Where the correction ?

[Wipeout2097]

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[tabas]

The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.

What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.

[vintages]

If we know the specific date or months or year that correction tends to happen, won't that be market manipulation?
Simple nobody seems to know, no prediction can even predict it accurately. So just monitor the market and make the correct moves. And most importantly invest in the right coins.

[StartupAnalyst]

A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.

You can't call what happened today - a correction, no. Because if it'd have happened, it'd have shook the markets and took some time to recover while keeping BTC in ranging for weeks if not months. But this time, it showed us the power of buyers, what an immense feeling of bears getting eaten up RAW by bulls and that's the only reason that while we saw our trades going red, they turned back in green again in no time.

It depends on what is considered under such a concept as correction. Personally, I believe that today's slight drop in the exchange rate can be considered a short-term correction, however, which should not yet lead to a subsequent collapse.

and yet people do really give out that kind of vibe on where they do believe that this price decline might be the start of such crash or huge correction.
It seems that lots of people now are anticipating or waiting up for that huge correction for them to buy cheaper coins but it seems the market doesnt really go as expected.
Instead, it do recovers most of the times after have some minor dumps and do make out recovery later on.Its really good to those who do love to scalp out the market.
Just like me where $100-200 volatility will really be enough.

That's because noob traders prefer to use huge dumps and pumps to get good grains. Though it's really hard for them to distinguish short-term correction after which market recovers and the start of bear-market when they would have to wait for years to get some grains or to cover their loses if they were inaccurate to buy on ATH before coins suddenly decreased

[coolcoinz]

I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology. I believe this run is where BTC belongs. Another thing is the pandemic where small traders appears and when they go to their normal job, quiting their trading will probably have some little effects to price itself.

It's not yet in the mainstream but I like your thinking. If more people are as misinformed and as bullish as you are we are definitely going to go higher from here.
You're right about the run not being like 2017. I said a few times before that for the bull run to end in a real crash, not a fakeout, the chart has to show a very strong move up, at least 10% in a day and then a strong immediate rejection and a pullback to about -40%. We haven't had that yet. What we see now is traders taking profit and waiting to see if the majority joins them, but the majority is holding.

[arallmuus]

I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again

[Mahanton]

I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again

Nope, we don't need hype but we do need those positive adoption kind of news for us to go on new heights and those things aren't hype's but real acceptance
which I would say that both are different things if we do make out some comparison.Its true that we wont really be seeing a market that would really be on continuous rise,
there would really be a time on where everything would be on a correction which is not really that something new.This wont be called a market if it does have that kind of
behavior.Just wait up for those corrections and instead on freaking out then its better to make use to buy cheaper coins on that time.

[danherbias07]

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If only it's that easy.
Like someone thought $30k was already high since it was larger than ATH last 2018.
So they sell then it pumps again.
Buying back is impossible with mental wall. Just the thought of having a lower amount of Bitcoin than you had before is already depressing.
Correction or not every move is risky.

[Oasisman]

I dont think that this bull run is quite similar to 2017 bull run. I believe that cryptocurrency are now in mainstream due to some influencers who promote and support this new technology.

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again

Eventually it will happen again. The Elon Musk Bitcoin purchase was just the beginning, we have yet to see the full capacity of Bitcoin's value based on the demand from large scale individual investors/institution. As far as the correction is concerned, Btc is somehow having a slight correction when It went $40,000 for the first time, It corrected around $30,000 region after a few hours. Now, Bitcoin has reached $58,000 and is currently corrected. So, yeah everything that goes up must go down at one point, but we don't expect a sharp drop at this current rate.

[arwin100]

I am surprised why do individuals think there will be a adjustment, appreciate your benefit since of this great advertise condition, Being secure you take your capital from the benefits you contribute and take off the rest to be utilized again.at times like this taking benefits in a brief time can happen in case you select a coin that will truly go up, and in a week it can be over basic capital. if market going ruddy, at that point hold otherwise you purchase more with cash you pull back before,aftter rectification advertise will be rise once more.

If only it's that easy.
Like someone thought $30k was already high since it was larger than ATH last 2018.
So they sell then it pumps again.
Buying back is impossible with mental wall. Just the thought of having a lower amount of Bitcoin than you had before is already depressing.
Correction or not every move is risky.

