the value of bitcoin will still grow, it will just happen gradually. It is enough to read the news about who invests their funds in bitcoin and you will understand how far everything has gone, now the bitcoin value has no way back, only forward.
I would like to believe that there will not be a big correction, but the memory of the previous ups of the exchange rate price gives rise to some doubts.The news related to the purchase of bitcoins by Tesla certainly gave some impetus to the market, but still this is an isolated phenomenon and there are no such daredevils among megacorporations yet, and therefore, in order to avoid a return path in the price, more such purchases are needed.


Title: Re: Where the correction ?
Post by: Shasha80 on February 10, 2021, 11:01:01 PM
The rise in the price of Bitcoin and some altcoins has gone too high in recent days. So in my opinion there will be a correction soon, so if you are
already profitable. Take profit immediately, and don't forget to use stop-losses, if you are still sure the crypto market can still go up even higher.
So if a correction occurs suddenly, the losses you experience will not be too big. But if there is a correction I am sure the Bitcoin price will not drop
below $ 35k. Because with the TESLA investing in Bitcoin makes Bitcoin fundamentals even stronger.


Title: Re: Where the correction ?
Post by: Ridwan Fauzi on February 10, 2021, 11:11:19 PM
Glad to hear that, but if you investing your money to buy those coins in different situation maybe you will be lose your money and yoj thread now will be like how to trade well/how to invest well. Because each trader/investor should know where the correction comes or where the coin that he bought will increase.

You may need to learn technical analyst first and I suggest to sell your investment first before you lose. Crypto currency movement is different from traditional investment place, moreover in altcoin. You could lose your money after you have profited, yeah in a second. The volatility price is high I even see bitcoin volatility price is low than altcoin.


Title: Re: Where the correction ?
Post by: Twinkledoe on February 10, 2021, 11:20:31 PM
The rise in the price of Bitcoin and some altcoins has gone too high in recent days. So in my opinion there will be a correction soon, so if you are
already profitable. Take profit immediately, and don't forget to use stop-losses, if you are still sure the crypto market can still go up even higher.
So if a correction occurs suddenly, the losses you experience will not be too big. But if there is a correction I am sure the Bitcoin price will not drop
below $ 35k. Because with the TESLA investing in Bitcoin makes Bitcoin fundamentals even stronger.

Very right, and the alts mentioned by the OP are even not in the top. So if he is already in good profit, better exchange to btc/eth or other top alts that you know has always been in the market. It is hard to trust new alts as they can plunge anytime. He's asking for correction and if correction comes, he may not like it.


Title: Re: Where the correction ?
Post by: ashmodeus on February 11, 2021, 11:23:59 AM
4. It's good to see you made good profit from your investment, but I haven't heard of those alts you have mentioned lol  :D
lmao , you dont need to know about it xD, its just hype investement.
Why look for a correction when we are doing great, enjoy the ride and the journey, you've mentioned you made a good profit, keep the profit steady and coming but at the same time, always careful on any hint of a correction or even crash do not disregards these FUDS sometimes it give us hint of what's coming.
i dont look for it, i just wonder xD

I do not think whales for 20k are looking for only 2X ROI this time. This will be a bigger bull run and whales know institutional investors are getting into the crypto market slowly. There will be some small correction as usual but don't expect too much from this bull market.
i know it, they should hold it according the prediction , even 10k whales pretend doesn't care about today price xD.

You can not say that either. But I am 90% sure that we are not near another big correction zone. As CZ said we just lack imagination about the price.
not yet, i just realized it today.


Title: Re: Where the correction ?
Post by: barbara44 on February 11, 2021, 06:40:49 PM
Do not look at the history, history was something that happened in the past and we need to look at the future in order to try figure out what is going to happen. After all we are in a world where having bitcoin dropped in 2018 doesn't mean that it will drop in 2022 as well. More precisely, bitcoin was around 100 dollars and moved to 1400 dollars in 2014, and it was around 700 dollars and moved to 20k in 2017 only three years later after having a big fall in the middle, it was about 7k and moved to 40k in 2020 as well, three years later, after having a big fall in the middle.

By this calculation if 2015 was a low year, and if 2018 was a low year, it should be 2021 that is a low year. But it is not right? We have seen bitcoin actually go up even further high during this period, we went into 2021 with something like 30k-35k levels and we have peaked at 47k, the all time high stands in 2021, which shows history doesn't always repeat itself.


Title: Re: Where the correction ?
Post by: TheUltraElite on February 12, 2021, 08:01:27 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction ,
Correction may take time to occur. But that would mean a loss for your since you are already in gains?

Quote
it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Just keep one thing in mind. If it goes up it has to come down. It is only a question of when not how.

Since currently big companies have invested or shown interest in crypto, bull run is happening. But ask me, this is a inorganic bullish trend. I suspect the market to crash very soon and that would be the time when the FOMO will stop.

If you are in gains, sell those coins and book the profit in a stablecoin only to buy back BTC when the BTC price goes down or sell for BTC directly. Either way, this is the time to sell coins and not buy into the FOMO.


Title: Re: Where the correction ?
Post by: Janation on February 12, 2021, 11:43:54 AM
I think it already happened? Maybe?

When we reach the new ATH, the price went down lower close to the range of $20K but it just went up after that. Maybe the price is still going strong, it is still so strong that the correction that happened is not that felt unlike in the past. As other people said, I think this year is different, and with massive investors and adoptions happening, that correction can't be felt.


Title: Re: Where the correction ?
Post by: jostorres on February 12, 2021, 05:01:45 PM
I think it already happened? Maybe?

When we reach the new ATH, the price went down lower close to the range of $20K but it just went up after that. Maybe the price is still going strong, it is still so strong that the correction that happened is not that felt unlike in the past. As other people said, I think this year is different, and with massive investors and adoptions happening, that correction can't be felt.
Agree. We already had correction, price reached 41k, and went as low as 29k at one point and now we peaked at 47k+ as well and went up, that in between of 12k fall was the correction, and it wasn't even that small drop neither, even though we were still x3 in the 365 day high/low difference, we still managed to drop 12k, let me put it this way, at the start of the 2020 year we were 7k, so we have dropped 1.5x times MORE than the entire price a year ago, if you can't call that a correction I don't know what you could call a correction. Which is why I think it is obvious that people could definitely call these a correction and that is what I believe as well.

Of course this doesn't mean that we will never have another correction ever again, we could always have another correction, but at least we are beyond the first big one already.


Title: Re: Where the correction ?
Post by: lienfaye on February 12, 2021, 09:29:50 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
The market is unpredicted and correction can happen anytime soon if investors decided to take profit already. Thus if you dont want to regret not selling during bullrun and contented with the profit you can sell now,  then buy back again when there's a decline.

However we dont know whats next, the prices of the coins can increase further or turn down, no one really knows. Thats why the decision to hold or sell depends on each of us and its really tempting.


Title: Re: Where the correction ?
Post by: kawetsriyanto on February 12, 2021, 09:31:15 PM
I think that every time the price goes up, the market correction will be also following. However, the market correction is not as deep as usual,. It may because the bullish time is still here.
Actually, market correction happens in every coin after its high price and then down very easily in some certain percentage (commonly not more than 10%). However, the recovery at this time is very easy, sometimes it only needs a few days to recover and then make a starting point to rise up again.


Title: Re: Where the correction ?
Post by: Quidat on February 12, 2021, 11:50:17 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
The market is unpredicted and correction can happen anytime soon if investors decided to take profit already. Thus if you dont want to regret not selling during bullrun and contented with the profit you can sell now,  then buy back again when there's a decline.

However we dont know whats next, the prices of the coins can increase further or turn down, no one really knows. Thats why the decision to hold or sell depends on each of us and its really tempting.
Due to temptation i did really sell off my bag and now i dont regret on doing that because i had already secured my profits and now im waiting for the price correction.
Neither it would come or not at least i had secured my profits which do really give out some confidence or simply im not stressed on this one.Correction could really
happen and no one really knows on when it will start out.As an investor then its much more wise if you do already take profit while you can.For long term
then its their choice because we do have different investment decisions.


Title: Re: Where the correction ?
Post by: TravelMug on February 13, 2021, 02:14:26 AM
I think that every time the price goes up, the market correction will be also following. However, the market correction is not as deep as usual,. It may because the bullish time is still here.
Actually, market correction happens in every coin after its high price and then down very easily in some certain percentage (commonly not more than 10%). However, the recovery at this time is very easy, sometimes it only needs a few days to recover and then make a starting point to rise up again.

Right, any market for that matter won't go on a parabolic rise, most of the time it will go on a correction, whether healthy or deep correction. But in our case in crypto, specially in a bull run, corrections are not that deep to create a massive dump.

So currently as we swing to $50k, we should expect at least 5%-7% down the line correction for us to enter again and people taking profits. That's the natural cycle for most crypto.


Title: Re: Where the correction ?
Post by: aioc on February 13, 2021, 03:46:40 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
The bull that we are experiencing right now is not a fake one, it's a true bull and the one that we are waiting for a long time since the Bitcoin crash, you cannot fake a bull run for a long time, and besides many big institutions and big names in investing and corporation are coming in and even promoting like Elon Musk, we'll have a correction from time to time but as long as adoption is progressive the bull run stays and hopefully it will stay long.


