Where the correction ?

[Stedsm]

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.

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[Congyang]

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.

correction is still not happening at this time, you are still lucky to be able to enjoy 12x yield of investment in ROI. but believe me if the correction comes you will feel chaotic because the decline is so drastic. So I thought a correction would be coming but not to worry and this definitely makes one of the options to fly higher.

[AndySt]

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. All the reasons that previously contributed to the rise in the exchange rate of bitcoin, such as printing and injecting a large amount of money into the economy, have not gone away, so a strong collapse of the price in the near future is unlikely.

[Oilacris]

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.

[ashmodeus]

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.

[nicecrypto]

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.

I believe by now you are already seeing the answer to your concern. Like you rightly said, it has been a great run for some of the crypto projects in the past few weeks even me that invested in a particular  project BNB to be precise since just last month January have had a good profit cos I bought in @ around $41 and ran with it till $300+ but as at the time of this post, BNB is trading around $196, that almost 50% pull back and I think this might still go down some more. I believe this is the correction with most cryptos from BTC BTC and will make an upside move again fingers crossed 

[oHnK]

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.

I think that today is the day of the whole crypto correction.  The decline is more than 10% and this is quite reasonable, from a long time the shoots are finally starting to fall.  My prediction will last a few days until the whales come up with the new issue after buying at a low price and selling the issue in order to raise it again. If the price drops below 45k USD then it is a clear sign of a continuing crash.

[ashmodeus]

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.

I think that today is the day of the whole crypto correction.  The decline is more than 10% and this is quite reasonable, from a long time the shoots are finally starting to fall.  My prediction will last a few days until the whales come up with the new issue after buying at a low price and selling the issue in order to raise it again. If the price drops below 45k USD then it is a clear sign of a continuing crash.

to be clear , range price as for today is 44.8 k - 54.1 k , but somehow , for me its still acceptable , remember when TESLA buying Bitcoin , the price going up to 42k ++ i forgot what the exact price, and that the first signal about this euphoria . so , if price drop below 42k, its for time for quit .

[ChiBitCTy]

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.

First off I hope you know the risks involved when you put all of your "eggs in one basket".  This is something that I never advise my clients on doing.  It is very risky and quite frankly a bit reckless.  Second, you mention receiving a 12% return on investment for a slew of different coins ( shitcoins), is this simply the gain you had, or is this some sort of interest bearing deal? If it's the latter, I must warn you that is a very high interest percentage that no one can guarantee in these times, so be extra careful because these high interest bearing coin deals are huge scams for the most part.

[wxa7115]

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.

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.

Personally I think the correction was healthy, the market was once again in clear overbought conditions and if what we really want is long term growth it will not damage bitcoin to more sideways for some time.

[Rexler]

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.

Since you're in profit try using a stop loss to avoid losing those profits to any huge correction on the market, and if you are asking when there will be a huge correction on the market, I don't think anyone can predict or boldly say when we will have a huge correction on the market cuz the crypto market is very unpredictable, so just expect the correction soon,and this isn't a fake bull run it's for real and no one knows when it's gonna stop.

[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 think that today is the day of the whole crypto correction. 

It is no question because you see that there are a lot of bloods in the streets of crypto.

[tippytoes]

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 think that today is the day of the whole crypto correction. 

It is no question because you see that there are a lot of bloods in the streets of crypto.

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.

[ashmodeus]

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.

not all ,i joined to some telegram group, and there are some people who are stuck at high prices, some even at 55k, but they seem pretty sure what it's doing , because first, they got FOMO , what the funny about that ? they just withdrawal their btc from exchange to prevent cut loss 

[TheGreatPython]

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.

I don't think we can and should expect Bitcoin to dump ever again because these prices are although a touch over priced in my opinion but by no means are fake pumps or being controlled by anyone, instead this is the result of a lot of factors like paypal allowing Bitcoin purchase, Tesla buying btc and accepting it as means of payment for the cars, Saylor buying so many Bitcoins and a lot of other news.

Yes there might be some price plummeting soon but it should stop quickly and market will stabilize at a moderate price. One who invested at any price lower than 25k should not even think of panicking because I really doubt if that price is ever going to be touched.

[cryptomaniac_xxx]

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 think that today is the day of the whole crypto correction. 

It is no question because you see that there are a lot of bloods in the streets of crypto.

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.

That's they cycle of crypto market as well, when the price goes high, many newbies enter the market, so they got bitcoin in their wallet and very happy to see the price going up. But when the price completely plummet, they panic and then sold, those are called weak hands. However, as they gain experience, it's possible that they are going to mentally tough. And I agree that it won't go down, just a normal market correction in a bull market.

[FanEagle]

I believe by now you are already seeing the answer to your concern. Like you rightly said, it has been a great run for some of the crypto projects in the past few weeks even me that invested in a particular  project BNB to be precise since just last month January have had a good profit cos I bought in @ around $41 and ran with it till $300+ but as at the time of this post, BNB is trading around $196, that almost 50% pull back and I think this might still go down some more. I believe this is the correction with most cryptos from BTC BTC and will make an upside move again fingers crossed 

Honestly BNB is still above 200 dollars, at around 220 dollars right now but even under 200 that is fine, why? Because price of BNB came from 30 dollars to 300 dollars, that is a 10x increase, with just a 50% pull back you are making it more like 7x increase which is not bad at all, that is still a quite great one.

I feel like the best way to approach crypto right now would be to hold whatever you have and not buy if you do not hold any. That means if you have some, and sell right now, in case if this is a correction and price goes up you are going to lose a lot and that is not ideal, and if it is actually a crash and start of a huge bear run, you could always buy more and drop the average in the future anyway so that is a great deal. But if you are not in, there is no reason to get in right now, while it is so volatile, just wait for it to make a bigger move and stay there for a while before you decide.

[Snappycoco]

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.

[oHnK]

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 think that today is the day of the whole crypto correction.  

It is no question because you see that there are a lot of bloods in the streets of crypto.

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.

I don't think the same, btw I also bought it for 52k USD and until now I still hold my BTC. I cut loss on my other coins but it even added to the loss, at this time the price went up again above my selling price yesterday. I'm stupid hahaha. I saw the red day trend yesterday, only pause his breath in crypto before going to the moon again. I can't wait for it to hit its record highs again and hit my profit target.

[matchi2011]

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.

Yes, because of those mainstream reputable people who are now involve to this market, the bull run is now more solid than
what happened way back 2017.

With more big names in terms of financial institutions, the more solid that it will take. Investors and traders will bring more
money and create better investment venue.