Is the market correction coming?

[misterBLK]

the market cap grew very rapidly after August 1, do you guys think the market will correct itself like it did the last time?

[alyssa85]

Well alts are all down today - I expect it is because BTC hit $3500, and altcoin holders are selling to get bitcoin so they can then cashout into fiat at the high rates.

There won't be a sustained rise in alts till new money flows into crypto.

[lucky2510]

the market cap grew very rapidly after August 1, do you guys think the market will correct itself like it did the last time?

i think that after august 1, this is just a beginning for coin market and i think that we wont see market correction that fast..
maybe bitcoin drop a little under 3000 or 3100, but then will that money flows into alt with high tech and potential like STRATIS, WAVES, XEM and etc..

[JPMoron]

To be honest: Please dont come now. HODL.

We have to make ourself stronger now, next year (many) bankers may come here and also next coming year.
They read chart and it may take time for them to come here.
I expected a market would need to cool down later prior the holiday (I dont mean by coreection).

The love is in the air now.
Dont let it go.
HODL.

[Zulucia]

Well alts are all down today - I expect it is because BTC hit $3500, and altcoin holders are selling to get bitcoin so they can then cashout into fiat at the high rates.

There won't be a sustained rise in alts till new money flows into crypto.

I agree with that. It seems the bitcoin will be stronger in the near future. It is better to buy it now.

[Red-Apple]

the market cap grew very rapidly after August 1, do you guys think the market will correct itself like it did the last time?

the "correction" that you are waiting for has been happening all along. it is never going to be a sharp vertical red line to the depth of abyss
instead it will be a rather fast drop at first when the bubbles burst then it will be a slow drop down to the normal prices as the bubbles continue to let out air, in other words as people sell and cash out and newbie-bag-holders give up on their dreams of becoming rich after buying on top.

also remember that market cap is always growing in the background as new coins (for existing coins) are mined and also new coins are created. it is an endless growth of supply!

[Route69]

Doesn't matter what we think. Frankly speaking it always unexpected for the most of us

[TastyChillySauce00]

Don't really think that there'll be a correction in this month. Guess what, the markets were already all red few weeks ago and it's now green for some moments. If there's always correction after the pump, I think that the whole markets will be doomed.
Bitcoin and ETH are now simply gaining its "real" value after being dumped hard before August. I'm myself pretty confident about it.

[Sephire]

We already got a big market correction last month. Another correction will come eventually
but after a big rally.

[soothaa]

Yeah this rally has not been as insane as the last rally, I still think we are in the semi early stages of this rally. I think Bitcoin needs to break $4,000 or higher first to get any sort of turn around - plus with the additions of new Asia focus projects such as NEO and OMG I think we are only just beginning to see the influx of Asian capital into the markets. Think about it, there is like what, 2 billion people in Japan, Thailand, and China? If each of them buys $10 USD worth of Crypto, that is $20 BILLION dollars added. Obvious it will be a far smaller percentage, but you get the picture.

[dimatu]

I don't think we will see a massive correction before btc goes crazy again in the 5k level.
Also there was lots of unknowns before the 1st august, with the splits, now most of those unknowns are gone, so the sentiment is way better that prior to it, regarding btc

[Paycoinzzz]

We already got a big market correction last month. Another correction will come eventually
but after a big rally.

In my opinion the price of altcoin on market will recovery after Bitcoin price stable and not falldown under $3000 in this month.
Because if correction price of Bitcoin under $3000 will be have panic selling.

[gedor]

No, I don't think there will be crash or correction, bitcoin came to the price that it deserves and other coins faced some correction and now market is good.

[go4crypto]

This current crypto rally is only couple of weeks old so has plenty of room to go higher  before any correction.

[Idrisu]

Human mind always believed that there is a power greater than it and it seck to worship that and that is whys the wisest man that ever lived said “God has created eternity in man heart” religion will never disappear from humanity because of this desired. Though it has done more harm than good.

[misterBLK]

I'm still thinking that market cap is rising too rapidly, alot of new people are coming like the last time and someone has to take advantage of it

[McWorse]

We had a very strong correction in the weeks before aug1st. But the longer this correction lasted, the more the hope grow for a new bullish trend, which covered up more and more the uncertainties.
In my opinion, the knot is bursting at the moment.
We are in the early stage of a new period of rising with upcoming new heights. Many new people are standing in the row for entering the market.
But because this is the www and more and more people coming in, these uptrend won't last as long as former uptrends. We are talking too fast and too much about crashes and corrections, and we are connected in real-time. We are flooded with informations, until we believe them. This makes the waves of the market higher and faster, because uncertainties can get spread faster than ever over the market.
Fasten your seatbelts.
In the middle of october at the latest, the uncertainties of the BTC fork will cover up the hope for the uptrend, and at this moment the uptrend will have reached that heights, which will heat up the discussions about an upcoming bubble-burst. We will be more and more nervous. Our hands will weaken.
And then:
BAMM!!!
We will get, what we believe in:
Bullshit again.

[cryptor47]

A correction is coming, it always does. The only question is when. I expected it to happen already to be honest. Completely missed this time. But when it does I think BTC will hold $3000 mark, that's the new low.

[Cosbycoin]

I'm still thinking that market cap is rising too rapidly, alot of new people are coming like the last time and someone has to take advantage of it

Yes, market cap is continuously pumping and it is attracting masses around the globe. It is kind of good for the market that market cap is increasing and if the investors are rushing towards the crypto market, this will ultimately make the market more stable. Obviously some lucky investors will take advantage of all this.

[shtako]

There is so much talk about bitcoin > $5000. I dont think we will see much resistance before it hit $4800. And alts will most likely continue down if that is the case.