Title: Re: Where the correction ?
Post by: michellee on February 13, 2021, 04:00:18 AM
where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
The party still continues and it will not over soon as bitcoin does not yet reach the highest price. The bitcoin price will start another rally to the high price and that means bitcoin will hit the next new ATH, which we can't imagine how high the price will increase. Besides that, bitcoin will get another correction and we already see that happen at the market, and I think every time the price is down, that will be the correction. But unfortunately, we do not know when the correction will happen in the market.


Title: Re: Where the correction ?
Post by: dihari on February 13, 2021, 06:39:10 AM
Enjoy the party as long as you want, but remember you have to go home safely in the morning.
Bitcoin rally is followed by the positive trend of altcoins. We see the green almost everyday and it happen almost in all coins/tokens. I can assure you one thing, in every ath there will be deep correction. It's always like that.
Before it happens, you should set your stop loss or start considering to take profit by now.
No one knows when the corrections will come, but if btc down to 40k in just 2 day, I think it's the time.

Btw do your own research.


Title: Re: Where the correction ?
Post by: TheUltraElite on February 13, 2021, 07:27:54 AM
The bull that we are experiencing right now is not a fake one, it's a true bull and the one that we are waiting for a long time since the Bitcoin crash, you cannot fake a bull run for a long time, and besides many big institutions and big names in investing and corporation are coming in and even promoting like Elon Musk, we'll have a correction from time to time but as long as adoption is progressive the bull run stays and hopefully it will stay long.
I think you are being misled. Celebs care about their money and their company. They know that if they become bullish for a time that product will gain a lot of FOMO. Now since nobody actually controls bitcoin, it becomes their target. I somewhat like and dislike this at the same time because although this brings more attention to bitcoin, the price growth is an inorganic one.

Watch my words carefully, I dont use the term "fake" but "Inorganic". This type of growth does not feature any support/resistance levels and therefore bound to drop or rise unexpectedly. That is why drawing a conclusion based on this growth is dangerous.

Of course you can make money off the market movement. But dont expect to watch Musk be bullish when the market starts crashing. They will all go back to their hole for the rest of the year. I am saying this out of observation not being spiteful.


Title: Re: Where the correction ?
Post by: Nunoluck on February 13, 2021, 08:49:57 AM
It seems that the pattern of bitcoin candle stick chart will be the same as before. There will be a correction but I think we will not see it in near time since the sentiments that Tesla give to bitcoin market is too good. Of course there are also other factors that make this good market condition. As I have been here since long time ago I don't have any worries about what will happen, as long as I hold or buy bitcoin at low price and sell at higher price then everything will be okay, just be patient.


Title: Re: Where the correction ?
Post by: carlisle1 on February 13, 2021, 09:40:15 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Never Look for correction or the Dumping season when you invested Best to Put your own exit amount.
Meaning in each coin that you will consider buying it is the safest to make a target amount on how much you're going to sell so you will not be greedy waiting for too much.
The problem here is that you will not contented as long as you are seeing the growing value in which will end you losing once the dumping happens beyond your waiting.
STOP LOSS is always there to help you keep safer.
and you mentioned having x12 already? aren't you contented ? then you are a total greed .


Title: Re: Where the correction ?
Post by: plr on February 13, 2021, 11:51:37 AM
It seems that the pattern of bitcoin candle stick chart will be the same as before. There will be a correction but I think we will not see it in near time since the sentiments that Tesla give to bitcoin market is too good. Of course there are also other factors that make this good market condition. As I have been here since long time ago I don't have any worries about what will happen, as long as I hold or buy bitcoin at low price and sell at higher price then everything will be okay, just be patient.

Timing is everything now, there will be correction along the way and it's good if it happens and you have funds to buy or altcoins to trade, I believe with the positive trend in the market, there will be very few corrections and Bitcoin will keep moving up and will disappoint, investors who are waiting for the market for a correction.


Title: Re: Where the correction ?
Post by: Finestream on February 13, 2021, 01:14:58 PM
Don't look for the correction, it will come anytime, just enjoy with that good return of profit because in bull market, anything is possible. Just watch out bitcoin closely, as long as it's moving uptrend, you can still expect more altcoins to join the party and some altcoins continue in making its new ATH.

No one knows when the correction will start but one thing for sure, we have already achieve a lot this year and it looks like it's due for correction anytime soon.


Title: Re: Where the correction ?
Post by: bits4books on February 13, 2021, 03:58:42 PM
Why do you need a correction? To then come back and say "hi BT there was a correction and my x12 turned into 0.1 again the bears dropped the market" so what? Or are you crying about missed pump?
Catch the moment now or wait for the first calls and get fixed. Leave the predictions to the fortune tellers and other children with crystal balls and spiritual knowledge.


Title: Re: Where the correction ?
Post by: fullhdpixel on February 13, 2021, 08:18:24 PM
Never Look for correction or the Dumping season when you invested Best to Put your own exit amount.
Meaning in each coin that you will consider buying it is the safest to make a target amount on how much you're going to sell so you will not be greedy waiting for too much.
The problem here is that you will not contented as long as you are seeing the growing value in which will end you losing once the dumping happens beyond your waiting.
STOP LOSS is always there to help you keep safer.
and you mentioned having x12 already? aren't you contented ? then you are a total greed .
Well, having 12x and waiting for more is not really greed, what do you want from him make less money? Is that really the situation? I mean let's say he had 100 dollars, and it became 1200 dollars and he sells and gets out, and suddenly it becomes 2000, he would be losing that extra 800 dollar profit if he gets out, what is wrong with wanting that as well?

Greed is something that is inherently bad that affects others and impact on life, greed is when you want "too" much, and I think wanting what is yours is not too much, he is not doing anything that hurts anyone else, he is just holding and he has every right to keep holding, we should not be attacking him, we should be supporting him because the more crypto people hold the higher prices will get, but when people start to sell to take out their profits that means they will be selling and dropping the price as well hurting all of us.


Title: Re: Where the correction ?
Post by: Stedsm on February 13, 2021, 09:23:45 PM
You brought the correct topic here, my friend. I've had been waiting for so long to discuss this:

The facts:
- BTC at a new ATH and still has chances to break $50k
- Alts are still following the move and I believe the season will continue till Eth continues its rally and moves near $1800
- Many tokens are still looking good to invest
- So many new projects are coming daily and insane investments are needed to become even a part of it

About to happen (in near future maybe):
- An Institutional Sell-off
- Countries like Nigeria (already banned) and India banning BTC
- Tokens' values too high to invest, so there will be a lot of FUD now
- As new projects chime in and give 25-100x at the start, chances are very high that they will get down worst if BTC starts correcting hard

@OP,
You'd better be taking all your profits and searching for new projects to invest if you were me as I'd never leave my money on the table if I'd have 12x ROI on hands already as it's 1200% which, if I ever go for a fixed deposit at my bank, will probably cost me my life in terms of waiting years to reach such ROI through it.


Title: Re: Where the correction ?
Post by: verita1 on February 13, 2021, 10:02:13 PM
Banking institutions would never give ROI that we get on bitcoin and crypto. We are fortunate to know the crypto space and now that large institutions are investing in bitcoin it is changing the course of things.

Many wonder about the correction of bitcoin but I think it will not happen. The most prominent advocates of bitcoin are leaving their jobs to focus on bitcoin alone. Others buy more bitcoin so it makes me feel more secure in this stage of bitcoin and thus altcoins are also appreciating due to the bitcoin effect and also because users can check the solutions they provide and thus gain preference in the market.


Title: Re: Where the correction ?
Post by: coin-investor on February 13, 2021, 11:37:33 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

All your questions are valid, there are so many questions in a highly volatile market and these questions are persisting because the market has never proved its stability, when we are in green we are on a watch on a red sign and so is the other way around, when we are in red we are waiting for the market to go green, the only way you can address those questions is to always watch the market and always be the one to get a hint on where the market is going, it takes time and effort but still worth it.


Title: Re: Where the correction ?
Post by: Porfirii on February 13, 2021, 11:46:04 PM
But who knows? I mean, even after watching the market you can't foresee how it will continue. I don't believe too much in TA, especially for a market that is so volatile and under such a huge number of variants.

We haven't seen the correction, I think, but this doesn't mean we'll start to go down. It seems that alt season is starting, maybe just another cycle, Apple could vouch for Bitcoin at any time... who knows but in that case the correction may have to wait.


Title: Re: Where the correction ?
Post by: coolcoinz on February 14, 2021, 12:56:24 AM
I don't believe the bull run is fake. If it's your first bull market you may be amazed or uncertain, but this is exactly what you see, an exponential rise, rising awareness and confidence that at some point is going to turn into FOMO. How will you recognize FOMO? By fast gains day by day. You'll wake up one day and Bitcoin will be 2k up, go to bed and wake up to see another 3k up, you'll sell, and another day it's going to be another 3k up, so you'll think it's a good time to wait it out because it has to be over soon, but the next day another 5k up, and then you'll buy back in just to be able to wake up the next day and see how much you've made. This is FOMO. We're not yet in the fomo stage.


