Is Bitcoin's price drop to 30K healthy?

[CODE200]

Yes, it give me a chance to earn bitcoin in a lower price, and the price of bitcoin moving will attract more people join

If it is investment concerns then that would be good. But given how unpredictable the market is, it is just hard to tell. What if same thing happens with this one? I mean, what if it again takes more than a year or more, for its price to again increase? Will it still be a good thing? It is easy to say that investing and holding would be an advantage but not all people will be able to resist with the losses if ever the market price will continue falling. We may only anticipate but that's won't dictate the market price so I guess it will again be a guessing game to when will the market be at peak, in terms of the market value.

[lahmacunkuregi]

From time to time, bitcoin will also have such withdrawals, dips, spikes and corrections. I think this is a very normal situation. If there's one thing I know, it always pays off in the long run. So just hodl on

[CarnagexD]

Bear market or not, this market dipping is enough and necessary to cleanse out the system. It is also a much needed feature that would allow newcomers to get a taste of that bitcoin supremacy. So it is definitely necessary regardless even if this is bear market, spike, or dip we are having right now

[Wisbrown]

As we speak now, Bitcoin had really gain momentum to dominate in the market world. With observation, bitcoin is strengthening to grow  higher beyond our expectations.

[Yum Bravo]

Even if Bitcoin declines, its role as an asset reserve still exists, and a short-term decline may attract more people to join in. I personally think it is not a bad thing.

[KEN B]

From a theoretical point of view, no matter how much the price of bitcoin rises or falls, it is healthy, but it needs to be reminded that whether you buy or sell when the price falls, you must pay attention to the risks of bitcoin.

[lixer]

Yes, it give me a chance to earn bitcoin in a lower price, and the price of bitcoin moving will attract more people join

If it is investment concerns then that would be good. But given how unpredictable the market is, it is just hard to tell. What if same thing happens with this one? I mean, what if it again takes more than a year or more, for its price to again increase? Will it still be a good thing? It is easy to say that investing and holding would be an advantage but not all people will be able to resist with the losses if ever the market price will continue falling. We may only anticipate but that's won't dictate the market price so I guess it will again be a guessing game to when will the market be at peak, in terms of the market value.

That is the place I am stuck with as well. It is cool to be able to buy cheaper, 40k+ was a lot and people were scared when it would fall and many said if it got cheaper they would buy more as well, and here we are the price is cheaper but I do not see a huge rush to buy right now, if there was one the price wouldn't stay lower this long, with a huge rush to buy the price would have gone up.

It wasn't really necessary neither, it was actually doing nice over 32k+ and never falling to 30k, and at around 35k or so we were a lot more comfortable, is it lower than 40k+? Yes it is, in fact 5-6k lower, and it is also doing nice with no major fall as well, so I would say around 35k was the proper fall.

Now with 30-32k range I feel like, yeah cool I can buy cheaper, I have bought cheaper, if it can hang out until first of the month I will get my payment and I can buy more from here, but my god do I worry about it, it is a bit scary as well, not changing my system but still scared now to do the same thing.

[wiss19]

Price movement is not a one way traffic thus what ever pullback or correction that affects the market is very healthy for the market, if the price of bitcoin continue to trend bullish without any drop then I will say it is unhealthy, price movement is always in peak and trough just like higher high HH, higher low HL. lower high LH and Lower low LL all these are as a result of price corrections, with reference to 4 hour timeframe of BTCUSD price had already corrected to $30K thus formed a Higher low, of course the massive pullback is due to btc high volatility of the price which is very common based on its past price history.

Yes, market movement realistically is always a high followed by a minor low or vice versa. If the market is only moving up and not coming down then it might be because someone is manipulating the prices which is never a good sight for the investors. Look at some of the altcoins how they are pumped and then a massive drop will happen, with Bitcoins the rise is followed by a small drop which is obviously correction and hence shows that the market is healthy and not being manipulated. Its not easy to manipulate such a big market anyways though.

People who are worried at 30k should remind themselves how they panicked when the price dropped to 3k last year and how it recovered. There is never a good feeling when the price drops but all you need to do is understand that corrections are as important and regular as bull and bear runs.

[pixie85]

From a theoretical point of view, no matter how much the price of bitcoin rises or falls, it is healthy, but it needs to be reminded that whether you buy or sell when the price falls, you must pay attention to the risks of bitcoin.

Are you sure about that?

What if the price went to 5000 USD in a flash crash. THis would not be healthy. It would show lack of buying pressure, possible manipulation of the market, some kind of conspiracy against Bitcoin. It would discourage investors.

30 thousand is healthy but we went below that level today. If it keeps going like that it will turn from bull market healthy into a bear market unhealthy

[South Park]

Is actually quite funny when I see newbies getting worried about the price going back to 30,000 and think about this as a disaster when just a few months ago the price of bitcoin was much lower, it seems as if they do not have any kind of historic awareness, it seems they can only remember what the price was a week ago, maybe this is because many of them choose to become day traders and the time frame they use limits the opportunity they have to actually think about all the progress that we have made during the last months.

It's due to people, especially newbies, think that Bitcoin is a get-rich-quick scheme. Most of them, believe that investing what they would call, a large sum of money, usually no more than $200-$600, would easily turn into a double or triple profit, in a matter of a few weeks at most.

It's extremely frequent, especially after Bitcoin is getting featured everywhere, the same thing happened back in 2017, when it reached $20.000. The market was flooded with newbie investors, some of which probably lost some of their funds later on.

