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Question: What are you doing during this huge correction? (the largest so far this year)  (Voting closed: January 06, 2018, 11:44:29 PM)
I am holding no matter what - 13 (54.2%)
I already sold all my BTC - 3 (12.5%)
I am selling if it goes below 8K - 0 (0%)
I am buying more BTC - 6 (25%)
Other (specify) - 2 (8.3%)
Total Voters: 24

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Author Topic: 2017 Christmas "correction"  (Read 352 times)
ashler (OP)
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December 22, 2017, 11:44:29 PM
 #1

So how are you handling the current market situation?
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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cynical
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December 22, 2017, 11:58:17 PM
 #2

in this current 'christmas sale' i am hodling my portfolio and i am adding to it.
It is yet another opportunity to gather some stock before the prices go up  Grin

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MinerHQ
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December 23, 2017, 12:17:21 AM
 #3

Actually, I'm long time investor so most of my coins are still in profit but this downtrend reduced a lot of my profit so not in a hurry to sell any of my coins. I will hold them for long and if possible buy some more only best coins which I think may go higher later on. Maybe wait for these holidays to finish to see a good recovery in all coin prices.
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December 23, 2017, 02:07:44 AM
 #4

So how are you handling the current market situation?
In current market situation is fluctuating in cryptocurrency. Mainly Bitcoin value is fluctuate it will affected in all the cryptocurrency.
Because I hold my cryptocurrency it is one of the best idea. After 28 December it will change so holding the cryptocurrency. Majority of the traders are affected in this situation. But it will change in January 2018.

 
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Xenrise
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December 23, 2017, 02:15:48 AM
 #5

I am holding my bitcoins. Well, it's a little shame that I could earn profit from that correction. I didn't followed the signal on that 20k USD. If I sell all my bitcoins on that date, I could earn 1200 USD from that.
Rahar02
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December 23, 2017, 03:28:29 AM
 #6

Why is this Christmas correction? It's even not December 25th yet, maybe bitcoin be able to recover two days later, back to $20,000 as the new base level. At current market situation, will make sense for traders to sell at the peak and buy back in the dip but both of it already passed when bitcoin reach $20,000 and fall to $11,000. Hard to predict whether the price will rise or fall in the next few hours, it just happens suddenly without warning. For a layman which just get into bitcoin-world, it's better to hold instead if panic sell.
But, if you are a trader, it's a perfect time to make profits as the market price fluctuate a lot, just make your bet whether to buy or sell.
However, people who can hold bitcoin for months will make more profits more than short-term traders. A different story if you trade altcoins, you know why.
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December 23, 2017, 03:35:48 AM
 #7

So how are you handling the current market situation?
Today, bitcoin is gaining again. This is in my estimation, so I did not sell the bitcoin I got. I think bitcoin will reach $ 20000 in the next few days and it could end in 2017 for $ 25000. All predictions are deviations, but I think it will be the goal of bitcoin to achieve.

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December 23, 2017, 03:53:31 AM
 #8

No problem. It is just a normal correction likes others. you should not too nervous. I dont check the market requently. 2018 is the bight future of crypto

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December 23, 2017, 03:58:27 AM
 #9

It really wasn't that big of a dip. A correction is healthy and it's needed if you want to continue on a normal pace. That being said, there was a lot of newbie FOMO and I think we'll see another wave of that very shortly.
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December 23, 2017, 04:01:41 AM
 #10

Hopefully this is the new support level.
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December 23, 2017, 04:52:32 AM
 #11

So how are you handling the current market situation?
The price has started to recover so I decided to hold and also I think the price will move to $ 17k
Don't dump your coins people selling out of panic would regret later

 

monkeykiss21
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December 23, 2017, 05:41:02 AM
 #12

So how are you handling the current market situation?

Iam actually holding my coins no matter what happened. There's no need to panic coz I know everything is in under control. Sooner or later there's a chance to find me a good things before to move.
lelou
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December 23, 2017, 05:54:54 AM
 #13

Im still holding. If the price drops more, Im going to buy more because in few weeks from now the price will rise again
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December 23, 2017, 06:05:58 AM
 #14

Im still holding. If the price drops more, Im going to buy more because in few weeks from now the price will rise again
This is what I think in this correction that price will soon recover. In this correction I just hold mu btc and wait for the price to rise. Although there are many predictions but this makes me to stand in bitcoin just hold.
ashler (OP)
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December 23, 2017, 11:08:54 AM
 #15

I am waiting a bit more before deciding to buy. If it goes below 8K I will likely do it. It seems to me we are still bearish. Time will tell.

I sold a % of my coins before the dip (my invesment + profits) but left a good portion in my portfolio. I think this Ver thing with Coinbase and Bcash contributed to this mess, but looking at the charts it seems the decline started when  BTC was listed in the futures.
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December 23, 2017, 04:54:02 PM
 #16

well I will hold the coin as much as possible. I mean when the price is high enough I will sell it right then but if bitcoin drops I will keep making the decision to hold. but did not close the possibility to hold it longer if I get good news from bitcoin.
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December 23, 2017, 05:03:26 PM
 #17

Obviously that it was the grand christmas correction, a lot of people thought that it was the end, but those who knows how the market moves are just buying & buying, and that is the only way to earn money in here.
Do you see it now? The ones who bought yesterday are in a huge profit right now.
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December 23, 2017, 05:16:12 PM
 #18

So how are you handling the current market situation?

Its not just a correction, what we have seen is a crash. Billions has been slashed from the marketcap. But as far as handling the situation in the last 2 days, I just remain calm, although it worries me seeing unexpected the price drop unexpectedly, but I'm looking at it long term. History tells us, that this crash is also part of the ecosystem, but the hardest part though is that we don't know when its gonna happen and how hard is the fall. But then again, no need to panic, actually I did bought at this dip, and I'm happy I made the right decision. And then BOOM!!! bitcoin price is now on green, and has recovered 20% already. So HOLD and buy is the best way to handle this kind of situations.

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December 23, 2017, 05:18:18 PM
 #19

I'm using mine to buy what I need/want. holding as I see fit.
It isn't an investment to me but an asset to be used as warranted.

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December 23, 2017, 05:22:46 PM
 #20

correction is more important for coming 2018.happy new year to all of u you
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