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Topic: my gripe with the term "crash" (Read 210 times)

hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
March 26, 2021, 03:21:00 PM
#31
Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.
A crash does not imply having a fundamental problem in the system, the meaning itself has the answer, any sudden drastic change to the value of 20% and above can be termed as a crash and it can happen due to many reason, when huge investors booking their profit and we know that billions are invested in a short period of time by huge investors and they can create a panic selling once they book their profit and the market could correct to the range of around or over 20%.
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
March 26, 2021, 02:52:19 PM
#30
so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.


am I alone?
Lol, people when they see the price even dropping by 1%, they will start screaming crash. They usually do this to gain some attention or in order to spread FUDs. I don't even know how people enjoy doing that. I mean at one point, this becomes really annoyed.
And there are those main stream media. They start spreading anything and take advantage of "negative keywords" to gain more followers and attention. Hence they tend to use words like "crash", "ban", "lost" and so on in order to make people read those articles or watch their videos.
legendary
Activity: 3122
Merit: 1389
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March 26, 2021, 01:54:49 PM
#29
As a native speaker, surely you're aware that words can have multiple meanings, and 'crash' is no exception to this rule. According to the Cambridge Dictionary, one of these meanings is 'to fail', and the following example of usage is suggested in the dictionary:
Quote
Investors were seriously worried when the stock market began to crash.
So it's not just us non-native speakers using the word in a wrong way.
And I also disagree with the part about the price decreasing because of the whales. For instance, the price crashed on March 13, 2020, due to WHO announcing the pandemic, so various events can lead to the price changing.
newbie
Activity: 25
Merit: 1
March 26, 2021, 11:11:45 AM
#28
100% agree. A few occasions I've had to tell my Bitcoin friends to reign in their liberal use of the word crash. Receiving messages like "Bitcoin has crashed again" when it's down 4.5% gets me really angry haha.
legendary
Activity: 2282
Merit: 1268
March 26, 2021, 10:44:30 AM
#27
-snip
You're not alone, that's for sure. It's just that youtubers needs something interesting to show to the public, even though it's mostly speculations and mumbo jump predictions. Just ignore them. You've been in the crypto world for too long so there's really no point in getting pissed, especially when you know what a "crash" in the crypto world really is (2018 anyone?).

its sensationalism and attracting an audience so they can get views,
likes and subscriptions.

Any Youtube vide I see with this sort of nonsense headlines to attract people
I just move on.

"Crash" is used to catch the people who suffer from FUD
full member
Activity: 1834
Merit: 166
March 26, 2021, 10:31:00 AM
#26
Most of the investors are not familiar with bitcoin functioning and have invested just because of the high returns and some whales and Bitcoin haters took undue advantage of this and spread rumours using the terms like "crash" instead of correction or dip which just seems to fine.The charts are indicating red graphs with 2-3% dip and investors get panicked and start dumping their coins whenever they hear the news and see crash situation.So these are some manipulation techniques to divert the market and this could be solved by people getting aware about the market conditions and having patience and knowledge of trading.
full member
Activity: 1624
Merit: 163
March 26, 2021, 10:17:43 AM
#25
-snip
You're not alone, that's for sure. It's just that youtubers needs something interesting to show to the public, even though it's mostly speculations and mumbo jump predictions. Just ignore them. You've been in the crypto world for too long so there's really no point in getting pissed, especially when you know what a "crash" in the crypto world really is (2018 anyone?).
legendary
Activity: 2688
Merit: 2444
https://JetCash.com
March 26, 2021, 07:05:24 AM
#24
Bitcoin is becoming more like gold, and physical sales are often not reported or reflected in the stats. With banks and investment houses becoming miners, this trend is likely to increase as they complete their clients transfers inhouse. The result of this is that reported prices are calculated on "retail" trades via exchanges, and may only reflect a small part of trading activity. HODLing increases volatility, so alert minnows with an appreciation of the evolving role of Bitcoin will have some great accumulation opportunities during these "crashes".
hero member
Activity: 2520
Merit: 783
March 26, 2021, 06:53:01 AM
#23
Quote
When you're here long enough you'll probably start to ignore all of those click-bait articles and videos and stick with your own principles. I think all of them are just noises and only newbs will be easily swayed by them. You'll literally see a hundred times the media or streamer claims that Bitcoin will die or crash when we get a massive -70% correction from ATH every three years or so.

Just use your own filter. Remove the opinions and take the facts presented, build your own analysis, and believe in your investment before you buy and decide to hold it.
Sometimes carry out your personal research is the best way to to determine when and where the market will dump or pump for you to be part of the good news. Those people shouting that bitcoin will soon die or crash when it get to $70k or $100k are those babies investors who always listen to fake social media than their personal research.

Those people who always think about bitcoin is dying doesn't have any knowledge about bitcoin since if they know what bitcoin is and do a research about it they can say that corrections are normally happen. That's why its good thing for bitcoin investors to know on how to read the chart so that they may have a clue on where the trajectory going and what might possibly happen in long and short time period.
sr. member
Activity: 1330
Merit: 326
March 26, 2021, 06:33:14 AM
#22
You can't escape crash when you entered this kind of crypto inbestment. And isn't the demand and supply affected together with the market correction if whales like tesla company ought to sell and buy bitcoin?

