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
Topic: Benefits of Bitcoins recent price drop - page 5. (Read 755 times)
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
Impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better.
It is known that panic selling causes alot of price decline in the Crypto market and this is mostly caused by newbies who have no idea how the market trends works so in that case when they notice a sudden change in price, with the fear of loosing out from their investment, they are quick to press the sell botton when this happens, it gives room for more holders and also for people to bag more at that instance.It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin
It is known as well that when the market is down that is the suitable and most preferably the best time to purchase more of the bitcoin. This moment gives many holders the opportunity to bag more bitcoin to their already existing holding and also those onboarded will have the opportunity to also purchase in fractions as they can and hold as their plans are. At this point, it will be a kind of the lesser the price the higher the volume and the demand for it would increase thereby attracting more holders and increasing the purchasing power.It will help capable hodlers reduce Bitcoin spending to in turn help increase demand and value
When the price is actually down, real holders would be encouraged to hold more of bitcoin so they could have more profits rather than being quick to sell off. When there are no much sells as a result of holding, the price picks up causing more demand for bitcoin.
Only wise and patient people can see the fall in bitcoin prices as an opportunity because they can still buy bitcoins cheaply. But the people who panic about the dips won't see it as a flip because they might sell their bitcoins before they suffer a loss.
If they sell bitcoins, they are already at a loss because the value of money they get is less than before they bought bitcoins. Meanwhile, if he keeps holding his bitcoins, he still has the opportunity to make a profit when the bitcoin price rises again.
And now, we are again allowed to buy bitcoins at low prices. However, we must be wise in buying bitcoin and not buying all-in because there is a possibility that the price of bitcoin will fall again. Try to analyze the movement of bitcoins before buying bitcoins to find the time that works for you.
If they sell bitcoins, they are already at a loss because the value of money they get is less than before they bought bitcoins. Meanwhile, if he keeps holding his bitcoins, he still has the opportunity to make a profit when the bitcoin price rises again.
And now, we are again allowed to buy bitcoins at low prices. However, we must be wise in buying bitcoin and not buying all-in because there is a possibility that the price of bitcoin will fall again. Try to analyze the movement of bitcoins before buying bitcoins to find the time that works for you.
The recent dropping in price of bitcoin is a blessing to those that missed it from the time it should have been bought. I made my analysis on maybe to buy my crypto this week, the analysis was made yesterday but the result states that waiting is better because of the neutral tone of the tradingview signal. The lower price of the crypto will make it be bought cheaper and is an opportunity for safe investors. But it can't go as low as $15k, when it is around $22k, I can buy it.
Not only is the recent bitcoin price drop beneficial, but every bitcoin price drop is always beneficial, especially the dumping last year. I even got some bitcoins for $16k, $17k and for me it couldn't have been a bigger win and I won't have such an opportunity again in the future.
Bitcoin is also below the weekly average and seems to support this decline. Of course with the decrease in bitcoin price, the entries of those who want to join the ecosystem will accelerate and demand will increase. However, if you need to give advice to those who will make new investments from here, you should give up on sudden purchases and sales.
Be sure to be patient and adopt Hodl if possible. Inactivity is better than activity in this market. The market we are in is bearish and if you are going to invest now, never panic and wait. Hope to see you in the good days to come.
Be sure to be patient and adopt Hodl if possible. Inactivity is better than activity in this market. The market we are in is bearish and if you are going to invest now, never panic and wait. Hope to see you in the good days to come.
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
Well, it's difficult to hear it that many are impatient but then you know who are amongst those who really are waiting for those sold bitcoins at cheaper price?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 are the whales and the institutions like Microstrategy that have been dedicated to acquire as many bitcoins as they can because they do understand the promising future of it based on the factors that it has got.
The Bitcoin price drop can have different benefits and consequences, when the price is lower, newcomers who want to enter the crypto market have an opportunity to invest in Bitcoin or other cryptocurrencies at a fraction of the cost lower investment. Lower prices could get support from mid-term or long-term investors, helping to reduce selling pressure in the market. A falling price provides a more accurate assessment of Bitcoin's true value, making the market more honest. However, price drop can also have consequences, I think lucky investor can still sell their Bitcoin before the price drops, but unlucky investors will lose money when the price drops. Along with that, unstable growth can reduce the reliability of Bitcoin as the currency of choice for investment or use in transactions. The drop in price not only affects Bitcoin but also affects the entire crypto market, which in turn can create instability and difficult to predict in the market. All in all, the Bitcoin price drop can bring both benefits and consequences to the cryptocurrency market and investors, so it is necessary to have a sound investment knowledge and strategy before deciding to invest in Bitcoin or not any other asset class.
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
In everything, always take advantage of the situation or circumstances that surrounds it, when bitcoin price is dip, some make their money that exact time while others also make theirs when it surges, this was because they understand what they are doing, trading does not rely only in buying and selling, it involves the understanding of the market strategies and patterns in which bitcoin price is going toward, this direction could be deduced from the chart pattern on weekly candles, speculation on price and comparisons of previous occasions on bitcoin price at same time.
I don't think the recent drop 10% in 7 days is really a big matter, it's normal and not that big. Many people already suffer higher than that especially if they invest in shitcoins, but the difference is, holding shitcoins price high unlikely will recover while Bitcoin, anyone already expect it will recover after a year of halving season.
If Bitcoin price back to $20K, then it's obviously many people will spreading FUD and thread like this is needed to make weak hands aware.
If Bitcoin price back to $20K, then it's obviously many people will spreading FUD and thread like this is needed to make weak hands aware.
