Correction is coming

[TravelMug]

^^ That's the usual route for most of us, specially those who didn't hold or at least didn't buy bitcoin at a cheap price. They will call from major crashes > 50%. But we have seen that it is not the case. Bitcoin has been in this kind of movement, 20%-30% down and then bounce back with a new all time high.

And every month we have this kind of trend, just like what we have seen in the last week of January and then reach $57k, new all time high in February. So I'm expecting the pattern to continue in March and surpass another all time high of around $60k-$70k.

We are still very much in the bullish cycle, and we sometimes need this kind of healthy correction to move forward months after months leading to a 6 digit mark before the end of the year.

[Sithara007]

Many of the users would have noticed that a correction is ongoing at the stock market as well. And for Bitcoin, a correction was expected after the steep rally. Also, next month we can expect even more, as it is the last month of the financial year. A large number of users will be selling their BTC, for getting favorable tax calculations. I won't be surprised if the exchange rates go below $40K in March.

[maydna]

Many of the users would have noticed that a correction is ongoing at the stock market as well. And for Bitcoin, a correction was expected after the steep rally. Also, next month we can expect even more, as it is the last month of the financial year. A large number of users will be selling their BTC, for getting favorable tax calculations. I won't be surprised if the exchange rates go below $40K in March.

Yes, it is. That is no surprise if we see the correction comes after it reaches the high price. But unfortunately, we don't know how deep the price will go down before, making many traders panic when the price is going lower than $50k. We see bitcoin price rise again and slowly reaching $50k, and I hope this week will be close by the increase of bitcoin price again. Perhaps, the price will go up and down from $50k-$40k and then back to $50k again. And possibly, that will happen many times. So we need to be careful from this month because we never know what will happen in the next month.

[rodskee]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

If we are looking for 50% drop , meaning we are not done yet ? Bitcoin fell down from 58,000$ to 45,000$ that's almost 22%  so what you are trying to tell here is that Bitcoin price will go back to 20k level first ? at least 28-29k before the another breaking of ATH will come.

Any Hints about this news ? or just an lucky speculation because you come to give a good advice that same day because the price start to fall down to 55k from the time of posting of this thread.

[LUCKMCFLY]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Corrections are inevitable, but there is nothing scary if you are here for the long game.

If you are right, I and I guess many other people will be able to buy again at lower prices. So again, nothing to be scared off

One of the biggest mistakes in the crypto world and in any existing market is to panic, I think that if it falls below 50% it does not matter, it is known that the price will recover again, what is difficult to determine is when it will happen.

If we take into account that many corporations and some famous people in the world are buying Bitcoin, they are not going to buy to lose, they buy to generate profits, the best investments and the vision of the future that they undoubtedly have in the market is unique, it should be noted They have very good financial advisers, that can be a great guarantee.

You are right.

The panic among FOMO and the lack of discipline are our biggest enemies in trading and crypto, but in life in general.

Always make investment decisions on a clear head and only with money you can afford to lose.

These people who keep letting their emotions when trading is what makes people lose there investments. The panic that they feel whenever some FUD has been created and fear that they'll lose their assets even with the big corporation and celebrities backing us.

Never let your emotions get to you when your trading and always be prepared when trading and investing as it may lead to downfall.

Also, it won't hurt to do a research before believing to random FUDs.

The main reason for the panic comes because of the news, many people allow themselves to be influenced, perhaps now the news is beginning to bear fruit in the commercial decisions of many. If people knew that whales never take the news into account unless it is a fundamental they would not have so many losses on their investments.

[maxreish]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

While it is normal that a certain market tends to have retrace and corrections are happening, it is still good to have a back up plan like converting hold coins into stable coins. Or sell first before it dumps and rebuy at the dip. This corrections actually gives us an opportunity to accumulate more coins.

It is not always bullish, bears are also waiting for the right moment to attack. Just like now.

