Benefits of Bitcoins recent price drop - page 2.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: Xcode7 on September 18, 2023, 12:19:39 AM

Quote from: martinex on September 17, 2023, 11:29:47 PM

Looking at the market and discussing market conditions with price drops that change almost all the time, on the one hand can be seen as a reminder of the speculative nature of the market. Indeed, this will strengthen the ecosystem, but it will also result in losses, especially for some investors, and will have implications and hinder mainstream adoption, provided that if there is a market correction, the price of BTC continues to fall again. Look, the price of BTC now and compare it 1 month ago with today. Well, some people also argue that Bitcoin's price movements are largely driven by speculation rather than its usefulness as a digital currency.

However, this is comparable to the desires and hopes of many people with the current decline to be able to enter/buy Bitcoin at a cheaper price, regardless of the losses or commotion that occur to investors when a price correction occurs, but many investors should be able to understand the price. Bitcoins. It is volatile and fast moving enough that anything is possible and therefore most investors will be prepared for this.
The decline that has occurred recently is not a big hope for many people, but I am sure there are some people who are happy and react to this positively and I never thought that Bitcoin price movements were driven more by speculation than its use as a digital currency.

Bitcoin's price have always been surprising due to its decentralisation and enthusiasm. Yes, buyers must know how quickly its price shifts. Its crucial to keep in mind the original motivation behind the creation of Bitcoin, even though many people still cling to the dream of buying low and selling high. It was a decentralised money approach and a technique to make money. The focus on usefulness speculation has surpassed this. Bitcoin should be seen as more than just an investment and as a tool to alter your financial habits.

terrific

hero member

Activity: 2324

Merit: 513

Catalog Websites

Quote from: Salahmu on September 18, 2023, 03:26:50 AM

In every drop on Bitcoin price present an opportunities for short time traders who doesn't have much knowledge about Bitcoin and just decided to accumulate and sell as the price goes up a bit because of there fear of uncertainty while others who believes the potential of Bitcoin will always sees the drop as an opportunity to accumulate a good amount of Bitcoin

It is a common knowledge that whenever the price of Bitcoin drops, that's the sign that it's an opportunity that everyone has to take. Without having any thoughts, you're doing the right thing if you foresee yourself to be long on this market holding it.

Quote from: Salahmu on September 18, 2023, 03:26:50 AM

and most times irrespective of the current price of Bitcoin weather up or down the long time holders always sees opportunity to accumulate knowing fully well the potential of Bitcoin in the future will be great.

Accumulation has always been there. Up or down and if you're for the long term, there should be the initiative from you to check not just the market but also yourself if you've got some spare and money to take that opportunity.

GigaBit

hero member

Activity: 1666

Merit: 513

Leading Crypto Sports Betting & Casino Platform

Quote from: Victony on April 22, 2023, 04:43:24 PM

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value

Those who are new holder of bitcoin or who have little knowledge about bitcoin they often regret when the price of bitcoin reduce a bit but real holders are considered fall of Bitcoin price is a golden opportunity for the bitcoin holders. A new bitcoin investor may be worried about the falling price of bitcoin. They may sell their bitcoins by the fear of loss but those who know about bitcoin and can predict they will never miss the opportunity if they can afford it. There are some Bitcoin investors who wait for that desired time. Those who are new investors should invest in Bitcoin after gaining a good understanding about Bitcoin. Otherwise they will fail to hold their bitcoins.

Salahmu

hero member

Activity: 588

Merit: 466

Hire Bitcointalk Camp. Manager @ r7promotions.com

In every drop on Bitcoin price present an opportunities for short time traders who doesn't have much knowledge about Bitcoin and just decided to accumulate and sell as the price goes up a bit because of there fear of uncertainty while others who believes the potential of Bitcoin will always sees the drop as an opportunity to accumulate a good amount of Bitcoin, and most times irrespective of the current price of Bitcoin weather up or down the long time holders always sees opportunity to accumulate knowing fully well the potential of Bitcoin in the future will be great.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: icalical on September 17, 2023, 04:24:46 PM

Yes, that's what happened most of the time, people who are selling Bitcoin at the time of Bearish market mostly are people who just know about Bitcoin and try their luck on it. When they see it doesn't work they will just sell it. But for me, I don't see it as a good thing too tho, it's still a lost, attracting more people tho Bitcoin is always a good thing, and I don't think it's wrong that people initial motivation to buy bitcoin is for a profitable investment.

