Altcoins Bleed More Than 2014 Correction: Is The Reversal Coming?

[shendy]

If this history is repeated, then we will be able to read the situation so that we are able to overcome difficulties. For this, we can learn and continue to get better with good opportunities, of course.

[liuqi]

If cycle repeats itself then we must better get ready for something good in the next coming months! I also hope the crypto charts does the same as the stock market charts!

All are ready to upcoming hype but we should not predict when it will going to moon. So crypto is never compare to stock market because stock investment is totally differ from crypto investment. All the peoples are expecting a good profit in short term so they are all buying more cryptocurrency. But reality market is continuously bleeding so we just accept the current situation then only going to moon and stock market is never equal to crypto market.

[Danimore]

Yes, they do because there are too many altcoins born in this period so it's time to cleanse altcoins to find out some good altcoins .
There will be many altcoins dead but some altcoins will go up into the sky . The problem is that we must choose the right altcoins to get the big profits.

[kjn311]

As shown in the comparison below, it's worth paying attention to the accelerated bloodshed in the altcoin market at the moment that has reached 86% this year so far. Compared to the 82% correction in the altcoin market that lasted for 9 months in 2014, the charts suggest the altcoin market could now be oversold as Bitcoin corrects further.



There are numerous arguments to suggest the Bitcoin and Altcoin corrections will sink the cryptocurrency market further, due to Bitcoin's low dominance in 2018 as well as the overvalued ICO and altcoin maket, as opposed to BTC's near monopoly in 2014.



This is a legitimate argument for why altcoins will continue correcting aggressively, as Bitcoin continues a correction towards $4 to complete an 80% reduction in value (currently this is at 70%). This would be similar to the correction of 2014, in order for the Crypto Market to lose over 80% of it's 2018 value (currently the market has lost 78%)

It's however worth noting the oversold Altcoin market began a strong recovery on August 19th 2014 after 9 months of correction, whereas Bitcoin and therefore the overall Crypto Market took until January 2015, totaling 14 months, an additional 5 months.



The altcoin market notably followed with a 68% correction from the 2014 highs until May 2015, while Bitcoin traded predominantly sideaways, gaining more dominance. However, the altcoin bears notably failed to make a lower low that year.



As relevantly, the altcoin market started it's 4 month bull-run initially gaining over 250% from August 19th 2014 to December 23rd 2014, while the pack leader fell another 30% from $475 to $334 before finding support at $200 in January 2015 to complete it's 80% correction.

https://steemit.com/bitcoin/@dragononcrypto/altcoins-bleed-more-than-2014-correction-is-the-reversal-coming

I do not think that the graphs of the past years will really help us to understand the current situation and give any explanation. Most likely everything will happen again unexpectedly because now the market is in such an incomprehensible and unexpected limbo

[mahilchii]

If this history is repeated, then we will be able to read the situation so that we are able to overcome difficulties. For this, we can learn and continue to get better with good opportunities, of course.

Obviously if this happens again then it will be a miracle the market is very down these days. Yes I now realised how to overcome in tough situation like this. We need to invest and hodl for a good return.

[Anicasalar]

As shown in the comparison below, it's worth paying attention to the accelerated bloodshed in the altcoin market at the moment that has reached 86% this year so far. Compared to the 82% correction in the altcoin market that lasted for 9 months in 2014, the charts suggest the altcoin market could now be oversold as Bitcoin corrects further.



There are numerous arguments to suggest the Bitcoin and Altcoin corrections will sink the cryptocurrency market further, due to Bitcoin's low dominance in 2018 as well as the overvalued ICO and altcoin maket, as opposed to BTC's near monopoly in 2014.



This is a legitimate argument for why altcoins will continue correcting aggressively, as Bitcoin continues a correction towards $4 to complete an 80% reduction in value (currently this is at 70%). This would be similar to the correction of 2014, in order for the Crypto Market to lose over 80% of it's 2018 value (currently the market has lost 78%)

It's however worth noting the oversold Altcoin market began a strong recovery on August 19th 2014 after 9 months of correction, whereas Bitcoin and therefore the overall Crypto Market took until January 2015, totaling 14 months, an additional 5 months.



The altcoin market notably followed with a 68% correction from the 2014 highs until May 2015, while Bitcoin traded predominantly sideaways, gaining more dominance. However, the altcoin bears notably failed to make a lower low that year.



As relevantly, the altcoin market started it's 4 month bull-run initially gaining over 250% from August 19th 2014 to December 23rd 2014, while the pack leader fell another 30% from $475 to $334 before finding support at $200 in January 2015 to complete it's 80% correction.

https://steemit.com/bitcoin/@dragononcrypto/altcoins-bleed-more-than-2014-correction-is-the-reversal-coming

Analysis of past years will help to understand the system of cryptocurrency. But now everything is too unpredictable and I think that at the present time there would be no point to dig into this. Now everything is completely different from before