Topic: Is fall of bitcoin from 16k$ good for bitcoin and alt-crypto? - page 2. (Read 722 times)
I dont think that bitcoin fall is good for another altcoin. Bitcoin is leader on volume and market cap, if bitcoin falls, its affecting altcoin price. A few months ago when bitcoin price reach $19k, market cap all crypto reaching more than 700Billions dollars and right now bitcoin price around $7000 and market cap below $300Billions dollars.
I think a slow rise in bitcoin price makes it more "credible". People who enter the bitcoin market right now are likely to be genuinely interested in investing and would not sell cheap. Most of the people who buy when they see prices skyrocketing may not even understand the whole bitcoin concept. Such people sell so easily when there are FUDs. A slow rise will keep bitcoin more stable and the experts and old investors will enjoy when prices begin to rise.
I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.
Bitcoin is not bubble it is the wrong and fake news that people use to make about bitcoin,. no coin is going to be better than bitcoin at all, now bitcoin is the most demanded currency, I hope you if you will save more bitcoin it will make you get all things in life you will never regret for holding bitcoin, price of bitcoin is very good right now so save as much as bitcoin you can save for your future, so price is again pumping high this time it will be more than 30k per month.
For me the falling down is still not too deep, so it is a good thing, last time the price is too hyped up, its abnormal and causing quite a scene and revive a lot of people greed, now the price is in correction, and btc now in the area where the price should be, since the correction the btc has become more stable, the correction also give chances for small investors to be able to buy bitcoin, so correction doesn't mean that btc is dying
Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered
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From this decline there has to be added value for new investors and old investors who are already willing to hold their coins up to now, where this opportunity for new investors to buy as much coins as possible, for me no one harmed for the old investor no longer need to buy coins when they have a lot of coins they buy, it's okay for current price reductions this is not a problem because you can buy more coins, and a great chance will come that the number of new investors who can raise the price back as before may be greater, I can benefit all users....
Well it can also be considered as a lesson for would be investors to avoid getting into something because of hype. You have to be prepared with both knowledge and emotional toughness. Crypto's fluctuations aren't for the weak of heart and sadly, many people learned this the hard way
People who finding crypto as investment only and not as currency will get hurt if they think bitcoin is a magic bean which will keep on growing in value indefinitely. We need to be realistic and accept that bitcoin or any other crypto have there own rightful value and wont keep on growing in positive note. Expect the fall after rise and also rise after fall.
I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.
Bitcoin is not bubble it is the wrong and fake news that people use to make about bitcoin,. no coin is going to be better than bitcoin at all, now bitcoin is the most demanded currency, I hope you if you will save more bitcoin it will make you get all things in life you will never regret for holding bitcoin, price of bitcoin is very good right now so save as much as bitcoin you can save for your future, so price is again pumping high this time it will be more than 30k per month.
The price of BTC will lower the chance for more people to buy BTC again! This is fair to many people!
Let more people experience the value of BTC!
When BTC prices return to normal levels, BTC will become a hot spot again!
Let more people experience the value of BTC!
When BTC prices return to normal levels, BTC will become a hot spot again!
Fundamental of any market (and for that matter it is of life as well): short term rise followed by fall as well as fall followed by the rise are the indicators of healthy market. People losing interest in a stock or crypto just because there is a correction ( which was long due) are not meant for the crypto. These kind of people are irrelevant for the market growth. You will find this behavior in any stock or commodity market where someone just enters in because there is a bullrun going on.
Let's be honest, huge price swings are part and parcel of crypto world.
Right, most people who always do this apparently have no idea of how things work in the general market and that is why they panic or give up easily to that effect and just having the feelings that because it is going down, it means the end to everything. I hope they can get to understand that the market cannot keep shooting up forever or tanking down forever and this is what we call general fluctuations in the market which is normal. I mean to say fall of bitcoins from its ATH should be considered as a big event and it should be treated like a part of market events hence it will be having usual impact on entire crypto world as expected. Let's be honest, huge price swings are part and parcel of crypto world.
