Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Quantum X on November 18, 2020, 07:13:47 PM

Title: Are you ready to undergo painful correction?
Post by: Quantum X on November 18, 2020, 07:13:47 PM
Many are waiting for the time that bitcoin will move back to its last ATH. Yet there are others or maybe more than I expected, are longing to see bitcoin with a six digit of value we can even read topics like this here in our forum. Here are the two of them:

A topic started by Muneeb22
https://www.altcoinstalks.com/index.php?topic=143424.0
A topic started by Bradsow
https://www.altcoinstalks.com/index.php?topic=179221.0

There is nothing wrong being a believer in such speculation since everyone is free to do that and all wants it including me because I'm still hoping that it might be chance for some of my altcoins.lol

Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?
Quote
Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”
Source:Bitcoin.com

Title: Re: Are you ready to undergo painful correction?
Post by: hair on November 19, 2020, 09:16:49 AM
All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens
Title: Re: Are you ready to undergo painful correction?
Post by: trauchot on November 19, 2020, 01:55:00 PM
Therefore, you need to always approach investments wisely, because today you can invest in bitcoin, and tomorrow bitcoin price will fall by 50% and you will not know what to do, so you should always invest money that you will not mind losing and of course you need to choose the right time to invest in bitcoin and at the moment it is better to wait for the correction and only then invest in bitcoin.
Title: Re: Are you ready to undergo painful correction?
Post by: bayiajaib on November 19, 2020, 02:33:25 PM
All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens

I agree with your opinion mate, Bitcoin price is unpredictable. So, we can hold or sell when the condition is not good. Bitcoin is still the king of crypto currency, I still believe bitcoin will increase every week. Good luck.
Title: Re: Are you ready to undergo painful correction?
Post by: Gubre on November 19, 2020, 03:51:26 PM
Therefore, you need to always approach investments wisely, because today you can invest in bitcoin, and tomorrow bitcoin price will fall by 50% and you will not know what to do, so you should always invest money that you will not mind losing and of course you need to choose the right time to invest in bitcoin and at the moment it is better to wait for the correction and only then invest in bitcoin.
I agree. You have to know how much you can take the risk and in the first place if someone does not understand the manner of bitcoin he should have to stop holding bitcoin while the price is not yet losing down to -50percent of his investment since he could possibly be in great trouble of his fund.
Title: Re: Are you ready to undergo painful correction?
Post by: jakasantosa on November 19, 2020, 05:07:20 PM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.
Title: Re: Are you ready to undergo painful correction?
Post by: Carbitcoin on November 19, 2020, 08:09:11 PM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.
I believe that Bitcoin should be perceived as a more reliable asset, which will have a stable rate so that users can use bitcoin as a storage. Perhaps the time has come for this. There is no point in panicking and expecting a repeat of 2017, since the external and internal indicators of the cryptocurrency market indicate real growth prospects. In any case, a minor correction will occur, since some will sell in a panic, it will not be worn on a mass scale.
Title: Re: Are you ready to undergo painful correction?
Post by: I-Bit on November 19, 2020, 11:08:22 PM
It is  a very common condition that after the increasing price, there will be always market correction in order to jump to the next increase or even to the dump market. Well, I personally must be and have been ready for that market correction because it is usual and as the risk of being in crypto. What we need to do is never being panic of the market condition.
Title: Re: Are you ready to undergo painful correction?
Post by: Prime on November 19, 2020, 11:46:29 PM
We should be ready whenever the correction to happen. There are no other big moves if there is no correction. The price of crypto coins needs a correction before it jumps more. It is normal and happens many times, so don't worry if there is a correction after a bullish day. We can face it, be brave, mate.
Title: Re: Are you ready to undergo painful correction?
Post by: ayatoslaw on November 20, 2020, 01:30:50 AM
Corrections will always occur, the higher bitcoin price rises the deepere bitcoin price will be when it correction, this is a trading law that you can't avoid.
Therefore you must know the trends that are happening before entering the market.
Title: Re: Are you ready to undergo painful correction?
Post by: EthereumDev_ on November 20, 2020, 05:15:38 AM
I think the price correction or the collapse of the bitcoin price is still taking a long time because it usually occurs at the beginning of the year so there is still a good time to be able to get a lot of profit from the price movement, keep buying bitcoin as much as we can to get a lot of profit.
Title: Re: Are you ready to undergo painful correction?
Post by: The Legend on November 20, 2020, 05:26:03 AM
Correction is always joyful to me. It is the best opportunity to re enter in the show again, some of my friends use this technique and book a huge profit something around 3-5k. And without a proper correction bitcoin can't push to 20k  ;)
Title: Re: Are you ready to undergo painful correction?
Post by: lepbagong on November 20, 2020, 06:32:41 AM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.
I believe that Bitcoin should be perceived as a more reliable asset, which will have a stable rate so that users can use bitcoin as a storage. Perhaps the time has come for this. There is no point in panicking and expecting a repeat of 2017, since the external and internal indicators of the cryptocurrency market indicate real growth prospects. In any case, a minor correction will occur, since some will sell in a panic, it will not be worn on a mass scale.

