Correction or Depression

[hasmukh_rawal]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

[panjay]

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.

[alfs75]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

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.

[jrrsparkles]

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.

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.

[kenziefried]

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.

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.

[provalentine]

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!!

[taxli]

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.

[josephdd1]

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 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.

[Jeremiesaranza]

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

[GalaxyWorld]

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.

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.

[developer101dev]

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?

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.