Bitcoin bullrun and correction period

[ultrloa]

i find it very odd to talk about something that is too far away in the future. it would be like talking about what started in January 2018 all the way back in middle of 2016 because that is where we are right now, close but still far from the previous ATH breaking of which is a long process itself. then we enter the big bull run that comes after all of which can last for over a year.

Not only that,,, we have to be realistic (possible to be realistic in BTC?) and see that even if we touch the previous ATH, we have not yet had a correction. Many bounces from $14k but we went through $16k and $17k like nothing. One bounce from $18k but we should be strengthening with consolidation and corrections first I would say before taking on ATH.

So it is still to me very very far away in the future.

The way we are moving up, i think bitcoin will cross the All time high and then we may see a 20-30% correction. Also historically bitcoin prices are down near the Christmas and year end. No one knows exactly, at what point there will be reversal in bitcoin prices ?

Dint though so soon we may even see crossing 18000$ this week itself. The price is rising soon and at times feel it may correct then yes may fall 10-20% easily on that occasion. Well its always better it gets stable bit and then rise else this rise would just be on a temporary note and  do not want it for short time.

It's surprising to see the price reach for $18,000  since imagine how fast we get this figure since many never thought that we will go to this far. Although there's a short fall happen today but it recovers back again and for sure we can see more until the end of this year and might we can see the price surpass to the old ATH and we can see a new one this month.

[DoublerHunter]

i saw a post in facebook saying that :
#BTC
#Don't wait for 20K!
#Sell before 19k!
#wait under 16K!

^ Its a FUD. For me, history repeats itself but once we learned our mistakes in the past than we already know how to avoid them. Many had failed in the bull run last 2017 and rest assure they exactly know now what to do just not to commit the same mistake from the past however, we can't insist to everyone when they need to sell their bitcoin because they have their own reasons for doing so in fact if a small-time investor will sell his bitcoin as of this moment it will not bring huge impact at the price since the demand is continuously growing which makes me think that correction probably not happen either before or after the bull run. Nevertheless, If whales will not do any manipulation on the price I speculate that the price will continue to increase and can go beyond $20k in the soonest time.

[ningrum]

Bitcoin has been so bullish from last couple of week and this is exactly how 2017 bullrun started and as we discuss this Bitcoin has already crossed $17k, so are we ready for bullrun and a possible correction period post Bullrun?

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

hasn't the Bitcoin price correction occurred?
After reaching ATH in 2017, the Bitcoin price has been corrected until now and it is called the bearish season,
and finally now the Bitcoin price is slowly recovering to the All time high level, and I believe the bullish season has occurred.

[davinchi]

Do not lose your hope, but do not get too hyped neither, both sides are not really that much helpful for you, it is not really something we should be considering at this stage of the increase. If you talk about how we are going to keep going down and drop, we are going to drop just because of that because you are creating a FUD and if your FUD sticks and everyone believes it, the price will go down from all those people who believed you selling their coins.

However if people do not believe you and believe the people who claim $30k is in play right now, they will all buy and if price crashes they are going to lose a lot of money. Which is why I suggest we stop saying it could be $5k or $50k, we should focus on what we have right now and prices around our range, if you want to say it may drop say $15-16k levels, if you want to say it will go up say $20k levels.

[Reid]

I don't really want to be pessimistic but it is scary as hell.
This kind of pace is just difficult to believe.
Soon, there will be a panic that will happen. Just $1k down and those trembling hands will press the sell button.

But just like 2017, it could be next year or late December since they will need the money for their Christmas events.
Still hoping it won't be the same or just a little better. $15k bottom should be enough.

[Mahdirakib]

<snip>

Our expectation doesn't matching with the bitcoin price movement this time. Many people thought that a correction will happen soon, while the price reached at each stage, like 12k, 13k, 15k usd. But it hasn't happened yet. Bitcoin investors become mature enough now. So, it's hard to tell that what will be next move of crypto market. And same things aren't repeating, read this article
This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017’s

[Fortify]

It seems very possible that Bitcoin might start to correct at some point and it is very common when you see a very high vertical climb in any asset. Once the price gets too high, the fees involved in transferring tend to outweigh how useful it is for completing regular daily transactions for the average person. A large part of the popularity and reputation stems from how useful it is to the average "retail" trader or people spending it as they would a fiat currency. Whether the price can stay at a high level might depend on whether the super-rich will continue to hold it and use it for transferring funds in huge amounts into the future. It is a very fine balancing act and nobody can really predict the direction into the future.

