Is fall of bitcoin from 16k$ good for bitcoin and alt-crypto? - page 3.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

Quote from: JMD07 on March 22, 2018, 03:59:25 AM

In my opinion the price of bitcoin is too volatile and it's susceptible to price manipulation as many investors had owned plenty of bitcoin under their address. We can't tell them not to sell their coins as they have strategy to gain profits on this business. What happening in the downfall was the reverse bull run from the pumping of price of last year and now bitcoin needs corrections. In which a good opportunity to buy those new investors at lower price and also it will spread the ownership to bitcoin around the world. Sooner, bitcoin will return to the all time high we just need to be patient.

We have to live with that for now. Bitcoin in the real life case is not being used as a currency on a large scale and that is why things are the way they are. Right now, all that we have in our hands is more of a speculative asset and that is what makes it easy for the whales to manipulate based on how people can easily get greedy and panic at the slightest chance they get.

Moreover, I am sure we are getting there gradually with the lightning network. I am sure by end of this year we may have bitcoin prices into some unbelievable levels which may be near to 0.1M dollars too. Right now bitcoin is looking for some good news and from that it will definitely capitalize.

naidray

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Quote from: Rath_ on March 20, 2018, 02:07:58 PM

Quote from: mrcash02 on March 19, 2018, 09:44:08 PM

Yes, at least now the transactions fees are acceptable again and we have Lightining Network's promise, [...]

I wouldn't call it a promise since it's actually working on the mainnet. Every person can download the latest lnd client which finally allows you to setup a Lightning Node on the mainnet. I'm afraid that transactions fees are going to surge right after Bitcoin price start to increase again. That's why I'm rooting for Lightning Network developers, I hope they will make it on time.

Yes. It may not be on a large scale yet but at least it is a start and the way things are going, I expect this to gradually set ups up for the mainstream. So far, they have already released the beta and I am sure that would change a lot of things.
In addition to these, segwit adoption is increasing seriously, so at the same time, I believe that should help a lot transaction wise even when the price starts surging. People are beginning to see the advantage of using segwit wallets now over the legacy wallet.

IndzheborgC

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"Correction" is a much better script than a "bursting bubble." At the beginning of the year, people were filled with excitement - they took all the cripto currencies in a in sequence, regardless of the technologies used, the team, the action plan and everything else that determines the price of the coin. The fall in prices will remove the "foam" from the market, the best will remain.

BeGoods

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Quote from: DRVX on March 23, 2018, 01:50:36 AM

Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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 don’t think that it is right to talk about falling or rising Bitcoin in the terms good or bad. This is just price. Nothing more. It is really important if Bitcoin will be competitive in the field of technologies.

But of course all have meaning for private individuals. rising and falling prices can be a good thing and can be a bad thing depending on the perceptions of each individual. for those people who have been selling at a high price in the past few months of course the current price drop is a good thing because they can buy at a cheap price. while for the holder of course this is not a good thing and it is a price increase which is a good thing?

omonuyak

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Bitcoin grow from $7,650 to $19,876 on most of the exchange platform and was above $19,000 at coinmarketcap. In reality bitcoin has dropped drastically and we should not see this as a problem as the speed it went up in December 2017 was too high. Most of us said here that corrections is under and this is what you have seeing happen and we expect a recovering very soon.

DRVX

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Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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 don’t think that it is right to talk about falling or rising Bitcoin in the terms good or bad. This is just price. Nothing more. It is really important if Bitcoin will be competitive in the field of technologies.

gabmen

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Quote from: rizkyhiw on March 22, 2018, 04:31:11 AM

Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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?

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

rizkyhiw

legendary

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Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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?

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.

JMD07

member

Activity: 378

Merit: 10

In my opinion the price of bitcoin is too volatile and it's susceptible to price manipulation as many investors had owned plenty of bitcoin under their address. We can't tell them not to sell their coins as they have strategy to gain profits on this business. What happening in the downfall was the reverse bull run from the pumping of price of last year and now bitcoin needs corrections. In which a good opportunity to buy those new investors at lower price and also it will spread the ownership to bitcoin around the world. Sooner, bitcoin will return to the all time high we just need to be patient.

Viking81

jr. member

Activity: 90

Merit: 1

After reaching its ATH in December, the large correction of BTC price was inevitable because of cyclic nature of the market. The bad thing is that a lot of investors, especieally unexperienced ones, were mistakenly euphoric due to extreme growth of BTC price and simply didn't expected such a deep fall of the market that provoked their large financial losses. Their confidence and interest in BTC are shaken now so the final recovery of the market can take several months at least.

MNTCorp

newbie

Activity: 119

Merit: 0

Yeah, obviously we need this correction, because the flight to the moon was so impetuous.
And I remember that nice phrase - when the lion wants to do a bounce forward, he needs to take one step back. Correct me, if I wrote that in wrong way.

lordquanta

sr. member

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Merit: 268

Quote from: ohlawdy on March 20, 2018, 02:50:21 PM

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.

