how much more time for correction ?

[Nrcewker]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

[dothebeats]

There are no definite time-frames for the crashes and surges in the bitcoin market. All that you can see posted in several trading sites/groups are mere guesses based on TA and historical price movements. As of now, the overall market sentiment is still pretty bearish, and I don't think it will be negated any time soon as there aren't any incentive for the price to push upwards. IMO, we haven't even bottomed out yet, and there is still a huge possibility for the price to tank even further before it finally settles and starts a push, hopefully within the next month.

[Nrcewker]

what kind of this correction ? and who is doing that ?

[avikz]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

No one can tell you any definite reason when the price of bitcoin will recover because no one is sure why the price is going down. If we know the reason, we can do some definite calculation. But that's not the case here.

However, if you want to invest in bitcoin but not sure what would be the right time, I will suggest you to take the SIP route. It is a real world investment technique which average out the buying price of an asset and lowers the risk. Try buying a certain amount of bitcoin at a certain interval. For example, buy some bitcoins at 5th of every month at various price points. It will average out your buying price and you will have higher profitability when the market goes up.

This SIP method is practised in all stock markets around the world keep portfolio risk at lowest possible level.

[richminded]

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

[Rexler]

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

The way I'm seeing it, It'll dump even more. The Crypto market witnessed a really great uptrend with almost every cryptocurrency hitting a new all time high record. So we should see the downtrend staying a bit longer since It's just starting

[Dissident991]

I think it is not typical correction, seems more like manipulation and targeted dump. Bitcoin and almost all altcoins dropped in price by more than 50% in just two weeks.

[Visin]

what kind of this correction ? and who is doing that ?

A big corrections happening now, FUD, whales and weak people cause this thing. We cant tell yet if its already dip but I'm still confident that bitcoin and altcoins can bounce back its just a matter of time to say, lets see what will happen right after the chinese new year hopefully something good will happen.

The way I'm seeing it, It'll dump even more. The Crypto market witnessed a really great uptrend with almost every cryptocurrency hitting a new all time high record. So we should see the downtrend staying a bit longer since It's just starting

It looks like it will dump more. That doesn't mean that Bitcoin is over or it will go to a dollar per coin. Just keep purchasing and wait for the price to get over $9,000 again.

[Yo_Seats]

It isn't realistic to expect any asset to appreciate 600% ($6,000 to $35,000) in a couple of months.  That's not investing, that's gambling.  BTC might go down, might go up, it's a supply and demand question which is controlled by alternative investment choices.  What seems like a better plan:  T-Bills at 2.72% annual interest with zero capital risk, or BTC with no interest component, and massive swings in value?  Remember, BTC was 1/4 it's current price just a few months ago.  People who bought then are still +400%. 

[Shishir99]

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

[iwishicouldfly]

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it?  Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks.  This could easily, easily go below 7k and if that level of support breaks who knows where we will stop. 

[Coins_Hiro]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

No one can predict the value of Bitcoin. Based on my Blockfolio app, it even went down to $7,900 yesterday and I didn't even noticed. There were speculations that it will go down to $6k but if I were to buy BTC, that best time would be now as you can't say that it will go down any minute and rise up without you knowing but atleast you've secured your position at $8k because for me below $10k is good enough to buy BTC.

I really find it funny sometimes that these value could go down in a blink of an eye and could rise up in a blink of an eye also and you'll be left behind if you didn't make time to make a move.

[hisuka]

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it?  Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks.  This could easily, easily go below 7k and if that level of support breaks who knows where we will stop. 

Bitcoin has already been dropping so fast we couldnt say when it will stop for the big correction. Possible for now it will hit below 7k because of more fuds that happening.  But, to answer their is no accurate answer for this when would be more time at this current rate. It is better to buy atleast any amount to invest we will not know the market volatility.

[ralle14]

I think correction is not over yet.
Bitcoin may touch 7600$ region which is great support level.
Then we will see a bounce and bitcoin will surpass it's all time high.Altcoin will follow bitcoin as well.

Did you miss it?  Bitcoin already hit 7.500 USD on gdax and went under on other exchanges, check out the candle wicks.  This could easily, easily go below 7k and if that level of support breaks who knows where we will stop.  

Lowest bitcoin price I saw was $7,900 which was several hours ago but immediately recovered to $8,000+. You're right we could still see bitcoin continue to go down to the $7,000 mark we just don't know when and how long this correction would last.

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

I suggest you to wait a little longer before buying bitcoins because the downward trend of the price is not stopping. The current news about bitcoin is affecting the price and the people involved are from the government they're the ones you could say "correcting bitcoin".

[alyssa85]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

Nobody knows - it's impossible to time these things.

If you are buying, it's best to dollar cost average. Instead of buying in one lump sum hoping to time the bottom, buy a little every week. Even if the price goes down from where it, you won't be locked into the current price, you'll be averaging your buys downwards.

[Bolt Brownie]

If you want to buy bitcoin for the long run, and since it's current price is currently around $8k, then I would say there is no need to wait for the "perfect bottom". You should just start buying now, and keep scaling your entries. Let's say you have $10k to spend. You buy $5k at current price, then you keep buying $1k stakes as the price goes down or something like that. If it starts increasing, then you can scale the way up on the resistance levels.

You will not get the best price, but you will get a good average price. If you want to day trade, you can't do that, but if you want to hold, then it's a good strategy.

[Nrcewker]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

Nobody knows - it's impossible to time these things.

If you are buying, it's best to dollar cost average. Instead of buying in one lump sum hoping to time the bottom, buy a little every week. Even if the price goes down from where it, you won't be locked into the current price, you'll be averaging your buys downwards.

Great idea i invested some money in real estate properly about 11000$ now this property value is about 35000$ to 45000$ . this sometime like extra money i was thinking to buy bitcoins and hold for next 2 or 3 years more . should i do it ?

[integrap]

Nobody can know when correction will end. But we can predict that we need at least 1 or 2 months to go up again. If bitcoin hits 15k level again we can see new ATH in a short time. Market needs stability but it is still volatile.

[Jating]

Hello

anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ?

what you suggest me ?

and who is correcting bitcoin i see many peoples loss their money in panic

Your questions can't be answered because no one can really predict the price movement. There are some TA that can help you out, but even it can't pinpoint the exact path. We need to wait and observe how the market moves and react to it.

If you see that the price is going down in the next couple of days then you should buy more and stock up your wallet because the chance bitcoin hitting another all time high after this crash is very possible.

Yes, you don' need to sell specially at this moment. No need to panic. Just hold and buy more if you have the funds.

[Nrcewker]

Nobody can know when correction will end. But we can predict that we need at least 1 or 2 months to go up again. If bitcoin hits 15k level again we can see new ATH in a short time. Market needs stability but it is still volatile.

i was also thinking same