Is 50% correction on BTC possible?

[Hiroaki]

It is absolutely possible. There will be again days, where people think "bitcoin is dead", usually these are the best buying opportunities. I already can her the voices that compare Bitcoin with Myspace.

[John Langut]

The CME reportedly will build in shock breakers for Bitcoin Futures that limits the daily change to 20%. I don't know if they'll be able to prevent a correction of 50% spread over several days or weeks though.

[bitbunnny]

Everything is always possible with Bitcoin but I don't think this will happen now. Don't see any factors that could influence Bitcoin price in such negative way at this moment. Correction will happen eventualy and it's not excluded that it might happen by the end of the year but I don't expect to be in such extent and 50% would almost represent crash not just correction. But after every correction Bitcoin price recovers soon and on long term I'm not worried about the price.

[redsuncrypto]

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.

No one can be sure for this. Trading crypto currencies is playing game with high risk. We have to accept it

[spadormie]

Who told you this? LOL. This will not happen. Correction might be 1%-10% only as of bitcoins POV right now. Not 50% that is highly unrealistic to say. Be more on the realistic side of bitcoin. Don't assume that big dip might take place.

[Dendy69]

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% is not a correction. It is something greater. If somethink fundamental happens, than yes - 50% possible. For example, Bitfinex and Tether scam. But I personally don't expect this. I think we will see 15k+ in expectation of CME launch future on btc.

[deepika the crypto girl]

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.

Correction in bitcoin price would be there but I doubt about 50%. I don't think bitcoin will fall so much but yes correction in price would be surely there

[naglas]

it could go less, but not that much i think.
btw, have anyone heard about my time coin?

[tenkuna]

I think at some pricepoints a ton of capital would go in. Lowest might be $8000-$10000 already. If Bitcoin even will go under $10k ever again. But nobody can know this. Yes it COULD be $5000 again, it could also be $15000 next week...... but it does look like its staying above $10k now.

With the current stuff we can see it never goes back to $ 5000 and maybe it will not dump  under $ 10,000.

[buwaytress]

Bitcoin is the most volatile currency. Due to its limited supply and growing demand its movements cannot predicted nor be controlled. in one month it has it has raised from $7382 to $11587 i.e. almost 57.2%. So, if any currency can show such a rise in such a short period it can fall with the same pace. Continuous buying and continuous selling patters are not good for the health of any currency. Currency traders earns money from the speculation. They buy on every fall and sell on every rise. So correction is necessary. 50% correction in bitcoin will be a great opportunity for its traders/investors.
 

It is absolutely possible and there was already precedent I believe in 2013/14 if I recall correctly. The Chinese govermentt through Bank of China outlawed Bitcoin as a means of payment. At the time, Bitcoin was above $1000 and used by Baidu for a massive amount of transactions. Immediately after the ban, Bitcoin nosedived more than 50%... languishing in the hundreds dollar values for years.

When I entered properly in 2016, the 1000 mark was a huge barrier to break, and break it Bitcoin did eventually in 2017... well the rest is history as we are living it.

Took so long to restore confidence after MtGox, Silk Road, the China ban, but just goes to show how vulnerable Bitcoin was and still is.

[tuniscu]

I would like the bitcoin to return to $ 5000 as this is a value that most people can afford and own.

[Blackfurysm]

it could go less, but not that much i think.
btw, have anyone heard about my time coin?

i heard it's a blockchain that turns time to cryptocurrency

[nexus2k14]

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.

No, if Bitcoin correction will take place it will be much smaller than 50%. If we take John McAfee price predictions into account (he was right about 2017 BTC price) then by 2020 half million dollar price will be impossible to achieve with 50% corrections all time. BTW John McAfee a few days ago changed his statement about Bitcoin price prediction in the 2020 year and now he says it will be 1 million dollars for 1 BTC.

[valta4065]

Hi,

It is hard to say how the correction will happen...
I personnally think that 50% would be too much... I mean, we all know that the volatility of the bitcoin can be an issue but it is also a caracteristic of the crypto-currencies so you cannot just "erase" it. For many people, such volatility is their core business

What I find striking is that, we all say "well now it is very high, it is gonna fall soon" and actually... it does not! 

[mathematical-project]

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.

No, if Bitcoin correction will take place it will be much smaller than 50%. If we take John McAfee price predictions into account (he was right about 2017 BTC price) then by 2020 half million dollar price will be impossible to achieve with 50% corrections all time. BTW John McAfee a few days ago changed his statement about Bitcoin price prediction in the 2020 year and now he says it will be 1 million dollars for 1 BTC.

This person very strongly believes that bitcoin will become too expensive. I believe too. And it seems to me that correction can now occur by 20 percent. Bitcoin is now very strong and everyone supports this coin

[Xester]

That could be possible.  Anyways no one can predict the price of bitcoin.  If the right term for that is correction it is possible because the price of bitcoin is volatile.  It goes up and down without us knowing what would be its next price.  As to its current price right now, it is possible that it will still have a higher price before this year ends.  And by next year hopefully it continue to rise again.

[youghten]

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.

even 50% correction happen bitcoin is so expensive (6,000$ was so expensive at 2017/7).

it’s hard to happen because huge demand.

[TerranceBug]

I honestly do not believe BTC will go lower than -25% of its present value. Not at least in the next year. Maybe I am too optimistic, but I believe it will keep its steep growth.

[Salex90]

If it starts falling people would probably start to buy a lot and make the price go up again before it reaches all the way down to 5k.

[Red-Apple]

anything is possible and with bitcoin drops like that are possible and it has happened to near that amount of drop too in the past. something around 40-42% if i am not mistaken, ignoring the 2013 fake Mt Gox pump.

but the thing is, right now there are a lot of people who would want to buy bitcoin and they are waiting to jump on board. that means if price drops even a little, they will start buying, if it drops more, then more will buy. 40% is usually when everyone is on a buying frenzy.