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Author Topic: huge crypto market correction incoming  (Read 1446 times)
Golftech
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December 09, 2017, 04:48:31 AM
 #81

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
Risk takers most of the time take a better profits, those who are ready to take part of the bloody movements are also gaining after the bounce back,
its better to analyze your self because its really hard seeing hard downfall approaching in front of you, always think that its normal inside crypto
industry.

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December 09, 2017, 05:11:09 AM
 #82

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
Risk takers most of the time take a better profits, those who are ready to take part of the bloody movements are also gaining after the bounce back,
its better to analyze your self because its really hard seeing hard downfall approaching in front of you, always think that its normal inside crypto
industry.
but sometimes when the altcoin market bleeds. it always lasts longer and deeper, and sometimes we do not know when is the right time to take the buy movement. though we still always have a square when the price goes green

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vv181
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December 09, 2017, 05:21:41 AM
 #83

There is no doubt after the recent bitcoin price rising so enormous and fast, a correction is expected and will happen, but we don't know when it will happen, and also what is the top price is yet. But the borderline is, from what I experience a thing that goes too fast will not end so well.

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TheServerDown
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December 09, 2017, 05:23:31 AM
 #84

There will.be a price correction after this enomous change ng pricing. I'd say it is better to have a good pricing corection then rally for $20k.
lelahkenabanned
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December 09, 2017, 05:44:48 AM
 #85

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

yes you are right they are doing price correction and take profit, their price will buy bitcoin back and make new record high price for bitcoin.

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December 09, 2017, 05:46:53 AM
 #86

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
Risk takers most of the time take a better profits, those who are ready to take part of the bloody movements are also gaining after the bounce back,
its better to analyze your self because its really hard seeing hard downfall approaching in front of you, always think that its normal inside crypto
industry.
but sometimes when the altcoin market bleeds. it always lasts longer and deeper, and sometimes we do not know when is the right time to take the buy movement. though we still always have a square when the price goes green

When BTC rises, everything invariably goes down in terms of BTC. Even the better alt-coins. So you take the risk by buying one of these and shorting them when they scale back-up.
These cycles will not be there forever and they will soon die down. Make the most of them while they are still there. Only risk what you can afford to lose.


You have to let it all go Neo.
Fear, Doubt and Disbelief.
Free your mind.
 
[/color]
maydna
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December 09, 2017, 05:54:00 AM
 #87

we have seen the price is dropped too far but fortunately, the price can increase back although it is not as the higher price before. this condition is making trader confuse to buy bitcoin or altcoin. we need to be careful of this because the price now cannot predict and it could be another drop in next day. my feeling said that bitcoin price is stable for a while now and it is time for altcoin to increase again.

richmcrich
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December 09, 2017, 01:10:29 PM
 #88

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
I don’t really if that will be happening around this time or maybe later, but whenever it does happen, I pray it doesn’t just drop in a minute, but should take hours, and not just hours but days even, so that people won’t make loss. I have seen a lot of people complaining that the price is going out of hands and needs to be controlled. Maybe there will be price correction, this might be another rumour to force people into withdrawing all their money which may lead to a fall creating chance for the new guys to buy-in, well not a bad move though.

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December 09, 2017, 03:16:09 PM
 #89

What happens with bitcoin and cryptocurrency has been taken into account by everyone, now people prefer trading cryptocurrency and leave the old way of trading forex, I'm sure the future trend of trading is like this.

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william8829
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December 09, 2017, 04:20:32 PM
 #90

Bad news is what is lacking at the moment.  It is not just Bitcoin/alt coin markets doing well.  Wall Street has been a bull for nearly a decade with financialists reminding people that bull markets do not last forever.  There have been 12 bull markets since the 1930s. When people feel safe they invest in new things.  Fear will make people invest in more traditional securities.

https://www.usatoday.com/story/money/markets/2017/03/07/bear-market-warning-flags/98695888/
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December 13, 2017, 05:16:36 PM
 #91

Are you kidding? I've been worried ever since Bitcoin set off unfettered past the $4,500 mark! I'm still waking up most days wondering if it'll be the day I login to see Bitcoin back at that price. And when it did threaten to touch 9k, I thought that was really it. But here we are...

The problem is that people buying at 25k are doing so only because they have the belief that there will be other people in the future who will buy those coins off them for more. This is why people say bitcoin is a ponzi, it requires ever more people buying at ever higher prices in order for the price not to crash. Fundamentally, I agree with this concept with the added caveat that a ponzi is intentional deception, and bitcoin is not. This is an important distinction, bitcoin operates like a ponzi without the intention of being one.