[uray]

Bitcoin has been so bullish from last couple of week and this is exactly how 2017 bullrun started and as we discuss this Bitcoin has already crossed $17k, so are we ready for bullrun and a possible correction period post Bullrun?

We are going through a bull run as it has broken many major resistance with ease in the past few weeks and it is really hard to predict where the market would reach by the end of this year. Either way it is promising for the investors and many could book their profit if they want to.

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

Not sure what is the negative impact you are talking about. The market was pumping for a very long time before we had a major correction in 2017.

[hahay]

Things like panic due to market collapse and because buying at high prices will definitely happen any time and indeed, this is a bullish period but whether it will continue to be consistent because of a correction is a concern because correction can happen anytime and will happen quickly. If this is the projected time for the attainment of the new ATH, then at least we can still be confident, because if history repeats itself at least there will still be plenty of time before that correction occurs. Careful preparation is very necessary so as not to repeat the same mistakes, because this is the best moment that has been hoped for for a long time.

[gantez]

Just be smart if you are planning to buy or sell, now is the time for selling not buying, don't ride with the FOMO if you believe that the same scenario will happen in 2017.

This is the kind of advise investors in 2017 didn't listen to and they bought it higher, now same thing about to repeat itself. Being careful now is what to do and charting the bear is what is what investors can look at, at least a little correction.

[Wysi]

Things like panic due to market collapse and because buying at high prices will definitely happen any time and indeed, this is a bullish period but whether it will continue to be consistent because of a correction is a concern because correction can happen anytime and will happen quickly. If this is the projected time for the attainment of the new ATH, then at least we can still be confident, because if history repeats itself at least there will still be plenty of time before that correction occurs. Careful preparation is very necessary so as not to repeat the same mistakes, because this is the best moment that has been hoped for for a long time.

100% agreed with your statement as correction can happen anytime and that's when emotions will be high and users will do panic selling causing more damage to the fragile market, but right now we are still on the way to ATH wherein I feel we can relax for atleast one or two more months until Bitcoin breaks its previous ATH as we can use previous ATH mark as a precaution to avoid investing into BTC until correction occurs.

[stomachgrowls]

Things like panic due to market collapse and because buying at high prices will definitely happen any time and indeed, this is a bullish period but whether it will continue to be consistent because of a correction is a concern because correction can happen anytime and will happen quickly. If this is the projected time for the attainment of the new ATH, then at least we can still be confident, because if history repeats itself at least there will still be plenty of time before that correction occurs. Careful preparation is very necessary so as not to repeat the same mistakes, because this is the best moment that has been hoped for for a long time.

We should really be careful and be caution because if we do let ourselves caught in the dump then we might end up on the same situation on where to those people who do get caught by the dump

and ending up on holding for too long or majority had been commit out some panic sell due to lack of patience of markets recovery or lost in belief.
Making yourself get too careless will really be affecting your investing decisions.

Just be smart if you are planning to buy or sell, now is the time for selling not buying, don't ride with the FOMO if you believe that the same scenario will happen in 2017.

This is the kind of advise investors in 2017 didn't listen to and they bought it higher, now same thing about to repeat itself. Being careful now is what to do and charting the bear is what is what investors can look at, at least a little correction.

There would be only two people here on this market which is to those buyers and sellers and neither to those who profit or to lose money and as a trader then you should do your

best to let yourself belong to those who do make out profits.Dont let yourself get too blinded with the current market rally but it isnt really bad to feel that bullish but always

take precaution because we cant just go head up without stopping and selling point.

[Cryptpogz1]

Bitcoin has been so bullish from last couple of week and this is exactly how 2017 bullrun started and as we discuss this Bitcoin has already crossed $17k, so are we ready for bullrun and a possible correction period post Bullrun?

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

Well not one knows when the price correction will happen, but people are still people and there will always be panic sells taking place although i dont think it will have that negative impact you are referring to because at the end of the day whales are the ones deciding the price of bitcoin and they're not usually the ones doing the panic sells

[Ayiranorea]

To push the price high large volume holders will invest more and more money. This is kind of market manipulation, because based on the investment happening the market gets pushed. As a result there'll be growth, same as investing the money gets cashed out. This causes price drop. Whales won't react to it, while the the small investors get into panic which also crashes the market. This should not happen.

