Is Bitcoin's price drop to 30K healthy?

[Cling18]

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's part of the correction so I still see it as a healthy thing because it's necessary for the future growth of Bitcoin. It's also a good chance for those who are aiming to buy at a good price before. Bitcoin always needs a correction for its long run and any situation would be healthy as long as we know how to take advantage of it.

[1714612755]

1714612755

[Janation]

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.

This depends on that holder.

The price won't always be breaking or creating another ATH every month or every week. That means that when they will be investing during the ATH, that means there is a high chance that it will go down. Some people selling or maybe a correction happened where they could buy or reinvest. Saying that, it means that falling down is just good as going up.

[bitgolden]

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.

You can't make a decision based on "what ifs" because those would be always there, if you wait around that means you may end up losing out on big profits. When the price was only 10k, there were people that said "what if price goes back to 4k like in march?" as well, instead it went to 40k and those people who weren't sure about what would happen lost on a huge 4x return on their bitcoin investment.

This is why I think its crucially important that if you want to get in and be involved with bitcoin, you should do that without waiting. If the price falls after you get in, you could always try to acquire more, or you could wait around until it goes back up because it always does, but if you stay out you are going to lose out 100% guaranteed, if you get in at least you will have a chance to make a profit from it and that chance is the reason why people buy no matter what the price is.

[finaleshot2016]

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.

This depends on that holder.

The price won't always be breaking or creating another ATH every month or every week. That means that when they will be investing during the ATH, that means there is a high chance that it will go down. Some people selling or maybe a correction happened where they could buy or reinvest. Saying that, it means that falling down is just good as going up.

Agree on this, it will always depend on the holder, if they bought bitcoin to early then already sold their bitcoins in the ATH, it's a pretty huge income and it doesn't matter for them if a correction occurs. It's still pretty healthy as we know that it might increase again in the next few days, it's obvious that it isn't the correction. But for those who are very late for the investment, it's not very healthy because it's a huge risk and you might lose a lot of money because of that.

[FlightyPouch]

I think it is still safe and it is a correction to be able to Bitcoin in a higher position. We know that in 2020 bitcoin could be under $ 10k but the reality is that now bitcoin can go higher than $ 20k which is a staggering 100% increase for bitcoin. so why worry if bitcoin is under $ 30k once again I say it's just a correction

Well, for me it is also a correction. The price right now is staying at $31K and I think it would go lower but I don't think it would be staying there for a long time. I think there will be a lot of investors that would take advantage of that low price to buy again. After that, we will be continuing the journey up to $50K or maybe higher.

[bitzizzix]

In the last few months bitcoin price continued to increase and passed ATH to new ATH from 20K, 30K and up to the last 42K which I think is a tremendous increase.
and a decline of almost 20% in the last few days is a healthy correction and it is very scary if the price of bitcoin continues to rise so it needs a little decrease which I think is reasonable, and currently bitcoin price is 30K which in my opinion Opinion is still in a good position even though it has touched 28K and back to 30K.

[qwertyup23]

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’

This is relatively hard to answer but purely basing it on my experience, the drop is healthy as it remains and stays at $30,000.

In this bullish run, the increase on the price of bitcoin has set and has stabilized for the time being. I remember way back in 2018, its price remained consistent around $4,000-$5,000 in a month and it significantly increased on the last quarter of that year. Although basing the price PURELY on history may sound outrageous and without basis, I would still advice to keep your bitcoins for long-term.

[bits4books]

And the increase in the price of btc from 0 to 30k is this normal? What difference does it make to you? A thousand more, a thousand less - you will still get your dollars, do not worry. As many people like to say, "BTC tomorrow will always cost more than yesterday". If you only care about the price of BTC and cryptocurrency in general , then do not worry, any price that you and everyone else are willing to pay for it is normal for it.

[fullhdpixel]

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.

I don’t know about this, sometimes those predictions are just people trying to be positive at times like this and they just start to speculate, and it doesn’t mean that it’s going to be as they have said.

The price is struggling at that $30 thousand price and might soon be slipping into the $20 thousand level. It is not like we didn’t know this was going to happen, we all aware of such , but most of us hardly accept it, we just want the price to increase without a fall, despite we are aware how volatile it can be. Me too, I would want the price to keep growing, but it can’t be like that.

[doomloop]

There's no need to panic if Bitcoin drops to $ 30,000. Because after a long bull run it hit a price above $ 40,000. Indeed there will be a correction and this is necessary, so that the increase in the Bitcoin price is healthy and can go up even higher.

I wouldn't say right now the is the best time to buy BTC because if you ask me, the price is way higher than what it should normally be and maybe it would be a wise idea to wait for the market to settle down further before buying more. But there is a chance that the price doesn't drop anymore and another bullrun starts so don't take my advice and if anything I have learned from this crypto market, it is that no one knows what will happen next.

I personally think with such high volatility right now there will be panic if it reaches $ 30k.
but what is called a high risk investment we must be clever in addressing this situation ..