I know what you are talking about but it is not completely their fault, most people do not know anything about investing and as such they will never take any chance to invest in any market, which begs the question why they come to this market? And the Internet is full of ads that say that you can earn a fortune with cryptocurrencies in a very short amount of time, when they read this they come to this market thinking they can make a lot of money only to be disappointed that things do not work like that.

[royalfestus]

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’

It depends more on how it drops, we have seen it dump gradually without much effect on altcoins. More so, we have seen several retest on ATH before the gradual plummet. The dump does not affect stable coin, so the market can handle for the next run.

[vaultman]

The price of bitcoin is already holding at the level of 30 thousand dollars and I think that this price will hold for another month, or even several months. In the future, the price must necessarily rise, since all the prerequisites indicate the growth of bitcoin, more and more institutional investors are accepting bitcoin and investing their funds in it.

[arwin100]

Is actually quite funny when I see newbies getting worried about the price going back to 30,000 and think about this as a disaster when just a few months ago the price of bitcoin was much lower, it seems as if they do not have any kind of historic awareness, it seems they can only remember what the price was a week ago, maybe this is because many of them choose to become day traders and the time frame they use limits the opportunity they have to actually think about all the progress that we have made during the last months.

It's due to people, especially newbies, think that Bitcoin is a get-rich-quick scheme. Most of them, believe that investing what they would call, a large sum of money, usually no more than $200-$600, would easily turn into a double or triple profit, in a matter of a few weeks at most.

It's extremely frequent, especially after Bitcoin is getting featured everywhere, the same thing happened back in 2017, when it reached $20.000. The market was flooded with newbie investors, some of which probably lost some of their funds later on.

I know what you are talking about but it is not completely their fault, most people do not know anything about investing and as such they will never take any chance to invest in any market, which begs the question why they come to this market? And the Internet is full of ads that say that you can earn a fortune with cryptocurrencies in a very short amount of time, when they read this they come to this market thinking they can make a lot of money only to be disappointed that things do not work like that.

New people came hoping to earn some richest on bitcoin since someone influence them that they will possibly became millionaires if they invest on bitcoin since base on price history it always pump so hard which can possibly multiply their money in short year period.

The price of bitcoin is already holding at the level of 30 thousand dollars and I think that this price will hold for another month, or even several months. In the future, the price must necessarily rise.

It quite stabilize at that figure and I think we will hold that until next month so provably we cannot see some big changes due to some people are really afraid about huge pull back after bitcoin reach his peak. But actually people don't need to worry about that since the $30k is so healthy figures for bitcoins.

[speedforce]

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

[Questat]

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

More correction the better, I believe the hype is over, people have already sold and take profit, not it's time to witness if how strong those who bought at the peak, if they will panic when seeing bitcoin will drop below $30k, then we will surely see a further dump.

We should not be surprise with this, it's been a trend for crypto than after a big push to create a new ATH, there's always a major correction waiting, and what we are see is not yet the major one, so let's be patient and trust bitcoin.

[AndySt]

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

More correction the better, I believe the hype is over, people have already sold and take profit, not it's time to witness if how strong those who bought at the peak, if they will panic when seeing bitcoin will drop below $30k, then we will surely see a further dump.
We should not be surprise with this, it's been a trend for crypto than after a big push to create a new ATH, there's always a major correction waiting, and what we are see is not yet the major one, so let's be patient and trust bitcoin.

Let's hope, however, that the correction that has already taken place will be limited to the 30k area, especially since the Fed meeting announced that the rate will remain at the same level and continue the current monetary policy despite the change of the presidential administration in Washington. It is also thought that there is a possibility of a return in the near future of the price in the area of 35k.

[arwin100]

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

More correction the better, I believe the hype is over, people have already sold and take profit, not it's time to witness if how strong those who bought at the peak, if they will panic when seeing bitcoin will drop below $30k, then we will surely see a further dump.
We should not be surprise with this, it's been a trend for crypto than after a big push to create a new ATH, there's always a major correction waiting, and what we are see is not yet the major one, so let's be patient and trust bitcoin.

Let's hope, however, that the correction that has already taken place will be limited to the 30k area, especially since the Fed meeting announced that the rate will remain at the same level and continue the current monetary policy despite the change of the presidential administration in Washington. It is also thought that there is a possibility of a return in the near future of the price in the area of 35k.

Let's hope but we cannot assure that since we don't know how people can handle the pressure of holding while the market is playing at pulling back and pumping scheme, but for whales maybe they still intact on their belief that there are still good pumps will and hopefully we can see the price will reach to $35k  again since people will comeback alive and believe that bitcoin will not drop.

[Pamadar]

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

It's hard to say the stable barrier as there are always pressures that may take place along the way.

It's about own understanding and analysis that may give you a good position to take, you use those information which are available in the internet, those important factors can help everyone deciding which patterns to use or which strategy that will work accordingly to avoid big loses.

[Mistafreeze]

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’

When people buy at ATH, they usually hold it till next ATH. This way we get more holders and bitcoin price gets support level.
Also when price fall after ATH, people start buying in the hope of making some profit during next ATH.

[marcbitcoins]

Experts believe correction of Bitcoin prices have started and will fall more below the current price. It is said the correction is necessary in order for future long term growth of Bitcoin but I think this is not healthy to those who bought it at $40K because the way to make money in market is to buy low and sell high.