Everyone can make the mistake of feeling panic and insecure, that bitcoin is very reliable. You shouldn't be afraid that there is a correction for a decline, because it is only a temporary nature because next year is the time for bitcoin to establish itself to be stronger than in 2017. Halving effects are felt and will create an increase and don't waste this opportunity.
Title: Re: Are you ready to undergo painful correction?
Post by: Astra on November 20, 2020, 07:45:52 AM
Of course, you need to be prepared for a very deep correction in bitcoin.  Especially if Bitcoin is forecast to reach high price points now and next year.  In general, next year will be very important for bitcoin in terms of its price, and with this in mind, in terms of its popularity.  After all, if it does not rise in price within a year after the halving, then many may be disappointed in it.  What will happen next after that, one can only imagine.
Title: Re: Are you ready to undergo painful correction?
Post by: IvugeoEvolutionCoin on November 20, 2020, 09:06:15 AM
I am not sure that there will be a correction because the conditions at the exchange are currently experiencing a very good price increase, when it is corrected again I am ready to buy it again because I did not miss the slightest opportunity in Bitcoin.
Title: Re: Are you ready to undergo painful correction?
Post by: AllSii on November 20, 2020, 12:09:23 PM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.
We have all been waiting for a correction of bitcoin for a long time, starting from $ 14000, but bitcoin is constantly growing. But we still won't know exactly when the correction will come and it will catch us unawares.
Title: Re: Are you ready to undergo painful correction?
Post by: Carbitcoin on November 20, 2020, 04:15:32 PM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.
We have all been waiting for a correction of bitcoin for a long time, starting from $ 14000, but bitcoin is constantly growing. But we still won't know exactly when the correction will come and it will catch us unawares.
According to all historical indicators, we are already accustomed to expect, after a significant increase in the Bitcoin exchange rate, a correction, which had different indicators in the past. I believe that today the bitcoin rate is more balanced, with more investment funds. The rollback will be quite predictable, but it will not be large-scale, as everyone expects.
Title: Re: Are you ready to undergo painful correction?
Post by: sampoerna on November 20, 2020, 10:44:01 PM
Why not ready? I personally beleive that bitcoin is always involving its volaitlity. The price market correctio will be always there vefore they are going to get some certain ways. I mean that the market correction will happen whatever we are. Moreover sometimes the higher number of the correction may lead tot eh higher price backup
Title: Re: Are you ready to undergo painful correction?
Post by: alltalk on November 20, 2020, 10:55:30 PM
Correction can happen at any time and we don't know how bad the correction will be. That's why we must be careful to set a plan or target for our Bitcoin asset. Don't be greedy, set a realistic target for our Bitcoin asset. Also, use a proper strategy, so even the correction happened, we already got profits from our Bitcoin assets.
Title: Re: Are you ready to undergo painful correction?
Post by: Altcoin1998$ on November 21, 2020, 01:24:48 AM
Bitcoin market are completely risky to invest because one can't predict what will happen in future? Today's bitcoin market more than 18k usd dollars and many investors investing today's price but Bitcoin price may dump tomorrow ,so you can realise that the investors will get losses ,so every investors, traders and holders ready all time to take any corrections and risks.
Title: Re: Are you ready to undergo painful correction?
Post by: Blaze on November 21, 2020, 04:05:10 AM
Correction can happen at any time and we don't know how bad the correction will be. That's why we must be careful to set a plan or target for our Bitcoin asset. Don't be greedy, set a realistic target for our Bitcoin asset. Also, use a proper strategy, so even the correction happened, we already got profits from our Bitcoin assets.
therefore we should be able to remain careful with price movements that cannot be ascertained and of course if trapped in expensive prices it will make us feel depressed.
Title: Re: Are you ready to undergo painful correction?
Post by: Alcor on December 01, 2020, 09:23:09 AM
The price correction in the cryptocurrency market has already happened and, as expected, it was not very painful and only lasted a few days.  Now the price of bitcoin has again exceeded $ 19,000 and continues to grow.  It seems that by the end of this year nothing will prevent a good rise in prices in the cryptocurrency market. 
The price of bitcoin, of course, in the future may fall sharply again and you need to be prepared for this.  True, this is not expected in the near future.
Title: Re: Are you ready to undergo painful correction?
Post by: Gostudio on December 02, 2020, 01:01:50 PM
Bitcoins is a digital currency. So if we say it is digital it can increase or decrease depends on the seasons or situation that we had. But of course we are hoping that it will increase that high, from 5 digits to 6 digits. It is possible to happen because most of the time bitcoins is increasing although there are times that it is fluctuating. But if it is happen. We must face it.
Title: Re: Are you ready to undergo painful correction?
Post by: Sharelock on December 02, 2020, 01:33:56 PM
Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?
Quote
Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”
Source:Bitcoin.com
There are no stupid investor who buy at high price and sell at low price.
every investor must also know where the lowest price of bitcoin and the highest price of bitcoin of all time.
one example in 2016 bitcoin had a price of around $ 4000 and in 2017 the price of bitcoin rose to touch the $ 21,000 mark. and in 2018 the price of bitcoin fell to $ 3500 and in 2020 bitcoin went up again at a price of $ 19,000
So all investor would prefer to wait to buy at $ 3500- $ 4000 and hold up to a bitcoin price of $ 19,000- $ 20,000
and while waiting for bitcoin to fall in price investor usually prefer investing in alt coin
Title: Re: Are you ready to undergo painful correction?
Post by: XM8 on December 02, 2020, 01:51:02 PM
Many are waiting for the time that bitcoin will move back to its last ATH. Yet there are others or maybe more than I expected, are longing to see bitcoin with a six digit of value we can even read topics like this here in our forum. Here are the two of them:

A topic started by Muneeb22
https://www.altcoinstalks.com/index.php?topic=143424.0
A topic started by Bradsow
https://www.altcoinstalks.com/index.php?topic=179221.0

There is nothing wrong being a believer in such speculation since everyone is free to do that and all wants it including me because I'm still hoping that it might be chance for some of my altcoins.lol

Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?
Quote
Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”
Source:Bitcoin.com
I didn't understand anything about the tropic that bro discuss hare.if you could please create a tropic about the details i would know better looking forward to your valuable detailes discussion
Title: Re: Are you ready to undergo painful correction?
Post by: Seerge on December 02, 2020, 06:07:21 PM
Learning from the experience that has happened in the past years, we must be prepared for everything that happens with changes in the price of Bitcoin, but I am optimistic that the current Bitcoin price correction will not be too deep.
Title: Re: Are you ready to undergo painful correction?
Post by: Quantum X on December 03, 2020, 02:25:30 AM
After all, if it does not rise in price within a year after the halving, then many may be disappointed in it.  What will happen next after that, one can only imagine.
Surely not all can stand the challenge of correction. I could say that those are the buyers who decided to buy at the peak of bitcoin price lead by emotion and through it they would be lost in hope too.

The price correction in the cryptocurrency market has already happened and, as expected, it was not very painful and only lasted a few days.
True! Yet the long run he not yet come which might be the scariest correction than the old ones.

Quote
The price of bitcoin, of course, in the future may fall sharply again and you need to be prepared for this.  True, this is not expected in the near future.
Exactly! That is why buying bitcoin during bull run is not good to hold it for long term.