Unless it drops below 20k there is no need to sweat because lets face it, the price has almost doubled the previous all-time high and if it settles down around 25-30k its absolutely fine.

[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.

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.

Agree, but i think the peak buyer now its a bit stronger than before.
At least, we dont see any big drop near this and i hope its not happen too.

[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’

Healthy because this allows many other new entrants to join at low price but it is not at all necessary.
We need more price stability in BTC, this quick fall and rise is not good for global adoption.

[dezoel]

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.

It was really scary to see bitcoin go down that quickly, it will never be easy to watch your money drop and drop while you do nothing about it. That is also why I understand the panic sellers as well, because it is something to panic about for sure without a doubt, but if you do not do it you can make a profit.

Look at all the big names that keep holding no matter what, people with 10k+ bitcoins will hold as much as they want until they want to just get out and do something else with their money, those people do end up making a huge amount of profit because they are capable of waiting around, they are not small investors that gets scared of every move, they are people who could lose 50% if it comes to that and they would still hold, those kinds of people do make a decent amount of return because of that ability. Act as if you are a rich person who can wait, and you will profit, if not then those drops could be scary.

[Ozero]

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’

This is relatively hard to answer but purely basing it on my experience, the drop is healthy as it remains and stays at $30,000.

In this bullish run, the increase on the price of bitcoin has set and has stabilized for the time being. I remember way back in 2018, its price remained consistent around $4,000-$5,000 in a month and it significantly increased on the last quarter of that year. Although basing the price PURELY on history may sound outrageous and without basis, I would still advice to keep your bitcoins for long-term.

A high rise in the price of a cryptocurrency, as a rule, entails a sharp drop in its price after a while. Bitcoin has reached an unprecedented price and dropped to the current over $ 33,000 and this is very normal for him and the participants in this market. In this case, we can be sure that there will be no shock drop in its price. It will be good if it consolidates and after a while continues to grow at a moderate pace. However, if even for some time we do not see its growth, it is possible that altcoins will begin to grow in price. Therefore, the current state of the market is in any case pretty good in terms of its further price growth.

[sulendra12]

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 will stay longer than you imagine, maybe we will stay in $30k for another month if  there is nothing bad happen during this hype and how the market is going on. The only fear that I don't want to see is that the panic of 2018 where the price was really dumped hard to the ground and it stayed at 4 digits more than 2 years. Just see more information about this.

[South Park]

When people buy at ATH, they usually hold it till next ATH.  next ATH.

This is not true at all, when people buy at the ATH most of the time they do it because of FOMO and because they want fast profits and for the most part when they do not get what they want they either get scared or they keep holding for some time thinking that things are going to go back to normal and instead they keep holding during the whole duration of the crash and they lose their money because of this, and we have a very clear example of this with what happened during 2017.

[tabas]

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.

But we haven't seen it drop more than $28k. Within a range of month and we're closing it to the 2nd month, the market is doing good. There will be sets of corrections in the future and we just have the recent ones for the past weeks and I can say that it's just a very healthy correction.
Prices during those corrections were still acceptable.

[jaberwock]

but i think the peak buyer now its a bit stronger than before.
At least, we dont see any big drop near this and i hope its not happen too.

Those people who bought at high prices are willing to wait a lot more this time around because they have seen what happened with the 2017 and 2018 and following years. I understand that before 2017 there were many ups and downs, I have seen them myself, but we never really got people in the numbers we had in 2017, that was the first time bitcoin became a huge worldwide phenom and that is when most people came to bitcoin. What happened? It peaked at 20k and went down as much as 3.5k and people assumed it was dead.

So, why do people are more willing to wait this time around? Simply because after it went down that much, price peaked at 41k recently, which means if you do not sell and wait you could make a profit, even if the price goes from 20k to 4k that means it could go to 40k as well, and same goes for now as well, even if it falls now, it will go over 40k too, that is why people are willing to wait.

[Oshosondy]

When people buy at ATH, they usually hold it till next ATH.  next ATH.

I too have great believe about bitcoin to be a deflationary currency but the price thing do not work the way you think.after all time high, anything can happen, and what will most likely happen is decrease of bitcoin price which is called correction, correction makes price movement healthy, and after long period again, the price of bitcoin will increase than the all time high, but it can take time for this while some wiser people will make stable coin as their safe haven during bitcoin price decrease and wait for the next pump.

[AndySt]

Yeah it was very healthy. High volatility means uncertainty and uncertainty kills financial instruments. So bitcoin's pull to 30000 was healthy because it came after its raise to 40000 so quickly. Meanwhile I personally believe 30000 was just correction and bull run is still not over. It is hard to find entry point in these prices but Bitcoin is still BUY and HOLD for me.

In general, the normal market by default assumes some element of uncertainty, that is, to put it differently, it is part of the rules of the game  And a really good enough option was a correction to the area of 30,000, and not below. I agree that due to the ongoing pandemic and, accordingly, the continued pumping of money into the economy by state governments, there are the worst hopes for the continuation of the bullish trend.