Exactly! All the bubble symptoms are there, yes, we're (I am) happy Bitcoin hasn't run out of steam, and it probably won't because every single day, someone is asking me now how to buy Bitcoin, or has told me they've already bought some, and some are preparing to go into it. I'm at a loss really at what to say, suddenly friends are poking me asking why I didn't tell them to jump in earlier. I fear for all of them, but when they're enjoying profits within days and weeks, hard to put a brake on that. Basically, there is a steady stream of new Bitcoin buyers and this is going to up the price for a very long period.

The correction... I can't predict it any longer.

I've had people asking me as well, and I've told them all the same thing. I haven't bought any in years because I've been worried about the price and the mania surrounding it. The mania is everyone's unreasonable expectations. I tell people who ask, I'm not a buyer right now, and probably won't be again, because if the price crashes and reaches a sustainable level and actually becomes useful as a currency, it's no longer an investment asset because all it does is maintain value, not appreciate in value. I don't currently see any circumstances where I am a buyer of Bitcoin again. The only potential opportunity I see now is if a crypto comes along with better tech or innovations and has the potential to displace Bitcoin. That would make it a (speculative) buy.


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December 13, 2017, 06:00:12 PM
 #92

Honestly this is what I can expect from Bitcoin. The simple theory many peoples are joining Bitcoin because they are watching it as it increases its price rates. Another market will rise even more but the most Unbreakable step it I am worried about us is what is going to happen when Bitcoin mining is going to face another hurdle which can properly make many people lose their trust, we can already see that many transactions are became slower than previous month.


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December 13, 2017, 06:39:37 PM
 #93

Sometimes markets turn bloody. And that is the time, when you have to buy. Even if the markets are red with your own blood...
Risk takers most of the time take a better profits, those who are ready to take part of the bloody movements are also gaining after the bounce back,
its better to analyze your self because its really hard seeing hard downfall approaching in front of you, always think that its normal inside crypto
industry.
but sometimes when the altcoin market bleeds. it always lasts longer and deeper, and sometimes we do not know when is the right time to take the buy movement. though we still always have a square when the price goes green

When BTC rises, everything invariably goes down in terms of BTC. Even the better alt-coins. So you take the risk by buying one of these and shorting them when they scale back-up.
These cycles will not be there forever and they will soon die down. Make the most of them while they are still there. Only risk what you can afford to lose.
Not all the times on where you would tend to follow up these kind of basis since when bitcoin price tends to go up and alts are most going down I agree on this stuff since ive been seeing these kind of scenarios for years now basing on the history of past experiences on cryptomarket which as a trader or investor its like just gambling where we should decide either we do risk to invest or buy on dips but this is somehow have some basis not purely speculating or guessing. Price corrections are normal and nothing to be shocked off.


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June 12, 2018, 04:20:10 PM
 #94

the present market cycle is six-month cycle correction happening so if this continues we may see big bear cycle
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June 12, 2018, 04:49:49 PM
 #95

this seems to have been corrected in price because previously bitcoin prices can touch at a very expensive price and currently prices and bitcoin volume down so that there will be a lot of price correction.

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June 12, 2018, 05:02:25 PM
 #96

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
Most of the coin holders in the cryptocurrency market have been surprised by the continuing price cuts in the cryptocurrency market. This makes investors confused and sad to put their funds in the market
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June 13, 2018, 09:25:59 PM
 #97

Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!

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June 13, 2018, 10:54:51 PM
 #98

Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!
That post was written when the price of bitcoin was at the peak and it happened which we all saw and now there will not be any other bigger correction. The current up and down is the normal fluctuation in the price of bitcoin which will continue for sometime and after some time the price of bitcoin will again start to increase and again we will see another ATH in the price of bitcoin.

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June 13, 2018, 11:25:52 PM
 #99

Correction is always a positive thing, yes for some people in the moment of going it is not, but be patient for the time. After that everything changed: price, popularity, taxes. These small thing that in general, gives you the picture of situation!
That post was written when the price of bitcoin was at the peak and it happened which we all saw and now there will not be any other bigger correction. The current up and down is the normal fluctuation in the price of bitcoin which will continue for sometime and after some time the price of bitcoin will again start to increase and again we will see another ATH in the price of bitcoin.
You are right that the original post was made when bitcoin price was very high but that also means that the poster's prediction has come to pass too. Also I do not know if this continuous fall is normal or not. It now is scary to me that bitcoin is red this day with nothing major to pull it up. It can still go down if we are still thinking it is correction.

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June 14, 2018, 12:00:03 AM
 #100

the ongoing market correction is the example of correction we can expect this correction countuine for next 3 months after then we can see price hike
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