correction or start of a bear market?

[ipanks]

Btc makes its new All Time High recently so currently correction of market is going on. We shouldn't be panic what others say. Stay optimistic sooner market will recover. Its good market is doing correction so we can expect some good move in the coming weeks even it's a good time to add more coins rather than afraid.

We can calm down, but other people can not do the same as us because some of them are buying bitcoin at a high price and not selling at the right time, making them hold their bitcoin now. Some of them already sell their bitcoin at a loss and they hope they can buy back bitcoin again at another low price. It is too unpredictable to enter the market but yes, I agree that we need to stay optimistic because this moment is just temporary. After all, the price will rise higher soon.

[bakasabo]

Btc makes its new All Time High recently so currently correction of market is going on. We shouldn't be panic what others say. Stay optimistic sooner market will recover. Its good market is doing correction so we can expect some good move in the coming weeks even it's a good time to add more coins rather than afraid.

We can calm down, but other people can not do the same as us because some of them are buying bitcoin at a high price and not selling at the right time, making them hold their bitcoin now. Some of them already sell their bitcoin at a loss and they hope they can buy back bitcoin again at another low price. It is too unpredictable to enter the market but yes, I agree that we need to stay optimistic because this moment is just temporary. After all, the price will rise higher soon.

These kind of people are just new to cryptocurrency. They will return back as soon as the price get back to +65K I think. Such things happens all the time.

I would say that we need to wait for a couple of days before making a decision if it is just a correction or market changed its trend. This is not the first time price get down so heavily. Luckily we have a resistance line at 58-59k. We the price bounces back again, we might be lucky to see another ATH this year. But in general, I think we would stay on 60k +/- level till the end of the year. We must gain a foothold before we start conquering another ATH.

[UDONNA]

Over the past months, Bitcoin has strengthened and reached its all-time high of $68k. Therefore, it is not surprising that the moment of correction should come someday. It is impossible to guess if this correction will turn into a bear market, because now the crypto market is significantly different from what it was in 2018.

I think we are just having a price correction at the moment, not literally that this will go beyond its bearish season. The last quarter of the year has always been bullish and if any price correction happens, its an opportunity to make the coins reach new ATH after the price correction. So we shoud not panic in times like this because this is definitely part of the cycle. We may see most of the coins dumping even bitcoin itself, but after this, they eventually recover again and can even end up into having new ATH.

I also assume that the real price decline is a normal correction, as the market's response to the recent ATH of Bitcoin. Hopefully, by the end of the year, we can still see significant increases in the prices of major altcoins. Then the moment of profit fixation will come.

[darmin]

Over the past months, Bitcoin has strengthened and reached its all-time high of $68k. Therefore, it is not surprising that the moment of correction should come someday. It is impossible to guess if this correction will turn into a bear market, because now the crypto market is significantly different from what it was in 2018.

I think we are just having a price correction at the moment, not literally that this will go beyond its bearish season. The last quarter of the year has always been bullish and if any price correction happens, its an opportunity to make the coins reach new ATH after the price correction. So we shoud not panic in times like this because this is definitely part of the cycle. We may see most of the coins dumping even bitcoin itself, but after this, they eventually recover again and can even end up into having new ATH.

I also assume that the real price decline is a normal correction, as the market's response to the recent ATH of Bitcoin. Hopefully, by the end of the year, we can still see significant increases in the prices of major altcoins. Then the moment of profit fixation will come.

I have a little doubt, here I see a cycle that the market will experience a bearish phase. My reference is from the movement of bitcoin since a decade. There is a year of situations like the current all coins reaching ATH both bitcoin, ethereum and many more. After that at the end of the year until the beginning of the following year the market experienced a severe bearish phase.

[bastian466]

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point. I am ready to face the coming bear market because what I am holding has been safely released, because my target has been achieved

[yhiaali3]

Certainly this is not the time for the Bear Market, the month of November always carries a loss for speculators, but we have to persevere more, I think that the time is right to buy and that the opportunities are renewed, we will certainly see at the end of this year a very strong rise for Bitcoin and Alt Coin so we have to persevere, it is true that Bitcoin It reached 68000$, but this is not the end of the cycle and it is expected to complete its way towards 80-100k$ despite the strong correction currently. This market is not for the weak hands because they are always the losers and whales are pressuring the market more and more to get the largest amount of Bitcoin, so you have to be patient and continue to stand firm .

[livingfree]

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point. I am ready to face the coming bear market because what I am holding has been safely released, because my target has been achieved

It's just a correction.

If it's a bear market then it won't just be 7% of loss in the market that shall be gone. But, it will be more than that and as usual, many will start to panic sell.

But it's not yet the bear and just let this correction happen and pass.

[Farma]

I also think that this is a correction. the push from the bear market is faster than the current decline. after all, the hallmark of a correction is that it occurs after a fairly rapid rise of bitcoin. however, I believe that the price will recover. right now the low I see on CMC is $58,515, and at the moment I believe the price will slowly recover to $62k or $63k.

[KaliLinux]

I also think that this is a correction. the push from the bear market is faster than the current decline. after all, the hallmark of a correction is that it occurs after a fairly rapid rise of bitcoin. however, I believe that the price will recover. right now the low I see on CMC is $58,515, and at the moment I believe the price will slowly recover to $62k or $63k.