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.

giarised

full member

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Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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 always good. The market is volatile, and not just volatile, but highly volatile which means it will be fluctuating most of the times. It doesn’t go up only, it goes up and down. When it goes down it helps to convince some people who are reluctant at first and makes them see it as an opportunity to invest while it is still very low.

ohlawdy

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- "Bitcore (BTX) - The Future is Now"

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.

Rath_

legendary

Activity: 1876

Merit: 3132

Quote from: mrcash02 on March 19, 2018, 09:44:08 PM

Yes, at least now the transactions fees are acceptable again and we have Lightining Network's promise, [...]

I wouldn't call it a promise since it's actually working on the mainnet. Every person can download the latest lnd client which finally allows you to setup a Lightning Node on the mainnet. I'm afraid that transactions fees are going to surge right after Bitcoin price start to increase again. That's why I'm rooting for Lightning Network developers, I hope they will make it on time.

lordquanta

sr. member

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Quote from: mrcash02 on March 19, 2018, 01:10:54 PM

A fall in BTC's price is never good. It can be acceptable, but it's not positive. It gives reasons to media and governments badmouth Bitcoin, saying it's very dangerous and must be regulated/banned, investors become afraid about volatility and start panic selling, also, sharing their negative experience with others, who will also become afraid of investing in BTCs. A climate of uncertain and fear take control of the market.

Anyway, it's acceptable, because we know the nature of this market. At same time this volatile nature is what gives us hope that the market will recover on long term and show good results.

* Correction-Fall in BTC price is indeed positive phenomenon. Look at any market you will see that there are ups and downs. As long as fall in price is because of correction it is a sign of good market, a healthy market. Otherwise if a market shows only upward trend then be sure to see that market crash and burn soon. What is more important is upward movement in the long term. Markets like stock, bond, debentures, equity, mutual funds see price ups and down. Even the real estate observe this phenomenon on regular basis.

* There is hardly any govt or media house ( by media I mean privately owned entertainment-news media houses. These news media houses are there for pushing their owners propaganda) which talks positive about the bitcoin or for that matter cryptocurrency in general. Thus do not pay attention to them. Keep calm and work on crypto/bitcoin.

Volatile nature of bitcoin and crypto is its attribute and has very less to do with long term positive movement. Its the public adoption which pushes market in upward direction.

mrcash02

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Quote from: Rath_ on March 19, 2018, 03:26:43 PM

Quote from: mrcash02 on March 19, 2018, 01:10:54 PM

A fall in BTC's price is never good. It can be acceptable, but it's not positive. It gives reasons to media and governments badmouth Bitcoin, saying it's very dangerous and must be regulated/banned, investors become afraid about volatility and start panic selling, also, sharing their negative experience with others, who will also become afraid of investing in BTCs.

Let's be honest, nobody (from crypto community) doesn't care about what media say about Bitcoin. We have already learned that we shouldn't listen to them because they always spread FUD and information and they will always do it. Journalists don't do enough research or invite some "well-known economists" who will try to prove that Bitcoin is a financial pyramid without using reasonable arguments.

Those who are here since some time ago don't worry about media, it's true, but newbies do. They helped BTC hit nice values last year, but now they "helped" BTC return to $9000-$8000 again with panic selling.

Also, media scares potential investors, people that could be investing and helping BTC's demand increase, but that don't do it because they hear too much what media is saying, and follow its advices. Traditional media isn't so powerful like before, but they still have some good influence over a considerable parcel of population.

Quote from: Rath_ on March 19, 2018, 03:26:43 PM

I'm positive about this dip. A lot of people have been complaining about extremely high transaction fees which are now low (1 sat/b). It's now a perfect time to wait patiently for Lightning Network to become more widely adopted.

Yes, at least now the transactions fees are acceptable again and we have Lightining Network's promise, what can surely boost BTC's price a lot when implemented. On long term I keep optimistic about Bitcoin, and would be good if more people were optimistic as well, so we could overcome this barrier faster.

Ultegra134

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Quote from: lordquanta on March 16, 2018, 04:27:11 AM

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?

Everything that goes up goes down eventually, gravity. Obviously, it was expected that the price couldn't remain that high for long, it can't just keep increasing. Bitcoin actually showed its full potential by surpassing $19.000 and managed to attract a lot of attention from the media and investors, showing Cryptocurrency's capabilities.

barsilonka

newbie

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For me Bitcoin still stays valuable. I think it would be better if the price goes up/falls down slowlier - it would be a positive sign for me meaning the stability of the coin. What goes up fast, falls down even faster, unfortunately.

hacker1001101001

sr. member

Activity: 1288

Merit: 415

I think fall is really good as more and more new investors will get Chance to enter the crypro market and have their investment in crypto. This fall will also show the people that Bitcoin can recover itself from worst situations and regain its value.

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