Crypto market is plunging

[SistaFista]

I guess this is just a correction because crypto market was rising too high recently.
As we can see, bitcoin almost reach 2017 All time high, few days ago it was around $19k+
The market correction is normal, some people want to sell their coins because the current price are higher than their buying price.

[Greatchu]

People are simply taking profits and nothing is wrong with that, those who entered in 12,000$ per bitcoin range already make some high ROI at 19,400$, since days ago Bitcoin have been surging and surging I am already expecting some kind of correction, this doesn't mean it's over for bulls though, it's just another room for getting in

[tycsols]

Yes it is normal.for the market to correct itself especially after over 100 percent gains in couple of months time a dip was expected so do not panic if your coin is 10 to 20 percent down. Keep holding and it will recover and the bull trend will continue as overall trend is bullish now for longterm.

[isaac_clarke22]

As of writing this, it went sharply downwards right now especially Bitcoin. I guess we're gonna experience a little bit of corrections cause most likely everyone is dumping their coins right now or yeah selling a lot.
Some whales that were waiting for price surge when Bitcoin was below 15k couldn't wait to sell it right now.

[Delisaara]

now is the time for BTC to be corrected, and altcoins are following BTC too, all of a decline.  but I'm sure it will be back to normal soon.  we monitor together, whether 2017 will happen again or vice versa, we watch together

[mahilchii]

This is a price correction which has taken place and I don't think we need to stress ourselves with this dump as this is not permanent, we should be more focussed on reinvesting into top coins when in order to make most of it when the price started rising back, we need to make a firm decision instead of FOMO.

[Mahdirakib]

Every bull run is littered with corrections, don't keep your face in the 24 hour charts. Zoom out and look at the bigger picture

Your point is correct but I don't consider the recent price movement as a bull run. Few coins just showed the bull trend for few days. Otherwise most other coins have gained the position at average rate. It was a strong price movement and now crypto market having the correction, we can't deny the plugging by observing long chart. In short term people judge the market by observing the change of everyday price.

[pixie85]

This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
If you have been watching the market since the big pump in 2017 and you will see so many similar movements that are happening right now. The price needs to find another floor to prepare for the next pump.

It is a correction. Even a 5% drop can be called a price correction. I'd say that's a pretty strong correction, even a crash because when price drops by 10% within hours, when it needed a week to raise to that point, it's usually called a crash.

As long as we stay above 14000 the bull market will remain strong. We probably would have to fall below 10 to call this a reversal into a bear market. I don't see any reason for something like that to happen. A new ATH in 2021 is coming.

[blockman]

You call this a plunge?

You must be new to crypto..

Nice. This is exactly what it is. There's bigger drop than what happened just this day. And whichever is the higher, this is nothing compare to the past drops or plunge that we've been through.

now is the time for BTC to be corrected, and altcoins are following BTC too, all of a decline.  but I'm sure it will be back to normal soon.  we monitor together, whether 2017 will happen again or vice versa, we watch together

It will recover naturally. We're not in a bubble and correction is very much needed this time if $16,000 is the support, that's a better price than a few months ago.

[republicrypto]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

maybe this is the best time to buy more my friend, but only for solid cryptocurrency such as bitcoin and ethereum
because if we understand about the market, a corrections will always come, wich mean the trend will not always going up or down, right ?
regards

[CaVO32]

This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
If you have been watching the market since the big pump in 2017 and you will see so many similar movements that are happening right now. The price needs to find another floor to prepare for the next pump.

It is a correction. Even a 5% drop can be called a price correction. I'd say that's a pretty strong correction, even a crash because when price drops by 10% within hours, when it needed a week to raise to that point, it's usually called a crash.

As long as we stay above 14000 the bull market will remain strong. We probably would have to fall below 10 to call this a reversal into a bear market. I don't see any reason for something like that to happen. A new ATH in 2021 is coming.

Whatever we call it, correction or not, this price movement is indeed expected. Those who bought btc at maybe 5-12k are now selling some of their holdings. Or even at 15k, they are already in profit if they sold it at 19k. Anyway, it is interesting to see what the market will be this coming month, before this year ends. As btc price is declining and so with the other alts. But I am still positive, as this time, there are a lot of institutions that are now looking at crypto, PayPal is still continuing their crypto services and other retirement institutions that are still in the buying mode for their btc holdings. So all in all, crypto market is doing good in terms of adoption. The price will be back in no time.