Title: Re: Where the correction ?
Post by: Princejebs on February 14, 2021, 11:16:20 AM
The correction will certainly come at a point but don't expect market capitalization to dump like the previous years. Looking how money is been injected into crypto, I doubt if those wealthy investors would allow Bitcoin to go down to the point of affecting them.
I know people like
  • Elon Musk
  • Jay Z
  • Jack Dorsey
These are highly influenced people their one tweet can change things.


Title: Re: Where the correction ?
Post by: TheUltraElite on February 20, 2021, 06:42:39 AM
But who knows? I mean, even after watching the market you can't foresee how it will continue. I don't believe too much in TA, especially for a market that is so volatile and under such a huge number of variants.
TA is something that you accept as a 50-50 thing. TA works good when the trend has been set and how much it really works is still a matter of debate. If you are day trading, good luck with TA because you should be doing your own and not rely on others.

Quote
We haven't seen the correction, I think, but this doesn't mean we'll start to go down. It seems that alt season is starting, maybe just another cycle, Apple could vouch for Bitcoin at any time... who knows but in that case the correction may have to wait.
Price of bitcoin is holding steady over 51k USD and has crossed 55K USD as of this moment. Cant say that it will stop right now but I can assume that its next target is 60k USD. Bearish trend did not set it so altcoins will also pump along with bitcoin.

Dont bet too much on altcoins though, we all know how they dump when bitcoin stops its run. "Correction" may have already happened when it crossed 50k USD but the bulls prevailed.


Title: Re: Where the correction ?
Post by: ashmodeus on February 22, 2021, 03:00:42 PM
well, seems like correction has happened a hour ago , Even BTC drop to 47,6k range and bounce fast to 51k , and ETH on 1551 , but a strange thing has happened on kraken (https://twitter.com/skewdotcom/status/1363858957794697225) which ETH trade < $750 .
The correction will certainly come at a point but don't expect market capitalization to dump like the previous years.  
i dont look for a big drop like 2018-2019 . i just wondered why this market pump and pump without any correction.


Title: Re: Where the correction ?
Post by: Spaffin on February 22, 2021, 04:16:37 PM
well, seems like correction has happened a hour ago , Even BTC drop to 47,6k range and bounce fast to 51k , and ETH on 1551 , but a strange thing has happened on kraken (https://twitter.com/skewdotcom/status/1363858957794697225) which ETH trade < $750 .
The correction will certainly come at a point but don't expect market capitalization to dump like the previous years.  
i dont look for a big drop like 2018-2019 . i just wondered why this market pump and pump without any correction.
I very much doubt that a market fall is possible following the example of 2018 or 2019. The fact is that the current indicators of the cryptocurrency market differ very much from that period and it must be borne in mind that large investments of large capital in cryptocurrencies will not allow Bitcoin to fall. Corrections will occur constantly, because almost the majority of cryptocurrency users will fix their profits when the next maximum is reached. In those years, there were a lot of corrections b and amounted to more than 30%, and it is quite possible that the same indicators may be this time.


Title: Re: Where the correction ?
Post by: ven7net on February 22, 2021, 04:23:23 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Indeed, those who previously bought cryptocurrencies have already earned good money and may well take profits. As for the growth that we are seeing now, I believe that this is the expected growth since we are at the end of another cycle, and as history shows, there is a lot of growth at the end of each cycle. Large companies such as Tesla buy BTC because they probably know something, maybe soon there will be a collapse of traditional markets, as well as the monetary system, and they want to reduce the risks by investing in BTC. But no matter how it was, we cannot know 100% what and how it will be, but the main thing is to have our own clear plan and act according to it.


Title: Re: Where the correction ?
Post by: Twentyonepaylots on February 22, 2021, 10:15:22 PM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.


Title: Re: Where the correction ?
Post by: Stedsm on February 22, 2021, 10:22:39 PM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.

You can't call what happened today - a correction, no. Because if it'd have happened, it'd have shook the markets and took some time to recover while keeping BTC in ranging for weeks if not months. But this time, it showed us the power of buyers, what an immense feeling of bears getting eaten up RAW by bulls and that's the only reason that while we saw our trades going red, they turned back in green again in no time.


Title: Re: Where the correction ?
Post by: Congyang on February 22, 2021, 10:23:38 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
correction is still not happening at this time, you are still lucky to be able to enjoy 12x yield of investment in ROI. but believe me if the correction comes you will feel chaotic because the decline is so drastic. So I thought a correction would be coming but not to worry and this definitely makes one of the options to fly higher.


Title: Re: Where the correction ?
Post by: AndySt on February 22, 2021, 10:59:20 PM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.
You can't call what happened today - a correction, no. Because if it'd have happened, it'd have shook the markets and took some time to recover while keeping BTC in ranging for weeks if not months. But this time, it showed us the power of buyers, what an immense feeling of bears getting eaten up RAW by bulls and that's the only reason that while we saw our trades going red, they turned back in green again in no time.
It depends on what is considered under such a concept as correction. Personally, I believe that today's slight drop in the exchange rate can be considered a short-term correction, however, which should not yet lead to a subsequent collapse. All the reasons that previously contributed to the rise in the exchange rate of bitcoin, such as printing and injecting a large amount of money into the economy, have not gone away, so a strong collapse of the price in the near future is unlikely.


Title: Re: Where the correction ?
Post by: Oilacris on February 22, 2021, 11:10:49 PM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.
You can't call what happened today - a correction, no. Because if it'd have happened, it'd have shook the markets and took some time to recover while keeping BTC in ranging for weeks if not months. But this time, it showed us the power of buyers, what an immense feeling of bears getting eaten up RAW by bulls and that's the only reason that while we saw our trades going red, they turned back in green again in no time.
It depends on what is considered under such a concept as correction. Personally, I believe that today's slight drop in the exchange rate can be considered a short-term correction, however, which should not yet lead to a subsequent collapse.
and yet people do really give out that kind of vibe on where they do believe that this price decline might be the start of such crash or huge correction.

It seems that lots of people now are anticipating or waiting up for that huge correction for them to buy cheaper coins but it seems the market doesnt really go as expected.

Instead, it do recovers most of the times after have some minor dumps and do make out recovery later on.Its really good to those who do love to scalp out the market.

Just like me where $100-200 volatility will really be enough.


Title: Re: Where the correction ?
Post by: ashmodeus on February 23, 2021, 07:48:51 AM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.


Title: Re: Where the correction ?
Post by: nicecrypto on February 23, 2021, 09:02:26 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

I believe by now you are already seeing the answer to your concern. Like you rightly said, it has been a great run for some of the crypto projects in the past few weeks even me that invested in a particular  project BNB to be precise since just last month January have had a good profit cos I bought in @ around $41 and ran with it till $300+ but as at the time of this post, BNB is trading around $196, that almost 50% pull back and I think this might still go down some more. I believe this is the correction with most cryptos from BTC BTC and will make an upside move again fingers crossed  ;)


Title: Re: Where the correction ?
Post by: oHnK on February 23, 2021, 01:32:16 PM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.
I think that today is the day of the whole crypto correction.  The decline is more than 10% and this is quite reasonable, from a long time the shoots are finally starting to fall.  My prediction will last a few days until the whales come up with the new issue after buying at a low price and selling the issue in order to raise it again. If the price drops below 45k USD then it is a clear sign of a continuing crash.



Title: Re: Where the correction ?
Post by: ashmodeus on February 23, 2021, 01:58:03 PM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.
I think that today is the day of the whole crypto correction.  The decline is more than 10% and this is quite reasonable, from a long time the shoots are finally starting to fall.  My prediction will last a few days until the whales come up with the new issue after buying at a low price and selling the issue in order to raise it again. If the price drops below 45k USD then it is a clear sign of a continuing crash.



to be clear , range price as for today is 44.8 k - 54.1 k , but somehow , for me its still acceptable , remember when TESLA buying Bitcoin , the price going up to 42k ++ i forgot what the exact price, and that the first signal about this euphoria . so , if price drop below 42k, its for time for quit .


Title: Re: Where the correction ?
Post by: ChiBitCTy on February 23, 2021, 03:20:48 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

First off I hope you know the risks involved when you put all of your "eggs in one basket".  This is something that I never advise my clients on doing.  It is very risky and quite frankly a bit reckless.  Second, you mention receiving a 12% return on investment for a slew of different coins ( shitcoins), is this simply the gain you had, or is this some sort of interest bearing deal? If it's the latter, I must warn you that is a very high interest percentage that no one can guarantee in these times, so be extra careful because these high interest bearing coin deals are huge scams for the most part.


Title: Re: Where the correction ?
Post by: wxa7115 on February 23, 2021, 06:10:30 PM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.
That is basically the main difference between altcoins and bitcoin, altcoins are the ones that are going because of FOMO and hype, bitcoin in fact is being backed by very powerful individuals and those are the ones we know, it is entirely possible there are more billionaires out there with decent stashes of bitcoin but that have not revealed they are holding it yet.

