2018 the year of correction?

[joshv06]

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.

[Kakmakr]

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.

Yes, the bubble in 2017 had to be corrected and balanced out for Bitcoiners to make some profits in 2019. Even the stock markets has to go through some correction phase, now and again. I think we have reached the bottom end of the correction phase and we are going to get into a Bull market soon.

I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019. 

[Don Pedro Dinero]

I also agree. Many of us though that bitcoin was going up too fast at the end of last year, now it seems closer to its “fair value” so to speak. I quite like it that it’s been in a flatline for a while. I would obviously prefer that it did go up, because I hold bitcoin but not it seems more like a normal asset and not a bubbly one.

[batang_bitcoin]

That's how it should go and as of now we're not hearing any FUD anymore about bitcoin being a bubble, atleast they kept quite.

Hence we are having a correction period to what the real value should had been? Kindly share your opinion.

You mean price? value and price has different meaning so if its the price $6,000 seems to be perfect at this moment. If the upcoming events would start to push bitcoin price up then $10,000 is possible before this year ends.

[Harrow30]

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.

Seeing the fall of cryptocurrency price of 2028 as correction of the prices is a perspective but I could reason with you in that line only for a while. But I will further disagree because most of the current token prices are really below the normal price being sold. So, conclusively, I don't fully see the price fall as a correction but a passing phase of bearish markets.

[Semaj123]

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 correction made the value to be more stable and this is what we are experiencing and I think it's already done. Still the value doesn't move much and we only have 2 months more before the year end. Many of us are hoping to see  a bullish market this last quarter so let's see if it would happen again in order to at least gain some good amount of profits.

[1Referee]

I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019. 

Bakkt itself won't do much in the short term considering how they are using the OTC market to stock up on coins. It's very likely that they have enough coins already to last them a good number of months.

I think it's more likely to see the market react in a negative manner to Bakkt with how people think it's such a big deal, while its effect on the market won't be felt immediately. Don't get me wrong, on paper Bakkt is a big deal, but there isn't much to be bullish about in the short term with the aforementioned in mind. The other side is that we don't even know if there will be enough demand, because the demand for crypto is known to be very low during bear markets.

Coinbase already took out its index fund due to that. Bakkt in case the demand is there, will affect the market after a couple of years. OTC market -> spot market are different worlds.

[Reid]

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 that makes the panic men be calm again.
But I dont think so.
There might be a dump that happened that we dont really see which took place in an exchange that is not that much monitored or they scattered it.
From 19k USD price of bitcoin, it didnt fall in one blast. It was a  slow process and it got here in our price right now in months.
That is surely a dump. I dont believe in corrections.

[exstasie]

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.

Yeah, that's generally how it works with speculative assets. Speculation outpaces underlying demand, then supply eventually overtakes the market and creates a distribution cycle. Traders often say those who bought into parabolic price action based on hype need to be punished and shaken out of the market. Eventually, the corrective or bear market shakes out most of these "get rich quick" speculators and the price reverts to the mean/original long term trend, which is more closely tied to the true underlying demand for BTC.

[yusupjatigumilar]

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.

Yes, I agree with you that 2018 is a year when almost all crypto currencies undergo massive corrections, this greatly affects the mentality of new investors who have just entered in 2018, this makes them very confused to take the attitude of price movements, they finally sell panic for fear of experiencing a deeper loss, this panic selling action is certainly a trigger for deeper price corrections, I hope the next year will be a year where the price of crypto currency is very potential

[davis196]

Many people think that 2018 is kinda similar to 2014 and 2015 for bitcoin.The only difference is the bitcoin price.I expect that 2019 or 2020 will be the big bullish year for bitcoin,just like 2017 was,but we need some impotant things to happen.China and India have to adopt crypto again and btc futures trading should be banned.

[ylnar123]

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 think it's not only correction to be considered but also the people see profit on their investment already. In other words, when investors see the price soar high last December 2017 they sell their coins and that the reason why the supply is abundant and the price drops.

[BestSSS]

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.

Eternal growth of the price can not be and should not be!. Investing in any assets has never brought such big money as in cryptocurrency, and now what we see is a natural process called correction.
The increase in the price of bitcoin and all altcoins by hundreds of percent is an exaggeration, so I expect a further decline in the price to 4000-4500 dollars. Investors are afraid to come to this market if the price does not fall because the risks are high. And to reduce risks and attract new players it is necessary that the price was even tastier. Only after that we will go up.

[Renal]

Bitcoin this year has experienced a different decline in the past year where bitcoin was above the peak, but in the coming year I am sure bitcoin will definitely rise because bitcoin this year is clearly above the average bitcoin price because it has an impact on several countries banned crypto as a payment error and there were also several crypto advertisements which also closed in promoting crypto.

[davit putra]

Even though this year the price of bitcoin fell down, don't let yourself panic and think bitcoin will not be able to return to a higher price, still believing bitcoin will be able to increase and hold for future profits.

[Rhosadah]

2018 is a year of overall crypto price adjustments, but with regard to bitcoin it stays at $ 6500 so it's likely that there will always be 2019 for all crypto to get a good market, to stabilize their prices.

[Shutup]

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 agree that 2018 is the year of corrections because of many expectations expectations that are frustated.lts really a lesson to us how to manage coins now.As they say experience is the best teacher that will correct my past.

[aoluain]

Most people who have been in this space since at least early last year know
that we have achieved correction at this stage of 2018 and IMO it is a very
healthy place. There are some people who are still suffering from the ATH
back in January and are either calling the current state of crypto a disaster
or are looking for favourable predictions on the next bull run.

[BrewMaster]

there are two different things here to talk about.
bitcoin and the predictions, altcoin and the predictions. i completely expected the altcoin drops to continue this long and i actually expect it to go on for a longer time even after bitcoin price rise eventually begins. it is always like this. when they pump and then dump the altcoins, that dump makes many newbies to either go away entirely or they stop investing in altcoins. in both cases the next pump will take a longer time to start.

bitcoin is a separate thing. i did not expect the bear market to last this long but i am still glad that the "drop" part of the bear market was very short (a couple of months) and it has been over for a long time now. the stability that we had for over 2 months shows the end of that bear market and that is a good sign.

[feehannah]

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.