Bitcoin Forum

If you have friends who are yet to accept BTC, the way they talk about BTC when ever there is a dip will make you think that BTC project has ended.
They will be like, "I heard BTC has crashed"
To me the word "crash" means and sounds like a total or woeful failure.

If the market is on the negative side(losses) there should be some other friendly words to calm the situation to lay man, rather than using the word "crash" which seems like a perpetual exaggeration or failure.

For instance, if a coin has a very good support at $5 and in the future rose to $20 and later on drops to dollar $15 gradually, it should not be called a crash.

Because a crash is a crash!
There was a crash in 1929 and the world did not end nor did stock trading but it was still considered a crash. We had another one in 1987 and although again the world didn't end nor did trading it was still a crash. We recently had an oil crash, a collapse, a black Monday or Friday or whatever that day was or how you want it to call but again it was not a total failure, things resumed, and look, one year after we're again at 60+ per barrel.


Yeah, I can picture this, something like:
I have some pretty good news for you, we have found a way for you to pay zero rent, you will not be bothered anymore by your neighbors, you will be able to move from city to city for cheap, you will no longer pay utilities, you will be able to sleep where your work, the only downside of this is that some really really awful people might call you homeless, but let's ignore this thing and be all cheerfully and supportive.

Damn, deja vu with those children's competitions when they give a participation trophy to every kid and not mention the place on them, not to stress them and be totally positive.

Well, there is nothing wrong that I have seen if someone will use the word crash, that is crash it means bitcoin had down. But I did not use this word, mostly I prefer calling ^{[a short correction]}. Whatever the word you will use, still it appears the same meaning on it.
Even your suggestion was not right, losses on bitcoin price are, not just accurate too, calling it ^{[market corrections]} will feel better for now.
However, this is not necessary to ask a question, it should be how to recover if there is your fund while there is a market correction.

That's okay to use crash.

The stock market has also that thing but we never see people being corrected or suggesting a new thing. That's okay too to use losses too if you really are a holder or investor.

What matters most is that you're holding during the crash and you're holding it stronger.

Although, I also don't like using the word "crash" when bitcoin price is falling and the word "correction" is usually more suitable for describing the market, it's not always wrong.
The word "crash" is used in all markets and it doesn't really mean failure or death. The price can be recovered even after a crash. To me, crash means a sudden big drop in price, like what happened in the past days or the March 12, 2020 price drop due to Covid-19 pandemic.

The problem here is that the mainstream media is usually against bitcoin and they are always waiting for a drop in price. They use the word "crash" even for a 5-10% drop in bitcoin price and try to make people avoid bitcoin.

when the price dips or crashes.. use the term:
discount day

the very best time to buy is at a crash

Well, that's one reason that could make people perceive every fall in price as a crash. In hindsight, people who calls every dip a crash are people who have little to no knowledge about how the crypto market works. In my own understanding, when a market crashes, there's little to no chances of recovery after the crash but that's not the case with Bitcoin. That's why I always try to correct their narrative about Bitcoin since it's obviously a wrong one. People won't know until they are told.

Discount day works too but I try to stick to simple terms - dips is fine for me.

Honestly, all the scenario you painted got me laughing  out loud.
Let me add to it swiftly, you meant it's just like telling a 5years old orphan that all the male adults(Uncles) in his family are his Fathers, thereby making him believe he has numerous dads, but in the real sense he is fatherless?

However, going by my scenario above; if the uncles of the boy could do everything that his dad does for him, I would be unwise and hurting to still call him fatherless.

I prefer like to use " Bitcoin price fall " or " bitcoin price go down " rather than crash. For me those word are more appropriate for the market situation. When bitcoin price fall it is mean that it can rise again, it is just temporary market condition. But any word that people use for bitcoin is not an important thing for me. I believe that bitcoin will be bigger than now, so even if there are some people out there that saying negative things about bitcoin then I will not trust it.

The same reason people always use sensationalist language.  It attracts more attention.  People repeat what they read.  And, seemingly, the only way writers know to convince people to read something is to make it sound more dramatic than it really is.  So people read a sensationalist headline and then go on to tell everyone else a hyped-up version of events.

Granted, on this particular occasion, some might argue it is an actual crash.  But you'll also see the same description for even minor corrections or gradual downtrends.  Might as well get used to it, though.  It's not going to change any time soon.

Do you expect all of us to be traders and use this jargon when we describe our investment?
What you're proposing is a great example of euphemization.

It's like when you're talking to a child, saying the cat did not die, it just went to sleep and its soul left him and flew into the sky and it's going to wait there.