Last time bitcoin drops 20% of its value but I never worried and continue to keep it, now its been doing a good job and market corrections are just normal to gain it's strength.
sr. member
Activity: 1596
Merit: 264
March 26, 2021, 04:09:03 AM
#21
~
Well for panickers, even a small percentage like .5% would be considered a crash for them now. Cheesy
Sometimes for me, it differs.
I don't usually do it in percentage, but mostly from how much in USD it went down.
For example back in 2017 when BTC reached 20k, not breached, then after that it went down to around 7k.
I'll call that as a crash.
full member
Activity: 1190
Merit: 126
★Bitvest.io★ Play Plinko or Invest!
March 26, 2021, 04:05:38 AM
#20
Quote
When you're here long enough you'll probably start to ignore all of those click-bait articles and videos and stick with your own principles. I think all of them are just noises and only newbs will be easily swayed by them. You'll literally see a hundred times the media or streamer claims that Bitcoin will die or crash when we get a massive -70% correction from ATH every three years or so.

Just use your own filter. Remove the opinions and take the facts presented, build your own analysis, and believe in your investment before you buy and decide to hold it.
Sometimes carry out your personal research is the best way to to determine when and where the market will dump or pump for you to be part of the good news. Those people shouting that bitcoin will soon die or crash when it get to $70k or $100k are those babies investors who always listen to fake social media than their personal research.
AGD
legendary
Activity: 2069
Merit: 1164
Keeper of the Private Key
March 26, 2021, 03:41:27 AM
#19
For me a btc crash is always a dip
legendary
Activity: 3458
Merit: 1960
Leading Crypto Sports Betting & Casino Platform
March 26, 2021, 03:33:49 AM
#18
The traditional Stock market traders and people that are writing financial articles are not used to the kind of volatility that Crypto currencies have, so a drop in price over 5% is alarming for them and everything over 10% is perceived as a "Crash"!

I will not be too worried about their over reaction to Crypto currency volatility, because they will eventually get used to that. The Bitcoin volatility will also stabilize as more bitcoins is distributed to more people.  Wink
legendary
Activity: 2170
Merit: 1789
March 26, 2021, 03:05:21 AM
#17
When you're here long enough you'll probably start to ignore all of those click-bait articles and videos and stick with your own principles. I think all of them are just noises and only newbs will be easily swayed by them. You'll literally see a hundred times the media or streamer claims that Bitcoin will die or crash when we get a massive -70% correction from ATH every three years or so.

Just use your own filter. Remove the opinions and take the facts presented, build your own analysis, and believe in your investment before you buy and decide to hold it.
hero member
Activity: 1834
Merit: 759
March 26, 2021, 03:04:32 AM
#16
The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack)

I agree that the term seems to be used liberally, but at the same time it mostly only refers to prices, so it shouldn't have anything to do with Bitcoin itself failing for whatever reason.

One of the definitions of "crash" from Google:

Quote
a sudden disastrous drop in the value or price of something, especially shares of stock.

Something like that can happen (and has happened) without Bitcoin fundamentally failing at something. That being said, their use and your use are simply on the opposite ends of same spectrum -- they use it liberally, and you use it conservatively. Everyone will have different opinions as to who uses it better lol.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
March 26, 2021, 02:39:38 AM
#15
so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.


am I alone?
Collapse or accident is just the essence of pessimism.  it is just an abstraction with invisible power for concentration in order to gain dominance by simple FUD information.  That accounts for a majority of my thinking.  Or what they were once haunting about upheaval in late 2017 and early 2018, some mixed feelings of doubt.  Almost having to get used to them, the current bitcoin power was not in the "bubble" but it became a trillion asset.  Bitcoin has slipped through a new threshold where the catalyst in origin is covid 19. There will be no symptoms of a 51% drop or worse.  At least my beliefs are at this new stage!
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
March 26, 2021, 02:28:54 AM
#14
The people in the forum is a mixed bag, meaning that there are those who consider 1 to 5 percent a crash while there are those who don't consider it a crash. I don't think that it is a problem though because it is their opinion and if you are easily influenced by that then that means that you don't know how to form your own opinion and you don't know how to think for yourself.
hero member
Activity: 2968
Merit: 913
March 26, 2021, 02:22:36 AM
#13
Nobody calls a 1-5% Bitcoin price drop a "crash".Maybe some of the crypto newbies call it a crash,I guess.
The price drop,that happened in March 2020 can be called a crash.The Bitcoin price dropped from 10K to 5K in one day,if I remember this correctly.A 50% price drop in one day can be called a crash.
I successful 51% attack or a big problem inside the Bitcoin Core blockchain won't be called a crash.
It will be called a disaster/apocalypse. Grin
hero member
Activity: 2842
Merit: 625
March 25, 2021, 06:11:23 PM
#12
You're not.

When there are dips like this or correction as what we used to say, the others are in panic questioning how low this should go on. And for those YTbers, they are all for the views.

They also create panic to their viewers as if there's no way bitcoin can recover after all of these corrections.
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