We all want profits but most of the people getting in lack the speculative trading knowledge or how Bitcoin Cycles, in general how trading works and all. But beyond that they miss out reading the charts and observing the Bitcoin price swings over the years. They often take loans to buy Bitcoin which is a horrible mistake and they attempt to gamble on shitcoins.

Long term holding needs patience and bitcoin works the same too. Selling at the low is a newbie mistake and should be a lesson for those willing to stay in the game.

Bitcoin will not give you a short term huge profit, this should be clear to everyone.

Xcode7

sr. member

Activity: 1148

Merit: 432

Quote from: martinex on September 17, 2023, 11:29:47 PM

Looking at the market and discussing market conditions with price drops that change almost all the time, on the one hand can be seen as a reminder of the speculative nature of the market. Indeed, this will strengthen the ecosystem, but it will also result in losses, especially for some investors, and will have implications and hinder mainstream adoption, provided that if there is a market correction, the price of BTC continues to fall again. Look, the price of BTC now and compare it 1 month ago with today. Well, some people also argue that Bitcoin's price movements are largely driven by speculation rather than its usefulness as a digital currency.

However, this is comparable to the desires and hopes of many people with the current decline to be able to enter/buy Bitcoin at a cheaper price, regardless of the losses or commotion that occur to investors when a price correction occurs, but many investors should be able to understand the price. Bitcoins. It is volatile and fast moving enough that anything is possible and therefore most investors will be prepared for this.
The decline that has occurred recently is not a big hope for many people, but I am sure there are some people who are happy and react to this positively and I never thought that Bitcoin price movements were driven more by speculation than its use as a digital currency.

martinex

full member

Activity: 392

Merit: 130

PredX - AI-Powered Prediction Market

Looking at the market and discussing market conditions with price drops that change almost all the time, on the one hand can be seen as a reminder of the speculative nature of the market. Indeed, this will strengthen the ecosystem, but it will also result in losses, especially for some investors, and will have implications and hinder mainstream adoption, provided that if there is a market correction, the price of BTC continues to fall again. Look, the price of BTC now and compare it 1 month ago with today. Well, some people also argue that Bitcoin's price movements are largely driven by speculation rather than its usefulness as a digital currency.

Texac

hero member

Activity: 2086

Merit: 513

DGbet.fun - Crypto Sportsbook

Quote from: freedomgo on September 17, 2023, 04:58:37 PM

It’s always known that every time bitcoin price drops, it always opens a new opportunity for new investors to enter the market and buy significant amount of bitcoin while it’s on bargain. Same like when the market turns bearish, it’s always the best time to pursue investing in the market as it creates potential investments and maximize your accumulation on it. So when we see in the market that crypto prices are getting low, it does not mean that we should lost or hope, but it’s a sort of encouragement that we should keep investing on.

As an experienced investor, everyone will know that the decrease in bitcoin price is an opportunity, but whether it is an opportunity or not depends on many factors. I mean the bear market is here to stay and we will never know when it will end. many people with large amounts of capital are always excited about larger discounts, but for those with small amounts of capital and not enough money to invest, larger discounts are not a good thing.
In recent days, bitcoin has dropped more, but I think there are not too many people left with capital to invest, so most people expect the market to increase rather than continue to decrease.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: virasog on September 17, 2023, 02:38:16 AM

Quote from: WatChe on September 17, 2023, 01:59:22 AM

-snip-

The recent low bitcoin prices give an opportunity for the holders and believers of bitcoin to accumulate more bitcoins. Also, this gives another chance to those who wanted to have Bitcoin in their portfolio but waited for a low price to buy. Now is their time to buy and accumulate as we know that bitcoin will reach its All time high again near or after the halving.

Only the people who are in long positions or who do not know the future of bitcoins will panic at the bitcoin price drop. They get influenced by social media where they will find all the bad news along with the price drop making the investors' confidence shake and many weak hands just sell out their bitcoins.

Adherents of long-term investment with the DCA strategy certainly hope to be able to accumulate as much as they can. Current market conditions allow them to do so as often as possible - but of course some adjustments due to inflation need to be considered. I'm not talking about institutions or whales - but this is about investors who only invest from the budget they manage to save at the end of the month.

