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Author Topic: Will there be a correction?  (Read 259 times)
masterrex
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December 19, 2020, 11:24:33 AM
 #21

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

IMHO, I believe the correction in the market will follow shortly, But it will not harsh compared to 2018, by the way, thanks to institutional investors pouring some money into the market particularly in Bitcoin because if there's no new capital was poured into the market we will not see a hot and bullish market that we are experience now. 
Reid
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December 19, 2020, 11:41:26 AM
 #22

Yes.
They call it correction but sometimes you can just say it is a dump.  Grin
Nothing is supposed to be corrected but someone needs to sell to make some profit.

It's just difficult to identify when it will be. It can happen slowly or in an instant.
Be careful on selling though, that correction might not happen so soon.
fishbonez11
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December 19, 2020, 01:11:51 PM
 #23

Is there going to be a correction? Your opinions are greatly appreciated.

Regards

Just like the previous event, we've seen how the price spike and showed sudden drop. As they say, History repeats it self. There is a hype happening, it will eventually be stable at some point. For every pump there is an equal pump, expect the worst. But who knows, Bitcoin is really gaining good publicity and adaptation from this past months, the pump might be real.
coolcoinz
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December 19, 2020, 08:42:36 PM
Last edit: December 19, 2020, 08:53:22 PM by coolcoinz
 #24

Yes.
They call it correction but sometimes you can just say it is a dump.  Grin
Nothing is supposed to be corrected but someone needs to sell to make some profit.

It's just difficult to identify when it will be. It can happen slowly or in an instant.
Be careful on selling though, that correction might not happen so soon.

I always thought there's a difference between a dump and a correction. A correction is within a trend, while a crash or a dump is usually the end of a trend. For instance, in November we had a correction from 19 to 16k but it was all within a bullish trend. In 2019 when a bull run ended on 2014 and kept falling we had a crash or a dump.
The correction will happen for sure but I cannot say at which level. My first guess would be 25k but if we go to 26 then sky is the limit. It could hit 30, it could hit 50.

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