Personally I think the correction was healthy, the market was once again in clear overbought conditions and if what we really want is long term growth it will not damage bitcoin to more sideways for some time.


Title: Re: Where the correction ?
Post by: Rexler on February 23, 2021, 09:16:05 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Since you're in profit try using a stop loss to avoid losing those profits to any huge correction on the market, and if you are asking when there will be a huge correction on the market, I don't think anyone can predict or boldly say when we will have a huge correction on the market cuz the crypto market is very unpredictable, so just expect the correction soon,and this isn't a fake bull run it's for real and no one knows when it's gonna stop.


Title: Re: Where the correction ?
Post by: tabas on February 23, 2021, 10:59:15 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I think that today is the day of the whole crypto correction. 
It is no question because you see that there are a lot of bloods in the streets of crypto.


Title: Re: Where the correction ?
Post by: tippytoes on February 23, 2021, 11:05:09 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I think that today is the day of the whole crypto correction. 
It is no question because you see that there are a lot of bloods in the streets of crypto.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.


Title: Re: Where the correction ?
Post by: ashmodeus on February 24, 2021, 08:19:14 AM
I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming.

not all ,i joined to some telegram group, and there are some people who are stuck at high prices, some even at 55k, but they seem pretty sure what it's doing , because first, they got FOMO , what the funny about that ? they just withdrawal their btc from exchange to prevent cut loss  ;D



Title: Re: Where the correction ?
Post by: TheGreatPython on February 24, 2021, 11:09:17 AM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.
I don't think we can and should expect Bitcoin to dump ever again because these prices are although a touch over priced in my opinion but by no means are fake pumps or being controlled by anyone, instead this is the result of a lot of factors like paypal allowing Bitcoin purchase, Tesla buying btc and accepting it as means of payment for the cars, Saylor buying so many Bitcoins and a lot of other news.

Yes there might be some price plummeting soon but it should stop quickly and market will stabilize at a moderate price. One who invested at any price lower than 25k should not even think of panicking because I really doubt if that price is ever going to be touched.


Title: Re: Where the correction ?
Post by: cryptomaniac_xxx on February 24, 2021, 11:28:38 AM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I think that today is the day of the whole crypto correction. 
It is no question because you see that there are a lot of bloods in the streets of crypto.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.
That's they cycle of crypto market as well, when the price goes high, many newbies enter the market, so they got bitcoin in their wallet and very happy to see the price going up. But when the price completely plummet, they panic and then sold, those are called weak hands. However, as they gain experience, it's possible that they are going to mentally tough. And I agree that it won't go down, just a normal market correction in a bull market.


Title: Re: Where the correction ?
Post by: FanEagle on February 24, 2021, 12:22:28 PM
I believe by now you are already seeing the answer to your concern. Like you rightly said, it has been a great run for some of the crypto projects in the past few weeks even me that invested in a particular  project BNB to be precise since just last month January have had a good profit cos I bought in @ around $41 and ran with it till $300+ but as at the time of this post, BNB is trading around $196, that almost 50% pull back and I think this might still go down some more. I believe this is the correction with most cryptos from BTC BTC and will make an upside move again fingers crossed  ;)
Honestly BNB is still above 200 dollars, at around 220 dollars right now but even under 200 that is fine, why? Because price of BNB came from 30 dollars to 300 dollars, that is a 10x increase, with just a 50% pull back you are making it more like 7x increase which is not bad at all, that is still a quite great one.

I feel like the best way to approach crypto right now would be to hold whatever you have and not buy if you do not hold any. That means if you have some, and sell right now, in case if this is a correction and price goes up you are going to lose a lot and that is not ideal, and if it is actually a crash and start of a huge bear run, you could always buy more and drop the average in the future anyway so that is a great deal. But if you are not in, there is no reason to get in right now, while it is so volatile, just wait for it to make a bigger move and stay there for a while before you decide.


Title: Re: Where the correction ?
Post by: Snappycoco on February 24, 2021, 12:55:20 PM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology. I believe this run is where BTC belongs. Another thing is the pandemic where small traders appears and when they go to their normal job, quiting their trading will probably have some little effects to price itself.


Title: Re: Where the correction ?
Post by: oHnK on February 24, 2021, 03:18:46 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I think that today is the day of the whole crypto correction.  
It is no question because you see that there are a lot of bloods in the streets of crypto.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.

I don't think the same, btw I also bought it for 52k USD and until now I still hold my BTC. I cut loss on my other coins but it even added to the loss, at this time the price went up again above my selling price yesterday. I'm stupid hahaha. I saw the red day trend yesterday, only pause his breath in crypto before going to the moon again. I can't wait for it to hit its record highs again and hit my profit target.


Title: Re: Where the correction ?
Post by: matchi2011 on February 24, 2021, 03:24:33 PM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology. I believe this run is where BTC belongs. Another thing is the pandemic where small traders appears and when they go to their normal job, quiting their trading will probably have some little effects to price itself.

Yes, because of those mainstream reputable people who are now involve to this market, the bull run is now more solid than
what happened way back 2017.

With more big names in terms of financial institutions, the more solid that it will take. Investors and traders will bring more
money and create better investment venue.


Title: Re: Where the correction ?
Post by: Wipeout2097 on February 24, 2021, 04:14:34 PM
I am surprised why do individuals think there will be a adjustment, appreciate your benefit since of this great advertise condition, Being secure you take your capital from the benefits you contribute and take off the rest to be utilized again.at times like this taking benefits in a brief time can happen in case you select a coin that will truly go up, and in a week it can be over basic capital. if market going ruddy, at that point hold otherwise you purchase more with cash you pull back before,aftter rectification advertise will be rise once more.


Title: Re: Where the correction ?
Post by: tabas on February 24, 2021, 07:04:00 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.
What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.


Title: Re: Where the correction ?
Post by: vintages on February 24, 2021, 07:59:09 PM
If we know the specific date or months or year that correction tends to happen, won't that be market manipulation?
Simple nobody seems to know, no prediction can even predict it accurately. So just monitor the market and make the correct moves. And most importantly invest in the right coins.


Title: Re: Where the correction ?
Post by: StartupAnalyst on February 24, 2021, 08:25:02 PM
A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.
You can't call what happened today - a correction, no. Because if it'd have happened, it'd have shook the markets and took some time to recover while keeping BTC in ranging for weeks if not months. But this time, it showed us the power of buyers, what an immense feeling of bears getting eaten up RAW by bulls and that's the only reason that while we saw our trades going red, they turned back in green again in no time.
It depends on what is considered under such a concept as correction. Personally, I believe that today's slight drop in the exchange rate can be considered a short-term correction, however, which should not yet lead to a subsequent collapse.
and yet people do really give out that kind of vibe on where they do believe that this price decline might be the start of such crash or huge correction.
It seems that lots of people now are anticipating or waiting up for that huge correction for them to buy cheaper coins but it seems the market doesnt really go as expected.
Instead, it do recovers most of the times after have some minor dumps and do make out recovery later on.Its really good to those who do love to scalp out the market.
Just like me where $100-200 volatility will really be enough.

That's because noob traders prefer to use huge dumps and pumps to get good grains. Though it's really hard for them to distinguish short-term correction after which market recovers and the start of bear-market when they would have to wait for years to get some grains or to cover their loses if they were inaccurate to buy on ATH before coins suddenly decreased


Title: Re: Where the correction ?
Post by: coolcoinz on February 24, 2021, 09:20:05 PM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology. I believe this run is where BTC belongs. Another thing is the pandemic where small traders appears and when they go to their normal job, quiting their trading will probably have some little effects to price itself.
It's not yet in the mainstream but I like your thinking. If more people are as misinformed and as bullish as you are we are definitely going to go higher from here.
You're right about the run not being like 2017. I said a few times before that for the bull run to end in a real crash, not a fakeout, the chart has to show a very strong move up, at least 10% in a day and then a strong immediate rejection and a pullback to about -40%. We haven't had that yet. What we see now is traders taking profit and waiting to see if the majority joins them, but the majority is holding.


Title: Re: Where the correction ?
Post by: arallmuus on February 24, 2021, 11:08:56 PM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again


Title: Re: Where the correction ?
Post by: Mahanton on February 24, 2021, 11:14:56 PM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again
Nope, we don't need hype but we do need those positive adoption kind of news for us to go on new heights and those things aren't hype's but real acceptance
which I would say that both are different things if we do make out some comparison.Its true that we wont really be seeing a market that would really be on continuous rise,
there would really be a time on where everything would be on a correction which is not really that something new.This wont be called a market if it does have that kind of
behavior.Just wait up for those corrections and instead on freaking out then its better to make use to buy cheaper coins on that time.


