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Author Topic: small price correction after this bullrun  (Read 599 times)
veznata (OP)
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April 11, 2021, 05:39:32 PM
 #1

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?
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April 11, 2021, 06:41:14 PM
 #2

You would expect institutional buyers to have stronger hands but who knows. Bitcoin is much more established now so hopefully people don’t panic sell. Let’s face it, fiat currencies aren’t exactly enticing to dive back into.


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April 11, 2021, 06:56:53 PM
 #3

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 do not think that the institutional investors are going to let this opportunity slip , the opportunity I am talking about is about even the slightest correction. They will panic buy since now it's not just about making profits but rather it a symbol of a developing company itself, since now we have all the big IT companies investing in bitcoins, it's now going to be a very big contributor in determining the value of Company itself. If you are lucky to accumulate some , then do ! The price is just going higher and higher and the beer market has no leashes here. But all I know if we can make profit at any price since you can just hold for a longer amount of time. Therefore do not worry about slight changes in the price . Plus panic selling would happen no doubt but that also is an opportunity for people to buy more !

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April 11, 2021, 07:23:52 PM
 #4

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?
The huge money that was invested was when the price was less than 30 thousand dollars. These investors know what they are doing and when to do so, so they make profit when they want to buy and not sell.
Bitcoin will return to a 50% to 80% correction to ensure that it stabilizes the higher levels of the price.
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April 11, 2021, 07:40:56 PM
 #5

This scenario already exists due to the fact that many large institutions and companies have bought a large amount of Bitcoin, so they will not allow the typical correction to occur 70-90%, and it is likely that the correction will be in the range of 30-40% only, because the entrance of the big players to the market changed many of the rules of the game and does not Typical things can be expected to happen as they did in the past.
In short, we can say that many of the market rules have changed and it is not possible to predict what will happen in the following periods, and it is not possible to measure based on Bitcoin's historical path because many things have changed.

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April 11, 2021, 07:48:34 PM
 #6

Adopted does not mean that instituational investors do not want to sell their bitcoin. Bitcoin maybe a long term investment to this companies but it can also a short term investment to others. Therefore, if they decide to sell-off to take profit, it can take off the big bear run. Everything is capable to happen. That is why we have seen term like Blackswan or Recession.

So in order to avoid such catastrophe, try to manage your money well by splitting your capital to 2-3 parts and put them in other investment. Gold and stocks are all quality asset to concern. I have seen many stocks gain a strong momentum.





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BIT-BENDER
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April 11, 2021, 08:18:32 PM
 #7

I think there has been price corrections even in the bull run, but it wasn't to challenge the present bull run I don't know when the bull run will come to an end but I am predicting that the price correction won't make the price significantly go low, not until we see a terrible turn of fortune and enter a bear run market.

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April 11, 2021, 08:39:23 PM
 #8

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.
Everyone thinks that the market will ride a certain way but it is not that easy to determine how long the market will rally and what will be the bottom once the bear market starts. The investors you are talking about are here to make the profit and they will be having a set target in mind and once that is reached they will book their profit and till now i am expecting a good correction by the end of this year or next year. Even if the market did not correct 70% there is nothing much we can do, just move on and if you can plan on investing again for the next rally you will invest irrespective of the price.
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April 11, 2021, 08:53:38 PM
 #9

If you sell at "a top" with the view to buy back, then you must only sell an amount you're fine not buying back if you're wrong. Otherwise don't take chances and don't sell.

I agree that with institutional money now in, a very large drop is quite unlikely.
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April 11, 2021, 08:55:11 PM
 #10

I really don't mind about the price correction anytime because Bitcoin was built for long-term results. Prices are unpredictable these days and they can pump or dump without warning. There are so many corrections that were happened through the years. Believe me, BTC will rise again despite so many price correction events.

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April 11, 2021, 10:08:25 PM
 #11

You're right, OP

People expect a big correction but it could never come. Like when we had that correction from 60 to 40 thousand. This may be the new normal and we'll have another peak followed by a 40% correction and so on.

The only thing that makes me rethink your idea is the logarithmic band that Bitcoin follows. We aren't at it's peak yet, but if there are peaks there will be lows. We are going to hit a level people will see as rock bottom, but it won't be so. Just like 2018 was not the ultimate peak and 2019 was not the real bottom.
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April 11, 2021, 10:16:31 PM
 #12

"What goes up must come down"

In order for the market to remain healthy, there has to be an aggressive correction at one point, and I am sure it will happen. Institutions joining into the train does not mean they won't want to sell of Bitcoin at one point in order to make profits.

