Re: huge crypto market correction incoming

Quote from: bohr on November 29, 2017, 04:40:25 AM

Quote from: xatic on November 28, 2017, 11:42:54 PM

Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.

https://gyazo.com/d0acc37f197a677ac4752650c7e94e77

And why we should be worried, corrections are a natural thing to happen in a market, if the price goes down I do not have a problem with that, the only ones with a problem are those that bought at the top and are going to lose money because of it but for the rest of the people in bitcoin that are holding for the long term do not care if there are corrections since they will probably still be on profit no matter how big is the correction.

Yes, this is not the first time corrections are going to happen and it is not like they are not a normal thing in the market. We cannot just keep expecting a huge bull run to keep going on and on and not see some little bearish trend in the middle of it. As far as I am concerned, if the price drops, I will just see it as a chance to even buy more as that is most definitely going to be some good profit when it starts getting back up.