my gripe with the term "crash"

[HardyGoodsLtd]

so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.


am I alone?

[avikz]

1% to 5% drop can't really be considered as a crash, most certainly! Bitcoin is super volatile unlike any other asset class if you consider it as an investment. So price fluctuations like the current market can't really be considered as a crash. A crash is what when we see a drop of 15% - 20% decrease in price.

Btw, as a small holder, I really think it is a great trading opportunity presented to us by the current market. Buy low so that you can make some quick money in coming days!

[Fundamentals Of]

Same here. A crash is like it is free-falling and touched the bottom completely shattered. Bitcoin crashing is like Bitcoin is crumbling down. Crash denotes something extreme, serious, etc. That is not what is happening to Bitcoin in reality.

The price of Bitcoin is always just up and down, rise and fall, increase and decrease, etc. The problem with a lot of people is that they seem to make a normal price correction look very serious that they end up creating a foolish FUD.

There is something funny and wrong in "Bitcoin is crashing down to $52,000."

[mk4]

If you're wondering why journalists and YouTubers frequently use the term "crash", well, because it tends to get more interests from the masses, hence more clicks, hence more ad revenue. In the perspective of the masses, as with any other assets even with the stock market, "crash" is simply a lot more appealing and attention grabbing than "price correction".

[dothebeats]

Crypto news websites IMO were the first ones to vaguely use 'crash' on every drop that bitcoin sees on a day to day basis. You must sensationalize the headline to garner more reads and clicks right? Anyways, since they started the trend, most people--especially the newbies--are using the word crash every chance that they get. It gets misused and thrown out of context so much that every discussion it has been to, only a handful of people only gives their two cents to explain why the event isn't a crash.

[bassbity]

Same here. A crash is like it is free-falling and touched the bottom completely shattered. Bitcoin crashing is like Bitcoin is crumbling down. Crash denotes something extreme, serious, etc. That is not what is happening to Bitcoin in reality.

The price of Bitcoin is always just up and down, rise and fall, increase and decrease, etc. The problem with a lot of people is that they seem to make a normal price correction look very serious that they end up creating a foolish FUD.

There is something funny and wrong in "Bitcoin is crashing down to $52,000."

too much fuss for investors, as the word 'crash' is only used to create a boomerang. moreover 1%, 0.5% FUD is always quickly presented with raw news and turned into trust. We don't need to feel that even seeing the sign of bitcoin price dropping to $ 52,000 will still be an opportunity for small traders to take a few satoshi. and in fact the rate goes up and down quickly without the need to make predictions.

[hatshepsut93]

I don't see any problems with the word "crash", it simply means a quick and noticeable fall of the price. I don't think anyone calls 1-2% drop "crash" when speaking about Bitcoin, usually no one even bothers reporting such small changes. The word "crash" is used the same way when people talk about non-crypto markets, so I don't see what's the problem here. I don't think we Bitcoiners should be looking everywhere for signs of conspiracies against Bitcoin, this isn't healthy.

[NeuroticFish]

am I alone?

Not at all.
I guess that some earn for a living from tiny percents here and there and shaking the weak hands is one of their strategy.
Of course, everyone panicking on these moves forgot to zoom out and take a look to the full picture. And of course, "hard" words like crash can "help" them panic.

Actually I find this topic more useful at Beginners & Help, maybe it can help some of the newbies come to their senses 

[DooMAD]

Crypto news websites IMO were the first ones to vaguely use 'crash' on every drop that bitcoin sees on a day to day basis. You must sensationalize the headline to garner more reads and clicks right? Anyways, since they started the trend, most people--especially the newbies--are using the word crash every chance that they get. It gets misused and thrown out of context so much that every discussion it has been to, only a handful of people only gives their two cents to explain why the event isn't a crash.

Perhaps it's not only unique to crypto.  It's probably a bad habit people have picked up from the media in general.  It's as though no one has the attention span or patience to even see subtlety or nuance nowadays.  Everything either has to be best or worst case scenario.

[Distinctin]

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.

Because we have nothing worried also. Dumps, pumps, we are all seeing this all the time. Crash can be happening as well but this is far different when are just talking about market corrections. 1%, 5%, or even 10% can't be considered as a crashing trend for me, well, maybe you?