Moreover, sometimes the higher number of the correction may lead tot eh higher price backup
You are right. That is why a wise investor of bitcoin has always a price target during bull run and during drought season. Without set of price during bull run is greediness and this will be a great fall of an investor.

but I am optimistic that the current Bitcoin price correction will not be too deep.
I agree to this. Yet this is just for now we never know if the correction will happen soon. But of course this will not come without the touching the highest peak of bull run.
Since reading the highest peak of bull run is hard setting price as your target is wise enough to avoid painful correction.
Title: Re: Are you ready to undergo painful correction?
Post by: Psycho on December 03, 2020, 05:57:14 AM
All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens
You're right, everything is risky.  If you hold Bitcoin and want to sell it later but are not getting a good price.  Then you will hold on for a few more days.  Next time Bitcoin will present you with a big prophet.  Because the price of Bitcoin will increase day by day.
Title: Re: Are you ready to undergo painful correction?
Post by: XM8 on December 03, 2020, 12:24:04 PM
Many are waiting for the time that bitcoin will move back to its last ATH. Yet there are others or maybe more than I expected, are longing to see bitcoin with a six digit of value we can even read topics like this here in our forum. Here are the two of them:

A topic started by Muneeb22
https://www.altcoinstalks.com/index.php?topic=143424.0
A topic started by Bradsow
https://www.altcoinstalks.com/index.php?topic=179221.0

There is nothing wrong being a believer in such speculation since everyone is free to do that and all wants it including me because I'm still hoping that it might be chance for some of my altcoins.lol

Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?
Quote
Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”
Source:Bitcoin.com
I don't know much about the topic you have discussed, brother. I would have known a lot if you had created a nice topic and posted it in detail.  Looking forward to your important feedback
Title: Re: Are you ready to undergo painful correction?
Post by: nelson4lov on December 03, 2020, 12:48:35 PM
I think investors should always be prepared for the worst, cause investing in bitcoin  is very risky, today its up tomorrow it will dump $1000 and the day after tomorrow it might just rally up and move $3000, the bitcoin market is volatile, we shouldn't expect the market to work hard for us,and also a healthy correction is always needed in the market, you cant expect bitcoin to continue pumping every day.
Title: Re: Are you ready to undergo painful correction?
Post by: Cristiano on December 03, 2020, 02:40:36 PM
All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens
You are right, I agree with you.  You have to be smart if you want to invest in Bitcoin.  Need to know about different coins.  Bitcoin is a coin that is called the king of K type.  The price of Bitcoin is increasing day by day.  Bitcoin is going to be tough day-by-day.
Title: Re: Are you ready to undergo painful correction?
Post by: Piku on December 04, 2020, 08:46:59 AM
Investing or trading in Bitcoin can never be a loss. I've been seeing for a long time that the price of Bitcoin was much lower. But now the price of bitcoin has increased a lot. Bitcoin is going to be more valuable.
Title: Re: Are you ready to undergo painful correction?
Post by: jonathancool220 on December 05, 2020, 05:08:13 PM
I am ready to accept gracefully when Bitcoin Dump or Pump because Bitcoin always has 2 choices between going up and down.
Even though the Bitcoin price is dumping and continues to be red I just let it go.

No matter how bad the Bitcoin dump, I will choose it because this Bitcoin is truly extraordinary in my opinion for trading cryptocurrency.
Title: Re: Are you ready to undergo painful correction?
Post by: Cryptoz on December 05, 2020, 10:53:58 PM
if there is a bullrun, we also must be ready for the possibilities of a market correction, worse to dump the price. we are aware of how the mechanism of crypto price. the volatility and also fluctuation are true cannot be ignored and separated.
Title: Re: Are you ready to undergo painful correction?
Post by: Hamida on December 06, 2020, 03:45:36 PM
I am ready to accept gracefully when Bitcoin Dump or Pump because Bitcoin always has 2 choices between going up and down.
Even though the Bitcoin price is dumping and continues to be red I just let it go.

No matter how bad the Bitcoin dump, I will choose it because this Bitcoin is truly extraordinary in my opinion for trading cryptocurrency.

