Quote from: Rodimill8 on February 03, 2018, 11:40:48 PM

Quote from: Si H on January 17, 2018, 09:46:10 PM

Things seem to be picking up again. most things are green. Will this continue ? Was that the MASSIVE correction we have all been waiting for ?

Can we now look forward to 2018 in peace lol. Grin

Also any thoughts on what might be a good gainer over the next 24 hours or so ?

I think that the correction is not over yet, we still have at least 2 weeks of bitcoin flats and after we can go for growth. Dont forget about Chinese
new year.

Bitcoin corrected every year in January. As I wrote before, I am still bullish on bitcoin and crypto in general in the long term time. I think that short corrections prevent bubbles, by shaking off weak hands and solidifying the market. Given sufficient demand for cryptocurrencies from the global market, the market will recover.

I only have short term fears about the market for the next weeks, because:

There has been big announcements around cryptocurrency legislation among many countries

Disagreements in Russian government over crypto regulations

South Korea bans foreigners (which were making huge gains with high spread)

North Korean continue to hack south Korean exchanges:

Indian banks blocked customer access to cryptocurrencies