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Author Topic: 2018 the year of correction?  (Read 18112 times)
taiwww
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October 28, 2018, 03:10:01 PM
 #21

What is bad year? There is no such thing like bad year because what happens with the crypto currencies is the output of surrounding nature where the investors matters, government decisions matters and much more things. This year things are odd because major decisions are being taken on the matter of ETF by SEC and the increased SEC involvement into the Cypriot currencies is actual thing making people uncomfortable to make the investment into it. May be this is why it is taking longer than usual for the crypto to overcome the current situation. This is just my opinion about it because there is no other thing which is as big as this one.
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October 28, 2018, 03:11:16 PM
 #22

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

Almost everybody is predicting that this year will be starting a bull run again, and that is why big manipulators doesn't want you people to be with that so they will try to make you wait until everybody losses hope and get out of the market.
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October 28, 2018, 03:13:52 PM
 #23

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

We still lucky because bitcoin prise not too low but it is quite stable now. Time will come,maybe next year bitcoins value will be more higher than last 2017. Let's just wait and see. Only time will tell if what will be happen to bitcoin and cryptocurrencies.
i think that to bounce as high as possible it can happen, given its bright future. but indeed during 2018 a deep correction occurred, and finally touched 61% on Fibonacci

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October 28, 2018, 05:15:17 PM
 #24

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

Almost everybody is predicting that this year will be starting a bull run again, and that is why big manipulators doesn't want you people to be with that so they will try to make you wait until everybody losses hope and get out of the market.

Don't ever look at what other people are saying. When most people were saying that Bitcoin won't go below 10000 USD it went. When they were saying that the bottom at 6000 was reached we went lower to 5800. When they were saying in August that Bitcoin is rallying again and the bear market is over it went down a day later.
A year of correction is not something new or uncommon. 2 years of correction like 2014 and 15 would ba a bad thing.
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October 28, 2018, 06:32:22 PM
 #25

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019.  Wink
I agree that it is fair that the market faced a huge correction, but it's been a really long time now with no real perspective of things changing for better. As for Bakkt, I don't know, it looks like another proposal that will get rejected. And from what I read Bakkt is just about some other bitcoin futures, and futures are not very healthy for btc, since they tend to ignore the real price and completely manipulate it by agreeing on things in advance. This can be confusing for people who will try to trade btc for the first time. And besides, SEC rejections do make sense, because bitcoin is not any kind of stock (security).

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October 28, 2018, 06:37:25 PM
 #26

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019.  Wink
I agree that it is fair that the market faced a huge correction, but it's been a really long time now with no real perspective of things changing for better. As for Bakkt, I don't know, it looks like another proposal that will get rejected. And from what I read Bakkt is just about some other bitcoin futures, and futures are not very healthy for btc, since they tend to ignore the real price and completely manipulate it by agreeing on things in advance. This can be confusing for people who will try to trade btc for the first time. And besides, SEC rejections do make sense, because bitcoin is not any kind of stock (security).

BAKKT is being operated with REAL bitcoin’s people say this makes it different. I don’t know, we’ll have to wait & see.

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October 28, 2018, 06:39:05 PM
 #27

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Well, the mathematical and historical forecast has not yet come, it indicates the year 2020.At the moment we are in a zone of consolidation.Excellent price level +-6000.If we still hold on for about a month at this level, then it will become too strong.The time of movement at this level is unknown, but the longer it goes the stronger the growth.
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October 28, 2018, 09:53:18 PM
 #28

Overe valuation of  token  in 2017 is what lead into the long  period  of correction in 2018, the future  is sure positive for the cryptocurrency platform , now is the time to keep investing as we are sure to experience the bull run in 2019, strategic investment is what will lead to an overall success in the bull period.
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October 28, 2018, 10:11:46 PM
 #29

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
The market can grow constantly, the falling in this year is natural process without which new cicle with new bull run can't happen. Only sad that a lot of people bought on the high because hype and lost their money, most of them are usual people that believed in crypto.
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October 28, 2018, 11:14:30 PM
 #30

It is very obvious that 2018 is the year of price correction for cryptocurrency because of an over bought and too much hype last year where even technical analyst was also surprised and always reminding us that this is to be expected. Even stock market experience huge losses this year so it will also be applied to cryptoccurency. This is for a healthy correction and we just have to be patient instead of crying or turning our backs to cryptocurrency.

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October 29, 2018, 04:00:21 AM
 #31

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.