It's nothing but a shake out, this shake out is necessary because of weak hands, and some are saying that Bitcoin is going back to 15,000$, it sounds scary and possible but I am not bothered because every down fall of Bitcoin is a new opportunity, if your goal is 80k to 100k per Bitcoin its a good opportunity for you to keep accumulating. It won't matter if you are buying at 25,000$ or 15,000$, if your goal is a new all time high from Bitcoin do not stop buying.
Many people lose their cool once bitcoin start losing value, if you don't accept this as the normal thing you will always be in a panic and you may end up taking profits too early or even selling for a loss, Bitcoin market is not for weak people, and weak people in crypto space are those that failed to understand how Bitcoin works. Whatever the case might be, always plan for a long-term hold, a bear market will come to an end when the time is right.
When my portfolio goes down 20%, I always get affected, and this has led me to make some stupid decisions that I end up regretting. The first mistake I made as a crypto investor was fear of losing money. Do not make the same mistake, holding is the best way to grow your portfolio.
Many people lose their cool once bitcoin start losing value, if you don't accept this as the normal thing you will always be in a panic and you may end up taking profits too early or even selling for a loss, Bitcoin market is not for weak people, and weak people in crypto space are those that failed to understand how Bitcoin works. Whatever the case might be, always plan for a long-term hold, a bear market will come to an end when the time is right.
When my portfolio goes down 20%, I always get affected, and this has led me to make some stupid decisions that I end up regretting. The first mistake I made as a crypto investor was fear of losing money. Do not make the same mistake, holding is the best way to grow your portfolio.
With the recent price drop of Bitcoin it gives the investors an opportunity to buy Bitcoin at a lower price that is one of it's benefits.
Exactly, a lot of people are worrying too much about the price dropping, when it's always been an opportunity to buy whenever the prices are down and now with bitcoin's strong market price history, it should be a no-brainer for many people to get into it while it's not yet skyrocketing. But not many have the money to spend to get into long-term so we have to factor that in. full member
Activity: 1414
Merit: 129
The first decentralized crypto betting platform
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
First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!
I feel many people still don't understand the benefits of bitcoin correction and price drop, every time bitcoin corrects, there are many questions asking why, why bitcoin is falling without focusing on buying bitcoin when the price 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
First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!
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
I agree on this. This is always whatI’m thinking whenever the price of Bitcoin drop significantly. It’s a normal correction since we reach 30K from below 15K last year. I think having a 100% growth within a year is already a good achievement for us to less worried on simple price drop like this.
...and when the markets start rising again past the point at which they sold their Bitcoin
it teaches them that they either should have bought back at a lower price or never sold
in the first place!
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
First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!
...and this "correction" was due like the rise which will follow this fall.
Its funny how the Bitcoin price always have to "correct" to a lower price and never
in the opposite direction!
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
First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!
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
This is wrong on so many levels.
1.The Bitcoin price has nothing to do with the Bitcoin "ecosystem"(I assume that by "ecosystem" you mean the blockchain). The Bitcoin price could be 5 dollars right now and the Bitcoin blockchain would be as strong as if the price was 60K or 100K.
2.There is no such thing as "impatient hodlers". The true Bitcoin hodlers aren't impatient. The ones, who are selling BTC right now are the day traders and short term investors. They are not hodlers(or maybe they are hodling a part of their BTC and selling the other part).
3.The newcomers to the Bitcoin/crypto world don't understand Bitcoin better than the experienced Bitcoiners.
Bitcoin performance from the middle of March to April was very good, reaching $30k was the momentum that holders had been waiting for. Investments that understand Bitcoin performance always welcome the correction that has just occurred, they will prepare supplies before the plane departs on the next flight. After putting in a grueling job in the last few months, Bitcoin looks like it's looking to get back on steam for its next pump. What you just saw in the market is a normal correction experienced by Bitcoin, Holders who are afraid of market conditions will immediately release it to people who have the financial strength to welcome the upcoming bull.
The market sentiment turned bearish due to profit taking by some investors who had been holding Bitcoin since last year at around $15k, another cause of further Bitcoin decline as Bitcoin holders were unable to withstand the market pressures that invited mass selling. On the other hand this modest decline will reverse course leading to the liquidation of a large number of bullish investors who have always been optimistic about Bitcoin performance to return to above $30k.
The market sentiment turned bearish due to profit taking by some investors who had been holding Bitcoin since last year at around $15k, another cause of further Bitcoin decline as Bitcoin holders were unable to withstand the market pressures that invited mass selling. On the other hand this modest decline will reverse course leading to the liquidation of a large number of bullish investors who have always been optimistic about Bitcoin performance to return to above $30k.
Simply put, to make a profit on our investment, we need to buy low and sell high, and the bear market is our buying opportunity, so I never panic and always feel excited every time the price drops. It's an extremely understandable thing in investing, but I don't understand why so many people panic and panic when bitcoin drops 5% or 10%. People just always want bitcoin to go up and have the highest price. The price increase really has no effect if we don't have bitcoin in our pocket. It only makes us regret and envy the success of others.
The first benefit of the recent Bitcoin price drop is that it is made more affordable. People who have been buying Bitcoin will be happy that this time around they can once again buy Bitcoin at a discounted price. Those who have been buying in DCA mode will also be happy because this will bring down their average purchase price.
But those who have always been waiting for the price of Bitcoin to fall down so that they will buy will never really buy. If they don't buy when the price rallies and they won't also buy when the price corrects because they fear that it will decrease more, they will never really buy.
But those who have always been waiting for the price of Bitcoin to fall down so that they will buy will never really buy. If they don't buy when the price rallies and they won't also buy when the price corrects because they fear that it will decrease more, they will never really buy.
Jump to: