Yes, dump events are actually beneficial if you are hoping for getting profit if you are a long term trader and investor of bitcoin.
That's why dump is important for buy coin on cheap price and slightly chance make coin is up again.And that chance is already done, as we can see the price is becoming ready and showing us it is pumping back to $1k and now trying to make it to $100.
However, with recent event it will be hard to recover the price and may takes longer time to recover it ($1,030 now) and seems stableWe shouldn't really expect prices to remain stable at any level above 1,000 dollars per coin
At least, not for the time being. We have obviously entered the period of high (if not extreme) volatility. Such prices should necessarily be volatile on their own but given the tumult times we are living in presently, that strongly accelerates the rates with which prices change and how much they change, so beware unless you are going to profit from quickly rising and falling prices. Apart from that, dumps are actually useful for more even Bitcoin distribution since whales and other dumpsters that go for it, end up with less bitcoins at the end of each pump and dump cycle