[BChydro]

actually it may be true and bitcoin can crush again before 20 k $ but this year is not the same situation , in 2017 the whole market was overbought , altcoins was already in the moon but now you can see the altcoins didnt start the bullrun yet and bitcoin is already in 20k $ , so i guess its a good sign for now

In the past the bitcoin rallied first and then we would see the alt coin market rallying and now most of the major alt coins rallied along with bitcoin and as long as the investors are confident in pumping their money in the market we will see the market moving higher. With the way the market was moving i thought it might touch the all time high valuation but now we are trying to break another resistance above $18k and in a couple of days we will know whether we will break that resistance or will have a correction.

[JimboToronto]

What's with all this talk of 2017?

Where we're at now is more reminiscent of spring 2013 when we reached 8x the previous ATH up to $266 before dipping down to $50 and then half a year later quadrupled that ATH all the way to $1100.

It also reminds me of autumn 2016 when the rally from $600 barely broke the ATH before dipping to $750 in early January and bouncing back and forth between 3 and 4 digits for several months. It was another half year before the real fun started.

I'd be happy to see $20k before year's end but I don't expect 6 digits before autumn 2021.

Patience.

[Oceat]

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

Nah, it will never going to change. There's always people who'll eventually sell at a lower price during the price correction as investors would have a race in dumping their coins to earn profit.
Nevertheless, I don't see a huge dump happening sooner, since Btc has still showing strength in an upward motion.
Most probably quick sellers would sell their bags once Btc reaches a new ATH, base on how people posted their regrets for not selling immediately during the 2017 ATH.

I can't expect them to be certain in trading the right time of not losing anymore but it's their choice in the first place. Those weak handed hodlers will soon dump as the market starts showing a new ATH price but we can't deny the fact that there are greedy ones too. It is a matter of right choice before they caught empty handed when the start to dump hard. I don't know if there will be a price correction sooner or the market will just slowly growing up until it hits a new ATH.

[Mahanton]

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

Nah, it will never going to change. There's always people who'll eventually sell at a lower price during the price correction as investors would have a race in dumping their coins to earn profit.
Nevertheless, I don't see a huge dump happening sooner, since Btc has still showing strength in an upward motion.
Most probably quick sellers would sell their bags once Btc reaches a new ATH, base on how people posted their regrets for not selling immediately during the 2017 ATH.

I can't expect them to be certain in trading the right time of not losing anymore but it's their choice in the first place. Those weak handed hodlers will soon dump as the market starts showing a new ATH price but we can't deny the fact that there are greedy ones too. It is a matter of right choice before they caught empty handed when the start to dump hard. I don't know if there will be a price correction sooner or the market will just slowly growing up until it hits a new ATH.

No one can tell if we arent on the actual situation but to presume that there would be a drop point on where those who invest earlier and to those who hold will decide
to drop off their bags and secure the profits that they do gain but the price might able to held up consider that the adoption isnt the same wayback into those previous years
where it did easily collapse.

Now there are lots of big companies that do adopt bitcoin which this signifies that we arent really experiencing some bad red or bearish run.
We might see or ride along with waves but we do have that constant price increase over time.

[Shasha80]

At the moment bitcoin is very bullish brother! Not even a few weeks ago. If we will remember, since March 2020 from a still very low price of $4K until this November, bitcoin has increased by 375%. That’s because of a variety of factors, essentially a lot of positive sentiment that benefits bitcoin.
In the middle of bullish as it is today, there will definitely be a period of correction, and there will definitely be FOMO that co-sells bitcoin.
Likely that this period of correction will not be too sharp, as inflationary factors still dominate, and will allow investors to hold on to their bitcoins
during the USD weakening, which continued to be depressed during the covid pandemic. This makes bitcoin even shinier amid the Covid-19 pandemic

[LogitechMouse]

Bitcoin has been so bullish from last couple of week and this is exactly how 2017 bullrun started and as we discuss this Bitcoin has already crossed $17k, so are we ready for bullrun and a possible correction period post Bullrun?

Last time we were not ready for correction period as a result many sold bitcoin lesser price our of panic which creates more negative impact, will it be different and mature response from users this time if similar thing repeats? Kindly share your opinions.

I just watched a video on Youtube yesterday and this scenario is very different from what it was last 2017.
When Bitcoin is surging in 2017, there are many Bitcoin holders who are transferring their Bitcoins in an exchange so that they will be ready to sell it. Right now, people aren't doing that way but instead they are just holding it since many are hoping that it will break its recent ATH of near $20,000.

We already saw what happened last 2017 and 2018 so I think most of the investors who have experienced it are ready now for the bull run and at the same time the huge correction that "MAY" happen in the future.