Where the correction ?

[tabas]

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.

True that, for most people that invested around February 20/21 when Bitcoin hit its ATH would be felling the pinch but like you said, we heard about this major institutions investing in Bitcoin too and that I also believe will reduce the level of huge back pull like the one after 2017 ATH and again, it depends on what project you invested in because some will rebound quicker than most.

There will be a reduction in panic because if those institutions have bought a lot at the top, they'll just be patient and will wait for the rise again. It will never be gone in the market that there are new investors that can't take their emotions and will sell at losses. That's just sad but just like us, they'll learn from it.

[CarnagexD]

A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.

[AndySt]

A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.

What is the correction for you? The collapse of the exchange rate price three times, five times, ten times?! The price correction is already taking place and we hope that the situation that was a few years ago will not repeat. I am well aware that some levels of resistance to the fall of the stock price, but I would not be surprised if these levels go down if the price falls too much, because stock players are not required to buy at a certain level from panicked sellers.

[SirLancelot]

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.

Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

[fullhdpixel]

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.

Usually once the bull run ends there is a correction but you are right none of us know when it is going to happen. I am not too sure how correction works, but from what I understand, it goes like this. When the market is higher than where it should be, there will be a negative correction and when the market is below the expected value, there will be a positive correction.

I think there is also a possibility that correction already happened and the price will be settled around $50k for the next few months. Looking at the current market it gives me goosebumps because it feels like it was recent memory when BTC was trading at 10k and I wish I had bought more that time.

[Negotiation]

The market is not fixed in one place because no one can guess where the correction of the market is if the market goes up, it becomes positive and if it goes down it has a negative effect. You need to analyze the market to understand where the market is actually going and it is possible to make predictions if you know the updated information the market is competing and rising.

[Smartprofit]

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.

Currently, the price of Bitcoin is no longer rising.  From $ 58,000, Bitcoin's price dropped to $ 50,000. 

At around $ 50,000, bitcoins were distributed from old investors to new investors. 

Then the price dropped to $ 45,000.  Bitcoin price is currently below $ 45,000.  We see a downtrend.  The price of Bitcoin is slowly but inevitably falling.  Perhaps it will fall to $ 30,000 (this is a very large-scale price correction). 

Of course, we all want the price of Bitcoin to rise to $ 100,000.  However, it is possible that the $ 58,000 was a local high.

[ashmodeus]

Currently, the price of Bitcoin is no longer rising.  From $ 58,000, Bitcoin's price dropped to $ 50,000. 

At around $ 50,000, bitcoins were distributed from old investors to new investors. 

Then the price dropped to $ 45,000.  Bitcoin price is currently below $ 45,000.  We see a downtrend.  The price of Bitcoin is slowly but inevitably falling.  Perhaps it will fall to $ 30,000 (this is a very large-scale price correction). 

Of course, we all want the price of Bitcoin to rise to $ 100,000.  However, it is possible that the $ 58,000 was a local high.

so far , i still believe about the correction it's not will more low than Tesla price which it about 36.5-39k , when bitcoin under that price , i believe we will in the different scenario, instead of quick bounce , btc just move slowly until another sentiment come, the good thing of it, alt season begin.

[jaysabi]

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.

Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

People keep saying this like it's likely and it just isn't. You may look at bitcoin and think there's no way it's not going to $100k, but taking that as a given is such an extreme viewpoint. Companies aren't in business to gamble, and bitcoin is a speculative investment. Most businesses don't sit on mountains of cash, so (i) their inflation risk is limited and (ii) what cash they have they need it to maintain a stable value, not maybe it's up 10% or down 10% on any given day. There's is absolutely no question that the dollar is more stable than bitcoin, and that's why it's unlikely for businesses to adopt it as a reserve in any meaningful way.

[gatti]

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.

Think about top 100 companies in the world moving their reserve cash into bitcoin, can you imagine what that would look like? All companies that have cash in their bank account doing nothing or collecting like 1% interest rate, would be willing to put their money into bitcoin, we are talking about at least 100+ billion dollars here, and all those wall street companies like JP Morgans and Bank of Americas and many others like that add a crypto section to their investments as well? That is at least another 50+ billion combined.

We have moved so much with just 1.5 billion dollar addition, if we one day reach to the level I am talking about, it is simple impossible for bitcoin to be under 500k, it would really happen. Could this happen anytime soon? Not likely, it will definitely take a long time, but in a decade we could actually reach to that level so buying bitcoin right now could still be considered cheap.

