Bitcoin Forum

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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.

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.

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.

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.

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

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.

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.

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.

"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.

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.

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.

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.

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.

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!

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

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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/

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.

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.

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.

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.

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.

In my opinion. Cryptocurrency is in a certain state because this is not the first time where cryptocurrency will go through market correction and when the market correction occur it does usually comes with depression. Because no Testimony will happen if we don't go through a Test and if ones is not Tested he/she can not be Trusted. This is why I always advice people to invest into coin or ICO with genuine utility and buy dip.

Therefore, there's nothing worst in market correction cause it just a room for new more profit.

It is not depression we are aware about cryotocurrency that can go to the market correction after that it will come to the depression.

Yes, I think it has something to do with it. Back in the time in Q4 of 2017 the market has been very bullish where it gets to pick up much attention to the public but as of now it kinda depressing that the value/price decreased and stay in the low for a long time.

Bitcoin was making a great move last year and some speculators from here warn us to becarefull and that it is going to fall in 2018 and makes a big corrections.  I believe that this is what is happening in the market: Bitcoin is making big corrections and we have to wait before another bullish conditions.

It's obviously correction. Yes, some correction end at a short time and some end at a long time. If you are familiar with any trading system then you must know short correction create short trend after the correction and long correction create a long trend after the correction. Yes, the market is not in depression but there are some peoples in depression because of the knowledge about cryptocurrency.

The analyser are wrong because the correction that happened this year also happened in the year 2016 and it was inexperienced cryptocurrency trader and investors that see the market correction as something bad. Although, the correction usually happen through the act of the whales but something good usually come out of it.

Many have called it a bubble bursting. But it is just a correction else how Bitcoin is maintaining its price above the decent level of $5800. Bitcoin underwent a ridiculous price hike in December and has returned to the price before the hike and isn't going below to that level. This is called as correction stage and not a depression. We still have new investors waiting and willing to invest.

I think this is depression, what I saw in the market this month is very, very sad, although right on this day the market is in a period of green, then showing improvement, but I do not know if the green market will continue, some time ago continuous correction happened and it made me think that this is depression.

OptiToken going to open at like $4 people saying

You would really expect from those experts to have those words regarding on their analysis on the market which i do see its normal to watch how a market correct its price. We do see on how fast bitcoin did able to reach ATH last December or last months of year 2017 and we can even say that it is a bubble because none thing of this world would able to move that fast in a short span of time which its normal for it to correct and now we are on sideways or even on the bottom side of bitcoins price.

It's a really indecisive situation, whether depression or correction, it's not very clear to point out which. Early this year during the dip, everyone said we are in for a correction, after some months, nothing was really nice. With the way bitcoin is going back and forth these days, I think it's depressing but I hope it's not.

Cryptocurrency is on correction because, there are still issues needed to be tackled by crypto organization, for example they hacks and false news,but they future is bright for cryptocurrency

There are many investors who devote their entire time to the cryptocurrency market and they constantly keep track of the chart of the coin and I think it is the big cause of many investors feeling depressed. Let's have a more rational investment approach to success. I often choose the coin for long term investment and I feel it suits me.

Very honestly a little depression is there, although i was also thinking about it and was taking it as a correction, but i think that correction cannot be for such a long time, i think that investors have lost their confident a little and that is why there is a little depression, i think and hope that we will pass away from such situation very soon.

This is answer is right to the point. thank you.
A++

May we stop listening FUD's and hacking news which din't have any proofs of happening. It is better to move on and be positive always. Of what happen in our market, it looks like is on preparation for an another spike as we wait for it for many days. I don't think if pumps happen in 3rd quarter just like of what happen last year.

I believe that we can spend the entire 2018 year in correction. and it will be a healthy market behavior. what people want and what actually happens can be very different and you have to get used to it

Could be, this is depression because many people panic with the state of declining market trends, so they worry the downward trend in market prices will continue. along with many people who make sales compared to buying in various market exchanges, then it can affect the movement of market prices so that the movement of market prices always be at a low point.

Just look around you now. As we have entered into the Q3 sphere everything has got changed dramatically. The crypto depression which was sited by the analyst is now has got changed into excitement and it can give us huge up trends coming along the way sooner than we think.

I think its just that crypto currencies are really cyclic in their behaviour and whenever the time is right then they will put themselves in the down trend and in the other time they will start with up surges like the current one. I believe massive correction is coming soon.  :D

Now we can observe absolutely normal correction of the crypto-currency market. You need to wait a little, that the crypto-currency market has recovered after a sharp increase.

Rough times has been done and many people got so exited on what will happen on Q3 of this year and by the current state for bitcoins go stable well most provably it is a good sign that there are something good to be happen by this year and maybe there's an upcoming bull run happen. More good news are coming up and I believe those one are slowly bringing back the trust of many crypto speculators.

