Post
Topic
Board Economics
Re: 2018 the year of correction?
by
yvesp110
on 18/11/2018, 19:40:25 UTC
Yes, at the end of 2017 there was a huge HYIP on cryptocurrencies and prices soared very high, so it is not surprising that this year there was a recession. It is not known how long this will continue, but if we want to be successful in this industry, then we must remain here and believe until the end in crypto-currencies.

It was something like that, but I could not call 2018 the year of correction. The correction simply cannot last for many months. It was a period of stagnation as perssimist say, and the optimists will call it the stabilization.
In my opinion, we can no doubt call it the year of correction because the market is down and it has natural tendencies to get back to the point of equilibrium so yes this year has been a recovery period.
each rise movement there always correction to make market become healthy.after peak movement investors take profit and make market down was normal in market cycle.
Yes it is normal to see the rise and fall in price sometimes it get high when most of people try to buy bitcoin and get income for holding it long time, reaching price at peak is itself and sign that now is the time to sell our coin, so after too much selling price gets down, so that is time when we should buy and hold to see the price to be high.