[bakasabo]

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

[randegibran]

Will have second correction for bitcoin price again after last week bitcoin dump? I think not surely have second time for bitcoin correction before all time high because always have the way when bitcoin raise higher price still get chance back to lower price. Now bitcoin have fantastic way to be higher price and still the moment for bitcoin back later with lower price.

[menoiazei]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Jesus, what kind of horrible math and science are you using? Correction of 50%? Do you even know how to multiply? Perfect math and science has proven the coming correction for this year alone will be 70%+. The price will eventually go to zero as I've confirmed many, many times using proven, confirmed sources, unlike you.

Where is the science?

Where?!1 Science is a method, like proven math. If you know science, and how to do it with proven math, then you'll know that bitcoin is going to collapse soon (already started as you can see).

that is a proper scientific explanation that bitcoin is going to collapse lol

[Oasisman]

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~snip~

We have seen some sample of correction but other people do say that it is already the start of the bear market which the market did prove it wrong and do shows on how
unpredictable it is via looking at on the current condition on where it did able to recover in no time and for those who did risk on buying cheaper coins did really able
to benefit with that.We cant really just see a market that do rise up forever and there would always be a correction because it cant be considered healthy if movements
arent really normal at all or shall we say intensive pumps and dumps where we shouldnt really need to experience.

Well, that's what I always tell to the people who are worrisome to price corrections, as If they're considering this move as a sign of long term bear similar in 2018.
Every time Bitcoin or an alt goes up, It would eventually go down at some point which was called a correction, If it becomes worse then you call it bearish market. But, base on the current market condition, I don't think we're heading to a bear market. We might be seeing Bitcoin lossing more than $10,000 from its last ATH, but it's gradually recovering rather than falling down below the $40,000 level.

[Ridwan Fauzi]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Corrections are inevitable, but there is nothing scary if you are here for the long game.

If you are right, I and I guess many other people will be able to buy again at lower prices. So again, nothing to be scared off

That is true, especially for those who have intention for long term investment. You still have a comfortable feel if you are long term investor. You can compare, how many days bitcoin price and bitcoin price up in a few months before?

Seem like it just now bitcoin start to fall, also you can see the chart movement. Yeah, technical analyst is another way that you have to consider before you make a decision or judge the market movement. In higher time frame bitcoin still in the bullish market, take a look with the candle that will be formed in monthly candle, I guess there still a chance for its price going up again.

[El duderino_]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

Good to have another "EXPERT"

You have written your 2cents of BS, now please leave and save some FIAT in your accounts to rely on.

[Shasha80]

I see the correction that is happening in Bitcoin right now is not something to worry about, we know Bitcoin is very volatile. Because the price of
Bitcoin can go up suddenly, such as when it quickly reaches a price of $ 58k. And Bitcoin can also suddenly go down like it is today. So this is
a normal thing to happen, no need to panic and no need to sell the Bitcoin that we have. Because I am optimistic that this is only a temporary
correction, so my advice is to stay calm and still hold the Bitcoin that we have.

[Yamifoud]

It sounds like a newbie saying or someone who tries spreading FUDs. I don't know what you are thinking about, but you just tell people about negative issues to happen in Bitcoin without any proof. Look, people already know well about how the Bitcoin price to go. And much good news appeared currently, so why we must be panic?

Well, that he obviously in a panic after seeing his portfolio. The dump is actually unpredictable and all weak hands will badly worried about their losses if they never sell it.
OP is not spreading FUD's here but is just showing his feeling being a panic seller and that he gives some insight to other people who have the same faith. We can't be all in positive looks, the market will dump sooner or later, and we can stop it from coming even though we don't like it.

[STT]

Seems correction underway is already a reasonable premise.   We have a regular set of decline in daily bars though there is an element of rally every day its not rising as previously in character.   I think pullback to a lower price is a fair conclusion for the moment.



Last four days share a similar kind of support area so I always think its best to watch the trend most accurately through the lowest prices rather then peaks.   A bearish target for downside action would be about 40k and also near to 50 day average, that could be a good place to watch for a finale to negative action in this present phase.

