2018 the year of correction?

[onrise]

The question is, what happens when a coin skyrockets to a price satisfactory to every investor? Definitely, more than 90% of the investors will begin to withdraw in order to make profit. This is one of the factors that has caused the drop in price of Bitcoin. It is called the correction period and until the investors reduce the withdrawal and reach a stage where another set of investments are made which surpasses the withdrawal, the bear market will continue.

2018 is a bitcoin correction year,  bitcoin prices may be formed in the range of 4000 to 6000 USD for each BTC. It takes time to prove,  the price of bitcoin is not too expensive but high fluctuations are more attractive to bitcoin users, especially those with little capital.

It has being correcting a lot in last couple of months and just creating more panic among the trader int he market. Thus people who cannot hold have started to sell and thus market is taking more dip. On other hand it is also the best time for big whales who might enter now and buy in bulk at such prices and make quick gains.

[Betwrong]

The question is, what happens when a coin skyrockets to a price satisfactory to every investor? Definitely, more than 90% of the investors will begin to withdraw in order to make profit. This is one of the factors that has caused the drop in price of Bitcoin. It is called the correction period and until the investors reduce the withdrawal and reach a stage where another set of investments are made which surpasses the withdrawal, the bear market will continue.

I would argue that 90% of the investors would begin to withdraw in the case you described in the first sentence. Most of the current investors are not traders and they are not looking for profits in a short term. The main factor which caused the drop in price was not the selling by most investors, but rather the selling by a few but very wealthy ones, who are called “whales”. And we will continue seeing the bearish trends every time the price rises significantly until they will run out of their stashes, in other words, until all the coins they have will be distributed among millions of long-term investors.

it seems they know very well what to do, with the current conditions, indeed i think the whales are planning something to get big profits. technically the bearish trend still continues

The bitcoin has corrected far more than it was expected and I think all the big whales probably are out of the market and might be looking at opportunity to buy back lower so that they can make huge profits as bull run might begin when they enter and can en cash profits before the year end and have a great year. Keep buying on the dips to get the better profits on your money.

The thing is that some of them are not going to buy back, and this actually a good thing because they will no longer be manipulating the market. If millions of Bitcoin users will buy what whales are dumping these days, the bearish trend will be over in a week or two max, and a steady growth will start. I may be wrong, but it seems to me that some of the oldest Bitcoin adopters have gotten tired of the game by now, and are going to quit forever this time.

[tonyvo2017]

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 that any market after the explosion to a very high level, they will return to the original is even worse. So we should not be disappointed by the bad years of the crypto market that believe the next few years, crypto will be more popular in the world and their prices will be restored.

[Lucusfoundation]

Many miners are definitely very upset and with lots of worries about our current state.

It was known amongst some communities that this could happen, institutions don't want to pay high prices for BTC.

This price is a great, historical entry point again. Buy all of what you can!! Last chance!

Best,
Borja

[jcarlo]

Its true, 2018 is year of correction. Bitcoin and others coin drop more than 90% from highest price. Its hard to predict the price right now but i am optimistic that 2019 will a good year

[btc_angela]

Its true, 2018 is year of correction. Bitcoin and others coin drop more than 90% from highest price. Its hard to predict the price right now but i am optimistic that 2019 will a good year

Oh well that's the best we can do right now. Wait till the bear market is over, and look for 2019 as perhaps that year that we finally see the bulls coming back and taking over the market again. No one expected the market to be like this, we thought that at least a good 5 digit at the end of the year, sadly though, some circumstances that's beyond our control, so let's hope that after this year, everything will be alright and we can see a reversal.

[pinoyden]

Will this really be this fast after the fall? Will the balloon still explode, or will it fly away?

what balloon are talking about ? Do you still think that bitcoin is a huge scam ? No sorry but its not .   this year is only the correction year for btc but it doesnt mean that it cannot rise or recover anymore . many peeps will still find it as a good oppurtunity to purchase more bitcoins because btc is really the future of money .

Since its already given that 2018 is the official year of correction for cryptos , there is also a pump year and that is probably 2019  .

[South Park]

Are you invariably telling us to take the correction of prices as the sole reason for the persistent price slumps throughout the year so far? I think we should at least have a little step up in the prices. The current price situation is too low for the market.

I agree that the price that we are seeing in the market of cryptocurrencies is too low but you need to remember that the markets are not rational and that we are currently seeing people panicking and selling their coins because they think this is the end and that bitcoin is not going to recover, and they are doing this even if deep down they know that cannot be the case.

