huge crypto market correction incoming

[lvincent]

It's true that market correction is coming in crypto market and maybe it's sooner than we think we just always need to be aware and ready to minimize our loss and market correction is not that bad after it we can start again with a much more bigger profit than what we already have. We can have a large and bigger profit just always be careful and play your cards right.

[expert4knowledge]

So actually the correction is not coming now, maybe 10k is not enough for the smart money to sell yet,  we may need the 20k before the big crash and death of bitcoin

[gabmen]

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

Well it's here now. And i think people are already expecting a dip that's certain to come. Some were even hoping for it to come sooner so they can buy for the next wave. I don't think a lot of people are concerned about it.

[Preciousjuls13]

Not possible to happen because crypto is very pendent in the flow of the market. Taking advantage of some people may bring crypto into a lot of changes in the incoming. Price fluctation may somewhat contribute a lot for what will happen in the future.

[jaysabi]

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

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.

[okala]

Bitcoin has been making some corrections for quite some time and if you follow the price movement you will understand that even yesterday Bitcoin make some correction before the current push. However, big corrections is underway and that is when Bitcoin will fight face to face with bankers and politicians who are against crypto currencies development.

[waynechong1995]

Yeah seems the bullish nature of Bitcoin are getting alts out of control, they are growing unnaturally these days are people are anticipating them as 'price recovery' which is not entirely true when most of the projects have no significant value in reflecting their prices, i would rather stay on main projects like Ethereum while getting my profits fast and off in alt's market, the big whales would soon drop their loads of bitcoins when the timing is right, investors are rich and unstoppable these days.

[krigger]

My prediction from experience is that we will not reach $20,000 and instead there will be a major crash before the New Year. It might last until after the New Year... but the latest id January and everyone who got BTC in the past couple months is going to sell it all and there will be massive panic.

[filharvey]

Its true that market correction has not undergone for a long period.This is because market situation is entirely different now from previous one.CME has entered the market and CBOE is also to enter soon.These have brought large number of new customers since coinbase got thousands of new customers immediately after CME announcement of issuing bitcoin futures.We might have to wait for some more time for market to get settled.

[raven7886]

There is no point worrying as everyone knows it is something that is going to happen anyway. The market is getting a lot of attention right now and it is normal to see some huge adoption based on the upcoming news. There is a huge inflow of cash coming in, so it is normal to see some little dump in the coming weeks. I would not call that a reason to worry and as far as I am concerned, I am still going to keep holding.

[Hamstead]

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.

That's true, there is nothing we can do that. Instead we just support and keep moving forward because this is the way why bitcoin exist and become popular. I know there nothing to worry about for the coming correction, maybe there is only some adjustment in regards of market capitalization. And I know that, the community will still happy and benefit from the said correction.

[Siopao]

From the rapid increasing of bitcoin value, I think there will be corrections that will happen, this is necessary so the sustainability of the market will last long. But I don't think it will be huge decrease, there is no need for us to be worried about this. Bitcoin is a strong community and a lot of people have been patronizing it and this will help for the stability of btc.

[buwaytress]

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.

[beerlover]

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.

Yeah, the market keeps getting stronger and stronger each and every day and we do not get to see some of the things that we have all been seeing in the crypto market few years back now, most especially in bitcoin and that your point is a good one bro.

Corrections are not getting as huge as they used to except for some of the FUDs created and some attacks just like you said. However, there are so many corrections that have always happened after a bull run in the past and not just the scenarios you have painted, so they are just a normal thing in the market basically too test the strength.

[Ewox]

Corrections are actually a natural phenomenon especially in the market and it shows that bitcoin is in a healthy market because of its price correction. That only goes to show that its movement and demand is increasing too. I'm not actually worried about these corrections in fact, I am looking forward to these corrections so I can be prepared.

[glowing10]

My prediction from experience is that we will not reach $20,000 and instead there will be a major crash before the New Year. It might last until after the New Year... but the latest id January and everyone who got BTC in the past couple months is going to sell it all and there will be massive panic.

Well if that is the case than it can happen before the Christmas itself as people will sell and make out the profits which help them to celebrate the Christmas. And once the New year begins then again they will start investing because till than the market would have already crashed and now the cypto currency would be available at more decent price than now ,

[lossy]

Does anyone know when the correction would exactly happen?or it would just surprise us all?

[makila]

Does anyone know when the correction would exactly happen?or it would just surprise us all?

how can anybody predict the future? you can only see a glimpse by technical analysis and take your own chances.
the best time to invest was yesterday and the next best is now imho (ofc concidering the long game)

[mOgliE]

Hi,

Well, people (I) think that it is indeed worrying.. But it is also how bitcoin works. It is increasing, always and always but still undergoes sharp falls from time to time!

How do you want to "correct" it? Volatility of the bitcoin is indeed a though question.

[bohr]

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.

Corrections are going to become even shorter, in the past a correction in bitcoin could last for several weeks or even months but with the growing enthusiasm towards bitcoin corrections are not lasting that long, this means that we are witnessing a change in bitcoin, fresh money is starting to circulate in all cryptocurrencies and that is why we have seen such a growth in the last months.