correction or start of a bear market?

[Botnake]

Obviously, it's just a correction as bitcoin is slowly recovering now, it dumped at $55k and now it's already trading at $59k, when it continues to $60k, then it's a good sign that it will stay at that level and will try to break again the walls for a new ATH.

The bear market has not come yet, sometimes we are just shocked or worried when we see a huge dump, but that's actually a normal thing since high volatility is still here.

Right. We are still in a correction phase, and anything could happen making bitcoin even dumps lower than $50k but after that, bitcoin will be seen recovering again. But for altcoins who have less potentials to survive, maybe they will no longer recover again. But the good thing about having a correction, it will create a strong support for bitcoin and other major altcoins to reach new ATH right after the correction is over. So we'll just wait for that so we can see new all time highs before 2021 ends.

[Kasabus]

I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.

It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022

Bearish season will mostly come after december so if it will still be the trend for this year, so there's no need to doubt either we are still in a correction or we are entering already the bear season.

For me, all i can say is that we are still in a correction at the moment so this is a good time to buy bitcoin and other good altcoins that have been dumping too so we can ride the bull run and enjoy the profits right after this. This correction even brings another opportunity to create a higher ATH for these solid coins as the price support will become stronger this time.

[StarKay]

Long term hodlers are not afraid of bear market especially those that believe in the project they invested, it's usually the traders that do press the panic button and can turn a simple correction into a bearish market.
If traders trend are bullish then there is no cause for concern otherwise you're welcome to the end of the most bullish run crypto has ever seen in years.

[slaman29]

I honestly don't know why some people are labeling this as a deep or violent correction when ETH and BTC have actually only lost something like 20% in a week. That's not small but it's not terrible. Anyone who's been in crypto knows 40 and 50% in even a day is possible and that's what I'd call deep or violent.

This is more just profittaking.

[wxa7115]

In the worst case, the market prices can decline down to 4 digits but it is highly unlikely gonna happen. The total marketcap can go down if the institutional organizations gonna withdraw their financial assets. The BTC dominance ratio will help us to find perfect price points for altcoins soon.

That would be highly unlikely, most likely a price below 10k is gone forever, now some may think about this as a real possibility because if the price crashed as hard as it did back in 2017 from the current ATH we could reach a level close to that.

However taking into account the price has not risen in such a meteoric fashion then it is unlikely the crash is going to be as harsh, and this is even more true if we take into account institutional investors, after all they could lose a fortune with a price that low, so if the price was crashing they will probably intervene and buy bitcoin to try to stop the drop in the price.

[Beparanf]

I honestly don't know why some people are labeling this as a deep or violent correction when ETH and BTC have actually only lost something like 20% in a week. That's not small but it's not terrible. Anyone who's been in crypto knows 40 and 50% in even a day is possible and that's what I'd call deep or violent.

This is more just profittaking.

There are still many newbies now who always aim for continuous growth. Those who’d experience the 2017 pump and dump will not be easily swayed now whenever the price dump since the percentage of decline before is way higher that causes many projects not to survive or recover. Correction these days is normal since the price is indeed high and these way others can sell and others were getting their profit. Unlike before that I fear whenever the price decline at 20% or higher now I don’t usually notice it and just keep trading.

[slaman29]

This is more just profittaking.

There are still many newbies now who always aim for continuous growth. Those who’d experience the 2017 pump and dump will not be easily swayed now whenever the price dump since the percentage of decline before is way higher that causes many projects not to survive or recover. Correction these days is normal since the price is indeed high and these way others can sell and others were getting their profit. Unlike before that I fear whenever the price decline at 20% or higher now I don’t usually notice it and just keep trading.

No I wouldn't say it's just newbies. There are legendaries and people I've seen for years who keep falling for the same hype trap year after year, trying to trade and making a few points of profit only to lose it all in the next hype. All of this fear when Bitcoin drops like this, keeps working on them, so they drop everything and fail to buy on dips, and fail therefore to be in a position to take true profits at the good high.

Newbies have an excuse at least lol.

[kidbounty]

I honestly don't know why some people are labeling this as a deep or violent correction when ETH and BTC have actually only lost something like 20% in a week. That's not small but it's not terrible. Anyone who's been in crypto knows 40 and 50% in even a day is possible and that's what I'd call deep or violent.

This is more just profittaking.

but for me 10-20% is deep enough just for a correction to happen in just a few days. more than that means the market is not doing well and it can't be called a correction. rather than being called profit taking, it looks like panic selling is an apt description of it.

and for me for now the market looks just a correction. but if it drops more than this, maybe traders will start panic selling.

[slaman29]

This is more just profittaking.

but for me 10-20% is deep enough just for a correction to happen in just a few days. more than that means the market is not doing well and it can't be called a correction. rather than being called profit taking, it looks like panic selling is an apt description of it.

and for me for now the market looks just a correction. but if it drops more than this, maybe traders will start panic selling.

