huge crypto market correction incoming

[Laland]

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

It is just small compared to any multi billion market but it is stil ldecentralized and the issue of anonymity is there so i think market correction when it will go to at least 15k$

[1714165700]

1714165700

[desi92]

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, healthy market is always with correction. Sometime when is pump so high without correction so it has potential to dumb so low also without correction.but special for bitcoin it will not happen in my opinion.

[chip211]

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

Market capitalization will continue to grow as many people are interested in the crypto market. Where traders can make a huge profit.

[longyenthanh]

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

Market capitalization will continue to grow as many people are interested in the crypto market. Where traders can make a huge profit.

Yes, but somewhere there is a limit to the capitalization of profits by people. Correction may be soon.

[expert4knowledge]

It depends what you mean by correction, for me as long as we stay around 8k, it's not a big correction ,just a normal fluctuation of the trend

[MiningBattalion]

It depends what you mean by correction, for me as long as we stay around 8k, it's not a big correction ,just a normal fluctuation of the trend

The healty market is always correction and market capitalized to continue to grow up many people by profit and interest into the crypto market where traders make a huge profit but special for bitcoin it not will happen in my opinion.

[Hydrogen]

Terminology utilized by traders and investors has a potential to confuse people and prevent them from seeing specifics in how market mechanics unfold. If bitcoin's price dips after a rally, most would call this a "market correction" and interpret it as a sign that bitcoin was overvalued. A dip in price could have many causes. It could also be premature selling from inexperienced traders. Fallout from anxiety over the next big fork. There were many "market corrections" after bitcoin hit an all time high of $2,500 which could give an impression btc was overvalued.

Emphasis on market momentum could be valuable as an indicator. There could be cases where btc dipped in price with a majority of momentum swinging in an upward direction, which could indicate the price would continue in an upward trend.

With equities trading slumps or market corrections are often preceded by dips in fundamental performance. Bitcoin doesn't fit inside this paradigm, its more similar to gold and isn't as prone towards some of the tell tale signs and analysis equities traders would normally expect from a market.

[Gozie51]

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

You are exactly correct on your position. The correction is looming , it is necessary and it is likely to cause a huge bullish to altcoin that are not doing well at the moment.

[blacktux88]

such an nonsense , everyone is happy thats btc is growing the right people makes a lot of money after that the correction it -.- biggest problem in crypto.

[jaysabi]

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 looks like a bubble, so yeah, I'm worried about the price level. Today there was a flash crash where btc fell over 24% in about 4 hours. It rebounded quickly as well, though still off the intraday high by about 10%. The volatility has been crazy, and such dramatic price swings (in either direction) don't provide any confidence that this is sustainable or rational. Watching order book data on gdax in real time, there's no doubt algorithm's are driving trading, and I have to believe they are fine-tuned to profit off volatility and to drive or manufacture that in order to capitalize off it. That doesn't do anything to assuage my concern that the current price level is artificially high, given that it was likely driven to this point by computers, and there will be nothing to sustain it once it begins to fall. Everyone treats bitcoin like its rise is inevitable, and nothing in the real world works that way. That's mania, and a sure sign of a bubble. 

[expert4knowledge]

It depends what you mean by correction, for me as long as we stay around 8k, it's not a big correction ,just a normal fluctuation of the trend

The healty market is always correction and market capitalized to continue to grow up many people by profit and interest into the crypto market where traders make a huge profit but special for bitcoin it not will happen in my opinion.

Traders have a good margin still to make profit if we believe bitcoin will reach 25 or 50k, at the end, everyone wants bitcoin that high , especially biggest traders who are on the market since years

[Hamphser]

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 is already anticipated which price corrections would really happen anytime soon but talking on crashing out its price just like what happen on those years wont really happen on this recent year on bitcoin.We would definitely see price correction but not totally dip down going back into lower price like on 5k range but still even we go back into that price it isnt bad after all because we did able to see how much price did bitcoin able to rise up on this year which we should really expect price corrections would happen later on and the important thing is that we should secure out before we would able to be caught on such correction.

[BillCoin]

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 agree that a big correction is about to come, but it is really hard to determine when it is going to happen.
You can never know if the correction is going to be happened when the  bitcoin price will be already more then 15K$, or it's going to be tomorrow or in a hour.

I think that this mega bullish bitcoin market becomes very risky, and people who are not ready to take loses should not be investing at it at all.

[audrey12]

This is a normal activity that many anticipate since crypto currencies is now taking the lead in the market a lot of changes and adjustment must be needed. I guess we will expect more correction as long as no stability for cryptos has been set for now. But even though we must not be worried because surely at the end of each correction the result will always be favorable to every one.

[Ayiranorea]

What is happening with the entire cryptocurrency is a massive correction. The volatility it found high during the time of price increase and the same thing is taking place at present. Whether it can be used as an opportunity to invest into altcoins or just keep hold of the assets without a switching. Everyone might be in a dilemma thinking of the ongoing situation.

[chrisrok]

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.

good answer! totally agree. see the correction as a chance to get more bitcoins. when the correction actually gonna take place - no one knows...

[Zandar]

No market correction is coming as long as they keep forking Bitcoin will go higher and higher in price and the crypto market will get huger and huger.
Ofcourse it went from 250 billion to 310 billion in a week, bitcoin went from 7.5k to 10k while the amount of it remained the same, that's basic mathematics.
Also crypto market is not like regular market, people keep forgetting this, due to this most people that know real markets keep falling into the same ditch over and over again.
The same way it went from 250 to 310 the next week it could also go from 310 to even 200 billion the next week if the price of Bitcoin would drop when lots of people would try to cash them in dollars. But since more and more forks are being planned and are going to happen, people will keep their Bitcoin to get more and more of this free fork money. So the only way Bitcoin will drop is when they stop forking it, but to keep this charade going they will keep announcing a new fork practicly every other week. Next fork with Bitcoin platinum is coming in december probably by next week.

[chukaday]

I don't think it will be huge but as I am writing this 60b has left the market past day or two so what do I know lol. I thought this was going to happen early on because of December, winter, and Christmas. Something about winter coming means slow investment season I think at least for me anyway and I thought the market was gonna get destroyed anyhow. Well it went up first now crashing back down only question how far will it crash?

[portotoi]

Well if this huge crypto market correction will really take place, we cannot do about this but to embrace it, but it may never take place right away, it takes time, a very long year.

[riderinred]

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"?
 

I think the "true value" of Bitcoin can hardly be determined. McAffe corrected his end of 2020 prediction form $500k to $1M.
I'd rather call it "undiscovered" instead of undervalued. Most people were just not interested in Bitcoin since 2017. Now it's starting to doom on them, what the implications of a trustless money-system could mean.
To sum it up, in the long term I think that old McAffee might not be bunkers after all.