Topic: Benefits of the current price and interest of people in bitcoin (Read 121 times)
In my own understanding, one of the benifits during this fluctuations is that it can create a lot of trading opportunities for bitcoin holders. There is no reason for the people to panic, and Bitcoin is not going away anytime soon. It is always essential to look at the bigger picture rather than what happened today or in the past months. Bitcoin's price should be considered an opportunity for the people to make use in buying bitcoin at a low price where they will soon attain a promising profit if they could wait for a longer time for bitcoin to recover.
I know that a lot of us lost money, because of a sudden price drop in February. My own investments are like 50% down right now as well. The market is still bleeding and sometimes it really makes me nervous (I bet not just me). And yet I think that this is the right thing to be. Now all those people who didn't really care are out the the game. Only patient ones are ready to wait for the price to go up slowly. The main benefit of the current bitcoin state is that there's no problem with transactions. I didn't send my btc anywhere since November till today. I sold some btc, because I really need money right now. What amazed me was the transaction fee. It is 12 cents for priority transaction! I haven't seen anything like this since perhaps last summer! And I think that such a sum depicts a healthy blockchain, which people don't overuse. Gradual establishment is better than rapid growth, because it doesn't attract so many people who have no idea about bitcoin, but want to buy it just because it's rising.
My opinion is that now is the time when miners need to understand that it is better to earn from a large number of transactions than to raise the price of the transaction indefinitely. Now is the best time to go for segwit2x. This will make bitcoin better and will be a positive signal for all users. I am confident that this will lead to higher prices and stabilization of the situation in the cryptocurrency market as a whole. 
Hopefully the weak hands type are gone, they mainly jumped in at the last minute anyway just to catch the wave up and planned to cash out quickly and weren't going to stick around in either event.
Now is a good time for people who really believe in Bitcoin's future to start to get in while the price is more reasonable. It very well may drop lower, but then it will be an even better buy. How many people were saying I wish I would have got in at 5k when it was above $10k, now is the chance.
For people who bough high and are still holding, your journey is a bit more painful, but long-term Bitcoin has always rallied to surpass previous highs, it just may take some time to get there.
Now is a good time for people who really believe in Bitcoin's future to start to get in while the price is more reasonable. It very well may drop lower, but then it will be an even better buy. How many people were saying I wish I would have got in at 5k when it was above $10k, now is the chance.
For people who bough high and are still holding, your journey is a bit more painful, but long-term Bitcoin has always rallied to surpass previous highs, it just may take some time to get there.
There will be no people who will lose money or his investment here if you did not cash out your investment, and just let it and hold it until such perfect time that is perfect time. Don't cash out now if you invested last year when the price becomes $12k or more.
There is always a loss even though they hold on this bear market. That's what we called paper loss. We can never dictate people not to cash out because there will be no liquidity if no one cash out. It is impossible for a certain things to only buy in and no buy out. We are just experiencing right now a major dump by whales that avoiding tax.
the benefits of bitcoin right now is, it is the right time to invest if you believe that there is a great chance that the price will increase soon,the cash out fees is lower. still i believe that bitcoin will recover from bad day, that it still the king of all crypto currencies, so it is still the virtue of patience that need to hold on will pay-off those who have faith and patiently wait. As to the interest of people to bitcoin,well there are still a lot of bitcoin enthusiast, willing to wait and hold their digital currencies until it perfect recovery will emerge.
Well its really misinterpreted with what this low value can do today. As you said, we just need to be patient and know the turns in bitcoin so we can hold our coins well. Eventually the value will start rising and bitcoin will overcome its stage.
I know that a lot of us lost money, because of a sudden price drop in February. My own investments are like 50% down right now as well. The market is still bleeding and sometimes it really makes me nervous (I bet not just me). And yet I think that this is the right thing to be. Now all those people who didn't really care are out the the game. Only patient ones are ready to wait for the price to go up slowly. The main benefit of the current bitcoin state is that there's no problem with transactions. I didn't send my btc anywhere since November till today. I sold some btc, because I really need money right now. What amazed me was the transaction fee. It is 12 cents for priority transaction! I haven't seen anything like this since perhaps last summer! And I think that such a sum depicts a healthy blockchain, which people don't overuse. Gradual establishment is better than rapid growth, because it doesn't attract so many people who have no idea about bitcoin, but want to buy it just because it's rising.
I agree with you, this correction makes everyone panic and stiff, even some people choose to go away from bitcoin, and look for other altcoins to invest.on March 15th, lightning labs, bitcoin startup lightning network launching LND software (lightning network daemon) beta version. which has a function to drive the main network blockchain. so the bitcoin transaction becomes faster and the fee is lower. besides that the correction conditions make everyone choose a hold rather than sell, resulting just little transactions.
bitcoin development slowly but surely makes the bitcoin value stable, if bitcoin rises quickly, I think the bitcoin is not normal, and the last, bitcoin will quickly also drops and it is difficult to rise again, like today.
If people continue to emphasize only the monetary aspect of bitcoin as a matter of concern or as the main attraction to those who have not yet been involved in the cryptocurrency field, we are condemned to live permanently with the stress that the high volatility of this market usually generates.