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
2. Stock markets are volatile, trust me, we just don't see it.
3. True. But gold diggers don't disappear for ever, they will come back once they see an opportunity.
4. People didn't understand shit. They just want money. Real quick.
I don't think it is good really , a lot of people lose trust and interest in times like this.
It was what could've been expected, since the market won't be going up in a straight line.
At least the developers are still working and i am still really excited for the future.
Normally, that should not be much of a worry. People can lose interest now, but does that mean the interest would just die down totally. Wait until we start seeing the possibilities of full recovery, then you will understand the level at which people can go when it comes to switching from one lane to the other. The good thing like you said, is that development is going on, things are changing pretty fast in the positive direction, so let's be hopeful.It was what could've been expected, since the market won't be going up in a straight line.
At least the developers are still working and i am still really excited for the future.
I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.
People will do lose their money only when they do get panic on seeing corrections and definitely long term holders will not lose. It means if we understand the market fluctuations then we can be sure about bounce back of prices. Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range. Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
I think it is not good for cryptos but for investors it is. Such as in Bitcoin, knowing its capabilities on recovering from market downfalls, surely the dumps at this moment is really in favor for investors. They will be able to invest huge amount since the msrket value is currently low. And when the time comes where its price starts to increase, huge profit will be earned. I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.
Be sure bitcoin can rise and reach high value again. Drop down in investment is normal things. It's just temporary not permanent.
Just be patient and calm down to hold your bitcoin for future. And you will see the value high and get more profitable.
Is also can same with others coins.
Just be patient and calm down to hold your bitcoin for future. And you will see the value high and get more profitable.
Is also can same with others coins.
During bear market people usually don't buy in even it's the better time to buy in at the lower price to maximize the future profit. Most people only buy when they see the price are keep going up and up they want some of the quick profit. They don't want to wait it out.
For the investment part need to buy and hold for a year or two for the project to mature and generated reasonable profit before you sell it. People are in for quick profit nowsaday only.
For the investment part need to buy and hold for a year or two for the project to mature and generated reasonable profit before you sell it. People are in for quick profit nowsaday only.
What is clear after the the descent very sharp price of $ 16,000 is very detrimental to some holders, especially the holder who has a weak hand, they must be panic. But, from falling prices this benefits some investors who have the capital to buy and hold it back. Actually this situation can be a profit and loss for some traders and investors.
Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range. Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
It's true it does not stop because there's a lot of potential in bitcoin that in time we find a bright spot, this is a correction which for me is good not in terms of liking the decline, this is good for bitcoin development itself and the investors to be more careful and meticulous in bitcoin , where bitcoin invests a bit dangerously can lose all the money you have, but this happens because of the massive bitcoin sales where prices are above and experiencing a very high decline, people continue to cycle like that. I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range. Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
The problem that bitcoin had, was it was going way to fast and this made it so popular that many people who have no idea not so ever about jumped into this industry in hope for profit, but the problem was that bitcoin was not yet ready for this massive flow of traffic, the network was not ready to accept this amount of transaction at onetime, and this has lead to transaction being stuck for days and miner fees hitting unbelievable values. so in the bottom end the fall that the value of bitcoin has witnessed works in our favor, because transactions now are fast and miner fees have never been lower, so until the scaling problem of bitcoin is seen through, it will be best if the price takes it one step at the time and not skyrocket like last year. I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
I really support Bitcoin as it is the future of the world economy and it is the currency of the future world. My people are panic sellers and they are the one who give us chance to earn. Bitcoin is a very high potential coin and it can reach much high value than 16k USD . So a smart investor will buy more coins in such situations.
This fall of price have provided critics, especially pessimistic ones, something to validate their point that bitcoin is a bubble. It also instill certain doubt in some people and stunt the adoption rate. I have no doubt that the adoption rate will recover soon though. The good thing is that it wakes up people from hopeful dreams. It questions people whether they are using it in the right way.
We think also what would be the effect if bitcoin will continuously go higher, do you think that there will try to invest it with that amount? I think there's no one, that's why we thank you for that downtrend of bitcoin cause it gives chances for small capital investors to take part of it and the market are continuously moving. Up and down movements is very important in all investment cause that's the way gain profit.
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