Yeah, I believe that the market will be bouncing back to the dip again but this can please us to worried about every correction and dumps we see.

[Bilgent]

so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.


am I alone?

A one percent drop has nothing to do with a "crash". I don't use that term even when the price comes down at a very high rate. We could consider it as a "sharp decrease" rather than a "crash".

[jossiel]

You're not.

When there are dips like this or correction as what we used to say, the others are in panic questioning how low this should go on. And for those YTbers, they are all for the views.

They also create panic to their viewers as if there's no way bitcoin can recover after all of these corrections.

[davis196]

Nobody calls a 1-5% Bitcoin price drop a "crash".Maybe some of the crypto newbies call it a crash,I guess.
The price drop,that happened in March 2020 can be called a crash.The Bitcoin price dropped from 10K to 5K in one day,if I remember this correctly.A 50% price drop in one day can be called a crash.
I successful 51% attack or a big problem inside the Bitcoin Core blockchain won't be called a crash.
It will be called a disaster/apocalypse.

[zanezane]

The people in the forum is a mixed bag, meaning that there are those who consider 1 to 5 percent a crash while there are those who don't consider it a crash. I don't think that it is a problem though because it is their opinion and if you are easily influenced by that then that means that you don't know how to form your own opinion and you don't know how to think for yourself.

[ivankoh]

so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.

i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.


am I alone?

Collapse or accident is just the essence of pessimism.  it is just an abstraction with invisible power for concentration in order to gain dominance by simple FUD information.  That accounts for a majority of my thinking.  Or what they were once haunting about upheaval in late 2017 and early 2018, some mixed feelings of doubt.  Almost having to get used to them, the current bitcoin power was not in the "bubble" but it became a trillion asset.  Bitcoin has slipped through a new threshold where the catalyst in origin is covid 19. There will be no symptoms of a 51% drop or worse.  At least my beliefs are at this new stage!

[jseverson]

The term crash imply  there is something  fundamentally wrong with the algorithm (like a 51% attack)

I agree that the term seems to be used liberally, but at the same time it mostly only refers to prices, so it shouldn't have anything to do with Bitcoin itself failing for whatever reason.

One of the definitions of "crash" from Google:

a sudden disastrous drop in the value or price of something, especially shares of stock.

Something like that can happen (and has happened) without Bitcoin fundamentally failing at something. That being said, their use and your use are simply on the opposite ends of same spectrum -- they use it liberally, and you use it conservatively. Everyone will have different opinions as to who uses it better lol.

[joniboini]

When you're here long enough you'll probably start to ignore all of those click-bait articles and videos and stick with your own principles. I think all of them are just noises and only newbs will be easily swayed by them. You'll literally see a hundred times the media or streamer claims that Bitcoin will die or crash when we get a massive -70% correction from ATH every three years or so.

Just use your own filter. Remove the opinions and take the facts presented, build your own analysis, and believe in your investment before you buy and decide to hold it.

[Kakmakr]

The traditional Stock market traders and people that are writing financial articles are not used to the kind of volatility that Crypto currencies have, so a drop in price over 5% is alarming for them and everything over 10% is perceived as a "Crash"!

I will not be too worried about their over reaction to Crypto currency volatility, because they will eventually get used to that. The Bitcoin volatility will also stabilize as more bitcoins is distributed to more people.  

[AGD]

For me a btc crash is always a dip

[Zanab247]

When you're here long enough you'll probably start to ignore all of those click-bait articles and videos and stick with your own principles. I think all of them are just noises and only newbs will be easily swayed by them. You'll literally see a hundred times the media or streamer claims that Bitcoin will die or crash when we get a massive -70% correction from ATH every three years or so.

Just use your own filter. Remove the opinions and take the facts presented, build your own analysis, and believe in your investment before you buy and decide to hold it.

Sometimes carry out your personal research is the best way to to determine when and where the market will dump or pump for you to be part of the good news. Those people shouting that bitcoin will soon die or crash when it get to $70k or $100k are those babies investors who always listen to fake social media than their personal research.