Is Bitcoin's price drop to 30K healthy?

[hahay]

If the increase continues after the correction then I think it is correct, because to reach a higher price at least from the existing history there will be a correction. So yeah, I guess it doesn't matter because what matters is when a lot of holders panic when the market is crashing and that's something to worry about. If so, then maybe it can't be said to be healthy because what might be said to be fair is a gradual decline but either way, the market will still be fine if holders can be patient.

[Leviathan.007]

None knows anything about future, but, I'm sure it is. The price started the bull run months ago and still going on. In any situation you can't expect the price to rise all the time some time it fall sometimes stays stable and sometimes just needs a correction. In any market we do have the same situation unless some price manipulation happens on it. In order to rich higher price levels, bitcoin needs to rest and go for the next price levels.

[sapnu]

It is normal for the market to go up and down for a while. Bitcoin has gone through a major uptrend and will now stabilize slightly downward. Now if the price of a bitcoin drops to or around $30K and continues to trade with some fluctuations from a stable level, it is a really healthy situation for bitcoin. At this stage of Bitcoin, it indicates that it will rise to $50k or more later.

The drop in the price of a cryptocurrency is normal and we all know that since the nature of every cryptocurrency is its volatility, meaning the price is changing and it is constantly rising or falling time by time. So if that happens, I think it is still good for me. When the price falls down, that is a good time for everyone who wants to buy some bitcoin since we all want to buy low and sell high. Every transaction that is happening all over the world has an impact on the current price that we are seeing on the market.

[Princejebs]

It's a norm when the bitcoin price surge and dump. It's usually considered as healthy growth in market especially when there isn't manipulation. The only problem with cryptocurrency is the volatility and when the price is about to dump, it can be harmful to traders and holders.
This is unlike the 2017 bull run we had that couldn't sustain 20k in weeks but here is 30k so strong.
Looking at the current market situation, I think the whales will do anything to hold the price above the 30k so the rally don't loose steam.

[Twinkledoe]

It is normal for the market to go up and down for a while. Bitcoin has gone through a major uptrend and will now stabilize slightly downward. Now if the price of a bitcoin drops to or around $30K and continues to trade with some fluctuations from a stable level, it is a really healthy situation for bitcoin. At this stage of Bitcoin, it indicates that it will rise to $50k or more later.

The drop in the price of a cryptocurrency is normal and we all know that since the nature of every cryptocurrency is its volatility, meaning the price is changing and it is constantly rising or falling time by time. So if that happens, I think it is still good for me. When the price falls down, that is a good time for everyone who wants to buy some bitcoin since we all want to buy low and sell high. Every transaction that is happening all over the world has an impact on the current price that we are seeing on the market.

And remember, 30k is already a good price as the previous ATH in 2017 was only 20k. So dropping to 30k is still good for me. But as you can see right now, we are going up again. It means, a lot are still trusting bitcoin, even if some institutions or miners are selling big stash. So the adoption this time is really different from the previous 3 years. It is nice to know, that there are big institutions that are believing with bitcoin.

[vaultman]

Apparently, one of the whales gave up and sold all their bitcoins, which caused panic in the market and some bitcoin holders also started selling. But this is only temporary, because further they will only buy more, all the prerequisites indicate precisely the increase in demand for bitcoins among billionaires. Therefore, you should not sow panic, you should wait a little and the price will reach at least $ 50 thousand per bitcoin this year, you will see.

[finaleshot2016]

Actually, It depends, it'll be good for those who have dumped already and wanted to start investing again. It's normal that the price might go up and down in the market so I don't find any problem with it, the only problem you'll encounter is when you'll put the money on the line.

I think only a fool will expect the price to continue to go up forever, this correction is healthy for the market. Though chain analysis show that it is not whales dumping their BTC but miners. Miners need money for their daily operation and taking some money to keep in their reserves is good for business.

yes, that is true, everything is easy to grow particularly in Bitcoin supply. We all know that through many efforts of the great miners around the globe, the edging level of technology is much more faster and stable,in other words, Bitcoin's price now are still healthy due to the expected drop is normal.

Agree to it, after the drop to $5k and now we reach $40k, why there are still hoping for a bitcoin price pump? It's very late to invest right now people are just hoping for the correction to invest and start all over again after gaining a profit.

[freedomgo]

Well, I believe so, as bitcoin continues to rise into a bigger value, a small percentage could already mean big money, and from here, bitcoin has already rise 100%  in jut less than 3 months, for me that makes bitcoin overvalued for now, but I could be wrong too.

[Noctis Connor]

Whenever the price drop it is not healthy for bitcoin and also with the users because they think that bitcoin price drops suddenly and it will continue so on, This something brings panic to those newly invertors in bitcoin which they choose to risk their money without some good knowledge about it. A good and healthy price of bitcoin when it will be stable at the price of 40$ or maybe more so people will be happy at this rate and will be more increase in the volume it self. but it will be always depends on the investors if they want to invest more in bitcoin.

[Bitcoin577]

Bitcoin price growing days by days and their seems no chance of  30 k. Bitcoin onlyake correctness and dump from 40 to 33k and then price is between 33k to 36k. But again bitcoin pump and now close to again hit 40 k in some hours. Analysis also says that if bitcoin price hot 36 k then its possible that its price hit 50k.
Now market is growing very fast and we cannot expect that again price will make correctness to 35 k so 30k  is not possible at this time.
Of any want to buy 32-35k is signal from me to buy at this price

[bryant.coleman]

https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

First of all I don't care much about these "experts" and "analysts" because their predictions are almost always wrong. And secondly, we need such drops from time to time, in order to get rid of the less serious investors. There are a bunch of noobs out there who are dreaming of becoming millionaires overnight. When Bitcoin drops by 20% or 30% in a day, these users will dump their coins and make their exit.

