Can we please STOP calling it a CRASH? This is NOT the Stock Market.
cryptocurrency·@intothewild·
0.000 HBDCan we please STOP calling it a CRASH? This is NOT the Stock Market.
<h4>Per usual throughout my daily activities, I get into more than one conversation on the topic of crypto. Yesterday was no different. For the past week a lot of these conversations have revolved around the recent *"crash"* of the market. Yesterdays conversation finally cemented my belief that we need to stop calling these momentary dips *"crashes"* and instead call them what they really are. </h4> <center><h1>Market Corrections.</center></h1> The difference between the two, in my opinion, lies on the basis of market manipulation. It's obvious to see how government policy (or lack thereof, if it even made a difference) can have effects on stocks, bonds, funds, the housing market and so on. What we saw in 2008 here in the US was most definitely a **Crash**. A house of cards, which a few savvy people saw years prior, just waiting to fall. It was market manipulation by handing out mortgages to people who couldn't afford them. The banks, knowing most of these bad mortgages would default, didn't care because they knew the tax payers would bail them out.....and we did. Or I should say we had no say in the matter, it was essentially forced on the American people. <center>http://3.bp.blogspot.com/-Q_shmjOcPnk/U8aLR0WbEcI/AAAAAAAAEWg/A-kfSmspv7M/s1600/car-crash-10.jpg</center> <center>*This is a government style crash*</center> A Market Correction regarding cypto's is quite different. There is no government in charge. No interest rates to hold down or raise up confusing the market. No Great and Mysterious OZ behind the curtain pulling the strings. Market manipulation in crypto is extremely difficult, in regards to de-centralized crypto's anyway. <center>https://i.pinimg.com/736x/d5/5e/bb/d55ebb87dbb030c8bde558af1d55fd2f--pastor-traction.jpg</center> <center>*This is where fiat is headed*</center> A Market Correction is simply some people taking their share of profits. I'm not going to pump out my chest all high and mighty and think that people shouldn't be able to cash out when they want, it's **their** money. But to call it a *crash* is akin to saying that a chair didn't have 4 legs to stand on to begin with. It did have four legs to begin with, some people are just cutting off bits of the legs making it shorter. But it doesn't take long though for people to build it back up even higher in the coming days. <center>http://df_blogs_media.s3.amazonaws.com/wp-content/uploads/sites/68/2014/07/Blog-4-pic-1-Harbin-How-Often-Should-You-Really-Get-an-Oil-Change.jpg</center> <center>*This is a Crypto Market Correction*</center> If we want crypto to be accepted by the masses, I think it is imperative to use the right terminology when discussing the **benefits** of crypto. One of the main ones I see, is the lack of opportunity for market manipulation. Once we can convey that crypto is **NOT** a house of cards and can't be (unlike fiat), I believe we can win over hearts and minds (and wallets ;)) to join us on this once in a lifetime ride. <center>*Hope you enjoyed reading and let me know your thoughts! Steem on!*</center> *imgs from google*