Topic: Benefits of Bitcoins recent price drop - page 4. (Read 755 times)
I'm not sure I buy the idea that the drop in price is some kind of grand plan to weed out impatient holders and make the Bitcoin ecosystem stronger. Seems like a bit of a convenient explanation after the fact.
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 It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin
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.
Whenever btc drops we have seen a good comebacks of btc stronger than previous one. in 14 year of Btc history we have seen drop of Btc many times and after every drops we seen ATH which show that Btc drop or correction is most important for btc to rise strongly.
Whenever Big whales and institutes want to buy btc in large amount they first drop btc which creates fear in market. As a result week hand start selling btc which further drop price of btc. When whale find that all weeks hand now leaves the market and Price now become stable they start buying for long term and now Btc price lower point will be high with great buying volume which increase the chances of ATH.
Whenever Big whales and institutes want to buy btc in large amount they first drop btc which creates fear in market. As a result week hand start selling btc which further drop price of btc. When whale find that all weeks hand now leaves the market and Price now become stable they start buying for long term and now Btc price lower point will be high with great buying volume which increase the chances of ATH.
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 It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin
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.
However there are many newbie investors which panic at the first sign the price is going down, something that we are witnessing right now on the forum, and taking into account that social media is prone to all kind of clickbait and exaggerated news then it would not surprise me if this was even more common there than on the forum.
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.(....)
yes, I agree with the topic you made that it is true that the decline in bitcoin has a positive impact on those who understand and experience bitcoin, because usually people who don't understand bitcoin will actually be afraid to buy when the price of btc drops, and indeed with the circumstances bitcoin now which is down and can also be called a correction,
is a good opportunity and don't waste it because when the price of btc drops, it's the right time to buy btc and accumulate as much btc.
I think this is a very good topic friend...
is a good opportunity and don't waste it because when the price of btc drops, it's the right time to buy btc and accumulate as much btc.
I think this is a very good topic friend...
The benefits of Bitcoin price drops are:
- Bitcoin could be consider on sale since the price is low.
- The weak hands are shaking and jumping out.
- Only the true believer would stay and take opportunity of it.
- It is time to buy more or accumulate more
Benefit would only be justifiable if you are the ones who would really be making out such purchase or accumulate or DCA on the time that the price do make out some correction.
We know that commonly that on the time where the market does have this kind of condition then people do even sell out more or simply panic selling because they cant really just
able to bare up that condition and this is where people do differs specially into these conditions or scenarios.
If you do look on the brighter side of things then having these drops are actually that the moment which we could be able to accumulate much cheaper coins.
Basing up into those points above are indeed price and true and people should really be seeing these things to avoid themselves on selling out cheap or in loss.
This had been always the case which it is something that needs to be avoided.
The True benefit is when the bitcoin price drop you can buy more you can accumulate more. 
Accumulating the DCA way, accumulating the lump sum way if you dare all at once, but it's the best way to make the most of it during a downturn.and another benefit is training your patience or your emotion. If you hodler or trader you can still made a profit even tho the price is drop or at the bear market like this. and of course the benefit that your mention before is also included
Practicing patience, discipline, emotion, not panicking must exist within us so that we are not affected by any FUD which makes us weak, I know this journey is quite long but time will pass quickly and we will soon reach the halving accompanied by ATH ( this is a 4 year cycle) while the price is still dropping, make good use of it whatever way we have to take it if you believe in bitcoin. 
In my opinion, the current correction in market is certainly appropriate to invest in Bitcoin and I doubt if it is going to last long, that means it is perilous to wait for a lower price than the recent one. In addition to that, the benefits and drawbacks always existed in every development in market. Simply, buy when the market at red sell at green ( if needed ) and it would be better if you save an acceptable amount of stable coin for better opportunities ( upcoming drops ), indeed the current correction is temporary but what if the opposite happens? And Bitcoin will keep decreasing dramatically. In conclusion, when a sudden event occurs, analyse the market and expect all possibilities, that would help you in taking decisions.
Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understand Bitcoin better.
The drops in prices gives investors like myself windows to buy more Bitcoin at a very cheap price. Price drops are opportunity to buy more Bitcoin and not a window to sell but people sell when there's a drop in price which is very wrong. Their decision make me questions them why they didn't sell when the price was higher but they always think they price will go higher that's why.
People are always greedy when the price is increasing and become fearful when the price is dropping. They refuse to sell when the price is high but when the price then drop, they panic and begin selling, usually those who are guilty of this are newbies or beginners that have no experience of the market or those who aren't using spare money to buy Bitcoin.
When the money invested isn't your spare, you wouldn't be at peace with the market. We shouldn't invest money that are borrowed or meant to be used for other important things in buying Bitcoin or we'll regret.
