Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Lukasz on April 18, 2021, 02:26:01 PM
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I do not intend to spread fud or doom and gloom just looking from the perspective of past bull runs we had numerous 40 % corrections for obvious reasons so would not be surprised to see this month and stil close in green this monthly candle
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Every coin that is growing and rising significantly will commonly also experiences market corrections. And it is for all crypto, not only Bitcoin but for most crypto. And this is normal enough moreover it is probably to be prepared fo the next rising
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There are many fears that are concerned about Bitcoin if this coin experiences a price correction, and the most worried about is what happened in 2017-2018 then happened again. But for me it will be difficult to repeat itself, because now more and more people are familiar with Bitcoin and are involved in Bitcoin investing.
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Yes, correction can occur at any time without information on when it will be.
We can just trade and keep trading, so as not to experience big losses, the current Bitcoin price is slowly rising after we saw the BTC price drop below $ 55k, I hope the price will go up again in a few days and we will see a green candle
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I hope the price will go up again in a few days and we will see a green candle
It is growing and increasing again, so don't worry! ;)
I am also optimistic that the price will go up again and even can be above $65K at the end of this month. Just keep holding and don't be influenced by the FUDs. Correction is normal, as long as it is not very significant and drastically, we don't need to be panic.
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Many indicators and specialists are starting to speculate that due to COVID we may have reached the ATH which could be a fair assumption taking in to account the upcoming world crisis and much lower GDP s of the most advanced countries in the world
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All altcoins, including the Bitcoin price, are now declining. In fact, I am in a lot of losses at the time. If the market does not return to its previous state, then it will be seen that all the profits I made by trading will be lost. In fact, I think the market will definitely return to its previous state in a few days.
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I do not intend to spread fud or doom and gloom just looking from the perspective of past bull runs we had numerous 40 % corrections for obvious reasons so would not be surprised to see this month and stil close in green this monthly candle
Yes most of all the Alts and Bitcoin are taking a correction and I hope this is one of those corrections that the market would usually have but looking at Bitcoin Daily chart, It is clear that the previously support line could no longer hold this time and This might be a major more correction then the past few ones.
(https://i.imgur.com/y358gNj.jpg)
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Yes it is really obvious for highly traded coins to make corrections during bull run because many people do leverage trading and many people put sell orders at almost the same price. Then many orders get liquidated at the same time which make a small dump during a bull run. So we should not worry too much but also should be ready for worst situation.
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There are many fears that are concerned about Bitcoin if this coin experiences a price correction, and the most worried about is what happened in 2017-2018 then happened again. And this is normal enough moreover it is probably to be prepared fo the next rising
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There are many fears that are concerned about Bitcoin if this coin experiences a price correction, and the most worried about is what happened in 2017-2018 then happened again.And this is normal enough moreover it is probably to be prepared fo the next rising
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I am also optimistic that the price will go up again and even can be above $65K at the end of this month. Just keep holding and don't be influenced by the FUDs. And this is normal enough moreover it is probably to be prepared fo the next rising
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The bull run that we are experiencing right now in 2021 is very different from the past hence I am proposing that if there will be a big correction it won't be on the same level as in the past. Now, with Bitcoin though we have many historical precedents there is no guarantee that BTC will be following the same pattern over and over again and under the same kind of intensity. What are the thigns that make this bull run different: institutional funds and rich investors which got deeper pockets and will not be easily be swayed by FUDS and many known personalities now coming in to support cryptocurrency.
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Minus 40% could happen because it is a correction that must be needed so that we can buy more all cryptocurrencies.
But maybe there are some people who don't like this and it is really very painful for me too if we have to lose 40% of our total funds that we have.
With this, I make sure we can HodL until the next year to become famous and rich.
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Minus 40% could happen because it is a correction that must be needed so that we can buy more all cryptocurrencies.
But maybe there are some people who don't like this and it is really very painful for me too if we have to lose 40% of our total funds that we have.
With this, I make sure we can HodL until the next year to become famous and rich.
sometimes bitcoin is quite confusing, because the corrections made seem to worry a lot of people. it was not expected and I also did not think that bitcoin could drop below the crucial figure for me at $ 50K. but sometimes a correction like this is needed to provide an opportunity for those who don't have bitcoin to buy it.
the halving effect is that until the end of the year, there is still hope that if this happens, bitcoin will rise again and there is still a long time to make the desired changes.
