This is the Fifth "Crash" in the Last Month

[GoWest]

Keep things in perspective, folks:

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[phatsphere]

i think, your "crashes" are actually called "corrections"

[thoughtfan]

i think, your "crashes" are actually called "corrections"

I don't know about "corrections" as a technical term but I would have thought corrections would serve the function of taking the price back to somewhere relatively stable where the market deems an appropriate valuation to be.  Yet all these 'corrections' seem to be doing here is giving the drive upwards a bit of breathing space, allowing time and opportunity for those not comfortable with the new level to bail out (and giving day traders a chance to try their luck with a temporary BTC short) before continuing the march towards the heavens!

[Phoenix]

http://cdn.memegenerator.net/instances/400x/30353297.jpg

[phatsphere]

I don't know about "corrections" as a technical term …

Then better do your homework first, then post here.

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

Read more: http://www.investopedia.com/terms/c/correction.asp#ixzz2LiyBXLua

[NamelessOne]

i think, your "crashes" are actually called "corrections"

I don't know about "corrections" as a technical term but I would have thought corrections would serve the function of taking the price back to somewhere relatively stable where the market deems an appropriate valuation to be.  Yet all these 'corrections' seem to be doing here is giving the drive upwards a bit of breathing space, allowing time and opportunity for those not comfortable with the new level to bail out (and giving day traders a chance to try their luck with a temporary BTC short) before continuing the march towards the heavens!

Yeah, pretty much what a correction is.

[RyNinDaCleM]

I don't know about "corrections" as a technical term …

Then better do your homework first, then post here.

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

Read more: http://www.investopedia.com/terms/c/correction.asp#ixzz2LiyBXLua

Yep, except they do happen in down-trends too. You know, when you get that little "rocket" in a bear market?
It would be better said to be a movement against the main trend, when the main trend moves too far, too fast.

[thoughtfan]

I don't know about "corrections" as a technical term …

Then better do your homework first, then post here.

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

Read more: http://www.investopedia.com/terms/c/correction.asp#ixzz2LiyBXLua

Yep, except they do happen in down-trends too. You know, when you get that little "rocket" in a bear market?
It would be better said to be a movement against the main trend, when the main trend moves too far, too fast.

Slap on the wrist accepted   I thought that as I wrote but was too lazy in the moment.  Followed your link this time though so thanks   I accept what is going on is a correction but the graph shape that fits my concept of correction better is like what happened after the Pirate price drop of Aug 12:



However I stand corrected by you and NamelessOne and promise to do my homework properly next time!

[Vandroiy]

LOL

</thread>

[xcsler]

In the movie what word was he referring to? Who did he say this to?

[Phoenix]

I think it was the word "inconceivable" that the "smart" one (Vezini or something?) always said

[Zangelbert Bingledack]

I think OP's point is to make fun of the term "crash" being used. Many people calling normal tiny fluctuation (logarithmically speaking) in the prise rise "crashes".

[BitCoinsLOL]

i think, your "crashes" are actually called "corrections"

Seriously OP change your subject title to Correction not crash.

[GoWest]

i think, your "crashes" are actually called "corrections"

Seriously OP change your subject title to Correction not crash.

I put it in quotes because of all the other people referring to this event as a crash. I am mocking them.

[Oldsport]

In the movie what word was he referring to? Who did he say this to?

http://www.youtube.com/watch?v=G2y8Sx4B2Sk

[GoWest]

I am mocking them.

It was obvious from the start. Amazing how many missed it.

Actually, not that amazing.

Bitcointalk.org: not in the top 10 sites perused by Harvard recruiting.

[Ichthyo]

Keep things in perspective, folks:

Absolutely.

Viewed from distance, these are just oscillations or fluctuations.
The action on a market is not formed by an "invisible hand" (which is a myth), rather it is formed by conflicting intentions. These are never steady or even conditioned, plus there are self-accelerating mechanisms on the small scale, like leverage and mass psychology.

The quote given earlier in this thread gives a mark of 10%, and an correction must have an enduring effect, at least on a short time scale.


Not counting the one epic down move in 2011, ever since we had a an overall up trend, interrupted by a series of corrections, roughly of the order of magnitude about 25%.


Can we expect such a thing again?
My answer is: as long as the underlying pattern of market forces remains basically the same, we can expect a similar visible shape.

[ajk]

LOL.

GoWest I know exactly how you feel sir, I started putting (Sarcasm) at the end of my sarcastic statements since people werent getting it

sensible thread! thank you for putting the other(more sensible imo) view during the dumps/crashes/corrections whatever one feels happy calling it,

[Elwar]

So Bitcoin is prone to crashes!?!? Several in one month!!!

That is worse than the stock market. Time to dump Bitcoins and buy into something that does not crash.

[RyNinDaCleM]

So Bitcoin is prone to crashes!?!? Several in one month!!!

That is worse than the stock market. Time to dump Bitcoins and buy into something that does not crash.

Like Bumper Cars?
I'm on it!