Bitcoin Forum

Regardless of how badly some of us were impacted, corrections are healthy for the market. Many people were pumping and dumping penny-stock coins with no real teams or utility behind them and it was unsustainable. This crash is a much needed lesson for those who panic bought and panic sold. I'm hopeful for the future that people invest their money into more practical coins. This industry will be around for years, if not decades. We can learn from our mistakes, avoid baseless hype and continue supporting real companies trying to achieve real goals from the ground up.

Wise words.

And we've seen worse than this, those of us that have been around a while have. I've seen, endured 80% corrections. And getting back to the right side if it takes some time. This is health indeed. But will we recover quick? No. This is the new level and we could see it sit stagnant for most of the year...and that would be the best thing for Bitcoin. The price sitting steady, still up from this time last year, would be great for Bitcoin.

I agree to everything you have said. This is reality and it is factual.

The sense of the quote "too good to be true" was ignored when bitcoin started to pump up high that everyone got excited of joining the hype.
Regardless of the risks, many invested at high prices.

Certainly, this is healthy not just to bitcoin but also to the block chain itself.

Hopefully, there are more Real companies than just show offs.

I agree with you, there4 is a lesson to be learned here and this lesson will be carried in the future trend of Bitcoin, from now people will have to learn how blockchain and Bitcoin works and what are the advantages and disadvantages of holding bitcoin the big questions is when will the buy support happen.

It needs to happen yeah. I know that the value cannot go up till infinity. So let's be honnest the crash is going to happen but idk because every year in this period exactly the price drop a lot and then after a while it recovers. Well I know this time it dropped a lot but I guess it will go up again. I think buyers must buy now in order to support bitcoin and increase the demand.

I agree that we need this correction.  There will be growing pains for any new platform.  We experienced the same thing in the early days of the internet.  Crypto currencies are here to stay.  I’m confident in its future.