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

[aoihs00]

I dont whether it is good for the crypto currencies or not but I am sure about one thing that it is best for our personal interest. It is what important in the world of crypto where you have to trust the crypto currencies so that you can play with them the way you want and they should not play with you as they want. They must not be able to change your mind because if they do then im sure we cant sustain in the fallen economy for very long. Its worth staying strong when we are in the downfall and this is what can stand us amongst the best investment opportunities and earn profits with it. Thats what my though process tells me really. So whatever it is, the fall from 16K or 20K all the way down to current rate is just perfect.

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[awawo]

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? 

You have said it all, what goes up must also come down and this recent fall in the price of bitcoin and altcoin is a way to correct the price and giving people the opportunity to come onboard but those who bought bitcoin when the price was around 1700$ will see this a lost in they investment but if they truly understand the volatility in the cryptocurrencies market it will not be a new thing to them all what they need do is to continue to hold until the price rise to they expectations.

[CryptoSingleBrew]

Yeah, I think it's just normal healthy volatility. When the market cap gets to like 10 trillion dollars it will be much less volatile. The crash happens every January and then comes back stronger until the year's end. I'm in the market for like a year, but when you are looking at it longer, you see patterns and get to know how the market works. But when people are new to the scene, they see every crash as the end of crypto

[bering]

this fall doesn't good for those who already bought bitcoin when the price $15k or more because i'm pretty sure they're already losing more than 50% investment value but maybe this is only just beggining before jumping rapidly for bitcoin which mean corrections price is good for crypto to ensure the price will reach again all time high or will break it because nothing impossible in bitcoin

[dunfida]

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.

Going negative is never been acceptable but somehow having this kind of corrections can really put up some considerations because this do signify that we do have a healthy market not like on just seeing price increase on constant basis.It would really be on another story. Having a fall lets say on 19k usd price to 6k usd price in a short period of time is really devastating specially for those who bought on the top.

[Rath_]

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.

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.

[hacker1001101001]

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.

[barsilonka]

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.

[Ultegra134]

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.

[mrcash02]

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.

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.

[lordquanta]

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.

[Rath_]

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.

[ohlawdy]

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.

[giarised]

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.

[lordquanta]

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.

[MNTCorp]

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.

[Viking81]

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.

[JMD07]

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.

[rizkyhiw]

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.

[gabmen]

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