[KennyR]

https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

First of all I don't care much about these "experts" and "analysts" because their predictions are almost always wrong. And secondly, we need such drops from time to time, in order to get rid of the less serious investors. There are a bunch of noobs out there who are dreaming of becoming millionaires overnight. When Bitcoin drops by 20% or 30% in a day, these users will dump their coins and make their exit.

Everytime this isn't the truth, because experts will be observing the market very closer than the common users. This way there are experts who make closer prediction as the real market move. We need to think about the market, anything we take into account should not have a growth that isn't interrupted with drops. If such a form of growth is happening, then it is fake pumping. What we experience with bitcoin is real growth according to the market moves. Based on this I find the drop to be healthy.

[davis196]

https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

The current Bitcoin price is 37.9K USD and the maximum drop that happened a few days ago was 33K,so there's no price drop to 30K.
I guess that a price drop to 30K USD would be "healthy",because it will lower the greed and FOMO,which dominates the market for a while and it will allow more investors to buy BTC at 30K USD,before the price goes up again.
I don't know why a Bitcoin price drop would be considered "necessary".
I guess that this analyst wants a bearish market,so his analysis has an element of wishful thinking.

[pecson134]

It is kind of acceptable value as of current price trend which is at 37.5k USD. Volatility of bitcoin was still high at this current point so I can speculate that the danger or unhealthy decrease if it would go down to less than 20k in less than a month which is alarming.

[Argoo]

It is kind of acceptable value as of current price trend which is at 37.5k USD. Volatility of bitcoin was still high at this current point so I can speculate that the danger or unhealthy decrease if it would go down to less than 20k in less than a month which is alarming.

Of course, the recent drop in the price of bitcoin to $ 30,000, and I myself saw in CoinMarketCap that its price fell on January 05 to $ 30,482, was quite acceptable for him. Moreover, the very next day its price rose to over $ 35,000. The high price volatility of cryptocurrencies is good for both traders and investors. For the stock market, such a drop would cause panic, and in the cryptocurrency market, this is considered the norm.

[amishmanish]

It is kind of acceptable value as of current price trend which is at 37.5k USD. Volatility of bitcoin was still high at this current point so I can speculate that the danger or unhealthy decrease if it would go down to less than 20k in less than a month which is alarming.

I don't think it would be unhealthy even if it goes to 20K. It was only still trading at 12K for a large part of this year. 20K would still be a win compared to a lot of others. These upswings would have allowed atleast some of the Bitcoin supporters of the past 3 years (since the last ATH) to profit a bit and recover.

I am all for them having the chance to stack up a bit more bitcoin. 20K is not affordable for a lot of people. Anything above a month's income for an average developing country household is a great point for Bitcoin price. That is anything upwards of 1K USD.

[TheGreatPython]

if the price of bitcoin collapses to the price of $30k then it is something that is very normal because until now the price movement of bitcoin has started to show a decline in price because it can be seen from the weakening demand, so it's best to be careful with bitcoin price movements that are not stable like this.

There could be a little worry about the 30k or minus price, we have seen 30k+ before, we have reached as low as 31k for example, those are all great and understandable, I believe that is going to happen most probably. However one thing is not guaranteed, we do not know if it will crash or not. Looking at the current situation the price keeps having corrections but it never really has anything big going on neither, it doesn't crash, it just does a correction and goes back to what it was.

This creates a question in people's minds, do we end up with bitcoin doing a lot better, or do we end up with bitcoin doing worse? Considering bitcoin goes down a lot sometimes, people are worried, but then it recovers yet fails to go 40k+ so it doesn't do anything new, people gets hopeful, we really do not know the direction we should be taking at any moment.

[mezzaluna]

30k is still not a bad bargain for gaining Bitcoin. Nobody even expected Bitcoin to reach that value especially at a time of a Pandemic. Even though the world is going through something that will change history, Bitcoin is also doing another thing that will be its milestones for users to look at in the future. If Btc's value dropped, its another opportunity for investors to buy and sell and decide whats the necessary step for  their investments.

[7788bitcoin]

30k is still not a bad bargain for gaining Bitcoin. Nobody even expected Bitcoin to reach that value especially at a time of a Pandemic.

It is a valid point, even i was not expecting the price to rally last year itself because of the pandemic but then the huge financial institutions who used to invest in other financial markets started targeting the cryptocurrency market especially bitcoin and so is the reason the price started to rally.

I would like to see the market having a correction and i do not mind the price going below $30k as it would give many an opportunity to invest again before the final rally .

[Twentyonepaylots]

30k is still not a bad bargain for gaining Bitcoin. Nobody even expected Bitcoin to reach that value especially at a time of a Pandemic. Even though the world is going through something that will change history, Bitcoin is also doing another thing that will be its milestones for users to look at in the future. If Btc's value dropped, its another opportunity for investors to buy and sell and decide whats the necessary step for  their investments.

  I personally think it's a good and a bad thing. Knowing the fact that this price is really enticing and surprising, this would allow more people to come into the system. However, at the same time the more people coming in to buy bitcoin will eventually pump the price and the transaction fee as well. If this goes on, there will come a time when people who bought bitcoins can't sell anymore due to high transaction fees, and people outside can't buy because their measly pocket money wouldn't be enough to buy a considerable amount that would help jumpstart their cryptocurrency journey.