When bitcoin dump, you will buy.
When pump you sell.
You are trader bro.
Title: Re: Are you ready to undergo painful correction?
Post by: zilzylian on December 06, 2020, 04:15:00 PM
If you look at the bitcoin price in Muneeb22's initial post, the Bitcoin price is still $ 10k, but at the same time there is a Bitcoin halving and some traders want huge profits by buying more Bitcoin.
If you look at the history of Bitcoin, the Bitcoin Halving pushes the price of Bitcoin up slowly, Correction of market prices will definitely occur, but always seeing price movements in the crypto market needs to be done to be able to sell Bitcoin as desired.
Title: Re: Are you ready to undergo painful correction?
Post by: TERMINO on December 06, 2020, 04:16:34 PM
I am not sure that there will be a correction because the conditions at the exchange are currently experiencing a very good price increase, when it is corrected again I am ready to buy it again because I did not miss the slightest opportunity in Bitcoin.

Correction is always happening that is why the market changing from increase to decrease. I'm not a professional crypto person but that's my observation. I agree, if you have enough money once the correction happens you should not missed the opportunity. Better late to invest than never.
Title: Re: Are you ready to undergo painful correction?
Post by: pealr12 on December 06, 2020, 09:12:11 PM
Many people was expecting a major correction but btc was able to withstand the pressure and still retain its price nicely, I was also expecting a serious dip but that wasn't the case, from the look of things, it doesn't seem like there will be any such correction instead there will be another possible price surge in coming days.
Title: Re: Are you ready to undergo painful correction?
Post by: pelana vreo on December 06, 2020, 10:08:16 PM
If this prediction is correct, then we can only see and not make a profit, no one knows the price of Bitcoin can reach $20,000 in 2017, crypto experts think the price of Bitcoin will soon increase every year. Therefore, the increase in the price of Bitcoin to $50,000 must go through a clear and fast market growth mechanism, the need for Bitcoin and a limited amount of supply will affect the future price of BTC
Title: Re: Are you ready to undergo painful correction?
Post by: Duckenth on December 06, 2020, 11:17:14 PM
My prediction that the current Bitcoin price correction will not hurt so much, it will just change a little and the price will go up again. In fact, I see the Bitcoin price for a long time going to experience a bull run, so we shouldn't be too worried.
Title: Re: Are you ready to undergo painful correction?
Post by: Bitstar_coin on December 07, 2020, 04:41:27 PM
the way the btc price has being operating this past few days, i doubt there will be any huge correction moving forward, for some time now btc has been hovering around 18 - 19k and not dipping seriously below that which indicates it could go higher if there will be any major big news of just a sudden fomo from newbies  ;D
Title: Re: Are you ready to undergo painful correction?
Post by: Quantum X on December 07, 2020, 05:46:47 PM
it could go higher if there will be any major big news of just a sudden fomo from newbies  ;D
Indeed! ;D
Anyway, welcome here mate. I really appreciate the teleported members so I give you a +.
Title: Re: Are you ready to undergo painful correction?
Post by: Btceth01 on December 07, 2020, 06:18:51 PM
In fact, in cryptocurrency, nothing is easy.  You have to understand everything well.  We are currently not very experienced in this cryptocurrency.  There is no end to the knowledge in this cryptocurrency.  The more you know, the more you will want to know.
Title: Re: Are you ready to undergo painful correction?
Post by: vegasus on December 07, 2020, 11:50:31 PM
Yes of course. We must be ready for that kind of possibility, of any market correction, bear market, and also other risks. that is why we are in the crypto world because we should have been aware of the benefits and also risks that we need to face.
Title: Re: Are you ready to undergo painful correction?
Post by: vaysar on December 09, 2020, 06:48:07 AM
It looks like bitcoin is likely to follow. Now, as in August, the cryptocurrency is overbought at annual highs. Most traders are already betting on the fall, judging by the record number of open short positions in BTC futures.
Title: Re: Are you ready to undergo painful correction?
Post by: Emircan on December 09, 2020, 06:59:27 AM
investment has a certain risk. we need to have experience with luck to be able to swear
Title: Re: Are you ready to undergo painful correction?
Post by: Goblin on December 09, 2020, 01:36:31 PM
All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens

