my gripe with the term "crash" - page 2.

Bilgent

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Quote from: HardyGoodsLtd on March 25, 2021, 07:50:17 AM

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?

A one percent drop has nothing to do with a "crash". I don't use that term even when the price comes down at a very high rate. We could consider it as a "sharp decrease" rather than a "crash".

Distinctin

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Quote from: HardyGoodsLtd on March 25, 2021, 07:50:17 AM

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.

Because we have nothing worried also. Dumps, pumps, we are all seeing this all the time. Crash can be happening as well but this is far different when are just talking about market corrections. 1%, 5%, or even 10% can't be considered as a crashing trend for me, well, maybe you?

Yeah, I believe that the market will be bouncing back to the dip again but this can please us to worried about every correction and dumps we see.

DooMAD

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Leave no FUD unchallenged

Quote from: dothebeats on March 25, 2021, 08:45:50 AM

Crypto news websites IMO were the first ones to vaguely use 'crash' on every drop that bitcoin sees on a day to day basis. You must sensationalize the headline to garner more reads and clicks right? Anyways, since they started the trend, most people--especially the newbies--are using the word crash every chance that they get. It gets misused and thrown out of context so much that every discussion it has been to, only a handful of people only gives their two cents to explain why the event isn't a crash.

Perhaps it's not only unique to crypto. It's probably a bad habit people have picked up from the media in general. It's as though no one has the attention span or patience to even see subtlety or nuance nowadays. Everything either has to be best or worst case scenario.

NeuroticFish

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Quote from: HardyGoodsLtd on March 25, 2021, 07:50:17 AM

am I alone?

Not at all.
I guess that some earn for a living from tiny percents here and there and shaking the weak hands is one of their strategy.
Of course, everyone panicking on these moves forgot to zoom out and take a look to the full picture. And of course, "hard" words like crash can "help" them panic.

Actually I find this topic more useful at Beginners & Help, maybe it can help some of the newbies come to their senses Wink

hatshepsut93

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I don't see any problems with the word "crash", it simply means a quick and noticeable fall of the price. I don't think anyone calls 1-2% drop "crash" when speaking about Bitcoin, usually no one even bothers reporting such small changes. The word "crash" is used the same way when people talk about non-crypto markets, so I don't see what's the problem here. I don't think we Bitcoiners should be looking everywhere for signs of conspiracies against Bitcoin, this isn't healthy.

bassbity

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Quote from: Fundamentals Of on March 25, 2021, 08:18:12 AM

Same here. A crash is like it is free-falling and touched the bottom completely shattered. Bitcoin crashing is like Bitcoin is crumbling down. Crash denotes something extreme, serious, etc. That is not what is happening to Bitcoin in reality.

The price of Bitcoin is always just up and down, rise and fall, increase and decrease, etc. The problem with a lot of people is that they seem to make a normal price correction look very serious that they end up creating a foolish FUD.

There is something funny and wrong in "Bitcoin is crashing down to $52,000."

too much fuss for investors, as the word 'crash' is only used to create a boomerang. moreover 1%, 0.5% FUD is always quickly presented with raw news and turned into trust. We don't need to feel that even seeing the sign of bitcoin price dropping to $ 52,000 will still be an opportunity for small traders to take a few satoshi. and in fact the rate goes up and down quickly without the need to make predictions.

dothebeats

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Cashback 15%

Crypto news websites IMO were the first ones to vaguely use 'crash' on every drop that bitcoin sees on a day to day basis. You must sensationalize the headline to garner more reads and clicks right? Anyways, since they started the trend, most people--especially the newbies--are using the word crash every chance that they get. It gets misused and thrown out of context so much that every discussion it has been to, only a handful of people only gives their two cents to explain why the event isn't a crash.

mk4

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Paldo.io 🤖

If you're wondering why journalists and YouTubers frequently use the term "crash", well, because it tends to get more interests from the masses, hence more clicks, hence more ad revenue. In the perspective of the masses, as with any other assets even with the stock market, "crash" is simply a lot more appealing and attention grabbing than "price correction".

Fundamentals Of

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Same here. A crash is like it is free-falling and touched the bottom completely shattered. Bitcoin crashing is like Bitcoin is crumbling down. Crash denotes something extreme, serious, etc. That is not what is happening to Bitcoin in reality.

The price of Bitcoin is always just up and down, rise and fall, increase and decrease, etc. The problem with a lot of people is that they seem to make a normal price correction look very serious that they end up creating a foolish FUD.

There is something funny and wrong in "Bitcoin is crashing down to $52,000."

avikz

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1% to 5% drop can't really be considered as a crash, most certainly! Bitcoin is super volatile unlike any other asset class if you consider it as an investment. So price fluctuations like the current market can't really be considered as a crash. A crash is what when we see a drop of 15% - 20% decrease in price.

Btw, as a small holder, I really think it is a great trading opportunity presented to us by the current market. Buy low so that you can make some quick money in coming days!

HardyGoodsLtd

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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?

Topic: my gripe with the term "crash" - page 2. (Read 242 times)