We should occasionally remember the principles that led to the foundation of bitcoin to de-stress a bit and learn to benefit from bitcoin, regardless of the price that it has.
That is the main problem with majority of the new people that get involved though. They just believe getting involved in Bitcoin it is easy money, everybody makes money, and everybody has their own unicorn. Kinda serves them right when their plan doesn't execute as a get rich quick scheme. We should occasionally remember the principles that led to the foundation of bitcoin to de-stress a bit and learn to benefit from bitcoin, regardless of the price that it has.
If people continue to emphasize only the monetary aspect of bitcoin as a matter of concern or as the main attraction to those who have not yet been involved in the cryptocurrency field, we are condemned to live permanently with the stress that the high volatility of this market usually generates.
We should occasionally remember the principles that led to the foundation of bitcoin to de-stress a bit and learn to benefit from bitcoin, regardless of the price that it has.
We should occasionally remember the principles that led to the foundation of bitcoin to de-stress a bit and learn to benefit from bitcoin, regardless of the price that it has.
I have also lost money when buying some altcoin at the beginning of the year. at the time, I think the market will go up however I was wrong. However I will not watch this is the loss, it's just not the right time investment. I was thinking of cutting losses when prices drop but I believe in the future of crytocurrency. stop worrying and waiting is the best solution
There will be no people who will lose money or his investment here if you did not cash out your investment, and just let it and hold it until such perfect time that is perfect time. Don't cash out now if you invested last year when the price becomes $12k or more.
I know that a lot of us lost money, because of a sudden price drop in February. My own investments are like 50% down right now as well. The market is still bleeding and sometimes it really makes me nervous (I bet not just me). And yet I think that this is the right thing to be. Now all those people who didn't really care are out the the game. Only patient ones are ready to wait for the price to go up slowly. The main benefit of the current bitcoin state is that there's no problem with transactions. I didn't send my btc anywhere since November till today. I sold some btc, because I really need money right now. What amazed me was the transaction fee. It is 12 cents for priority transaction! I haven't seen anything like this since perhaps last summer! And I think that such a sum depicts a healthy blockchain, which people don't overuse. Gradual establishment is better than rapid growth, because it doesn't attract so many people who have no idea about bitcoin, but want to buy it just because it's rising.
The benefits of current valuation of BTC is that it is testing your patience and you have to hold your BTC for the time till it inflate again. The second advantage of using BTC is it's very low transaction fee, it is almost neglected and everyone could simply invest into it and above all BTC is not only about pumping or dumping, it's about people trust and the future with BTC. 
Low fee is good and since the downward the transactions time also faster 
but i don't think people lose interest easily and as we know as google and other big companies trying to filter the cryptocurrencies other than bitcoin and not banning bitcoin itself. I think the future ahead also looks brighter.
On the other hand i don't feel like saying patient ones are the one ready to wait but rather its because you got no choice and people don't like losing money so they rather hold them. Investor tend to look for better indication and most news now already gave clarity about the cryptocurrency direction
but i don't think people lose interest easily and as we know as google and other big companies trying to filter the cryptocurrencies other than bitcoin and not banning bitcoin itself. I think the future ahead also looks brighter. On the other hand i don't feel like saying patient ones are the one ready to wait but rather its because you got no choice and people don't like losing money so they rather hold them. Investor tend to look for better indication and most news now already gave clarity about the cryptocurrency direction
You're actually right ! Its not just you who were panicing when the price of bitcoin and the other alts is dropping its like the bloody history of all time. But just like you've said only the strongest holders will still hold some bitcoin.
The really good benefits of the price right now is that all of the investors that are curious can get a partial of the bitcoin in a lowest price. I know all of us know this benefits.
The really good benefits of the price right now is that all of the investors that are curious can get a partial of the bitcoin in a lowest price. I know all of us know this benefits.
I wouldn't be so quick to say that people who don't care are out of the game. People say the same thing after every major dip, and they just get proven wrong time and again. Some may exit, only to be replaced by even more of them. I don't think this is even an absolutely bad thing, as this just means that people aren't losing interest in Bitcoin. After all, if we want mass adoption, we will need everyone we can get -- even the weak hands.
But yeah, I love the low fees as well. It's a massive departure from the December/January peak, which just adds credence to the theory that there was a massive spam attack.
But yeah, I love the low fees as well. It's a massive departure from the December/January peak, which just adds credence to the theory that there was a massive spam attack.
I know that a lot of us lost money, because of a sudden price drop in February. My own investments are like 50% down right now as well. The market is still bleeding and sometimes it really makes me nervous (I bet not just me). And yet I think that this is the right thing to be. Now all those people who didn't really care are out the the game. Only patient ones are ready to wait for the price to go up slowly. The main benefit of the current bitcoin state is that there's no problem with transactions. I didn't send my btc anywhere since November till today. I sold some btc, because I really need money right now. What amazed me was the transaction fee. It is 12 cents for priority transaction! I haven't seen anything like this since perhaps last summer! And I think that such a sum depicts a healthy blockchain, which people don't overuse. Gradual establishment is better than rapid growth, because it doesn't attract so many people who have no idea about bitcoin, but want to buy it just because it's rising.
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