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

[Visbay]

I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.

Bitcoin is not bubble it is the wrong and fake news that people use to make about bitcoin,. no coin is going to be better than bitcoin at all, now bitcoin is the most demanded currency, I hope you if you will save more bitcoin it will make you get all things in life you will never regret for holding bitcoin, price of bitcoin is very good right now so save as much as bitcoin you can save for your future, so price is again pumping high this time it will be more than 30k per month.

[lordquanta]

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
...

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

What you said is very true. And it applies not only to the crypto but in general to every investment. That is investment in the real estate, stock market, commodity, new and upcoming projects. Also it applies to the start ups.
People who finding crypto as investment only and not as currency will get hurt if they think bitcoin is a magic bean which will keep on growing in value indefinitely. We need to be realistic and accept that bitcoin or any other crypto have there own rightful value and wont keep on growing in positive note. Expect the fall after rise and also rise after fall.

[Indrawan77]

For me the falling down is still not too deep, so it is a good thing, last time the price is too hyped up,  its abnormal and causing quite a scene and revive a lot of people greed, now the  price is in correction, and btc now in the area where the price should be, since the correction the btc has become more stable, the correction also give chances for small investors to be able to buy bitcoin, so correction doesn't mean that btc is dying

[South Park]

I also believe that correction is always good, yes i know that many people lose some money but in the long run it will help bitcoin to survive. This is why i believe that bitcoin is not a bubble because the market tends to correct when the pruce goes too much.

Bitcoin is not bubble it is the wrong and fake news that people use to make about bitcoin,. no coin is going to be better than bitcoin at all, now bitcoin is the most demanded currency, I hope you if you will save more bitcoin it will make you get all things in life you will never regret for holding bitcoin, price of bitcoin is very good right now so save as much as bitcoin you can save for your future, so price is again pumping high this time it will be more than 30k per month.

Bitcoin is not a bubble and we have known that for a long time but the people in the media are trying to make it seem so to scare people away so they do not invest in bitcoin anymore, fortunately for us people are getting smarter and are mistrusting the media more and more since they understand that the news that they present are manipulated and I cannot think of a better example of this than the news that are given about bitcoin.

[Grayy]

I think a slow rise in bitcoin price makes it more "credible". People who enter the bitcoin market right now are likely to be genuinely interested in investing and would not sell cheap. Most of the people who buy when they see prices skyrocketing may not even understand the whole bitcoin concept. Such people sell so easily when there are FUDs. A slow rise will keep bitcoin more stable and the experts and old investors will enjoy when prices begin to rise.

[TheClownSong]

I dont think that bitcoin fall is good for another altcoin. Bitcoin is leader on volume and market cap, if bitcoin falls, its affecting altcoin price. A few months ago when bitcoin price reach $19k, market cap all crypto reaching more than 700Billions dollars and right now bitcoin price around $7000 and market cap below $300Billions dollars.

[awik p]

if bitcoin fall, it means the altcoin will fall too, but it can be a moment to take profit, usually good correction reaches 61% by fibbonacci, and now btc is in that area, then now is a good moment for btc investment or other coins

[lablab03]

if bitcoin fall, it means the altcoin will fall too, but it can be a moment to take profit, usually good correction reaches 61% by fibbonacci, and now btc is in that area, then now is a good moment for btc investment or other coins

no pal sometimes if bitcoin fall altcoin is increasing and sometimes opposite happen which the reason why sometimes  altcoin is increasing when bitcoin fall because some of the holders in bitcoin jump to alt to avoid loses when the price of btc decreasing gradually.  But sometimes both decreasing also when there's a negative issues such banning and hacking etc .

[South Park]

I think a slow rise in bitcoin price makes it more "credible". People who enter the bitcoin market right now are likely to be genuinely interested in investing and would not sell cheap. Most of the people who buy when they see prices skyrocketing may not even understand the whole bitcoin concept. Such people sell so easily when there are FUDs. A slow rise will keep bitcoin more stable and the experts and old investors will enjoy when prices begin to rise.

Exactly those that invested when the price was skyrocketing did so for the fear of missing out, they were not ready they knew that something like bitcoin existed but they did not have enough information about it but when they saw the price growing up they thought that if they did not invested right now they will miss the opportunity to buy bitcoin at a reasonable price forever and now we see the consequences of their actions.

[Razick]

Bitcoin prices falling is a part of the market movements and in a way it is good for the market. It shows that this is a market that is here to stay and not just a bubble that will burst and then that's it. This is how investors make money, by buying when the price is low and selling when the price goes back up again. So the drop in prices was definitely good for the market.

[faceoff97]

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.

[Luwi]

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.

[brampower]

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. What do you think whether this fall in value of bitcoin is good for it or not? 

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.

* 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.
 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? 

The market can be manipulated and there is no regulation to monitor that, even a trillion dollar stock market is manipulated and with the regulations in place if they are caught they will be fined over millions of dollars and possible jail time and that is not the case here. I can tell you this, no one is here in this market because of any novelty thing and you cannot call anyone a gold digger, everyone wants to make some profit with every investment and there is nothing wrong in it.

[Dimid]

This is not good or bad, it should be so. Each asset has a rise and fall on the chart. Without falls there will be no growth and on the contrary. The low price makes it possible to redistribute assets, weak hands to get out, strong / patient hands to go. I hope we do not fail below 6k $ otherwise this correction will be delayed for a long time. A long correction for bitcoin will not be bad, but I just do not want to wait for another long price increase.

[Fazlurkhan.kz]

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.

[horrifiedx1]

if bitcoin fall, it means the altcoin will fall too, but it can be a moment to take profit, usually good correction reaches 61% by fibbonacci, and now btc is in that area, then now is a good moment for btc investment or other coins

no pal sometimes if bitcoin fall altcoin is increasing and sometimes opposite happen which the reason why sometimes  altcoin is increasing when bitcoin fall because some of the holders in bitcoin jump to alt to avoid loses when the price of btc decreasing gradually.  But sometimes both decreasing also when there's a negative issues such banning and hacking etc .

in my opinion, altcoin is currently as dependent on bitcoin. when bitcoin falls away yesterday, we can see that altcoin also comes down, and when bitcoin starts up, altcoin follows it. this happens because if we will buy or sell altcoin exchange first to btc

[gantez]

BTC's price drop may be a chance for many people to buy BTC again!

I think this is the essence of the market. Market price should not remain stagnant because it will be unattractive, boring etc no profit nor gains will come in. If it moves up and down, it will take some people out and bring new people in and there are chances for new innovations, new ideas and ways which could engineer growth.

[torch2121]

As for me it is good, its good for me to buy. Because what I see to Bitcoin is a long term investment. To think also that technology is growing faster than we thought. Digital currency will play big part in the financing and Bitcoin will be part of it. It plays a big asset in the future so better not to late to be part of it. Better take advantage of it now.

[EricJones]

For a crypto investor who wishes to make as much money as possible in this market then prices going down would make you happy because it gives you a chance to buy as much as you can for a good price while you wait for the price to go back up again. It is a good chance to invest and that makes it a good thing to me.

[snekinmyleg]

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 apologize to you, but I do not want to see Bitcoin's price drop any further, at Bitcoin's current price, which will be an opportunity for new investors. But for those who buy bitcoin when the price of bitcoin is $ 16k, they will feel like they are in hell