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Author Topic: huge crypto market correction incoming  (Read 1446 times)
xatic
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November 28, 2017, 11:42:54 PM
 #1

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
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November 28, 2017, 11:59:01 PM
 #2

That's treu and most of the crypto investors are aware of it. The market is reacting positively because of the positive adoption news coming from every corner of the globe. CME group is about to start their crypto futures contract shortly and many traders and speculators are betting high on it. So we all know that a correction is imminent. But we are also sure that it won't be long before the market bounds back. A little correction is needed to take the next leap and also it will give us another golden chance to score some more bitcoins at a cheaper price. The entire market is running high on positivity so the correction will only be a very temporary phase.

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Nerman
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November 29, 2017, 02:12:39 AM
 #3

That's treu and most of the crypto investors are aware of it. The market is reacting positively because of the positive adoption news coming from every corner of the globe. CME group is about to start their crypto futures contract shortly and many traders and speculators are betting high on it. So we all know that a correction is imminent. But we are also sure that it won't be long before the market bounds back. A little correction is needed to take the next leap and also it will give us another golden chance to score some more bitcoins at a cheaper price. The entire market is running high on positivity so the correction will only be a very temporary phase.

This is on point. Correction always happen on any type of market but with more people investing in bitcoin, price correction will surely be temporary. Just hold your bitcoin because 2018 will be another great year for bitcoin holders.

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November 29, 2017, 04:40:25 AM
 #4

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.



https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
And why we should be worried, corrections are a natural thing to happen in a market, if the price goes down I do not have a problem with that, the only ones with a problem are those that bought at the top and are going to lose money because of it but for the rest of the people in bitcoin that are holding for the long term do not care if there are corrections since they will probably still be on profit no matter how big is the correction.
jseverson
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November 29, 2017, 06:30:18 AM
 #5

Are those really even corrections? I know the first "correction" was the China ban, but what's the second one? Wasn't that the Bitcoin Cash attack? I'm not expecting a massive correction, but then again I'm no expert on the subject.

Either way, if we're basing off past bull runs anyway, we can see that it has come back stronger each time. You also say healthy markets need corrections to keep growing, so one coming should be of no concern. If you're a HODLer with long term plans, you have nothing to worry about at all. If you're a trader, then it may be time to sell and wait for the dip, if it really will even come.

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November 29, 2017, 06:34:35 AM
 #6

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

All has been watching very keenly when will this correction occur. From the all time highs of both $7k-$9.9k there is no recorded fluctuation in pricing only the opposite of it and it still rises. Correction will strike the market soon but there is no need to panic. It will not crash only a correction.
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November 29, 2017, 06:44:10 AM
 #7

Nothing scares me like the upcoming correction  Shocked Shocked Shocked
I'm really afraid that correction may be such powerful and huge, that we can lose a lot of current players at the market. Maybe it's time to burst to be reborn as a phoenix?

But mostly, I care about my savings in BTC  Grin
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November 29, 2017, 06:58:01 AM
 #8

Cryptocurrencies are adapting the technology. But, if the balance is not good, then corrections should be done.
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November 29, 2017, 07:17:44 AM
 #9

Are those really even corrections? I know the first "correction" was the China ban, but what's the second one? Wasn't that the Bitcoin Cash attack? I'm not expecting a massive correction, but then again I'm no expert on the subject.

Either way, if we're basing off past bull runs anyway, we can see that it has come back stronger each time. You also say healthy markets need corrections to keep growing, so one coming should be of no concern. If you're a HODLer with long term plans, you have nothing to worry about at all. If you're a trader, then it may be time to sell and wait for the dip, if it really will even come.

That's really good point, I've recently stopped thinking about crashes as corrections because they are simply a part of specluation. To put it simply, the price is growing because there are people who buy because they believe that the price will increase further, while most of others who have bought earlier wait out of fear of missing out on bigger profits. But when buying stops, the trend reverses and people start selling because they see no growth in the near future - so the price quickly crashes to some lower level. This is essentially what "correction" is all about - the price goes from "overpriced" to "fair" or even "underpriced". But with Bitcoin it's a bit different than traditional markets - Bitcoin may crash due to huge speculation on some FUD - like China ban or Bcash pump recently. It is also very volatile and no one can really tell what is the "healthy" price for it, so Bitcoin usually recovers from corrections (dips, crashes) very quickly, which means they might not really be corrections - Bitcoin's value rarely stabilizes.

