Cryptomarket "Corrections" RANT

in #cryptocurrency8 years ago

Quit calling every price drop a CORRECTION! A price correction is when a coin has a BIG run up and then drops a little then levels off. Thats a correction! On the day to day, we have green days, and we have red days, we don't have a correction every other day! You sound ridiculous saying correction all the time.  Buy low sell high, how the market works ya dingles!   END RANT!

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The stock market has a defined measure. 20% down is a bear market. What a correction is, is somewhat dependent on what the media want you to believe.

I always ask: "How are the media positioned?" For crpyto they are either short or wishing they were in. Either way they want the price down.

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