There are several benefits to a price drop for those who have yet to invest or are waiting to accumulate. A drop in price often indicates an upcoming surge, and experienced traders can take advantage of the volatility. Sometimes, a bear trap occurs when panic sellers exit the Bitcoin market. Personally, if I believe it's the right time to buy, I try to accumulate during major drops.
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
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
Your reasons are inturn so funny to me especially talking about helping people who have long waited to join the Bitcoin ecosystem and I have to disagree with you because we are trying to recover from the bear market that already lasted for almost a year if not more than a year and you think similar people who couldn't grab the opportunity when the market was fully seated at $17k bear market will miraculously just dive into the market now, hell no this is human dealing with crypto and human must always doubt and there are certainly people who truly want to be part of this Bitcoin journey but unfortunately I don't think they will simply because they are scared of losing any money along the line and it's fine because not everyone must have a better life through Bitcoin or cryptocurrency at large.
The major benefit of the recent drop in price is that it only help those who wanted to buy but the have the money as at then to buy now that's if they now have the money to.
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 It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin
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.
Would basically open opportunity to investors who missed the recent uptrend. But things won't be as easy as it would sound. No one knows when will the market price again increase or even reach new ATH. Therefore, there would be no assurance of until when will an investor need to hold in order to generate peofit from investing in this industry. The correction which took place recently has no certainty of how low could the price be; based on the chart, the market price continued to increase since last january wherein the price was still $15k. In comparison to its present market value, the price could be lower than its current. Would be in favor of those who earned already to again, invest, but would be a bad thing to those who entered halfway of the uptrend because they's be forced to sell and again enter.
It is not necessary to look for the benefits of when a bitcoin price falls, it is there in everyone's face, manifesting itself, it is "buy" if from 30 thousand dollars it went to 27 thousand dollars what it tells us is "buy" it is simple, no Nothing more is needed, not much analysis, and if the price continues to drop, what should be done is to continue buying, logic indicates it, because at some point in the history that we are living, bitcoin will have a great ATH and if not, it will take advantage of it. With these opportunities, when will it be used when the minimum is 100,000 dollars? and say that bitcoin is a bubble like they always do..
The True benefit is when the bitcoin price drop you can buy more you can accumulate more.
and another benefit is training your patience or your emotion. If you hodler or trader you can still made a profit even tho the price is drop or at the bear market like this. and of course the benefit that your mention before is also included
and another benefit is training your patience or your emotion. If you hodler or trader you can still made a profit even tho the price is drop or at the bear market like this. and of course the benefit that your mention before is also included
You are absolutely right mate. You see market down us actually the right time to bah more for those who have eyes on bitcoin to purchase more. When the market is down, some holders who bought high would be in a panic to sell their bitcoin so as not to make loss and this are mostly done by new bies who have no idea how the system works and they buy with the mindset of holding for a short time to making profit and when such scenario occurs they become distabilised and quickly sell without having the thought of holding for a long time.
Lastly as you have stated, this scenario of bear market shows how patient some investors and holders could be. When the market is down, it is expected that as an investor holding for a long time, you should be able to hold your bitcoin without allowing the market conditions to force you in doing otherwise.
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. It is not new, the benefit n the Bitcoin drop is that Bitcoin transactions will be even, and there is going to be an increase in Bitcoin ownership cuz even those who bought it at a high price will have to buy more instead of selling. It is also a great blessing for a newbie who hasn't invested in Bitcoin before.
If we want to make profit in investment then we must buy and hold more when the market is in bear market. Then the market will grow once, then sell it and then you can get profit by investing. But there are some new investors who invest without analyzing the market and later face losses and collapse. I think investing should not be impulsive at least but investing wisely will not face loss in future. We always want the value of bitcoin to increase constantly but the bitcoin market is stable and always on the upswing. Therefore, to be profitable in investment, first of all, you have to observe and practice the market well, then you have to invest in the bear market.
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
Sure, some pretenders buy Bitcoin and then sell it for a small profit, which is not the right thing to do as a good investor who trusts the Bitcoin process; this has given people who have been waiting for an opportunity to invest in Bitcoin at this reasonable price the opportunity to buy and hold their Bitcoin for future use.Quote
It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value
The patient Bitcoin holders will also have the opportunity to add more Bitcoin to their portfolio, and they will be more confident in limiting their Bitcoin spending because they trust the process and hope for a bright Bitcoin future.
The benefits of Bitcoin price drops are:
- Bitcoin could be consider on sale since the price is low.
- The weak hands are shaking and jumping out.
- Only the true believer would stay and take opportunity of it.
- It is time to buy more or accumulate more
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