Correction in the next days?

[Yamifoud]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The hype of the halving is really huge and it's got everyone FOMOing and with my experience, when there is a huge fomo before any event in this space, the particular token in question hardly dump untill the event is over and i see similar thing for the bitcoin halving coming up in the next couples of days

I don't know a particular token you want to point out.
But anyway, the current market flows aren't special, we surpass $9k but we did get back again. We can't decline such FOMOing thing and it usually coming back when the market tends to move high. The absolute thing this that, people can't be of the same thinking. Some are optimistic enough to find moving the market high but some also are on the negative side pulling the market to dump. That is why you can't able to see the market move straight its either going up or down.

[XCANA]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The correction was expected due to the fact that, the bitcoin halving wasn't in before the price skyrocketed, nothing left us yo know that the market will experience a good correction. The current correction is $8,900 and even sometimes hit the $9k which is a signal that, when the bitcoin halving get started the market will go along way positive in price. The dumping is not seen as many holders are still holding their stash up against the bullrun. For those who aren't yet ready to get into the mode of buying should do that before they will be left behind like OP.

[jostorres]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The way I see it, the price of bitcoin is recovering. Have you ever checked out how the price has been moving. Maybe the decrease you're talking about might be after the next halving has taken place, maybe the price might take a little fall back after the halving. We are not sure about that yet, but I have no plans to sell my coins yet, and not even a 10% decrease can cause me to sell my coins, even if that should happen I'm still going to keep on investing and holding.

A lot of experts have been predicting a bull run and we are not sure when that's going to be. I am happy on the performances of bitcoin markets so far after the corona outbreak. Like gold, bitcoin is also proved its worth being an alternate investment instrument to traditional investing opportunities.

[Yamifoud]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever.  And maybe we are so thankful that way because that is the thing makes us more profitable. 

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit.  But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment.  in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

Hoping for the market to stabilize and fully considered as a currency just like fiat money can do, is gonna be far from reality. Bitcoin is already existed for one decade but looking at the situation, people are still preferred to use fiat instead and volatility gets stronger. To know why it becomes more volatile compared before because of the trading market. The more it goes high the more it becomes a risk, and the more it becomes volatile. 

[Subbir]

As Fiat currency is stable there's no difference in its price. Stays fixed in one place But Bitcoin is volatile Its prices have risen and fallen It can decrease and increase when happy it's very difficult to mention whether it'll be corrected within the coming days and the way much it'll cost. Bitcoin's price is rising at a high price it's never possible to stay it forever and everybody sells it if they create a profit But i feel if Bitcoin is stable then it'll never be possible to urge such a lot take advantage of bitcoin investment it'll remain stable in one place like Fiat.

[whyrqa]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever.  And maybe we are so thankful that way because that is the thing makes us more profitable.  

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit.  But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment.  in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

Hoping for the market to stabilize and fully considered as a currency just like fiat money can do, is gonna be far from reality. Bitcoin is already existed for one decade but looking at the situation, people are still preferred to use fiat instead and volatility gets stronger. To know why it becomes more volatile compared before because of the trading market. The more it goes high the more it becomes a risk, and the more it becomes volatile.  

I would very much like to using Bitcoin to stop the government’s monopoly on printing new money and creating inflation, because of which people's savings are depreciating.  but since the volatility of bitcoin is only increasing, getting rid of such a concept as inflation will fail and it frustrates me.

[deisik]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The big price moves almost always happen against the expectations of the crowd

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

[carlisle1]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The correction happened just after the dump and when the market recovers but we cannot be determined unless it happens.but about the 10% price drop?it already happens but yet we are not gettin what we wanted to be specially this halving.

As Fiat currency is stable there's no difference in its price. Stays fixed in one place But Bitcoin is volatile Its prices have risen and fallen It can decrease and increase when happy it's very difficult to mention whether it'll be corrected within the coming days and the way much it'll cost. Bitcoin's price is rising at a high price it's never possible to stay it forever and everybody sells it if they create a profit But i feel if Bitcoin is stable then it'll never be possible to urge such a lot take advantage of bitcoin investment it'll remain stable in one place like Fiat.

You come so far mate,OP is just asking about the correction and not in any aspects ,but yeah Bitcoin volatility hinders us all to find which will happens next and that is also the good thing about bitcoin as thrill is always there.

[Ifemini]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

Correction in the crypto currency market cannot be generalized
Different altcoins have different starting points and also they experience bull run at different pace. Hence the correction would come differently

It is up to you to understand your portfolio and follow the guidelines lf doing your research

[buwaytress]

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

The big price moves almost always happen against the expectations of the crowd

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

Yup. There we go, no 10% price dump and instead, a 10% bump and just 2 days to go to the halving. And then today another 10% dump to where we were 2 weeks ago. Pure psychology at work here, little much else, no knowledge or willingness to look at fundamentals just pure "it's getting scarcer!" buying.

Crazy days, but we'll see crazier yet!