[NewRanger]

Dude, it's just getting started, the downturn is a common thing in the crypto market, how to respond to that of course I personally bought more than I could, before things looked expensive.

correction was normal in market cycle, every traders or investors will buy and sell to liquid or take their profits. and current condition caused by many giant investors sell their assets after get many profits from bitcoin or other altcoin. look at fundamental in market , is there any fud there ? NO . and if you want loaded more coins its good decision , next year you will get huge profits.

now is the time for BTC to be corrected, and altcoins are following BTC too, all of a decline.  but I'm sure it will be back to normal soon.  we monitor together, whether 2017 will happen again or vice versa, we watch together

its almost similar with 2017 ,when price hit high price suddenly its drop. but at 2017, correction caused by many fud in market that come from regulator or finance firm. and current correction should be opportunity for us to buy more bitcoin or altcoin.

[TastyChillySauce00]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

This correction will be gone shortly. The market is starting to get the best floor. The whales have been accumulating their profits while they are still preparing for the next pump to break another ATH again.

It's too early to call the correction will come soon. The market will not be stopped until bitcoin can reach its ATH again. you must see the chart and this correction is a usual thing. We are still in the first wave of the pump. I believe we will see another big pump in the next months. The pump probably will be ended in February next year.

[cryptoknightt]

Correction will occur when the market has decreased or increased for a long time, it is usually said to be a condition in which the market has done too much selling or buying and will correct then cause the opposite reaction from the previous one.

[rodskee]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

You have already mentioned that it is Strong Correction so nothing we can do but to Bare with it and take advantage of the Low prices before they finally fly to the Moon.
I did not catch up the last peak of Ripple in which 0.75$ but i had sold at 0.68$ so i am Buying now since the correction is over and this is the start of waiting and monitoring because this will happen again like 2017 

[Quintrix]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning

I have seen this so many times and I guess I will still see this so many times now and in the future, really nothing new, it's the market volatility that comes to play here, not every one of us here are thinking the same when it comes to buying and selling of our coins, everyone is for himself, or every group is for themselves.

[Farma]

You have already mentioned that it is Strong Correction so nothing we can do but to Bare with it and take advantage of the Low prices before they finally fly to the Moon.
I did not catch up the last peak of Ripple in which 0.75$ but i had sold at 0.68$ so i am Buying now since the correction is over and this is the start of waiting and monitoring because this will happen again like 2017 

hope that things can be the same as 2017 or even beyond that. it's just that, the effect after yesterday's high and strong pump, has the current side effect. the price came back down, and even quite a distance. however, at this time, the price has returned to holding and is starting to recover. I suspect that in December the crypto price started to pump again.

[Rowenta]

Don't panic, weak hands are selling off their piece they are probably those who buy bitcoin after the pandemic period, many have already made double gains so selling at 19,000$ is a good target to get out and there are some that thinks that Bitcoin will reach same level as 2017 which was 19,000+ to 20,000$ and stop pumping, we still have weak hands in this space so relax, bitcoin is still very bullish

[gabbie2010]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning

I have seen this so many times and I guess I will still see this so many times now and in the future, really nothing new, it's the market volatility that comes to play here, not every one of us here are thinking the same when it comes to buying and selling of our coins, everyone is for himself, or every group is for themselves.

Taking a look at BTC/USD daily time frame will attest to the fact that this is a minor or major correction that had been unfolding, weekly chart also reinforces this fact, price corrections had occurred times without numbers and this not going to be the first neither the last, I don't see any big deal in this plunge Price Action is just playing out there thus there is no cause for alarm or creating unnecessary FUD and I believed this correction will not be a replica of that of 2017 based on the fact that market conditions then and now differs a lot meanwhile experience traders must have capitalized on the price pullbacks and earn profits consistently.

[toast]

This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
If you have been watching the market since the big pump in 2017 and you will see so many similar movements that are happening right now. The price needs to find another floor to prepare for the next pump.

i agree to this. but we really can't help users who overthinks so much well a few months back the price is just around $8,000 but now look at the price. the drop was not to be consider as a major drop it looks like it's just a minor drop for me.