small price correction after this bullrun

[pooya87]

I personally was expecting a correction when we reached $30k+, so now, knowing how wrong I can be, I'd rather agree with you regarding $150k.

Well the important thing to remember is the difference between a correction and a crash (or bubble burst).
A correction is small in size and in bitcoin world it it usually between 10 to 20% but it can go as high as 30% verging on being a crash.
A bubble burst on the other hand is massive in size and the duration of it is also very big. So far the bubble burst sizes has been around 80% and the duration is at least a year of bear market.

If you were expecting a correction after reaching $30k we did have it when price reached $34800 and dumped down to $27700 (a 20% correction) but the duration of it was short (about 3 days).
We didn't see any prolonged correction (that usually take 2 weeks to a month) because price was stuck below $20k for a very long time and the initial rise was accompanied by a massive FOMO.
We are in a similar situation right now too, price has been stuck in $50k range for nearly 2 months now and it is getting ready for another massive FOMO breakout.

[Leviathan.007]

Now after seeing bitcoin at a new ATH people can the price didn't fall and it was only a little correction which was really normal because the price had to save some more potential to reach the new price levels. As I can see this bull run is going to keep it going and prices like 70-50K is not really far. The interesting thing is now after a few weeks when the price is going to do another correction some people will again start panic and saying the price is going to fall, they don't understand the market is going to give them discount and thy have to use the opportunity. 

[Innerpumper]

all scnario could have happened, But I think bitcoin had not reached 150k before the correction and became a light bear. I don't know if bitcoin can reach 6 digits within the next 5 years. But all the rich people started paying attention to it.

[jjdub7]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Personally, I think the same is that with the growing interest of institutions and the large capital they are pouring into Bitcoin and the crypto world, small investors will have less and less opportunity to buy Bitcoins because they will not be able to afford it.

[Lanatsa]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Personally, I think the same is that with the growing interest of institutions and the large capital they are pouring into Bitcoin and the crypto world, small investors will have less and less opportunity to buy Bitcoins because they will not be able to afford it.

Not able to afford it?

No doubt that its already expensive but doesn't mean that you would really need to buy bitcoin as a whole.We can always consider on buying a little fraction of it.

The thing we cant deny nor ignore that those big companies or institutions does have much more buying power because of financial capacity which its part of the reality where
there are small and big time investors.

Somehow even placed on lower tiers doesn't mean that you cant benefit out market movement situations.

[TravelMug]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Then don't sell, look for the long term scenario, yes we might hit $300k max, but we can go even higher let's say in the next halving. So for those who are thinking of selling, then you have to calibrate your goals if we ever reach 6 digits.

Not a good time to be a bear, specially that bitcoin's narrative has changed. Now we have institutions and then huge companies hedging bitcoin in their balance sheet. It's us retail that should take advantage of it and again, we should be looking for the future.

[yazher]

Not all the time the price of the bitcoin comes up to the peak sometimes we experience having a bought and this happens when the price of the bitcoin hype again to the top. I don't think if people today will lose their Bitcoin immediately and as we see there is a lot of speculation about the Bitcoin price.
Some say bitcoin will reach 80k.. Some say 100k++ and someone says it can exceed more than this so a strong hand will get the profit in the end. Now we can't see any bad news about bitcoin and it's a good sign for another bull run.

So far the price is going strong and those holders are surely looking at the market carefully especially those who don't have a plan for long-term investments. They might be just one step away to sold their bitcoins because of the situation they will about to witness. Because when those big-time investors start to sell their bitcoins simultaneously, it will be like beads on a rope. When the rope is cut, they fall out one after another. What I mean by this is when the price started to fell off, it will be like a landslide.

[Rehan Zakir]

Yes! You are  saying right. Price pumps after a small correction. But overall market trend is bullish that is why Bitcoin price hits ATH 64000$. But everyone is  saying that a major correction is very near. So, I am always ready that anytime this correction comes that starts the bearish trend. And after a major correction Bitcoin again pumps.

[rodskee]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

70-90% correction ? Lol are you kidding ? since when that Correction comes down to that level?
yeah there is correction surely to follow but not that exaggeration .

If you are pointing to what happened last year, or even in 2018 , those are not totally correction but "Manipulation"

things that won't happen now because Investors these days are legit , not like the early whales that manipulates and Bag money , now we had Real User and now just buying and selling agenda .

[kopijos]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

I think the BTC correction will still be offset by an increase, even though your estimation is that when BTC has a high increase and the fear of a large dump will definitely make BTC pump again. Due to the nature of BTC in the market, the pump and dump will always occur at any time and the cycle is bound to happen

[LogitechMouse]

let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again.

So you are saying that Bitcoin will just go up and up and up?? I don't think that it will happen at all.
We know that markets are moving in cycles and so is crypto market. 6 digit price of Bitcoin might happen or might not but one thing is for sure, there will be a time that investors, institutions and other holders will take profit causing the market to go down. Corrections in markets are always happening and crypto market isn't an exception. What we just need right now is patience. Patience to wait when will be this huge correction will happen.

due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Maybe we might say that institutions might cause the market to fall down but not as much as it is last 2017 but it the opposite of it might happen too. Adoption and Institutions might cause the market to fall down by not that much but at least we will see a huge correction in the future .

