Topic: Correction or Depression - page 5. (Read 642 times)
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.
I still believe it's a correction, the hype got too high and there are so many coins were overbought, so now the major correction is happening and then the bad news also keep on hitting crypto, so the bear market resist for a long time, and until now the market still need more time to recover
Yes, I totally agree with you, there was too much hype. Some Coins and some Tokens had growth of over a 1000% in less than 2weeks during December 2017. I think that correction is still happening. It is too early to say it is depression. Seeing today's price of all hyped coins and tokens then you can see that they are down more then 80% so i think which coins and tokens have potential they will only survive and bounce back when the market correction is over until then you have to hold the coins and token.
"Cryptocurrency Depression" is a cute phrase, but I don't think it's an appropriate description. In my opinion, it's a sideways market. "Depression" has traditionally been used to describe the state of an entire economy, not a single class of assets.
How can a currency be in a depression anyway, when it's much, much higher than it was a year and a half ago? Bitcoin has been more like a stable currency for the past few months, though most of us know that's not going to last for long. Once the speculators get back in the game, we're in for another roller coaster ride. What we got is a correction. Where bitcoin is currently is can best be described as a stalled-out state. Labels in finance always frustrated me.
How can a currency be in a depression anyway, when it's much, much higher than it was a year and a half ago? Bitcoin has been more like a stable currency for the past few months, though most of us know that's not going to last for long. Once the speculators get back in the game, we're in for another roller coaster ride. What we got is a correction. Where bitcoin is currently is can best be described as a stalled-out state. Labels in finance always frustrated me.
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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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?
No one really has the right one to decide whether Bitcoin will be going in their ways. The possibility of all the analysis doesn't have any assurance that it will be heading upwards or downwards in any moment.
I still believe it's a correction, the hype got too high and there are so many coins were overbought, so now the major correction is happening and then the bad news also keep on hitting crypto, so the bear market resist for a long time, and until now the market still need more time to recover
Yes, I totally agree with you, there was too much hype. Some Coins and some Tokens had growth of over a 1000% in less than 2weeks during December 2017. I think that correction is still happening. It is too early to say it is depression. 
Totally, a depression perhaps side effects from December 2017? It seems to me that this depression can potentially take it to a downtrend which would then be followed by a steady market correction.
I still believe it's a correction, the hype got too high and there are so many coins were overbought, so now the major correction is happening and then the bad news also keep on hitting crypto, so the bear market resist for a long time, and until now the market still need more time to 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 think time is going to decide what is going to happen in the future and we should hope that what is going to happen will be to our advantage. The uncertainty is very real and we may need to get to the end of the second quarter of the year before we can actually see prices direction. I think we are in the states of price manipulations and disagreement. 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?
Its totally depression. We all know that many Bad news from crypto are rising very fast. And with this many small time investor and newbie on crypto easily shakes their hands off and sell their position at loss.
In ever financial industry. never ever sell your position at loss. If you have extra capital buy more at the bottom.
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 definitely do think were still in a bear market and we could possibly be in a crypto depression. The thing with crypto is that these events never last long so we could be in a bear market for 6 months and then we could be bullish for another 6 months or even longer. When these drops happen many people think thats in the end of crypto when in reality the prices could boom at any moment.
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 wouldn't call it depression. I guess by now everyone really understand how the market works. Specially for those irrational buyers in December. They thought that the dramatic rise would go on forever, sadly after that bullish run every falls and we are still down more than 50% from that all-time-high. And with all the governments and regulations being put up, we still need to brace for more sideways or even a downtrend.
But if you have been engaging i crypto for at least more than a year, I'm sure that this downtrend you learn from the past. We may be experiencing a crisis, but just one positive news will turn this market around. So to answer you, I think that this is just another test and the market will see a recovery soon specially news like Lightning Network being rolled out.
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?
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