preshpr1nce (OP)
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February 01, 2018, 12:56:31 PM |
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Ok, so for me as a huge blockchain enthusiast, nothing annoys me more than seeing all this FUD from new members or traders. I've tried to demonstrate through a simple ms paint picture, taking an example of another correction to explain.  Now as we can see, between Nov 20 2016 and Jan 05 2017, we had a 62% increase in about 3 and a bit weeks, to a lot of investors this is worth cashing out over, great returns! The value then dropped around 34% from $1170 to $767 on the 12th of Jan 17, it then took till the 22nd of Feb to return to this value of $1170, around 5 weeks! this is the period where panicked people continue to sell due to the dip. Now from the $767 price at the dip in Jan, it took around 3 months to hit a new high around $1250 with around 62% increase, this is more sustainable than the earlier rise of 61% in 3 weeks.. so what do we see? of course another correction but a much shorter one, why? the period of growth was slower, more sustained so the incentive to cash out is lower compared to 61% in 3 weeks. Now if we look what has happened recently, Bitcoin went from $6000 in mid November 2017 to $18,000 in mid December 2017, this is a 200% increase in 1 month! So what happens? once again people see a chance for a huge profit and cash out. Now $18,000 to $10,000 is a 44% drop, after 200% in 1 month is this really surprising? not at all.. Based on what we've seen, the recent jump will cause a larger than normal correction, this is what we're seeing now. I can't tell you how long this correction will last but my gut says it'll go a bit longer, am I in a panic? no way, everything's on sale! I hope this brings a bit of calm to some, I've used BTC as an example but the same concept applies to all coins and the entire market value. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Doctor.Strange
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Go Big or Go Home
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February 01, 2018, 01:20:53 PM |
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So you meant to say next jump will be $25k
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preshpr1nce (OP)
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February 01, 2018, 01:31:03 PM |
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So you meant to say next jump will be $25k
Hard to say, the idea of this was to explain why things are still sound and stable, rather than to predict the next jump. No reason why we can't see it hit $25k in the next 2-3 months though, but I think we could go to $8000 first, to sell under this price you're either a long term holder who's giving up at a bad time, or just a panicked person, just an opinion, not fact. |
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superving
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February 01, 2018, 01:38:52 PM |
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So you meant to say next jump will be $25k
I also have a strong feeling that bitcoin will reach $25k price, maybe next two months we will see the price starting to go up again heading $25k as what some people predicted. |
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disconnectme
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February 01, 2018, 02:34:41 PM |
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I think this is just a cycle of FOMO and FUD, most people buy into these coins when the FOMO set in and start selling when the level of FUD is high, like the way it is now, when they said the patient dog eat the fattest bone, I was tell one of my friends not to buy BTC when it was going towards $20k, and wait for under $10k to buy, today it is below $10k, one need to master the space with to me is a combinations science and art to make it big in the space
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Zepp74
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February 01, 2018, 02:53:51 PM |
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If you believe the future is crypto and that everything will recover then its a heck of a time to buy  |
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AlexaSonda
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February 01, 2018, 03:02:43 PM |
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if we look at history graph then it is correct. many people are panicked and affected by other bad news, which makes them sell quickly all of their assets. I think btc will reach $8k and that is the lowest price in this year.
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zombies
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February 01, 2018, 03:05:58 PM |
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Will you compensate the people if they lose everything what they have invested by holding the wothless crypto by your useless suggestion?
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preshpr1nce (OP)
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February 01, 2018, 03:13:13 PM |
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Will you compensate the people if they lose everything what they have invested by holding the wothless crypto by your useless suggestion?