That's a very good example on how you can make a situation better than what it seems.
But in this life, we will encounter harsh environment and very few will bother not to be too blunt with the situation.
Just accept that people need direct realization of what the market is, because it is what it is.
We don't need to sugarcoat the situation. Just act accordingly and not be too emotional with it.

I think there's nothing wrong in using the word crash though. We've all been using it for a long time now every time a correction happens in Bitcoin. As you can see, crash doesn't necessarily mean failure. Even if you protest in changing this term for something, there's really nothing you can do about it since the majority use it quite often.

So you want to mask what's really happening? Kind of sounds like a person that doesn't want to accept the reality of things, remember that euphemisms don't comfort you, it just makes you ignore the truth.

Of course there is nothing wrong with the word, it's just that OP is a widdle baby that he/she can't accept what the truth of the matter is which is sometimes really harsh.

A "crash" is simply when the market price has decreased significantly, it says nothing about "failure" or anything negative like that. It simply indicates a certain size of the decrease in price. In this case about 40% which is indeed a crash.

"Loss" on the other hand is when you sell your bitcoin at a lower price that you've bought or sell it at a low price and don't buy back at lower or near the same price and are forced to buy it at a higher price. It has nothing to do with crash or price decrease. You can lose money this way even when price is rising 10% a day.

Maybe this is the fact. It is not going to change any soon. I would have to get used to it. But when I hear the word crash, especially from the unbelievers of BTC, they present it asive it is the end of the project.

I understand what you are feeling here. For those noncrypto users, if they hear crash, definitely, they will panic or the impact is quite alarming for them. But you can't do anything much about that. If you are here in this market, you will hear it more often. Not an exaggeration of what's happening, but it is more of like the norm of saying when the market is going downhill.

Even myself, i feel uneasy using the term crash but when i read the forum and a lot of people are also using it, i realized its not really that harsh. Even in stocks market, some are also using it.

Well, this is not really a big deal for us. What will matter is that you know how to take advantage the time when bitcoin crashes or losses as they say. Buy the dip and sell at the peak. But do not fall into sell off as you might be regretting at the end of the day.

Lolx.  What happens if after telling the child that his cat died, the child becomes severely ill because he believes a huge part of him is lost. Later on the child sees that cat again. As in the case of BTC reaching ATH after a dip.
Would it not be better you tell the child that the cat is fainted, and it will resuscitate?

Loss means what the user/trader experience out of something. It can be bitcoin or any form of investment. When someone is losing, there'll be someone who have played right and profiting. So we can't term the fall in price as loss, it is always a crash.

when the word crash is used in the market, you can visually imagine how the chart looks because a red candle dropping sharply is really really bad. and that makes weak hands panic. it's going to make things worse but it's a bit of a fud for some. we are accepting it that way though besides it's more understood when we use the word crash than correction or a dip. it falls on how you interpret the price movement.

At first, the term crash also sounded too exaggerated for me to just refer to a correction or even a normal price decrease, only a little bit worse than other days. Crash kind of sends a feeling that the market or Bitcoin has already crumbled down, which is really not the case in reality. Such description tends to create a FUD.

However, isn't it interesting that Bitcoin is already crashing at $35,000 or $40,000? That's a sweet crash. Perhaps the Bitcoin market has somehow redefined the meaning.

It's more like a custom term already and people have been using that for more than 10 years right now. they already adopted that word and other terms that have been used in the crypto industry. People should know how to consider using words when they talking about any other subject because words that used in other cases are not the same when you are here in this industry. more on like they create some words to make more specific when they're talking about the current situation of the market. Nevertheless, words like this one cannot be changed any more since they've been using it for quite some time already.

I don't think there is a way about this, once a price of a commodity dropped rapidly on the stock market it is often referred to as a market crash, even gold and US dollars are also addressed with the same statement when their loss in their market price.

Why not use the word REKT (it's the same as WRECK).
Although REKT implies deep discounts of up to 50% or greater, I like the way it is pronounced succinctly and shows depth. An extremely powerful word for a big loss.
Every time Bitcoin drops in price, it is also an opportunity to buy in and enjoy short-term profits.

I think the term "crash" refers to the massive drop in BTC price from its original price and the word " losses" refers to the traders/holder losses while holding a specific coin such as BTC. Don't take the word crashed negatively because it really happens even in the stock market.

It's really subjective. We have different perspectives in viewing something and for instance, this word crash seems awful to you but totally normal to others. The word crash is often used in other forms of investments and not only in crypto. The crash is also used by the investors and traders in the stock market. It is also used by the managers of a company to describe the sudden price drop of something like sales in the business industry. In our community, the crash is associated with the downward movement or trend of coins' value in the market. This is also called or referred to as correction of the majority because a crash doesn't totally mean that the coin won't be able to bounce back. It would regain its position and increase again over some time. It's just that there are some factors that have impacted its trend and caused it to go down but eventually will climb up again. After all, crypto is volatile. We must always expect up and down trends.

