Benefits of Bitcoins recent price drop - page 3.

gabbie2010

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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.

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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.

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

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.

Such a long winter on the crypto market will contribute to the fact that more and more people will be doubt by Bitcoin, but those who firmly believe in this coin will of course continue to accumulate it and if the price continues to fall, this will be another good opportunity to accumulate as much Bitcoin as possible.

I’m even thinking about the need to make some kind of reserve of funds specifically in case something like this happens, as happened at the time of the Covid dump, it could happen, some short-term, significant drop that would be a very good opportunity to buy. But this may not happen, so now it’s worth sticking to the plan and buying Bitcoin.

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Quote from: GreatArkansas on April 24, 2023, 08:16:53 PM

Quote from: Othellobit on April 24, 2023, 06:47:30 AM

With the current price, some people will still not invest in Bitcoin Many will still be expecting a fall in the price till it starts rising.
(....)

This is a common problem with us, it's on our emotions and I believe most people can relate when times that price is dropping, we are afraid to buy because we are thinking it may still go down. Same also when pumping, we are thinking it will always go up and we really feel happy about it without thinking other circumstances.

There are many who think that Bitcoin will go down in the market, and there are also many who think that Bitcoin will go up in the market. That if we look at it until now, it is still very difficult to determine whether it will really fall or rise? With the volatility of Bitcoin, there is a chance that the movement is slow, and there is also a chance that its movement is very wild in the market.

In these instances of the situation, this is where the advantage comes in: you have an understanding of reading a graph or chart on a trading view platform, so you know if this is the right positioning to buy or sell Bitcoin or crypto.

It's not good that we just base it on guesses because we don't have the knowledge to read the crypto trading situation. This style of trading is not correct or invalid, in my own opinion.

Asuspawer09

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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

For sure it is not obviously a negative thing when the market price of Bitcoin drops a huge percentage since it is also a big opportunity for other investors and traders to buy Bitcoin at a good discount, It was sure not a good thing for someone who buys bitcoin before the drop because they already lose money when the price drop already but still you're not really going to lose money unless you're going to sell already at that time when the price drop.

Personally, I would prefer the market price to drop more since I am going for long-term investment I dont really have intentions to sell my investment at this time so for sure, so if the price sustain at this market point I could easily buy and accumulate more Bitcoin since I'm buying Bitcoin at a discount I could accumulate more in the Bullrun it is going to be a huge profit for sure. I mean the market is just a cycle so there are always going to be drops like this even at the top.

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

Quote from: BVeyron on September 16, 2023, 05:09:16 PM

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

Despite such low adoption level Bitcoin has made it to 67k$ and now trading at 26k$. We need to understand that every new technology is rarely welcomed in the start. A decade back Bitcoin started its journey from 0$ and nobody predicted that it will go to 67k$ in next ten years. No doubt the adoption level is low today but we cant say that same will be adoption level of Bitcoin in next five or ten years. The biggest greed in accumulating Bitcoin right now is the halving coming up next year that will suppose to take Bitcoin price to new heights (DYOR).

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.

WatChe

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Quote from: BVeyron on September 16, 2023, 05:09:16 PM

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

Despite such low adoption level Bitcoin has made it to 67k$ and now trading at 26k$. We need to understand that every new technology is rarely welcomed in the start. A decade back Bitcoin started its journey from 0$ and nobody predicted that it will go to 67k$ in next ten years. No doubt the adoption level is low today but we cant say that same will be adoption level of Bitcoin in next five or ten years. The biggest greed in accumulating Bitcoin right now is the halving coming up next year that will suppose to take Bitcoin price to new heights (DYOR).

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Right now many Bitcoin holders are giving up because the price isn't moving, we keep losing investors because we are in a bear market, but the little investors who held and keep buying in these lows are going to be the true champions in the next bull market, it's funny how people only want to be present when things are looking good, it shows that many people can't be trusted, only few will always stay when things get worse.

Do not be fooled, you must keep buying Bitcoin and hold very strong, when the market starts showing bullish signs, those who quit because the value isn't good enough will come back into the market, they will buy at a higher price, it's been going on like this since the beginning.

A bear market is where the real OGs are made, every dips in this period is an opportunity for those who knows what a real opportunity looks like.

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Quote from: Marvell1 on September 16, 2023, 11:34:11 PM

Quote from: BVeyron on September 16, 2023, 05:09:16 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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

It's hard to say whether bitcoin price is more important or adoption is more important, but one thing is that they are closely related. If adoption is not increasing and demand is not higher than supply, how can we stimulate prices to increase? So I think these two things will go parallel to each other, they cannot go in opposite directions. As for bitcoin being used to replace fiat, I don't think that will happen even if adoption becomes more widespread. Do you think the government will agree to let that happen?

I am a little ambiguous but hopefully I am right, it means that it might adopt Bitcon for a currency in business, we don't see that, some time ago Tesla had tried it and yes it was only briefly, we must understand the direction in this matter because of adoption = request, Either using Bitcoin to be an alternative investment or currency is an adoption, and when adoption increases on the market map of the market push that makes Bitcoin rise.

