Correction is coming

[Becky666]

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

Thanks for the information but where can i see the raw-infor or what principle rules adopted for this 50% downtrend of bitcoin?. Sometimes i believe people who speaks their mind, we saw what happened in few months ago and the rate at which the bitcoin market moved was so amazing that many insinuated that there will be a correction coming and here we are with the correction which is rightly needed at this junction.

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[LUCKMCFLY]

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.

This is exactly what they want you to do, sell ahroite for reasons of panic and be able to remove Bitcoins cheaper, these are market traps, totally valid, in addition to the news that is out there that is very bad that indicates that the bitcoin is like a meme, that is said by the main news networks worldwide, in fact, the price may fall a little more to seek that many continue to sell out of fear.

[Dave1]

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

Thanks for the information but where can i see the raw-infor or what principle rules adopted for this 50% downtrend of bitcoin?. Sometimes i believe people who speaks their mind, we saw what happened in few months ago and the rate at which the bitcoin market moved was so amazing that many insinuated that there will be a correction coming and here we are with the correction which is rightly needed at this junction.

It's pretty obvious by now that this is just a troll post, yes, bitcoin did goes down, but it's nowhere the 50% that the OP is projecting, just his supposedly "expert" opinion that majority of us contradict because it doesn't carry any weight as far as argument is concern.

On the contrary, bitcoin can recover from a correction as high as 50%, so 20% correction now, but the rebound almost doubled it, proving bitcoin's resiliency.

[Stalker22]

It's pretty obvious by now that this is just a troll post, yes, bitcoin did goes down, but it's nowhere the 50% that the OP is projecting, just his supposedly "expert" opinion that majority of us contradict because it doesn't carry any weight as far as argument is concern.

On the contrary, bitcoin can recover from a correction as high as 50%, so 20% correction now, but the rebound almost doubled it, proving bitcoin's resiliency.

Exactly. Even after a major correction, I'm still bullish. The market is far from peaking. Even when the bubble bursts, many people will take profits and the crypto market will start to settle down.

@OP, This is a good sign for the bitcoin price, and you should go long before that. I know you don't want to risk your money, and I respect that, but this is a great opportunity to build a powerful position.

[fadhilz123]

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

What you mean a few months?? Do you mean this correction will happen for over a month?? I'm not sure about that, You should put your analysis or your thread just be FUD

I will say that in March we will recover slowly. The reason is simply that a lot of whales still hold their Bitcoin

[STT]

For the moment the correction could be over, medium term is a different argument but Bitcoin can move alot in smaller time frames so its not something most will ignore.



Pushing past something of a regular down trend and also 12hr average which can be a fair show of positive momentum.     Watch 44200 to hold on 4hr bars for whether this was a qualified area to rise from or failed as we enter the main trading week.

[arufox]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

[Ziskinberg]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction might cause a market crash like we witnessed before but there's always a good news and that is when the market will start to recover.

Different situation will be witness for long term holders, but what is very important is the goal to sell as no one holds forever.

[Furious 7]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction might cause a market crash like we witnessed before but there's always a good news and that is when the market will start to recover.

Different situation will be witness for long term holders, but what is very important is the goal to sell as no one holds forever.

Stop-loss is only for the short term, you can say no more than 1 day so it can be used, but winning for the long term why is it necessary? Shouldn't we wait a little longer for the price to recover? Only a little correction happens a lot of this panic is making the market a little bumpy so I would still believe in the handle seeing the market continue to recover several times after experiencing a correction as well.
Ignore the rest of the news and we can look at some good references to keep cool with our holding.

[CryptopreneurBrainboss]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

Very easy to say then to execute, if actually you're doing what you wrote then keep it up as you'll be among the very few celebrates in the future celebrating the new highs while those that sold would be regretting. If you observe the industry closely you'll notice something new which are the institutional money investors pouring in more funds at every dip.

They know something that we don't and that has to revolves around positive development towards the currency. The only way you can play it safe is by following their strategy, buy more when the market dips and there's nothing wrong in securing profit when the opportunity presents itself as the market will always find a way to offer opportunity for rebuying.

[ReiMomo]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

There's no need to cut loss if your intention is to hold longer, anyone can do that as long as you believe on your holding and you'll never panic.
Correction might cause a market crash like we witnessed before but there's always a good news and that is when the market will start to recover.

Different situation will be witness for long term holders, but what is very important is the goal to sell as no one holds forever.

This is what exactly I have to say for those people that keep spreading FUD. There's no need to cut loss if your intention is to hold for how many years or in a long period of time. Just a matter of a short correction of bitcoin price and there's no need to panic in that way. A Correction will I guess is coming as what most predictions anticipated but we are still on a healthy stage of the market price.

However, bitcoin prices keep resists when at below $45k in the market and I guess many investors trying to grab the opportunity of investing in bitcoin while it cheap in the market compared to a couple of weeks passed.

[carlfebz2]

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

In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money

Very easy to say then to execute, if actually you're doing what you wrote then keep it up as you'll be among the very few celebrates in the future celebrating the new highs while those that sold would be regretting. If you observe the industry closely you'll notice something new which are the institutional money investors pouring in more funds at every dip.