We are certainly aware that bitcoin price volatility can have two different impacts on investors. Some investors use it to accumulate - while others panic and sell at a loss. Long-term investments by holding bitcoin without caring about volatility are often considered safe because they can minimize losses - but considering accumulation as a long-term plan can also give investors multiple benefits.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

It’s always known that every time bitcoin price drops, it always opens a new opportunity for new investors to enter the market and buy significant amount of bitcoin while it’s on bargain. Same like when the market turns bearish, it’s always the best time to pursue investing in the market as it creates potential investments and maximize your accumulation on it. So when we see in the market that crypto prices are getting low, it does not mean that we should lost or hope, but it’s a sort of encouragement that we should keep investing on.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: icalical on September 17, 2023, 04:24:46 PM

Quote from: Victony on April 22, 2023, 04:43:24 PM

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value

Yes, that's what happened most of the time, people who are selling Bitcoin at the time of Bearish market mostly are people who just know about Bitcoin and try their luck on it. When they see it doesn't work they will just sell it. But for me, I don't see it as a good thing too tho, it's still a lost, attracting more people tho Bitcoin is always a good thing, and I don't think it's wrong that people initial motivation to buy bitcoin is for a profitable investment.

We could think that not all can take risks, yes, some just invest without knowledge.
Well, I can't blame them either because of their market understanding. We can say that newbies sell often when the market price drops but on the other side, this will give old investors the chance to accumulate more and take advantage of the situation. We can say that only those people who fully understand the nature of the market will be able to hold and remain calm but for those doubtful people, panic and negativity easily come into their minds.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

Quote from: Victony on April 22, 2023, 04:43:24 PM

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value

Yes, that's what happened most of the time, people who are selling Bitcoin at the time of Bearish market mostly are people who just know about Bitcoin and try their luck on it. When they see it doesn't work they will just sell it. But for me, I don't see it as a good thing too tho, it's still a lost, attracting more people tho Bitcoin is always a good thing, and I don't think it's wrong that people initial motivation to buy bitcoin is for a profitable investment.

Ale88

legendary

Activity: 2576

Merit: 2880

Catalog Websites

Quote from: Victony on April 22, 2023, 04:43:24 PM

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value

Price drops are great for two main reasons:
- We get rid of all the useless people who bought bitcoin just to make some quick bucks, those people are going to sell while losing money because usually they think the price will never recover, that's why they don't understand what bitcoin is;
- It's a great opportunity to buy more, for me any price below $30k is a great buying opportunity.

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

Quote from: dzungmobile on September 17, 2023, 09:14:54 AM

Quote from: Blitzboy on September 17, 2023, 09:09:09 AM

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

The market is between selling and buying which are done by sellers and buyers. If you are a seller, there is another buyer who complete the deal with you on cryptocurrency market or through peer to peer trading platforms.

If you use DCA and have good investment capital as well as income with part of it for DCA regularly, you will not have to care too much about what dips are best to buy. Dips are great opportunities with discount prices so buying dips is great than normal buying.

Anytime the market falls, I do see it as an opportunity for everyone of us that are investors to key in and buy Bitcoin since we don't know what we will happen next to the market. The market may fall further or go bullish not knowing when the bull market will commence. We surely know that the bull market will be available to us very soon that is why we need to key into the market and hold as much cryptocurrency we can so that we can make profits too when others will be counting there profits so far they have made in the market.

dzungmobile

sr. member

Activity: 854

Merit: 424

I stand with Ukraine!

Quote from: Blitzboy on September 17, 2023, 09:09:09 AM

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

The market is between selling and buying which are done by sellers and buyers. If you are a seller, there is another buyer who complete the deal with you on cryptocurrency market or through peer to peer trading platforms.

If you use DCA and have good investment capital as well as income with part of it for DCA regularly, you will not have to care too much about what dips are best to buy. Dips are great opportunities with discount prices so buying dips is great than normal buying.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

A decline in the price of bitcoin will give novice or old investors the opportunity to make their first investment or buy bitcoin back at a low price.
This has helped many people, most of them are beginner investors who want to invest in bitcoin.
However, many people panic because the price of bitcoin has decreased without them being able to predict.
And it should be that when the price of bitcoin starts to decline, people should prepare their money to buy at the purchase price they want and start investing it gradually.
And if the price of bitcoin declines to $25k or lower again, it would be a good time to accumulate more bitcoin because it is a discount for those who want to buy bitcoin at low prices.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: irhact on September 17, 2023, 04:40:04 AM

Quote from: Salahmu on September 16, 2023, 06:15:04 PM

Every drop on Bitcoin price always present an opportunity for people to accumulate and in times of the impatient holders it all depends on there perspective and target who prefers buying low and selling immediately as the price comes up, those people have a fear of uncertainty they listing to critics from people about Bitcoin which is caused by lack of knowledge about Bitcoin potential, but for those that sees Bitcoin on how well it will become in the future will utilize the opportunity to accumulating from the price drop.

