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

[eaglewhite80]

~snip~ 

I can guarantee you that non of the mainstream investors did not lost a dime in this market, some people might have lost some money when the market fell, there is no excuse for that because they are not good in calculating when to invest and that is their own fault.

Oh! What would you have expected before. Talking about mainstream investors, these are the caliber of people who have been investing all their lives and they know all the things that it entails investing into any market.
Most of the people that always end up losing in any market are the inexperienced, greedy and weak hands who will definitely let their emotions play them that using their own heads and knowledge to make decisions to benefit from the market movement or just hold for the future. It has been like this since ages in most markets, so it is not new.

[raven7886]

Fall is always good unless one decides to make it worse by selling their investment while bearish. It allows the people to invest more or even the newcomers to invest when the market is bearish. It filters the people who do not belong to the crypto community and allows newcomers to check if they fit in. It is good for bitcoin and altcoins too as more investors purchase them, increasing their demand and growing the community and raising its value through the demand and supply factor. So fall is pretty much great for every cryptocurrency and the people connected with it.

Yeah, and the only people that makes the fall a problem for themselves, are always the weak hands in the market who panic at the slightest loss. Loss is something that no one can run away from in the short term, if your plan was to hold for long, and peradventure, such a person bought into FOMO.

The best thing in such scenarios is to just buy more in the dip and make up for buying at the peak in the long run benefit as the market grows. The problem though is that a lot of people are more focused now on the short term than in the long term.

[vuhoang1giang]

I wish that chance again.
Bitcoin now just 50% of 16000 !

[naidray]

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.

Im also thinking about this, will other coin also increase? I dont think other coin might pump also. Since there werw different development team working in each coins. Maybe other coin will just go along with bitcoib when dumping but be left behind when pumping. Thus, tge dev really matter in all cases.

There might be effect on other coin, but there were also coin that does not depend on bitcoin..Since bitcoin is mainly used as exxhange value in the market, tgen ut would be normal for other coin to go along in the same track of bitcoin. Most of not so established coin are the one who gets easily affected by bitcoin's price.

It is the market and for those who already understand the way this market works, you will obviously know that most times the market always move back in the same format with bitcoin. The time to always watch closely at alts is whenever there is a long consolidation going on with bitcoin.

In the cases of bull run, you should always expect the alts to bleed most of this period, but it is market, and we cannot always use history to judge, but one way or the other, it has always repeated itself. In some sense that fall of bitcoin prices from its peak levels is good to make new investors to get on board.

Yes, those who were neglecting bitcoin due to huge price levels like $15k or $20k still have understood the potential of bitcoins, must have made use of this fall as they got chances to buy more bitcoins for 1/3 cheaper prices. Same thing happened after $hitting $1200 levels in 2013. So, fluctuations gives another chances for new investors.

[sgenuine]

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!

It is good only for the new investors that were not in time to buy Bitcoin earlier. Those ones, who are holding Bitcoins now, want to see its high rates.

[coinplus]

Thank you for reminding me of this. By the time the bitcoin price rises, everyone is happy. But when the bitcoin price drops, everyone is confused. Instead of rising and falling prices of a good or whatever, it is a natural thing in the market. We should be able to accept and even take advantage of this situation. If we continue to complain and blame the situation, it will worsen us. So be patient, that this is not a bad thing. Even if we can take advantage of this moment, we can gain enormous profits.

That is generally the behavior of most humans, most especially when they are new to a system. A lot of people hoped bitcoin would just continue rising and growing nonstop and forget the fact that anything can happen in a market at any time, which could be a quick downtrend or some pretty fast uptrend but the most important thing is never to get greedy or join FOMOs, most especially when it is just unnecessary. If no one can have patience in this market, then they do not actually belong here.