If you analysis the price fluctuations of bitcoin in this year . It's seems to be the 2018 is the corrected process as compared to the last year .But the small fluctuations happened every month of this year.We will hope , atleast a new changes will occur in this year and it will forward with the next year. Hope we have positive movement in the upcoming year.

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October 29, 2018, 04:05:22 AM
 #32

This is very reasonable if the price of bitcoin experiences price corrections this year due to the condition of the price of bitcoin in 2017 yesterday prices soared so high and currently the price of bitcoin falls when in 2018, but I am sure that in 2019 the price of bitcoin will up again, because the cryptocurrency price will experience an up and down movement, so you must be able to use the situation as best as possible to get a lot of profits.
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October 29, 2018, 04:22:47 AM
 #33

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Rightly put. I don't think anyone saw this dip getting to this point and day. It has surpassed predictions by months and we actually don't know what next. To be candid, I don't even look at how battered bitcoin has become. I just wish other cryptos can just push up, even if bitcoin doesn't. Look at the CMC now. All the cryptos getting listed daily there don't even get up to $1 value. Most of them are in tenth of cents or cents. It's a sad one.

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October 29, 2018, 04:27:33 AM
 #34

This is indeed a bad year for crypto currency and digital assets cause even a major investor pulled off in a cryto project in the last minute that's why the price surge to 20000 dollars but quickly plunged. But even so bitcoin has positive news like canada and Australia accepting it as payment. Goldman sach invested in crypto currency. Maybe crypto's are preparing for a big bullish run.

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October 29, 2018, 05:02:56 AM
 #35

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

Almost everybody is predicting that this year will be starting a bull run again, and that is why big manipulators doesn't want you people to be with that so they will try to make you wait until everybody losses hope and get out of the market.

Don't ever look at what other people are saying. When most people were saying that Bitcoin won't go below 10000 USD it went. When they were saying that the bottom at 6000 was reached we went lower to 5800. When they were saying in August that Bitcoin is rallying again and the bear market is over it went down a day later.
A year of correction is not something new or uncommon. 2 years of correction like 2014 and 15 would ba a bad thing.
people only make predictions and speculations, while what happens in the market is in accordance with the real conditions on demand and supply. You don't have to believe completely with the speculation of a lot of people outside, believing in your own calculations is better, I just hope this year there is at least a recover that can lift the price of bitcoin back to $10k, this is not a prediction, this is hope
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October 29, 2018, 05:16:35 AM
 #36

As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

We still lucky because bitcoin prise not too low but it is quite stable now. Time will come,maybe next year bitcoins value will be more higher than last 2017. Let's just wait and see. Only time will tell if what will be happen to bitcoin and cryptocurrencies.

   2018 the year of correction of the market? It maybe interpreted as such, but one should remember the nature of the market, it is unpredictable, no one knows what to expect during the trading market, it the volume of investment that really matters which sometime served as indicators for market price value of such coin to goes up or goes down. Volatility of the market is another thing to consider, we still have two months to wait for our final market status....
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October 29, 2018, 05:23:23 AM
 #37

This is very reasonable if the price of bitcoin experiences price corrections this year due to the condition of the price of bitcoin in 2017 yesterday prices soared so high and currently the price of bitcoin falls when in 2018, but I am sure that in 2019 the price of bitcoin will up again, because the cryptocurrency price will experience an up and down movement, so you must be able to use the situation as best as possible to get a lot of profits.
If we look at the experience of the previous few years where prices Bitcoin always increase dramatically 4 years once, if in the year 2017 priced Bitcoin has increased very hard, then 4 years later will back increase dramatically again, so I think It will happen in the year 2021.
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October 29, 2018, 05:25:48 AM
 #38

beside the prices up and down it is important to us that we should be clear that 2018 is the year of bringing back bitcoin to it's actual price like now the price is $6,404 and it is true that price fall is not a problem but with this the market recover and in this whole year the price is corrected and if we just say that price rise is good where we will go.

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Idrisu
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October 29, 2018, 06:23:32 AM
 #39

Seriously I agree with you and 2018 is actually the year of correction and it is very important we should know that.  For the traders now provide us with another opportunity to buy and hold for long term.  I believe if you can buy bitcoin now you are going to make good profits in years to come.
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October 29, 2018, 06:44:48 AM
 #40

True that. I mean BTC it self pumped up toalmost 20,000 USD now we are suffering from that enormouse spike with a year long price correction. In hindsight, i think the price adjustment or correction is over soon. In the mean time, i myself just by Bitcoins and Ethereum left and right. Who knows when the bull market starts right?

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