They know something that we don't and that has to revolves around positive development towards the currency. The only way you can play it safe is by following their strategy, buy more when the market dips and there's nothing wrong in securing profit when the opportunity presents itself as the market will always find a way to offer opportunity for rebuying.

All matters with experience and this is why every person/trader/investor would really have their own calls when they do saw some opportunity.It is true that people do really say up some words easily but when you are

already on the actual situation then this is where story starts to change where hesitance and  doubts can really be felt in the time you dont know on whats going in specially in price dips or dumps.

Correction is always next on line and you will really generate lots of thoughts that if its the right time to buy or you should wait a little bit more to utilize the possible best entry point.

[GeorgeJohn]

I don't know while people always emphasising on not to keeping coin so long and keeping coins so long? while keeping coins at long period usually generate more profit than buying and selling of coins at instant, now using Bitcoin as a case study, people who purchased Bitcoin at initial stage which is in year 2009 and 2010 when the price of bitcoin was extremely affordable and hold till 2020 or 2010, do you know how much those people that kept their Bitcoin made by now, even though it's 1btc only, so calculate it the values of btc currently.

[fullhdpixel]

Stop-loss is only for the short term, you can say no more than 1 day so it can be used, but winning for the long term why is it necessary? Shouldn't we wait a little longer for the price to recover? Only a little correction happens a lot of this panic is making the market a little bumpy so I would still believe in the handle seeing the market continue to recover several times after experiencing a correction as well.
Ignore the rest of the news and we can look at some good references to keep cool with our holding.

I believe that stop loss is not a thing for long term investors anyway, it is something for traders and for traders it works like a perfect charm. Why? Because if your aim is to make money for a quick period of time, like maybe 10-30 minutes (as much as few hours but needs to be on the same day) you could definitely use stop loss and make a lot of money if you use stop-loss and not lose too much, because if you do not lose too much and earn normally (there is no cap on earning like stop loss) you could lose 1% but gain 5% so you will be in profit unless you face too many stop loss in a row.

Whereas if you are a long term investor, like let's say I am in it for a decade, my aim is to retire at 2030 with all the money I made from crypto, in that case I do not care about stop loss, why? Because I am not losing anything as long as I do not sell it neither.

[Oasisman]

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

Is this some attempt to create FUD while waiting for a good entry point?
Then, you should've supported this statement with analysis as to why you end up with that figure, with that you could've at least have a higher chance for people to believe you.
Don't get me wrong, I know corrections are always lurking around whenever Bitcoin had a bullrun, but 50% is way too much base on the current Bitcoin condition.
Bitcoin have corrected many times when it continuously hitting new heights, but then again 50% is way too much.

[Slow death]

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

for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult. for example look at the latest dump. the price as soon as it touched the support that is at $43,000 immediately increased up to the resistance that is at $50,000. this shows that it has a strong demand in the $43,000 zone and also has a strong selling pressure in the $50,000 zone upwards.

My opinion:

we will see the price fluctuate between $43000 to $58000 for many months, but we will no longer see the price below $29000

[bakasabo]

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

for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult.

Never seen in my life that something has a correction of "at least 50%". I dont know what should happen in cryptocurrency community for price go down so much. I've heard lots of people mentioning support levels. For sure, they will save from such drop, but would they save from panic sale?

Luckily, it is hard to start a panic sale right now. Recently Must tweeted that bitcoins price is rather high, which was followed by instant price drop for few thousands, but right now everything is recovered. As Tesla invested in bitcoin when it price was above $40k, I dont think they and other market player will let price to go lower than this level, for a long time.

[wheelz1200]

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

While you can be right what exactly is this based on.  Gut feel, technical analysis?  I dont see the point of starting an entire thread for this.  And if you believe there is a huge correction coming dump off, I wouldn't go and tell anyone else to based on zero background. 

[Wawa2013]

In my opinion, we don't need to sell the Bitcoin that we have today, because the price correction that is happening now doesn't seem to be going
down too deep. Because after a few days of being priced at $ 44k, now Bitcoin is starting to recover and going up to a price of $ 48k. This proves
that the correction that occurred is due to the volatile Bitcoin price movement, there will not be a massive dump in the near future. In fact I believe
Bitcoin will soon go back up to a price of $ 58k. So selling Bitcoin now is not a good idea, I would suggest holding Bitcoin for now.

[SquallLeonhart]

I don't know while people always emphasising on not to keeping coin so long and keeping coins so long? while keeping coins at long period usually generate more profit than buying and selling of coins at instant, now using Bitcoin as a case study, people who purchased Bitcoin at initial stage which is in year 2009 and 2010 when the price of bitcoin was extremely affordable and hold till 2020 or 2010, do you know how much those people that kept their Bitcoin made by now, even though it's 1btc only, so calculate it the values of btc currently.

The reality is that some people do not want to handle all those things that come with crypto trading and all those stress and everything else, we rather just buy and hold and not care about things, I want to have certain amount of money to not care about any profit at all for a while, I want to be basically profiting over long period of time and that means I do not care about it today.

Other people who keep trading care about it because they end up making a lot of changes and trades and so forth which is why I do not think that it suits me, we are talking about something much worse for me since I would have to care about it all the time. People who can care for that long could do it, people who can't care that long like me would just invest and that's it because that is simpler. It doesn't mean that one is right or the other is wrong, it is people's preference.