Correction or Depression

[plpatel]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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 won't be calling current market scenario as cryptocurrency depression, and wouldn't agree as correction too. For correction, when it happens is up-to 20 to 30 percent of it's current rally. But this is similarly to a crash after big bullrun rally, which I guess was not considered in the picture by most of us. Yet it is still unpredictable till what new low market is going to make and when it will rebound from it's low levels.

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[Sadlife]

Dont worry this is only temporary instead of panicking and selling all your crypto currency just buy more into the dip and capitalize when the price surge began. We know that bitcoin is very volatile type and in the crypto market it is a bloodbath out there. Always expect the unexpected in crypto's but it always recover.

[kryptqnick]

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.

I don't know. If we compare the current price with the price a year ago, we will still be able to see that bitcoin did very successful. Rapid growth was followed by rapid drop and maybe it is fair. A lot of pieces of bad news cause serious troubles to the market, even when the news is half-true and half-fud. This means that people are not ready to believe in the price btc cost before, they are still finding the lowest price which they think is true. It is a hard time for all of us and I am sure many investors are depressed, but I still think it could count as a serious correction.

[TravelMug]

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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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

Obviously the price didn't move on our favour, but I wouldn't call it depression though. We are still breathing and the price for me is very strong and then the chance of having another bull run is just around the corner. For all those who are depressed of the current market situation, then you should get out before you have headaches seeing your portfolio going down. And the earlier we know that the price can't really go on a parabolic rise, the better for everyone to understand how this market works.

[Brunus]

There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.

[darkangel11]

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.

Never thought, but I would actually lose money on this circumstance as well. An important lesson for next time then. Nothing else to do now but hold, hopefully it will go up again. The bear market is nearly it's end better not sell. People will get their losing confidence over the market.

It's so hard to predict anything. I'm a guy that sold some in the 15k range thinking that 10k is going to be the bottom, especially since it was followed by double bottom at 11k. I told myself that i'm not selling below 10k whatever happens and I've been holding ever since. You are of course right about the depression. 6k would be the point of a healthy rise, but the recent hacks in Korea and the rumors about tether made people scared and pushed them to sell at a loss. You can feel that we're in the depression by the sheer amount of people writing about BTC being dead and falling to 3000 USD.

[nattykio]

With the recent news of price manipulations, I doubt if we should be expecting any corrections real soon. There are a lot of sentiments at play at the moment. Check below article and see what the crypto market have to contend with.
https://btcmanager.com/bitcoin-price-manipulation-leads-to-loss-of-trust-in-cryptocurrencies/

[nattykio]

There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.

I share your bias on this, however, one thing remain certain and that is.... there is light at the end of the tunnel. Crypto will always see the light of day after all these turbulent times.

[paynercash]

There is no logic - at least in classical sense - in what happens to bitcoin, so usual technical analysis is useless.
IMHO, these are only whales' speculations, and we can only gamble about future.

In financial investment, technical analysis is a very valuable weapon for traders to identify the buying and selling area in order to maximize profit. But in the cryptocurrency market too small, most coin can be dominated by whale investors and fluctuations from the market so technical analysis becomes inaccurate in this market.

[lekam0213]

I would say depression for those who don't really know how this crypto world works and just only think that as long as they buy that crypto or those they will surely get profit even if they didn't research about that crypto but for those who  know about crypto world they will surely see that what happen in the crypto world now was just a natural flow  means it is not always pump but sometimes dump and fall.

[sclmte]

It is very sad to see everything goes down, may are causing from neither depression and correction. I doubt if people still have strength to face this huge turbulent came to us.  We've been like this since from the start of the year and yet,  we don't see any huge pump happen. Anyway, this could be the life of crypto and we shall accept it.

[Oceat]

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?

For some traders i think this is a depression because of this so much decline in the market including the last week FUD that almost killed Bitcoin but luckily it is now starting to recover just like the previous price but it is not really the right price. Since it was started to decline too much in the market and not just Bitcoin is suffering but also the traders are suffering too from this bearish trend.

[suzanne5223]

In my opinion. Cryptocurrency is in a certain state because this is not the first time where cryptocurrency will go through market correction and when the market correction occur it does usually comes with depression. Because no Testimony will happen if we don't go through a Test and if ones is not Tested he/she can not be Trusted. This is why I always advice people to invest into coin or ICO with genuine utility and buy dip.

Therefore, there's nothing worst in market correction cause it just a room for new more profit.

[Manyak]

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?

It is not depression we are aware about cryotocurrency that can go to the market correction after that it will come to the depression.

[TheGreatUnknown]

Yes, I think it has something to do with it. Back in the time in Q4 of 2017 the market has been very bullish where it gets to pick up much attention to the public but as of now it kinda depressing that the value/price decreased and stay in the low for a long time.

[okala]

Bitcoin was making a great move last year and some speculators from here warn us to becarefull and that it is going to fall in 2018 and makes a big corrections.  I believe that this is what is happening in the market: Bitcoin is making big corrections and we have to wait before another bullish conditions.

[kakonhat]

It's obviously correction. Yes, some correction end at a short time and some end at a long time. If you are familiar with any trading system then you must know short correction create short trend after the correction and long correction create a long trend after the correction. Yes, the market is not in depression but there are some peoples in depression because of the knowledge about cryptocurrency.

[posi]

The analyser are wrong because the correction that happened this year also happened in the year 2016 and it was inexperienced cryptocurrency trader and investors that see the market correction as something bad. Although, the correction usually happen through the act of the whales but something good usually come out of it.

[AK47-]

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?

Many have called it a bubble bursting. But it is just a correction else how Bitcoin is maintaining its price above the decent level of $5800. Bitcoin underwent a ridiculous price hike in December and has returned to the price before the hike and isn't going below to that level. This is called as correction stage and not a depression. We still have new investors waiting and willing to invest.

[ufaiz50]

I think this is depression, what I saw in the market this month is very, very sad, although right on this day the market is in a period of green, then showing improvement, but I do not know if the green market will continue, some time ago continuous correction happened and it made me think that this is depression.