I agree with you and it also looks like we are already on our way back up to that range. Bitcoin price is back to where it was back on the 06 Nov 2021 and it took about 4 days to go from about $60k to $68k+ on the 10 Nov 2021 before we had the correction. Let's just hope that it will be back uptrend for BTC before the holidays come in.   

[nimogsm]

This can be a correction, which we clearly see together what will happen in the future, it is necessary to be vigilant in trading and investing and must have a target point. I am ready to face the coming bear market because what I am holding has been safely released, because my target has been achieved

That's right, we need clear plans and goals, then corrections and falls will not be so terrible.It will not be possible to hope for eternal growth, because in one day the situation can change dramatically for the worse.I have already successfully sold many assets, those that were at high risk before the fall.And bitcoin will still show a good result)

[Baofeng]

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

Market is always been critical specially after coming from all time high->dip.

And that's what we are experiencing, the global crypto market cap is still down, meaning, investors are moving up, selling their coins and not investing.

What's important though, is that we didn't suffered a massive flash crash, price of some altcoins are way above, Ethereum for instance is still >$4k, BNB >$500, SOL >$200. So we are still somewhat in the middle, market is undecided. Hopefully, next week we will have a break out run to the upside.

[Quidat]

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

Market is always been critical specially after coming from all time high->dip.

And that's what we are experiencing, the global crypto market cap is still down, meaning, investors are moving up, selling their coins and not investing.

What's important though, is that we didn't suffered a massive flash crash, price of some altcoins are way above, Ethereum for instance is still >$4k, BNB >$500, SOL >$200. So we are still somewhat in the middle, market is undecided. Hopefully, next week we will have a break out run to the upside.

High volatility or simply unpredictable in the first place which is really a very common behavior or thing you would notice once you had stepped your foot into this market.This isnt something that you could really deal off easily or without any problems.Crash and bull runs could happen on least we do expect which means you would really be needing necessary steps and to be wise on getting some advantage
against with the market.

[kentrolla]

I also think that this is a correction. the push from the bear market is faster than the current decline. after all, the hallmark of a correction is that it occurs after a fairly rapid rise of bitcoin. however, I believe that the price will recover. right now the low I see on CMC is $58,515, and at the moment I believe the price will slowly recover to $62k or $63k.

I am aligned with your comment as even I think the market will recover and if bitcoin crosses $62K and stays about it during this weekend then we can expect further improvement in the price and as far as the bearish market is concerned I believe we may see it next year but it's wouldn't be worst and longer like the previous bear run since the market has evolved and it would be difficult to manipulate a huge margin this time.

[isaac_clarke22]

~

Well that is an "if only" scenario, but you already knew that altcoins tend to follow Bitcoin price movement quite a lot.

Bitcoin already beat its last ATH so that's another thing. Just keep holding, OP. If you were here since 2018, which I believe so since you registered here back in 2017, you should already had experience the lowest of Bitcoin and this whatever "red" marker are you talking about would be just nothing.

[Fivestar4everMVP]

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

It was never advised to sell during a red market in the first place, so to correct your last phrase, holding during a red market is not just the best decision but a must if one must not loose money,...

Speaking of the market, it is just China at it again, their fud always has a way of affecting the market but I believe it's just a matter of little time and the crypto space will out grow their constant fud.
I believe the market will recover again soon which I guess it's already doing at the time of me typing this, but anyways, let's see that happens moving forward.

[ZaraCB]

I think there is a correction in the market. Because for a long time the price of Bitcoin was almost fixed. The bleeding in the market has stopped and almost all the coins in the market are showing green signal. According to various experts, the bear market will start in Q2 of 2022.

[ven7net]

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

As for me, what is happening on the market right now is what happened before. By the end of this 2021, many, and I, too, expect a new bulrun, and many factors indicate this, but which one it will be difficult to guess, but most likely it should start already this month. If it happens, then at the beginning of the new 2022 we will see a drop in cryptocurrency prices and this will mean that everything is going according to plan and will show once again that the crypto market is cyclical. So for me personally, everything is clear and I just have to go with the flow. But as we know, sometimes surprises occur on the market, which means that you need to closely monitor the market and the events taking place on it. This will allow you to react in time to sudden changes.

[Jaered]

It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you

[TopT3ns]

Still correction almost two day and bitcoin keep down under $60,000, there are not any bad news like fud from China or United State but bitcoin price suddenly crash last two day from $65,000 become $58,000 last morning. When bitcoin suddenly dump almost altcoin crash more than 50% and need patient waiting for bitcoin recovery and altcoin back to higher price. Not any positive news to make bitcoin and altcoin faster take recovery to higher price.

[adzino]

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

Your friend probably read an article or news on the internet where they do the price prediction and told you the same. Those are all speculation. The crypto market is unpredictable. Just read what you wrote. It is all "ifs" and "maybes". The current crash is because of some FUDs being spread. And we needed this correction. Just zoom out a little and you will see how much we went up within few weeks. A little correction means is always healthy. Don't worrying a lot about the "correction" or the "bear market". Take advantage of the price dip and start investing.