Really? Not so well-versed in crypto chad lingo (if I am even permitted to use that term haha) but I always assumed REKT was the equivalent of getting totalled. As in, absolute liquidation. Only guys I can imagine getting completely wrecked would be futures traders going long at over 10:1 leverage. That dip would have wiped them out in a blink, even with stop loss I imagine.

So yeah, if this relatively small dip Rekt'd you, well, can't say you shouldn't have known, hm?

It's a normal word. It crushed from the last high price it hitted. But it doesn't mean that it's "dying" or will go only down with time. Don't put too much sense in this word.

I do not use the word "crash" when BTC price is down but I always use the word "correction" for BTC because correcting the price can gain more supports so, in the next few days, the price can back increase. The word "crash" seems to make them worry about their investment, so we need to know how to calm them down and always think positive about the current situation.

If we can always be bold about the "correction" every time BTC is down, they will not think seriously about that moment instead, they will think about buying more bitcoin.

Crashes is for the market and losses are for the individual if I am remembering correctly so they're used in a different context so I don't think that there's no need for substitution.

Pretty much sums it up.  I've been around since 2013, so price moves don't even register on my radar unless they're truly spectacular.  I definitely don't see the current situation as a "crash" and I'm not concerned in the slightest.  But I can see how it might be concerning for someone who only got involved more recently.  Maybe they're not used to this kind of volatility.

I am not sure why this much confusion with you but me and my friends are using this word all the time. Market has crashed, this is also used in the normal share market. I have never seen such mass confusion with single word because same has been used and applied in the movies too! whether they are hollywood or bollywood they also use the same word. The market crash word has been used in the movie "Wolf of wall street" and bollywood series "Scam: 1992" in Indian version.

This is why its not a confusion, rather its expression of the market and it's current state. Loss is like loosing the materialistic value from the whole trade. For example market loss means your money was taken away by other trader and did not come to you again. The crash is loosing the money temporarily but it returns once the market gains the money.

When you say crash it portray the severity of the action more than using the word loss, it even sound more hars than the latter plus it is commonly use among crypto enthusiasts. People also use Dumping more than loss for the same reason.

For every kind of business and investment, there are particular vocabularies that are associated with them. The word crash is used in cryptocurrency because it is the vocabulary that is used to describe a massive drop in value, just like you have other vocabularies like "bubble" "burst" etc. "Crash" only sounds like a total or woeful failure to you because of the normal meaning that you have associated with it.

because this crash covers the global whether it's small or large, it's still a crash.
it feels exaggerated and seems negative and a failure but it's okay to say that I think, even though I prefer to say it just as a correction to make it seem simpler and less affected by what happened.
and when ordinary people and beginners panic, it's another matter, they have to start learning the ins and outs of what's here, because what causes them to panic is buying at prices that are already too high and will definitely be surprised when there is a decline like this (my experience used to be like this) but over time everything feels more ordinary what new people need is calm and not rash in doing something.
I suggest maybe that if you don't like to say "crash" at least just say it's a "discount" given by the market :).

It's a marketing move IMO. I remember how there was a brief moment when Bitcoin went from something like $55k to $45k, and my relative (who is a Bitcoin skeptic) said he read on Forbes (or a similar reputable source) that Bitcoin crashed massively and if I'm okay (since he knows I own some BTC). What he didn't know was that just a few months ago the price was below $20k, and now, after the allegedly devastating crash, it's $45k, so it's actually still a huge success. This works on people who are already cautious when it comes to Bitcoin, and more generally, news that invoke fear are more engaging than those which are trying to be neutral. Crash sounds more seriously than a decrease of the price, so that's the preferred term for media.

I suppose Bitcoin can use REKT. Bitcoin still often falls deeply in price in a short time and causes other cryptocurrencies to fall several deeper drops. The word REKT, in my opinion, is for the whole market whenever Bitcoin falls sharply and deeply.

Regardless of how you choose to definite it, somehow I can't see traditional media or institutional investors using such parlance.  It just adds an additional layer of obscurity to something that's already difficult enough for outsiders to comprehend.  Seems like a bad idea all round.

I agree with the main topic until some point. Not all of the decreases in the price can be called as crash. However, I think that the recent dump in Bitcoin price can be called like that. Because it happened in a very short time period like half an hour and it fell by $10k also. "Crash" word might even be not enough to define this. But I agree that a gradual decrease in time is not a crash.