Bitcoin Forum

Today I wanted to discuss Bitcoin and why it can be a good thing if Bitcoin drops or when you see bitcoins price fall why that is not inherently a bad thing, and there's a few reasons why, for one when bitcoins price drops this is usually a price correction meaning it was getting over ball over speculated on starting to bubble up and then this price correction occurs and this bringsit back to the back to planet earth this brings it back to the level it should be.

This is good because it prevents bubbles from forming when you have anasset that just keeps going up and up and up and never going down 90 percent of the time it's in a bubble, this is why I've always had bitcoins not in a bubble, yes, there might be some over valuations due for a correction a decent-sized one but why I don't think it's in a bubble is because it has already undergone so many price Corrections there's so many times just looking at brick bitcoins charts where it goes up and drops 10% 20% 30%. It goes up some more and it drops again this is not indicative of something that's in a bubble things that are in a bubble will typically go up and up and up and up and there might be some drops but not only one or two percent drops bitcoins has had some pretty big price Corrections in its history.

So the reason why bitcoins price drops are a good thing because it's a price correction and the price is going back to its normal level.

As you said bitcoin drop is a good thing because its a correction.I agree with you on this.  But for me its a good thing because its drop will pump alt coins.just my opinion.

Your point of view is what some people who continue to say that bitcoin is a bubble fails to see because what they do is that they focus only on the price by comparing from one end to another forgetting that in between the extremes several things have happened. Its just like someone comparing what happened to price between the day before to the time it reached $7800 without taking cognizance of the various ups and down that is being witnessed in between. Its all good for bitcoin to fall but the falling if going too low is what I wont subscribe to because that happening will also give them another reason to be joyful that their prediction is finally coming true concerning bitcoin.

Because then the price drops so people can get it for cheaper and some people invest when the price is dropping only and they sell it when the price is really high.

They do this because then they can make a lot of money instead of investing now in it.

The so called correction is an excuse for bulls when the markets go red.
There is nothing miraculously healthy in a correction, it means the coins where overpriced and some bought at a price they should not.

Let me give you an example.
We are at 2k we go till 7k then we shave a small correction down at 6.5k and here we go till 7.2k
What was so healthy in the correction? Did it prevent a bubble from popping? It did nothing but stale the growth for a period.

There is no such thing as "correction" , there is only one price that is the right one and that is the price shown by the market, there is no such thing as "normal" level.

I am a well wisher of Bitcoin and believe that Bitcoin is going to perform very well in the long term, However I am expecting a correction in the price of Bitcoin. I also believe that current sudden hike might look impressive initially but it is not the organic growth of it and hence it is not making Bitcoin stronger in any way. Frequent corrections are necessary in order to self-regulate the price in my opinion.

as you say all times is good to buy bitcoin many say bitcoin may crash but till now it go to the sun

It is quite good that bitcoin goes back down like you said and for many reasons you said. If bitcoin gets 70-90% dominance I dont envisioning this being a positive thing for bitcoin or the cryptocurrency  market. That simply means that one currency is dominant and holds a monopoly. Now it still holds a lion share of the market but having it be at 50-60% dominance is much better and I would prefer to even see it in the 40% range so alts can rebound even better than they already have.

I think it's good if bitcoin down we can buy it at a cheap price we can invest when the price goes down and we can sell it later when the price is rising or being high Bitcoin will perform very well in the long term, well it will provide multiple benefits later

Not, good at all . It is good for those who want to buy BTC and want to make profit from them by holding btc for long term.
But if you already have been bought some BTC for trading then dump is not good for you.

I agree with you, if bitcoin price decreases, auto coin price will become normal or it can also increase.

If the price dumps more in the chart means please utilize that time buy the bitcoin as much you can with the amount have with you. If you can spare some money from the day job also do it without any confusion buddy. Everyone pretty sure that the value will increase more than what we in this time. Whether you are doing short term or long term holding both are good in bitcoin.

If bitcoin price drops a little after a huge rise,then it would be good for stability of bitcoin price.It will also be helpful for people waiting to buy it at a dip.But if the price falls beyond the limit,then it would create instability in bitcoin.This time,i hope that already price correction has been over since after china's actions against it,price fell down a little and later it regained.Now,price seemed pretty good and now once again,price has fell down to $6,791 due to people selling bitcoins as they have not received free coins due to cancellation of segwit 2x activation.Its really good for bitcoin so that its price would get stable around $6,500 and would start to increase slowly.