I agree with your opinion mate, Bitcoin price is unpredictable. So, we can hold or sell when the condition is not good. Bitcoin is still the king of crypto currency, I still believe bitcoin will increase every week. Good luck.
Yes the bitcoin price is predictable.  It is not possible to predict when the price of Bitcoin will go down and when it will go up.  But you can sell it anytime.  Currently Bitcoin is in a good position.  When Bitcoin increases its price, you can sell it and make a good profit.
Title: Re: Are you ready to undergo painful correction?
Post by: gotbounty on December 09, 2020, 01:51:48 PM
If you have entered and invested in Bitcoin, you must be prepared for all the conditions that may occur. I will stick around and be patient with hold. Because I am sure after the dump will definitely rise again. It's only a matter of time. Because Bitcoin is the king of coins. So it definitely won't disappoint for too long.
Title: Re: Are you ready to undergo painful correction?
Post by: Astra on December 09, 2020, 09:43:45 PM
Many are waiting for the time that bitcoin will move back to its last ATH. Yet there are others or maybe more than I expected, are longing to see bitcoin with a six digit of value we can even read topics like this here in our forum. Here are the two of them:

A topic started by Muneeb22
https://www.altcoinstalks.com/index.php?topic=143424.0
A topic started by Bradsow
https://www.altcoinstalks.com/index.php?topic=179221.0

There is nothing wrong being a believer in such speculation since everyone is free to do that and all wants it including me because I'm still hoping that it might be chance for some of my altcoins.lol

Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?
Quote
Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”
Source:Bitcoin.com
Well, you described one of the very possible scenarios that may occur in the future.  It is not customary to discuss such possible scenarios on this and other similar forums.  However, it should be borne in mind that if bitcoin reaches much higher price values, then the risk of investing in it increases many times.  Bitcoin holders will be very afraid of losing their money and even a slight drop in prices each time can cause a big panic, which will expand like a domino until the price of Bitcoin falls back to its lowest values.  Everyone should understand this in order to realistically assess the risks in their actions in the cryptocurrency market.
Title: Re: Are you ready to undergo painful correction?
Post by: Power on December 09, 2020, 10:35:12 PM
I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.


Well said. All the investors in digital world must be prepared  to undergo painful corrections, beause Crypto prices is unpredictable, there are ups and down. So make sure to face the consequences of our choices.
Title: Re: Are you ready to undergo painful correction?
Post by: UNIVERSE on December 09, 2020, 11:09:58 PM
If we are not ready about it, so, don't enter the crypto, don't trade, and also don't hold. The market will be always volatile, risky, and also fluctuating enough. Many things may lead tot he market correction after a small increase and may go up or down to earth.
Title: Re: Are you ready to undergo painful correction?
Post by: vaysar on December 10, 2020, 08:04:03 AM
The current correction is accompanied by low volatility, indicating the departure of active investors. But they can return immediately when the overbought effect on the cryptocurrency market disappears.
Title: Re: Are you ready to undergo painful correction?
Post by: Black ID on December 10, 2020, 02:31:49 PM
In crypto, which is completely uncertain. Of course we must always be prepared for all conditions, including the worst conditions. And you must always believe that the storm will pass. The preparation may have to be able to control emotions so that we do not regret taking wrong steps.
Title: Re: Are you ready to undergo painful correction?
Post by: Vasyak on December 11, 2020, 01:52:40 PM
I am fully prepared because I left Bitcoin for USDT. I'm waiting for a small drop to buy it again. Maybe there won't be a fall, but it's just a matter of luck. No one can predict the future.
Title: Re: Are you ready to undergo painful correction?
Post by: Token@ on December 11, 2020, 02:41:13 PM
Yes, when the price of Bitcoin goes down a bit, if you buy Bitcoin and leave it, you will get a good profit later. You will get a good profit in the future.
Title: Re: Are you ready to undergo painful correction?
Post by: Shahinaz on December 11, 2020, 04:17:52 PM
Everything must have its risks. In my opinion, we must be prepared for all possibilities because bitcoin prices are difficult to predict.  so be wise in investing.  I will accept the bitcoin market situation if that happens.  Investing or trading in Bitcoin can never lose.  I have seen for a long time that Bitcoin prices are much lower.  But now the price of bitcoin has increased rapidly.  Bitcoin will become more valuable.
Title: Re: Are you ready to undergo painful correction?
Post by: Power on December 11, 2020, 05:11:05 PM
In crypto, which is completely uncertain. Of course we must always be prepared for all conditions, including the worst conditions. And you must always believe that the storm will pass. The preparation may have to be able to control emotions so that we do not regret taking wrong steps.


