Is 50% correction on BTC possible?

[darkmatter45]

Due to the fact that the mainstream population is now starting to jump onto the bandwagon, the volatility of Bitcoin is higher than ever. Although the price is continually rising, I do believe a massive correction is on the way. I believe it will come to around the $7000 range, mainly because the mainstream population that is getting involved are not fully informed about the volatility of the market. Now the correction could be ways away.. maybe the price will keep raising until the end of December.. but be on the lookout for a correction. A continual increase is not good for the market anyway..but I just hope that the newer players of the market do not freak out about the fall and stay away from Bitcoin afterwards if/when it happens.

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[Karakyli]

In the last month bitkoyn increased in price by more than 50 percent. This increase in its value is more than unusual. However, for a crypto currency with its large volatility, this seems to be a common occurrence. Since in such a short period bitkoyn increased by more than 50 percent, then with the same success, theoretically, it may fall in price. However, I do not think that in the near future we will be corrected bitcoak as much as 50 percent. Most likely, such a correction will be about 20 - 40 percent. It will happen about the month of February.

[AltcoinAuthority]

I think you should expect around 30% correction when one is occuring.

I think that the price is just going to continue upwards. A lot of people want Bitcoin to be $20,000 per coin.

[John Langut]

Before $10,000 Bitcoin was an oddity, but ever since crossing the $10,000 barrier it seems Bitcoin has opened everybody's eyes about its potential. Maybe $10,000 was also the point after which corrections don't exist anymore. 

[Minnaja]

Yes, now it's possible. The price of bitcoin rose today by 30%. This is very much. I'm already scared to think that the correction will be very cruel. Some investors already record profits and go from bitcoin to dollar

[Domenc]

I have gave up of my speculations now, after the recent surge in price and it clearly makes the statement that anything is possible in Bitcoin. You want 50% correction it may also happen but may take time, how much time ? That is really hard to speculate, but one thing is assured Bitcoin is highly volatile and unsuitability over the couple of months has increased subsequently. People are expecting a bubble burst situation in the coming days and if that happens then it may correct up to 50% pushing value again between 7k-8k USD.

[superjeyy]

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.
 

Yup this is what users should take note off when considering that a correction is bound to happen due to the inappropriate usage of Bitcoin, causing it to fall steeply over time. With its increase in such a fast phase over a short period, people tend to get excited and depend on their emotions when dealing with Bitcoin. The 50% correction or even higher is a big possibility especially now that more people are attracted with this currency. Hopefully, they know how secure Bitcoin is that when a decline is happening, they won't let go that easily.

[speaktome]

I have gave up of my speculations now, after the recent surge in price and it clearly makes the statement that anything is possible in Bitcoin. You want 50% correction it may also happen but may take time, how much time ? That is really hard to speculate, but one thing is assured Bitcoin is highly volatile and unsuitability over the couple of months has increased subsequently. People are expecting a bubble burst situation in the coming days and if that happens then it may correct up to 50% pushing value again between 7k-8k USD.

Maybe,but I do not think that such a big correction can occur,the price has skyrocketed considerably due to several reasons,although on the other hand I must admit that yes,BTC is highly volatile.

[tweetbit]

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 bitcoin has big fluctuations difference it won’t be that huge, the price now is 16800$ per bitcoin and if 50% is possible 8400$ approximately and that won’t happen but that just my opinion. It will hold up to 10000$ as the lowest but that just my opinion. I or anyone can be wrong but it always be subjective to oneself and what have he experienced so far from the movement of bitcoin in his presence.

[mrcash02]

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 bitcoin has big fluctuations difference it won’t be that huge, the price now is 16800$ per bitcoin and if 50% is possible 8400$ approximately and that won’t happen but that just my opinion. It will hold up to 10000$ as the lowest but that just my opinion. I or anyone can be wrong but it always be subjective to oneself and what have he experienced so far from the movement of bitcoin in his presence.

Things are so extreme these days that I don't doubt anymore to see a big increasement in price like that. Usually when the year is ending BTC is rising. When you wrote this post BTC was pricing $16800, now it's back to $17878 again. The price keeps going up although the little dumps, let's see how farther BTC can reach on this nice sequence. I would say everything is possible now, so keep alert. 

[jtipt]

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% would be a stretch IMO, but yes a major price correction is coming. Best case scenario is that 10k will be the floor but it can go lower than that, once people start panic selling they aren't going to stop soon.

[MidKnight]

There will be a correction but I don't see that it is going to happen this year. Christmas is the event where all people are spending a lot of their own money so that is why we still see lot of money that are still coming on the crypto market.

[readygoaw]

The volatility of Bitcoin is a proven fact when it showed a rise of about more than 50% in a month. Correction of 50% may prove beneficial!

Crypto market is a magic world - here everything is possible, even the 50% correction of Bitcoin. However, I hope it will not happen.

[timerland]

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%? I'd say no way in the short run, the markets are way too bullish for that huge of a correction.

But when the inevitable crash does happen then it can easily go under 50% of whatever bitcoin's value is at the peak of the bubble for sure. The 2013 bubble ended with the price troughing as low as 10-20% of its peak value, actually. And even though i don't think BTC will crash as much this time round, i think 50% could still happen.

Most likely thing when the big correction does come is first we go down under $10k. Then, we'll settle at around $8-9k before another adjustment. But we're still a long way from that imo.

[LeGaulois]

A correction is when the price decrease by 10-15%, not more. When the price decrease by 50% it's not a correction but a crash, simple as that.

Now, yes a correction is surely going to happen in the next weeks (considering that finally, the price won't increase any more after losing ~$2,000)
Losing 50% value is also possible, if it happens with other cryptos why not with Bitcoin. However, i don't think it's something that could happen within a year.

[ReLieD]

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.

This was the same when the price of Bitcoin rises from 2k to 5k . People started saying that Bitcoin will not go under 4k now , but the real fact was that Bitcoin was just going to fall below 3k and that was the point when everyone started thinking that Bitcoin is dead. Same is the case now. It's just growing and growing and similar can fall down. So we much be prepared and should take the correct decision at the time of decrease in prices.

[Ayiranorea]

Price correction won't take place to such an extent. This time the price has grown above $18000 and we haven't felt a big price down due to correction. The value seems to be fluctuating around the $15000 -  $16000 margin which might once again show potential growth shortly.