Title: Re: Where the correction ?
Post by: danherbias07 on February 25, 2021, 03:55:09 AM
I am surprised why do individuals think there will be a adjustment, appreciate your benefit since of this great advertise condition, Being secure you take your capital from the benefits you contribute and take off the rest to be utilized again.at times like this taking benefits in a brief time can happen in case you select a coin that will truly go up, and in a week it can be over basic capital. if market going ruddy, at that point hold otherwise you purchase more with cash you pull back before,aftter rectification advertise will be rise once more.
If only it's that easy.
Like someone thought $30k was already high since it was larger than ATH last 2018.
So they sell then it pumps again.
Buying back is impossible with mental wall. Just the thought of having a lower amount of Bitcoin than you had before is already depressing.
Correction or not every move is risky.


Title: Re: Where the correction ?
Post by: Oasisman on February 25, 2021, 08:22:42 AM
I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again

Eventually it will happen again. The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.


Title: Re: Where the correction ?
Post by: arwin100 on February 25, 2021, 10:15:13 AM
I am surprised why do individuals think there will be a adjustment, appreciate your benefit since of this great advertise condition, Being secure you take your capital from the benefits you contribute and take off the rest to be utilized again.at times like this taking benefits in a brief time can happen in case you select a coin that will truly go up, and in a week it can be over basic capital. if market going ruddy, at that point hold otherwise you purchase more with cash you pull back before,aftter rectification advertise will be rise once more.
If only it's that easy.
Like someone thought $30k was already high since it was larger than ATH last 2018.
So they sell then it pumps again.
Buying back is impossible with mental wall. Just the thought of having a lower amount of Bitcoin than you had before is already depressing.
Correction or not every move is risky.

Right since we also don't know if we position on the correct time since sometimes there are instance that the price dump more when we place our buy orders and that is so depressing especially if we newly put our stop loss and bought back again.

But since the price is much stable after the storm happen well we can say right now that it's good to buy now and seems the correction is slightly done for now.


Title: Re: Where the correction ?
Post by: oHnK on February 25, 2021, 12:49:03 PM
But since the price is much stable after the storm happen well we can say right now that it's good to buy now and seems the correction is slightly done for now.

After the storm stops, the sky will be clear, but those words don't always suit Crypto conditions, because the conditions of the crypto market are determined by people's tastes.  When people lose their appetite, prices will fall and will rise again when they become interested in buying it.  However, it will not always be like that especially if you look at the condition of Crypto which is currently not accepted by the whole community so that we are still lucky enough if today the price is stable again.


Title: Re: Where the correction ?
Post by: blckhawk on February 25, 2021, 01:04:22 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.
What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.
I'd say you have a point. I also believed that the market will not make a hard fall this time, yes we might be in a bit of correction right now making the newcomers panic but today's market is far different from what we have before as for the reason of these large institutions are keep coming by and procuring Bitcoin. This is why I don't think this correction would last long. Anyway, having a stop loss is highly recommended in these current situations, it saves us from losing a big portion of our money which is why it is necessary for our every trade. Also, having a target price was also necessary.




Title: Re: Where the correction ?
Post by: arallmuus on February 25, 2021, 07:39:56 PM
Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again
Nope, we don't need hype but we do need those positive adoption kind of news for us to go on new heights and those things aren't hype's but real acceptance
which I would say that both are different things if we do make out some comparison.

Oh boy, you do realize that hypes are created by spreading so called 'positive' news over and over again isnt it? Lets take Tesla $1.5 billion investment as an example, is this a positive news ? Yes and this is also a mainstream adoption which in fact is a huge one. Look at how many media especially online media reported this news? Alot and Im sure every country covers this news at least once unless it is 3rd world country

Mass online media reporting this over and over again creates hype and hype creates FOMO reaction which make alot more people want to know more about crypto or to follow Tesla's action of buying bitcoin as part of their investment


Title: Re: Where the correction ?
Post by: tabas on February 25, 2021, 10:22:05 PM
The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.
I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.
What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.
I'd say you have a point. I also believed that the market will not make a hard fall this time, yes we might be in a bit of correction right now making the newcomers panic but today's market is far different from what we have before as for the reason of these large institutions are keep coming by and procuring Bitcoin. This is why I don't think this correction would last long. Anyway, having a stop loss is highly recommended in these current situations, it saves us from losing a big portion of our money which is why it is necessary for our every trade. Also, having a target price was also necessary.
Yep, it's all what you have to understand that too many things have made the market different from before. There are these institutions that are also helping to bump bitcoin's price and market cap.
And the majority of us are benefiting from it and with such corrections, they'll really come no matter how huge bitcoin's price goes up.


Title: Re: Where the correction ?
Post by: lixer on February 26, 2021, 08:41:04 AM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.
This is what I hate about altcoins, when Bitcoin was rising most of the altcoins didn't raise as much as they should have. But now once the bitcoin market is going down all these markets race against bitcoins in going down. I am not sure if altcoins drop creates a domino effect or the vice versa but each and every coin should have a reason when they fall, not just because bitcoin is falling all of them drop like a deck of cards.

That is basically the main difference between altcoins and bitcoin, altcoins are the ones that are going because of FOMO and hype, bitcoin in fact is being backed by very powerful individuals and those are the ones we know, it is entirely possible there are more billionaires out there with decent stashes of bitcoin but that have not revealed they are holding it yet.
It also makes me wonder if all the altcoin coming up and existing ones have any of their own identity in the market or they are just standing on the base that bitcoin created years ago. If the Bitcoin market is going down because it saw a bull run it should never mean that all the assets fall down suddenly.

For example if a stock is suffering in the stock market, is usually does not affect other stocks and their prices at all.


Title: Re: Where the correction ?
Post by: nicecrypto on February 26, 2021, 09:14:52 AM
well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.
This is what I hate about altcoins, when Bitcoin was rising most of the altcoins didn't raise as much as they should have. But now once the bitcoin market is going down all these markets race against bitcoins in going down. I am not sure if altcoins drop creates a domino effect or the vice versa but each and every coin should have a reason when they fall, not just because bitcoin is falling all of them drop like a deck of cards.

That is basically the main difference between altcoins and bitcoin, altcoins are the ones that are going because of FOMO and hype, bitcoin in fact is being backed by very powerful individuals and those are the ones we know, it is entirely possible there are more billionaires out there with decent stashes of bitcoin but that have not revealed they are holding it yet.
It also makes me wonder if all the altcoin coming up and existing ones have any of their own identity in the market or they are just standing on the base that bitcoin created years ago. If the Bitcoin market is going down because it saw a bull run it should never mean that all the assets fall down suddenly.

For example if a stock is suffering in the stock market, is usually does not affect other stocks and their prices at all.


Same question on my mind. I still don't understand why not only they fall down when Bitcoin does but It also seems the follow the same pattern

https://i.imgur.com/4O3r4nN.jpg

Apart from USDT, Both BTC, ETH and BNB all have same pattern of graph doing down but this don't usually be the case in an upward trend  ??? ??? ??? I have been asking myself why does this happen like that, as in Bitcoin dragging every Alt with it downward but not as much upward.

So to your question, I don't think for now they have their own Identity yet but all in the shadows of Bitcoin.


Title: Re: Where the correction ?
Post by: tygeade on February 26, 2021, 01:59:11 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Man nobody can tell you what exactly. Even Bitcoin we can’t tell where it is heading next not to talk altcoins, and some of the altcoins’ you have mentioned I don’t even know them, so can’t really tell you what’s going to happen to them in the days that are coming.

Right now a lot of people are confused to when there will be bear, and there are also those who are saying that there is not going to be anymore bear market after there have been lots of institutions who have invested their money in the crypto currency market. Bitcoin decreases early this week to the extent a lot of people got scared, but now it’s climbing up again.


Title: Re: Where the correction ?
Post by: Mauser on February 26, 2021, 02:29:13 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Man nobody can tell you what exactly. Even Bitcoin we can’t tell where it is heading next not to talk altcoins, and some of the altcoins’ you have mentioned I don’t even know them, so can’t really tell you what’s going to happen to them in the days that are coming.

Right now a lot of people are confused to when there will be bear, and there are also those who are saying that there is not going to be anymore bear market after there have been lots of institutions who have invested their money in the crypto currency market. Bitcoin decreases early this week to the extent a lot of people got scared, but now it’s climbing up again.


As long as we are not seeing a panic selling happening in the bitcoin market, the alt coins should be fine. There is a strong correlation at the moment between bitcoins and the big alt coin markets. So in my opinion we shouldn't expect a correction any time soon. As long as BTC is above 30,000 USD then our alt coins should be fine as well.


Title: Re: Where the correction ?
Post by: molsewid on February 26, 2021, 05:34:04 PM
As long as we are not seeing a panic selling happening in the bitcoin market, the alt coins should be fine. There is a strong correlation at the moment between bitcoins and the big alt coin markets. So in my opinion we shouldn't expect a correction any time soon. As long as BTC is above 30,000 USD then our alt coins should be fine as well.
I think the correction has already ended. We can see now that bitcoin price is improving and it is now at 47,000 I think it is 45k in the last few hrs, so we're now at bull run again maybe after this week, march is fast approaching last 2017 this is what actually happened too so  based on the research and on the history of crypto March will be the alt season so it is better to prepare your bags these week and buy more and wait for the bull run.


Title: Re: Where the correction ?
Post by: DJANAS on February 26, 2021, 07:14:32 PM
i'm not sure but i think we will see the bitcoin under 30K soon, but in the end no one knows  ???