[deisik]

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

Yup. There we go, no 10% price dump and instead, a 10% bump and just 2 days to go to the halving. And then today another 10% dump to where we were 2 weeks ago. Pure psychology at work here, little much else, no knowledge or willingness to look at fundamentals just pure "it's getting scarcer!" buying

Well, it looked more like a 20% correction

Regardless, things are going along the path that I had outlined more than 2 years ago. As Bitcoin's market supply is limited and will be even more limited after the halving, we should expect evermore insane levels of volatility coming. In fact, since the beginning of 2020 we have already witnessed the effect I described in that 2017 thread, though I didn't really anticipate it to reveal itself at these prices

Crazy days, but we'll see crazier yet!

Will glass coffins be a success? Remains to be seen

[Hypnosis00]

Always to expect that as known to be a partner of pumps.
Just looking at the current market movement, $10k in previous days and now we are already at below $9k. The halving had nothing to do this thing, even we are too positive with halving event but somehow, we can't still be assured of Bullrun. And it possible it drops more as people are already in FOMOing.

[rexxarofmoknathal]

Corrections begin and this is expected after we fail to stay above $10k maybe the hype for Halving is slowly fading away since 1 day left for the halving. We should not be complacent on the pump with bitcoin, learn from the past that it can easily dumped so stay with having a plan. Well, I still believe for the future pumps that the halving will bring to us, time will tell.

I think you're right there in saying not to be complacent about Bitcoin given its history, in fact it seems that the dump just before the halving is usually and what we should be looking forward is what happens after the halving since that's most important!

[buwaytress]

Well, it looked more like a 20% correction

Regardless, things are going along the path that I had outlined more than 2 years ago. As Bitcoin's market supply is limited and will be even more limited after the halving, we should expect evermore insane levels of volatility coming. In fact, since the beginning of 2020 we have already witnessed the effect I described in that 2017 thread, though I didn't really anticipate it to reveal itself at these prices

Crazy days, but we'll see crazier yet!

Will glass coffins be a success? Remains to be seen

Ah right, I just opened the charts properly and saw the 8111 low. Lucky whomever bought that dip, as we're back at 8800 now, which made me think it was the 10% drop rather than the almost 20%. But you're right, if anyone thought volatility was going away, they're wrong. Add in the extenuating economic circumstances and we're going to see more Black Thursdays and traders will be encouraged to go in and take advantage. More broken hearts.

Glass coffins? Disney did their best!

[carter34]

The volatility is coming down as you saw in 2017 too. Bitcoin today has been highly indecisive which is as the result of halving influencing price. The determination of price now to me is not in the hands of whales but the investors are trying to make a move of leaving or buying more. This is the fud and fomo interaction. We see in few days how it will move after halving.

[hahay]

Maybe some of us will be surprised by the correction that happened today because the price reduction occurred two days before halving bitcoin, but I'm still sure even though they were shocked but they will remain confident and be patient to keep holding on to it because correction before halving is common, so there is nothing to fear because the next pump will definitely happen.

[deisik]

Ah right, I just opened the charts properly and saw the 8111 low. Lucky whomever bought that dip, as we're back at 8800 now, which made me think it was the 10% drop rather than the almost 20%

Sorry mate but we crashed again

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day
 

Glass coffins? Disney did their best!

Vatican is second to none

We see in few days how it will move after halving

I can tell you how. It will move in both directions, and likely not just once

[buwaytress]

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day

Suits me, I always say. I'm really not prepared (or shall I say, not well-endowed in BTC enough) for any kind of big move this whole year. I've already been forced to sell for economic reasons, so chipping away at savings. Dead cat's bounce though, didn't that use to mean the bounce before the final nail in coffin? Suppose these terms take on new meanings in crypto.

What's your end game for bitcoin? For crypto?

Vatican is second to none

Oh, definitely second to the not-so-eternal supreme leader.

[deisik]

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day

Suits me, I always say. I'm really not prepared (or shall I say, not well-endowed in BTC enough) for any kind of big move this whole year. I've already been forced to sell for economic reasons, so chipping away at savings. Dead cat's bounce though, didn't that use to mean the bounce before the final nail in coffin? Suppose these terms take on new meanings in crypto.

What's your end game for bitcoin? For crypto?

Y'know when you play the game of coins there is no middle ground, so I'm all in

The difference is likely that I'm on the fence most of the time, actually on both sides of it, the short side and the long side. This way, I'm fine as long as crypto doesn't kick the bucket, and thus going to enjoy the ride while it lasts (hopefully, it will be a never-ending game for me) 

Oh, definitely second to the not-so-eternal supreme leader.

Kim Jong Undead

[Sadlife]

It will have a small little breather before the halving then dumps to $8000-$7000 level this it is only an speculation but according to every Halving event Bitcoin always takes a move to the downside before having a massive move to the upside. Even in the Stock to flow model this is shown in detailed.
The question is will it repeat again, this is probably what most traders speculates.