It is a normal correction.
If it was normal for BTC last Year to increase from  $950 to $20 k for me it is a normal to correct to $6K and even further to $3-5 K. Below that we can talk about depression.

Sideways started at the start of q1 not on q2 mate

Anyway i believe that this is manifestation of what happened last December,when the market growth very huge and i think its bubble.so the effect is just happening now,when the payback is needed for that particular reasn

But dont worry were only recovering and may get a good reaction sooner,but for now lets accept the reality

There has to be a reason why some call it a Cryptocurrency Depression. When you look at some indicators, there are a lot of unexpected sideways, controlled by whales that causes the value of bitcoin not totally go pump. Instead of expecting for a bull run, it goes the other way around.

I do not panic in the current conditions in kriptocurrancy currency. I just take the opportunity to buy more into the slope and utilize when the price spike begins. I know that the price of Bitcoin is very unstable and in the kriptocurrancy market it is. I've been like this since the beginning year and I do not see any big pumps going on. However, this could be the life of cryptocurrancy and I will accept it.

You will be depressed if you do not understand the market trends, you are right that it's the whales who are controlling the price, can't blame
them, they have the power to do so that is why at this time we have to be more careful and don't let our emotion control us when we make a decision.

The one that gets depressed to this are those who are noobs here as they might bought at peak and now that we're in a correction they feel like the world is against them. The one who feel this and will sell now to cut loss will definitely regret later on when the market recovered. Better believe what the cryptos can give because at the first place that's the reason we are here.

Its been like 6 months that we have sink in the bearish trend. Why are still thinking that we can replicate everything in 2018? We should all move forward and adjust or admit that it won't happen this year unless something in the horizon bring back the interest of a lot of investors to renewed their interest and maybe throw millions or even billions in the market. So personally, the earlier that we admit it, the better for us to not get depressed in this worst situation. We may even call this a market crash and not a correction for technical purposes. But to be depressed? nah, but if ever you are depressed then it is better if you leave the market and your mentality intact at least.

There is an interesting discussion on this thread. https://bitcointalk.org/index.php?topic=4526810.0. The assumption makes a whole lot of sense and could shape the way we look at the market.

I do not think this is the crypto depression. Depression is a long lasting phenomenon while in the current case, the prices often moves up and might move down as well. SO one cannot call it a depression.

It is however a recession and we are witnessing the fall in prices but the recession has one this advantage that it promotes investment as well and this inflow of money in crypto and holding the already owned portfolios is going to be fruitful both for the market and for the investors.

I feel it is depression, because of the continued bad news from the media, holders got panicked and caused the major fall in the prices. there is a very low everyday volume on the purchases. The India market is selling currencies with 30% losses on the market price. hope the market gets to its normal position and the price stabilisation, which is best for the holders as well as the new buyers too.

Depression is a market psychology, Correction is just the way how the market adjusts after an overvaluation. I don't think the current market situation is full of doubts and uncertainty. It just how the Bitcoin plays, Its nothing to worry about. Its just a part of a process to rise higher in the future.

These changes are gonna happen now, crypto currency has volatile mature mate, it will never remain same, and we really need those changes because it effects our earning, so instead of being stressed we should support those corrections, price will be change so I think now we are at positive side of those corrections which is getting high our income for rising price, no more depression will be there I think.

I Agree, there is always a bull market and a market. That trend has been happening in all markets and not unique to crypto currency.  Sadly we are now in a bear market which is also I think healthy to the market, People lose a lot of money but overall price corrections are necessary to make the market healthy. If price went parabolic there sooner or later price will go down as we see in the prices. Just believe on your coins and just be patient. 

we just bounce back from 5,9k i believe and it's not bottom yet. People on CT already salty enough, if you see on twitter many people debate something stupid and get salty over something trivial.

I think the downward movements is a correction from the pumping bitcoin enjoyed towards the end of last year and we should also expect another pumpping as the market cannot continue going down.  There is a law that guides how bitcoin's price behave and if you understand the laws you will agree with me that now is the right time to buy.

My taught is that cryptocurrency has corrected and values of potential coins will start moving high, they value of all coins went below as of ending of June but they market is moving high now .

Initially I was thinking it is correction and with a little time the price will go up but the way the price is sliding has put me in a difficult situation to make a correct deduction but we are not yet in depression may be on our way to the land.

I think that it is a correction, most likely, yes, than not, but the market is cyclical, after the fall it always grows. So, we need to wait))

Agree with you when a coin get through the correction then the price gets high itself, for me we really need to experience those corrections like the increase of the price and taking the value high, income areas where bitcoin is not famous so making people aware of this new technology and also helping those who want to earn good amount of money but has no proper resource for it, so in short correction in price for me is not depression at all infect I appreciate it,

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.

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 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.

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.

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 (https://www.youtube.com/watch?v=VYaadvYMczE)

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

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

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.

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.

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.

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.

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.

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.

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!!

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.

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.

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

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.

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.