Title: Re: Where the correction ?
Post by: tabas on February 26, 2021, 07:32:30 PM
What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.

True that, for most people that invested around February 20/21 when Bitcoin hit its ATH would be felling the pinch but like you said, we heard about this major institutions investing in Bitcoin too and that I also believe will reduce the level of huge back pull like the one after 2017 ATH and again, it depends on what project you invested in because some will rebound quicker than most.
There will be a reduction in panic because if those institutions have bought a lot at the top, they'll just be patient and will wait for the rise again. It will never be gone in the market that there are new investors that can't take their emotions and will sell at losses. That's just sad but just like us, they'll learn from it.


Title: Re: Where the correction ?
Post by: CarnagexD on February 26, 2021, 10:16:42 PM
A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.


Title: Re: Where the correction ?
Post by: AndySt on February 26, 2021, 10:35:13 PM
A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.
What is the correction for you? The collapse of the exchange rate price three times, five times, ten times?! The price correction is already taking place and we hope that the situation that was a few years ago will not repeat. I am well aware that some levels of resistance to the fall of the stock price, but I would not be surprised if these levels go down if the price falls too much, because stock players are not required to buy at a certain level from panicked sellers.


Title: Re: Where the correction ?
Post by: SirLancelot on February 27, 2021, 01:38:26 PM
The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.
Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.


Title: Re: Where the correction ?
Post by: fullhdpixel on February 28, 2021, 06:00:46 AM
If we know the specific date or months or year that correction tends to happen, won't that be market manipulation?
Simple nobody seems to know, no prediction can even predict it accurately. So just monitor the market and make the correct moves. And most importantly invest in the right coins.
Usually once the bull run ends there is a correction but you are right none of us know when it is going to happen. I am not too sure how correction works, but from what I understand, it goes like this. When the market is higher than where it should be, there will be a negative correction and when the market is below the expected value, there will be a positive correction.

I think there is also a possibility that correction already happened and the price will be settled around $50k for the next few months. Looking at the current market it gives me goosebumps because it feels like it was recent memory when BTC was trading at 10k and I wish I had bought more that time.


Title: Re: Where the correction ?
Post by: Negotiation on February 28, 2021, 07:46:21 AM
The market is not fixed in one place because no one can guess where the correction of the market is if the market goes up, it becomes positive and if it goes down it has a negative effect. You need to analyze the market to understand where the market is actually going and it is possible to make predictions if you know the updated information the market is competing and rising.


Title: Re: Where the correction ?
Post by: Smartprofit on February 28, 2021, 08:09:52 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Currently, the price of Bitcoin is no longer rising.  From $ 58,000, Bitcoin's price dropped to $ 50,000. 

At around $ 50,000, bitcoins were distributed from old investors to new investors. 

Then the price dropped to $ 45,000.  Bitcoin price is currently below $ 45,000.  We see a downtrend.  The price of Bitcoin is slowly but inevitably falling.  Perhaps it will fall to $ 30,000 (this is a very large-scale price correction). 

Of course, we all want the price of Bitcoin to rise to $ 100,000.  However, it is possible that the $ 58,000 was a local high.


Title: Re: Where the correction ?
Post by: ashmodeus on March 01, 2021, 08:02:43 AM
Currently, the price of Bitcoin is no longer rising.  From $ 58,000, Bitcoin's price dropped to $ 50,000. 

At around $ 50,000, bitcoins were distributed from old investors to new investors. 

Then the price dropped to $ 45,000.  Bitcoin price is currently below $ 45,000.  We see a downtrend.  The price of Bitcoin is slowly but inevitably falling.  Perhaps it will fall to $ 30,000 (this is a very large-scale price correction). 

Of course, we all want the price of Bitcoin to rise to $ 100,000.  However, it is possible that the $ 58,000 was a local high.

so far , i still believe about the correction it's not will more low than Tesla price which it about 36.5-39k , when bitcoin under that price , i believe we will in the different scenario, instead of quick bounce , btc just move slowly until another sentiment come, the good thing of it, alt season begin.


Title: Re: Where the correction ?
Post by: jaysabi on March 05, 2021, 05:06:38 AM
The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.
Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

People keep saying this like it's likely and it just isn't. You may look at bitcoin and think there's no way it's not going to $100k, but taking that as a given is such an extreme viewpoint. Companies aren't in business to gamble, and bitcoin is a speculative investment. Most businesses don't sit on mountains of cash, so (i) their inflation risk is limited and (ii) what cash they have they need it to maintain a stable value, not maybe it's up 10% or down 10% on any given day. There's is absolutely no question that the dollar is more stable than bitcoin, and that's why it's unlikely for businesses to adopt it as a reserve in any meaningful way.


Title: Re: Where the correction ?
Post by: gatti on March 05, 2021, 02:09:42 PM
The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.
Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

People keep saying this like it's likely and it just isn't. You may look at bitcoin and think there's no way it's not going to $100k, but taking that as a given is such an extreme viewpoint. Companies aren't in business to gamble, and bitcoin is a speculative investment. Most businesses don't sit on mountains of cash, so (i) their inflation risk is limited and (ii) what cash they have they need it to maintain a stable value, not maybe it's up 10% or down 10% on any given day. There's is absolutely no question that the dollar is more stable than bitcoin, and that's why it's unlikely for businesses to adopt it as a reserve in any meaningful way.
Large investors who are put off by a weak dollar are flocking towards bitcoin, despite it lacking inherent fundamentals. Unlike gold, bitcoin is extremely volatile. I don’t think bitcoin can replace gold as an inflation hedge," he said.Another indicator that is flashing red is the bitcoin-gold ratio, which has risen from the levels of 1.1 to 15 in recent months. “Since both gold and bitcoin have finite supply, the bitcoin-gold ratio gives us a sense about which of the two is overvalued.


Title: Re: Where the correction ?
Post by: AnonBitCoiner on March 05, 2021, 07:16:42 PM
A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.

Actually the history repeats was a dominant phenomenon in this world.So it's essential one for us to learn about the past.Like wise the price of bitcoin had raised to the all time high of 19k$ in 2017.The same was repeated for now.But the difference is the price of bitcoin had raised to the value of 50k$ this time.


Title: Re: Where the correction ?
Post by: Ozero on March 19, 2021, 07:22:10 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
There is no need to rush. Everything has its time. Probably, most cryptocurrency holders still expect good growth in their coins and tokens and are in no hurry to sell them. Let's enjoy the bull market for now. Also, many are still looking forward to the altcoin season after Bitcoin peaks. There will still be a correction and a fall in prices, and one should not rush to this state of the market. I am still expecting further market growth for several months.


Title: Re: Where the correction ?
Post by: goldade on March 20, 2021, 09:34:40 PM
There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade


Title: Re: Where the correction ?
Post by: Sanitough on March 20, 2021, 09:41:50 PM
There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

OP is looking for a major correction that will likely be a "market crash" scenario, just like after in the bull run in 2018, there's a long correction happened which we don't witness yet this time.


Title: Re: Where the correction ?
Post by: AndySt on March 20, 2021, 11:58:53 PM
By the way, there is nothing surprising in the fact of the correction itself, because in market conditions, growth cannot continue indefinitely. There is nothing wrong with the fact of a correction, because a healthy correction is better than a collapse in the exchange rate price. Of course, the correction is mandatory, but unfortunately there are no reliable benchmarks that could show when the correction goes into a collapse, and therefore everyone has to rely on their previous experience and their feelings. Everything can change in the course of an eye, but it seems that there are no prerequisites for a collapse yet. By the way, if now the market again can not gain a foothold in the area of 60 thousand dollars, then probably again a correction will follow in the area of 50 thousand dollars.


Title: Re: Where the correction ?
Post by: kpierce77 on March 21, 2021, 01:45:00 AM
There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade
For now the correction will probably only occur if there is a large movement like Tesla or other large holders. the rest will only be minor corrections due to the trend. cyclical market is definitely there, but in the case of bitcoin, I don't think the correction will reach a very low price level like 2 years ago


Title: Re: Where the correction ?
Post by: emmybd on March 26, 2021, 06:38:03 PM
I don't think it's a fake bull, unlike the one in 2017. This time around a lot of big investors and companies have started investing, so the situation has completely changed now. But, as far as crypto is concerned you can't be sure anything can happen anytime. Anyway, 20% correction can happen anytime, so you have to be ready for that.


Title: Re: Where the correction ?
Post by: Matimtim on March 27, 2021, 04:40:18 AM
Expect that something are going to happen in the future that what you need to do, but we cant exactly predict when the correction going to happen to make more profit on your part, that the real nature of crypto currency, instantly changing its price.


Title: Re: Where the correction ?
Post by: Argoo on March 27, 2021, 06:02:15 AM
There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

OP is looking for a major correction that will likely be a "market crash" scenario, just like after in the bull run in 2018, there's a long correction happened which we don't witness yet this time.
Nowadays, the correction in the cryptocurrency market happens quite often. However, it is not as deep and lengthy as some would like it to be. Now the reasons and conditions for the growth of the cryptocurrency market are very different from its growth in 2017-2018, so you should not expect the same price drop in the market as it was in 2018. Those who have sold their bitcoins and other cryptocurrencies at recent high prices and have made good profits may still lose out compared to those who still hold them. The market is still able to grow further.