Every Bitcoin dip present us with an opportunity to accumulate because we know in the future the price of Bitcoin will increase and give us profits. We shouldn't be scared of the market when it dips but be happy because now we can buy Bitcoin with a discount. The only benefits of a dip in Bitcoin price is the benefits the dip gives in reducing the price of Bitcoin so we can use same amount of money and buy more amount of Bitcoin to continue holding in our private wallets.

Only the impatient individual that are looking for quick profits will ba scared when the market dips and they'll sell their Bitcoin because they don't want to lose money but the set of individuals that have patience are those that'll benefit when the market rise back up in profits.

Dips, downturns, downturns - whatever you choose to call them, they're like surprise sales in the market. When everyone else is yelling, "The sky is falling!" smart people like you are probably digging through their wallets and counting their cash, ready to grab a deal. You see, a dip isnt just a blip; its a chance.

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

Gladitorcomeback

hero member

Activity: 812

Merit: 619

Quote from: Wapfika on September 17, 2023, 07:56:13 AM

Quote from: posi on September 17, 2023, 07:49:20 AM

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Because newbie often panic sell that’s why I understand his sentiment about them. Most of the Newbie(not all) usually panic sell whenever there’s price movement downward since they always check the price. Only few pro old time trader do it and most of them doesn’t know the basic trading strategy.

Newbie are not the responsible for btc drops. Thier investment are not more than 1% could not bring any big movement in the market. The real responsible for this are big whales and exchanges. The real goal behind this drop is to liquidate big investors and you will see that drop of 10% of btc exchanges liquidate many million $. First they buy the news and then when people open position the whales play game and market reacts in opposite direction.

This is true that newbie often sell in panics but blaming them for price drop is totally wrong. Newbie selling impact on market is same as taking out a glass of water from the sea.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

Quote from: posi on September 17, 2023, 07:49:20 AM

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Because newbie often panic sell that’s why I understand his sentiment about them. Most of the Newbie(not all) usually panic sell whenever there’s price movement downward since they always check the price. Only few pro old time trader do it and most of them doesn’t know the basic trading strategy.

Quote from: posi on September 17, 2023, 07:49:20 AM

Don't forget that in the market, in addition to long-term investors like us, there are also day traders and futures traders. So it is completely understandable that bitcoin is liquidated and sold at low prices, we should stop blaming newbies. Not to mention, there weren't even any new people selling their bitcoins, the price drop was just a manipulation to liquidate the short order.

Day traders and futures traders is not the culprit for this huge movement since they trading based on the daily price range or else they are not day traders if they dump out of the range. In able for the price to go lower than the average low price needs a huge sell pressure coming from different people that doesn’t care about the price and just want to exit.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: gabbie2010 on September 17, 2023, 04:46:14 AM

Quote from: Victony on April 22, 2023, 04:43:24 PM

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value

Truly some Bitcoin hodlers particularly newbies will definitely dump their coin as a result of panicking it is a very common scenario, however a larger owners or hodlers never bothered with any price drop because it's obvious the price would definitely rally back to turn bullish because price history repeat itself, while some hodlers also sold part or all the coins at the peak price to earn some profits as well as waited for a price drop to buy just like the present price drop and start accumulating again thus this process is being continuously repeated by the process of buying low and selling high though this requires some little knowledge of how to and when to buy low and when to sell high.

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Don't forget that in the market, in addition to long-term investors like us, there are also day traders and futures traders. So it is completely understandable that bitcoin is liquidated and sold at low prices, we should stop blaming newbies. Not to mention, there weren't even any new people selling their bitcoins, the price drop was just a manipulation to liquidate the short order.

Topic: Benefits of Bitcoins recent price drop - page 2. (Read 755 times)