The crypto sphere is in an uncertain state. The bullish run ATH of December has been replaced by the persistent and sideways of early Q2. Some analysts think it's Cryptocurrency Depression, citing some indicators. I don't know guys. What do you do think?
For some traders i think this is a depression because of this so much decline in the market including the last week FUD that almost killed Bitcoin but luckily it is now starting to recover just like the previous price but it is not really the right price. Since it was started to decline too much in the market and not just Bitcoin is suffering but also the traders are suffering too from this bearish trend. 
Topic: Correction or Depression - page 4. (Read 642 times)
It is very sad to see everything goes down, may are causing from neither depression and correction. I doubt if people still have strength to face this huge turbulent came to us. We've been like this since from the start of the year and yet, we don't see any huge pump happen. Anyway, this could be the life of crypto and we shall accept it.
I would say depression for those who don't really know how this crypto world works and just only think that as long as they buy that crypto or those they will surely get profit even if they didn't research about that crypto but for those who know about crypto world they will surely see that what happen in the crypto world now was just a natural flow means it is not always pump but sometimes dump and fall.
There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.
In financial investment, technical analysis is a very valuable weapon for traders to identify the buying and selling area in order to maximize profit. But in the cryptocurrency market too small, most coin can be dominated by whale investors and fluctuations from the market so technical analysis becomes inaccurate in this market. IMHO, these are only whales' speculations, and we can only gamble about future.
There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.
I share your bias on this, however, one thing remain certain and that is.... there is light at the end of the tunnel. Crypto will always see the light of day after all these turbulent times. IMHO, these are only whales' speculations, and we can only gamble about future.
With the recent news of price manipulations, I doubt if we should be expecting any corrections real soon. There are a lot of sentiments at play at the moment. Check below article and see what the crypto market have to contend with.
https://btcmanager.com/bitcoin-price-manipulation-leads-to-loss-of-trust-in-cryptocurrencies/
https://btcmanager.com/bitcoin-price-manipulation-leads-to-loss-of-trust-in-cryptocurrencies/
At this stage the market is, it's very difficult to maintain that what we have now is a correction. This is beneath correction. It's looking more like the investors are depressed and do not want to throw in more money into the industry. Many of us are already losing confidence in the market and that is perpetuating more decline. It's a depression.
Never thought, but I would actually lose money on this circumstance as well. An important lesson for next time then. Nothing else to do now but hold, hopefully it will go up again. The bear market is nearly it's end better not sell. People will get their losing confidence over the market.It's so hard to predict anything. I'm a guy that sold some in the 15k range thinking that 10k is going to be the bottom, especially since it was followed by double bottom at 11k. I told myself that i'm not selling below 10k whatever happens and I've been holding ever since. You are of course right about the depression. 6k would be the point of a healthy rise, but the recent hacks in Korea and the rumors about tether made people scared and pushed them to sell at a loss. You can feel that we're in the depression by the sheer amount of people writing about BTC being dead and falling to 3000 USD.
There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.
IMHO, these are only whales' speculations, and we can only gamble about future.
The crypto sphere is in an uncertain state. The bullish run ATH of December has been replaced by the persistent and sideways of early Q2. Some analysts think it's Cryptocurrency Depression, citing some indicators. I don't know guys. What do you do think?
Obviously the price didn't move on our favour, but I wouldn't call it depression though. We are still breathing and the price for me is very strong and then the chance of having another bull run is just around the corner. For all those who are depressed of the current market situation, then you should get out before you have headaches seeing your portfolio going down. And the earlier we know that the price can't really go on a parabolic rise, the better for everyone to understand how this market works.
At this stage the market is, it's very difficult to maintain that what we have now is a correction. This is beneath correction. It's looking more like the investors are depressed and do not want to throw in more money into the industry. Many of us are already losing confidence in the market and that is perpetuating more decline. It's a depression.
I don't know. If we compare the current price with the price a year ago, we will still be able to see that bitcoin did very successful. Rapid growth was followed by rapid drop and maybe it is fair. A lot of pieces of bad news cause serious troubles to the market, even when the news is half-true and half-fud. This means that people are not ready to believe in the price btc cost before, they are still finding the lowest price which they think is true. It is a hard time for all of us and I am sure many investors are depressed, but I still think it could count as a serious correction. 
Dont worry this is only temporary instead of panicking and selling all your crypto currency just buy more into the dip and capitalize when the price surge began. We know that bitcoin is very volatile type and in the crypto market it is a bloodbath out there. Always expect the unexpected in crypto's but it always recover.
The crypto sphere is in an uncertain state. The bullish run ATH of December has been replaced by the persistent and sideways of early Q2. Some analysts think it's Cryptocurrency Depression, citing some indicators. I don't know guys. What do you do think?
I won't be calling current market scenario as cryptocurrency depression, and wouldn't agree as correction too. For correction, when it happens is up-to 20 to 30 percent of it's current rally. But this is similarly to a crash after big bullrun rally, which I guess was not considered in the picture by most of us. Yet it is still unpredictable till what new low market is going to make and when it will rebound from it's low levels.
At this stage the market is, it's very difficult to maintain that what we have now is a correction. This is beneath correction. It's looking more like the investors are depressed and do not want to throw in more money into the industry. Many of us are already losing confidence in the market and that is perpetuating more decline. It's a depression.
You are stressed and there are many worries that you will be stressed out if the stress goes away and you will soon fall into depression, thus making your quality of life limited typical psychological.
The things getting hard right now even for strong Believers in cryptocurrency many guys are just quitting, the great word that you have said market is uncertain and unclear.
If you quit then you are not a strong believer, people maybe depressed about their loses so they are executing the wrong decision but the market is not depressed, this is only a correction after the rumor of market manipulation during the peak last year. Don't be depressed, just enjoy life and enjoy this risk we will succeed in this market. I think it is neither depression nor correction, it is a crash that was going to happen ultimately, and nothing has happened yet because most of the token still can be traded with speculation despite they are not used.
The reason for crash does not seems here as price was getting stable and started to move up. So may be it is just a profit booking as people might have bought at 5900 $ and sold at 6300$ or so and thus resulting again back to the same level.
They crypto market is correcting, they main issue causing they ups and downs in they market is insecurity,when they coin are hack they value will just keep dropping,and investors will pull out they initial investment, when they issue is tackle then will investors will confidentially invest more to they crypto markets
it is more like a bubble burst rather than a correction to me. for example when a coin with nothing to offer but a lot of hype goes from ~$100 to $1400 it needs to come down to at least $200 and best case scenario back to its real value of $100 before the market calms down.
of course when we have a lot of bag holders who are constantly told that their coins (portfolio) is going to make them rich if they are "patient" we end up have a lot of depressed bag holders!
of course when we have a lot of bag holders who are constantly told that their coins (portfolio) is going to make them rich if they are "patient" we end up have a lot of depressed bag holders!
The things getting hard right now even for strong Believers in cryptocurrency many guys are just quitting, the great word that you have said market is uncertain and unclear.
some people may think depressed because the current market situation is not yet clear. but some believe I still think that correction with a sense of optimism continues to be done in the hope that the market will soon recover. and personally I hope the market situation will recover by continuing to do positive things on Crypto in order to have an impact on the market recovery in the future.
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