Maybe we can see El Salvador, Nayib Bikele regulates Bitcoin payments, I think now it is still in the learning stage for other countries because the financial system is very vulnerable, so it takes time to implement it.

The benefits of decline are very important for an investor, both old or new investors, a decrease in key where we can take advantage, as we know that Bitcoin always returns to the top price.

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Quote from: BVeyron on September 16, 2023, 05:09:16 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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

It's hard to say whether bitcoin price is more important or adoption is more important, but one thing is that they are closely related. If adoption is not increasing and demand is not higher than supply, how can we stimulate prices to increase? So I think these two things will go parallel to each other, they cannot go in opposite directions. As for bitcoin being used to replace fiat, I don't think that will happen even if adoption becomes more widespread. Do you think the government will agree to let that happen?

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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

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.

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Quote from: Stella Mese on April 25, 2023, 04:35:56 AM

when the price of btc fell, many were anxious and panicked and in the end, they took part in selling btc even though they made a loss and I personally have experienced and done that, because I still don't know much about the market situation.
but strangely when the btc price goes up, many panic buy because they are afraid of missing this price, this is really funny.

I think in this case it depends on us whether we take wise steps or not.

well, that's the cycle here in this market. so if you truly believe that btc will have a good future, one should slowly accumulate his satoshis every time the opportunity presents itself.
so this decision varies from one person to another. as they have their own financial capabilities as well as beliefs on this market. but one should not feel being forced to invest and buy coins. it should always be their prerogative to buy one.

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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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

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falling prices and rising prices will always occur and I can agree with you [OP], that indeed a decline will provide reinforcement for bitcoin to be able to move immediately when the time comes to increase.
but I really doubt and don't believe in that, that with a decrease in price, many will sell it, on the contrary, more and more will buy to add to the investment that has been made.

it could be as you think if the seller is someone who doesn't understand and there is a fear of receiving even bigger losses because the price purchased is higher than the latest price, causing panic which is actually detrimental.

I really believe that those who sell not big and bigger are still holding it even those who want to buy.

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Quote from: ektotanes on April 25, 2023, 02:30:55 AM

The price drop is a huge opportunity for new people to enter Bitcoin. It is as well a good opportunity to accumulate more coins for hodlers.
In fact, does this have a downside?

a decrease in the price of btc is common for people who are experienced because a decrease in btc provides a good opportunity for those who are interested in buying btc, but there is also a downside to a decrease in the price of btc, namely for people who do not have experience and knowledge it will make them panic and sell it even though they are at a loss. but in this case surely everyone's view will be different.

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This is not exactly a drop according to me, it’s just a slight pull from the market in order to have price correction. Yes as OP have mentioned this have many benefits, and if one is wise enough, then he might have already utilised this and started accumulating as many Bitcoins as he can. Bitcoins are very rare, so whenever there is a price drop, don’t think of anything else and start buying the coin. Bitcoins are bound to rise, as these are limited in numbers and the demand for the coin will increase. Hence treat each phase of Bitcoins positively and take the advantage.

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when the price of btc fell, many were anxious and panicked and in the end, they took part in selling btc even though they made a loss and I personally have experienced and done that, because I still don't know much about the market situation.
but strangely when the btc price goes up, many panic buy because they are afraid of missing this price, this is really funny.

I think in this case it depends on us whether we take wise steps or not.

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Quote from: fuguebtc on April 24, 2023, 11:58:14 PM

Quote from: mvdheuvel1983 on April 24, 2023, 10:56:56 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

I disagree with this statement. It is my believe that anyone who really wants to invest in bitcoin would irrespective of the rise or drop in price. They would have done their homework and learned that Dollar-Cost-Averaging strategy
helps them to buy bitcoin consistently at a specific time whether the price is high or. That is to say, the price wouldn't be their concern. Additionally, investing in bitcoin has nothing to do with the price rather with the individual.

Do you mean you invest in bitcoin but don't care about bitcoin price? I do not think so, once invested, whether short-term or long-term, the price is still the most important thing. No one wants to buy high price because it doesn't bring good profit for us. I partially agree with OP, discounting is good, and it helps strengthen the market, removing weak hands from the market. But given what's going on, I think bitcoin only corrected slightly, not plummet to cause panic in the market.

I agree with this, price is still a major factor that is needed to be considered when investing. I think it is also important to have a technical analysis of the price movement so that you can assess when to buy. This proves that the best thing to do is not to just buy on whatever price it currently has, you need to really assess the situation so that you can get a greater amount of profit.

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The price drop is a huge opportunity for new people to enter Bitcoin. It is as well a good opportunity to accumulate more coins for hodlers.
In fact, does this have a downside?

landheer

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from the price of more than $ 30k btc the price has slowly fallen down and it's strange that many are joining in selling btc even though they are losing, and now the price of btc is in the range of $ 27k and in my opinion with this decline there will definitely be many who will take advantage of the situation including many who buy btc with dca system.
so it's true that the reduction in the price of btc has provided many benefits for those who can take advantage of it.

hopefully btc price will fly higher.

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