Topic: Correction or Depression (Read 618 times)

Correction is a phenomenon when the growing asset rate suddenly begins to fall, and the falling one - on the contrary, starts to rise.
Correction is a relatively minor change in the trend.
The indicator of correction is that it is almost always observed after the active growth of the exchange rate and quite often after the fall, if the asset is promising (if unpromising, then the drop without correction is likely to result in a complete collapse).

Reasons for the correction of the crypto currency market:
- Overheating of the market. Characterized by imbalance of supply and demand.
- Trading games. Large players have the opportunity to influence the course, which periodically and do for profit.
- Minor positive and negative news. If resonant news usually leads to a decline or an increase in the rate, then insignificant - to correction.
- The need for many people to transfer money to Fiat. For example, the correction of crypto-currency has happened predictably before the New Year, and the fall in rates in February is explained, including the approach of the New Year in China.

What influences the duration of the correction of the crypto currency market?
- The swiftness and strength of the previous trend. If the Crypto currency has increased very much and unreasonably, then the correction will be stronger than the correction for weak growth, and will continue until it reaches significant values.
- The duration of previous corrections for the same period. Statistics show that the correction for equal intervals of time is often similar. The closer these intervals are to each other chronologically, the higher such a probability.
- Previous trend. In stock and currency markets, the correction duration is about one-third of the duration of the previous trend. That is, if the growth of the asset was observed within three months, then the correction will last about a month. Statistics show that it is possible to rely on this observation on the market for crypto currency, although not with such accuracy.

Correction is a natural phenomenon in any market. If not for it, the value of assets would be so far from justified that the collapse of the asset's rate would threaten investors constantly.
Crypto currencies, alas, are not the most reliable assets, so here the correction often leads to a trend reversal. And sometimes, due to the fact that many do not recognize it, they classify as a recession and thereby provoke this recession. But if the recession does not occur, then the correction of the market will lead to further growth, sometimes no less rapid than the previous one.

Personally, I draw a conclusion that what we have observed for the last 7 months is not a correction at all. I think, after a detailed study of what a correction is, you too will understand this.

Most of the depressed people about cryptocurrency are just  selling their coins at the lowest price which will make them do wrong decisions since bitcoins will grow again due to the volatility.

The market is always unpredictable so continuous monitoring to make timely investment decisions is very necessary. There is a plan for allocating capital to invest and a plan for the prevention when fluctuations occur, which should be done in the time when the market still has not identified the current trend.

A lot of people (who bought the tops especially) are totally rekt by now. A bunch of alts are retraced >95% from ATH. Peopl are quite desperate, it's looks like a depression to me

I do not think its Depression, what we're seeing now are signs of correction. Its only natural that following the drop the market would start recovering its just the timing that no one was certain about.

The reasons are so many, that I have already decided to be like a water flowing, when I see up trend I am trying to flow with it along, and when I see The Fall of Price and trying to be flexible enough to react properly.

As a supporter of bitcoins, I can tell you that it was a correction, which is necessary for BTC to again be able to move to the top. And I guess that he has already begun to do this!!

You will choose depression so good luck and be worry in depression forever. Cryptocurrency is not for depressed people because you will never try to recover your lost money which causes your depression. You cannot change your depression into your happiness. Cryptocurrency business is not for impatient people. Corrections will be there till we treat bitcoin as a business.

Yes as you mentioned the bitcoin was over bought last year and it was happened because of media hype now the prices is correcting itself from that hype and returning to the original organic growth.But we are the one who is not letting it to recover by just bumping and dumping them in short time span.

Yes,the crypto sphere  is in an uncertain state and the bullish happen on previous year will change now into persistent and sideways of early dumps,otherwise all of this is have an end,because not at all the times this will have happen permanently,because believing thats everythings will be going back again to its stability form.

it's salt season lol, if you go to twitter and see CT over there, you can see people will get angry for any reason. I think that's one of the signs for the bottom. Not depressing enough for me though.

I certainly don't think it is a depression and even if it is, let it be. How does it matter when we know that its just temporary.
Being a crypto enthusiast and a Bitcoin believer I can tell you that this is surely a correction which was definitely needed for Bitcoin to be healthy.
All the sudden spike Bitcoin created last year end was just a panic buy. What's happening these days are the mistakes carried out by the same people who bought BTC at peak. A coin cannot go in one direction for a long time, not even Bitcoin. It has to go in both directions to survive in the long run. I am happy that BTC suffered this correction. It shows that BTC will be ready soon to rise again.

I think that in the beginning it all started like a normal correction. The market was heavily overbought, so the correction was natural and inevitable. Now, after 7 months of correction, we can already say that depression has started. And the fact that the price sometimes rises, does not say anything. When we raise the price, we do not see the volumes, and after a while it goes down again. I really hope that from the middle of August the price will start to grow and we will finally leave the depressive zone.

This is one of the major corrections been experienced in this market. The market did exceptionally well last year and many people bought different altcoins and they felt that prices would continue to rise. The financial market is full of up and down and every thing that goes up must also come down in the financial market. But if you are experienced in this market, you would know how this market works

If it does not make you happy you can make the changes for example you can make your business plan different and you can change it to suit the situation you are real. It will help you get better direction

Our CEO Gregor just made a nice video, explaining recent moves of the crypto market and his opinion what will unfold in the future.
See it here: YouTube Video

Correction becomes the reason for depression. When you lose your money due to fall in the price, it is natural that you will feel depression. When the price will go up you will feel happy. Correction is builten with depression and growth related to happiness. But you should be patient and wait till the price grows more and more that will recover your deficits.

I will choose correction
because from this you have a chance to perform better and correct the mistakes that you have which is relief and a great thing for your experience that you learned a lesson from that.

This fall is only temporary. Now it's summer, and the worst periods for cryptocurrency are winter and summer. Wait until autumn and you will see a completely different cryptocurrency market.

I also believe that this is a good time to buy Bitcoin to invest in the end of 2018. If you have watched over the past few years, the cryptocurrency market will grow strongly and I think the cycle will remain unchanged.