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The bull run that we are experiencing right now in 2021 is very different from the past hence I am proposing that if there will be a big correction it won't be on the same level as in the past . And this is normal enough moreover it is probably to be prepared fo the next rising
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It seemsthe whole community is in favour of a correction which is reflected in the price action as it can be observed atm, many alts reached theri all time highs and investors are over cautious to buy the "tops" so the correction wpould bring much confidence
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Many tokens and coins have not yet reached the bifurcation point, if you guess these projects and catch their coins in a deep correction, then you are rich) In order to guess which coins will still sink, you need to have a huge experience in trading and market analysis. Many pseudo-experts predict this or that coin for investment, but I personally do not believe them, I only believe my gut and analysis.
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I think you should not worry about the recent donwtrend because now the more altcoins are going back to green with 10% or 40% increase. Maybe the decline is all about consolidation that made Bitcoin dump below $50,000. So far today Altcoins and Bitcoin are going back to increase.
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I am thinking of this month's candle close and further correction in to the 38 k - 42 k range that would liquidate again all over confident but not so inexperienced market players to see byc at 40 k in the first week of may and buy the top of may to see it correct again in June which is the market behaviour to inexperienced high leverage longers
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It is pretty bullish today, by the looks of it Bitcoin may rally to 55k again soon.
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Btc very likely will range in 55 k's which also is significantly psychological level to see supply and demand and overall health but still there could be a deeper correction next month when looking at the weekly
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A deeper correction is inevitable, sooner or later. Frankly, I can't wait for it, we'll be able to buy at a lower price when that happens.
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A deeper correction is inevitable, sooner or later. Frankly, I can't wait for it, we'll be able to buy at a lower price when that happens.
when Bitcoin dropped to $ 40,000, what were you waiting for? Why didn't you buy at this cost? Or are you waiting for the moment when Bitcoin will drop to $ 2,000 again? almost everyone was given such a chance in the past years, but few took advantage of it.
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I do not intend to spread fud or doom and gloom just looking from the perspective of past bull runs we had numerous 40 % corrections for obvious reasons so would not be surprised to see this month and stil close in green this monthly candle
You are not spreading any fud buddy, that's the structure of the market and that's how it operates. A healthy market always need a correction except when its a bubble.
If you look at traditional market, it happens often too no matter how good that shares or stock sounds to be true, there is always a room for correction and it always happens when majority of people don't expect though the pro always expect it
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FUD will be always existing as long as cryptocurrency does exist. Here, the market correction is something normal, but it may make many people feel panic because of the high correction. The BTC correction moreover always gives an impact on altcoins. Altcoins will be decreasing more than the percentage of BTC decrease itself. And it just happened. But now, we can see that the price is rising better, we can see how a market correction is something normal in the crypto market. Nott o be panic or spreading fud
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For every bullish run price correction is inevitable that is why it is always advisable to take partial profits and wait for a dip to buy more, many analyst compared the past corrections with present ones mainly because of more of institutional adoption of Bitcoin now nevertheless price pullback is normal irrespective of measure of adoption of a coin however the percentage of correction will varied
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A deeper correction is inevitable, sooner or later. Frankly, I can't wait for it, we'll be able to buy at a lower price when that happens.
when Bitcoin dropped to $ 40,000, what were you waiting for? Why didn't you buy at this cost? Or are you waiting for the moment when Bitcoin will drop to $ 2,000 again? almost everyone was given such a chance in the past years, but few took advantage of it.
The destination of Bitcoin might be $100,000 this year. If we are talking about the dramatic dump it seems impossible for now due to institutions. Bitcoin now wasn't the same as 2017 back the we didn't heard anything institutions got involved to Bitcoin. Now is far from 2017 because institutions are coming in with understanding that Bitcoin is good for long term investment. Another good place to put the money. We may not see $20,000 again.
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If you look at 2018 for a 40% correction it is nothing because in 2018 it was for Bitcoin correction alone almost more than 500% for its price decline.
So in my opinion, corrections to the Bull Run this year are still reasonable and that 40% can still be covered from the profits that have been made since 2020 or at the beginning of 2019.