[b3j0]

I agree with what you say, this year is a correction year for bitcoin. I hope that in 2019 the price of bitcoin can recover and be able to attract many investors to invest.

[Osayo]

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 am not too surprise about this. It is also good for this market correction to happen once in a while otherwise, some people will just continue to speculate unrealistic prices which is not good economic wise. Such may even lead to inflation.

[Bonsaiav]

The price correction in 2018 is one of the glum effects caused by the increase that occurred last December, because the increase was not a natural increase due to market willingness but the behavior of over-manipulation, didn't fail if in the end this increase has caused a prolonged correction.

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 with you. Our current market is adjusting to a reasonable level, the values of altcoins are now real and I still feel good for the value of them now. no pumping and dumping. From now on the market will develop based on our investment.

it will be better if all cryptocurrency price have natural growth.pump and dump just make investor affraid with their investment value.no stability and just speculation game.

Yes, i am also of the point of view that bitcoin should move naturally and not by the means of pump and dump. But then it is already 8 to 9 months we are seeing lower bitcoin market and this is getting frustrating for the users. I think it is time that bitcoin should start the bull period.

Hopefully by 2019, it will be a good year for the growth of bitcoin and another cryptocurrency, and we will see it a big market revival.

I also hope that in 2019, we will see the rise of the market. This year was a very serious and difficult period for most of us. Really, many guys lost their money as they decided to give up and sell the crypto.

That's right, friend and the important thing is we don't break up to keep on hoping. I'm very sure 2019 will be the year of the rise of bitcoin and other cryptos, but even so, I really hope that the rising price of BTC can occur at the end of 2018.

[draculaaa]

This year was the wrost of crypto history I think because a similar dip never happened in the history of cryptocurrencues!

[gamalzour]

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 don’t really know what this year or next holds, but I think it wouldn’t be something to regret. Last year when the price was increasing I saved my Bitcoin till when I started seeing signs that there will be a fall, so I had to withdraw funds and see what follows. And even before that a lot of people were saying in this forum that there will be a correction and that’s what is happening now.

[forked human]

I can say even more, the next year may be bad. In my opinion, by the end of next summer, this correction will continue and possibly until the end of the year of the last year we will see a slight increase. Again, this is just my opinion.

In my opinion, we must be optimistic. We all really know the nature of bitcoin and how it behaves every single day. Then why to be disturbed on price falls? It always gives us Bull Run.

[katerinaliisa]

2018 is a year of rapid decline of the entire market. Each month, the market situation is only getting worse.  Even seemingly the most persistent traders and investors do not stand up to this state of Affairs. The situation is extremely tense.

[JMD07]

Probably this is the year of correction but mind you that bitcoin and other cryptocurrency would also had a great chance to have a good market price turn back. I do not see the system will not going to survive especially that money has gone through the system and many loving to have cryptocurrency.

The period from the point of fall till the pint of recovery is always the recovery period after the recessional period is finished. For cryptocurrency, it often lasts longer but the current stability in the value of Bitcoin is good enough and shows signals for revival.

Their is also some market manipulation happens for this year. Although the main effect was the bubble of last year's rally that collapse the price of bitcoin and this year is the correction to align the real value of bitcoin. Yet it's the best time to enter the market at lower price.

[mazdafunsun]

I think the long bear market is healthy, everyday many people are leaving Crypto, those who search for quick short term profits, as well as people who think 2017 bull run will be repeated. We might see a movement in December, but it will not be huge.

In general i think that short term speculators levaing the market is good thing , this should indicate the end of bear market but the recent huge drop makes me re evaluate the situation just because the share size of the drop.

[South Park]

I agree with what you say, this year is a correction year for bitcoin. I hope that in 2019 the price of bitcoin can recover and be able to attract many investors to invest.

Investors are not going to come and throw their money at the market just because they feel like it, they need to see an opportunity for them to profit from this market as well and for that they need to see a positive development in the technology of cryptocurrencies, and until they do not see that we cannot really expect the market to grow significantly during the next year.

[bummm]

I agree with what you say, this year is a correction year for bitcoin. I hope that in 2019 the price of bitcoin can recover and be able to attract many investors to invest.

Probably, I am mistaken, but it seems to me that the correction cannot last for so long. Almost a year has passed since that time when the market started the fall. I hope, finally, we will see how the crypto is growing.

[DAVETUN]

2017 bullish price for cryptocurrency was over priced and beyond expectation, I feel 2018 is the year of correction, which will be followed by stability in the cryptocurrency platform, the long period of  bearish market trend give opportunity for more investors to join and be part  of the  bull run in 2019.Let us be hopefull for the community.