Correction or Depression

[Jaephoenix]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

[Yaunfitda]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

[Sinecoin]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

[rommelzkie]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

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.

[omonuyak]

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 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.

[xuan87]

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

[rugrats]

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.

[Greenmane]

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

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.

[ShadowBits]

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?

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.

[The Sceptical Chymist]

"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.

[susila_bai]

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

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.

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.

[pey]

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.

[syaripudin]

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.

[taxli]

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.

[BitcoinHodler]

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!

[loofers]

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

[newwest]

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.

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.

[Johnyz]

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.

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.

[lolehiM92]

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.

[Mpamaegbu]

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.