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November 29, 2017, 07:25:47 AM
 #10

For your own good remove what has happened in stocks and forex markets from your mind as this is a new market and price behavior is quiet different. People has been saying bitcoin price is bubble others saying the upward movement is abnormal since bitcoin was $1,500 July this year but were are we now?  If you have bitcoin hold and if you don't have buy.

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November 29, 2017, 07:28:23 AM
 #11

Seeing Bitcoin rise at such a rapid speed it is known to the experts that a correction is indeed necessary for BTC to grow steadily.
A large red candle was seen today as a mode of correction and BTC is now having a good support at $10400 . This could be a strong support line for BTC while aiming for the $11000 resistance. I think the correction is done now and BTC won't go much deeper than this. We can see a bullish run again for a few days before we see it suffer from another correction.
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November 29, 2017, 07:37:07 AM
 #12

Of course there will be correction and that's inevitable, the only thing we can do is to be prepared to this correction and of course mass dump will be happening before this year ends, so better gear up and get ready for time because for sure everyone will get affected by this correction.
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November 29, 2017, 07:38:25 AM
 #13

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.



https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

Whatever they are planning, soon many people will realize how Bitcoin will replace our old way of our transactions (Central Banks), but as of now it's still needed. I hope it will not fall down below $10k when that happens.
The rise of Bitcoin will continue as long as the Internet remains available. We also need part of the population to have access to computers, and we need enough redundancy in the blockchain for the Bitcoin transaction to be maintained.

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November 29, 2017, 07:42:02 AM
 #14

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.



https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

It definitely worries me, but I don't think I'll stop holding anytime soon. Sure a correction could tank everything, but in the end, there is strong support for crypto going into 2018 and that's really the only reassurance that I need for now. It also amazes me how quickly and firmly bitcoin broke the 10,000 sell barrier wall. It seems like this bullish run could keep going for a bit longer before the corrections come into play. Not sure if this is the best opinion you'll get, but this is what I've been going with for the past few months.

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November 29, 2017, 07:53:13 AM
 #15

That's treu and most of the crypto investors are aware of it. The market is reacting positively because of the positive adoption news coming from every corner of the globe. CME group is about to start their crypto futures contract shortly and many traders and speculators are betting high on it. So we all know that a correction is imminent. But we are also sure that it won't be long before the market bounds back. A little correction is needed to take the next leap and also it will give us another golden chance to score some more bitcoins at a cheaper price. The entire market is running high on positivity so the correction will only be a very temporary phase.

Yes this analysis is similar to what i have posted before
on a different thread. There is and will be more adoption
and acceptance of bitcoin and following on from crypto
general.

The value now being over $10000 is this the proper rate
that bitcoin should be at? Was it always "undervalued"?
 Shocked

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November 29, 2017, 07:58:18 AM
 #16

Yeah, seems like prices will all drop after a few days and it will all correct since the prices are all based on bitcoins and bitcoins are pretty high right now. But I think it will all go back up since it will all drop by a lot and for sure investors will see this as an opportunity to buy more alts. This is the usual case in crypto trading, alts die when bitcoins goes up and when bitcoins are so high then altcoins will be so cheap that people will buy them back.
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November 29, 2017, 08:43:24 AM
 #17

A lot of people say that cryptocurrency is in bubble but i do believe that its not and it will keep on soaring higher. The price of altcoin might correct but it will not last longer. This is the future, watch ou for this.
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November 29, 2017, 09:50:01 AM
 #18

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.



https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
i think correction is just a formality for the things that must be done
Thats why theres a management team sp everything in the corculation
Should be in proper system.and flr me theres nothing to be bother
Because of correction that might bring dump to some coins specially
Bitcoin but the holders must not panic we know how strong bitcoin is
And it will recover for sure much bigger

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November 29, 2017, 09:55:57 AM
 #19

We are far from being a market big enough to be corrected.

We still have a good margin before that, look at the market cap of Apple

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November 29, 2017, 10:07:32 AM
 #20

Correction will be made very soon because right now the market is in big voltaile condition. May be very soon price will be consolidate at one point. Soon there will be correction for exact price of the coin.

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