alan2here (OP)
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August 21, 2013, 01:40:50 PM |
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A large price rise followed by a small to medium fall in price, all occurring relatively quickly.
How would you describe this event? What terminology would you expect to be used?
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atlosas
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August 21, 2013, 01:42:08 PM |
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Randomness
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alan2here (OP)
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August 21, 2013, 01:45:10 PM |
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I often seem to see 'bubble' or 'crash' being used here!
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JimboToronto
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You're never too old to think young.
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August 21, 2013, 02:15:00 PM |
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Who cares what it's called? The insider jargon mostly relates to traditional stock market analysis and is pretty much meaningless in the new world of Bitcoin. It reminds me of sailors who insist on saying "starboard, below, galley, and astern" instead of "right, downstairs, kitchen and backwards" or doctors and pharmacists using latin. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Call it what you want. If we're going to make up terms for things like this, what do we call a large purchase followed by a substantial bid at a price well above previous bids?
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alan2here (OP)
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August 21, 2013, 02:23:57 PM |
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It's more that thease immotive but misleading totally nuts turms are being used a lot at the moment.
You make a good point Jimbo.
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Tirapon
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August 21, 2013, 02:30:25 PM |
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I often seem to see 'bubble' or 'crash' being used here!
Spot on - if price goes up, its a bubble; if it goes down, its a crash. Either way, its a trap. Quite simple really.
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Birdy
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August 21, 2013, 02:39:04 PM |
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I often seem to see 'bubble' or 'crash' being used here!
Bubble and crash would indicate a fall of grand scale. People are overusing the words when speaking about Bitcoins.
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NUFCrichard
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August 21, 2013, 03:13:40 PM |
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I would say the small fall would be called a correction, quite often after a consistent rise or fall analysts say they expect a correction. It's also profit taking.
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nielsg
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August 21, 2013, 03:25:02 PM |
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I concur with the last, at last as far as I've seen over the last 10-15 years investing in the stock markets. Profit Taking if it is small enough, correction if a bit larger, and bubble burst if big. But those are all subjective descriptions. What one person considers a correction, another may consider a bubble bursting...
N
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notme
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August 21, 2013, 03:35:41 PM |
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Rally, correction.
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johnyj
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August 22, 2013, 03:24:53 AM |
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A large price rise followed by a small to medium fall in price, all occurring relatively quickly.
How would you describe this event? What terminology would you expect to be used?
"Time to buy" ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Chrstian
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August 22, 2013, 03:30:16 AM |
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Stabilizing. (assuming lack of significant variance) Small correction after a rally profit taking. bubble/crash are inappropriate terms for this. bubble implies crash is imminent, crash implies massive loss of value.
as others have stated (to the best of my knowledge) there is not a specific term used to describe this.
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alan2here (OP)
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August 22, 2013, 04:15:20 AM |
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This thread should be stuck, made an announcement.
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Peter Lambert
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August 22, 2013, 06:09:19 AM |
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This thread should be stuck, made an announcement.
It would be a better thread if there was not a typo in the freaking title, the correct term is term (a word indicating something), not turm (an archaic term for a group of horsemen, why doesn't your spellchecker tell you that is a bad word, nobody actually uses the term turm anymore?).
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Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us
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Super T
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August 22, 2013, 06:23:20 AM Last edit: August 22, 2013, 08:05:33 AM by Super T |
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At this point in a market sequence you will often hear the term Bear Trap thrown about, used to describe a small downward movement usually following a significant upswing. Investors who have a negative market outlook (bears) decide the slight fall indicates the start of a larger downward trend, and sell the underlying asset accordingly, only for the upward trend to again resume, resulting in another phenomenon, massive financial loss, sometimes followed by 'butthurt'.
Whilst it is often used in the scenario you have described, the final reversal of the small dip is needed to complete the bear trap sequence, bets must be placed before the outcome is known, and so it goes that the bulls and bears will perpetually dispute whether a large rise followed by a small dip is a bear trap or the bursting of the bubble.
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steelboy
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August 22, 2013, 08:30:46 AM |
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Rally, correction.
This ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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deadgiveaway
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August 22, 2013, 08:34:33 AM |
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"Correction" and "consolidation" are the two terms that are used.
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phoenix1
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August 22, 2013, 09:55:43 AM |
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I often seem to see 'bubble' or 'crash' being used here!
Spot on - if price goes up, its a bubble; if it goes down, its a crash. Either way, its a trap. Quite simple really. LMAO ! Best answer yet !
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"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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kiko
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August 22, 2013, 12:43:47 PM |
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I would expect the term retracement or 50% retracement to be used if one was was explaining what you describe.
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