[nicecrypto]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

This could be possible but most of the investors that would be selling then will definitely be doing so on their profits earned that is, their initial invested capital most have been made over and all remaining trading capital would have been profits so, even when this happens, they can continue to consider what ever comes in also as profits even if the price of Bitcoin didn't correct as much as investors would have wanted based on the kind of investors in the current market cycle.

[Ausgewielt]

The bitcoin market become more unpredictable, those institutions who get involved in bitcoin investment are consist of many smart and strategic people. They have big amount of fund to influence the market, I think the best way for me is by following the trend and become more aware of news and fluctuations price. Atleast they positive sentiments to bitcoin market, it means the future of bitcoin holders is brighter.

[Betwrong]

I personally was expecting a correction when we reached $30k+, so now, knowing how wrong I can be, I'd rather agree with you regarding $150k.

Well the important thing to remember is the difference between a correction and a crash (or bubble burst).
A correction is small in size and in bitcoin world it it usually between 10 to 20% but it can go as high as 30% verging on being a crash.

I was expecting something like this, to be honest. And I thought it could take weeks for going up again, not just 3 days.

A bubble burst on the other hand is massive in size and the duration of it is also very big. So far the bubble burst sizes has been around 80% and the duration is at least a year of bear market.

If you were expecting a correction after reaching $30k we did have it when price reached $34800 and dumped down to $27700 (a 20% correction) but the duration of it was short (about 3 days).
We didn't see any prolonged correction (that usually take 2 weeks to a month) because price was stuck below $20k for a very long time and the initial rise was accompanied by a massive FOMO.
We are in a similar situation right now too, price has been stuck in $50k range for nearly 2 months now and it is getting ready for another massive FOMO breakout.

OMG, you were so right! Look at where we are today, we hit a new ATH. I really start thinking that your words, "if price reaches $150k that is NOT a bubble and it is NOT going to dump big if dump at all." can turn out to be  true. In any case, it was an amazing analysis.

[bitterguy28]

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max  but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

But that's 70-90 % correction is exage mate .

i Think we can see at least maximum of 30% decrease in price after the Maximum value reached this year.

all scnario could have happened, But I think bitcoin had not reached 150k before the correction and became a light bear. I don't know if bitcoin can reach 6 digits within the next 5 years. But all the rich people started paying attention to it.

You don't believe reaching even 100k in the next 5 years? then you should get out of Bitcointalk because you don't even trust How Bitcoin can manage to reached sooner.

[bosede1]

If this happens I think there will be a way around it but like you said whoever sells the coin at that time must think twice and decide if you will wait for the dump to buy another or your portfolio is reduced if we think of the only negative effect of the institution joining then that will not be really good.

[Dannaey]

I have a feeling that Bitcoin won't be able to dump again below $40,000. With big companies are now in crypto, I doubt they will just sell off their position just to take a quick profit. For sure they are expecting just like what we are expecting that probably before end of this year we will celebrate big time as Bitcoin will most likely to hit $300,000 to $400,000 or more.

You are right, a small correction will be between $40,000 to $70,000. Let's be positive and just go with the flow.

[Mahdirakib]

I personally was expecting a correction when we reached $30k+, so now, knowing how wrong I can be, I'd rather agree with you regarding $150k.

~snip~
If you were expecting a correction after reaching $30k we did have it when price reached $34800 and dumped down to $27700 (a 20% correction) but the duration of it was short (about 3 days).
We didn't see any prolonged correction (that usually take 2 weeks to a month)  ~

After crossing $30k level bitcoin reached above $40k within a short time (on 7th January). And the price dropped below $30k again at January 22nd. But the price didn't drop continuously, there was too much volatility in between. Though it was a two week cycle and the price change was almost 40%. Which spread a little fear among some holder. But most of the big whales and institutional investors didn't take any panic move. They bought more and more at that time. Finally it showed strong upward rally again at the end of the month.

So I think that there is less chance of happening a bigger and prolong bubble burst like before. Institutional investor wants to grab more btc because bitcoin have limited supply. And everyone realized the importance of it. Maybe this price cycle will repeat, a massive FOMO then a small short term correction, after that a long stability and finally another price rally.

[Ridwan Fauzi]

You thought like because bitcoin is in a bull run market when everything about correction is small and the chance for bitcoin price up is so confident. But, the market sentiment is not like that, the instutional investor also will be worried when bitcoin is trying to correction. They will not be careless for buy orders at some low price, they will still think about market sentiment as well.

Moreover, in the history bitcoin has met a huge correction after the bull run season. Do you think all bitcoin investor either new investor or old investor didn't think to there? I guess they will be considered it when the correction is happening. So, don't think too much, we still have a chance to having bitcoin although it is price is already high. Bitcoin is not for rich man or instutional investor because we as a retail investor still have a chance to having it.

[AakZaki]

I have a feeling that Bitcoin won't be able to dump again below $40,000. With big companies are now in crypto, I doubt they will just sell off their position just to take a quick profit. For sure they are expecting just like what we are expecting that probably before end of this year we will celebrate big time as Bitcoin will most likely to hit $300,000 to $400,000 or more.

You are right, a small correction will be between $40,000 to $70,000. Let's be positive and just go with the flow.

$ 40,000 is a pretty deep correction price if bitcoin's current price is $ 60k. Some large companies like Tesla and other companies do invest in bitcoin. they will of course defend the price they buy. they will try to keep what they have got. Bitcoin is currently continuing to rise and many predictions say bitcoin will be able to reach the rage price of $ 100k. Hopefully it can come true. everyone expected it.