Title: Re: Where the correction ?
Post by: nicecrypto on March 27, 2021, 10:35:25 AM
Expect that something are going to happen in the future that what you need to do, but we cant exactly predict when the correction going to happen to make more profit on your part, that the real nature of crypto currency, instantly changing its price.
If you have taken notice, I believe we have been having this corrections because if you check the market trand, you will most certainly see that Bitcoin and the other ALTs have been witnessing some number of this corrections though I don't think there might be one huge correction until when the Bear market is about to the stage, but for now it think it is only going to be all this small corrections that we will witnessing.


Title: Re: Where the correction ?
Post by: oHnK on March 27, 2021, 02:38:23 PM
I think from now on we will not huge corrections in Bitcoin as institutional money started to come in. This means Bitcoin's value will stabilize around some sort of fair value which I believe will be around 30000 dollars in near future. But of cource Bitcoin's bears will pull it further down to levels around even 15000-20000 for sure. So invest low, play low is my strategy now.

it is only your provisional prediction because you haven't felt it.  Every price increase experienced by Bitcoin and other Crypto is always experiencing a correction.  Especially at this time what we are experiencing is an increase in prices at the highest level.  At some point in the future there will be a decline due to the latest BTC levels.  Price correction is needed in order to maintain the authenticity of the supply and demand prices in the market.


Title: Re: Where the correction ?
Post by: Mulann2 on March 27, 2021, 02:51:13 PM
I think from now on we will not huge corrections in Bitcoin as institutional money started to come in. This means Bitcoin's value will stabilize around some sort of fair value which I believe will be around 30000 dollars in near future. But of cource Bitcoin's bears will pull it further down to levels around even 15000-20000 for sure. So invest low, play low is my strategy now.

it is only your provisional prediction because you haven't felt it.  Every price increase experienced by Bitcoin and other Crypto is always experiencing a correction.  Especially at this time what we are experiencing is an increase in prices at the highest level.  At some point in the future there will be a decline due to the latest BTC levels.  Price correction is needed in order to maintain the authenticity of the supply and demand prices in the market.
With regards to what the poster predicted about Bitcoins BTC price pull back, I came across this site some time ago and I am monitoring the BTC price to see if it is following the pattern and what the likely price will be in case of a price pull back which is expected in some time.

https://i.imgur.com/D3ftua6.jpg

Even if the price was to pull back by 10-91-2022, you can see that the likely price would be around the $15k+ he said.   


Title: Re: Where the correction ?
Post by: perfect999 on March 28, 2021, 03:49:05 PM
If you have taken notice, I believe we have been having this corrections because if you check the market trand, you will most certainly see that Bitcoin and the other ALTs have been witnessing some number of this corrections though I don't think there might be one huge correction until when the Bear market is about to the stage, but for now it think it is only going to be all this small corrections that we will witnessing.
Correction is correction, bear is something else. Correction is when people buy from cheap, the price goes up way too much and people sell from those prices. Now that means there will always be corrections the higher we go, there will always be one, there is nothing we could do about it. But the reality is that people could sell under what they bought as well, correction is when they take their profits when it goes up, but having some sort of drop and bear run means someone who bought at 50k could sell at 40k as well.

So the difference is, if we are going up, and then there is a drop that's a correction, if we are going down and keep going down, and people still sell anyway, that's a bear run. I believe a bear run will not happen anytime soon, not around this period, but corrections will keep on happening as long as we keep going up.


Title: Re: Where the correction ?
Post by: Grafen on April 02, 2021, 11:15:18 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
There will be a correction, but not now. Possibly after the pandemic recession


Title: Re: Where the correction ?
Post by: TheGreatPython on April 02, 2021, 08:07:24 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
There will be a correction, but not now. Possibly after the pandemic recession
I think correction will come when the usa economy recovers, and I do not mean people who are wall street CEO's who make money neither, I mean people who are living from unemployment checks, usa is not doing good, even my nation known for not being that great of a nation handled it better.

Looking at how bitcoin is pegged to dollars, I have to say USA economy is the most important one and we need either those huge corporations that got insane amount of money from this period to end up buying billions of dollars worth of bitcoin right away, or we need the economy to recover so that regular people could end up buying bitcoins as well. I think neither option is available right now, which means either we will be surprised, or a correction will come again to make it more appealing to people who will end up spending money on bitcoin again because it dropped.


Title: Re: Where the correction ?
Post by: nicecrypto on April 03, 2021, 05:43:24 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
I can say even from November to now can be referred to as, "A Long Time Coming" Because I believe it would have been mad profits if you still hodl your investments and that correction you where talking about has not really happened yet cos I also know you meant, the real Bear market? Yes, I too believe all those Big Investors is surely giving this Bull circle and extended run and hopefully to the end of 2021.


Title: Re: Where the correction ?
Post by: Issa56 on April 07, 2021, 01:18:14 AM
There will definitely be correction after a bull run them correct is just expected you don't just expect to be seeing only bull run without correction happening so no matter the coin you are holding after the bull run always make sure you are prepared for correction or dump. Since you are already in profit I believe you should follow all your trade up with stop loss because nobody can say the magnitude of the correction or the dump so that's why yoh have to follow your trade up with stop limit to avoid lose of fun.


Title: Re: Where the correction ?
Post by: LUCKMCFLY on April 07, 2021, 02:21:48 AM
There will definitely be correction after a bull run them correct is just expected you don't just expect to be seeing only bull run without correction happening so no matter the coin you are holding after the bull run always make sure you are prepared for correction or dump. Since you are already in profit I believe you should follow all your trade up with stop loss because nobody can say the magnitude of the correction or the dump so that's why yoh have to follow your trade up with stop limit to avoid lose of fun.

You are right, prevention must prevail first of all, Stop Loss is the best option for this type of uncertainty in the market, the correction may be an impulse for Bitcoin to reach a possible new ATH, it is better to assume a controlled loss than save hope and lengthen a loss, as recommended by Jesse Livermore in one of his books, you must cut the loss and lengthen the gains, in my particular case I never put my stop loss greater than or equal to 10%, it is always less , up to 8% I am able to allow myself to lose, if I lose I leave the market and wait for another new entry, the market is always benevolent and gives better entries and new opportunities.


Title: Re: Where the correction ?
Post by: pankowri on April 07, 2021, 09:24:25 AM
You can reap trustable news and information published about the recent market. If you afraid about the correction that may be collapse by the fake bull run so you can cash out your invested money but if you think the correction is positive that can make your investment more profitable then you can linger and catch sight of what happens.


Title: Re: Where the correction ?
Post by: shoreno on April 07, 2021, 09:45:22 AM
investing all your money in those coins are risky but your lucky that you earned 12x  . why look for correction what are you going to do  ,dont you wanna earn more profits ?  but dont worry correcion is just around the corner , itl come out when its ready but promise that you wont cry and start looking for bull . i dont know about your coins but the party in btc isnt over yet  ,  i can say that it wasnt a fake bull that happened based on time the bull have spent .


Title: Re: Where the correction ?
Post by: Wawa2013 on April 07, 2021, 10:38:41 AM
With all the coins you choose, and none of them, in my opinion, are popular coins, in my opinion you are very lucky if you succeed in getting profit
from the coins that you have mentioned in the opening post. I do not recommend that you currently invest in coins other than the top 10 crypto,
because the risk is very large if you intend to invest again in the coins that you mentioned in the opening post. For now, choose coins that are popular
with high volume, it should be safer and the profit generated is quite large. For when there is a correction, since Bitcoin went up to the price of $ 61k,
it seems that until now the correction has not been too deep. Maybe this is the effect of many institutions that have started investing in crypto,
so the price of Bitcoin and altcoins in my opinion is relatively stable.


Title: Re: Where the correction ?
Post by: Dusang1998 on April 09, 2021, 11:59:00 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Not the correction, but a bear market will come sooner or latter. Ofcourse it will not be a sudden. It will take a year or two to reach bottom. You can expect price of Bitcoin decrease 80%.  So lets say it happen now it would mean for price to go under $10k.  For altcoins you are talking about price can decrease for more than 95%.

i dont thinks its gonna decrease that low, on the other hand, there are possibilities to go over $100k.


Title: Re: Where the correction ?
Post by: nakamura12 on April 09, 2021, 12:16:54 PM
You think that it is a fake bull?. I don't think it is since the price of bitcoin is currently as it is right now and I don't see any problem with the price of bitcoin to decrease or increase a bit but if it will decrease too much then it is more likely a  fake bull but in this case the price did increase and stayed for a while. Try to set a stop loss.


Title: Re: Where the correction ?
Post by: Mauser on April 09, 2021, 02:51:45 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

It is has been a few month now since Bitcoins rallied so much. So far there was no really correction which is a good thing. Seeing Bitcoins trading on above 50,000 USD for so long just seems like the new normal to me. In my opinion we will not experience a big correction any time soon. Let's all ahope the party will go on until next year.  