[rodskee]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

At last, we are now started to panic after seeing the declining trend. And I expect more thread talking like this.

In which will favor us waiting , I have been looking for this trend month ago after taking out half of my funds.
Now that the downtrend comes it feels like a success to my part.

Anyways,
The dumps are inevitable and we can expect that. But what will happen when people are started to do panic selling, the more it drives the dumping sentiment faster. Well, I don't know if these people had to know what they are doing or they just want to catch the price before it falls hard.

Currently, at $49k and we are still in the bullish market.

It is normal for the panicking to happen because there are still rumors that Market will dump again down to 20k so each time they find a 5% dumping automatically they are reacting as if they are losing too much.

[darewaller]

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

There is no change in the direction you could be relax about that part. It is definitely correction because it is not going under 45k price that easily, and even if it does, up until 28k or so we are still in an easily recoverable phase, because it took us only like 10 days to go 50k+ from those levels, so it would once again take only 10 days to go back so it can't be considered a problem or a change in direction when it is only that small part away.

We could literally break a new all time high with a week of bull run, if tesla or apple or someone else declares that they are going to make another huge investment into bitcoin or their first one ever, the price could be 60k+ in under a week. So do not lose hope, sure there have been some red days in the past few days, but we also had green days for months now, nearly half a year, so we should feel fine about it just yet.

[Reatim]

I see that more and more often red days appear on the market. What is this really is? Correction or market is about to change its direction? Everything seems so unstable right now. One hour I see 1h changes are green, next hour they are red. In past years, in late winter and spring market used to change its direction. But this time it is sort of a pause on the market. On step forward, two steps back and one forward again. This continues already for two weeks...

There is no change in the direction you could be relax about that part. It is definitely correction because it is not going under 45k price that easily, and even if it does, up until 28k or so we are still in an easily recoverable phase, because it took us only like 10 days to go 50k+ from those levels, so it would once again take only 10 days to go back so it can't be considered a problem or a change in direction when it is only that small part away.

The lowest recorded price this week is 44,000$ meaning yes it fell down bellow 45k
But coming down to 28k (like what happen last january ) seems like not going to happen now.
The strong hold at 44-45k is indeed enough for assuring us about the health of the Bitcoin support.

We could literally break a new all time high with a week of bull run, if tesla or apple or someone else declares that they are going to make another huge investment into bitcoin or their first one ever, the price could be 60k+ in under a week. So do not lose hope, sure there have been some red days in the past few days, but we also had green days for months now, nearly half a year, so we should feel fine about it just yet.

We already have enough investors now , the only problem is that those who wants to manipulate the market are not having fun of the situation as they cannot bag more money like what they did last 2017-2018 .

[JohnBitCo]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

If we sell our bitcoins, do you know who will buy them ? The whales and institutions are ready to buy all our bitcoins. And later we will have to buy back them more expensive. The best thing to do in the correction period is to stop looking at the portfolio and wait for the correction to be over. Remember never sell and short in a bull market.

[bitgolden]

Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

At last, we are now started to panic after seeing the declining trend. And I expect more thread talking like this.

In which will favor us waiting , I have been looking for this trend month ago after taking out half of my funds.
Now that the downtrend comes it feels like a success to my part.

You might feel yourself lucky right now that it is dropped, but you are lucky for now, you have to find a situation where you end up getting back in at the right time as well or you will be in a big trouble. I am not out, I got in under 10k and I am not going to end up selling anytime soon neither I am going to keep investing into crypto more and more as well, the more it drops the more I will buy and the more it increases the more I will buy as well, I am not going to stop buying, why? Because I am doing fine right now and I am not feeling like I am going to change that any time soon neither.

You are not going to be in trouble as long as it doesn't go up, but as soon as you see bitcoin at 60k+ that means you sold too early and while people who bought from you will start to make profit as well. That is why you should be making sure that you get in at the right price.