An obvious fall in the price if cryptocurrency or the bitcoin is called the crash . This type of dip is very pronounced but if the call is a very minor one , it is called the bitcoin correction.
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Yeah, when there is an event if a Bitcoin crash a lot of its value is actually lost which can't be recovered over a long period of time, but in a Bitcoin correction the value would still rise to regain it's lost value.The bitcoin crash is a drastic fall in the price of the bitcoin. The bitcoin correction is a slight fall in the price of bitcoin. At this point ,the bitcoin is at the consolidation stage and obviously fluctuating at a minimum rate.
The bitcoin correction is when the cryptocurrency is at the consolidation stage. At this stage ,the level of fluctuation is not pronounced and it is not the right time to trade in the market.Yeah, when there is an event if a Bitcoin crash a lot of its value is actually lost which can't be recovered over a long period of time, but in a Bitcoin correction the value would still rise to regain it's lost value.
I always understand bitcoin retracement as a slight downward movement after a huge buying pressure. This retracement is also always as a result of some buyer selling out their investment with profit and might not likely last for a long time.The bitcoin crash and bitcoin correction at two different thing entirely .the bitcoin crash is a fall in the price of cryptocurrency while the bitcoin correction is a slight decrease in the price of bitcoin.
What i can understand in the whole issue of bitcoin crash and bitcoin correction is that a sudden dip in the price of bitcoin that happens far below the bearing capacity,but in the case of bitcoin correction,the price might just go a little bit lower than what it is currently trading in.I think that the differences between crash and correction is the magnitude of pullback and the length of time of decline. The bigger the drop in price and the longer it remains so can be a crash while the shorter and smaller decline is correction IMO.
Definitely, during bull seasons corrections will always occur in any kind of cryptocurrency including bitcoin. If a new all-time high is attained a lot of people will start selling because there will be a correction. Many people who are good in trading can capitalise on that to make more profit.Bitcoin crash has to do with the fall in price due to the market undergoing downtime and this affects the value of other coins as well, but Bitcoin correction has to do when the coin has been sold of wrongly.
Most of the investors wait for the moment, when bitcoin takes the correction are crash, because this is the best time to invest, so investors always grab this opportunity, because everyone knows whenever bitcoin takes correction, then the next move is bullish.Yeah , the crash or dip period is usually the best time to enter the market because after every dip or crash in the cryptocurrency market the next move is recovery and bullish market.
The thing about bitcoin crash is that it is a situation where by the price of bitcoin move down beyound the usual fluctuation,more than the average price loss,while correction is just a little drop in price,Often, novice crypto investors like me think that Bitcoin crashes and corrections mean the same thing, namely the decline in the price of Bitcoin, but according to many people crashes and corrections are different, can you explain the difference between Bitcoin crash and Bitcoin correction?