Says the guy telling every one to sell at a low? ok mate... you can't provide any info other than your India fud, India makes up under 5% of the crypto world, the likes of China and SK bringing out similar news had no impact, these are 2 countries on the other hand who make up a far larger chunk than 5%. Your logic is terrible, also is it normal human behaviour to offer help in such a manner that you are? doesn't seem like help to me, more a FUD to drive down price for your own gains, no helpful person would open a thread going HODL HODL HODL ROLF ROFL ROFL. You're either attempting to scare a bunch of noobs, thinking it'll have impact= logic fail Or you're just a narcissistic clown with poor logic. Either way, keep this in the 3 threads you've already opened today on the same topic. Thanks bud |
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lokinator
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February 01, 2018, 03:17:09 PM |
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Will you compensate the people if they lose everything what they have invested by holding the wothless crypto by your useless suggestion?
Just ignore zombies ... Look at his post history. Literally all he does is FUD. Clearly he lost a lot of money after he made bad decisions and now he prays for the utter destruction of the crypto world, just so he can personally feel better about his misfortune. To the OP -- Thank you for your well thought our post and explanation. |
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crown_translator
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February 01, 2018, 03:23:31 PM |
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thank you for these explanations!!
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bigcash2011
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February 01, 2018, 04:09:56 PM |
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I agree with the thread poster, it is normal market cycle and no need to panic, i can feel how people that bought the peak in last bull market will be feeling right now, but it is just a game of nerves, market will be back so do not sell in big loss now.
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berrygood
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February 01, 2018, 04:33:31 PM |
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So you meant to say next jump will be $25k
Hard to say, the idea of this was to explain why things are still sound and stable, rather than to predict the next jump. No reason why we can't see it hit $25k in the next 2-3 months though, but I think we could go to $8000 first, to sell under this price you're either a long term holder who's giving up at a bad time, or just a panicked person, just an opinion, not fact. I don't agree, this idea is mostly owned by newbies, but old people still better off even btc falls to $6k. I think btc will stay at 6K-12K level till end of 2018 |
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crown_translator
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February 01, 2018, 06:22:58 PM |
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I agree with the thread poster, it is normal market cycle and no need to panic, i can feel how people that bought the peak in last bull market will be feeling right now, but it is just a game of nerves, market will be back so do not sell in big loss now.
I feel more comfotable now |
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Fileiro
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quarkchain.io
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February 01, 2018, 06:35:22 PM |
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Thank you for the great illustration! The 20 month exponential moving average for BTC/USD sits at 5000 and some loose change. I would not consider this as anything more than a much needed correction until we have a MONTHLY close under 5000. The whales are shaking the tree branches good these days and a lot of easy bitcoins are falling straight into their bags!  I'm liquidating a core position in stocks to get more crypto exposure during this fire sale. |
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Idrisu
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February 01, 2018, 06:54:44 PM |
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Corrections in price of stocks, securities, forex and cryptocurrencies provide the best time for one to buy and during those accumulated time should be seeing as the time traders are taking profit from the recent upward movement.
Bitcoin as at the moment provide this best examples and to me we should not see this time as a clash or dieing of bitcoin but we should see it that long-term investors are taking profits from the last year trading.
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crown_translator
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February 01, 2018, 07:02:45 PM |
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so time to buy more?
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Nrcewker
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Building my own Dreams!
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February 01, 2018, 07:08:11 PM |
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so time to buy more?
exactly and hold them for apporx 6/9 months more it will be huge profit . you will be really happy this down fall is temporary you can see history. its giving you another chance to invest if you missed in 2011 / 2013 / or 2017 |
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Freddoe
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https://eloncity.io/
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February 01, 2018, 07:11:20 PM |
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Thank you for taking the time to wright this and give a bit of optimizem back to the world in these fudding days.
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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February 01, 2018, 07:13:40 PM |
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Generally, I think speculation both ways are only natural, but I think I really was surprised by just how many people are rushing to call this bloodbath and crashes. Then I remember that there are just so many newcomers in the last six months that this is really their first experience of a correction lasting weeks. So we can forgive their panic. What's annoying is the new accounts saying "I told you so". I suppose there'll also be new accounts later this year saying "I called the 2xk high!".
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