Cryptocurrency market to suffer from strong correction

[RippleSpaset]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

Enough!!!already tired of listening to it!!Every year,year after year, all buried.Guys hamsters are buried,the ones that are from the rumors poured in the negative and run away.Don't be!Think with your head, analyze past years, look at the statistics you will be surprised))

[Golftech]

I do not believe there is a deep correction within the 12 months. The deep that cryptocurrency went through just recently that lasted about 4 months has taken its bit on the market and for me, I'm not expecting any for now till like 5 years if it can come that close.

It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market. My advice to you

buy and hold, that's the best way to do when you are inside this market, red days should be an opportunity instead of selling out to panic, better to invest more and hold, time will let this correction to finish after that good sign of bounce back will happen, traders who have a lots of experience look at it as a good edge to keep buying and wait for the good time to sell with decent profits that they will gain, better to be more familiarized with this market and be confident enough to wait for it to be finished.

[senne]

Cryptocurrency has already a strong strong correction by coming down from 20k USD to nearly 7-8k USD. I know bitcoin is currently near $6,700 but this is just a short phase and market will regain its value easily in the coming days. Bitcoin tends to remain stable near 7-8k USD after every crash, hence people can invest if Bitcoin falls below this point as they easily attain 10-12% profit when Bitcoin falls below the correction value mark. 

[jonland22]

Cryptocurrency has already a strong strong correction by coming down from 20k USD to nearly 7-8k USD. I know bitcoin is currently near $6,700 but this is just a short phase and market will regain its value easily in the coming days. Bitcoin tends to remain stable near 7-8k USD after every crash, hence people can invest if Bitcoin falls below this point as they easily attain 10-12% profit when Bitcoin falls below the correction value mark. 

I hope you are right or else we are doomed 
just kidding 
I believe this is a normal cycle for a bearish market, actually right now is an easy profit, buying right now and wait for a few weeks the market will become greenish again. This is happening in the past few months, i wonder why people are still not resistant to it 

[Hannahanto]

Sure cryptocurrency market to suffer from strong correction. Already there are so many corrections done. But still the market cannot recover, again the price goes very low. All are expecting june starts the price will increase, but oppositely the price goes down. Dont know when the market will recover again. Maybe this is the last dump in this year. Again strong correction is going on bitcoin price. Sure the price will increase in future and change the revolution in bitcoin price.

[shanyuan01]

definitely sounds like FUD but we will see!

[Mahanton]

I do not believe there is a deep correction within the 12 months. The deep that cryptocurrency went through just recently that lasted about 4 months has taken its bit on the market and for me, I'm not expecting any for now till like 5 years if it can come that close.

It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market. My advice to you

buy and hold, that's the best way to do when you are inside this market, red days should be an opportunity instead of selling out to panic, better to invest more and hold, time will let this correction to finish after that good sign of bounce back will happen, traders who have a lots of experience look at it as a good edge to keep buying and wait for the good time to sell with decent profits that they will gain, better to be more familiarized with this market and be confident enough to wait for it to be finished.

If youve been here for a while then for sure you are already familiarized on how market moves which is definitely different from traditional trading firms like forex and stocks but for those who just recently jumped in then rest assured they would really feel the anxiety and the doubts on what they are into or do involved themselves to this volatile market. Price correction are normal but as an investor you cant do anything about it but to utilize any movement to make profits from it. I dont really believe easily on any speculations though.

[gr3y]

Agree with above^^^ Don't believe the HYPE.

[bitbunnny]

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

[TheWhiteCompany]

Vis a Vis your earlier comments, what are you feelings now that the 7th of May has come and gone and what trends do you happen to see coming out of what is happening now?

[TheWhiteCompany]

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

[TheWhiteCompany]

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

And I often wonder if it is a chicken to an egg situation... any thoughts?

[kenziefried]

Sure cryptocurrency market to suffer from strong correction. Already there are so many corrections done. But still the market cannot recover, again the price goes very low. All are expecting june starts the price will increase, but oppositely the price goes down. Dont know when the market will recover again. Maybe this is the last dump in this year. Again strong correction is going on bitcoin price. Sure the price will increase in future and change the revolution in bitcoin price.

The rise and fall in the market value of different crypto coins is something which will remain there and that no one out of us can finish it off completely. It is because of the volatile nature of the crypto coins and that because of which, the market price of the coins keeps on changing. The only thing which we as an investor need to do is that we must be sure that we are making the right choice at such times.

[South Park]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

We have been in the middle of a correction for a very long time however I do not believe this will happen, I really think we already saw the worst part of the crash, the price may go even lower but not by much, however I agree that in the future most of the existing coins will disappear and only a few will remain but those that remain will become incredibly valuable.

[hastang]

this thread is happening now, market is really down... in the past weeks my investment was loss over 60% in capital.. i hope correction will stop and all coin will now grow - up.. there are so many people now panicking because of the downturn of almost all coin but they say thus is just a normal situation and the market will recover soon.
i hope in the coming months as we enter the midyear there will be more investor to come-in specially in the last quarter of the year which expected to double or triple the prrice of all coin.

[TheGreatPython]

This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.

And I often wonder if it is a chicken to an egg situation... any thoughts?

Bitcoin has already corrected and the price is now in normal situation. People thank that bitcoin is not increasing but I think that they are addicted of big pump in the price like the previous one and now they want growth every time. I feel nothing when the price collapsed from $20k to $6k because I knew that this growth was a bubble and when this bubble blown in the air the price will fall to its original position.

[Sengoko]

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

[sana54210]

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

If the price of the bitcoin is very low then the investors needs to hold on that is the way to make the value increasing so make a little patience and wait sometimes then it will be normal soon.

Not just hold, seeing a strong correction right now, will just make me to buy more and the lower it gets, the more I buy as long as there is nothing that is fundamentally driving it down that one needs to be worried about.

This is just the same thing I always do when the value just keeps going up without any real usefulness or demand, except greed. There is a lot of potential in the future and only those who know what they are in for will always be the ones there to get the best at the end.

[thanhhm194]

This is a good price point of all copper coin.

[xIIImaL]

"It is important not to fall into a panic and wait until the market comes out of correction. Then enjoy the profit when the market is green. Buy coins in parts on the fallen market."
I like this advice, and forgive me if this is not the standard formatting for commenting on a quote of someone else in a thread. Do let me know if there is a better, more respectful way of doing this.

Yeah it is right that cryptocurrency is in bad times and there are many corrections on daily basis especially in bitcoin. The price of bitcoin didn’t increase for some months and the investors are going to convert their money to Altcoin or withdrawing their investment. I think it is for the time being and the future is very bright of all cryptocurrency.

Who said to you bitcoin will not increase for some months I hope you have wrong understanding about the marketplace value mate. If you want to invest on any coin do that right now. I am damn sure you will be feel in couple weeks mate.
I strongly believe that bitcoin will be do its ramp walk again in the price history. I really expecting the market trend to reach the 10k USD in this month itself and after some months we will be find the good price again.