People keep saying this like it's likely and it just isn't. You may look at bitcoin and think there's no way it's not going to $100k, but taking that as a given is such an extreme viewpoint. Companies aren't in business to gamble, and bitcoin is a speculative investment. Most businesses don't sit on mountains of cash, so (i) their inflation risk is limited and (ii) what cash they have they need it to maintain a stable value, not maybe it's up 10% or down 10% on any given day. There's is absolutely no question that the dollar is more stable than bitcoin, and that's why it's unlikely for businesses to adopt it as a reserve in any meaningful way.

Large investors who are put off by a weak dollar are flocking towards bitcoin, despite it lacking inherent fundamentals. Unlike gold, bitcoin is extremely volatile. I don’t think bitcoin can replace gold as an inflation hedge," he said.Another indicator that is flashing red is the bitcoin-gold ratio, which has risen from the levels of 1.1 to 15 in recent months. “Since both gold and bitcoin have finite supply, the bitcoin-gold ratio gives us a sense about which of the two is overvalued.

[AnonBitCoiner]

A correction will come around once the price resistance is apprehended. The price at this point is strong that's why no correction can come in. I'm not so sure what would trigger such resistance to fall off but if we were to learn from last 2017's ATH, it can be solved by simply cashing out your btcs and then buying the dip.

Actually the history repeats was a dominant phenomenon in this world.So it's essential one for us to learn about the past.Like wise the price of bitcoin had raised to the all time high of 19k$ in 2017.The same was repeated for now.But the difference is the price of bitcoin had raised to the value of 50k$ this time.

[Ozero]

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.

There is no need to rush. Everything has its time. Probably, most cryptocurrency holders still expect good growth in their coins and tokens and are in no hurry to sell them. Let's enjoy the bull market for now. Also, many are still looking forward to the altcoin season after Bitcoin peaks. There will still be a correction and a fall in prices, and one should not rush to this state of the market. I am still expecting further market growth for several months.

[goldade]

There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

[Sanitough]

There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

OP is looking for a major correction that will likely be a "market crash" scenario, just like after in the bull run in 2018, there's a long correction happened which we don't witness yet this time.

[AndySt]

By the way, there is nothing surprising in the fact of the correction itself, because in market conditions, growth cannot continue indefinitely. There is nothing wrong with the fact of a correction, because a healthy correction is better than a collapse in the exchange rate price. Of course, the correction is mandatory, but unfortunately there are no reliable benchmarks that could show when the correction goes into a collapse, and therefore everyone has to rely on their previous experience and their feelings. Everything can change in the course of an eye, but it seems that there are no prerequisites for a collapse yet. By the way, if now the market again can not gain a foothold in the area of 60 thousand dollars, then probably again a correction will follow in the area of 50 thousand dollars.

[kpierce77]

There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

For now the correction will probably only occur if there is a large movement like Tesla or other large holders. the rest will only be minor corrections due to the trend. cyclical market is definitely there, but in the case of bitcoin, I don't think the correction will reach a very low price level like 2 years ago

[emmybd]

I don't think it's a fake bull, unlike the one in 2017. This time around a lot of big investors and companies have started investing, so the situation has completely changed now. But, as far as crypto is concerned you can't be sure anything can happen anytime. Anyway, 20% correction can happen anytime, so you have to be ready for that.

[Matimtim]

Expect that something are going to happen in the future that what you need to do, but we cant exactly predict when the correction going to happen to make more profit on your part, that the real nature of crypto currency, instantly changing its price.

[Argoo]

There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

OP is looking for a major correction that will likely be a "market crash" scenario, just like after in the bull run in 2018, there's a long correction happened which we don't witness yet this time.

Nowadays, the correction in the cryptocurrency market happens quite often. However, it is not as deep and lengthy as some would like it to be. Now the reasons and conditions for the growth of the cryptocurrency market are very different from its growth in 2017-2018, so you should not expect the same price drop in the market as it was in 2018. Those who have sold their bitcoins and other cryptocurrencies at recent high prices and have made good profits may still lose out compared to those who still hold them. The market is still able to grow further.

[nicecrypto]

Expect that something are going to happen in the future that what you need to do, but we cant exactly predict when the correction going to happen to make more profit on your part, that the real nature of crypto currency, instantly changing its price.

If you have taken notice, I believe we have been having this corrections because if you check the market trand, you will most certainly see that Bitcoin and the other ALTs have been witnessing some number of this corrections though I don't think there might be one huge correction until when the Bear market is about to the stage, but for now it think it is only going to be all this small corrections that we will witnessing.