Right since we also don't know if we position on the correct time since sometimes there are instance that the price dump more when we place our buy orders and that is so depressing especially if we newly put our stop loss and bought back again.

But since the price is much stable after the storm happen well we can say right now that it's good to buy now and seems the correction is slightly done for now.

[oHnK]

But since the price is much stable after the storm happen well we can say right now that it's good to buy now and seems the correction is slightly done for now.

After the storm stops, the sky will be clear, but those words don't always suit Crypto conditions, because the conditions of the crypto market are determined by people's tastes.  When people lose their appetite, prices will fall and will rise again when they become interested in buying it.  However, it will not always be like that especially if you look at the condition of Crypto which is currently not accepted by the whole community so that we are still lucky enough if today the price is stable again.

[blckhawk]

The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.

What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.

I'd say you have a point. I also believed that the market will not make a hard fall this time, yes we might be in a bit of correction right now making the newcomers panic but today's market is far different from what we have before as for the reason of these large institutions are keep coming by and procuring Bitcoin. This is why I don't think this correction would last long. Anyway, having a stop loss is highly recommended in these current situations, it saves us from losing a big portion of our money which is why it is necessary for our every trade. Also, having a target price was also necessary.

[arallmuus]

Here's a pro tip for you. Everything that goes up needs to go down and sideways is pretty much bad for bitcoin so if people want this bull run continues, it will require a massive hype for it to keep on going up. The thing is, we should be crashing like 2 weeks ago but Tesla's bitcoin investment made a new hype on btc so yeah we continue the rally but unless we have a new positive hype then it wont happen again

Nope, we don't need hype but we do need those positive adoption kind of news for us to go on new heights and those things aren't hype's but real acceptance
which I would say that both are different things if we do make out some comparison.

Oh boy, you do realize that hypes are created by spreading so called 'positive' news over and over again isnt it? Lets take Tesla $1.5 billion investment as an example, is this a positive news ? Yes and this is also a mainstream adoption which in fact is a huge one. Look at how many media especially online media reported this news? Alot and Im sure every country covers this news at least once unless it is 3rd world country

Mass online media reporting this over and over again creates hype and hype creates FOMO reaction which make alot more people want to know more about crypto or to follow Tesla's action of buying bitcoin as part of their investment

[tabas]

The correction has come, most people have waited for this time to buy for the coins that they want to have at cheaper prices.

I have the feeling that people who bought above 50k are in panic mode right now, especially those who are new into this market. Correction is really just around the corner and no one can tell you it is coming. And right now, we are experiencing it. But I think, it will not go down hard as the support is very solid. There are so many players and investors already, and they won't just sell their share because of this correction. For those who are waiting for btc to go down, now, is your time to accumulate more before it goes up again.

What can we expect, most of the new buyers probably are in panic but those institutions that have bought price higher than $50k have longer term plans on it.
That's what we should learn from them but we should also learn when to take profit and when to sell if you're in profit.

I'd say you have a point. I also believed that the market will not make a hard fall this time, yes we might be in a bit of correction right now making the newcomers panic but today's market is far different from what we have before as for the reason of these large institutions are keep coming by and procuring Bitcoin. This is why I don't think this correction would last long. Anyway, having a stop loss is highly recommended in these current situations, it saves us from losing a big portion of our money which is why it is necessary for our every trade. Also, having a target price was also necessary.

Yep, it's all what you have to understand that too many things have made the market different from before. There are these institutions that are also helping to bump bitcoin's price and market cap.
And the majority of us are benefiting from it and with such corrections, they'll really come no matter how huge bitcoin's price goes up.

[lixer]

well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.

This is what I hate about altcoins, when Bitcoin was rising most of the altcoins didn't raise as much as they should have. But now once the bitcoin market is going down all these markets race against bitcoins in going down. I am not sure if altcoins drop creates a domino effect or the vice versa but each and every coin should have a reason when they fall, not just because bitcoin is falling all of them drop like a deck of cards.

That is basically the main difference between altcoins and bitcoin, altcoins are the ones that are going because of FOMO and hype, bitcoin in fact is being backed by very powerful individuals and those are the ones we know, it is entirely possible there are more billionaires out there with decent stashes of bitcoin but that have not revealed they are holding it yet.