Title: Re: Where the correction ?
Post by: carlisle1 on April 09, 2021, 03:07:33 PM
No longer due to manipulation but more on the right track. There are many investors now who've got a much stronger hands.

They are more willing to take the long term and maximize their profits.

You think that it is a fake bull?. I don't think it is since the price of bitcoin is currently as it is right now and I don't see any problem with the price of bitcoin to decrease or increase a bit but if it will decrease too much then it is more likely a  fake bull but in this case the price did increase and stayed for a while. Try to set a stop loss.

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

It is has been a few month now since Bitcoins rallied so much. So far there was no really correction which is a good thing. Seeing Bitcoins trading on above 50,000 USD for so long just seems like the new normal to me. In my opinion we will not experience a big correction any time soon. Let's all ahope the party will go on until next year. 

Might found the new barrier, this stability inside $50K mark brings more confidence with new investors.

Looks like that it will continue and it will bring more hypes incoming weeks or months. Better to aim for long term investment for much better benefits.


Title: Re: Where the correction ?
Post by: jostorres on April 09, 2021, 06:51:29 PM
You think that it is a fake bull?. I don't think it is since the price of bitcoin is currently as it is right now and I don't see any problem with the price of bitcoin to decrease or increase a bit but if it will decrease too much then it is more likely a  fake bull but in this case the price did increase and stayed for a while. Try to set a stop loss.
Bitcoin is doing fine, but look at altcoins, those are the ones that show what type of bull we are in right now. BNB even reached the all time high of 440+ dollars and thats crazy, this was the coin that was 10-20 dollars last year. Which is why I think we are doing awesome, we were literally half of this last month when it skyrocketed, think about it, a coin increases nearly 10x in a month, and a month later it doubles on top of that.

This is why I think we are going to be doing great, there is not going to be any type of problem with this. I am not saying that we will continue down this path forever, but all I am saying is that we are doing fine for now, it is not a fake bull and it is going super strong. If anyone is doubting the power and the price of crypto currencies, they should just take their money out and leave, saying they don't trust it and still having money in makes no sense.


Title: Re: Where the correction ?
Post by: fillippone on April 09, 2021, 10:35:13 PM
Every day the bitcoin follow the Stock to flow model, a deep correction of the market becomes less and less probable.
If you want to know more about the Stock to Flow, the only model that can still be deemed viable after years and two halvings, please read my thread here:

Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity (https://bitcointalk.org/index.php?topic=5191012)



Title: Re: Where the correction ?
Post by: TimeTeller on April 10, 2021, 12:09:21 AM
Every day the bitcoin follow the Stock to flow model, a deep correction of the market becomes less and less probable.
If you want to know more about the Stock to Flow, the only model that can still be deemed viable after years and two halvings, please read my thread here:

Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity (https://bitcointalk.org/index.php?topic=5191012)


This thread is really nice. A more in-depth look at bitcoin market.
Also, checking the bitcoin stock to flow model live chart, will give you good insights on what may happen in the next few years.
And this will give you confidence that bitcoin market will be heading in the positive direction
But anyway, I don't understand why people are asking for the correction here.
Why not enjoy the current market and maximize your opportunities here?



Title: Re: Where the correction ?
Post by: proTECH77 on April 10, 2021, 07:45:25 AM
Quote
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
Bitcoin is unpredictable which anything can happen at anytime in this moment of bull that is going on in the world. Those companies that want to be part of bitcoin benefits are those companies who really believe that  the corrections is not fake. Many people are set to achieve something good from bitcoin because is about to hit $70k in this season of profit making.


Title: Re: Where the correction ?
Post by: Renampun on April 10, 2021, 08:27:37 AM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
a market correction is a difficult thing to guess at this point...
the market is really moving violently, what is showing is the performance of the bulls. in recent months it looks like the prices of most cryptocurrencies will be very good and for sure we will see Bitcoin making new ATHs over and over again.


Title: Re: Where the correction ?
Post by: The Sceptical Chymist on April 10, 2021, 04:53:53 PM
i just invested all of my money into crypto on the middle of november
Yikes.  I wish you all the luck in the world, but do you think it's a good idea to go all-in when something is at or near its all-time high?  Seems to me that that's how a lot of people lose money, i.e., by buying high and selling low instead of the opposite.  A better time to buy would have been right when COVID-19 was turning into a global pandemic and bitcoin had tanked.  That was around March-April of last year IIRC.

i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS
That's fortunate for you, although I have no idea what those coins are, and I bet they're a lot more risky than bitcoin itself.  Just be careful with obscure altcoins.  True, they can yield excellent short-term profits, but if you end up holding onto them for too long you could get burned.

Not sure when a major correction is coming next, but we did have one last year as I said above.  Ever since then bitcoin (and some altcoins) have been on a major tear--and there have been dips, so I guess you could consider those to be minor corrections.  That's healthy and I don't mind those at all.  It would actually be much worse if bitcoin kept going straight up for months.  If it were to do that, I'd be scared.


Title: Re: Where the correction ?
Post by: jaysabi on April 10, 2021, 06:00:03 PM
The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.
Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

People keep saying this like it's likely and it just isn't. You may look at bitcoin and think there's no way it's not going to $100k, but taking that as a given is such an extreme viewpoint. Companies aren't in business to gamble, and bitcoin is a speculative investment. Most businesses don't sit on mountains of cash, so (i) their inflation risk is limited and (ii) what cash they have they need it to maintain a stable value, not maybe it's up 10% or down 10% on any given day. There's is absolutely no question that the dollar is more stable than bitcoin, and that's why it's unlikely for businesses to adopt it as a reserve in any meaningful way.
Large investors who are put off by a weak dollar are flocking towards bitcoin, despite it lacking inherent fundamentals. Unlike gold, bitcoin is extremely volatile. I don’t think bitcoin can replace gold as an inflation hedge," he said.Another indicator that is flashing red is the bitcoin-gold ratio, which has risen from the levels of 1.1 to 15 in recent months. “Since both gold and bitcoin have finite supply, the bitcoin-gold ratio gives us a sense about which of the two is overvalued.

Large investors are not "flocking" to bitcoin. Statistically, the absolute number of investors and absolute number of dollars going into bitcoin from "large investors" is minuscule compared to the overall wealth of these investors. Even trying to frame your argument like this shows how extreme your views are.


Title: Re: Where the correction ?
Post by: tbterryboy on April 13, 2021, 05:09:59 PM
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
I don’t know about this, but it has been long that the price kept going up and has been on $50,000 and $60,000, if there should be any correction that should be bring the price to anything less than what we have right now, then I think it should have happened since, but rather the market has been increasing on steady, so I am not sure if there is going to be any correction that would take us to a price that is less than this.

I am saying this based on what we have seen before, but this time might be different and we are not going to see that repeat itself. Right now the price has just increased from $60,000 of yesterday to $63,200 and still on the green.


Title: Re: Where the correction ?
Post by: trigger1975 on April 14, 2021, 02:14:02 PM
I don't think it's a fake bull, unlike the one in 2017.

What do you mean by "fake bull"?  There was demand and it was a bull market.  Later it was speculative action and lots of FOMO.  Same this time with some more institutional investors.  But every bull market will end.  Always.  It'll correct and probably get back again on a rising path.  But how deep it'll correct or when it'll happen: nobody knows.  One thing is for sure: it will have a correction.


Title: Re: Where the correction ?
Post by: GeorgeJohn on April 14, 2021, 04:00:51 PM
Investment is like business from my understanding because it's something that involves risk, from my concept the book titled entrepreneurship let us know that everything related to life involves risk, most especially investment, now relating it to Bitcoin, Bitcoin investment is something that involves profit and gain, the chances to be million in bitcoin investment there and the chances of becoming poor is also there due to loss that involves, so it's better invest in Bitcoin if the capital is there.


Title: Re: Where the correction ?
Post by: LUCKMCFLY on April 14, 2021, 05:23:30 PM
According opinion of Marcus Swanepoel who is the founder of the London-based cryptocurrency firm Luno says:

Quote
“There’s still a bit of distrust in the industry and I think having a company of that size be public is going to help a lot of people realize that this is not just an asset class to take seriously but also a business to take seriously.”
Source: https://zycrypto.com/bitcoin-bulls-propel-more-upside-breakout-as-watershed-event-for-the-crypto-industry-arrives/ (https://zycrypto.com/bitcoin-bulls-propel-more-upside-breakout-as-watershed-event-for-the-crypto-industry-arrives/)

An eventual correction is not ruled out, it may be very large or perhaps a pull back correction to continue pushing the price to a new ATH, we just have to take into account that the gains that the Bitcoin rally has caused in Microestrategy earning more than 4.7 of the net investment of the same, this makes a very good impression on this institution, if they decide to re-invest it is likely that it could happen after the first correction, it could be at any time.

It is likely that the correction is not so radical, however it is mere speculation, today Coinbase is listed on Wall Stret, this can also produce a good bullish rally of Bitcoin, everything is in the possibilities.