Sure it's not a small percentage but it's not a crisis like a lot of people are calling it, man, that's all I'm saying. I mean all this acting like it's a disaster and pretending bitcoin isn't volatile, that's just being dramatic.

Either way, you calling it correction and me calling it profittaking doesn't make the situation change, it's definitely still struggling below #60k lol

Long live the hodlers!

[indah rezqi]

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

[adiebitsler]

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

It is likely that it will be like that because when the correction looks very deep in the cryptocurrency market, then the amount of increase that will occur after the correction will also be very large, both at the end of this year and at the beginning of next year.

[carlisle1]

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

We need to be optimistic if we do have good amount of investment, it's true that this past months the market still showing good bounce back

each time correction take place, as of this moment we are in a bad condition  we don't know if how long it will take, some say that it's just a short one while others are seeing this as good chance to buy and store.

Whatever you think or believe just stay optimistic everything will be fine

[Ngewex Yuk]

I think it's just a little correction, I'm sure the market will continue to grow so that this year it will reach new ATH big coins like bitcoin, Binance, Ethereum and so on, don't panic when there is a correction, successful investors will make price corrections like now an opportunity to buy a lot because can get a lower price.

[Maslate]

I think it's just a little correction, I'm sure the market will continue to grow so that this year it will reach new ATH big coins like bitcoin, Binance, Ethereum and so on, don't panic when there is a correction, successful investors will make price corrections like now an opportunity to buy a lot because can get a lower price.

We will see by the end of the month, if the market is still not bullish, then most likely a bear season is coming. Although it's too early to think of that, at least we should be ready for that possibility as the bear market happens in the past and it could also happen in the future, meaning, it's part of the market cycle.

[kojektea]

When viewed from the previous history the cryptocurreny market always fell at the beginning of the year. I'm sure, in early 2022 we will have a pretty big correction. However, if the crypto trend is strong. The bear market won't be long. Usually Q3 is the time we come back well until Q4 returns ath. Correction in the cryptocurrency market is a natural and mandatory to make the cryptocurrency grow healthily. Without price manipulation.

[aseprebel]

When viewed from the previous history the cryptocurreny market always fell at the beginning of the year. I'm sure, in early 2022 we will have a pretty big correction. However, if the crypto trend is strong. The bear market won't be long. Usually Q3 is the time we come back well until Q4 returns ath. Correction in the cryptocurrency market is a natural and mandatory to make the cryptocurrency grow healthily. Without price manipulation.

We've all seen the Bitcoin market hit some new all-time highs, regulatory talk with the potential to have a major impact on the industry, and more institutional buying from big companies. Meanwhile, people's interest in crypto has skyrocketed this year, in November set another new all-time high price when it went over $68,000 This volatility is a big part of why experts recommend keeping your crypto investments, so I think this is just a price correction because there are no signs of a price reversal.

[Cling18]

I don't think this correction period is something to be afraid of. The market needs this kind of correction for balancing and based on what I've observed for years, the end of the year is usually the bearish season. There are lots of events that affect the current market situation but instead of panicking, it would be better to take it as an opportunity to buy and accumulate more.

[Pejoh Asu]

These few days the market is corrected deeply and what many experts analyze is that the market will skyrocket and in november will reach new ATH $75k now have to be patient, i believe this is just a correction and the market will be green soon before december and now is the best time to buy altcoins like Shiba Inu and IOTA.

[TheGreatPython]

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

We need to be optimistic if we do have good amount of investment, it's true that this past months the market still showing good bounce back

each time correction take place, as of this moment we are in a bad condition  we don't know if how long it will take, some say that it's just a short one while others are seeing this as good chance to buy and store.

Whatever you think or believe just stay optimistic everything will be fine

We do not even have to be optimistic too much. There are two options in my mind that could possibly happen; either we are going to have a recovery and this was just a correction, or we are going to have a huge crash but then we are going to recover from that as well anyway. So whatever happens, in my mind I know that we are going to recover from it and that's fine. This is why I do not worry about what's going on in short term, it happens to be a bad week? Who cares, as long as years look great then I am feeling great.

I know that many people want to trade in very short terms and those people are upset that we didn't had any decent situation at hand, but that doesn't mean that we are going to end up with a bad price for a very long time so they should be patient about it as well. As long as you could wait, you are going to profit in the crypto world.

[indah rezqi]

We can only follow market developments. The market is currently in a bad or red condition but we have to believe that the market correction that has occurred several times this year will recover. It could be true what is said that the end of this year will be decisive to enter next year. I am sure that next year the market especially for big coins like Bitcoin, Ethereum and BNB will be good.

It is likely that it will be like that because when the correction looks very deep in the cryptocurrency market, then the amount of increase that will occur after the correction will also be very large, both at the end of this year and at the beginning of next year.

Not necessarily also as you said that there will be a big increase after the market correction recovered. For me, the process so that the correction situation can be completed quickly is sufficient and currently the market is looking good. Coins like Bitcoin are already close to hitting $60K with an increase of 3.62 in 24 hours.