Is 50% correction on BTC possible?

[akram143]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

I don't think price correction will occur so the price maybe stabilize between $11K and $12K for some period of time,this price rise was surprised everyone,because everyone speaking that it will reach $10K on some days beofre but now it looks like $15K is possible by the end of 2017.I fthat price reaches to $15K beofre this year then there may be a price correction will occur.

[Kakmakr]

One thing I have learned from the time I have been around this crazy technology is to expect the impossible. We have seen a price increase from $1000+ to close to $12 000 in a very short time. This year, we saw a increase of more than 800% in the price.

One thing is certain, the price will correct at some time. It might not be this month or even for the next year, but something will trigger a mini dump and depending on what that might be, will determine the size of the dump. ^hmmmmm^

[worldofcoins]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

Bitcoin is way off from correction, why dont you use your head and stop asking people for advice.  I did that before with ETH and lost thousands doing that. 

[aestrum]

Sure it is possible, bitcoin had done it many times in the past. But for the long term it will rise.

[worldofcoins]

One thing I have learned from the time I have been around this crazy technology is to expect the impossible. We have seen a price increase from $1000+ to close to $12 000 in a very short time. This year, we saw a increase of more than 800% in the price.

One thing is certain, the price will correct at some time. It might not be this month or even for the next year, but something will trigger a mini dump and depending on what that might be, will determine the size of the dump. ^hmmmmm^

The ones who do a minidump are gonna kick themselves when they do, because there are people who gonna buy there dump coins and btc will continue to rise.  Again seems no one is thinking about the rate where we cant duplicate bitcoins.

[olubams]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

A correction of 50% is difficult but not impossible because in the crytpo world, its safe to say nothing is impossible but at the same time, we cannot ascribe the whole of the increase in price to pump and when that should fail, other reasons that have contributed to the increase in the first place, are expected to hold fort for the price not to fall as low as 50% pending things might pick up again.

[bitcoinking11]

Bitcoin bubble would burst sooner or later. 50% correction is very much possible. It would happen in the beginning of 2018.

[Nowherman]

Bitcoin is an extremely volatile financial instrument. Therefore, there is always a possibility of its correction by 50 percent or even more.
We must always be ready for this event. To protect it, you should always withdraw a part of profit. And another part reinvest when BTC rate drop down.

[OzyMeister]

Well 50% correction is possible in case there's a thing like that happened in china a few days ago :3 that might be a good chance to invest though.

[bitfocus]

Anything is possible with Bitcoin and that's the beauty of it. Investors would die for such an opportunity to buy in a damn low market as 50% of it's current price and then wait a few weeks to make more than 100% profit

[salihno71]

Yes, 50% correction is possible, why not? But i think it's unlikely. If the correction occurs, it will not go lower than 8000$. I expect once the futures start to trade, price will go way up. So correction will happen at some later point in time. But this is all pure speculation. What might be the problem is the fact that the regular investors and hedge funds which will most likely be investing into btc are used to the more stable assets - how will they react to the bitcoin's volatility is still unknown. This might increase swings.

[A1exander]

Not impossible, but very unlikely. The volatility is decreasing compared to the previous years, there will be a lot of buyers at lower levels. However, 20% can happen anytime, within a single day. There was something like that on November 30th.

[GazorpPozorpec]

I think we will have a large ABC correction (Elliott) and bitcoin will fall to$5000.

[Lancelot04]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

Everybody is now crazy about Bitcoin and it can increase its value now and then, but of course it will depend on the peoples fear if it can go down as much as that.

[khaled0111]

A correction became mandatory with the fast growth of bitcoin price and it will happen sooner or later.
But a 50% correction is too high and can't be accepted. I think it will be a small correction and can't be that severe.
Many bitcoin users started to believe that Bitcoin is auto regulating which is a strange thought but all facts confirm it.
Despite the continuous forks and attacks bitcoin always find a way to recover without any technical intervention.

[Svelto]

50% will be too much a correction. Unless there are fuds and bad news going on, otherwise I don’t think we will see such big correction. IMO,  a 20% to 30% correction is more realistic.

[Pursuer]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

50% drop is not called a correction. it is called a massive dump and will most probably have some sort of HUGE FUD with it at the same time. otherwise there is no way a 50% drop can happen with everything that is going on about bitcoin these days.

all these years people were saying where is the mainstream adoption, and now that it is here you are in denial thinking price should fall just because you don't understand the rise.

[lite]

This is bitcoin, everything is possible! although a 50% drop in price( $6k a bitcoin) is unlikely. i think price will go down to $8k-8.5k, then continue going up!

op move this thread to speculation.

[gabbie2010]

With the current continuing rise of Bitcoin price, we expect a correction coming soon. Do you it can reach around 50%? Give us your thought and own prediction.

I don't believed correction to 50% is realistic because the movement of the price bitcoin always defies technical analysis unlike forex trading.
In spot trading  technical tools like Fibonacci analysis, Gann analysis which can accurately predict 50% price retracement may not work in cryptocurrencies.

[Masterio]

I don't believe it will do 50% correction, however, I'm pretty sure it can easily get back to ~$9k before boosting back up and breaking its own record.