I agree. We must be prepare in every way. Long live.
Title: Re: Are you ready to undergo painful correction?
Post by: debra on December 11, 2020, 11:43:32 PM
Like what we are experiencing right now. It is more than a market correction. It is going to be a dump market after the small bullish time. And at the same time, we still have no significant increase after all. Actually, we are all likely ready enough with this kind of market condition because it is still falling down. And to undergo the pain of this market correction, just don't look at the previous portfolio and continue with the new one.
Title: Re: Are you ready to undergo painful correction?
Post by: Quart on December 11, 2020, 11:49:59 PM
It is a correction, there is no need to worry. The market is growing, we just need to wait for the time of the upcoming bullish. As long as we don't sell our crypto assets, it means we don't get losses yet. There is always a chance to get big profits. We don't be panic because of the painful correction.
Title: Re: Are you ready to undergo painful correction?
Post by: Fenix on May 27, 2021, 08:01:28 PM
The cryptocurrency market has grown well over the past six months. We really enjoyed the bull market. However, in the second half of May, the price of bitcoin and almost all altcoins fell sharply. They were forced to accept it as a fait accompli and who was ready for such a fall, and who was not ready for it. We get used to good things very quickly and it seems that this period will last for a very long time. However, for some reason a fall always comes unexpectedly and always a significant part of the participants in this market are not ready for it.
Title: Re: Are you ready to undergo painful correction?
Post by: Anonylz on May 28, 2021, 05:05:19 PM
It is a correction, there is no need to worry. The market is growing, we just need to wait for the time of the upcoming bullish. As long as we don't sell our crypto assets, it means we don't get losses yet. There is always a chance to get big profits. We don't be panic because of the painful correction.
I agree with you that once you have decided to invest in Bitcoin then you must be prepared for all that comes with it most especially the price volatility. This is one of the main characteristics of crypto in general and if the price drops before you are able to get out, HODL is the best option because there will always be a rise again.
Title: Re: Are you ready to undergo painful correction?
Post by: gabbie2010 on May 29, 2021, 01:57:58 PM
It is a correction, there is no need to worry. The market is growing, we just need to wait for the time of the upcoming bullish. As long as we don't sell our crypto assets, it means we don't get losses yet. There is always a chance to get big profits. We don't be panic because of the painful correction.
I agree with you that once you have decided to invest in Bitcoin then you must be prepared for all that comes with it most especially the price volatility. This is one of the main characteristics of crypto in general and if the price drops before you are able to get out, HODL is the best option because there will always be a rise again.
I had been in the crypto system for a while and I had many past experience of many price corrections as a newbie then I used to panic sell because of my inability to control my emotions however no amount of price correction can make me to panic now, its a pity a lot of newbies wouldn't understand how crypto market operates once the price drops they panic sell and wouldn't hodl not knowing that price will rise again.
Title: Re: Are you ready to undergo painful correction?
Post by: Vx1 on May 29, 2021, 02:37:17 PM
Correction in Cryptocurrency is certain, we cannot avoid it. However, we can avoid it if we sell our assets from now on and hold USDT. But if we are willing to take risks and maybe get bigger profits then we will still hold on to Crypto coins. Crypto prices will definitely go up if there is a correction, but we have to wait patiently.
Title: Re: Are you ready to undergo painful correction?
Post by: Master107 on June 01, 2021, 01:29:40 PM
Either in pump hard or dump hard, we must be prepared to control our temper and act as a mature person in crypto as we are all aware about pump and dump.