Institutions won't be HODLers like the early adopters who believed in Bitcoin and wanted it to live long. They are here to make money not to ensure that the network keeps alive for 100 years plus.

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April 11, 2021, 10:25:44 PM
 #13

If they can no longer buyback, they have an option to reinvest it to another crypto that they trust and think has a good future too. There are plenty of those only if they are that type of investor. But if they aren't, that's too bad for them if they're not going to buy back bitcoin.
Another option is to reinvest the cash they've took to another asset but no longer in crypto but in other traditional assets like real estate, bonds, stocks, gold, etc.

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April 11, 2021, 10:32:33 PM
 #14

But I believe that these institutional investors are already prepared for this to come. All of us are expecting this, Bullish season turns to bearish market, it happens in the past and therefore, we can surely experience this again and again. It seems the cycle continues but the problem is we never know when, that gonna be a puzzle.
But most of the time our expectations fail, the market keeps on growing, people also continue buying, and these huge changes come for me to think that if ever there is market correction it is not the same as what happens in the previous years. Where not possibly be going down hard.



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April 11, 2021, 10:38:22 PM
 #15

Thats the given scenario we usually experienced. When bitcoin price reach up like double to its previous price, one of the reasons is that institutional investors tend to buy more bitcoin. 70% or more corrections are hard to hit by now. And you have a point that those who are planning to sell their bitcoin at this current price will be hard for them to rebuy at the lowest price like the price before. But then there are tons of indicators that guides us to know which price  we should buy at the lower point.

On the other hand, other investors are waiting for that small corrections so they might buy again since bitcoin is showing massive bullish signs this year.
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April 11, 2021, 11:36:22 PM
 #16

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?

The bears of older times wouldn't be that worst when those predicted scenario tend to exist in future. Somehow, we still need to be more careful even though there's small chance, because if we're too confident losses and risk might fail us.
Always set a limit for your trades, and don't expect too much so it's better to keep a close monitoring on those asset that you're holding.
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April 12, 2021, 04:55:16 AM
Merited by paxmao (1)
 #17

in this case people who will sell will most likely not be able to buy back again.
Their money is not suddenly lost or worth nothing to not be able to buy back again! Anyone can buy back with a small loss even if their expectation of a "massive dump" never happens. Like a couple of years ago when newbies were expecting price to dump down to $1000 and sold their bitcoin at $3500ish, they could have simply bought back the moment $4k was broken at a small 14% loss.

In the case of next peak, if we reach the $400k-$500k ATH that is expected based on previous cycles, it would be a bubble and bubbles have no choice but to burst. But of course if price reaches $150k that is NOT a bubble and it is NOT going to dump big if dump at all.

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April 12, 2021, 05:34:55 AM
 #18

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 that most of the cryptocurrency traders have learned their lessons the hard way,so they won't fall again into the panic selling trap.Even if a small price correction occurs,most of the traders will just HODL.
A huge price crash will happen,only if there is some major government FUD attack or some institutional investor mass selling BTC.Those two events are highly unlikely to happen in the short term.
The "bears" aren't "punishing" anyone.They are just taking advantage of a decreasing price. Grin

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April 12, 2021, 01:46:07 PM
 #19

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.

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April 12, 2021, 02:09:07 PM
 #20

in this case people who will sell will most likely not be able to buy back again.
Their money is not suddenly lost or worth nothing to not be able to buy back again! Anyone can buy back with a small loss even if their expectation of a "massive dump" never happens. Like a couple of years ago when newbies were expecting price to dump down to $1000 and sold their bitcoin at $3500ish, they could have simply bought back the moment $4k was broken at a small 14% loss.

It would mean admitting their mistake, and more often than not people are so reluctant to do that. From my experience, people would rather lose money than admit they were wrong. But, of course this deconstructive behavior can't lead to anything good.

In the case of next peak, if we reach the $400k-$500k ATH that is expected based on previous cycles, it would be a bubble and bubbles have no choice but to burst. But of course if price reaches $150k that is NOT a bubble and it is NOT going to dump big if dump at all.

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. Smiley

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