It also makes me wonder if all the altcoin coming up and existing ones have any of their own identity in the market or they are just standing on the base that bitcoin created years ago. If the Bitcoin market is going down because it saw a bull run it should never mean that all the assets fall down suddenly.

For example if a stock is suffering in the stock market, is usually does not affect other stocks and their prices at all.

[nicecrypto]

well , i guess today will be more worst than yesterday , posibly altcoins drop up to 40% , and ETH maybe going to $1400 and bounce fast like yesterday , and how about BTC ?, seems btc have more resistance than other coins, posibly FOMO on bitcoin make it strong,This can be seen from the number of parties who withdraw bitcoin from the exchange, i guess 45k is a worst price for bitcoin if this still continue.

This is what I hate about altcoins, when Bitcoin was rising most of the altcoins didn't raise as much as they should have. But now once the bitcoin market is going down all these markets race against bitcoins in going down. I am not sure if altcoins drop creates a domino effect or the vice versa but each and every coin should have a reason when they fall, not just because bitcoin is falling all of them drop like a deck of cards.

That is basically the main difference between altcoins and bitcoin, altcoins are the ones that are going because of FOMO and hype, bitcoin in fact is being backed by very powerful individuals and those are the ones we know, it is entirely possible there are more billionaires out there with decent stashes of bitcoin but that have not revealed they are holding it yet.

It also makes me wonder if all the altcoin coming up and existing ones have any of their own identity in the market or they are just standing on the base that bitcoin created years ago. If the Bitcoin market is going down because it saw a bull run it should never mean that all the assets fall down suddenly.

For example if a stock is suffering in the stock market, is usually does not affect other stocks and their prices at all.

Same question on my mind. I still don't understand why not only they fall down when Bitcoin does but It also seems the follow the same pattern



Apart from USDT, Both BTC, ETH and BNB all have same pattern of graph doing down but this don't usually be the case in an upward trend   I have been asking myself why does this happen like that, as in Bitcoin dragging every Alt with it downward but not as much upward.

So to your question, I don't think for now they have their own Identity yet but all in the shadows of Bitcoin.

[tygeade]

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Man nobody can tell you what exactly. Even Bitcoin we can’t tell where it is heading next not to talk altcoins, and some of the altcoins’ you have mentioned I don’t even know them, so can’t really tell you what’s going to happen to them in the days that are coming.

Right now a lot of people are confused to when there will be bear, and there are also those who are saying that there is not going to be anymore bear market after there have been lots of institutions who have invested their money in the crypto currency market. Bitcoin decreases early this week to the extent a lot of people got scared, but now it’s climbing up again.

[Mauser]

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Man nobody can tell you what exactly. Even Bitcoin we can’t tell where it is heading next not to talk altcoins, and some of the altcoins’ you have mentioned I don’t even know them, so can’t really tell you what’s going to happen to them in the days that are coming.

Right now a lot of people are confused to when there will be bear, and there are also those who are saying that there is not going to be anymore bear market after there have been lots of institutions who have invested their money in the crypto currency market. Bitcoin decreases early this week to the extent a lot of people got scared, but now it’s climbing up again.

As long as we are not seeing a panic selling happening in the bitcoin market, the alt coins should be fine. There is a strong correlation at the moment between bitcoins and the big alt coin markets. So in my opinion we shouldn't expect a correction any time soon. As long as BTC is above 30,000 USD then our alt coins should be fine as well.

[molsewid]

As long as we are not seeing a panic selling happening in the bitcoin market, the alt coins should be fine. There is a strong correlation at the moment between bitcoins and the big alt coin markets. So in my opinion we shouldn't expect a correction any time soon. As long as BTC is above 30,000 USD then our alt coins should be fine as well.

I think the correction has already ended. We can see now that bitcoin price is improving and it is now at 47,000 I think it is 45k in the last few hrs, so we're now at bull run again maybe after this week, march is fast approaching last 2017 this is what actually happened too so  based on the research and on the history of crypto March will be the alt season so it is better to prepare your bags these week and buy more and wait for the bull run.

[DJANAS]

i'm not sure but i think we will see the bitcoin under 30K soon, but in the end no one knows