Are you ready to undergo painful correction?

[Quantum X]

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?

Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”

Source:Bitcoin.com

[hair]

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

[trauchot]

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.

[bayiajaib]

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.

[Gubre]

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.

[jakasantosa]

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.

[Carbitcoin]

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.

[I-Bit]

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.

[Prime]

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.

[ayatoslaw]

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.

[EthereumDev_]

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.

[The Legend]

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 

[lepbagong]

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.

[Astra]

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.

[IvugeoEvolutionCoin]

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.